Why not creating BTU as altcoin ?

[brunozisterer]

What is the reason that Bitcoin unlimited members don't creating their own Altcoin (BTU) ?
Then there wouldn't be a hardfork !

[Senor.Bla]

What is the reason that Bitcoin unlimited members don't creating their own Altcoin (BTU) ?
Then there wouldn't be a hardfork !

Because they don't want to be an Altcoin, they want to be Bitcoin and think that BU is Bitcoin. Bitcoin allows changes to its protocol and they see their change as such. Different developers and clients are ok. I learned that the longest valid chain and the biggest hashrate usually correspond. This is why they have a point to be the Bitcoin in case of a fork with over 50%.
Others view it as a attack where you gain +50% by playing by the rules and immediately after it changing the rules.
And frankly right now this is a political thing and both side sees the other one as threat to Bitcoin so they fight to "kill" the other idea/course of action.

[Hatcher]

Yup, except the exchanges already declared that BTU will be considered as an altcoin, so there's not really a lot of room for ambiguity at this point.

[Dendron]

This is because they want their changes applied to Bitcoin, they do not care of the altcoins, what they want is to fork Bitcoin.

[Creepings]

Roger Ver said himself that bitcoin is his life and all his money are into bitcoin. He spent his time with this so why will he move to other altcoin. You spent entirely your whole life in these, and obviously, you will not throw that away, you must help it to survive. And the fact that bitcoin is known in the world, if these is supported, it will be again popular.

[sportis]

What is the reason that Bitcoin unlimited members don't creating their own Altcoin (BTU) ?
Then there wouldn't be a hardfork !

Simply because of the network effect. That means bitcoin has value because people want it. If people reject bitcoin and go to the 'next big thing' then not only the price will collapse but and all the market in a short period too. So what miners do with all of these investments in machines and infrastructures? How do they pay their loans?  I found and share with you a well documented article which entitled as The 7 Network Effects of Bitcoin. To my point of view it is worth to take a look.

[pamparam]

Roger Ver said himself that bitcoin is his life and all his money are into bitcoin. He spent his time with this so why will he move to other altcoin. You spent entirely your whole life in these, and obviously, you will not throw that away, you must help it to survive. And the fact that bitcoin is known in the world, if these is supported, it will be again popular.

If he would trully love the BTC so much, he would find the solution to work with CORE developers. But sadly his love grown into something like totalitarianism where he sees himself as the king of BTC, so he wants absolute ruling power and also to triple his money in short run. This is just opposite from what the BTC should really look: decentralized peoples money.

[the rise]

What is the reason that Bitcoin unlimited members don't creating their own Altcoin (BTU) ?
Then there wouldn't be a hardfork !

Have you ever wondered what you would do if you have the qualities and potential to make bitcoin evolution as what is thought by roger ver and Jihan wu?

I will also do the same thing if it gets a lot of support from the miners, no matter what the price will be down for a while because eventually price will find a stable point. evolution and revolution requires sacrifice from the main system. altcoin will not establish a new concept of bitcoin. If you think bitcoin will be exhausted and abandoned by user, then the mind must begin with yourself. I'll stick with bitcoin whatever the circumstances, developer also will not give up so easily leave you.

[TastyChillySauce00]

If BTU is created as an altcoin, their efforts would be useless I guess. They're aiming to change bitcoin and not just creating another coin which is will definitely fail because people won't attracted to, and hey the genuine bitcoin is still there, why moving over?   .

[Chikito]

BTU is not a real threat to me, BTC is the founding father and still prevail in the use, I see Qtum and some altcoin is real ancamanya for BTC, but if you look at the BTC and some gambling sites, markets hardware, software, and curency still choose bitcoin. so I assume BTC will still have a hefty price.

[CraigWrightBTC]

What is the reason that Bitcoin unlimited members don't creating their own Altcoin (BTU) ?
Then there wouldn't be a hardfork !

I think they can not control bitcoin if BTU is altcoins, in my bad mind they are trying to change bitcoin
become fiat currency and first step they must blamed the miners of bitcoin,
so they can push the hard fork can be done then they can control the miners of bitcoin of course with bitcoin too.

[Juggy777]

It's simple if they will term it as alt coin they will loose their market, Bitcoin is already famous. They do not need to build a new market for it. People who will be new will buy bu, thinking it's is Bitcoins. Not all will be able to tell a difference and it is a sad scenario, that the community is so far divided on this issue. Had the community taken a stand things would have been different but sadly it's very difficult to know what will happen now. The exchanges have taken the right step and called it as a alt coin.

[hv_]

Have you ever seen a 'BTU' ?

Isnt this just a fiction?

Who init that ?


Aha - it s just a meta to divide and conquer...  FUD alert.

[paul gatt]

The nature of the BTU is the greed of the miners, so it is essentially an altcoins, it is like the other altcoins, it grows based on the core of bitcoin. It is a copy altcoin, and it is a shameful kind of money. It can grow based on bitcoin's reputation, but I think it can not grow strongly, people will gradually forget it. It caused an internal battle of bitcoin, which made the value of bitcoin decrease, and people felt hated it.

[hv_]

The nature of the BTU is the greed of the miners, so it is essentially an altcoins, it is like the other altcoins, it grows based on the core of bitcoin. It is a copy altcoin, and it is a shameful kind of money. It can grow based on bitcoin's reputation, but I think it can not grow strongly, people will gradually forget it. It caused an internal battle of bitcoin, which made the value of bitcoin decrease, and people felt hated it.

I m sure you ve forgotton about what bitcoin really is. It is a game stabelized by greed. We see just the track it was planned to be on.

[jonald_fyookball]

Yup, except the exchanges already declared that BTU will be considered as an altcoin, so there's not really a lot of room for ambiguity at this point.

Exchanges don't get to decide if its going to be an altcoin.  If the longest chain starts mining >1mb then it is what it is.  Somehow I don't think the miners will allow
the minority chain to retain the rights to the Bitcoin name.  The stakes are too high.

[deisik]

If BTU is created as an altcoin, their efforts would be useless I guess. They're aiming to change bitcoin and not just creating another coin which is will definitely fail because people won't attracted to, and hey the genuine bitcoin is still there, why moving over?  

That's the core point of all this debate

So, if BU is started like an altcoin, then it is set to fail, right? And what does it basically tell us? That it has essentially nothing to suggest to its potential users beyond what they already have with the old Bitcoin. As to me, this is flat-out ridiculous. If they actually did something monumental, they wouldn't give a fuck about a name or any connection with Bitcoin. They would fire it up and reap the profits of their technological (or whatever advantages. But there is just none, and that's hilarious

[deisik]

Yup, except the exchanges already declared that BTU will be considered as an altcoin, so there's not really a lot of room for ambiguity at this point.

Exchanges don't get to decide if its going to be an altcoin.  If the longest chain starts mining >1mb then it is what it is.  Somehow I don't think the miners will allow the minority chain to retain the rights to the Bitcoin name.  The stakes are too high.

Who are those miners really and why we should take them seriously?

If they want to fork, good riddance to them. Once they branch off (and this is a big once, so to speak), they sever all ties with the old Bitcoin apart from sharing the same blockchain until some point in the past. After all, it is them who is going to fork, so by definition they don't have any rights to the name. But ultimately, this is irrelevant since why would they ever want to retain the canonical name instead of just sticking to what they might ever want to choose for a name (Unlimited, Undisputed, or whatever). The answer is simple, they have basically nothing to offer and bring forward. It is all about money, not about innovation or improvement

[kurbeks]

Yup, except the exchanges already declared that BTU will be considered as an altcoin, so there's not really a lot of room for ambiguity at this point.

Exchanges don't get to decide if its going to be an altcoin.  If the longest chain starts mining >1mb then it is what it is.  Somehow I don't think the miners will allow
the minority chain to retain the rights to the Bitcoin name.  The stakes are too high.

Doesn't matter exchanges can still list longer chain as BTU and shorther as BTC. OR just change names. Longer chain BTU and shorther BTX

[Blawpaw]

 actually, see BTU has an attempt to go through a 51% attack to Bitcoin. IMO if this happens Bitcoin loses its credibility. So I do think that BTU should be considered as an altcoin...