Quickseller

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Copper MemberLegendaryActivity: 2226Merit: 1953 Re: @RogerVer lets make a deal. At least 60k, my BTU for your BTC. March 21, 2017, 11:44:33 PM

Last edit: March 22, 2017, 01:35:21 AM by Quickseller #31 Quote from: Loaded on March 21, 2017, 05:48:14 PM https://www.reddit.com/r/Bitcoin/comments/60ozkh/rogerver_lets_make_a_deal_1_for_1_trade_at_least/



bitcoin-cli signmessage 19Mz2o9RDABT74SA9njZqMtJXKEzj2qUoH '@RogerVer lets make a deal, 1 for 1 trade. At least 60k, possibly up to 130k, my BTU for your BTC.'

H9ed6z5RgdThRxXXqePmtJbaK1pGvoy6e+aiwUPD6pkrJ6d6TBchOu5OQLEbgq/15YRjcOUC+kMrGVfszUXV5Wc=

bitcoin-cli signmessage 19Mz2o9RDABT74SA9njZqMtJXKEzj2qUoH '@RogerVer lets make a deal, 1 for 1 trade. At least 60k, possibly up to 130k, my BTU for your BTC.'H9ed6z5RgdThRxXXqePmtJbaK1pGvoy6e+aiwUPD6pkrJ6d6TBchOu5OQLEbgq/15YRjcOUC+kMrGVfszUXV5Wc=



Why would he be willing to do a 1 for 1 trade? The market rate on bitfinex (which I am fairly confident that you use) for BTU is 0.2102 while the market rate for BCC 0.758, both in terms of BTC. So for this to be a fair trade, you would need to offer him 3.6 BTU for every 1 BCC that ver gives you.





edit: no longer confident you use bitfinex; my prior presumption was due to a coinjoin transaction. It does however look like you might have withdrawn 50,000 BTC from SilkRoad in Sept 2012, worth ~$610,000 at the time, or you may have purchased some coins from someone who did this.



8b1d30919a006a05220deff1c0cf909c10830e2ec4dd66ce310a5f657e2afd8b Verified.Why would he be willing to do a 1 for 1 trade? The market rate on bitfinexfor BTU is 0.2102 while the market rate for BCC 0.758, both in terms of BTC. So for this to be a fair trade, you would need to offer him 3.6 BTU for every 1 BCC that ver gives you.edit: no longer confident you use bitfinex; my prior presumption was due to a coinjoin transaction. It does however look like you might have withdrawn 50,000from SilkRoad in Sept 2012, worth ~$610,000 at the time, or you may have purchased some coins from someone who did this.8b1d30919a006a05220deff1c0cf909c10830e2ec4dd66ce310a5f657e2afd8b The head executive of the executive office of the department of the redundancy departments office

RHavar



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LegendaryActivity: 2128Merit: 1670 Re: @RogerVer lets make a deal. At least 60k, my BTU for your BTC. March 21, 2017, 11:45:22 PM #32 Seems like a rather safe bet, I doubt anyone will have the balls to take it up.



For BTU to exist, it needs to have more proof-of-work than BTC (as if BTC's work exceeds it, it will be considered valid and the BTU will reorg away). But the only way hash power will stay mining it is if it's more economical, which would require that BTU price to be strictly greater than BTC's.



So really, a BTU/BTC split has very little to do with miners but rather the economic participants. In fact, all BTC supporters need to do is sell their BTU holdings making sure to keep the BTU price <= 1 BTC. If that is done for long enough, all BTU coins will literally vanish.



Meanwhile, BTC holders never face the same risk that their coins will disappear -- making the trade a lot safer. For this reason, BTU is pretty much doomed. If the split ever happens (which I strongly doubt), I'm more than happy to trade ~1000 BTU for 0.99 BTC each.

Quickseller

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Copper MemberLegendaryActivity: 2226Merit: 1953 Re: @RogerVer lets make a deal. At least 60k, my BTU for your BTC. March 22, 2017, 12:08:10 AM #34 Quote from: RHavar on March 21, 2017, 11:49:55 PM Quote from: Quickseller on March 21, 2017, 11:44:33 PM Why would he be willing to do a 1 for 1 trade?



Loaded is offering much better terms for a BU supporter. He says:



Quote No split, no transaction. If there is a split, I'd love to double up.

while the terms on bitfinex mean you lose your money if there's no split. Since it's highly unlikely there's going to be a split, the bitfinex trade is pretty insanely risky even for a BU believer

Loaded is offering much better terms for a BU supporter. He says:while the terms on bitfinex mean you lose your money if there's no split. Since it's highly unlikely there's going to be a split, the bitfinex trade is pretty insanely risky even for a BU believer



The executives at the various exchanges seem to believe that BU initiating a HF to be increasingly possible. The



I cannot predict the future, however I would not write off the possibility of a fork, as doing so would be reckless.



This kind of deal would be nearly impossible for either party to enforce, and there is the possibility that both parties would not even have the potential to be able fulfill their obligations in the event of a split because the loosing chain is likely to quickly die off Yes there is a risk of no split (or that core will change the code in their repository after a split to be compatible with BU) on bitfinex, however I don't think that accounts for all of the discrepancy in price.The executives at the various exchanges seem to believe that BU initiating a HF to be increasingly possible. The recently found blocks are pointing to momentum for BU.I cannot predict the future, however I would not write off the possibility of a fork, as doing so would be reckless.This kind of deal would be nearly impossible for either party to enforce, and there is the possibility that both parties would not even have the potential to be able fulfill their obligations in the event of a split because the loosing chain is likely to quickly die off The head executive of the executive office of the department of the redundancy departments office

jonald_fyookball



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Core dev leaves me neg feedback #abuse #political







LegendaryActivity: 1302Merit: 1002Core dev leaves me neg feedback #abuse #political Re: @RogerVer lets make a deal. At least 60k, my BTU for your BTC. March 22, 2017, 12:24:51 AM #35 Quote from: Loaded on March 21, 2017, 11:07:09 PM The offer is open to Jihan Wu as well.



Consider it primarily as a vote of no confidence in the Bitcoin Unlimited software and development team as it currently stands. I'll add the contingency that the deal is null and void if there are major changes to either.



I get it.



Funny thing is, as a BU supporter, I put more weight on your announcement than anything anyone else has said or done,

as far as shifting my opinion.



I still think we'd be better off with BU than Core, but at least you made me take a step back and try

to see more.



I am wondering if you see any problems with Core's roadmap (some people have gone as far as

to say they are deliberately trying to bring down Bitcoin)...or you agree with small blockism in general

(centralizing transactions over centralizing nodes or Bitcoin-as-commodity-not-currency)...or simply

you weigh those factors less than network reliability. I get it.Funny thing is, as a BU supporter, I put more weight on your announcement than anything anyone else has said or done,as far as shifting my opinion.I still think we'd be better off with BU than Core, but at least you made me take a step back and tryto see more.I am wondering if you see any problems with Core's roadmap (some people have gone as far asto say they are deliberately trying to bring down Bitcoin)...or you agree with small blockism in general(centralizing transactions over centralizing nodes or Bitcoin-as-commodity-not-currency)...or simplyyou weigh those factors less than network reliability. proof LN isn't Decentralized official Electron Cash wallet