Confused: Is BTU coin an option still?

[Thatstinks]

Curious, I have seen a few fork options mentioned already, Bitcoin cash, Bitcoin Unlimited etc but I am confused if they are all the same people behind each or what?

Is Ver still pushing BTU?

Who is behind BTCC?

[Xavofat]

Bitcoin Unlimited is not happening.  It required 75% support from hashrate, and could only get approximately 45%.

Bitcoin Cash on the other hand will activate regardless of how much support it gets.  The idea is that people who support larger blocks can be on their own chain and do what they want, while people who don't remain on the legacy chain (or perhaps a 2MB fork of SegWitx2, but not particularly large blocks).  The economic majority will then decide which side is preferable.

So exchanges trading BTU futures are trading something that will never exist, just to rake in trading fees.  It's basically a scam from the exchanges (mainly just Bitfinex), to be frank.

As for Bitcoin Cash's developer team, here's what it says on their website:

Unlike the previous situation in Bitcoin, there is no one single development team for Bitcoin Cash.  There are now multiple independent teams of developers.

This decentralization of development (and decentralization of software implementations) is a much needed and important step forward.

[Thatstinks]

Thank you for the clarification.

[franky1]

bitcoin unlimited and other dynamic block concepts do not have a deadline date of august or november.

so even though there is some drama happening now about when segwit activates. does not mean that dynamic style proposals are dead.
they are continuing to do their own thing in the background waiting for consensus.

the funny part is people think august or november are finish point dates where all the problems are solved.
the activation of segwit is not the end of the drama.

after activation. people then need to wait around for actual nodes to support using the keypairs as wallets. and then get the merchants and explorer services to upgrade their software to display the new format of the keypairs.

yep most blockexplorers that display litecoins limited amount of segwit transactions in segwit blocks are not able to display the data clearly. and it seems no on is thinking about the logistics of it. they are too involved in the fud from reddit scripts that promise the world on one side and throw nukes at the other.

thats about as un biased as i can be on the matter.

[BillyBobZorton]

Well get segwit AND lightning network wallets implemented anywhere before any time of mainstream adoption is there to give us real blocksize problems. We've never had read blocksize problems, it was all fake spam. Nobody gives a shit about paying with bitcoin, most people are holders. So by the time people come we'll have LN. Segwit is going in already, so we are close to LN, in one year it will be working.

Dynamic blocksize solutions aren't solution, they don't work in practice, otherwise we would be doing it already.