My take on BU's long-term impact on the price of BTC

[nutildah]

The disclaimer is that I'm a core fan -- I believe bitcoin should remain named bitcoin and that all changes should be done within the system. Everything else is mutiny. Ergo, BTU will fall to the wayside, just as Classic and XT did after a bunch of crying and much ado about nothing.

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[HabBear]

Wonderful to hear. Now, don't bother telling us, tell the developers that are planning the mutiny! Tell the miners who are playing traitor in this game!

How do we get people to stop fussing about this mess?

[nutildah]

Wonderful to hear. Now, don't bother telling us, tell the developers that are planning the mutiny! Tell the miners who are playing traitor in this game!

How do we get people to stop fussing about this mess?

Actually it would seem that the BU scare is already coming to an end. The number of BU nodes seems to have topped off and the greatest extent of the push has been reached. I'd say this is a perfect time to buy bitcoin.

https://coin.dance/nodes/unlimited

[Slark]

Wonderful to hear. Now, don't bother telling us, tell the developers that are planning the mutiny! Tell the miners who are playing traitor in this game!

How do we get people to stop fussing about this mess?

Actually it would seem that the BU scare is already coming to an end. The number of BU nodes seems to have topped off and the greatest extent of the push has been reached. I'd say this is a perfect time to buy bitcoin.

https://coin.dance/nodes/unlimited

It was never about number of Nodes as they don't hold any serious power. We always had more than 75% nodes supporting Core.
Number of nodes is no determinant at all, the system we have now is focused on hashing power as only way to determine scaling solution.

So the real difference in BU vs. SegWit support is not that high: https://coin.dance/blocks merely 7 percent.

[gentlemand]

It was never about number of Nodes as they don't hold any serious power. We were always had more than 75% nodes supporting Core.
That is no determinant at all, the system we have now is focused on hashing power as only way to determine scaling solution.

So the real difference in BU vs. SegWit support is not that high: https://coin.dance/blocks merely 7 percent.

The real dark horse is the army of undecided. I would assume the undecided are stupid, lazy, perfectly content with things as they are or afraid. In all cases BU will be even more of a turn off than Segwit.

[hase0278]

The disclaimer is that I'm a core fan -- I believe bitcoin should remain named bitcoin and that all changes should be done within the system. Everything else is mutiny. Ergo, BTU will fall to the wayside, just as Classic and XT did after a bunch of crying and much ado about nothing.

In any case, my blog also has some decent beginner's guides to bot trading and arbitrage if you'd like to take a look. The main theme is hot to capitalize on BTC investment groups in the most prudent manner possible:

http://bitcoinautotradingreview.com/

Thanks for taking a look!

Ill go take a look it seems like bot trading and arbitrage is yet one interesting thing to do for me. I think too that BTU will fail and I think it is just a fud started by whales or something started just for them to buy cheap bitcoins. I think that Jihan wu himself is a whale in bitcoin which is why I think that he proposed BTU just to scare some new holders and for them to dump their coins so that he can buy cheap ones. I could be wrong since there is no real proof to what I said this is just my opinion but I might be right.

[ETCethereum]

until now bitcoin unlimited not release
not real coin, you can't withdraw bitcoin unlimited balance, so this now still not effect to bitcoin price

[zimmah]

I invested in bitcoin to get away from centralized banks, not to be controlled by it.

I don't want AXACoin, I want bitcoin.

A decentralized, P2P currency.

Bitcoin Core will turn it into a centralized settlement layer with 3rd parties.

Nothing of that is bitcoin.

[Omega Weapon]

The disclaimer is that I'm a core fan -- I believe bitcoin should remain named bitcoin and that all changes should be done within the system. Everything else is mutiny. Ergo, BTU will fall to the wayside, just as Classic and XT did after a bunch of crying and much ado about nothing.

In any case, my blog also has some decent beginner's guides to bot trading and arbitrage if you'd like to take a look. The main theme is hot to capitalize on BTC investment groups in the most prudent manner possible:

http://bitcoinautotradingreview.com/

Thanks for taking a look!

The price at the time I’m writing is close to 1200 so it seems we have finally got over the nasty rumor of a fork and finally the price has recovered , it has not reached the previous all time highs but we cannot ask that of bitcoin every day, don’t you think?

[Seansky]

The price at the time I’m writing is close to 1200 so it seems we have finally got over the nasty rumor of a fork and finally the price has recovered , it has not reached the previous all time highs but we cannot ask that of bitcoin every day, don’t you think?

We really have recovered from the last dump that happen and it is meant to happen after all BTU I think is made by Roger and Johan not just to earn more money but to get cheaper bitcoin themselves. I really do hope that it will get into an all time high again soon so that we can see bitcoin price reach new highs. This recovery in price just proved that bitcoin is strong now compared than 2013.

[el kaka22]

I invested in bitcoin to get away from centralized banks, not to be controlled by it.

I don't want AXACoin, I want bitcoin.

A decentralized, P2P currency.

Bitcoin Core will turn it into a centralized settlement layer with 3rd parties.

Nothing of that is bitcoin.

But segwit coming up with time being solutions and with no long term view on scaling capabilities ? One day or other we may be forced to hard fork by considering the adoption rates of bitcoins ? How long it will be possible to shrink the transactions further and further to make it enough to fit within 1 MB block itself ?

I just wonder why not segwit itself stand up for a long term solutions and empathizing that as a final solution to have one bitcoin system like adopt it or get out of business.

I guess this time segwit will win, but how long they can hold it.

[Ayers]

I invested in bitcoin to get away from centralized banks, not to be controlled by it.

I don't want AXACoin, I want bitcoin.

A decentralized, P2P currency.

Bitcoin Core will turn it into a centralized settlement layer with 3rd parties.

Nothing of that is bitcoin.

i see your point mate, and LN and other shit are not bitcoin to me too, blockstream also it's centralized crap, what iw ant is that everything is done with bitcoin alone, not any other party, in the bitcoin discussion, there are other proposal to the block solution, which don't go away from decentralization too much, it's called extension blocks

[JeffBrad12]

I invested in bitcoin to get away from centralized banks, not to be controlled by it.

I don't want AXACoin, I want bitcoin.

A decentralized, P2P currency.

Bitcoin Core will turn it into a centralized settlement layer with 3rd parties.

Nothing of that is bitcoin.

i see your point mate, and LN and other shit are not bitcoin to me too, blockstream also it's centralized crap, what iw ant is that everything is done with bitcoin alone, not any other party, in the bitcoin discussion, there are other proposal to the block solution, which don't go away from decentralization too much, it's called extension blocks

Extension block is an untested proposal, We have some tested proposal and why we need to go to the untested proposal? We are having SegWit become the successful proposal to be implemented on the bitcoin.

Can you tell the reason? We are not wanna waste our time just for an untested proposal.

Honestly, Extension blocks are supporting all of the features by SegWit and emergents consensus.

But there is a wrong thing, SegWit was offering the blocksize increase to 2MB.,

[Wind_FURY]

The disclaimer is that I'm a core fan -- I believe bitcoin should remain named bitcoin and that all changes should be done within the system. Everything else is mutiny. Ergo, BTU will fall to the wayside, just as Classic and XT did after a bunch of crying and much ado about nothing.

In any case, my blog also has some decent beginner's guides to bot trading and arbitrage if you'd like to take a look. The main theme is hot to capitalize on BTC investment groups in the most prudent manner possible:

http://bitcoinautotradingreview.com/

Thanks for taking a look!

I see what you did there.

Why not partly post your blog entries directly here in the forum and post the link in the end like what everyone is doing in the forum.

Anyway I will take a look at your blog later and then post what I think.

[york780]

BU is good for the homeless population : - D

[cellard]

I think this was all a coordinated plan to get the price back to sub $1000 so whales can buy. Same thing with LTC, they crashed the price so they can buy sub $10.

[Wind_FURY]

I think this was all a coordinated plan to get the price back to sub $1000 so whales can buy. Same thing with LTC, they crashed the price so they can buy sub $10.

I do not think so. The truth is slowly showing that there is a conspiracy with the miners and the Bitcoin Unlimited developers. Its like the Chinese miners have hired their own set of developers to take control and do with Bitcoin any roadmap they want.

[Denker]

I think this was all a coordinated plan to get the price back to sub $1000 so whales can buy. Same thing with LTC, they crashed the price so they can buy sub $10.

I do not think so. The truth is slowly showing that there is a conspiracy with the miners and the Bitcoin Unlimited developers. Its like the Chinese miners have hired their own set of developers to take control and do with Bitcoin any roadmap they want.

Well this is going to fail. Either we change the POW or UASF will be used to continue core's roadmap if they continue blocking SegWit.
If miners think they are the ones in charge they will have to learn it the hard way. Millions of $ in invested mining rigs and asic developemnt might be worthless soon.

[Omega Weapon]

I think this was all a coordinated plan to get the price back to sub $1000 so whales can buy. Same thing with LTC, they crashed the price so they can buy sub $10.

I do not think so. The truth is slowly showing that there is a conspiracy with the miners and the Bitcoin Unlimited developers. Its like the Chinese miners have hired their own set of developers to take control and do with Bitcoin any roadmap they want.

I think so too, it seems the miners are trying to take over the network, and while they are key to the existence of the network at all it is incorrect to think they are the only ones that matter, the average user is even more important because with us bitcoin is worthless.

[Wind_FURY]

I think this was all a coordinated plan to get the price back to sub $1000 so whales can buy. Same thing with LTC, they crashed the price so they can buy sub $10.

I do not think so. The truth is slowly showing that there is a conspiracy with the miners and the Bitcoin Unlimited developers. Its like the Chinese miners have hired their own set of developers to take control and do with Bitcoin any roadmap they want.

Well this is going to fail. Either we change the POW or UASF will be used to continue core's roadmap if they continue blocking SegWit.
If miners think they are the ones in charge they will have to learn it the hard way. Millions of $ in invested mining rigs and asic developemnt might be worthless soon.

Maybe but do not underestimate the Chinese miners. They will keep on fighting and try to fork the network away from the Core developers because Bitcoin is about the one which has more hash power securing the blockchain. They know they have some leverage on the network. They also know they have the financial power to attack the other chain if it comes to that.