RIP Bitcoin, better luck next time

[Jelly0621]

There's no next time for bitcoin, because bitcoin still alive and kicking right now. Though they say that there's a lot of supporters for BU but there is still a lot more supporters of Bitcoin that still holding their BTC and keep on believing that btc is the only one and never be replaced by any alt coins. 
Bitcoin wouldn't be dead because bitcoin is still the only one.

[Victorycoin]

I kept on wondering what is happening to our dear Bitcoin it had been falling in the past weeks all my bitcoins in my wallet had been dropping what could be use to stop the drop?or is this the end of bitcoin? let market forces let go back up.

Change has never come easy and price must be paid. Bitcoin is simply paying the price to consolidate on its dominance. Look beyond all those singing victory song, while the war is yet on the way, but it can only be over when it is all over. To confirm Bugcoin doesn't have a genuine course, threats of attack turned out their best foot forward - what cowardice!
 
I have always been apprehensive of China dominance over control of the hashrates and now this bad blood is no surprise. You guys can go ahead and make our day by dumping Bitcoin, it will be our pleasure to buy it all up again.

[Roboabhishek]

lol,
what it has to with that those 2 countries ?
None of these countries can control bitcoin and i know they want to take bitcoin down or access it's tx info but it's impossible.

[Pettuh4]

lol,
what it has to with that those 2 countries ?
None of these countries can control bitcoin and i know they want to take bitcoin down or access it's tx info but it's impossible.

I agree with you but in as much as they can't centralize and control Bitcoin we shouldn't be caught complacent of their actions but rather monitor them and resist everything that they try to set to have Bitcoin under their control.

[positivezero]

If Bitcoin is dead why'd you bother to register on bitcoin site, dumb newb?

Exactly! Really? who users would actually ask about the death of bitcoin, sounds strange  Well chill mate he don't actually know what he actually said. Even how low the price of bitcoin now, it wont happen that it will result to death. Can't he saw? that bitcoin now is more progressive, more famous in the market and even it is more secure that he think. So why bother,  just ignore what he said, it won't happen to bitcoin.

[robelneo]

So Satoshi Bitcoin will split to Chinese Bitcoin and Donald Trump Bitcoin.

If only core developers were capable/motivated/competent to find a solution to increase block size so that people can continue using bitcoin without paying ridiculous fees and insane confirmation time.
Anyways, if there is a split then BTC will not survive as BU needs 70% miner support and if there is 70% support, even less than 50% of those miners can do a 51% attack on BTC, so BTC will need to change their POW as they are planning now, at that point BTC will no longer be BTC but just another altcoin, and a technically inferior coin to many other altcoins.

So why wait for everything to fall apart when the only option is to choose an altcoin and start using it.
 

Seems you are a crazy supporter of altcoins.For your kind information,Bitcoin will remain alive and BU will disappear in the mean coarse of time.RIP Altcoins.

This is the biggest threat to bitcoin so far that I know,but I still believe bitcoin will emerge the winner in this scenario I'm sure the core developers will do something to counter this attack,bitcoin is still irreplaceable to me and majority feels the same way too..

[Ayiranorea]

So Satoshi Bitcoin will split to Chinese Bitcoin and Donald Trump Bitcoin.

If only core developers were capable/motivated/competent to find a solution to increase block size so that people can continue using bitcoin without paying ridiculous fees and insane confirmation time.
Anyways, if there is a split then BTC will not survive as BU needs 70% miner support and if there is 70% support, even less than 50% of those miners can do a 51% attack on BTC, so BTC will need to change their POW as they are planning now, at that point BTC will no longer be BTC but just another altcoin, and a technically inferior coin to many other altcoins.

So why wait for everything to fall apart when the only option is to choose an altcoin and start using it.
 

Seems you are a crazy supporter of altcoins.For your kind information,Bitcoin will remain alive and BU will disappear in the mean coarse of time.RIP Altcoins.

This is the biggest threat to bitcoin so far that I know,but I still believe bitcoin will emerge the winner in this scenario I'm sure the core developers will do something to counter this attack,bitcoin is still irreplaceable to me and majority feels the same way too..

The ongoing price drop looks like a threat, but I believe bitcoin will dominate the BU. Now I think with the ongoing situation bitcoin will soon get stabilized. I suggest a change in the thread heading RIP Bitcoin Unlimited.

[mr.mister]

So Satoshi Bitcoin will split to Chinese Bitcoin and Donald Trump Bitcoin.

If only core developers were capable/motivated/competent to find a solution to increase block size so that people can continue using bitcoin without paying ridiculous fees and insane confirmation time.
Anyways, if there is a split then BTC will not survive as BU needs 70% miner support and if there is 70% support, even less than 50% of those miners can do a 51% attack on BTC, so BTC will need to change their POW as they are planning now, at that point BTC will no longer be BTC but just another altcoin, and a technically inferior coin to many other altcoins.

So why wait for everything to fall apart when the only option is to choose an altcoin and start using it.
 

OP,  The alias you have chosen fits you perfectly well.

[minero1]

I kept on wondering what is happening to our dear Bitcoin it had been falling in the past weeks all my bitcoins in my wallet had been dropping what could be use to stop the drop?or is this the end of bitcoin? let market forces let go back up.

Change has never come easy and price must be paid. Bitcoin is simply paying the price to consolidate on its dominance. Look beyond all those singing victory song, while the war is yet on the way, but it can only be over when it is all over. To confirm Bugcoin doesn't have a genuine course, threats of attack turned out their best foot forward - what cowardice!
 
I have always been apprehensive of China dominance over control of the hashrates and now this bad blood is no surprise. You guys can go ahead and make our day by dumping Bitcoin, it will be our pleasure to buy it all up again.

lol,
what it has to with that those 2 countries ?
None of these countries can control bitcoin and i know they want to take bitcoin down or access it's tx info but it's impossible.

If the chains do split would the best thing to do is this!?:
Just give BCU to China and have them use that coin and their chain while the rest use the blockchain the way it is currently?

Why wouldn't it be the best thing to do this?

They deserve that and see how they can manage with it since they messed up the entire bitcoin fundamentals that it was created on in the first place with their exchange monopolizing the market and greedingly hoarding all the bitcoins being mined being distributed across the entire board.

They should be disciplined and this would be the best form of it. Have them start from trying to build bitcoin unlimited and their network and leave bitcoin for the rest of the world to evolve with cause the rest of the world wasn't as greedy in gaining wealth and money as them! We all want to see bitcoin grow and not become deformed with the path it was going on. It was getting ugly. And not this is the chance it has to split off and continue on it's own path and the Chinese deserve to have BTU and go on their own path with that.

If this is imposed then I am all for the hard fork and splitting off of the chain into two separate governing bodies.
It does after show change can happen when the stock market does this with share splitting when a huge company does the same when they get to big to handle it's exploding popularity of use. And is needed to be done or disaster will happen in the near future.

[FandangledGizmo]

Don't worry. miners learnt a valuable but painful lesson supporting BU.

BU mining support is going down as predicted, Segwit rising and as a result BTC is rising like a Phoenix as usual.  

[xmasdobo]

So Satoshi Bitcoin will split to Chinese Bitcoin and Donald Trump Bitcoin.

If only core developers were capable/motivated/competent to find a solution to increase block size so that people can continue using bitcoin without paying ridiculous fees and insane confirmation time.
Anyways, if there is a split then BTC will not survive as BU needs 70% miner support and if there is 70% support, even less than 50% of those miners can do a 51% attack on BTC, so BTC will need to change their POW as they are planning now, at that point BTC will no longer be BTC but just another altcoin, and a technically inferior coin to many other altcoins.

So why wait for everything to fall apart when the only option is to choose an altcoin and start using it.
 

^^^^ another idiot that sold at the bottom

[maku]

Yes, looks like BU is slowing down according to https://coin.dance/blocks

Interesting, the difference between SegWit and BU signalling is lower than ever. They are exactly 6% apart.
I wonder if that means that rising support of BU is finally over. Will we see reverse trend and SegWit will win soon?
There is still problem of too high numbers needed for SegWit's acceptance though.

[LeGaulois]

There have been a dozen of "finaldecline" and BTC is always, stronger each time. A fork is a potential issue, but ETH who suffered for a year seems to take "M.E.G.A.". (Make Eth Great Again)
To avoid a period of stagnation and the risk of the currency split, it would be better that they do not fork no concerted, and above all that there was no fighting. But anyway, it will survive. the danger for the BTC is elsewhere,

[Kemarit]

There have been a dozen of "finaldecline" and BTC is always, stronger each time. A fork is a potential issue, but ETH who suffered for a year seems to take "M.E.G.A.". (Make Eth Great Again)
To avoid a period of stagnation and the risk of the currency split, it would be better that they do not fork no concerted, and above all that there was no fighting. But anyway, it will survive. the danger for the BTC is elsewhere,

LOL. BTC is green again almost $1000 and ETH is red. So how do they say that RIP bitcoin? Bitcoin is rising again sorry to tell OP. Looks like its time to panic buying of bitcoin. Bitcoin has been crucified more than Jesus Christ but risen from the dead. The whole BU vs Core has diminishing effect on bitcoin price and Segwit has gained some momentum in their favor. A few weeks or months and we will see the price already at $1300 again. So go back and buy bitcoin and make good profit instead of spreading FUD here.

[DoomDumas]

Still more FUD..

Good for me, Im buying BTC those weeks


Bitcoin forever

[simpler2016]

When bitcoin split into 2, I don't think it's bad, as anyone who have bitcoin will have both new assets, with total value possibly no less than before.

No one likes the separation of the network. Everyone wants just to not have a fork. But if this happens, I would like bitcoin to remain the leader

[ImHash]

How are they going to change POW that won't end up making their own machines useless? what else can you mine with S9 or any other ASICs?
You gotta think like a pro business man, you need to eliminate any possible negative outcome of any major and serious action that you will going to make such actions like hard forking bitcoin with 70% of total hash power and basically start earning $5000-$50,000 daily instead of $500,000-$1,000,000/... would you do the same?
Core miners if remaining are 30% after the imaginary HF still got something worth dozens of millions as mining machines, why would they change the POW and even agree on it? looks like not every one really knows what open source means, you could run version 0.13 or 0.14 and continue mining and staying safe.

If POW compatible with ASIC was a bad idea they should've changed it immediately after the first miner came out, but having ASICs is good shows not everyone could jump on their chair and turn on their PCs and start mining, lol take a look at altcoins such as BERN or other coins which you could mine simply by your laptop.

[pixie85]

Yes, looks like BU is slowing down according to https://coin.dance/blocks

Interesting, the difference between SegWit and BU signalling is lower than ever. They are exactly 6% apart.
I wonder if that means that rising support of BU is finally over. Will we see reverse trend and SegWit will win soon?
There is still problem of too high numbers needed for SegWit's acceptance though.

I hope the support is over. Most of the support is from people who don't understand what it is about and those who are heavily invested in it.
Roger has put a lot of his coins to work on this project and it's in his interest to push it through, but we have to remember that he is just a face. There are many investors with full pockets standing behind him, people who think they can get rich on a fork.

[dinofelis]

Yes, looks like BU is slowing down according to https://coin.dance/blocks

Interesting, the difference between SegWit and BU signalling is lower than ever. They are exactly 6% apart.
I wonder if that means that rising support of BU is finally over. Will we see reverse trend and SegWit will win soon?
There is still problem of too high numbers needed for SegWit's acceptance though.

If you look (by sliding the mouse over the orange bars) you will see that there are both Segwit and BU blocks mined several big mining pools !  This is in agreement with my thesis that mining pools just want to keep status quo, and want to keep both antagonist forks away from consensus.  Which is exactly what immutability is about.

[LittleBitFunny]

lol,
what it has to with that those 2 countries ?
None of these countries can control bitcoin and i know they want to take bitcoin down or access it's tx info but it's impossible.

I agree with you but in as much as they can't centralize and control Bitcoin we shouldn't be caught complacent of their actions but rather monitor them and resist everything that they try to set to have Bitcoin under their control.

They very much can centralise and control Bitcoin.  As the whitepaper says:

If a majority of CPU power is controlled by honest nodes, the honest chain will grow the
fastest and outpace any competing chains. To modify a past block, an attacker would have to
redo the proof-of-work of the block and all blocks after it and then catch up with and surpass the
work of the honest nodes.

So, a collection of dishonest nodes would be more than capable of messing with Bitcoin if they collaborated - with the growing monopolies of allied forces working on BU they could easily carry out a 51% attack and if only a few people owned as much Bitcoin as everyone else it would be even more centralised than fiat currency from the start, which unfortunately is part of the problem with a currency that deflates so quickly.