Bitcoin United (BTC-U) offers 3 second Confirmations and Massive Throughput by stan

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· @stan · (edited)
$446.74
Bitcoin United (BTC-U) offers 3 second Confirmations and Massive Throughput
This is our [second in a series](http://www.huffingtonpost.com/entry/bitcoin-united-offers-3-second-confirmations-10000_us_597134d7e4b0545a5c30fed2) of syndicated Huffington Post articles taking BitShares and the Hero to the mainstream.

In a previous [Huffington Post article](http://www.huffingtonpost.com/entry/please-dont-change-bitcoin-youll-break-it_us_596e5d2de4b0376db8b65b9c) about the ongoing Bitcoin Civil War, we begged industry insiders not to split Bitcoin into multiple coins and ruin its unique status as The Gold Standard.  We pointed out that it doesn’t need to upgrade, it just needs to cooperate with other supporting chains that can already do what classic Bitcoin will never be able to do – scale to meet global transaction speeds and bandwidth.

<center>[Please don’t change Bitcoin, you’ll break it!](https://steemit.com/hero/@stan/please-don-t-change-bitcoin-you-ll-break-it)</center>

Alas, nobody listened. We may have dodged a bullet on August 1st, we’ll see, but this worry won’t go away.  Another Time of Forking now looms in November and eventually we won’t be able to stop it.  The system will grind to a halt and Bitcoin will break up in a forking crisis.

<center>**So we decided the next best thing is to fix it ourselves first,** 
**once and for all.**</center>

We are adding our own candidate to join the other “Alt-Bitcoins” in the ongoing forking Diaspora.  We call it Bitcoin United (BTC-U) aka (BTC.BTS).  The purpose of Bitcoin United to provide a solution so far advanced that there would be no reason to adopt anything else – thus avoiding a permanent breakup.  Bitcoin will remain united through the sheer force of excellence of our long-proven, freely available technology.  

A gift to the industry.

<center>https://i.gyazo.com/d6660d1271c3b76616b85db296bca28f.png</center>

BTC-U will be gifted one-for-one to all holders of BTC at the last unforked “classic” block when the Time of Forking inevitably arrives (we won’t fork it over until somebody else breaks the taboo – then it will happen automagically).  When that final fork up occurs, Bitcoin United will come to the rescue – providing a solution so much better than what we’ve been offered by the insiders and other special interests that there will remain only one true Bitcoin.

<center>**After all, if we’re going to break Bitcoin unity**
**for some tiny, ineffective code changes anyway,**
**why not go all the way and fix everything at once?**</center>

Bitcoin United upgrades Bitcoin to the state of the art in blockchain technology, permanently solving more than just its intractable lack of scalability, but all twelve of Bitcoin’s most serious limitations.  (More about that in a future article.)

And Bitcoin United gets an automatic free upgrade to [EOS.io](eos.io) technology with _unlimited_ bandwidth later that same year.  But for now, we’ll settle for having all transactions under three seconds and scalability beyond 10,000 transactions per second – enough to skip Bitcoin’s next ten regularly-scheduled forking dramas.

## The Great Bitcoin Dodecathon

Let’s look at how the “Alt-BTC” Olympians stack up against each other in the current Bitcoin Dodecathon.  (Much nicer sounding than “Bitcoin Civil War,” don’t you think?)  Here's a few of the twelve main events.

- **Transaction Bandwidth.**  BTC classic has just 7 transactions per second for the whole world to share.  The other alts seek to double this once or maybe twice.  Bitcoin United can cruise beyond 10,000 transactions per second without breaking a sweat.  It frequently breaks its own record for transactions per day - beyond Bitcoin and Ethereum records combined.

- **Transaction Time.**  BTC classic can take an hour (or days) to complete one transaction unless you pay the premium Bitcoin must use to ration its bandwidth.  Bitcoin United takes three seconds…tops.  The other alt-BTCs merely stretch the rationing a bit.

- **Inflation Rate.**  Bitcoin United ends inflation the day it takes over.  It uses DPOS technology instead of POW so there is no need to pay miners and no need to add to the supply.  All other solutions keep POW to serve the needs of Big Mining, not the public. Who’s diluting what’s in your wallet?

- **Operating Cost.**  Bitcoin United has no operating costs, sipping green energy while the others guzzle hundreds of millions of dollars worth of coal-generated electricity annually.

- **Counterparty Risk.**  The only way to trade the other candidates is to risk them on a corruptible off-chain exchange.  Bitcoin United unites Bitcoin holders with hundreds of other assets on the same blockchain where they can trade at the speed of light without counterparty risk.  How many more hacked exchanges will it take before this sinks in?

## How it Works

By now the expert reader has had enough clues to recognize that there is only one real-time industrial grade blockchain technology that can deliver this mix of performance and features.  That’s right.  Bitcoin United (BTC-U) aka (BTC.BTS) will be hosted on the BitShares platform as an olive branch to the Bitcoin community.  After all, we’ve benefited from the ecosystem that Bitcoin built and it’s time to give back.

On the day the fork occurs, BitShares will grab a “snapshot” of the state of the Bitcoin blockchain.  Shortly thereafter, BitShares will distribute matching BTC.BTS to every BTC owner on the BitShares blockchain.  All you’ll need to do is import your bitcoin keys into the BitShares wallet and claim them!

Boom!  Instant upgrade to light speed.  From that point on, we’ll let the market set the price for slow vs. fast bitcoins.  But at least everyone will have a choice!

<center>![](https://steemitimages.com/DQmcBLayHvXNU6UvSx53VCXBvk1fRJMmMWyrhxFBfDv9gxb/image.png)</center>

## What Makes Us Believe that Bitcoin United will be Adopted?

Well, the vested interests in old code and old hardware will never accept their own obsolescence, so we aren’t worried about that.  But our Billion Hero Campaign is giving away a billion dollars worth of BitShares to mainstream user causes in the coming year – just to draw attention to Bitcoin United and our new HERO – a stabilized smartcoin that is programmed by smart contract to grow at 5% annually against the dollar.  

<center>**Imagine trading your new BTC.BTS against HEROs in real time**
**on the same counterparty-free blockchain.**</center>

Then begins the rapid game of attrition. After the world gets used to green energy, low-cost three-second transactions and stably appreciating smartcoins trading on a single blockchain with robotically honest built-in exchanges, it will become increasingly clear that Bitcoin United has saved the industry from a forking disaster.

Thanks to our Billion Hero Campaign, the first things most new mainstream users will learn about in the coming year is _Bitcoin, BitShares and the Hero._  It will be our lightspeed bitcoins that they first experience.  

Just sayin’...

<center>https://i.gyazo.com/3a3d522af47e04093bf45a67ab94ac38.png</center>

<center> **SPECIAL THANKS** @cm-steem for posting this [Trial Balloon](https://steemit.com/bitshares/@cm-steem/migrating-bitcoin-onto-the-bts-dex-via-uia-snapshot-sharedrop) yesterday!</center>

**Stan Larimer,** President
[Cryptonomex](https://cryptonomex.com)
*The Godfather of  [BitShares](https://bitshares.org) and [the HERO](https://sovereignhero.com)*

--------
**Image credits:  see embedded links**
--------

#### **About the Author -- Stan Larimer**
[Follow Me On Steemit - The Social Media Platform That Pays](https://steemit.com/@stan)
[Please Connect To Me On Linkedin!](https://www.linkedin.com/in/stanleylarimer)

**Greatest Hits**

[Bitcoin and the Three Laws of Robotics](https://letstalkbitcoin.com/bitcoin-and-the-three-laws-of-robotics)
[Engineering Trust with Charles Hoskinson](https://steemit.com/bitshares/@stan/engineering-trust-with-charles-hoskinson)
[The Origin of BitShares](https://steemit.com/bitshares/@stan/the-origin-of-bitshares-rides-again)
[The Hero from BitShares Island](https://steemit.com/bitshares/@stan/the-hero-from-bitshares-island-5)

<center>![BitShares Cryptonomex Stan Larimer](https://i.gyazo.com/360615c22b3a172966373de9860563dc.png)

### Key Links
Here are some of the best links for inquiring about us:

**The Original HERO Definition Post - “The Hero from BitShares Island"**
https://steemit.com/bitshares/@stan/the-hero-from-bitshares-island-5

**The Billion Hero Challenge Announcement**
https://steemit.com/hero/@stan/the-billion-hero-challenge

**The Avant Garde Magazine Special Issue**
http://www.magcloud.com/browse/issue/1313226

**The Video**
By far the best resource for new people is our “TED Talk” in front of a live studio audience in Hollywood. Everyone loves it for some reason.  There is no better way to know all about us in one sitting. https://vimeo.com/220235370
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 496 others
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@esvedra ·
Thanks for information, upvote & folow @stan ;)
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@stan ·
$54.63
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@michaelx · (edited)
$40.65
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vote details (16)
@mralan ·
https://www.cryptocompare.com/media/1382378/bannerbu.png
I am incredibly excited for Bitcoin Unlimited. First of all you'll get a balance of Bitcoin Unlimited equal to your current balance of BTC while still keeping your BTC balance. Bitcoin Unlimited has faster transactions. However it puts more strain on the blockchain. None the less I am excited for the fork and am stocking up on Bitcoin. It could be a big opportunity to profit and the current BTC price shows others agree.

<p><center> http://www.FlippyCoin.com is the #1 Cryptocurrency Exchange!<a href="http://www.flippycoin.com"><img src="http://i65.tinypic.com/r2ur9d.jpg"/></a>
<a href="https://www.youtube.com/c/mralanc?sub_confirmation=1"></center></p>
<br>
<img src="https://steemitimages.com/0x0/http://i67.tinypic.com/zxjzt5.png"/></a><a href="https://www.youtube.com/c/mralanc?sub_confirmation=1"><img src="http://i67.tinypic.com/2d6wffo.jpg"/></a><a href="https://twitter.com/alan_craker"><img src="http://i68.tinypic.com/6olafq.png"/></a><a href="http://steemit.com/@mralan"><img src="http://i67.tinypic.com/syl27a.gif"/></a>
👍  ,
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@vteme ·
Exclusive interview with Moneymaker from the darknet

Hello.

Recently we contacted a person who works in the darknet and offered to give an exclusive interview to our project. Our man spoke with an anonymous user and it turned out quite interesting interview,
 which is not a pity to assign a label for an exclusive interview. I hope that you will be interested......Only the latest news in the world of crypto currency!!! Subscribe to Forklog news..
👎  ,
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@eric-boucher ·
$1.14
Thanks for the extra heads-up on the article too, what a great job!  Namaste   :)
👍  ,
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@sanks7 · (edited)
Okay I will surely read thanx
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@johnsmith · (edited)
$3.47
So... who has the cajones to put this on r/bitcoin and bitcointalk? There is a hornets nest that needs kicking :)
👍  , , , , , ,
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@michaelx ·
hahaha I will :p
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@michaelx ·
$0.48
Here we go: https://www.reddit.com/r/Bitcoin/comments/6oqi1u/a_fork_of_bitcoin_called_bitcoin_unlimited/
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vote details (6)
@cm-steem ·
## I've put it on /r/btc and /r/cryptocurrency:

* https://www.reddit.com/r/btc/comments/6okqjt/bitcoin_united_offers_3_second_confirmations/
* https://www.reddit.com/r/CryptoCurrency/comments/6okssg/bitcoin_united_offers_3_second_confirmations/

Needs some upvotes and positive vibes, haha!
👍  
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vote details (1)
@pfa ·
$0.62
interesting! thanks
👍  ,
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vote details (2)
@hdmed ·
Very good and interesting post.
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@arthur-schopen ·
Hey there... have a read of my Bitcoin poem... let me know what you think :) people have said it brought tears to their eyes.

https://steemit.com/bitcoin/@arthur-schopen/30-bitcoin-i-penned-a-poem-for-you-it-s-my-first-poem-ever-so-be-gentle-haha
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@cesar.oat ·
Excelente .. saludos desde venezuela..
👍  
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vote details (1)
@vteme ·
Exclusive interview with Moneymaker from the darknet

Hello.

Recently we contacted a person who works in the darknet and offered to give an exclusive interview to our project. Our man spoke with an anonymous user and it turned out quite interesting interview,
 which is not a pity to assign a label for an exclusive interview. I hope that you will be interested......Only the latest news in the world of crypto currency!!! Subscribe to Forklog news..
👎  
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vote details (1)
@rangok ·
freebitco.in/?r=8869745
Hey, wanted to let you know where to get some free Bitcoin. 
It's a Bitcoin lottery and you can win up to $200  every hour, there's also jackpot drawing of $500 every week!
You can also mine BTC and they have a gambling section if that's your kind of thing.
Hope this can help you get a little extra in your wallet.
Good luck!
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@rangok ·
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★ 
https://freebitco.in/?r=8869745
WIN BITCOIN 
Roll to win up to $200 BITCOIN 
You can enter to win every hour
There is also a weekly jackpot drawing of $500
The more you roll the more entries you get for the weekly lotto
The best thing is it's completely FREE!!!!!
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
👎  
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vote details (1)
@ldauch ·
$3.09
Very good plan! I know a lot of people have lost confidence in Bitcoin because of this recent inability to reach an agreement. If there is a way to prevent this in the future we need to seriously consider it.
👍  , ,
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@bbrewer · (edited)
$1.01
So glad to see that action is being taken to make this BTS option a reality! I do hope, however, that it is never needed.
👍  , ,
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@bitcoin1488 ·
In marketing there is always a catch.
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@kenny-crane ·
$6.05
Sounds like another great idea from Team Bitshares!
👍  ,
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@thangfliproad ·
great!!
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@rawpride ·
Make my BTC whole again!
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@dinisanda ·
Nice nice
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@travisacid ·
great read thanks
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@zisan012 ·
Thanks for information
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@jackyx2clic ·
https://media4.giphy.com/media/11JTxkrmq4bGE0/giphy.gif
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@onceuponatime ·
$48.07
I'm starting to get excited!

Upvoted. Re-blogged. Promoted/

**Here we go..........................**
👍  , , , , , , , , , , , , , , , , ,
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vote details (18)
@eric-boucher ·
$34.61
Wicked news, thanks for sharing. I believe this consolidation is going to shake a few things alright.  ;)

Namaste   :)
👍  , , , ,
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vote details (5)
@arcaneinfo · (edited)
$2.61
@onceuponatime.. Everyone loves when you excited young man:) cheers!!!
👍  , ,
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vote details (3)
@kus-knee ·
And with good reason!
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@jackyx2clic ·
good
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@cm-steem ·
$40.54
Great work! Thanks for the shout-out to my Steemit post, It's amazing how a discussion can evolve so quickly in the Bitshares community! :)
👍  , , , , , , , , , ,
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@arthur-schopen ·
Hey there... have a read of my Bitcoin poem... let me know what you think :) people have said it brought tears to their eyes.

https://steemit.com/bitcoin/@arthur-schopen/30-bitcoin-i-penned-a-poem-for-you-it-s-my-first-poem-ever-so-be-gentle-haha
👎  
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vote details (1)
@eric-boucher ·
$7.51
One post after another, the surprises keep on coming with more icing on top! It is hard to believe and can't wait to see the results of it as it propels itself into the crypto world. All for one and one for all!   Namaste   :)
👍  , , ,
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@strangerarray ·
$2.47
This is brilliant!
👍  ,
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@jr-2022 ·
$0.78
Sounds awesome! Let's see!
👍  , ,
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@nv-trader ·
$0.84
I am so excited! Can't wait to see where this takes Bitcoin and other cryptos. Upvoted and resteemed!
👍  ,
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@johndogett · (edited)
$2.88
Bitcoin United. I like the sound of that.
Wait a cotton picking minute !!
Dos that mean I should buy some BitShares And Hero ?
I got to be the 100th voter for this article.
👍  , , , ,
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@knowtheropes ·
@stan and @cm-steem you guys are great! Thank you for keeping us up to date and making things happen. How can the bitshares community help best with the Billion Hero Campaign?
👍  
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vote details (1)
@kyle.anderson ·
$0.65
This is actually ridiculous. 

Basically taking away all the things about Bitcoin that make Bitcoin, Bitcoin and try and capitalize off the name. 

Nonsense...
👍  , , , , , , , ,
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@generation.easy ·
$0.10
Yup, pretty much. 
Cant believe the amount of sheep commenting... bah bah.
We tried knock off bitcoins, nobody want them...
👍  ,
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@stan ·
$0.02
Knocking of clones that use the same technology and giving them to different owners - of course that didn't work.

This is a huge technical leap given only to current bitcoin owners.  That's two big differences.
👍  , ,
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@kyle.anderson ·
$0.71
Ugh the BTS shills on this site really get to me sometimes. 

There is a freaking reason that bitcoin uses proof of work not DPoS crap. 

The problem is not 10 min confirmations - that was solved with ip-ip transactions years ago. 

This is an obvious attempt to profit off the Bitcoin name and situation.
👍  , ,
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@raizen · (edited)
$0.10
@kyle.anderson Don't you mean taking away all the bad things about Bitcoin?
👍  , ,
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@kyle.anderson ·
$0.07
What 'bad things' about Bitcoin?

Because DPoS is pretty bad as it is.
👍  
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@stephenp888 ·
its good to see a familiar face from youtube,  thank you for being skeptical i was almost sucked in by this article. it does sound almost too good to be true with the 3 second transaction times,  but one question does this have anything to do with bitcoin or are they just branding it the same just to lead people astray? ie unlimited oooo bitcoin has re-branded after the fork  they must have made updates?
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@stan ·
The transaction times have been well established for two years.  Now that there are multiple development teams, what's wrong with offering a quantum leap to bitcoin instead.  Do you still think it will be using the same algorithms 100 years from now?  Bitcoin is premium asset.  It should be hosted on the  best ledger available.
👍  
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@kyle.anderson ·
Wait where did you see me on YouTube :-/

DPoS is a tradeoff. Period. 

The going with Bitcoin branding is what gets me here.
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@sky77 · (edited)
$0.05
*Bitcoin United* is an **oxymoron** since it is a *secession* from existing Bitcoin. It precipitates the very split it says  it is trying to prevent... With the adoption of BIP91 and soon SegWit BIP141, the Bitcoin network has shown a reasonable  ability to evolve and self-amend in a good manner.  Some of the ideas presented here are solved in Lightning network and SegWit in the other cryptos such as Litecoin. These can be integrated into Bitcoin as is starting with BIP 91 & 141. This effort adds more **FUD** than assistance unfortunately...
👍  ,
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vote details (2)
@kyle.anderson ·
Exactly.
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@sheinthu ·
I have voted and resteemed 
Thanks for sharing information
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@sanks7 ·
Great info
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@mamamyanmar ·
like it and voted
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@freedomnation ·
$1.23
Those 3 secs transactions would be a solo reason for mass adoption in the crypto.  It's the best thing I've read today.  If this goes live this will drastically fasten the crypto business market and economy.  And in that case we could see it mainstream adopted too because avoiding price loss would be much easier.
👍  , , , , , ,
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vote details (7)
@ash ·
$3.15
can't say no to free money... this is better than byteball :)
👍  , ,
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@p3rspectivo ·
It's fantastic! the Bitcoin is revolutionizing the world.
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@appledeguzman · (edited)
thanks for that info.... im beginning to loose my grip in btc... but still hold to it.... i know it will never be destroyed because it has a strong foundation.... 

it may be shaken from time to time.... but with its roots strongly holding everything.... i know bitcoin can surpass any tide and trials to come....

way to go btc.... lets face the future together...
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@goldleaf ·
I dont get it ...  is it a joke?
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@jelasalyn ·
Nope.
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@tonypeacock ·
$1.10
Well written Stan and such a great solution :)
👍  ,
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vote details (2)
@richguy ·
So right now the BTC-U is not available for purchase because I will like to own some. In the event that the divergent voices of bitcoin miners agree, it now means that btc-u will never come to pass.

I will like to what happens if btc-classic does not fork as anticipated.
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@flashbid ·
$1.67
And the mining Cartels are just gonna stand by while good sense takes over? This makes too much sense, why hasn't this taken center stage?
👍  ,
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@akraees ·
Nice :-) and  Exited
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@transisto ·
$0.90
Now that's one BTC "fork" I'd hold onto.
👍  ,
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@janhink ·
This is a joke, isn't it?
http://united-bitcoin.com/
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@steemian69 ·
This Should Definetly Be Better Than Bitcoin Unlimited :p
👍  
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@mergesort ·
There is only one true bitcoin and that is the one with the users behind it, not the one backed by companies.
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@bycz · (edited)
So you are proposing to merge the bitcoin into the bitshares platform? And kill bitcoin as we know? If succeed will be huge deal for bitshares!!!!
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@terrybrock ·
$1.18
Good work on that, Stan. Thank you for sharing and we're wishing you the best.
👍  
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@kus-knee ·
So many intersting developments!
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@neerajsharma007 ·
nice post
if you guys like my post then please upvote follow resteemed
https://steemit.com/steem/@neerajsharma007/top-5-altcoin-investment-july
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@neerajsharma007 ·
great knowledge you have...nice to read you
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@twigg ·
thanks, 
check out my portfolio n follow it as i update my progress and see what and why
i buy/sell https://steemit.com/bitocoin/@twigg/my-coin-portfolio thanks!!!
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@jelasalyn ·
Very exciting news and potentially great solution!
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@mybrp ·
simply fantastic
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@yash0108 ·
Excellent post. Well done.  
I believe we will enjoy and have amazing time here to collaborate and learn for other members through writing.
I will be looking up to you sharing words of knowledge and wisdom. Please stay tuned for my write-ups and please follow me @yash0108
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@master-set ·
$0.89
Interesting indeed... The bitcoin now have only one good side - network effect / wide adoption. So this BTS-U looks like more of PR for BTS than a real deal, but why not? This "bitcoin" is as much bitcoin as Abrams tank is Ranault-LT tank. They both a tanks, but that's it. )))

@stan can you please name the main reasons to fork BTC onto BTS-ecosystem, instead of doing a completely new asset witch may be better suit the role of "digital gold"? As far as I can see its:

1) PR for BTS ecosystem using establised brand - BTC (PR)
2) All BTC users gain something on BTS DEX, so they potentially will check it out (PR again)
3) Wide initial coin distribution, better than a ICO-based one (this is a big deal, actually)
4) ... what else?
👍  ,
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@stan ·
$0.31
As I mentioned in the article, its better for all coins to be on a counterparty free exchange.  If bitcoin moves there, so will others.
👍  , ,
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@bitshack ·
I say it again Bitcoin is not going anywhere. this article just proves my theory.
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@ancap47 ·
$0.14
So how much hashpower does this endeavor have? Zero.

The fact this is upvoted just demonstrates the ignorance.
👍  
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@stan ·
Zero hashpower is required for modern blockchains. 
Smart readers!
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@ancap47 ·
$0.12
zero hashpower = zero value

"modern blockchains"? Now you're smarter than satoshi?

Scammer is more like it.
👍  
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@kumablack ·
Intriguing read... fingers crossed though
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@nickh725 ·
Very cool and interesting idea! will look forward to more posts and updates in the future! keep up the good work!
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@sauna ·
So if I'm holding open.btc in my openledger account, will that automagically be matched with btc-u? What about bit.btc?
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@stan · (edited)
No.  Open.btc is a receipt for slow bitcoin held in open ledger's cold wallet.  It has counterparty risk.  BTC-U is counterparty free.  It's value is determined by how useful and desirable it is perceived to be by the markets.
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@gunsmasterrock ·
reaally to fast?
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@aldianrony ·
Very nice images, I likes 
I love to join steemit and to help earh other 
#vote and follow you
Do not forget to follow and upvote me
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@aldianrony ·
Very nice images, I likes 
I love to join steemit and to help earh other 
#vote and follow you
Do not forget to follow and upvote me
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@libertyteeth ·
$1.90
Upvoted, followed, and resteemed!  This sounds fascinating, looking forward to more info; thanks for sharing!
👍  
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@pbitcoin ·
$0.04
Neat.
I always like an alternative to the norm! ;D
👍  
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@zachjohn ·
Great work! @stan
It seems that , while the whole world is worrying about dooms -day and the upcoming split, you guys actually went on to develop a technology that is light years ahead of the current one? (7 transactions versus 10,000 transactions and 3 seconds tops?) wow!!

Can't wait to see how this will revolutionize the transactions and finally bring on board all those doubting thomases who are still holding on to their fiat! 

we need solutions like these to bring back the trust and momentum back into the crypto world. at the end of the day **technology solutions** like yours will present the undeniable truth, everything fake will die in the long run!

**upvoted and followed for sure!!** 

![In crypytography we trust!](https://www.zerodayclothing.com/products/inmathwetrust/inmathwetrust_carrousel_02.jpg)
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@kamilason ·
I wish you success
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@lexiconical ·
$6.85
This is an interesting and exciting potential PR win.

I would like to here more about the switch to DPoS from PoW. This is a pretty huge fundamental change that makes this not really bitcoin, no? Isn't it a little simplistic to say that PoW "serves the miners", since the intention was to simply create an incentive to secure the network?
👍  
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@stan ·
$0.07
Satoshi's intention has been hijacked by less than a dozen big mining companies.  Since mining wastes hundreds of millions annually and is not needed, why are the leaders of bitcoin still using it?
👍  
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@lexiconical · (edited)
Well, I guess the answer would be some people think PoW is more secure (or more something else) than PoS.

I'm not endorsing either view, but it's the only answer I know for your question.

Bitcoins electricity consumption and miner fees are certainly tiny compared to the expenses and salary of all the parasitic banks, no?
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@aaravm ·
Please help get 1000 followers https://steemit.com/@aaravm and upvote my first post
👍  
👎  
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vote details (2)
@abbasfxtm ·
$0.18
wawo thanks for sharing
👍  
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@jamie-smith ·
This stuff is very interesting because of how extremely important it is to people who are investing or have already invested in bitcoin. I invested a lot, myself.
👍  
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@sneak ·
> Another Time of Forking now looms in November and eventually we won’t be able to stop it. The system will grind to a halt and Bitcoin will break up in a forking crisis.

I suppose if you believe your nonsense words, you'll take a 10 bitcoin bet against that claim. Let's say a deadline of 1 December 2017?  Deal?

Best,
-jp
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@stan ·
No idea how long they will kick the can down the road but it almost happened Aug 1 and the next crisis point is indeed in November.  My prediction is that it will happen eventually.  Can't put a deadline on that.
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@mrfoot ·
oh my... i better send you my private key at once then...
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@lesego ·
Very informative thank you
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@steemitboard ·
Congratulations @stan! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/voted.png)](http://steemitboard.com/@stan) Award for the number of upvotes received

Click on any badge to view your own Board of Honor on SteemitBoard.
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If you no longer want to receive notifications, reply to this comment with the word `STOP`

> By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!
👍  
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vote details (1)
@stan · (edited)
$6.23
Nice article explains some of the forking issues from a Bitcoin perspective...

[Bitcoin Forks Ulterior Motives](https://hackernoon.com/bitcoin-forks-ulterior-motives-cf953e4ec7e0)

Stashing place for other links on the topic:

[Bring on the Split](https://coingeek.com/bring-on-the-split/)
[Bitcoin Community Cheers as Miners Back New Scaling Framework](https://www.bloomberg.com/news/articles/2017-07-21/bitcoin-community-cheers-as-miners-back-new-scaling-framework)
[These Bitcoin Wallets are Ready for a Fork](https://steemit.com/bitcoin/@ash/this-bitcoin-wallets-are-ready-for-a-fork)
[Government Sponsored Segwit is Dead on Arrival](https://steemit.com/bitcoin/@ancap47/govt-sponsored-segwit-is-doa-dead-on-arrival-here-s-why)
[Bitcoin Segwit2x Update War Coming](https://steemit.com/bitcoin/@cardboard/bitcoin-segwit2x-update-war-incoming)
[Segwit Vs Segwit2x Ready Bitcoin ](https://finance.yahoo.com/news/segwit-versus-segwit2x-ready-bitcoin-123612348.html) - Good summay
[Bitcoin Cash - What You Need to Know](https://medium.com/@jimmysong/bitcoin-cash-what-you-need-to-know-c25df28995cf)
👍  , , ,
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vote details (4)
@incrediblesnow ·
$2.20
Me again, I am here to notify  you that I have also translated this article to chinese to share to chinese community,hope you approve me to do so!
Upvote me if you like my action
link here: https://steemit.com/cn/@incrediblesnow/5knurq
👍  
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@kriskabiru ·
Will you still get BTC-U if your Bitcoins are on OpenLedger?
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@stan ·
No.  Where your keys are, there will your BTC-U be also.
👍  
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@rondoncr ·
Currently, a lot of large problems haunt the network: scalability problems, merchants hesitant to accept bitcoins because of waiting for confirmation and double spending, etc. Some proposal exist to counter those, but they are not attacking the root of problem.
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@daydreams4rock ·
brilliant idea and it solves all issues with enough to delight all who own bitcoin
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@arcange ·
Congratulations @stan!
Your post was mentioned in my [hit parade](https://steemit.com/hit-parade/@arcange/daily-hit-parade-20170721) in the following category:

* Pending payout - Ranked 5 with $ 385,21
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@rangertx ·
Thank you for sharing this. Bitshares/Hero community has so many new things happening that I almost can not keep up. Offering a safe haven or solution for the upcoming fork is brilliant.
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@juanpe2012 ·
buen articulo,  que siga avanzando
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@willstephens ·
$0.59
Nice post! This sounds incredible - could it actually happen? What would happen to Bitshares tokens? Should I get some? I have EOS, Steem and Bitcoin....;-)
👍  
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@marchesejp ·
Here we go BTS! BTS is go! BTS launching team is ready to proceed.. 3..2..1... Moon!
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@vteme ·
Exclusive interview with Moneymaker from the darknet

Hello.

Recently we contacted a person who works in the darknet and offered to give an exclusive interview to our project. Our man spoke with an anonymous user and it turned out quite interesting interview,
 which is not a pity to assign a label for an exclusive interview. I hope that you will be interested......Only the latest news in the world of crypto currency!!! Subscribe to Forklog news..
👎  
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@fahrullah ·
This is so great, thank you for sharinghttp://i.imgur.com/H5tPKJd.png
@fahrullah
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@cryptocoinclub ·
I think this is probably the biggest danger in crypto right now!

https://steemit.com/cryptocurrency/@cryptocoinclub/blockfolio-addiction-help-group
👍  
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@yash0108 ·
Thanks for checking in. I follow back and vote daily, especially when you interact and vote for my posts.
Followed you! Feel free to follow me back :) Please have a wonderful day! And remember always do what your heart tells you
regards @yash0108
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@marchesejp ·
It's time for people to learn about the speed power of BTS's :)
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@adsactly ·
Another Genius Idea Stan looking forward to working much more closely with you @stan you really are a man that wants to make this world a better place!
👍  
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@coinlend ·
$0.50
Sounds interesting!
👍  
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@bethani325 ·
I agree, better to leave Bitcoin alone!
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@ebohio2008 ·
Three seconds to confirm Bitcoin transaction. This really caught my attention.
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@hattaarshavin ·
Thanks for the information @stan
very help me
follow me @hattaarshavin
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@cardboard ·
China is also doing their version of Bitcoin:
https://steemit.com/bitcoin/@cardboard/bitcoin-segwit2x-update-war-incoming
👍  
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@leonardo.lopes ·
This is a great post!
👍  
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@dirtyburger ·
Very ambitious and exciting, thanks for sharing your vision.
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@khadafibarawas ·
Posting very good, ples follow me
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@hadimemories ·
Nice post.. I have resteem it. Thanks
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@sophial ·
what a great post
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@solarguy ·
where can I find info on how to input my BTC keys into BTS exchange?

You gotta link?
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@bitcoinsky ·
Bitcoin United.  One Coin To Rule Them All!  Cheers @stan.
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@cryptodonn ·
Hey @Stan! 

Found your blog this morning and glad I found it, already learned some useful things! 

I have literally just started my blog yesterday and posted my introduction post! 
I’m aiming at having 5.000 Steem Power at the end of this year, at 2000 now!
In it for the long run and waiting for that $10 Steem :) 

Upvoted and followed the post! 

Keep up the good work and upvote my first blog post if you’ve enjoyed it and like my work! 

https://steemit.com/introduceyourself/@cryptodonn/hello-steemians-i-m-daniel-a-social-entrepreneur-from-amsterdam-sharing-my-journey-or-the-path-to-freedom-or
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@vnand · (edited)
http://united-bitcoin.com/

There are many red-flags for proponents of decentralization.

Quotes from website:

"United Bitcoin is a project to create an authority dedicated to developing Bitcoin software, protecting the users from fraud, ensuring stable growth of BTC value and continuous and guaranteed functioning of the network."

"The node power must be consolidated. As nodes are strategically important parts of the network, they must be placed in secret areas, protected by government."

"Banks will also ensure no bitcoins are used for harmful purposes like purchasing drugs, assault weapons or sponsoring terrorism"
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@stan ·
That is not our site.  Bitcoin United (BTCX) is like Bitcoin Cash (BTH) and Bitcoin Segwit (BTC).
No connection to united-bitcoin.com
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@freemancrypto ·
Wow Stan...
Thanks for sharing your info with me and everyone out here.  The possibilities of future developments of Bitshares and EOS and the evolving new flavor of BTC, Bitcoin United (BTC-U).  I will stay tuned as the Bitcoin turns...
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@willybobob ·
Any updates on Bitcoin united? Fast Bitcoin?
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@stan ·
Watch my blog.  It always gets posted there first.
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@devrajlove ·
![chart.jpg](https://steemitimages.com/DQmdkJBDEzSsrJgwH7LHWgsxSXqei9bq3XiofGs64okENH8/chart.jpg)



Bangladesh Northern flood 58 million people affected See terrible
58 lakhs 46 thousand and 620 people have been affected in 30 districts of the country due to heavy rainfall and hailstorms. The death has been 98 people According to the latest data of the Disaster Management Department, this year floods affected 188,558 hectares of cropland.

![8041_orig.jpeg](https://steemitimages.com/DQmTSmLawotGXCtxs5SxBcUEVFZUECopJKxFSjbRYGVB9nr/8041_orig.jpeg)

Saturday afternoon assistant director of the department. Hafizur Rahman told the media this information. He said, 2 9 99 thousand 754 people have taken shelter in 953 shelters throughout the country. At present, 30 districts are affected by flood.
![chart.jpg](https://steemitimages.com/DQmc7P2hEteW13d6zxj5QcB2c49wHoZp9AvREYcpFt8jMXi/chart.jpg)
He said that in Doha and Nawabganj floods in Dhaka, the flood affected people were affected by 37,510 damages and 8955 families of Dohar and Nawabganj, and complete 125 houses were completely damaged.

Damage:
In the last one week, 18 people were injured in Kurigram, 6 in Lalmonirhat, 2 in Sunamganj, 2 in Netrokona, 8 in Nilphamari, 4 in Gaibandha, 4 in Sirajganj, 30 in Dinajpur, 9 in Jamalpur, 1 in Thakurgaon, 4 in Naogaon, 3 in Jessore, Sherpur 3, Moulvibazar II, Comilla 2, all 98 deaths in all.
![chart.jpg](https://steemitimages.com/DQmNXWzFmNjsL9tzqXB26kFUr8ffhqN1TQyNsKeMDXLLdNS/chart.jpg)
4 lakh 92 thousand 339 houses have been damaged. 45 thousand 752 tube wells have been damaged in the disadvantaged districts.

Poultry has died 55. 25232 educational institutions have been damaged. Two thousand 789 kilometers of roads, 123 bridges and culverts, 280 dams have been damaged.
![chart.jpg](https://steemitimages.com/DQmSG1entnKcDGYX9ZdqAub6xx9JME164hhRAtaQEDpvrXw/chart.jpg)

According to the control room of the Disaster Management Department, Kurigram, Lalmonirhat, Rangpur, Sylhet, Sunamganj, Netrokona, Rangamati, Nilphamari, Gaibandha, Bogra, Sirajganj, Khagrachari, Dinajpur, Jamalpur, Thakurgaon, Panchagarh, Mymensingh, Brahmanbaria, Rajbari, Naogaon, Joypurhat, There are wide population of Jessore, Moulvibazar, Faridpur, Tangail, Manikganj, Madaripur, Comilla, Sherpur and Dhaka districts. It's a miracle flooded.

<iframe width="560" height="315" src="https://www.youtube.com/embed/08a4AlGetYE" frameborder="0" allowfullscreen></iframe>

If you want to Help tham than send Us Any amount of money or SBD of BTC ............ In this Money We can buy Some Fresh water , Some Food , Some Cloths and give them medical support....

Your one help can change there life and make them happy . So plz help them 
![people-helping-people.png](https://steemitimages.com/DQmVF72SKSGBT5GK87o9J4SpsXkv9wcpnPFgZcJb8b7qXW5/people-helping-people.png)![chart.jpg](https://steemitimages.com/DQmaxFDP79nnyLuzwzCLQVWiNXeygR1yAnFuxvU8UeGSUS2/chart.jpg)

My BTC Address -    1Q5fBr5BqDWHhKQsT2yswYB4adJwNsYk2P

My ETH Address -    0xf9ab1Cd0A8319331E9e98082B606044C60d74B12

MY steem Address - https://steemit.com/@devrajlove

PLEASE resteem my post please
👍  
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vote details (1)
@mortuzaali76 ·
Really ... nice photo
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@ryanpetersoncoin ·
Bitcoin is growing and I don’t think there’s any scope of Bitcoin falling again. If you’re interested in Bitcoin trading in the UK, https://wikicrypto.com/official-guide-trading-bitcoins-uk/, check out my blog article on why Bitcoin Trading is the next big thing here:
👍  
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vote details (1)
@gillnom ·
Come to Woldwide bittrex korea pump group
Join Telegram channels www.telegram.me/DvaPump

Welcome to Woldwide bittrex exchange pump channel
The bittrex force of Koreans is powerful.
Last year our pumping room was highly trusted.
Do you think 500% ~ 1500% profit is impossible in a week?
We'll show you this is true.
With accurate chart reading, we plan to periodically pump.
We are recruiting people all over the world, and we do not need your money for free!
Just watch it. Install the telegram app and get in the channel.

Join Telegram channels www.telegram.me/DvaPump

안녕하세요. bittrex 거래소 펌핑 방입니다.
저희 한국인들의 bittrex 세력과 펌핑은 매우 강력합니다.
작년에 저희 펌핑방은 각종 코인 펌핑으로 크게 신뢰를 쌓았으며,
법적문제가 현재 있지않아, 다시한번 여러분들께 역사를 다시 써나가려고합니다.
일주일에 500% ~ 1500% 수익이 불가능할 것 같나요?
저희가 보여드리겠습니다. 우리방만의 노하우와 진실을
정확한 차트 리딩과 함께 저희는 주기적으로 펌핑할 예정입니다.
현재 전세계 사람들을 모집하고있고, 회원님들 돈 강요하지 않습니다. 공짜입니다.
구경만 하셔도 좋으니 텔레그램 어플 설치하고 저희 채널에 들어와주세요 ^^

텔레그램 입장해주세요. www.telegram.me/Dvapump
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@mortuzaali76 ·
great
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@chrisdk2017 ·
Has this stalled? Why doesn't the public know more about this?

It is not listed at coinmarketcap (BTCX or Bitcoin United)
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@stan ·
Not stalled, but bringing a lot of supporting pieces together behind the scenes, like funding to free the fast bitcoins.  See fastbitcoinunited.com.
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@saul.alv ·
You can also get UBTC if you hold Qtum. 100 Qtum= 1 UBTC.
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@rangok ·
freebitco.in/?r=8869745
Hey, wanted to let you know where to get some free Bitcoin. 
It's a Bitcoin lottery and you can win up to $200  every hour, there's also jackpot drawing of $500 every week!
You can also mine BTC and they have a gambling section if that's your kind of thing.
Hope this can help you get a little extra in your wallet.
Good luck!
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@pkamm ·
Why does this smell so fishy?
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@fahriordinaryus ·
KABOOM KABOOOM KABOOOOOM
EXACT EXXACT DATE ATH BITCOIN 22 TH JANUARY
KBOOOOOM! EXACT DATE FOR ATH
what ll happen at 22th  january 2018 BITCOIN

https://steemit.com/btc/@fahriordinaryus/btc-what-will-happen-when-finish-correction-january-2018
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