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Author Topic: Bitcoin Unlimited rapidly taking over  (Read 2398 times)
Iranus
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March 18, 2017, 03:03:32 PM
 #21

As BU is rapidly taking over the ecosystem the price is plummeting. Will you be left behind?


damn,  you are getting better at putting out yourbullshit. I had two read twice before i looked to see it is good old kwuduck.

BU is not rapidly taking over, first of all they can not even handle the 1% changes they made to the bitcoin core codes  . Secondly they are at 32 % support they need at least another 20% and if it happens it is going to take time and alots of it.   And if it happens and we do get a seperate chain well then  BTC holders will get same amount on BU chain. So is win win for Bitcoin core holder
I agree.  Many people here care far too much about BU.  I think it's the desperation for a solution which is causing this fairly extreme optimism about BU's prospects.  It might well be that Bitcoin does end up succeeding though, if miners get a bit more scared about what would happen if a solution was not found (the reason they would turn to BU is because BU is currently leading significantly over SegWit due to some Chinese monopolies).

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March 18, 2017, 03:06:19 PM
 #22

As BU is rapidly taking over the ecosystem the price is plummeting. Will you be left behind?

Taking over what?

Same fud as this your thread.

BU is shit as jihan itself.
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March 18, 2017, 03:09:23 PM
 #23

As BU is rapidly taking over the ecosystem the price is plummeting. Will you be left behind?


damn,  you are getting better at putting out yourbullshit. I had two read twice before i looked to see it is good old kwuduck.

BU is not rapidly taking over, first of all they can not even handle the 1% changes they made to the bitcoin core codes  . Secondly they are at 32 % support they need at least another 20% and if it happens it is going to take time and alots of it.   And if it happens and we do get a seperate chain well then  BTC holders will get same amount on BU chain. So is win win for Bitcoin core holder
I agree.  Many people here care far too much about BU.  I think it's the desperation for a solution which is causing this fairly extreme optimism about BU's prospects.  It might well be that Bitcoin does end up succeeding though, if miners get a bit more scared about what would happen if a solution was not found (the reason they would turn to BU is because BU is currently leading significantly over SegWit due to some Chinese monopolies).

exactly,  some BTC noobs panic selling based on FUD. People do not base their trading on facts, they just read some news and scream " ohh my god, the sky is falling "  .
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March 18, 2017, 10:44:55 PM
Last edit: March 18, 2017, 11:05:13 PM by uki
 #24

Well that's what we are seeing right now.
Going down really hard now, about to drop under $1000 in just a few minutes.
That is one of your few correct bearish calls. Well done!
Let's see, if you increase your accuracy over longer period of time.

this space is intentionally left blank
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March 19, 2017, 02:16:31 AM
 #25

it not fud so much as people are just sick of the internal fighting, and the implication of lack of dev via no consensus, and the strangleing of btc, when it should be happy that it is getting so much demand! The fact you can use normal x-actions anymore, and your coins are perma locked at the mercy of the current state of the mempool

I mean it all gone so right for btc then at the critical moment nope do want block size to be any bigger.

Yeah. This has been going on for about three years now. It needs to be resolved one way or another. I miss the days when Gavin was the lead dev and everything seemed stable from the tech side of things.

 
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March 19, 2017, 02:41:34 AM
 #26

I don't see bitcoin unlimited rapidly taking over bitcoin soon though but if it happens I guess it's still a win situation for all who use and hold bitcoin now but I like the real bitcoin more than bitcoin unlimited. For me BU in my opinion is just another altcoin trying to compete with bitcoin but the current drop in price is not caused by BU but rather by manipulation such as these thread popping around when the price starts to dump.
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March 19, 2017, 02:44:59 AM
 #27

Well that's what we are seeing right now.
Going down really hard now, about to drop under $1000 in just a few minutes.
That is one of your few correct bearish calls. Well done!
Let's see, if you increase your accuracy over longer period of time.

Lol he was finally right. That's pretty terrible odds. More blocksize debate threads and less stupid FUD threads kwukduck. We need to hear the real story not your end view.
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March 19, 2017, 02:49:04 AM
 #28

i think bitcoin unlimited is not rapidly taking over but yes there is a panic situation in the market after they know about bitcoin unlimited and maybe its the reason that bitcoin price is suddenly gets down to far. but actually i like bitcoin like what it is and i am curious more about bitcoin unlimited and i want to know when it will happen.


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March 19, 2017, 02:56:05 AM
 #29

it not fud so much as people are just sick of the internal fighting, and the implication of lack of dev via no consensus, and the strangleing of btc, when it should be happy that it is getting so much demand! The fact you can use normal x-actions anymore, and your coins are perma locked at the mercy of the current state of the mempool

I mean it all gone so right for btc then at the critical moment nope do want block size to be any bigger.

Yeah. This has been going on for about three years now. It needs to be resolved one way or another. I miss the days when Gavin was the lead dev and everything seemed stable from the tech side of things.
As stated block size debate have been going for a long time without any conclusion getting effect. The development team is quite good than any other, even when the bitcoin network got effected due to bitcoin unlimited a bug was imposed on the network. But even after that the crash didn't last long causing a drop to bitcoin and not BU.
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March 19, 2017, 02:58:18 AM
 #30

This is a nice suggestion, yeah I will convert all my btc to ETHs to DASH until the price calms after the hardfork.

How long until hard fork? Which one of new currencies will have bigger price? How about double spending.. I might double spend some of my newly created btc to dash or ether
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March 19, 2017, 03:04:46 AM
 #31

This is a nice suggestion, yeah I will convert all my btc to ETHs to DASH until the price calms after the hardfork.

How long until hard fork? Which one of new currencies will have bigger price? How about double spending.. I might double spend some of my newly created btc to dash or ether

There has been some nice appreciation in many altcoins as some investors have already took positions. However, as per coinmarketcap, ETH and ETC has corrected a bit along with some other alts. So maybe this is your best chance to swap your bitcoin to other altcoins. Bitcoin itself has corrected from $1250 to $1040.


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March 19, 2017, 10:30:50 AM
Last edit: March 19, 2017, 10:57:26 AM by iamnotback
 #32

Re: RogerCoin

He went from Bitcoin Jesus to Bitcoin Antichrist LOL

RogerVer's BU is lonesomely incompetent. Expect a reversal back to Bitcoin Core soon. Last chance to buy under $1000 before the rocket leaves the launch pad to $2000+. (Caveat, make sure my linked point is technically correct first ... I'm waiting peer review...)
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March 19, 2017, 11:27:17 AM
 #33

Don't ever believe on what kwuckduck is saying, he's quacking around giving those newbie hodlers to spread fud and make them sell. How can you say that it is rapidly taking over the bitcoin core? I guess you did Bu supporters became successful to scare hodlers out there. But don't ever try to say that BU is rapidly taking over, don't make us laugh here.

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March 19, 2017, 03:34:05 PM
 #34

Re: RogerCoin

He went from Bitcoin Jesus to Bitcoin Antichrist LOL

RogerVer's BU is lonesomely incompetent. Expect a reversal back to Bitcoin Core soon. Last chance to buy under $1000 before the rocket leaves the launch pad to $2000+. (Caveat, make sure my linked point is technically correct first ... I'm waiting peer review...)

Bitcoin Unlimited is doomed now that I've shown it is based on faulty math. This is fundamental and the entire concept of unlimited block size is flawed. Once the market digests my revelation, there will be dumping of mining nodes for Bitcoin Unlimited. Roger Ver you really need to get better peer review of the projects you support. You are making so many YUGE technical errors and promulgating incorrect technical information. Shame on you.
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March 19, 2017, 03:50:21 PM
 #35

Re: RogerCoin

He went from Bitcoin Jesus to Bitcoin Antichrist LOL

RogerVer's BU is lonesomely incompetent. Expect a reversal back to Bitcoin Core soon. Last chance to buy under $1000 before the rocket leaves the launch pad to $2000+. (Caveat, make sure my linked point is technically correct first ... I'm waiting peer review...)

Bitcoin Unlimited is doomed now that I've shown it is based on faulty math. This is fundamental and the entire concept of unlimited block size is flawed. Once the market digests my revelation, there will be dumping of mining nodes for Bitcoin Unlimited. Roger Ver you really need to get better peer review of the projects you support. You are making so many YUGE technical errors and promulgating incorrect technical information. Shame on you.
Woow, new information about BU math, I'm not so good at it. If that's true, they have to change it l.
This problem keep growing and blow my mind, whether it should be SegWit or BU.
Most of us even don't know how exactly BU codes will works if implemented in the future, but we do know that SegWit will be fine for bitcoin.
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March 19, 2017, 04:06:41 PM
 #36

Bitcoin Unlimited only has about 35% of the last 1000 blocks.  The claims that a hard fork is inevitable are only from the most pessimistic of Bitcoin users and from those who believe them, as well as sometimes just being weak FUD.  Unfortunately, these claims will become a self-fulfilling prophecy in which some miners decide that they have to contribute by going along with the majority and completing it when in fact this is just rhetoric and in reality SegWit should still have a reasonable chance.

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March 19, 2017, 04:43:20 PM
 #37

Bitcoin Unlimited only has about 35% of the last 1000 blocks.  The claims that a hard fork is inevitable are only from the most pessimistic of Bitcoin users and from those who believe them, as well as sometimes just being weak FUD.  Unfortunately, these claims will become a self-fulfilling prophecy in which some miners decide that they have to contribute by going along with the majority and completing it when in fact this is just rhetoric and in reality SegWit should still have a reasonable chance.

I agree, it's like just keep on telling yourself that you will not do something and kept on saying that and in the end you do it. People are just really hard to comprehend. This FUD might end up as the status quo and that would really be hard to take in. I just hope it doesn't push through.
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March 19, 2017, 06:18:02 PM
 #38

Woow, new information about BU math, I'm not so good at it. If that's true, they have to change it l.

There is nothing they can change it to. Unlimited blocks do not work.

Here is another way to realize how ridiculous @Peter R's (Bitcoin Unlimited's) thesis is.

Let's assume every miner had the same hashrate and the same propagation delay, i.e. perfect equality, and so the equilibrium block size was established at rate at which the waste costs of orphans for the entire system was balanced with what the market was willing to pay for transaction fees. But every miner would have an incentive to have a higher share of the hashrate and a faster than average propagation delay, because those who did would win a disproportionate share of the rewards (if you don't understand why then you need to study the original selfish mining paper and the followup on optimal mining strategies).

So the natural market outcome is that miners would sign their blocks with a public key representing their reputation to not send invalid blocks. So then miners (pools) would be economically incentivized to trust each other and send only the signed block headers so they can begin mining on the new blocks as fast as possible with only constant factors of propagation (independent of block size). Of course they can still propagate the block data for verification but propagation delay no longer matters. Miners who didn't participate would be less profitable and lose share of hashrate over time. So then you end up with no free market limit on block size, i.e. no fee market. Once again a power vacuum ensues and there must be winner-take-all power-law aggregation of economies-of-scale. This is why Satoshi's PoW is flawed as a decentralization paradigm.

Q.E.D.

It doesn't matter whether you choose SegWit/Core or Bitcoin Unlimited, both are centralized control paradigms. But Bitcoin Unlimited means massive chaos and market confusion (thus probably a cratering price which destroys many miners) until the power structure takes form that takes control over the chaos (which will then be no better than Core because again a monopoly over block size and extracting maximum transaction fees the market will bear). At least with Core, we already have the banksters in control and leading us over the cliff. Continuity is what the miners need right now, until someone invents a real solution. So the miners will reject Bitcoin Unlimited unless they want to shoot themselves in the foot with chaos and cratering price. I think the market will quickly rally behind the most continuous path and reject the copycoin, same as it did for Ethereum Classic. If you don't actually bring a solution for anyone, then don't go fucking up the market and creating needless chaos, because the market will reject it.
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March 19, 2017, 06:33:00 PM
 #39

A hard fork would be suicide right, the problems with Bitcoin can and should be solved ussing a soft fork.
Hard fork will be disaster and it may lead to split of bitcoin blockchain into two which may trigger massive price dump at current situation.

I doubt the fall is due to BU or a possible hard fork though, it might just be a delayed reaction to the ETF, and that so much money is moving into alts.

I can live with the price at >$1000, I've seen worse!
One of the reason behind this dump could be SEC decision on ETF but i think money is moving into ETH due to recent hype about ETH being used in MLM ponzis and some chinese traders are using ETH instead of bitcoin to move their money out of country.

Hmm. ETH being used for bad purposes. What a nice way for advertisement.  Grin
This dump that is happening is just a normal thing for me. Plus I thought they are saying the ETF thing that they so call have already done its purpose a week ago like it was also below $1000 right? Then it went back to $1200 up which they didn't expect. So where is it really? That ETF dump? I just dont really think it is really that reason.


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