BU attack

[seradj0]

BUcoin chief "anti-split" protection is a 51% attack

[cellard]

The whole BU thing screams state-funded trojan horse to try to kill bitcoin. What they don't realize is, it has no real community support. Nobody wants a president of bitcoin, nobody wants to use their shitty software, nobody wants this mess except the paid miners and paid troll Roger Ver which has a trauma because he doesn't own the /r/bitcoin reddit and hates theymos. What a pathetic manchild.

The fact that those miners are voting for this nonsense and Roger Ver is allegedly taking that kamikaze bet, proves that the losses from doing this are irrelevant to them because they are getting paid bigly by china/whoever is behind this trojan horse.

[OgNasty]

proves that the losses from doing this are irrelevant to them because they are getting paid bigly by china/whoever is behind this trojan horse.

People with enough money don't crave more.  They crave power.  That is what this is about.

[NeuroticFish]

I'm curious what will happen when no exchange will accept (or nobody will buy) their newly mined BU-coins.
The current state doesn't help anybody. And instead of reasoning and discuss, they try the childish "I'll get my toys and leave"...

From what I see both SegWit and BU could use polishing (to say it nice).

[Sundark]

I'm curious what will happen when no exchange will accept (or nobody will buy) their newly mined BU-coins.
The current state doesn't help anybody. And instead of reasoning and discuss, they try the childish "I'll get my toys and leave"...

From what I see both SegWit and BU could use polishing (to say it nice).

Oh, they will buy BU, it's more than certain. Exchanges are money hungry businesses, they exist only to make profit.
Bitfinex is already offering Bitcoin Unlimited tokens for sale.
Chart analysis: https://www.cryptocoincharts.info/pair/bcu/usd/bitfinex BU is now worth about $300.

[Ayers]

why people are so idiotic to dump for this, and go for altcoin, that were proven to be much more unstable, this hard fork will not damage the market value but the investors yes, they are damaging it with their fud and panic sell for nothing, are all the investors be in the known about what this hard fork are for?

[leopard2]

is this for real? What is the source? Who wrote that?

That guy is proposing a DDOS attack against another blockchain  that is a conspiracy to commit a felony

Pretty much illegal everywhere in the world and some 10-20 years in prison under US law 

Imagine a bank would do this, or any software company or any company at all, threatening to DDOS a competing vendor as an "upgrade reminder"?  Insane!

Not even Vitalik proposed such a crime!!

[jonald_fyookball]

is this for real? What is the source? Who wrote that?

That guy is proposing a DDOS attack against another blockchain   that is a conspiracy to commit a felony

Pretty much illegal everywhere in the world and some 10-20 years in prison under US law  

Imagine a bank would do this, or any software company or any company at all, threatening to DDOS a competing vendor as an "upgrade reminder"?   Insane!

Not even Vitalik proposed such a crime!!

https://bitcointalk.org/index.php?topic=1840108.msg18310248#msg18310248

Bitpay and Coinbase seem to like the idea.

I'm not sure its a good idea...maybe just let the minority chain do its thing.

I'm also not sure that its actually an attack because orphaning minority chains
has always been part of Bitcoin and its not actually 'a competing vendor' or even another network.

In any event, the legal issues are a good point.  Peter should be careful because
Blockstream is very sleazy and backed by some very dark bankster forces.

[Iranus]

I'm curious what will happen when no exchange will accept (or nobody will buy) their newly mined BU-coins.
The current state doesn't help anybody. And instead of reasoning and discuss, they try the childish "I'll get my toys and leave"...

From what I see both SegWit and BU could use polishing (to say it nice).

Oh, they will buy BU, it's more than certain. Exchanges are money hungry businesses, they exist only to make profit.
Bitfinex is already offering Bitcoin Unlimited tokens for sale.
Chart analysis: https://www.cryptocoincharts.info/pair/bcu/usd/bitfinex BU is now worth about $300.

Bitfinex started selling them at 0.35 BTC per coin as I recall.  It's since dropped to about $270 per coin, which is about $60 less than 0.35 at current rates.  In other words, imaginary BU is collapsing before real BU even got the chance.  Surely people should see this as a sign that people are rightfully pessimistic about what the BU coin's usage will actually be?

[leopard2]

is this for real? What is the source? Who wrote that?

That guy is proposing a DDOS attack against another blockchain   that is a conspiracy to commit a felony

Pretty much illegal everywhere in the world and some 10-20 years in prison under US law  

Imagine a bank would do this, or any software company or any company at all, threatening to DDOS a competing vendor as an "upgrade reminder"?   Insane!

Not even Vitalik proposed such a crime!!

https://bitcointalk.org/index.php?topic=1840108.msg18310248#msg18310248

Bitpay and Coinbase seem to like the idea.

I'm not sure its a good idea...maybe just let the minority chain do its thing.

I'm also not sure that its actually an attack because orphaning minority chains
has always been part of Bitcoin and its not actually 'a competing vendor' or even another network.

well, those were minority chains of the same software and part of the design. But in the case of a hardfork, there are by definition, two competing software versions and these are really two different blockchains, like ETH and ETC, or BTC and PPC or NMC (same algo different chain).

Imagine alot of BTC owners waking up, and moving into PPC. BU people don't like it because PPC is partly POS, and BU people have less control.

If BTC miners were to attack PPC, to "orphan blocks" or "remind PPC users to upgrade to BU" I guess that would be illegal, period.

I cannot believe centralized ripple went up so much while PPC (amongst others) is still sleeping...

[Carlton Banks]

is this for real? What is the source? Who wrote that?

That guy is proposing a DDOS attack against another blockchain  that is a conspiracy to commit a felony

Pretty much illegal everywhere in the world and some 10-20 years in prison under US law 

If you're suggesting the law should protect us, you came to the wrong cypherpunk movement.


If you don't want all the "protection" on offer, the difference between what BU are doing and what the legal system dishes up won't seem so different. Tech should solve tech problems, even political or moral tech problems. If it can't, the tech wasn't good enough.

[Velkro]

The whole BU thing screams state-funded trojan horse to try to kill bitcoin. What they don't realize is, it has no real community support. Nobody wants a president of bitcoin, nobody wants to use their shitty software, nobody wants this mess except the paid miners and paid troll Roger Ver which has a trauma because he doesn't own the /r/bitcoin reddit and hates theymos. What a pathetic manchild.

Many sad and angry words. I agree with most of them sadly :|.
This is risky times for bitcoin, strong attack on network but im sure bitcoin will survive, how crippled in the process? We will see tho :|

[beerlover]

why people are so idiotic to dump for this, and go for altcoin, that were proven to be much more unstable, this hard fork will not damage the market value but the investors yes, they are damaging it with their fud and panic sell for nothing, are all the investors be in the known about what this hard fork are for?

I don’t get why people switching to altcoin all of the sudden I mean it is not the first time that the prices of the bitcoin has gone down, it is not the end of it is merely a small dump and will always go up, and I think alt coin traders are making an advantage of this promoting their markets in order to get people to invest more and make their prices go up.

[jonald_fyookball]

I don’t get why people switching to altcoin all of the sudden

Because this is the first time in history that Bitcoin actually started to become hard to use... Low confirmation times and high fees started happening more and more often... people said F*ck this.  I'm out.