I have only just started reading a little about BU. It seems to me that this is being blown out of proportion. Whichever party wins seems to just indicate the majority of the market will shift that direction, and whether BU takes over or BTC remains dominant won't really matter much.
For your rank and file bitcoin user, it won't actually represent any loss of value, it just seems to be a power play of the ultra rich. Even if hash power is concentrated in fewer hands, a 51% attack would still be prevented by simple self interest. Am I missing something?
How can you consider BU as an actual threat to bitcoin where in fact that BU will be separated to bitcoin and will continue to mine BTU. It is clear and and was defined by the major exchanges that soon BU and their codes will be serving BTU and Segwit code will be serving BTC. A split in bitcoin is approaching and we cannot stop it at this point of time.
And that is really the problem. They are new that is offering better services which can divide bitcoin holders.
There might be a big dump that could happen if they comfort in a new altcoin which is mimicking bitcoin.
The dump would be trying to exchange bitcoin to BU to use what they offer and that will be a new chaos to all the investor.
We are already divided with altcoins that are surrounding it and here comes a better competitor which we dont know if was planted by some government.