The Lunacy of BTU Supporters

[kiklo]

Right... You can use computational power to do this, but it is exponentially cheaper than mining, totally outcompeting those who play the game honestly.  If taken to extremes, and everyone starts throwing massive computing power to game the system, then your supposed PoS system turns into PoW indirectly, which kind of defeats the point of PoS in the first place.

Everything is cheaper than ASICS Mining, the N@S Lie states that no addition resources will be required.
Clearly you can see the CPU increased requirement, you are forgetting the Memory Ram Requirements, may increase by the factor of the number of Forks.
All of those will draw more energy. Your Costs will increase for absolutely no reason with No real Increase in Rewards.

Your Reward rate will be the same whether you multistake or not,  the block of coins will then deactivate until it reaches minimum stake age.
The Fact is , if you are able to stake on multiple forks, you would have staked on the main fork and added to its difficulty without Negating it by multistaking, and all of the rest of the multistaking nonsense is a waste of time.

The N@S lie has been out for a few years , where are the multistaking clients?
There are'nt any, because they don't really give you the advantages you think they do.
Just another one of G.Maxwell lies,
The Nothing at Stake Lie
or
The BTC can't increase transaction capacity without segwit Lie

Both are lies, when you look at them closely.

 

FYI:
If the Nothing at Stake Lie were True ,
Why isn't G.Maxwell crushing Blackcoin, or Diamond or Navcoin, by exploiting the N@S, the reason is he can't because he lied!    

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[kiklo]

If BU forks the network there will be no coming back to main chain later, they will lose their grip if stop mining on main chain for more than 10 minutes.

Hmm,
that is not how it works.

When BTU get 55% or higher , after they maintain that for ~2 weeks, Sometime in the next two weeks (this is when you need to update to BTU or get left behind),they will release a  >1 mb block, Core clients will not recognize that block and then fork off, while BTU continues on with a higher Hash rate and finding blocks faster, shortly after that >1mb block , a updated BTU wallet will be released with a Hard coded checkpoint that forever denies any reorgs before that larger block.
This means even if all of BTU shut down , Core is Forever Locked out of the BTC Blockchain, unless they update to BTU Code accepting larger blocks.
Only then can they renter the Bitcoin blockchain.

 

[Diegox]

I support BU and I think it's the best choice for the network.
Also happy to see how weak hands dumped BTC You will be buying back BTC for 1500$ and BTU for 2000$ in few months.

[mindrust]

Why are you so upset? Let them fuck off as soon as possible along with their companies. Let them mine their own shitcoin. Nobody with a brain will buy their product anyway. Without a consumerbase they won't be able to survive.  If they are so much cancer, they better leave us asap. I say, let's support BU, sooner we dump them, better it is.

[Yutikas_11920]

I would highly recommend that if you are against BU, pull out of all the exchanges that support it. Don't give them the business. For example Hashnest, and the Antpool. They are heavy supporters of BU, and have gone as far as to call core supporters crazy. Fuck that Chi*k

Hmm, it is now supported by many BTU'S most exchange trusted or already established since long. But it's also not necessarily generate or deliver the best for the future, for all the things that exist in the exchange depends on the devotees, if indeed BTU realized and only have smaller audiences of the future then bitcoin will also only and it will not give effect on prices and the growth of the bitcoin
 

[quake313]

Could you both stop the insults, you do a disservice to both your causes. Kiklo, if didn't care why do you keep responding? Based on all the stuff going on in this forum and reddit, I think the best coarse of action is do nothing until a true consensus can be reached between the sides.

[kiklo]

Could you both stop the insults, you do a disservice to both your causes. Kiklo, if didn't care why do you keep responding? Based on all the stuff going on in this forum and reddit, I think the best coarse of action is do nothing until a true consensus can be reached between the sides.

I don't care what he believes, but if anyone insults me, I will trade insults until they collapse from physical exhaustion, if they continue.
In the real world one of us would have already beat the other senseless and the discussion would have been over. 
Plus others can gleam insight from the links, I posted. But like I said , I am done with conversing with him, if he is done conversing with me.

 

[AngryDwarf]

Please avoid getting into a heavy prolongated slagfest. It only results in the mods exercising the use of their heavy hand.

[FiendCoin]

Could you both stop the insults, you do a disservice to both your causes. Kiklo, if didn't care why do you keep responding? Based on all the stuff going on in this forum and reddit, I think the best coarse of action is do nothing until a true consensus can be reached between the sides.

I don't care what he believes, but if anyone insults me, I will trade insults until they collapse from physical exhaustion, if they continue.
In the real world one of us would have already beat the other senseless and the discussion would have been over. 
Plus others can gleam insight from the links, I posted. But like I said , I am done with conversing with him, if he is done conversing with me.

 

I’ll take the high road; we can agree to disagree.

I’ll ask you nicely to go away and stop posting in my thread, thanks.

[jonald_fyookball]

Right... You can use computational power to do this, but it is exponentially cheaper than mining, totally outcompeting those who play the game honestly.  If taken to extremes, and everyone starts throwing massive computing power to game the system, then your supposed PoS system turns into PoW indirectly, which kind of defeats the point of PoS in the first place.

Everything is cheaper than ASICS Mining, the N@S Lie states that no addition resources will be required.

Everything in the universe takes energy, lol.  The point is is doesn't take MUCH energy.  You're missing the forest for the trees.

As to why it hasn't been exploited, i think it was -- maybe luke jr. or someone attacked a PoS coin and caused a huge re-org,
but i'd have to look that up.


 

[btcxyzzz]

Ever heard of Bilderberg group you stupid fuck?

[jonald_fyookball]

Ever heard of Bilderberg group you stupid fuck?

Are you addressing the OP or the last poster (me) ?

[franky1]

bu or any other dynamic implementations have NOT set any threatening deadlines
and NOT added anything that would intentionally banscore nodes off the network
and NOT gone 'full wetard' to even threaten removing PoW.
(by core refusing to add a few lines to be part of the peer network that could be dynamic, they will banscore themselves off the network by rejecting majority consensus)
core only want their own TIER network and have gone 'full wetard' to try getting it
SEGWIT rely on ONLY pools vote
dynamics implementations needs nodes AND pools, otherwise nodes will just orphan off the blocks in 3 seconds and stick with things as they are now(as displayed last month).

CORE actively and intentionally bypassed node consensus by going soft.
core have all the ban hammers,
core set the deadlines
core set threats of pool orphaning with bip9,
core set more threats with UASF
core set more threats with changing PoW

it is core that dont want community free choice.. its either get into segwit or have bitcoin ruined into something no longer bitcoin
(total rewrite, different keypair types different mempool strange formation, different full tx data formation, different tier node topology, different 'mining algo)

however dynamic implementations are compatible with several different implementation 'brands' using just a few lines of code.
set no limit
set no agenda,
dont have zealous banscores
havnt threatened anything.

they are just plodding along for the last two years letting natural consensus do its thing.

[BillyBobZorton]

BUcoin is dead. Nobody will use inferior software commanded by a mining cartel when you got world class coders working in Core with a new non-centralized mining algo.

Miners can be easily replaced, coders can't. Can't wait to dump BUcoin.

[franky1]

commanded by a mining cartel

lol
core are getting desparate to force segwit.
1. take nodes vote away
2. take pools vote away
3. give full control to core.

wak up to your own hypocrisy. if only one implementation (core) is running.. then there is no decentralisation.

core need to man up and realise
if they know nodes vote wont activate segwit(thus needing to bypass node vote by going soft) they know users dont want it
if they know pools vote wont activate (thus needing to blackmail with PoW change) they know pools dont want it

they should just instead of bribe(fee discount), or tweaking the elections(going soft),or blackmail(PoW algo change) they should just try something different the community will accept

[AliceWonderMiscreations]

BUcoin is dead. Nobody will use inferior software commanded by a mining cartel when you got world class coders working in Core with a new non-centralized mining algo.

Miners can be easily replaced, coders can't. Can't wait to dump BUcoin.

Then why is Windows still so popular?

[Bergmann_Christoph]

I do agree that it is rather bizarre that BU supporters talk a lot about decentralization, but they are centralizing a great deal of power in the hands of a few mining pool operators and major miners, and putting miners in control of protocol options like blocksize rather than the dev community with inputs from everyone. That's a mistake. Miners are not a neutral party in the bitcoin ecosystem, and putting them in charge disempowers everyone else.

What are devs loosing if they make something wrong? Fame.
What are miners loosing? Everything.

Miners are not neutral. Miners which invested in Asics are the only party of the system which looses everything in case of a failure. Devs keep their skills, investors and exchanges trade altcoins, I, as a bitcoin journalist write about other cryptocurrencies. But Bitcoin-Asic miners keep nothing. If there is one entity in bitcoin I trust to act responsible for the system, than it are miners. This is the basic incentive structure of Bitcoin: everyone can make profit by acting evil except the miners. They just loose money.

If you want to go on crusade against the miners, which are the most important defining invention of Bitcoin - I'm ok. If there is one truth in Bitcoin than that you are poised to loose the fight. If this breaks Bitcoin for you, it was broken since the beginning, but you just didn't realize because you never really thought about it.

[Iranus]

So this BTU thing causes the bitcoin price to decrease.
I`ve never been vary familiar with all this block size,scaling,LN,blocktream shit,but it`s obvious that some people want to profit from destroying bitcoin and replacing it with some fake altcoin pretending to be btc.

Satoshi had no block limit in the initial version and was later talking about increasing block limit gradually on this very forum. Bitcoin allowing bigger blocks isn't exactly "a new altcoin".

It is a new branch of Bitcoin though and should be regarded as separate.  When people gain an equal amount of BU coin to their Bitcoin, that'll be against their will, whereas they chose before to hold Bitcoin.  That's absolutely fine, but it should be obvious to people that these are two different coins and the one that they chose to hold is the original Bitcoin, therefore the new coin should be regarded as an alt as it is a newly created coin.

[BillyBobZorton]

commanded by a mining cartel

lol
core are getting desparate to force segwit.
1. take nodes vote away
2. take pools vote away
3. give full control to core.

wak up to your own hypocrisy. if only one implementation (core) is running.. then there is no decentralisation.

core need to man up and realise
if they know nodes vote wont activate segwit(thus needing to bypass node vote by going soft) they know users dont want it
if they know pools vote wont activate (thus needing to blackmail with PoW change) they know pools dont want it

they should just instead of bribe(fee discount), or tweaking the elections(going soft),or blackmail(PoW algo change) they should just try something different the community will accept

Nonsense. Mining is centralized and they will be able to unilaterally change parameters at will with BUcoin. They are jeopardizing bitcoin development by "do this, or else meet my hashrate". Ultimately they are easily replaceable, devs with years of experience in the field aren't. Cooperate or enjoy mining an altcoin.

BUcoin is dead. Nobody will use inferior software commanded by a mining cartel when you got world class coders working in Core with a new non-centralized mining algo.

Miners can be easily replaced, coders can't. Can't wait to dump BUcoin.

Then why is Windows still so popular?

Window is not a cryptocurrency, our wealth is not on the line.

[franky1]

you argue

Nonsense. Mining is centralized by "do this, or else meet my hashrate".

but then slap your own argument down with

Ultimately they are easily replaceable,

so which is it.

dynamics has the hard consensus of nodes and pools. which means NODES can vote against pools.

its CORE that have bypassed nodes consent(going soft).
i think your more angry at pools because of something that core actually caused. but not willing to admit a choice core made by going soft that backfired.
you wont admit core went wrong by going soft and giving pools the only vote because you want to remain ademant that core are kings and gods.

your also thinking that devs are immortal and will be around for the next 100 years and bitcoin cannot survive without your special immortant team of kings.

wake up to your own fairy tale your clinging onto

devs do come and go, devs do switch teams.
dvs move onto different projects all the time.. so devoting your desire towards a dev, instead of the longevity of whats right for bitcoin and the community is your own failure