The people that hold major hashing power are gonna go full Unlimited. This means there will be a huge dip, ETH will thrive and then the Unlimited nodes will gain control and we will go back to easy transactions and mass adoptions for Bitcoin and reach the moon.
What's your plans Veeky Forums, are you gonna dump and shill ETH or just buy the dip?
unlimited block size it's a bad development team pushing bad code recently their nodes had a vulnerability that shut 80% of them down until it was patched a month or so ago a BU miner tried to propagate an invalid block, it was dropped from the network It's basically a cheap fix to the blocksize issue pushed by a bad development team and shit posters sadly it might actually damage bitcoin until everything is settled the greedy miners don't want 2nd level transactions (segwit/LN) because they want all the transaction fees
Tyler Lopez
Chinks have no matter in price change faggot kys
Dylan Anderson
yeah chinese who are one of the biggest supporters of ecurrency have no effect the PBoC announcements have no effect the biggest ASIC chip producing country has no effect
sadly the chinese are a huge part of bitcoin which is why I do support algorithms that favor GPU miners, they're mining power is more distributed
Oliver Wilson
their ^ :/
Jayden Cook
>recently their nodes had a vulnerability that shut 80% of them down until it was patched >it was patched
More like >BU team patches it >Core dev sees the changes mentioned and posts it on twitter >people that hadnt updated are affected >claim BU is incompetent
oy vey good goyim, stick to the 1mb blocks and 5$ fees. Don't ask about the Roths financing Blockstream go- I mean Core developers! Also do not mention that the core devs told the chinese miners to fuck off and not give the coin any more value
Jason Lewis
>Also do not mention that the core devs told the chinese miners to fuck off and not give the coin any more value what is this about?
>oy vey good goyim, stick to the 1mb blocks and 5$ fees who's collecting those fees? the miners who's blocking segwit? the miners segwit is an upgrade to 1.7mb and 2nd level transactions so I'm not supporting what it is now
Carson Lee
>segwit is an upgrade to 1.7mb >1.7mb >and reduce miner profit ratio
so you want to kill bitcoin?
Camden Harris
the miners want to control the blocksize and block any competition for transaction verification blockstream was financing core developers because they probably see a future in 2nd level transaction verification if the miners have unlimited control they could also decide to change the inflation percentage through a hardfork
Hudson Richardson
it's going to be interesting to see what ratio is the most efficient making the blocksize bigger also reduces the the miner profit ratio
Aaron Hughes
You forgetting that the fucking value of BTC will go up sustaining profit ratio?
Connor Lewis
if segwit was put through it would incentivize groups to hold and create payment channels it's similar to what dash is doing with masternodes this most likely would result in the price going up
Andrew Ortiz
>Unlimited supporters will hard fork >BTC drops below $300 >BTUnlimited now tied even more closely to Chinese government >BTUnlimited becomes increasingly inefficient and insignificant >Japanese stay true to the BTC and their involvement (transactions for real goods and services) will be the deciding force which will lift BTC from mud
screencap this
David Smith
So what happens to the btc in my hardware wallet. How do i get BTU and BTC tokens, if this happens? Any of you have experience with ETH ETC Split?
Julian Lewis
As long as you hold the bitcoin "hardware wallet, cold wallet, etc" you will own coins on both chains coins tied up in exchanges and other bitcoin services gbtc a future etf will only own the bitcoin that the service decides
Adrian Kelly
The value won't go up with segwit?
Liam Ward
Do you mean that the japs will go segwit?
John Davis
I still am not sure how though, do I just receive the token of the off chain in a separate wallet?
Jacob Campbell
I'm not positive, but I would guess you would download the forked chain's software BU and recover your coins into a BU supported wallet while the original chain will function as normal
Michael Cruz
I dont understand the technical workings of bitcoin enough to have an opinion on this but is it true that the lightning network will allow bitcoin to handle transactions beyond visa levels? if thats the case then bitcoin really is the future.
Juan Carter
Your ownership of the coins is simply the knowledge of a large hexadecimal number. When you backup your wallet this is all that is really happening, sure the software facilitates this in some ways to make it easier (ie. electrum).
Which chain you use depends on which network you are connected to as the network has the final consensus. This is facilitated by the software. Your ownership is just one or more groups of people saying, "yes xyz number possesses 10 coins".
Obviously everything that happened pre-fork will be present on both chains, but from that point onward they will diverge.
Well technically a third group could rewrite block chain history and try to get people to use their chain instead.
>Which chain you use depends on which network you are connected to as the network has the final consensus. This is facilitated by the software. The software decides which network (servers) you are connecting to. So for simplicity you would basically just have two different wallets.
Jacob Wright
WHY DO THE CHINESE HAVE TO RUIN EVERYTHING FUCKING NIPS