Bitmain announces plan to create altcoin if BIP148 succeeds

[chopstick]

Do you feel you are being censored here? You're sprouting your horseshit and people are free to agree with it, yet somehow no one does. Apart from the mentally disabled useful idiot Ver, there is no one with any significat amount of BTC that supports jihancoin. Lets just let the market decide, cant wait to sell my jihan altcoins.

You must be a new bitcoiner.

Supporting larger blocks is simply adhering to Satoshi's original vision, Large Blocks is not "jihancoin" it is simply scaling Bitcoin the way that it was originally intended. Using that kind of vocabulary only reveals yourself as either being New, Brainwashed or having Low intelligence, or possibly all three.

Anyone worth their salt knows that Blockstream are the ones attempting to fundamentally alter Bitcoin, and nothing is more worthy of being called an altcoin than the Astroturf'd UASF crapcoin. Segwit in itself is also a radical change, much more radical than simply increasing the blocksize.

Get off r/bitcoin and go read a book or something.

Satoshi's vision was not centralized control of Bitcoin under the thumb of a miner ripping off users, ignoring the entire development community and using secret mining techniques to destroy the competition. Get real.

Segwit has been implemented with no issue on many altcoins now, so your opposition to it is outdated and ludricrous. You're just trying to keep us all under Bitmain's thumb to keep paying high fees.

You are also being ignorant in pretending the UASF is connected to Core. They've been dragging their heels about it despite the chorus of calls from the community to support BIP148.

The *entire development community* or just some of them? A very significant part of the *development community* supports larger blocks.

Satoshi called for nodes that would eventually be hosted in datacenters. In his own words, "The eventual solution is to not care how big the blocksize gets." Crying about some mythical centralization is just a red herring to further your own personal agenda.

Then you pull the Bitmain card, which is ludicrous - Increasing the blocksize limit will result in lower fees.

As for Segwit, yeah I don't trust it because it was developed by BS/Core who have shown they are extremely Toxic and cannot be Trusted under any circumstances, Period. They reneged on the original HK agreement. They lie and they resort to censorship, which the OP - Theymos - has played a major part in. These tactics are not only dirty but it signals that there are some serious Ethical Failings over at Blockstream, and this is also a sign of weakness on their part.

If Segwit eventually gets activated, great. But it shouldn't be considered a blocksize increase on it's own (it's not) and it shouldn't be used as an excuse to Never increase the blocksize, which is clearly what Blockstream is gearing up to do.

Gavin called out Luke-jr for being a poisonous individual five and a half years ago in this thread here:

https://bitcointalk.org/index.php?topic=62037.180

Guess who's one of the biggest supporters of UASF over at Core? Haha. Gavin was right.

[25hashcoin]

Do you feel you are being censored here? You're sprouting your horseshit and people are free to agree with it, yet somehow no one does. Apart from the mentally disabled useful idiot Ver, there is no one with any significat amount of BTC that supports jihancoin. Lets just let the market decide, cant wait to sell my jihan altcoins.

You must be a new bitcoiner.

Supporting larger blocks is simply adhering to Satoshi's original vision, Large Blocks is not "jihancoin" it is simply scaling Bitcoin the way that it was originally intended. Using that kind of vocabulary only reveals yourself as either being New, Brainwashed or having Low intelligence, or possibly all three.

Anyone worth their salt knows that Blockstream are the ones attempting to fundamentally alter Bitcoin, and nothing is more worthy of being called an altcoin than the Astroturf'd UASF crapcoin. Segwit in itself is also a radical change, much more radical than simply increasing the blocksize.

Get off r/bitcoin and go read a book or something.

Ive been around longer than you have buddy. Not gonna waste time with refuting your BS, you buy your large-block altcoin, I'll buy the core one. Good luck.

Large-block altcoin. Wow. Yep - You are completely brainwashed.

There is no helping you people.

I genuinely feel bad for these people, especially as someone who used to buy into BlockstreamCores BS. And now you have Core/Blockstreamers urging people to dump the non uasf chain after the split. A lot of people are going to lose a lot of money if they follow peoples advice like Lukejrs. Feed sad for these lost users blindly following Blockstream and believing people like OP.

[mindrust]

Cool story, please sell your entire stash now, then.  I'll also be buying when it's cheaper, so I'll have my original coins I'm still hodling, plus the coins I buy on sale.  You'll just have the coins you bought on sale and a few more fiat IOUs.  We'll see who fares better in the long run.  I have no interest whatsoever in exchanging my crypto for cash or some pretend numbers on a bank's ATM.  I may well ride out the storm by daytrading some alts, but fuck fiat.  I would only ever exchange crypto directly for products/physical assets/services and even then only at the point where my purchasing power is huge.  I'm going looooooong on Bitcoin and burning through my fiat before it becomes worthless.

I am not selling too. I made that mistake before. Now i know. Bitcoin is for long term hold. No matter what happens. And UASF is a perfect chance to double your coins. If we get a Bitmaincoin HF, it is even better. More coins to dump, now we can triple our shares.

A lot better than selling for FIAT.

Long term holder and lurker here. Been in BTC since 2011 and I have been following the scaling debate closely for the past year.

Been here since 2011 and created an account just to write that BIP148 isn't the way to go. Not buying this, nice try Jonald.

[mmortal03]

Selling bitcoins before the split would be a wise decision any way you look at it. It is almost a certain that price will crash after the split (even if temporarily) or even before it (if it is really going to happen, due to insiders cashing out), so the risk is not worth it. If you don't know which camp to stick to, you can buy back both coins at cheaper price, and thus you would be better off overall than if you decided just to hold. I guess I won't have to explain where exactly your logic fails. It should be straightforward

There's an argument to be made that there could be a BTC supply shortage on exchanges prior to August 1st, due to a larger percentage of people pulling their bitcoins off into wallets they control. If that happens, but demand remains constant, you could see the price go higher. I'm currently bearish, but there might be an opportunity there for people willing to take the risk of keeping their bitcoins for sale on the exchanges nearer to August 1st.

[gentlemand]

There's an argument to be made that there could be a BTC supply shortage on exchanges prior to August 1st, due to a larger percentage of people pulling their bitcoins off into wallets they control. If that happens, but demand remains constant, you could see the price go higher. I'm currently bearish, but there might be an opportunity there for people willing to take the risk of keeping their bitcoins for sale on the exchanges nearer to August 1st.

Keeping your coins on an exchange may be your only chance to capitalise on multiple chains. It's quite possible one or more will be so painfully slow until a difficulty change that you won't be able to move them quickly enough. By that point it may all be over.

[coinsmanager]

No need for drama guys. Could someone simply state a technical reason why the core proposal would not be a good idea?

[mmortal03]

There's an argument to be made that there could be a BTC supply shortage on exchanges prior to August 1st, due to a larger percentage of people pulling their bitcoins off into wallets they control. If that happens, but demand remains constant, you could see the price go higher. I'm currently bearish, but there might be an opportunity there for people willing to take the risk of keeping their bitcoins for sale on the exchanges nearer to August 1st.

Keeping your coins on an exchange may be your only chance to capitalise on multiple chains. It's quite possible one or more will be so painfully slow until a difficulty change that you won't be able to move them quickly enough. By that point it may all be over.

That's true, too, as long as the exchange provides you with virtual bitcoins on both sides of the fork. It's not clear to me that every exchange will do so.

[Thatstinks]

So we are back to a BTU Coin?

[David Rabahy]

How can everyone be right when everyone is wrong?

Compromise or walk away from each other.

This whole thing comes down to who gets the legacy/brand.

Fight until everyone walks away from you.

[Weatherby]

Good to hear that we could see a network upgrade to rectify the issues we are facing right now,but what is the use of a shit coin someone creates just to go on with his ego,we already have more than enough shit coins to go through and it is all bull shit talk from bitmain just to see how much support they are getting if they come up up with an altcoin.

[25hashcoin]

Good to hear that we could see a network upgrade to rectify the issues we are facing right now,but what is the use of a shit coin someone creates just to go on with his ego,we already have more than enough shit coins to go through and it is all bull shit talk from bitmain just to see how much support they are getting if they come up up with an altcoin.

Don't be fooled. Only shitcoin will be the UASF one. Bitmains roadmap has majority support of the ecosystem.

[Cryo06]

Long term holder and lurker here. Been in BTC since 2011 and I have been following the scaling debate closely for the past year.

Been here since 2011 and created an account just to write that BIP148 isn't the way to go. Not buying this, nice try Jonald.

Thanks for proving my point.

[mindrust]

Long term holder and lurker here. Been in BTC since 2011 and I have been following the scaling debate closely for the past year.

Been here since 2011 and created an account just to write that BIP148 isn't the way to go. Not buying this, nice try Jonald.

Thanks for proving my point.

Comeback with your main account and say what you have to say... Only then maybe someone will take you more seriously. (I still doubt it tho) 

[25hashcoin]

Long term holder and lurker here. Been in BTC since 2011 and I have been following the scaling debate closely for the past year.

Been here since 2011 and created an account just to write that BIP148 isn't the way to go. Not buying this, nice try Jonald.

Thanks for proving my point.

I knew you would get attacked solely based on your account age. That's all they have. I appreciate you sharing your story, as I have had a similar experience. Core is being exposed at a rapid pace now.

[Cryo06]

Long term holder and lurker here. Been in BTC since 2011 and I have been following the scaling debate closely for the past year.

Been here since 2011 and created an account just to write that BIP148 isn't the way to go. Not buying this, nice try Jonald.

Thanks for proving my point.

Comeback with your main account and say what you have to say... Only then maybe someone will take you more seriously. (I still doubt it tho) 

This is my main account and I said what I had to say. Feel free to address my points or stop trolling.

This is exactly the kind of behavior that has turned the bitcoin community into a toxic environment, and why I haven't participated into other discussions before. I feel the scaling situation is reaching a tipping point and wanted to add my voice to the chorus, however insignificant you think it is.

The community can't reach consensus if there is no respectful communication between the opposing parties to begin with. Unfortunately I feel that we are past that point, and that both sides are to blame for the current deadlock situation.

[mindrust]

The community can't reach consensus if there is no respectful communication between the opposing parties to begin with. Unfortunately I feel that we are past that point, and that both sides are to blame for the current deadlock situation.

There isn't anything to communicate with Jihan shills.

They tell us they want 8mb blocks, we tell them that's no gud. They tell they will fork. We tell go ahead. They puss. They keep spam. They block our progress. We tell them if you want to fork, fork your mom. They refuse. We say, if you don't wanna fork, we can fork yer mom how abawt that? They refuse again.



There is no other option but FORCE them to fork now. 

[BillyBobZorton]

Do you feel you are being censored here? You're sprouting your horseshit and people are free to agree with it, yet somehow no one does. Apart from the mentally disabled useful idiot Ver, there is no one with any significat amount of BTC that supports jihancoin. Lets just let the market decide, cant wait to sell my jihan altcoins.

You must be a new bitcoiner.

Supporting larger blocks is simply adhering to Satoshi's original vision, Large Blocks is not "jihancoin" it is simply scaling Bitcoin the way that it was originally intended. Using that kind of vocabulary only reveals yourself as either being New, Brainwashed or having Low intelligence, or possibly all three.

Anyone worth their salt knows that Blockstream are the ones attempting to fundamentally alter Bitcoin, and nothing is more worthy of being called an altcoin than the Astroturf'd UASF crapcoin. Segwit in itself is also a radical change, much more radical than simply increasing the blocksize.

Get off r/bitcoin and go read a book or something.

Satoshi talked about digital cash. You can't have digital cash with corporations running the nodes. Satoshi was wrong, he failed to predict the current situation. Bitcoin loses its store-of-value properties with a large blocksize.

Most people with real money invested in bitcoin don't care about whatever "satoshi's original vision" was. They understand being able to run nodes is a priority.

Good luck with premined ChinaCoin if that's what you want.

[franky1]

Satoshi talked about digital cash. You can't have digital cash with corporations running the nodes. Satoshi was wrong, he failed to predict the current situation. Bitcoin loses its store-of-value properties with a large blocksize.

Most people with real money invested in bitcoin don't care about whatever "satoshi's original vision" was. They understand being able to run nodes is a priority.

you can have digital cash without corporate control... growth via NODES (dynamics) means nodes display what they can handle and pools follow the consensus..

there is no "gigabytes by midnight causing datacentres" debate .. you have been hypnotised into that FUD

you have been brain washed that the BScore-porate control is the only way..

all the segwit imps and bips
gavin+garzig(BLOQ->DCG)
baryysilbert(dcg)
core(blockstream->DCG)
uasf(samson/lerner->DCG)

are all the same BS

BS= blockstream, B*ll S*it, barry silbert...  its all the same BScartel

goodluck with you BScoin

[The One]

Do you feel you are being censored here? You're sprouting your horseshit and people are free to agree with it, yet somehow no one does. Apart from the mentally disabled useful idiot Ver, there is no one with any significat amount of BTC that supports jihancoin. Lets just let the market decide, cant wait to sell my jihan altcoins.

You must be a new bitcoiner.

Supporting larger blocks is simply adhering to Satoshi's original vision, Large Blocks is not "jihancoin" it is simply scaling Bitcoin the way that it was originally intended. Using that kind of vocabulary only reveals yourself as either being New, Brainwashed or having Low intelligence, or possibly all three.

Anyone worth their salt knows that Blockstream are the ones attempting to fundamentally alter Bitcoin, and nothing is more worthy of being called an altcoin than the Astroturf'd UASF crapcoin. Segwit in itself is also a radical change, much more radical than simply increasing the blocksize.

Get off r/bitcoin and go read a book or something.

Satoshi talked about digital cash. You can't have digital cash with corporations running the nodes. Satoshi was wrong, he failed to predict the current situation. Bitcoin loses its store-of-value properties with a large blocksize.

Most people with real money invested in bitcoin don't care about whatever "satoshi's original vision" was. They understand being able to run nodes is a priority.

Good luck with premined ChinaCoin if that's what you want.

Satoshi wasn't wrong when one's reads "between the line." The current situation prevents anyone from trying to change digital cash into something else without consensus, thus working as intended. Corporation isn't running nodes. There is a way to alleviate and increase the number of nodes to prevent centralisation but it seems no one is listening. It is either Core's way or no way.


Please stop being stupid, this is fuding at its worse.

Irrelevant and wrong again. Satoshi's original vision still stands and short-term speculators are of no interest to me.

[HaXX0R1337]

Good luck with premined ChinaCoin if that's what you want.

That is what i am expecting with them if they are planning to create a new coin,they will premine and make trillions with it but who will be investing in it. This is a real threat by them and we now have a date on how things might go in the bitcoin world,i am not sure whether this will be a thing to be worried as the uncertainty increases how will the market react to these news,i think there will be a correction because i am sure people will panic .