Bitcoin Unlimited Won't Ever Be The "Bitcoin", Exchanges Vow

[Sundark]

We already know that Bitcoin Exchanges won't allow BU to usurp the throne and will treat it as an altcoin.
Maybe it is time to stop supporting Bitcoin Unlimited and/or set real consensus conditions for BU to take over.

Please watch this video and share your comments below: Bitcoin Unlimited Won't Ever Be The "Bitcoin", Exchanges Vow / MelonPort on Kraken / Much More!

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[OmegaStarScream]

Almost everyone on the forums knows that and don't support BU however, sadly, It's not up to the community to decide and even If the exchanges took their decision on listing BU as Altcoin, we still see miners supporting it and that's what counts for the moment.

[Carlton Banks]

Almost everyone on the forums knows that and don't support BU however, sadly, It's not up to the community to decide and even If the exchanges took their decision on listing BU as Altcoin, we still see miners supporting it and that's what counts for the moment.

No, it's a game of "chicken", a battle of wills.

Miners are trying to frighten regular users into switching, and that is all they can do. If no-one uses their hard-forked blockchain after the fork, they have nothing but wasted block solutions for a currency no-one is using.

Ultimately, the users actually hold the balance of power.

[Catmony]

It is already an old news for the community and everybody here knows about this. If miners continue to support BTU we may see price of BTU over 1 BTC even as an altcoin. However i don't think BTU will gain that much value even after hard fork, core team may win this battle. 

[Ayers]

Almost everyone on the forums knows that and don't support BU however, sadly, It's not up to the community to decide and even If the exchanges took their decision on listing BU as Altcoin, we still see miners supporting it and that's what counts for the moment.

how can miners sell their coins if they are only accepting it as altcoin without real value or that need to have new value? for them would be like mining a sha256 altcoin, that has without any doubt a worst value than bitcoin which make it less profitable, and for now only antpool is pro bitcoin unlimited all the other are not supporting it hopefully

[chopstick]

The opinion of centralized exchanges matters little.

Hashpower matters.

[jonald_fyookball]

The opinion of centralized exchanges matters little.

Hashpower matters.

True, but it also matters what investors do on the exchanges.

Exchanges can call it whatever they want -- but the market will vote accordingly on which asset is more valuable.

Personally, I think a coin that offers clear scaling now and that a majority of hash power supports is
the no-brainer, but if you disagree, you can put your money where your mouth is    ...or just
play it safe and let the market duke it out.

[maku]

The opinion of centralized exchanges matters little.

Hashpower matters.

It's unfortunate but without these centralized exchanges functionality of bitcoin is very limited. 
We can argue that bitcoin can be traded in p2p environment or used directly to purchase goods.
But realistically how big is volume of p2p bitcoin trading compared to centralized exchange volume?
Users vote with their money and so far they choose (or are doomed to use, depend on how you view it) centralized exchanges.

[Lauda]

The opinion of centralized exchanges matters little.

Hashpower matters.

Please do remind me where you plan on dumping those newly mined, worthless, altcoins called BTU coins?

-snip-
But realistically how big is volume of p2p bitcoin trading compared to centralized exchange volume?

This is not the subject of this thread.

-snip-
Maybe it is time to stop supporting Bitcoin Unlimited and/or set real consensus conditions for BU to take over.

I think that *some* of these *people* (excluding state & corporate sponsored actors supporting BU) are so deeply entrenched in their false belief that nothing can make them change their mind.

[deisik]

We already know that Bitcoin Exchanges won't allow BU to usurp the throne and will treat it as an altcoin.
Maybe it is time to stop supporting Bitcoin Unlimited and/or set real consensus conditions for BU to take over

I strongly disagree and wish them to fork Bitcoin asap

They should certainly feel the pain. They wanted to compete with Bitcoin? Okay, no problem with that, there are a dozen of worthy altcoins which BU should first deal with. Just because it would share the bulk of blockchain with Bitcoin won't automatically make it the next Bitcoin. As to me, the main issue with BU is that they are not really going to fork Bitcoin, especially now when exchanges openly denounced it. Forking Bitcoin today will put an end to all this endless cheerleading and quickly decide on the matter who's got real stuff behind their claims and who is just loud mouths. Release the Kraken

[jonald_fyookball]

We already know that Bitcoin Exchanges won't allow BU to usurp the throne and will treat it as an altcoin.
Maybe it is time to stop supporting Bitcoin Unlimited and/or set real consensus conditions for BU to take over

I strongly disagree and wish them to fork Bitcoin asap

They should certainly feel the pain. They wanted to compete with Bitcoin? Okay, no problem with that, there are a dozen of worthy altcoins which BU should first deal with. Just because it would share the bulk of blockchain with Bitcoin won't automatically make it the next Bitcoin. As to me, the main issue with BU is that they are not really going to fork Bitcoin, especially now when exchanges openly denounced it. Forking Bitcoin today will put an end to all this endless cheerleading and quickly decide on the matter who's got real stuff behind their claims and who is just loud mouths. Release the Kraken

So in your mind, the one true Bitcoin is not the one with the most hashpower, but the one from the Core team?

[deisik]

We already know that Bitcoin Exchanges won't allow BU to usurp the throne and will treat it as an altcoin.
Maybe it is time to stop supporting Bitcoin Unlimited and/or set real consensus conditions for BU to take over

I strongly disagree and wish them to fork Bitcoin asap

They should certainly feel the pain. They wanted to compete with Bitcoin? Okay, no problem with that, there are a dozen of worthy altcoins which BU should first deal with. Just because it would share the bulk of blockchain with Bitcoin won't automatically make it the next Bitcoin. As to me, the main issue with BU is that they are not really going to fork Bitcoin, especially now when exchanges openly denounced it. Forking Bitcoin today will put an end to all this endless cheerleading and quickly decide on the matter who's got real stuff behind their claims and who is just loud mouths. Release the Kraken

So in your mind, the one true Bitcoin is not the one with the most hashpower, but the one from the Core team?

You must have missed my thread about this issue in the Economics section

I strongly advise you to read it. My point is certainly beyond this seeming dilemma. Hash or horse power is irrelevant in this case. What's the purpose of all that might and power if ordinary users won't be interested in this new Bitcoin? That's what ultimately matters, and exchanges know that better than anyone else. Even if all mining pools leave and switch to new Bitcoin while Bitcoin users remain reluctant to this "Bitcoin", that will just mean time, effort and money down the drain on the miners' part. Miners certainly think themselves as indispensable or impossible to replace (or make it look so), but this is obviously not the case. Someone else will come and mine the old "genuine" bitcoins instead of them, so good riddance to these rogue miners. Though, I'm afraid, that they are not really going anywhere from Bitcoin

[Fobos2017]

Hi folks can someone tell me when this fucking fork will start ?

[lukew]

Hi folks can someone tell me when this fucking fork will start ?

And me

[jonald_fyookball]

We already know that Bitcoin Exchanges won't allow BU to usurp the throne and will treat it as an altcoin.
Maybe it is time to stop supporting Bitcoin Unlimited and/or set real consensus conditions for BU to take over

I strongly disagree and wish them to fork Bitcoin asap

They should certainly feel the pain. They wanted to compete with Bitcoin? Okay, no problem with that, there are a dozen of worthy altcoins which BU should first deal with. Just because it would share the bulk of blockchain with Bitcoin won't automatically make it the next Bitcoin. As to me, the main issue with BU is that they are not really going to fork Bitcoin, especially now when exchanges openly denounced it. Forking Bitcoin today will put an end to all this endless cheerleading and quickly decide on the matter who's got real stuff behind their claims and who is just loud mouths. Release the Kraken

So in your mind, the one true Bitcoin is not the one with the most hashpower, but the one from the Core team?

You must have missed my thread about this issue in the Economics section

I strongly advise you to read it. My point is certainly beyond this seeming dilemma. Hash or horse power is irrelevant in this case. What's the purpose of all that might and power if ordinary users won't be interested in this new Bitcoin? That's what ultimately matters, and exchanges know that better than anyone else. Even if all mining pools leave and switch to new Bitcoin while Bitcoin users remain reluctant to this "Bitcoin", that will just mean time, effort and money down the drain on the miners' part. Miners certainly think themselves as indispensable or impossible to replace (or make it look so), but this is obviously not the case. Someone else will come and mine the old "genuine" bitcoins instead of them, so good riddance to these rogue miners. Though, I'm afraid, that they are not really going anywhere from Bitcoin

I agree its not just hashpower but economic power as the miners must have someone to sell to.

Exchanges giving ticker symbol BTC to 1mb is bad for BU but i don't think it will stop the exodus.

[coolcoinz]

Hi folks can someone tell me when this fucking fork will start ?

And me

There's no date. It can happen or not, right now BU is:
1. Bugged and not ready to take over even if it were supported by the majority
2. Not supported by the majority

Now this can change in the matter of weeks or months or it may never... I personally think it should happen, but when the upgraded version is 100% safe and stable and it doesn't have to be the version pushed by Ver and his colleagues.

[deisik]

We already know that Bitcoin Exchanges won't allow BU to usurp the throne and will treat it as an altcoin.
Maybe it is time to stop supporting Bitcoin Unlimited and/or set real consensus conditions for BU to take over

I strongly disagree and wish them to fork Bitcoin asap

They should certainly feel the pain. They wanted to compete with Bitcoin? Okay, no problem with that, there are a dozen of worthy altcoins which BU should first deal with. Just because it would share the bulk of blockchain with Bitcoin won't automatically make it the next Bitcoin. As to me, the main issue with BU is that they are not really going to fork Bitcoin, especially now when exchanges openly denounced it. Forking Bitcoin today will put an end to all this endless cheerleading and quickly decide on the matter who's got real stuff behind their claims and who is just loud mouths. Release the Kraken

So in your mind, the one true Bitcoin is not the one with the most hashpower, but the one from the Core team?

You must have missed my thread about this issue in the Economics section

I strongly advise you to read it. My point is certainly beyond this seeming dilemma. Hash or horse power is irrelevant in this case. What's the purpose of all that might and power if ordinary users won't be interested in this new Bitcoin? That's what ultimately matters, and exchanges know that better than anyone else. Even if all mining pools leave and switch to new Bitcoin while Bitcoin users remain reluctant to this "Bitcoin", that will just mean time, effort and money down the drain on the miners' part. Miners certainly think themselves as indispensable or impossible to replace (or make it look so), but this is obviously not the case. Someone else will come and mine the old "genuine" bitcoins instead of them, so good riddance to these rogue miners. Though, I'm afraid, that they are not really going anywhere from Bitcoin

I agree its not just hashpower but economic power as the miners must have someone to sell to.

Exchanges giving ticker symbol BTC to 1mb is bad for BU but i don't think it will stop the exodus

Just in case, I'm all in, as I said above

The problem is that the mining pools which are allegedly supporting the BU project have too much at stake and got too much to lose if this project is set to fail. Basically, they will lose all, and their place will get taken immediately. This is a great divide for them, a tipping point of sort. Obviously, they won't be able to sit on two chairs, it is either here or there. Personally, given the hefty profits they are earning right now with Bitcoin, I don't see any rational reason behind switching to something which has been openly declared as failure by folks which do matter in the grand scheme of things in the Bitcoin world (I refer to exchanges)

[Fobos2017]

Hi folks can someone tell me when this fucking fork will start ?

And me

There's no date. It can happen or not, right now BU is:
1. Bugged and not ready to take over even if it were supported by the majority
2. Not supported by the majority

Now this can change in the matter of weeks or months or it may never... I personally think it should happen, but when the upgraded version is 100% safe and stable and it doesn't have to be the version pushed by Ver and his colleagues.

Ok great man thx for all that info.

[Pab]

I have found good comments posting
Anyone know that BU is a joke and this the main reason that no one take it serious.
Even with support of the biggest miner no one can fork the network with this code.
The real problem and the root of this recent drama is the Lighting Network and miners fee market.
It is very clear now that miners or the most part of them afraid that if segwit activated they will lost their fee "launch". And ofcourse Lighting Network cant work proper without segwit.
The best solution for miners is BU because they can agree from time to time for the block size of network and always protect their fee market.
Unfortunately for them there is a serious problem in Bitcoin Unlimited and this is the main reason no one take them very serious.
The problem is that the code is completely broken full of flaws and it came from unskilled and non tech developer team.
The only solution for Bitcoin drama is all parts of bitcoin ecosystem miners, exchanges, startups, users to come together and find a win-win solution based on everyone economical interest.
Everyone must not forget that is very easy to Destroy something than to Built it.

BU has serious bugs,thay are not able to fix it
It all fraud btcchina is on the way

[jonald_fyookball]

BU has serious bugs,thay are not able to fix it

The last critical bug that caused nodes to go offline was fixed in about an hour.