"Bitcoin" Unlimited is Already 100% Centralized

[plexasm]

To the few of you "Bitcoin" Unlimited supporters...

Have you not thought that BU is already centralized?

When BU forks, it's going to be controlled completely by the whims of Jihan Wu, who already expressed he really couldn't care less about the community's opinion about the direction of Bitcoin (http://www.newsbtc.com/2017/03/19/jihan-wu-wants-accelerate-bitcoin-unlimited-hard-fork-regardless-community-sentiment/).

Now an interesting question to ask yourself is: Do you think this chinese-native Jihan Wu may be influenced by the Chinese government? Hmm. If you have any common sense at all you've probably reached the correct answer.

So essentially what you're advocating for is the Chinese government to have massive control over the direction of BU. At best, you're willing to put Jihan Wu completely in control over the direction of BU.

So, that tells me that you really trust this guy. Besides ignoring the community, making decisions that blatantly benefit himself at the expense of the community, rushing into the fork with amateur developers... What makes you trust this guy so much?

This is the main reason I'm 100% confident that BU will be a failure when it forks. You're essentially asking investors to entrust their money with a man with a very poor reputation. If BU is successful, it will be a matter of time before Jihan is submissive to the Chinese government. Do you really think investors will not be concerned about the inevitable cooption of BU?

The mining is going to start by being 100% centralized. Thus the decisions are. Do you really think that a mining company is going to invest 50M+ to compete with the current hashrate of BU? Of course not. What you have is going to be a guaranteed centralized governance system.

You don't even need to get into the technical arguments to reach the conclusion that if you're for BU, you don't have much common sense.

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[franky1]

1. jihan has actual control of less than 16%
2. BU work with NODE and POOL consensus, the only group wanting bilateral splits is the core group should BU get a majority.
3. if it could be triggered at any % it would have already
4. bu has not made threats, has no bip9 orphan block code, no UASF ban node/orphan block code and no chang mining algo code.. thats all core crap
5. bu has been running for 2 years with no deadlines. no threatsand will continue waiting for bitcoin hard(node and pool) consensus to limit orphan risk
6. all i see is that jihan said "accelerate".. no threat. just maybe something like make a official date of some official voting event period

many people dont grasp the terms hard vs soft very well..
this is because the sheep script writers have only mentioned best case scenario of the umbrella term soft and worse case for hard. and falsely make it seem that those are the only two options

clarity

soft and hard is simply:
soft: pool only vote
hard: nodes and pools vote

below these umbrella terms is what could happen.. in both hard and soft it can either continue as one chain. or bilateral split
softfork: consensus - >94% pools no banning/ignoring of minority. result: small 5% orphan drama then one chain. minority unsynced and dead
softfork: controversial - >50% pools no banning/ignoring of minority. result: long big% orphan drama then one chain. minority unsynced and dead
softfork: bilateral split - intentionally ignoring/banning opposing rules and not including them. result: 2 chains

hardfork: consensus - >94% nodes, then >94% pools no banning/ignoring of minority. result: 5% orphan drama then one chain. minority unsynced / dead
hardfork: controversial - >50% nodes, then >50% pools no banning/ignoring of minority. result: big% orphan drama then one chain. minority unsynced / dead
hardfork: bilateral split - intentionally ignoring/banning opposing rules and not including them. result: 2 chains

the 20 exchange announcement was
if there was a CONTENTIOUS FORK (meaning controversial which then triggers core to open up their ban hammer) bu would be treated as the alt by not having majority..
but
if consensus occurs (the thing BU have in mind all along..) with BU having majority core actually becomes the altcoin.

bitfinex actually went into deeper detail
core having minority core = BCC
BU having minority bu=BCU
devil is in the details of the announcement... "contentious"
https://twitter.com/bitfinex/status/843226656940679170


once you get past the softbest:hardworse fatal flaw of FUD.. and realise that there are consensus options for both and split options for both.. things get clearer