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Author Topic: [2017-03-25] Bitcoin Unlimited Derivative Introduced Ahead of Possible Hard Fork  (Read 175 times)
bitlamp
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March 27, 2017, 05:47:05 AM
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https://cointelegraph.com/images/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9kNTAwMjc4YTQyZWM5OGEzYTRkYzk2NmQ5M2I3ZmUwMi5qcGc=.jpg

Cryptocurrency exchange Hitbtc.com has announced the launch of Bitcoin Unlimited (BTU) balances and trading pairs, betting on the possibility of a BU hard fork.

In its announcement, HitBTC claims that a Bitcoin Unlimited hard fork, followed by a network split, is “one of the possible outcomes,” due to the high congestion that the Bitcoin network has been experiencing over the past months.

Ahead of the possible network split, the exchange wants to “provide [its users] with the tools for avoiding any risk.”

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All users who have had Bitcoins deposited to their accounts, as well as all new depositors, are given a BTU balance, credited with an equivalent amount of BTU coins. BTC/BTU pair is already available for trading on the exchange.

Given the fact that the BTU network itself is not live yet, the customers are using a derivative, which will be automatically converted into BTU coins if and when a network split takes place.

The exchange has put all Bitcoin withdrawals on hold for at least one week, highlighting the need to protect their users’ funds from potential replay attacks in case of a network split.

https://cointelegraph.com/news/bitcoin-unlimited-derivative-introduced-ahead-of-possible-hard-fork
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March 27, 2017, 05:49:36 AM
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These are only speculative tokens.

They do not really mean anything right now. All traders have access to is the percentage of hash power in bitcoin unlimited and in core, as well as the nodes that are dedicated to each. They don't know when the hard fork is going to happen or if it is going to happen, for sure.

And also, Bitfinex has released BTU tokens before HitBTC did.

They would be literally useless and worthless if no hard fork happens... I wouldn't be buying into them.
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