Quote from: shamzblueworld on March 24, 2017, 12:19:24 PM

Quote from: BillyBobZorton on March 24, 2017, 12:12:15 PM

Quote from: DrBitcoin on March 24, 2017, 12:00:41 PM

Let's all assume for a minute I'm a complete moron. Like just the biggest dummy that ever existed. I'll go so far as to say I have the mind of a toddler.

Now that we've established this...explain to me Bitcoin unlimited.

Will the Bitcoins I currently own lose their value or become useless? Can I buy Bitcoin unlimited like another alt coin?

I'm really a huge genius...but let's pretend just for his post I'm a complete and total moron and help me understand this please. Thanks.

Bitcoin Unlimited is a scam that tries to delude people into thinking they can get cheap and fast onchain transactions without no tradeoffs, and as we know, it aims for the low IQ people that cant see past fast and cheap.

Thanks for the answering(I was also looking for this.)
And now I'll even use the term ELI5, so is the current dump in bitcoin price due to that scam? People are actually selling their bitcoin and buying BU(if it can be bought at the moment) or ether or any other looking good alt like Dash?

its not an alt coin. BU is an implemtnation of bitcoin. it allows emergent consensus on blocksize. If a majority of hashpower forms consensus and some miners try to make a minority fork, the majority fork will be BU but its not seperat right now. you cannot buy "BTU" except as bogus futures contracts.