I have this crazy perspective about the Core vs. Unlimited BTC. The miners saying that their BTU will be the winner is a lot of wishfull thinking IMO. Just because they process the blocks they now somehow own the system??? They're hired help. That's why they get paid to do their job.
If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...
If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...
from what I understand..with 100 btc (say you own) you get BOTH..BTC and BTU of 100 coins....thus if you just hold and one becomes worth nothing..you still have the same $$$ vs BTC winner that you had before...the price may tank but the amount of BTC you have will be the same...this of course if you did nothing....
(or do I have this wrong?)
Yeah, that's right. You own 100 BTC in both chains. So it doesn't matter to you which one is worth more $$$ or even if one of them dies. You just have to wait patiently until the smoke clears...
Miners however can only mine on one chain. So they have to choose the winning side.