BUgcoin strikes back

[amacar2]

How are these people supposed to create a legitimate running hard fork!? If we fork I'm selling all of my BTU for BTC.

Bitcoin is open source so anybody can play with its code and can create their own software, same goes for developers behind this Bugcoin (BTU). Actually there are many other alternative bitcoin clients developed by different developers but they need to be accepted by both node operators and bitcoin miners to reach consensus.

Recently this BTU (unlimited) have been in buzz because many miners have started to support them but it looks like their client is still not ready for adoption proved by all this repeating bugs.

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[jonald_fyookball]

BU is buggy right now.  Growing pains.  They need more mature process.

Guess what -- I still prefer it to Core.  Who cares how robust Core is when they want to change Bitcoin into something that's not even p2p electronic cash anymore.

Dude you can't be honestly still saying this is a good idea, a fucking closed source patch on what is supposed to replace Bitcoin? You have to be kidding me.

im sure its just a temporary patch and the fix will be open sourced soon

If it isn't temporary would that sway your opinion or would you stay loyal to the BU fork?

Code has to be open sourced, sure.   

Oh, Cmon man. Just admit that you were backing the wrong horse and be done with it. It is one thing standing up for principle and another losing everything because of it. The only reason why someone would openly support this crap, would be because they are paid shills or if they have no money invested in this and are just trolling.

I admit, Bitcoin Core is not the perfect solution, but it is way better than BU at this stage. ^hmmmmmm^

Not the perfect solution?  ANYTHING is better than Blockstream controlled Core.  Why else do you think 40% (and growing) of miners
are supporting BU , DESPITE all the bugs?

That said, I would back this: 
https://bitcoinec.info/

I don't like segwit, but I would compromise.

[Kakmakr]

BU is buggy right now.  Growing pains.  They need more mature process.

Guess what -- I still prefer it to Core.  Who cares how robust Core is when they want to change Bitcoin into something that's not even p2p electronic cash anymore.

Dude you can't be honestly still saying this is a good idea, a fucking closed source patch on what is supposed to replace Bitcoin? You have to be kidding me.

im sure its just a temporary patch and the fix will be open sourced soon

If it isn't temporary would that sway your opinion or would you stay loyal to the BU fork?

Code has to be open sourced, sure.  

Oh, Cmon man. Just admit that you were backing the wrong horse and be done with it. It is one thing standing up for principle and another losing everything because of it. The only reason why someone would openly support this crap, would be because they are paid shills or if they have no money invested in this and are just trolling.

I admit, Bitcoin Core is not the perfect solution, but it is way better than BU at this stage. ^hmmmmmm^

Not the perfect solution?  ANYTHING is better than Blockstream controlled Core.  Why else do you think 40% (and growing) of miners
are supporting BU , DESPITE all the bugs?

That said, I would back this:  
https://bitcoinec.info/

I don't like segwit, but I would compromise.

How many of that 40% are 2 or 3 big mining pools? You have to put yourself in their shoes for a moment. Someone is spamming the network with useless tx's and this is causing congestion. So what happens next? People start paying higher fees to get their tx's confirmed. The miners get these higher fees and smile all the way to the bank.

The longer they can draw this whole process out, the longer they get these higher fees.

SegWit and LN would eliminate these scenarios and this is why they are not supporting it. The BU solution is only a temporary fix and before we know it, we might end up with the same situations where fees are artificially pushed higher with "fake" congestion.

Would you not want to delay the process and keep the backdoor open for these situations to repeat in the future?

[Holliday]

Why else do you think 40% (and growing) of miners are supporting BU , DESPITE all the bugs?

The only miners are pool operators. They employ hash rate providers, who are generally only interested in short term profits. Hash rate providers have proven over and over again that they care nothing for the health of the network (neither do miners, for the most part).

So, 40% of twenty guys are signaling BU. Those miners apparently want more control than they already have.

They either don't realize they are cutting off their nose to spite their face, or they are playing the long game and trying to drive their competition out of the market. I'm not sure which.

[stdset]

BREAKING: BU developers release closed source patch because they are too incompetent to guarantee functional software.

Facepalm, who can take BU as something serious after such a fail?

[-ck]

BREAKING: BU developers release closed source patch because they are too incompetent to guarantee functional software.

Facepalm, who can take BU as something serious after such a fail?

The same people who were taking it seriously before are still taking it seriously now, which speaks volumes of their thought processes.

[muyuu]

At this point it seems like we need to weed out the dead wood.

It's not enough that they are defeated, they need OUT.

Classic, XT, BU, and if they simply are allowed to attack again with the same mining threat scheme they will do it again. It's free to do so and they don't get their blocks fucking orphaned as they should.

[spartacusrex]

. I dont trust BU dev they're not skillled enough.
 

and yet miners are choosing their software over Core anyway.  What does that tell you?

That they are as BrainWashed, Deluded and Ignorant as you ?

.. it's a real problem.

[AngryDwarf]

Until they get there act together I will be running an alternative node.

[jonald_fyookball]

Why else do you think 40% (and growing) of miners are supporting BU , DESPITE all the bugs?

The only miners are pool operators. They employ hash rate providers, who are generally only interested in short term profits. Hash rate providers have proven over and over again that they care nothing for the health of the network (neither do miners, for the most part).

So, 40% of twenty guys are signaling BU. Those miners apparently want more control than they already have.

They either don't realize they are cutting off their nose to spite their face, or they are playing the long game and trying to drive their competition out of the market. I'm not sure which.

Sorry Holliday, I don't think you can blame this on hash rate providers choosing larger pools.  Maybe that's a small factor.  But, everyone is very passionate about Bitcoin and is voting with their feet.
Y'all can think miners are stupid, brainwashed, or whatever.  I see the situation as the market rejecting the software Core is offering.

[Mobilecasinos24]

This just temporary fall of bitcoin. This kind of thing already happened and the first time I experience this kind of fall I got panic. Sold half of what I owned and after a few days it began to spike again upwards. If you see a fall buy as many as you can because it will surely recover in no time and its value will be even greater than its previous high.

[spartacusrex]

Why else do you think 40% (and growing) of miners are supporting BU , DESPITE all the bugs?

The only miners are pool operators. They employ hash rate providers, who are generally only interested in short term profits. Hash rate providers have proven over and over again that they care nothing for the health of the network (neither do miners, for the most part).

So, 40% of twenty guys are signaling BU. Those miners apparently want more control than they already have.

They either don't realize they are cutting off their nose to spite their face, or they are playing the long game and trying to drive their competition out of the market. I'm not sure which.

Sorry Holliday, I don't think you can blame this on hash rate providers choosing larger pools.  Maybe that's a small factor.  But, everyone is very passionate about Bitcoin and is voting with their feet.
Y'all can think miners are stupid, brainwashed, or whatever.  I see the situation as the market rejecting the software Core is offering.

No Johnny.

You don't get to sit on your moral high ground saying - 'oh.. I'm just going along with the market in rejecting CORE! Haha!'

You're pushing a CLEARLY sub-standard version of Bitcoin, that has MAJOR ramifications for security and decentralisation.

You're ignoring all the Alarm bells as nodes crash left right and center, and pretend this isn't UNACCEPTABLE.

You're shrugging off the $5 billion market cap loss since this crap started, when BEFORE the market shrugged of an ETF rejection as if it were nothing.

We are literally on the cusp of billions of txns/second with multiple sidechain goodness, and you've said 'Fuck That.. I want 3 miners to control the network and that's all!' ( Because that's how many miners will be left once BU kicks in )

[European Central Bank]

and yet miners are choosing their software over Core anyway.  What does that tell you?

and all those miners are signalling using core's software. that tells us a bunch too.

[jonald_fyookball]

Why else do you think 40% (and growing) of miners are supporting BU , DESPITE all the bugs?

The only miners are pool operators. They employ hash rate providers, who are generally only interested in short term profits. Hash rate providers have proven over and over again that they care nothing for the health of the network (neither do miners, for the most part).

So, 40% of twenty guys are signaling BU. Those miners apparently want more control than they already have.

They either don't realize they are cutting off their nose to spite their face, or they are playing the long game and trying to drive their competition out of the market. I'm not sure which.

Sorry Holliday, I don't think you can blame this on hash rate providers choosing larger pools.  Maybe that's a small factor.  But, everyone is very passionate about Bitcoin and is voting with their feet.
Y'all can think miners are stupid, brainwashed, or whatever.  I see the situation as the market rejecting the software Core is offering.

No Johnny.

You don't get to sit on your moral high ground saying - 'oh.. I'm just going along with the market in rejecting CORE! Haha!'

You're pushing a CLEARLY sub-standard version of Bitcoin, that has MAJOR ramifications for security and decentralisation.

You're ignoring all the Alarm bells as nodes crash left right and center, and pretend this isn't UNACCEPTABLE.

You're shrugging off the $5 billion market cap loss since this crap started, when BEFORE the market shrugged of an ETF rejection as if it were nothing.

We are literally on the cusp of billions of txns/second with multiple sidechain goodness, and you've said 'Fuck That'.. i want 3 miners to control the network and that's all! ( Because that's how many miners will be left once BU kicks in )

Youre not a very good listener.   I said I would support bitcoinEC.  Not good enough for you? Not my problem.

[franky1]

You're pushing a CLEARLY sub-standard version of Bitcoin, that has MAJOR ramifications for security and decentralisation.

and then

i want 3 miners to control the [core] network and that's all! ( Because that's how many miners will be left [with core] once BU kicks in[with 17] )

sparta is happy with a more centralised mining network and cores more centralised TIER network

hypocrisy at its best.

core only want core nodes to be the upstream TIER of full validation nodes. leaving other implementations in a cess pool of down stream filtered, prunned, no witness, stripped block, half relay network.
where by people need to move funds to new keypairs that are incompatible and not validate to the cesspool of second tier nodes but blindly accepted due to a loophole.

dynamics can move the blocksize and bu, xt, classic bitcoinec and many other implementations can all work side by side as PEERS (core too if they just change a few lines of code)
all on the same level playing field (the actual definition of decentralised) of full validation. no need to strip data out or move users to new keypairs to achieve anything. things just move on

bu for instance has not been well peer reviewed because the cough independent cough devs are too far up gmaxwells ass that they wont independently review BU's tweaks to CORES original 0.12 code. they would rather attack it and say "no one spotted a bug that used to be in core but was patched in 0.13)

its funny when an cough independent cough dev prefers to shout its not been independently peer reviewed, rather than review it himself and help.. just makes himself look bad by admitting he is not independent

will everyone put ego's aside, forget which kings ass you wish to kiss and everyone actually start thinking about the network fundamentals.

[spartacusrex]

Youre not a very good listener.   I said I would support bitcoinEC.  Not good enough for you? Not my problem.

You post like 200 times a day and it's always the same. Who could listen to ALL that.

... RANT RANT RANT

You've. Lost. It. Franky. (Can't even debate with you anymore. Pointless.)

[Carlton Banks]

I said I would support bitcoinEC.  

Just admit it Jonald, for the 3rd time, it's dead.


It will die a 4th death also. Giving it a different name is getting a bit tired, y'know?



You know what never seems to die, no matter how hard people try?

Say it Jonald. Say the name of that which will not die. Say the name. Can you say it. Speak the name

[Holliday]

Why else do you think 40% (and growing) of miners are supporting BU , DESPITE all the bugs?

The only miners are pool operators. They employ hash rate providers, who are generally only interested in short term profits. Hash rate providers have proven over and over again that they care nothing for the health of the network (neither do miners, for the most part).

So, 40% of twenty guys are signaling BU. Those miners apparently want more control than they already have.

They either don't realize they are cutting off their nose to spite their face, or they are playing the long game and trying to drive their competition out of the market. I'm not sure which.

Sorry Holliday, I don't think you can blame this on hash rate providers choosing larger pools.  Maybe that's a small factor.  But, everyone is very passionate about Bitcoin and is voting with their feet.
Y'all can think miners are stupid, brainwashed, or whatever.  I see the situation as the market rejecting the software Core is offering.

That's not what I said. In my other post, which is what I have to assume you are referring to, I gave an example of something that happened in the past (multiple times) to provide evidence that hash rate providers do not consider the health of the Bitcoin network in their decision making. The very fact that they are hash rate providers mean they have given up their vote and rely on a pool operator (actual miner) to vote for them. They've taken a model which requires no trust and found a way to include it. They have to trust that the pool operator isn't just signaling one way but will vote another when the time comes.

You see the world colored by your preconceived notions, that's obvious to me.

[jonald_fyookball]

Why else do you think 40% (and growing) of miners are supporting BU , DESPITE all the bugs?

The only miners are pool operators. They employ hash rate providers, who are generally only interested in short term profits. Hash rate providers have proven over and over again that they care nothing for the health of the network (neither do miners, for the most part).

So, 40% of twenty guys are signaling BU. Those miners apparently want more control than they already have.

They either don't realize they are cutting off their nose to spite their face, or they are playing the long game and trying to drive their competition out of the market. I'm not sure which.

Sorry Holliday, I don't think you can blame this on hash rate providers choosing larger pools.  Maybe that's a small factor.  But, everyone is very passionate about Bitcoin and is voting with their feet.
Y'all can think miners are stupid, brainwashed, or whatever.  I see the situation as the market rejecting the software Core is offering.

That's not what I said. In my other post, which is what I have to assume you are referring to, I gave an example of something that happened in the past (multiple times) to provide evidence that hash rate providers do not consider the health of the Bitcoin network in their decision making.

Ok.   But when Ghash had 51%, the situation quickly corrected itself , which is evidence to the contrary of what you're saying.

The very fact that they are hash rate providers mean they have given up their vote and rely on a pool operator (actual miner) to vote for them.

I would say that "Actual miners" are the ones providing the hashing, not the pool.  Semantics aside, they haven't given up their vote at all as they can choose whatever pool they want.  If you're suggesting that they not moving to a new pool out of convenience, you are making an assumption, but to whatever degree it is true, you could say the same thing about the large number of node operators still on core.
 

[Qantona]

https://image.ibb.co/h1ahFa/lol.png

Nodes on free fall as we speak. Not even a week after they fuck up, they release a patch that fucks up once again. Totally safe to put your wealth in the hands of incompetent morons.

Code:

BU node version 1.0.1.1 on linux 64bit error: ERROR: ReadBlockFromDisk: OpenBlockFile failed for CBlockDiskPos(nFile=-1, nPos=0)

https://github.com/BitcoinUnlimited/BitcoinUnlimited/issues/386

This is why software is valued higher than any hashrate in the world. Anyone can press a button and run mining gear, few people in the world can develop and maintain something like bitcoin, which is extremely fragile and requires world-class coders, cryptographers, and engineers in the field.

Anyone still defending this trash is absolutely Insane. The losses would be on the billions if those idiots were in charge. The network effect crushed.

Can't wait to dump BUgcoin to double my BTC for free if kamizaze Jihan goes through with his cunning plan.