Re: Why Does Anyone Think BTC Splitting into Two Will Make BU Go to the Moon?
If there will be network split, many will dump all their free BTU when it get listed which will just pump the real BTC to the moon.
BTU will be another dead cow instantly after getting listed as just another altcoin
BTU will be another dead cow instantly after getting listed as just another altcoin
How can you say that? The hard fork can't happen if Bitcoin Unlimited doesn't get at least 75% of the total hash power. And if it does there's only a possibility of a split if the supporters of Core continue mining their chain and become the minority.
So how can one say that BU has no value and should be dumped if it has the majority of hash power?
Exactly, 75% hash power is obtainable, they simply buy more miners, and refuse to sell miners to anyone who is against them. This may take a year or two, but when the prize is Bitcoin it is worth buggering up the blockhain for a couple of years.
BU is a centralize company who want to install a president of Bitcoin. It would not be resistant to government interference, Trump asks Bitcoin president for XYZ, then Trump gets it. (Also you could replace trump for an official of the Community Party of China). This is basically Visa or Mastercard and not Bitcoin. This is not what most people bought into.
Lastly BU has poor code, its code is not always reviewed or visible for others to check. All BU developers are paid by BU and number in the handful. All 100+ Core developers are volunteers (some are paid by MIT and Blockstream) but anyone can become a Core dev and help Bitcoin.