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Author Topic: Why the Bitcoin UASF has already won in case of a hard fork  (Read 999 times)
ebliever
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May 30, 2017, 07:18:23 PM
 #21

True, but that doesn't change the economic reality: Who is going to favor the unscaled old chain when we  - finally - have new improved bitcoin with Segwit and the Lightning Network come August 1?

there'll be some seriously rich people, or a certain person, willing to prop it up for as long as possible. it would be fun to see how long he lasts.

the next couple of months are gonna be so fud and psyops heavy i think i might turn off my internet. it hasn't even started yet.

I agree about the last bit. About the first... I think the battle will be more lopsided that most expect. If Ver actually manages to enlist other known whales to oppose BIP148 I'll rethink that, but at this point I expect most whales, even if they don't go public about it, will wind up acting in support of BIP148 due to the reorg risk, and the end to the scaling debate that BIP148 success represents. That last point may be key - all the people who say they are sick and tired of this will see light at the end of the tunnel with BIP148, versus no end in sight if it fails.

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May 30, 2017, 08:18:33 PM
 #22

lol

so many people think its just a ver+jihan Vs the world..... (mega facepalm)

33% of pools hashpower accept segwit... not 67%.... 33%
even core fanboys only have a Satoshi:0.14.1(31.74%) uptake of staying uptodate.
even the ones that explicitly want segwit all cannot agree on UASF as the method.

those wanting segwit are not keeping upto date. thus dont expect uptopia.. expect drama of orphans and double spends

so come august 1st dont expect everyone to be changing over to the tier network

UASF is the worse way to try to force something in that not everyone wants..
if you think only 2 people dont want it. your deluded

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May 30, 2017, 08:28:57 PM
 #23


I agree about the last bit. About the first... I think the battle will be more lopsided that most expect. If Ver actually manages to enlist other known whales to oppose BIP148 I'll rethink that, but at this point I expect most whales, even if they don't go public about it, will wind up acting in support of BIP148 due to the reorg risk, and the end to the scaling debate that BIP148 success represents. That last point may be key - all the people who say they are sick and tired of this will see light at the end of the tunnel with BIP148, versus no end in sight if it fails.


There's no relevant miners that post here. You're wasting your time parading around useless bluffs like this, and even if they were, they see right through that childish game.

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jonald_fyookball
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May 30, 2017, 08:49:03 PM
 #24

If theres a network split everyone wins.  You blockstream fan boys can have fun on your segwit chain, ill be moving onto big blocks.

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May 30, 2017, 08:56:57 PM
 #25

Let a fork happen if need be. Nobody should force others to use btc how they see fit, that kind of is the point of btc right? The whole.point is to allow users and miners to choose how to do things...

If big banks and corps are taking over, buy some mining gear or hasing power and put it into a pool you believe in. Everhone just sits around trying to convince jihan wu to do something. You dont need to!   You dont need him or his pool.



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Variogam
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May 30, 2017, 08:57:25 PM
 #26

The non-UASF chain gets reorganized out of existence once the UASF chain takes the lead in POW.

True. When UASF chain takes the lead in POW, the whole Bitcoin economy going to use it as Bitcoin after the reorg. But what you fail to realize, prior this, no sane business going to name some smaller chain POW as Bitcoin - they would risk legal problems. Also the Bitcoin economy is behind 2017 NY scalling agreement which brings both SegWit and very small blocksize increase. For the UASF chain to even get chance to attract miners and become Bitcoin, it needs to be tradeable at some altcoin exchange - but so far no name decided and no exchange ready to trade the UASF chain altcoin.
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May 30, 2017, 09:01:55 PM
 #27

True. When UASF chain takes the lead in POW, the whole Bitcoin economy going to use it as Bitcoin after the reorg. But what you fail to realize, prior this, no sane business going to name some smaller chain POW as Bitcoin - they would risk legal problems. Also the Bitcoin economy is behind 2017 NY scalling agreement which brings both SegWit and very small blocksize increase. For the UASF chain to even get chance to attract miners and become Bitcoin, it needs to be tradeable at some altcoin exchange - but so far no name decided and no exchange ready to trade the UASF chain altcoin.

bitfinex are discussing it. all exchanges care about is making money and there'll be a whole lot of money to be made.

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mindrust
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May 30, 2017, 09:41:13 PM
 #28

If theres a network split everyone wins.  You blockstream fan boys can have fun on your segwit chain, ill be moving onto big blocks.

If you love big blocks so much, why are you keep posting in this forum and not at the Big Blocks Forum may i ask? I thought  BU fanboys had their own forums at https://forum.bitcoin.com/

Please take your bullshit and go. Your kind damaged bitcoin to the ground ETH is about to overtake because of your boss Jihan Wu and we all gonna lose in the end. Please gtfo.
jonald_fyookball
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May 30, 2017, 10:15:00 PM
 #29

If theres a network split everyone wins.  You blockstream fan boys can have fun on your segwit chain, ill be moving onto big blocks.

If you love big blocks so much, why are you keep posting in this forum and not at the Big Blocks Forum may i ask? I thought  BU fanboys had their own forums at https://forum.bitcoin.com/

Please take your bullshit and go. Your kind damaged bitcoin to the ground ETH is about to overtake because of your boss Jihan Wu and we all gonna lose in the end. Please gtfo.

Bitcoin was always supposed to have big blocks.  Read the whitepaper amigo

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May 30, 2017, 10:19:55 PM
 #30

***
Bitcoin was always supposed to have big blocks.  Read the whitepaper amigo

then blame satoshi for not implementing dynamic blocksize in coin design or blocksize progress with halvings.

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BitHodler
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May 30, 2017, 10:22:03 PM
 #31

ETH is about to overtake because of your boss Jihan Wu and we all gonna lose in the end. Please gtfo.
No. Ethereum gaining in price will not harm Bitcoin at all. Ethereum remains at these higher prices because there are lots of delusional people that continue buying insanely overpriced tokens.

Market cap and the price of Ethereum don't mean anything ~ actual usage does. As long as the Ethereum usage remains speculative, there is not much that will change.

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