To fork or not to fork: BTC challanger BU crashes after bugs in the node

Discussion in 'Crypto Assets' started by Pekelo, Mar 15, 2017.

  1. Pekelo

    Pekelo

    https://www.bloomberg.com/news/arti...-unlimited-solution-crashes-after-bug-exploit

    (the video part seems to be old and doesn't deal with BU, but cute girl nevertheless)

    "Bitcoin Unlimited, which had been attracting support from the digital currency’s biggest miners, was attacked after developers brought the bug to light. The numbers of "nodes" hosting Unlimited fell to about 300 from 800 following the attacks, the lowest level since October,"

    Long story short for the uninitiated: Bitcoin Unlimited (BU) is a challenger to the established bitcoin (BTC) and trying to improve on it while killing the host organism. If widely adopted (what is very questionable) it would fork (split) the blockchain and creating a new system competing with the old BTC, where people can use their money if they bet on the wrong system.

    In depth discussion:

    https://www.reddit.com/r/Bitcoin/comments/5zdkv3/bitcoin_unlimited_remote_exploit_crash/
     
    Last edited: Mar 15, 2017
  2. This is not good for bitcoin. As with stocks, any uncertainty leads to skittish investors. I don't see price rising significantly until this is resolved....and might even see more profit taking. Hopefully this gets figured out soon!
     
  3. Meanwhile, BTCUSD continues to hold onto support at $1000...
     
  4. I guess 900 is support now , huh
     
  5. Pekelo

    Pekelo

  6. Simple. Trash this absurd overpriced nonsense, back to zero.

    Do it right and for small money.
     
  7. johnarb

    johnarb

    Good advice. What's your entry point on that short?