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Author Topic: Why is Bitcoin Unlimited = China coin?  (Read 1410 times)
franky1
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April 02, 2017, 12:16:01 PM
 #21

P.S they were invited to attend t reach an agreement. and signing to agree on something. then they need to DO it.
They don't need to do anything considering that 1 party broke the agreement. Luke-jr ended up creating a HF proposal on his own.

1 party: yep luke did (in february. f2pool then went back to classic mining in march due to the agreement already being broke)

and lukes HF proposal was not a fair one that would have got consensus approval. he intentionally made a screwy one to poke the bear and just be an empty gesture.

its like asking a car mechanic to service a car. and the mechanic then proclaimes he is just the oil changer.
so he goes and changes the oil by putting vegetable cooking oil into the car and saying he did his job by 'changing the oil'

lauda.. stop defending core.. start thinking about bitcoin as a whole.

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April 02, 2017, 12:41:08 PM
 #22


its like asking a car mechanic to service a car. and the mechanic then proclaimes he is just the oil changer.
so he goes and changes the oil by putting vegetable cooking oil into the car and saying he did his job by 'changing the oil'



That's funny.

Now the car can be sold as a vehicle on renewable energy.


But why is f2pool so supportive of segwit now?


     
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April 03, 2017, 01:47:03 PM
 #23

I do not know where Bitcoin Unlimited comes from, but I like BTC or another coin, should not be separated!

Dorky
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April 03, 2017, 02:38:59 PM
 #24

Bitcoin is centralized by all those big miners, BlockStream. Bitcoin is slowly turning into a fiat model...stay safe.

I sincerely believe Bitcoin is slowly transitioning into the Mark of the Beast.

I am saying this with very high certainty (>90%) from continuous out-of-the-box thought process from what I continuously observe on the development around the Bitcoin industry and its link to human nature.

And it is with pretty high certainty too that the future of Bitcoin will focus on the theme of regulation and centralization.


     
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clickerz
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April 03, 2017, 03:20:50 PM
 #25

Bitcoin has political problems, not technical.

Well it could be possible its a political one. Also, Bitcoin is already established and no one wants someone to control it whether its an organization,another country or groups. Chinese influence maybe another factor to consider but still in the end, it is still the community can decide and which crypto to support.

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April 03, 2017, 04:51:00 PM
 #26

Bitcoin has political problems, not technical.

Well it could be possible its a political one. Also, Bitcoin is already established and no one wants someone to control it whether its an organization,another country or groups. Chinese influence maybe another factor to consider but still in the end, it is still the community can decide and which crypto to support.

I doubt if the politics are linked to countries, but rather the politics between developers. The Chinese has never had a bunch of developers running

the development side of Bitcoin, so they concentrated on the part where they have the technological advantage.... ASIC manufacturing and also

cheap electricity. The developers are fighting it out for control over the "code"  Roll Eyes

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April 03, 2017, 10:08:34 PM
 #27

I'm not a BU loyalist.  I'll support any implementation that allows big blocks and on chain scaling.

and no, segwit isn't meaningful onchain scaling in my view.

Decentralized on chain scaling is technologically impossible with PoW:

https://www.reddit.com/r/litecoin/comments/631ffe/pools_that_block_litecoin_development/dfr3weo/

If you actually understood the technology, then perhaps you'd change your position to something which can actually scale off chain.



The economic majority wins. Those who are buying LTC now are doing so because they want SegWit to be activated. Jihan Wu of Bitmain who is blocking SegWit on both LTC and BTC, created the new more efficient Scrypt miners, so I didn't realize this before. They could monopolize these in theory. So this fight might not be as easy as I thought. But the economic majority should win, unless it lacks resolve and/or patience. Already people are arbitraging and finding ways to rent hashrate in order to earn money and support SegWit. If you think the price is going up, you try to lock in a rental price that doesn't increase as the price rises, so you can profit. Others may be buying A4s if they want to maximize profits and believe the price will remain high (and going higher).

Jihan Wu needs to get his ass kicked economically so both Bitcoin and Litecoin can move forward.

It is most likely that BU is a diversionary lie. These miners simply want to gouge high fees on Bitcoin and block any alternatives. They were never going to fork with BU. It was a lie to prevent everyone from joining together to kick Jihan's ass.

If my health will improve or stabilize, my plan is to launch a Bitcoin Killer which doesn't require PoW (the design is already completed). I want to bankrupt all these miners. Their vested interests are a pain in the ass. We need to kick all their arses out into the street and turn their ASICs into door stops. I am talking long-term plan.

Those who are buying ASICs now, my plans are a year or more away from reaching any relevancy or size, so fear not. Buy A4s and profit.


Both you guys are obstructionist wolves in sheepskin. You pretend you want to make progress but you are intentionally stalling. Any one with a brain stem can see right through your deceit.

ProHashing is not signaling SegWit thus they are an obstructionist. Their words are meaningless. In a meritocracy only actions count.

"Talk is cheap, show me the code", wrote Linus Torvalds

Also it is quite clear that BU never intended to fork Bitcoin with that Buggy Unlimited piece-of-shit, because they know damn well the economics of Bitcoin are that the whales can and will destroy any miners who attempt to fork Bitcoin. I explained this in great detail on BCT.

BU is a lie and diversionary tactic in order to fool everyone. The real goal of Jihan Wu is to gouge maximize transaction fees from Bitcoin and block any alternatives for scaling. These obstructionists are block progress on both Bitcoin and Litecoin, because Bitcoin depends on Litecoin to add off chain scaling, because the whales of Bitcoin will never allow SegWit on Bitcon. Period. ProHashing by their actions is complicit. Words are meaningless.

Look at your conflicting statements:

Quote from: ProHashing pool
He states that we oppose Segregated Witness, which is true. We do not think that SegWit is the best course for bitcoin or litecoin.

Quote from: ProHashing pool
We do intend to implement SegWit

Quote from: ProHashing pool
A majority of customers have requested SegWit, so we plan to implement it.

Stalling. Deceit. An obstructionist wolf in sheepskin.

Quote from: ProHashing pool
the IRS doesn't move its deadline back because of SegWit, and we won't have any business at all if they come after us

Miners should leave such an incompetent company.

Whining in a forum about not being able to do your accounting at the same time you do your technical work.

Of course it is quite clear you are just lying and deceitful.
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