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Author Topic: Will BU Fork Soon Rip the Network in Half?  (Read 3458 times)
Nagadota
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May 13, 2017, 09:03:05 PM
 #61

Can some one please explain to me what difference does it make for me with 15BTC in my addresses if the network running on Core or other versions? isn't this all topics about miners and their revenue?
What happens if we go with BU and fees keep going up and with delayed conformations?

What happens if I try to transfer 1BTC from my address to someone else if I use a BU node? will I be able to send without fee or low fees like 120sat/b?
Full nodes are just a form of wallet which uphold all the rules of the network.  It's hard to create a properly stable full node, as Satoshi pointed out in 2010, and the original version will usually be the most secure (for now). 

Your choice of node won't change the fees you have to pay because a hard fork hasn't happened yet.  Running a BU node would just be running an alternative implementation of the same network rules, which won't have been changed until BU has actually happened (if it does).

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May 14, 2017, 10:30:08 PM
 #62

I don't believe there will be a fork, I think one way or the other consensus will be reached. It will take a long time and it will be long overdue to fix the scaling issues experienced now but it will happen eventually.

I dont think we have "a long time".  I think it might already be holding the price rise back.
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May 15, 2017, 02:08:17 AM
 #63

You can all argue all you want for Bitcoin Unlimited. Everyone including the supporters of BU themselves know that the code and engineering the BU developers are creating is subpar. As a community we have a responsibility to tell everyone this fact. It would be a big mistake to trust those developers at BU.
No it wouldn't. Why everyone thinks that jumping to BU would be like a disaster for bitcoin? BU has a strong developers team and their idea to increase the block size limit is really logical, just look at the fees right now, who would use bitcoins daily right now when you have to pay a massive fee of nearly one dollar or even more to just send over a few cents over the network?

No they do not have a strong development team and their plan to increase block size by giving it for the miners to decide has its trade offs. The miners should serve the network not control the network to some certain degree. 

Quote
For me it just sounds ridiculous that's why I'm for BU, I'm fed up with all that core crap we need a big change here and now. Also segwit would be a huge loss for the miners which would mean that less and less people would be mining, thus bitcoin would become less decentralized.

Less and less miners? I would like to see some of the Chinese miners leave and see another more willing take their place.

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May 15, 2017, 02:50:03 AM
 #64

I don't believe there will be a fork, I think one way or the other consensus will be reached. It will take a long time and it will be long overdue to fix the scaling issues experienced now but it will happen eventually.

I dont think we have "a long time".  I think it might already be holding the price rise back.

If you can't see evidence of people getting frustrated, you're not paying attention. Core needs to remember: The customer is always right.

I'm grumpy!!
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May 15, 2017, 06:57:31 PM
 #65

I don't believe there will be a fork, I think one way or the other consensus will be reached. It will take a long time and it will be long overdue to fix the scaling issues experienced now but it will happen eventually.

I dont think we have "a long time".  I think it might already be holding the price rise back.

If you can't see evidence of people getting frustrated, you're not paying attention. Core needs to remember: The customer is always right.

I dont think Core cares. That could be the problem.
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May 15, 2017, 07:11:29 PM
 #66

I don't believe there will be a fork, I think one way or the other consensus will be reached. It will take a long time and it will be long overdue to fix the scaling issues experienced now but it will happen eventually.

I dont think we have "a long time".  I think it might already be holding the price rise back.
Come on, the price is rising like crazy. Just this month it gained close to 500USD in 2 weeks. Do you expect it to go faster, or what?
The fork won't happen, BU hasn't got enough support and it doesn't seem to be changing. If there's any update coming it will be Segwit, not BU, but I doubt any of them will get enough support, because people love to disagree and quarrel. We'll be sitting on our good old block size and complaining this time next year, you'll see.

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May 15, 2017, 07:21:34 PM
 #67

I don't believe there will be a fork, I think one way or the other consensus will be reached. It will take a long time and it will be long overdue to fix the scaling issues experienced now but it will happen eventually.

I dont think we have "a long time".  I think it might already be holding the price rise back.
Come on, the price is rising like crazy. Just this month it gained close to 500USD in 2 weeks. Do you expect it to go faster, or what?
The fork won't happen, BU hasn't got enough support and it doesn't seem to be changing. If there's any update coming it will be Segwit, not BU, but I doubt any of them will get enough support, because people love to disagree and quarrel. We'll be sitting on our good old block size and complaining this time next year, you'll see.


If bitcoin forked I believe every body would regret i for a very long time. Together we stand....
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May 16, 2017, 02:50:39 AM
 #68

I don't believe there will be a fork, I think one way or the other consensus will be reached. It will take a long time and it will be long overdue to fix the scaling issues experienced now but it will happen eventually.

I dont think we have "a long time".  I think it might already be holding the price rise back.

If you can't see evidence of people getting frustrated, you're not paying attention. Core needs to remember: The customer is always right.

The customer is always right? Who is the customer here? The users, the node operators or the merchants? Maybe it is the miners who should remember that the customer is always right because they decide if we activate Segwit or hard fork to BU.

Plus your "customer is always right" analysis is wrong. Core is not running a shop here. They are developing the Bitcoin network. Why should they listen to you. You can speak up by running a node.

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