A new blockchain of a creator who announces the project with the wrong encryption algorithm? Good joke, ähm, fake! BTW: Why forking the Bitcoin chain if you gonna change the algorithm/consensus rules? Why not simply create a new chain? Atomic trades, what is advertised here as the ultimate revolutionary change, also isn't something new. I'm really wondering what shall be advertized here. Is it a social experiment?

A “spelling mistake” between SHA-256 and Quark while creating an announcement on Bitcointalk for the crypto community! Nice explanation! With other words: The one who wrote the announcement has no idea what he's talking about! Including your whole fake department which is checking the announcement! You surely will come up with a similar explanation how you'll handle the deep hard fork in implementing a complete other algorithm in the blockchain as consensus rule, better to say: a mix of different encodings? There's absolutely no sense to build a complete new and different blockchain connected to a blockchain from a complete another encoding. Everyone who has a little knowledge in crypto related stuff knows that. Even implementing the last Bitcoin hash to the next blockheader would give a problem. You should finally reveal who's the author of this social experiment and how many potential victims you caught with this ridiculous campaign! Or is it a ridiculous attempt of crypto market manipulation in insisting the people to buy Bitcoins? PS: See my rating here!

Shall we ask Nataly Simson from Coinsbit if she got informed that you use her profile pic for your fake campaign? And why don't you try to create an Ethereum fork on top of the Bitcoin chain? I'm sure your "special department" would find a solution... 

What I found is this posting on Telegram from an admin of the Coinsbit Telegram group. There a low quality video is linked in 240 p. I was falling several times asleep when Nataly Simson finally started to talk about “BTCU” at 16 min 28 sec. Indeed she seems to be part of the game (well, I stopped the video a few seconds later). So I summarize: You're notifying about the idea of your “coin”, which you haven't gotten to run practical ever. Therefore you want to make a “fork” of the SHA 256 encoded Bitcoin blockchain (for which reason ever) and building a new blockchain with the Quark algorithm (together with a mix of other algorithms) on top of the SHA 256 encoded part from the previous Bitcoin chain. For that announcement you present a video on YouTube in the quality of the last century, and here on Bitcointalk you're advertising your idea, not your running chain, with logos from Forbes etc, hosted on a Russian picture platform (normally used from individuals to post the usual Facebook crap as the daily lunch and so on). But Forbes shall be one of hundreds other international clients. Further your “developing department” hired a marketing manager who confuses the algorithm of Bitcoin with the algorithm you want to build on top of Bitcoin. The reason for the nonsense fork isn't explained (of course the only reason is catching the Bitcoin users attention).

I still have no idea about the real goal of the whole theater, but it's clear that you're selling unlaid eggs, dreaming from the reinvention of the wheel and therefore trying to plant a cactus on a sawn-off tree stump. It's simply ridiculous and the whole thing was for sure the worst advertisement for the Estonian trading platform Coinsbit. Most likely you just want to manipulate the market and stir up the Bitcoin trades on your trading platform in initiating an hype. This is exactly the way how the market is being manipulated. I stand by my assessment of a fake campaign! I really wish you all the luck in the world, but please not in the crypto area!

You forgot to mention in your announcement what shall be the benefit in leasing your stakes to mining nodes (LPoS) instead of just forging yourself. Further you forgot to mention that proof of authority (PoA), where the authority nodes get determined and so controlled in best centralized manner by yourself, is primarily a concept for internal blockchains within a company. And here it's irrelevant, if this “network is still under development”. In the end you still have forgotten to explain the sense of implementing a proof-of-stake-concept combined with a centralized concept of authority nodes of your choice building on top of the proof-of-work-concept of the most trusted Bitcoin blockchain, which will be cut off in the moment of the fork, while you still forgot to mention how this ever shall be technically possible. You’re just throwing around with already known, but never established terms, while you have not even a basic knowledge of what you're talking about. But go ahead, I'm waiting for the next amusement... 

Please don't interpret too much! I just want to disillusion the community after you came up with a nice graphic containing some basic terms and bold underlined letters in red color spread over the whole screen size. It would have been your turn to “substantively explain your technology and methods of implementation” when you came up with it in a network of developers and end users. With the combination of PoS and PoA you're announcing a public permissioned blockchain, which is originally designed for internal business blockchains as provided e.g. by the Corda Network. So nothing new at all. If your goal is not just a market manipulation over the Telegram channel of your connected exchange you're trying to open this concept now for the common crypto community. What you didn't mention of course is the fact, that such concept is just a trap as everyone who invests in the project would get immediately dependent from the grace of your authority nodes. In other words: You're trying to create a giant company network without revealing the real nature of your concept, like the rat catcher from Hameln in the crypto community. As I said I was waiting for the next amusement - what comes next? 

Ok, so here once again in clear words: Even if you would get it running from the technical side to create a complete different algorithm on top of the Bitcoin chain - it still would be a fake fork! You could also create a database with the balances of the BTC holders in the moment of creating your genesis block, and then giving all BTC holders their proportional airdrop. But what is the whole thing worth without any ICO? And just for getting the Bitcoin users attention creating a complete new blockchain on top of an existing, nearly 300 GB large chain what would have to be distributed as ballast for nothing within your new network? Who would be willing to participate in such nonsense? And the clear clarification of the implemented encryption method of SHA-256 on page 34 of your whitepaper was also just “a typo” of your marketing manager? Further at your website you're linking e.g. to Forbes with the note, they would write about your project. Looking at the linked site on Forbes Nikolai Udianskyi, mentioned as “CEO of BTCU and co-founder of Coinsbit Exchange”, is just talking about Bitcoin halfing. No word about “Bitcoin Ultimatum”. I call this a fake, as the whole whitepaper with website and (pre-) announcement is a fake, including the pretended Bitcoin fork. Hopefully this was now clear enough. EOD from my side.

@BTCU_ULTIMATE: How many further sock puppets you'll let dance here to give the impression anyone would be interested in your fake campaign? Always just repeating your promotion slang in the end. Did your attempt of market manipulation (insisting to buy Bitcoins for getting the promised airdrop) still not reach the scheduled goal? What kind of software wallets you'll provide which would need to get the whole 300 GB Bitcoin blockchain downloaded for absolutely nothing? Why did you fork the original Bitcoin code on Github based on the SHA 256 algorithm (of course without declaration of the source) which you won't use any longer according to your pre-announcement here on the one hand, but what you'll use for sure according to your whitepaper on the other hand? Of course I won't get an answer again, just that I should wait for the unbelievable, revolutionary end result. But I'm just waiting until this thread get's finally flagged as scam! Readers who are wondering about this "revolutionary new coin" should start reading here! According to their website they're located in Hong Kong, so nothing more than a typical attempt of Chinese market manipulation. Perhaps the involved Estonian crypto exchange Coinsbit is in financial trouble and made a deal with a Chinese fake campaign creator. I'm getting sick of the whole fake thread here, kept alive just with a whole armada of sock puppets!

This would mean that you take a full operating Bitcoin code, at least keeping the functions to read out the whole previous chain, which will rise up to 300 GB shortly. This 300 GB data would have to be distributed within your network forever, just for sharing the proportional airdrop in the moment of the fork. This airdrop could also easily be done by just providing the airdrop to the Bitcoin holders on the most common crypto exchanges as it's done usually. Even if it was really just a communication error and the SHA256 algorithm would be used generally after all: Who would download and care a 300 GB data corpse for life time just for your initial promotion? When BCH was forked "just" the blocksize had been increased from 1 to 8 MB and SegWit has been removed, the algorithm remained the same. The goal to increase the number of transactions per block was never reached. Actual BCH blocks remain generally around 120 kB as can be seen at the comparison of the statistics , while Bitcoin blocks have a multiple of transactions per block compared with Bitcoin Cash. One couldn't call this a real breakout. Let's take a look at the most successful implementation of the Proof of Stake concept: NXT, created back in 2013 and called the Next Generation of Cryptocurrency, one of the most trusted and serious crypto currencies on the market based on the PoS algorithm. Three years later the Jelurida team came to the conclusion, that the size of their blockchain would be too large for a modern crypto technology and created the Ardor multichain platform, where the users can create child chains just for not being dependent from the main chain for keeping the blockchain size small. The NXT chain is around 4 GB today, the Ardor main chain around 2 GB. Both databases fit on a cheap USB stick. This is a real trendsetting concept. Now you really think a hard fork for promotional purpose only would have success ever, compelling the users to distribute the fake fork with 300 GB data ballast just for your initial advertisement? Even if you would get running a quasi-fork in cutting off all historic data and just creating a new chain on top of a snapshot of the BTC chain, what would generally be possible - it still would be a fake fork with a complete other concept what the community never would accept as real Bitcoin fork. Your project just abuses the name "Bitcoin" for promotional purpose, even if you ever would get a blockchain running.

Perhaps one should take a look at your other sock puppet with 5 negative votings, or better the whole and very actual thread Coinsbit.io Scam Report, the previous long thread and scam report and once another scam report. Your exchange seems to be in big trouble meanwhile that you need to resort to market manipulation in creating a fake Bitcoin fork. It would have been better for you to keep silent this time...

Nataly Simson was "just" proclaimed to be the COO of BTCU as well in your initial announcement here, and now she "just advised you on some issues". Oh, it got revealed that the whole fake announcement is coming from a scam exchange, now some of the heads of BTCU are just "advisers", more or less bystanders. It's getting ridiculous! EOD. You wasted already enough of my time!

Most likley this whole fake announcement is the precursor of an exit scam. But first of all they want to urge their users to buy as much Bitcoin as they can, over Telegram, over Facebook, over Bitcointalk, the full program... After I asked the admin of the Coinsbit Telegram group about this BTCU fake announcement I got banned immediately in their group and my messages were deleted.

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The best of... 

Yeah, you "just" tried to catch some victim on the Global Investment Summit, got the possibility to beam your logo one minute (if the pic isn't a fake as well) and that was it. Everyone is capable to compare the vector pics of Coinsbit with those "BTCU"-branded ones posted repeatedly on Twitter & Co. The heads/co-founders of Coinsbit are the heads of "BTCU" and so on. Hopefully all victims and potential victims could be warned in time. It is now definitely game over for you and your whole fake campaign, and most likely for your scam exchange as well! Even if they thought ever in creating a coin, they have lost, for reasons I explained detailed and repeatedly. Hopefully you can accept an EOD this time and don't need to have the last word again (ok, this was a rhetorical statement as I know you can't resist).

You tried to deny any connection with Coinsbit several times, despite the fact that its listed as partner at your website:

After you have been confronted with the facts repeatedly you admitted the connection, but no word about the listing as partner. And the heads of Coinsbit are the heads of "BTCU", one can say BTCU = Coinsbit. It's ridiculous to repeat the members should take the correct Coinsbit thread (BTW: which of them!?). If you would have really intended a serious business and wanted to get the slightest chance to save your reputation, then you would have had to apologize for the losses they made, trying to help them and to do what you can that they'll get their money back! But to the contrary you attacked and accused them to be scammers, and therefore you simply have lost the game! Nobody will ever trust in your project, and even if you would ever get a blockchain running nobody would trust you as the Coinsbit heads would be operating the master nodes and thus controlling the entire network. Also I think that (hopefully) no investor could have been so stupid to fall for your nice vector graphics and the contentless phrasemongering with standard cryptographic terms. At least they have now the real facts and opinions out of the community! Good bye, I'm out of here!

It's obvious that you are a psychological trained marketing manager, payed by a Chineese marketing campaign. I will report your scam activities now ACRA, email: ed_investigation@acra.gov.sg (download of the PDF complaint form), as your fake company is registered like the following according to your imprint:

     Profit Foundation LTD.
     73 Upper Paya
     Lebar Road #06-01C
     Centro Bianco
     Singapore (534818)

Wouldn't be the first time that a offshore company just has taken a PO box in the tax haven of Singapore. Next I'll fill a compliant in front of the TLD domain registrar, email: support@icbregistry.info, then your "BTCU"-website as well as your scam exchange will be finally taken off! I recommend all scammed users to fill complaints as well, just email them the achieved threads on Bitcointalk or summarize it as PDF. The game has just begun, but now according to my rules! And you will have learned something in the end, but the game will then be finished together with your project and your scam exchange!