Andreas Antonopoulos has warned about Bitcoin Unlimited’s system of consensus and the dangers of a hard fork.
BU ‘Sets The Rulers’ But ‘Doesn’t Change Rules’
In his latest Q&A session at the Singapore Management University Bitcoin and Ethereum meetup, the veteran commentator highlighted how BU “doesn’t change the rules” but “sets the rulers, who will then get to change the rules.”
“…That is a very dangerous thing to do in Bitcoin, especially if it’s done as a contentious hard fork,” he said.
While Bitcoin’s best-known names have stated ever more explicitly on which side of the fence they fall, … Read the rest
The Bitcoin community is not enjoying their weekend, thus far, as the Bitcoin price continues to fall as the week comes to a close. Bitcoin value approaches $900 USD as a major player speaks on the forking turmoil.
Bitcoin Price Falls on Fork Fears
According to CoinMarketCap, Bitcoin price has fallen almost $350 over the last ten days, after reaching a low on Saturday of $904. This volatility follows a February showing nothing but gains, and a turbulent January, where Bitcoin price jumped to almost $1200 and then fell to almost $750 after regulators clamped down on China’s no-fee trading … Read the rest
In an increasingly growing market, Bitcoin market share dominance is fading every day of 2017. As market fears of a hard fork continue to fester, a manic Monday saw Bitcoin drop under $1,000, as altcoins grow stronger than ever before.
Why don’t we start with some good news first? The overall decentralized digital currency market has never been bigger and stronger, judged by market capitalization value
Roger Ver has received a pre-hard fork trade offer worth “up to” 130,000 bitcoins in a bargain receiving heavy publicity.
Ver: Up To 130k Trade ‘Sounds Like Great Deal’
According to a post of the Bitcointalk forum, a Bitcoin bagholder known as “Loaded” signed a message from a wallet containing 40,000 BTC.
In the message, Loaded challenges Ver to a one-to-one BTC/BTU trade in the event of a hard fork occurring.
“@RogerVer lets make a deal, 1 for 1 trade. At least 60k, possibly up to 130k, my BTU for your BTC,” the message reads.
“The offer is open to … Read the rest