I already commented this in the altcoin shitcoin SHT section:
I think we need to fork the bitcoin blockchain again called BTS (Bitcoin Shit). The first on Bitcointalk to think of Bitcoin Shit (BTS) inspired by SHT. Should be the SHT devs who get onto this, and make the best bitcoin fork on earth, that will promise the earth, and deliver shit. I see a new trend of 'alts' coming, which will be a fork of the original BTC blockchain and promise to be the new bitcoin. Lets just do unlimited size blocks, segwit 2x, AND equihash algorithm for fine asic resistance while we are at it. Add in a starting difficulty of '0' so everyone can get in there. Everything these 'forks' will promise yet screw up on.
We need to jump the Bitcoin Fork Crapcoin train. Imagine that? I can see 'forks' like BTG becoming more common, i can almost feel it now. CrapCoins have sunk to a new low, so we need to get in there! FREE COINS! YEAHHHH! I mean a PREMINE of BTG? Seriously?
I love how SHT has never died. I still have billions somewhere... Plus the block reward seems to go back up, messing with numbers. The endless stream of crapcoins grows faster than the worlds shit piles, but now they wish to take a shit on BTC too... Lets at least do it and be honest here...
I couldn't resist posting this.
I see a new trend of alts, and felt yet again that the dev of Shitcoin (SHT) had a great point making his coin, as i see a new trend of altcoins is coming.
I cannot deny Bitcoin NEEDs to have a fork which SCALES properly, but this needs to be done by competent people, not someone turning BTC into a crapcoin.
This endless high of transaction fees and difficulty getting funds to confirm needs to be dealt with. Many friends i was convincing of BTC now are no longer interested after this, and said if they must use digital cash, they would prefer Litecoin. Even I cannot deny it and am switching to Litecoin, and using BTC for long term storage. Even I cannot simply deny that its now unusable for £10 a week worth of article writing I do per client, with a £10 fee on top. Its ridiculous, and ludicrous and the last hardfork that was done really screwed up, there was a chance, a chance to get this right, and not only did it fail, it failed so badly that I am astonished. Price may be high, but thats not the only marker of a good currency, id rather it be stable and deflate than jumping all over the place.
But making endless BT(X) forks is useless and merely someone trying to cash in. A premine? Seriously?
But you will get people trying to invest and 'trade' these coins, just to make a profit, fueling the fire.
I say make a coin called Bitcoin Shit (BTS) to knock out all these forks before they happen, we need ONE serious hard fork, that will fix these slow transaction, and do it well, not just listening to a forum community and traders, but actual users of the coin, changing the consensus rules is a PITA in itself, we really had a chance this year to solve this problem
I am mining with GPUs on nicehash, and im wondering how much of my £60 mining profit is going to vanish for the miner fee as well. It just not sustainable, long term, and as more people use it, it just won't work in its current state. There isn't enough 'lanes' in this road, simply isn't enough. When I get paid out, i might just mine equihash directly and simply trade it for some Litecoin, as I need a digital currency thats usable for my business model. Stability is more important than me, or a gradual deflating, not this wild ride.
This is the unbiased part of me speaking, i can no longer defend this, after the SegWit fork I really had confidence this would be sorted, and im astounded as to the incompetence and greed I have seen over this whole thing, and these forks like BTG, that people ACTUALLY MINE in great numbers. Meanwhile, people who USE it for a currency, are sat for days waiting to get paid, or pay a high fee, i have paid £100 in miner fees worth, this month which has finalised my switch to Litecoin and NEM until this is dealt with.
BTC
LTC
NEM
ETH
ZCash
Monero
UNO
PPCoin (POS)
theres a few more, but these are the main ones that actually bought something new to the table that is usable, although a few of these may have scaling issues in the future. NEM is having a fork to upgrade TX capacity to 4000/sec, now we are talking. I don't even want to switch to BCH as i sense something is very up with it, i just feel its going to be a very manipulated market, more so than others.
