Bitcoin Forum

Will sewgit2x play a positive or negative role for Bitcoin?

What are your thoughts on this matter?

IMO any hardfork is positive for the whole market. They are like quantitative easing at macroeconomics.

Of course, positively, additional coins for speculation :)

Segwit2x is the mother of all of hard fork i think and i know it wouldnt be easy on price but the capacity of transaction in bitcoin will become more powerful and stable and that is the good news but still we cant predict if the price of bitcoin goes down or up until the hard fork comes becuase most of the hard for and segwit in the past is it is okay and we overcome it . Lets hope that it is the same

My personal opinion would be, It will be positive in any regard.
You accept the adaptation or improvement of Bitcoin and see that it works.
You see the flaws in the current change and make it work next time.

It has it's own pros and cons. Everybody gets a benefit out of the fork by getting the free coins in their wallets for doing nothing.
This is the only benefit from the fork. Everything else in my opinion is a negative side of the fork. The forked coin turns out to be of not much value.
Similarly the B2X coin would have no value after the fork too since there is not much supporters on that side of the chain.

I want to know about it too. ???

Wtf are you yapping about?  How can a hard fork like Segwit2x, that's as contentious as they come, be 'positive' for the whole market?

And I don't quite get the comparison with 'quantitative easing' part.  But please do explain more and enlighten us.

This is such a funny and weird world of development. When I first arrived, there was a fork planned by ABC. And several weeks ago, I was surprised to learn of a new fork. And today, after two weeks I return to this gracious channel and found out that the fork I heard about earlier has not happened (Segwit fork). The one I missed was one I had completely been unaware of (Bitcoin Gold).

Now I would like to ask is there a place to keep track of these Bitcoin forks?

I think fork isn't a good thing for bitcoin
Why is bitcoin so high right now?
Because the fork still hasn't come

Most things you need to know about Bitcoin and generally about the cryptoworld, can be found on  https://www.cryptocoinsnews.com/news/

You might not have time to analyse sewgit2x due to the fact that another hard fork will be released in December, called Bitcoin Silver. It's getting silly imo.

Initially people thought the folk is bad for bitcoin. But the experience we had since bitcoin cash as been different.We could see that as a result of fork bitcoin is gaining extra-ordinary momentum everyday.

SegWit2X is for the worst. It is a last-ditch attempt at taking over the Bitcoin network. Thing is the Bitcoin network can't be coerced, like past money has been. But some people in this world think they can make cryptocurrency political. However, you can't do that because no one owns or controls the Bitcoin network and it is completely decentralized therefore this attempted company takeover of the Bitcoin network will simply not happen.

Can you give an explanation about the advantages of doing an hardfork? I just know about the improvement of the system but in the development process and it seems the hardfork was a bit messy for some people.

That means the system is not constructed properly. But that's nothing to say about related to the development progess. But some people are concerning it as a very bad move.

The bitcoin looks the way to generate the more money through hardfork.

segwit2x was designed to improve data transfer so why not be for the better!
bitcoin silver also coming out in December, will that be for the better or for worse?

- Actually upcoming segwit2x fork doesn't matter much for bitcoin, its just a way of cloning bitcoin network with just few modification in code. Many don't support segwit2x and they will stick with regular original bitcoin chain.

- It will have neutral affect on long term but just after fork price can correct a little bit.

Yes I think this is a key time for the price to correct. Other than that, the fork doesn't offer much as far as I can see. The new coin won't be as popular as the original bitcoin.

Maybe he do pertain on the positive effects on which those forks can give on bitcoin price. This is the thing on my mind on what he meant,or any other reason.I don't know actually which we do really need to hear out his side.
Speaking with forks BCH,BTG and this upcoming B2x. I don't really care at all on what are the technical aspects or features been changed since the community wont really matter at all because most of them are just aiming for free money rather than on the true aim of that fork.IMHO

Positively, additional coins for speculation  :)

i don't think so, they devalue the value of the altcoin scene, they are not god, because everyone will just dump them to have more bitcoin ASAP, i'll dump them at the first peak like with bitcoin cash lol, eventually people will realize  that the next one will have less value than the previous one and stop making stupid hard fork

For better for the Bitcoin whales
For the worse, for the altcoin holders.

Everybody knows that the development modification are so tiny and the only thing that it will do, is makes the richest richer, and destroying the altcoin market...

I've also dumped my Bitcoin Cashs a few days after the fork in August - but with the upcoming November fork, I am no longer sure if that was the right decision. There might be a chance that both Segwit1x and Segwit2x chain die and Bitcoin Cash chain survives (see https://www.yours.org/content/predicting-the-outcome-of-the-november-bitcoin-fork-89914ce0e1f5/). Thinking of buying back some BCC because of that.

sewgit2x does not in any way affect the bitcoin in any way, only a temporary outward appearance.
look at the hard fork to play with everything after that there will be nothing left.

Segwit2x we need in order to increase unit to 2 MB and the transactions are faster to process. Now the transaction costs about 5$.

This. How could these snapshot forks could possibly help?

All they do is cause disruption, confusion and uncertanty. I know a bunch of people relatively new to Bitcoin scared of using Bitcoin because they don't want to miss the free coins coming with the next fork. Or they're naive and believe the propaganda of forks and they become certain that Bitcoin will die and BitcoinX-fork will go way beyond Bitocin's current price and they do so without a decent understanding of crypto basics.

I can't possibly name a single positive coming from snapshot forks.

All I know about the only positive thing it could bring to everyone (or maybe not) is free money on the table.
There's nothing else that can be expected for s2x to play role in Bitcoin's viability because this is just some "shit" that the developers are possibly trying to throw "forcefully" over us to accept their decision but they all know that nobody currently locks in to support s2x and this will only affect the pricing to drop down a bit for Bitcoins. Do you think this is positive?

But it's pointless, Bitcoin Silver, Gold, etc. won't ever be even comparable to Bitcoin. They're just riding the coattail of Bitcoin.

Nobody wants to switch over to a new project which only differs from one small thing from what works and established.

Forks like these aren't different from the hundreds of altcoins that were all created to take over Bitcoin except these are that much dishonest, opportunistic and even lazy because their blockchains aren't new but copied from Bitcoin.

The idea segwit2x good. The increase in unit is long overdue. All bitcoin users want the transfers were faster and cheaper. I certainly advocate this to not happen by the bifurcation. I am a supporter of planned modernization without hard forks in the road and negative consequences for all users.

For better! No real danger from "fake" nodes spammed on AWS to look like there is a support for 2x! Lightning network/sidechains ARE the future if we want fast transactions, otherwise, we can just increase blocks every year until each block will be 1GB in size ...

This hard fork will past with no real disruption and will just increase the reputation of the Bitcoin as THE store of value of the 21st century.

It may be positive for little transaction. Did you remark that Bitcoin transfer fees are very high now? And transfering Bitcoin from an Exchange to a wallet is really expensive i think. More than 5 USD... If BTC attain 10000 USD, the transfer fee may be more than 10 USD?

sewgit2x does not in any way affect the bitcoin in any way... I think is another dump way to loose mooney!!!

Modernizations has a good outcome, and most of the current situations in the world is having lots of updates and improvement particularly on digital world of Internet. That's right segwit2x is better so that there will be a more secure transactions as well as good service in the blockchain networks and to prevent traffic of the networks systems. All of those rumors and speculations behind was just a negative thoughts and not a reliable source, because it may create confusions and possible chaos.

Segwit2x is there to make bitcoin better, good for bitcoin but bad for altcoin.
This year is already too much fork, I think enough for next years >:(.

people panicked before the fork in August. The bitcoin that queues dropped too. but it was not feared. fork is not bad. People got used to it. no big panic anymore. the bitcoin will rise much more.

Ofcourse it's for the betterness of the bitcoin, but since we are in the altcoin discussion, it is dooms day. Investors store almost all of their money even though it is a month before forking that's why altcoin prices are falling but don't worry, altcoins will rise again after the fork. I'm not sure but lets just hope.  

Agreed, this hardfork is just causing disruption and confusion. Even Nick Szabo has recently come out against Segwit2x by adding the #no2x to his twitter. All the bitcore devs are against the fork and now, arguably, the father of bitcoin is as well.

Even if you are enjoying the price increase of bitcoin from this fork, it's not an authentic inflation as many investors and traders are getting in just to get free coins or ride the hype train up. It's disruptive at it's core and makes many want to stay far away from both the volatility the fork will cause and the contention behind the fundementals.

Many forks is negative, as it's splits support/market share and confuses newbies.

Ideally we should arrive at a consensus, and move forward with this, as opposed to trying to support multiple "consensuses"

Apparently Segwit2x has been cancelled now anyway.

yes - I am happy Mike listened to me and acted promptly.  ;D ;D ;D ;D ;D

No more Segwit2x. Altcoins are starting to rise. All the million dollars invested in Bitcoin in the last month will pass through the altcoins and they will experience the most beautiful period.

Segwit would have caused a lots of problem for bitcoin and cryptocurrency in general. I am so happy that this divisive fork casting dark cloud over all the hard work done over the year on bitcoin is finally over.

Positive for me, because this rally will stop. All this hype will be gone in a few weeks. I'm glad that we passed this speculation without seeing any damage.

Everybody think that it will be good fork. But no! I decided just be in alternate cryptocurrencies. Because profit can be only 1 time!!! (like from bitcoin cash).
Maybe it was just manipulation!!!!

All the purpose of hardfork are to made bitcoin block more stable and increase the security for defending from relay attack.
The bitcoin its the key for cryptocurrency's life. So it's must be prevent from the extinction

It's not so necessary now to increase the size of block. I suppose it play bad role for cryptocommunity due to separation of society into two big camps. This has already lead to new hollywar. I'm glad of its absent.

So the only thing that is most important to you is your profit huh? I guess the upcoming fork will have a more better benefit on all of us, because the main purpose of it was all about improvement. That is why it is now postponed because they wanted it to be MORE BETTER!

Looks like the segwit2x camp is further divided as some of the miners are looking to continue with the hard fork, though with significantly less support. Furthermore, even though I commend Garzik and his crew for listening to the community, the cancellation was done so hastily that I suspect they have lost a lot of the faith of the 2x community. 

how do you even know what some miners are looking to do or not do?

we just heard the news about them not moving ahead with the hard fork from the developer (Jeff Garzik) and the biggest miner (Jihan Wu). the rest of them have not made any statements yet and as far as their signaling goes, it always takes time for them to update their servers to stop having NYA in their coinbase

What do you mean  segwit2x was postpone or cancel? Where you guys seen this news ? Can you link me..
I couldn't imagine that segwit2x will be stop and cancel or this is  just postpone..
Just notice too that the price of altcoin is gaining increases.. Look at the bitcoin cash right now  i just saw the price yesterday is around $400 plus now the price is increased more than 35%..

Just not sure exactly what is the situation due to which they had to cancel this almost a week before when things was setup for them. Ideally is their anything which they are planning which dint happened and just giving us an excuse about this in their mail. They will be back it seems again in coming time.

Actually, some traders were definitely expecting a bitcoin "dividend" which was trading at ~15% of the price of BTC. That's not happening anymore, so some of those traders are selling because of that. Others were also waiting for the fork to reenter alts, and they can do that now.

It looks to me like the initial selling wave is over, and that we will see some sideways action in BTC. That should result in eventual new highs, but in the meantime, I'm looking at alts. I think there's some relief rallies on the horizon.

This looks like really the end of a nightmare for altcoin holders (like me). RIP Segwit2x, you have done already enough damage to our pockets :)

What will happen of Bitcoin Silver?  If Segwit2x is cancelled, that means that Bitcoin Silver wont be happening anytime soon by what i've gathered. No more forks for 2017 right ?