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Coinbase and Bitfinex have reportedly said that Bitcoin Unlimited would become a “new altcoin” in the event of a Bitcoin soft fork.
Bitcoin,Coinbase,Bitfinex,Samson Mow,Soft Fork,
Former BTCC COO Samson Mow has said in the event of a Bitcoin hard fork, Bitcoin Unlimited could become a “new altcoin.”
Citing information from exchanges Coinbase and Bitfinex, Mow tweeted on Wednesday that Bitcoin Unlimited would in the future list as $BTU or $XBU.
“That is if they even list it at all,” he added.
So far I've heard Coinbase/GDAX & Bitfinex state that in the event of a chain fork, the BU chain will be listed as a new altcoin. $BTU $XBU— Samson Mow (@Excellion) March 9, 2017
So far I've heard Coinbase/GDAX & Bitfinex state that in the event of a chain fork, the BU chain will be listed as a new altcoin. $BTU $XBU
The news is the latest development in the ongoing clash between various development teams over how to scale the Bitcoin network.
Having continued for almost two years, rhetoric has recently adopted a more poignant tone as the Blockchain struggles to cope with demand and transaction fees rise considerably.
The latest solution championed by Core proponents is to let the ecosystem activate its Segregated Witness without depending on mining pools exclusively, the so-called User-Activated Soft Fork (UASF).
Earlier this week, Mow offered a one BTC bounty to anyone who could create “code enabling a safe UASF.”
As Bitcoin Unlimited proponent Roger Ver released his own mining pool on Monday, Mow called out the entrepreneur for “misleading advertising,” quoting a source stating his 110 percent block reward was in fact “not much better” than existing options.
The mining reward is intended to incentivize nodes to support Bitcoin Unlimited.
The moment when you realize @rogerkver's new bitcoin mining pool is not that much better than @slush_pool, when it comes to pool rewards ? pic.twitter.com/lQvfLWVFYO— Bach (@_xbach) March 7, 2017
The moment when you realize @rogerkver's new bitcoin mining pool is not that much better than @slush_pool, when it comes to pool rewards ? pic.twitter.com/lQvfLWVFYO
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