When will BTC vs. BU be decided?

[HabBear]

There's certainly a lot of action building up on the market, waiting to explode (potentially). What's the decision date for the split that we should all be tracking toward?

Thanks.

[Amph]

no one know it's based on consensus, there are the chance that it will never be decided and remain in this state forever, if both part can't make their mind

or maybe it can happen in few week, it's not somethign that you can predict, even antpool who was the first supporting BU is not pointing all the miners there

for now if you are concerned about your investment just hold your coins, bitcoin won't lose its value much mor, i see the market is pretty stable now

[tk3609]

The same way BTC vs Bitcoin XT was decided, price will rise everyone is going to forget about stupid shit like forks.

[NeuroticFish]

I see a lot of FUD these days.
BU promised they will not deploy before 75% (I think it was 75%, but I'm not sure; it was a big % anyway) and now they threaten with 51% attack.
However, their support reached 39%+ and was thought to be unstoppable and .. surprise, their support decreased ~2% in ~2 days now. So even that is very far.

SegWit needs even higher percent to be deployed: 95%. Current support is under 30%


TL;DR While a lot of FUD was spread out, neither BU nor SegWit are close to be deployed.

[Denker]

I see a lot of FUD these days.
BU promised they will not deploy before 75% (I think it was 75%, but I'm not sure; it was a big % anyway) and now they threaten with 51% attack.
However, their support reached 39%+ and was thought to be unstoppable and .. surprise, their support decreased ~2% in ~2 days now. So even that is very far.

SegWit needs even higher percent to be deployed: 95%. Current support is under 30%


TL;DR While a lot of FUD was spread out, neither BU nor SegWit are close to be deployed.

Well there are other ways to get SegWit activated. UASF ist discussed at the moment and in development as far as I know.
And yes at the moment we stuck. And the FUD will probably continue.It's coming in in waves.
We'll see how the community deals with that circumstances and situation in the future.
But imo as long as this issue isn't finally solved I doubt we will moon to $2000 or even new ATHs this year.
And I think it's in the interest for all of us to finally find a solution.This ongoing debate/war since 2+ years now is really annoying.
Something has to happen.

[Hamliss]

The same way BTC vs Bitcoin XT was decided, price will rise everyone is going to forget about stupid shit like forks.

This time could be real that there will be a hard fork. The market wants bigger blocks to accommodate the larger transactions.

[york780]

The same way BTC vs Bitcoin XT was decided, price will rise everyone is going to forget about stupid shit like forks.

This time could be real that there will be a hard fork. The market wants bigger blocks to accommodate the larger transactions.

Yup we just dont know what it will do with the price.

[NeuroticFish]

The same way BTC vs Bitcoin XT was decided, price will rise everyone is going to forget about stupid shit like forks.

This time could be real that there will be a hard fork. The market wants bigger blocks to accommodate the larger transactions.

No. The market wants the transactions be cheap and fast. The market doesn't give a beep on the block size.
While BU promises to solve the bottleneck on the blockchain (bottleneck clearly created by spam attack and many voices are claiming it's actually BU supporters that spam attack the network and create that bottleneck!), BU will not make transactions faster and may make Bitcoin network more vulnerable.
I am not telling that SegWit is the best solution, but at least it looks like a more future-proof attempt.
Good solutions need time, not silly wars.

Now, whose account is this? You just prove my point about FUD.

[amacar2]

There's certainly a lot of action building up on the market, waiting to explode (potentially). What's the decision date for the split that we should all be tracking toward?

It totally depends upon the support from miners, actually if segwit get activated there will be no split of bitcoin network which is better than having two chains if unlimited get its activation point of 75% support which is very far from current support level.

[talkbitcoin]

if i wasn't 100% sure before that there will be NO FORK, i am 100% sure now.
i just read this myself on the wall observer topic so i am going to share it here also.

https://twitter.com/f2pool_wangchun/status/846266755391512577

with this we are sure that F2Pool which is one of the biggest mining pools out there, is not going to support BU and without them and many other miners who are not with them, we can safely add BU to Classic and XT and Unlimited,...

and as far as price is concerned we can expect $1200 pretty soon.

[alyssa85]

We don't know - depends on the miners, and they're a cartel with low accountability and low transparancy.

I honestly think the market wil get so fed-up with this, that they will switch to another coin. Ether is already at a third of bitcoin's marketcap.

[Emoclaw]

if i wasn't 100% sure before that there will be NO FORK, i am 100% sure now.
i just read this myself on the wall observer topic so i am going to share it here also.

https://twitter.com/f2pool_wangchun/status/846266755391512577

with this we are sure that F2Pool which is one of the biggest mining pools out there, is not going to support BU and without them and many other miners who are not with them, we can safely add BU to Classic and XT and Unlimited,...

and as far as price is concerned we can expect $1200 pretty soon.

You can't just safely add BU with Classic and XT when it has 38% support. It's just 13% shy of a 51% attack.
It's possible for something like this to happen again.

It's safe to say that neither side will reach its consensus target, so it will be interesting to see how things unfold in the coming months.

[zimmah]

BU is bitcoin.   


It's BU vs Core, not BU vs BTC.     

BU and Core both are both bitcoin right now, so it's unfair to call the one bitcoin and the other not.

In fact BU even has more hashrate, so if anything, BU is the real bitcoin right now.

[Seansky]

if i wasn't 100% sure before that there will be NO FORK, i am 100% sure now.
i just read this myself on the wall observer topic so i am going to share it here also.

https://twitter.com/f2pool_wangchun/status/846266755391512577

with this we are sure that F2Pool which is one of the biggest mining pools out there, is not going to support BU and without them and many other miners who are not with them, we can safely add BU to Classic and XT and Unlimited,...

and as far as price is concerned we can expect $1200 pretty soon.

You can't just safely add BU with Classic and XT when it has 38% support. It's just 13% shy of a 51% attack.
It's possible for something like this to happen again.

It's safe to say that neither side will reach its consensus target, so it will be interesting to see how things unfold in the coming months.

It will really be interesting in the coming months and probably we will see more fuds to be spread around. The market in my speculation will experience a bearish up and down market in terms of price in the next coming months which will be profitable for everyone, so let's watch the news closely as the BU vs Core war happens because I think this war against hard fork will drive the price in the next coming weeks.

[Teraboy]

BU is bitcoin.   


It's BU vs Core, not BU vs BTC.     

BU and Core both are both bitcoin right now, so it's unfair to call the one bitcoin and the other not.

In fact BU even has more hashrate, so if anything, BU is the real bitcoin right now.

BU vs Core is really bad drama in my life, that's give a lot of the impact for the market. This such BU coin will be the other shit coin if that will be got release in the future. totally crap BUllshit.

[mikenz]

if i wasn't 100% sure before that there will be NO FORK, i am 100% sure now.
i just read this myself on the wall observer topic so i am going to share it here also.

Come on! He just says there will be no fork without any reason. He doesn't point out why. He does not support SegWit. He does not say he won't switch to BU.
And his opinion on Core Devs you see a few lines below:

https://twitter.com/f2pool_wangchun/status/844726167575785472

[infofront]

if i wasn't 100% sure before that there will be NO FORK, i am 100% sure now.
i just read this myself on the wall observer topic so i am going to share it here also.

Come on! He just says there will be no fork without any reason. He doesn't point out why. He does not support SegWit. He does not say he won't switch to BU.
And his opinion on Core Devs you see a few lines below:

https://twitter.com/f2pool_wangchun/status/844726167575785472

It's possible to dislike the core devs, but dislike BU even more. In fact, I'd wager most of us are in that camp, to a certain extent.

[tk3609]

The same way BTC vs Bitcoin XT was decided, price will rise everyone is going to forget about stupid shit like forks.

This time could be real that there will be a hard fork. The market wants bigger blocks to accommodate the larger transactions.

No. The market wants the transactions be cheap and fast. The market doesn't give a beep on the block size.
While BU promises to solve the bottleneck on the blockchain (bottleneck clearly created by spam attack and many voices are claiming it's actually BU supporters that spam attack the network and create that bottleneck!), BU will not make transactions faster and may make Bitcoin network more vulnerable.
I am not telling that SegWit is the best solution, but at least it looks like a more future-proof attempt.
Good solutions need time, not silly wars.

Now, whose account is this? You just prove my point about FUD.

I could bite that theory, that they are spamming the network. Blockchain can proceed like half milion transactions a day and for me its more than enough. BU with cheaper transactions can also be spammed the same way, if not even easier and will create a lot of new problems. Lets face it, bitcoin is not a payment processor to buy pizzas, but rather a store of value and a hedge for falling governments. I also think that we don't need BTC to do everything and I'm happy if he had new crypto that would be great fast and cheap transaction processor and BTC would be a value to back it up.

[shannen87]

Every single thing on this planet changes, upgrades, whatever name it.
Why not accept BU? Because some folks are going to lose the capita?
Why don't they thing that we need faster, cheaper BTC transactions in the future?
For me it's 100% normal to switch to BU like in a decade we must change to the new BU version 2 and going on...

[tk3609]

Every single thing on this planet changes, upgrades, whatever name it.

Thats not a true statement. The things with most value are those that stand like a stone unchanged. The most expensive chocolate would be that one, thats reciepie does not change for hundreds of years and you, your grandfather and your grandchildren would eat a chocolate that tastes exactly the same.

If bitcoin defends from both segwit and bu, that should be a really good news and will attract long term investors.