Re: BU Jihan wu : you don't matter at all

Quote from: seradj0 on March 31, 2017, 09:09:02 PM

Re: BU Jihan wu : you don't matter at all

Jihan Wu is correct (only the whales decide), but either he is just part of a disinformation campaign or he doesn't realize that he doesn't matter at all either w.r.t. forking Bitcoin:

Quote from: iamnotback on April 01, 2017, 09:10:08 PM

There are multiple implied messages in this April fool's prank.

1. That Bitcoin is a signaling mess, but Litecoin isn't.
2. That signaling on Bitcoin is a fool's errand, because Bitcoin will never fork because in finance the tail never wags the dog meaning that Satoshi cleverly designed the game theory such that Bitcoin can't fork.
3. That smart money should profit the most on this wisdom, so our ecosystem isn't in the control of fools. SegWit on Litecoin is now at 58% and climbing roughly 1% per hour. Activation at 75%.

Quote from: iamnotback on April 01, 2017, 09:36:33 PM

Who ever mines BU will lose all the money they spent on mining it. So that 50% threshold means nothing. Any fork of Bitcoin will be attacked ruthlessly by those who have enough resources to destroy any miners foolish enough to try.

The large miners/pools know this. The April's fool joke is on anyone who believes that signaling means anything on Bitcoin. It doesn't.