Bitcoin Forum

So many shits happening right now in cryptoworld. What would happen after the cancellation of Segwit? Also the parity issue that locks huge amount of ethereum. I just want to know your opinion.

SW is not cancelled, SW2X is.

this is good news for me , the altcoins price will rising up again ,btc price so high .

I think the cancellation of Segwit2x is good for Bitcoin, because it has been ridiculous that many forks. Decentralized should also mean that all parties should reach consensus and not wanting to force things by deciding to force a fork. It is also good for altcoins because too many investors sold them to buy more Bitcoin and get the same amount of coins in the new chain.

Regarding Parity, it is a pity. A lot of funds locked there. This is why I don't personally trust this kind of multisig wallets.

Well, we saw what happened today after the cancellation of Segwit2x, altcoins prices went off the charts and most of them keep going up at the moment of this post, good news to every holder who invested in altcoins over the last few weeks, they're making big profits.

The parity issue was just an unfortunate event caused by someone who accidentally found a big flaw in the Parity multisig and had no idea what he was doing.  And I believe this incident is actually a good thing in the long term, better to lose $150 million now than $150 billion later. Honestly, the guy actually made everyone a favor (though it sucks for the people who lost their ETH)

I think Segwit2x cancellation is a great news and just in time for a holiday party
rally in all cryptos. Parity bug find is just another one in a series and we just have to
fix and move on. There is no such thing as  bug-free Software.

Read in an article that they had to cancel hardfork because the bitcoin community does not support them "enough" for s2x to become the new mainstream blockchain.

On the otherhand, Vitalik Buterin doesn't want to comment on the parity issue, probably he knows that the frozen amount although "large" shall be a liability of Parity not the whole Ethereum platform; just my 2cents tho.

It is good news for altcoin. BTC has compressed altcoin too long and Altcoin need time to revival. Today exchange is green

Indeed the altcoin market is flying!

I wonder how many people would be upset who had banked on Segwit2x going through

The parity issue is quite unfortunate perhaps more bug bounties should be offered to help prevent these sorts of things from occurring industry wide

Just about everything I own is in the green today.  Hard to beleive, because it seems like a bad news day, but so far so good.

Awaiting new information! ;D

Oh wow, do you guys have a good article describing the cancellation?
I'm kinda curious what will happen to the bitcoin price now....

News about Segwit2x cancelled and this make my altcoins bag price increasing. Let see what happen next in crypto especially bitcoin after this.

The altcoin price is back again.. i already do cut loss for this hardfork ohh god how dare you..
 

I think not for a long time. Segwit2x is not cancelled - it just moved for some time. And who knows, when they announce a new date.

The decision taken by the SegWit2x team to cancel hardfork was taken in the interest of bitcoin community not for personal gain, they team felt that it is necessary to increase or upgrade the 2MB block to enable miners to charge lesser transaction fees having successfully done BCC  and BTG hardfork.
I hope this decision taken will have less impact on the price of bitcoin else pullback will be triggered.

Bitcoin pullback is badly needed for long term health. I think btc will go back to $5000 before institutional money coming in. Crypto as a whole will flourish.

I think we are in for an interesting month, until the end of the year. These are fun times.

I agree with you. There should be alts rally next few days imo.

I guess ETH could easily rise due to locking of huge amount because of parity bug ;)

everything is getting interesting again.

regarding SegWit2x:
we no longer have the risk of a community split and a new coin and that means investors can now come in and invest their money with their minds at ease. and also nobody can say the rise is because people want free coins anymore. and with the fights being nearly over we can focus on more important stuff such as more adoption.
there is also bitcoin cash which will be affected by this, and there will probably be a huge pump in it as promised before. and that is one thing that i will be watching.

regarding Ethereum:
another hack and it seems like people do not care about all these bugs since they are not holding any ETH in any wallet except their exchange accounts. at least majority are doing it. and it is interesting to see all the whale fake-walls that are being placed to prevent the crash :D

I thin that The hardfork is not canceled
the date hardfork is 16 nov. one weeks more and coinbase support it.

Coming weeks are going to be really really interesting.

Segwit2x may affect bitcoin price both ways, still not which way. But the only thing certain is that now the focus will be on the Altcoins at last!

In regards to the Parity loosing 150-300 million worth of ETH, let's see how the ETH community will handle this. Will they do another Fork? Personally its really sad with what has happened and indeed it not fair especially for that poor guy!  :-\

People think you will get two coins if ethereum forks but that's not the case.

Exciting couple of days, Sewgit2x cancelled, Bitcoin dropped to $6900 in less than 2mins and shot back up again to $7500...  what is happening!!! That means no more hard fork and people can relax again right?!
Can someone explain what the Parity part is though? Thanks!

A parity error is an error that results from irregular changes to data, as it is recorded when it is entered in memory. Different types of parity errors can require the retransmission of data or cause serious system errors, such as system crashes.
That's pretty much what happened with Sewgit2x

There will not be free money :P But it's not big deal for me because I've invested all my BTC into alts as soon as I've seen this news.

Really, is this true?
So there will be no more segwit2x hardfork forever? or was it just moved to a later date?

next week segwit2x will be processed. In my opinion. with this process. many people continue to buy altcoin and provide price increases. even I got a notification from one of the exchange sites that in the next week there will be a day of freezing the transaction in response to this segwit2x.

SegWit2x backers have decided to call off the fork. The announcement has been signed by BitGo’s Mike Belshe, Xapo’s Wences Casares, Bitmain’s Jihan Wu, Bloq’s Jeff Garzik, Blockchain’s Peter Smith and Shapeshift’s Erik Voorhees.They couldn’t convince enough people in the bitcoin community to make the SegWit2x blockchain the new mainstream bitcoin blockchain.

I'm curious about what the Polkadot team will do with de Parity issue

let's see what happens today/this weekend. I'm expecting a big shift of funds into the alts, just like anyone else but the question is, will BTC go down significantly? There could be a lot of people waiting to get in now that they have seen BTC's power of growth and they're just waiting it goes a little lower before jumping in.

It's good for BTC that Segwit2 was canceled, even though it didn't stand a chance at the first place. But unfortunately I think we'll be seeing this kind of attempts (to fork) very often in the future, there are just people who are looking for profit and that has proven to be the case (make forks profitable) with BTCash. Parity from the other hand is something completely different, a guy exploited the code and manage to freeze all these amounts in the apparently "safe" multi-sig accounts. What a joke, really. Anyone who is still using Parity deserves to lose all of their coins, because the project simply can't get their stuff together. Everyone should migrate to something better than simply using Parity. They lost million a few months ago due to the hack, the delayed and almost ruined the Ethereum upgrade, and now they are freezing funds because they have no idea how to read a code - what the heck.

The situation with anticipating of Segwit2X was too hot. Everything that is done is done for the best.
The parity issue will be handled in few weeks I believe.

what is wrong with the parity wallet? I know it is a eth wallet,right? If so, what is the relationship with the bitcoin segwit2x.

Could someone please recap what exactly happened with the cancellation of Segwit2x, which are the reasons and which are the forecasts? Also about the parity issue I know only the surface of the problem.

The parity wallet is frozen. Millions of ether just frozen. Read this https://bitcointalk.org/index.php?topic=2372245.0

Another hard fork on Ethereum makes me sick, VB bailouts his wealthy friends again and again, after DAO and this parity bug, he plans hard fork twice. ETH is not decentralized, but only bitcoin is.

In addition, there is a proganda happening that might reduce the price value of the bitcoin and it may give the altcoin additional momentum to arise, this proganda says that bitcoin price will be corrected soon that this will might cause panic to some bitcoin holders and sell their coins and start investing to altcoin.

Seems like the parity issue doesn't affect the ethereum community at all. It will just make the remaining eth more valuable. Good news for majority of the alts. All I see is green after the cancellation of segwit2x.

The locking of the funds is good idea for its stability in the price. For example, locked up funds in the chain would result in fixed basic market cap leading to limitation on how down it can go which is good I guess. As it has been spiked high and then locked up its good thing. But who know what may happen in few days or weeks. The cancellation has started the fire amongst the crypto enthusiast and I think people may call off their investment as well leading to negative effects on the prices and market cap as well. We are the deciding factor here. So lets see the time will tell the story.

It is actually good that the fork was "suspended" . Many of them say it is cancelled but it is actually suspended until the right moment.
They said that the community is not supporting them for the fork and hence they are withdrawing their idea to do the fork.
Now the price of all the coins including BTC will rise steadily. The fork was creating too much spike in BTC market. Now since it is supended the money will flow in all directions.

this is terrible for ethereum. right now their developers are a shame on the whole cryptocurrencies and the worst part is that they have gotten paid a lot of money for doing what they were supposed to do and are failing to do it properly. i am wondering where did the 72 million ETH premine (currently worth $21.6 billion) went if not to developers to do their jobs properly?

It is terrible for Parity Wallet.

Parity is an independent from Ethereum Network organisation which builded their Multisig Wallet on top of Ethereum Network.

If you see website hacked in Internet it is not mean Internet is vulnerable. Internet allow millions websites to exist! It means website was developed not secure. The same is with a Parity wallet.

If you are BTC holder, let say Electrum wallet was hacked. It is not means whole BTC Network is bad, It is problem with Electrum developers (however Electrum was never hacked before it is just an example)


Parity had double-trouble. Month ago the Multisig wallets was hacked with $35M this time $150M frozen. Do not use Parity wallet. Use MEW ,Geth or Gnosis.


Ethereum Network do not consider to make an EIP(Emergency Improvement Proposal) on this case or to make HF. Because it is not Ethereum internal problem.

too much drama in crypto world  :o
i dont understand why people kept using parity after the first hack.. \;

Great news!

20.000$, here we come!

Alts gonna skyrocket before that happens :) Ark up already 50% https://coincodex.com/crypto/ark/

altcoin will not rise again and fear will disappear .. and bitcoin will triumph in the world of crypto :'(

I am not sure about the effect of cancellation on Segwit2x as the fees is an issue now.
However for parity, it does affect quite a number of people who uses the multi sig wallet.
Especially the largest holder within the locked funds - Polkadot.

IMO, i think the amount should be unlocked in the upcoming Hard Fork in January. These funds gotta be released because people who uses the wallet wanted their coins to be "safe", not just gone

before to see the $20000 we will see the $5000 or even less i think
those who holded btc only for fork, will sell in next days

It's been great news that they've suspended the fork.  It was a very prudent decision, given the fact that they could not reach consensus and the community was not supporting it.  Overall, this is a very good sign for the community at large

Typical, I sell BTC anticipating a correction (still likely soonish), and then cancellation of 2X makes BTC go up like crazy...it's stabilised now but no profit in it for me :(

Parity is a mess. The only good thing it does is it looks good and it works on a browser... well it really doesn't as we can see. I tried it back then when I considered buying some ETH and storing them there thinking they would be safe, how naive.

I also tried the native geth full node wallet and it was a mess, never synced.

ETH is a fucked up coin.

Maybe the Parity bug made the Segwit2X guys reconsider the consequences of releasing a rushed Bitcoin fork. Better safe than sorry.

thats the best news ı have ever heard in a 2 months
in 2 months there was lots of fuds and btcgold fork
and then segwit2x happened and all the altcoin parity was goes down
today was everywhere is green  ;D ;D
ı hope its keep long time but segwit2x not canceled ıt just delayed so we should be careful later on

sell, BTC price should go Down now...i hope

They can announce in some weeks, that SW2X will be again, and alts will fall down at once again:)It’s just psychology you need to understand:)

It is a good news for the cryptoworld. After the cancellation news the altcoin market start increasing . Let's see in which direction btc goes.

Segwit2x cancellation is very good.I am very happy.ALTcoins started pumping.Because of the segwit2x, everyone was holding Bitcoin, so the prices of all the coins decreased.

It seems to me that undoing the S2X is very good for the entire market. After this news all altcoins are finally starting to grow!

The cancellation of Segwit2x is a fantastic move made by the Segwit devs. They have finally realized that, right now, Bitcoin is not facing many scalability issues and the ones which it faces are resolved- which means that there is no need for the fork! This saves the Bitcoin community from a huge divide and possibly saves Bitcoin itself from its downfall- which would cause a huge rush of capital from the Crypto market and set back Cryptos immensely.

The Eth parity issues are due to another network hack, but luckily it is not effecting many people- or the price as it has been steadily gaining the past few days.

Good luck and stay safe! :P

I'm not sure it wasnt just a pnd scheme for whales to dump @7700+

Which they did.

Bitcoin Core developers never had anything to do with Segwit2x. It was an agreement made by a bunch of Bitcoin service companies and miners. As such, the developers played no part in "cancelling" the agreement. That was done by a handful of the most influential companies.

But you're right that the scalability issues that Segwit2x was supposed to solve were blown out of proportion. I believe the congestion we are currently seeing on the network is partly due to concerted spam attacks by Bitmain. I'm not too concerned about it. It's annoying, but it forces us to use more efficiency in batching payments and avoiding unnecessary transactions.


It was not a "network hack" but rather a badly written wallet contract. In other words, it has nothing to do with the network/protocol, just one feature of one wallet. It sucks for those who have their ETH frozen. From a supply/demand perspective, it's actually good for ETH holders, though.

Yesterday, I got an email. I got information that Segwit2x will be held on Nov 16, but I don't know the news is true or not.  So we must preapare about it  ;)

After the cancellation of Segwit2 people will start buy alts , the party is over for bitcoin for now. About Parity, yeah, this is huge... is not the first time people loosing money because of a bug, this is a thing in crypto world that always can happen again and again..

Once the segwit resumes, I think another dip on the alts will happen but not as much as what happened few weeks ago. Since majority of the alts are recovering again

really the news is not unexpected ,, maybe this time its another Altcoin back up after the old time slumped its price ,, really unexpected ,, but i enjoy it

There are some news spreading that it is not cancelled,they are very un-professional regarding this issue!

This cancellation or let us say, postponement of the fork can really bring us to the situation when Bitcoin will start to fall gradually. Now, when many BTC holders are not interest to keep their crypto on exchanges (as they now understand they will not get free alts for now), they can start exchanging BTC for altcoins, and alts will grow.
And we saw this yersterday. What will be next - lets just see!

 

The flexibility, the dexterity, the element of surprise etc. These are the factors that make cryptocurrency so superior to any other currency. You can nothold anybody to ransome with decentralization and openess of the blockchain. Bitcoin is stronger! And altcoin will benefit from stronger bitcoin. Simple as  a.b.c..

Many investors will sell BTC to buy altcoins. BTC price will down. This is the most suitable time to buy Bitcoin.

This cancellation may have little effect on the bitcoin value, as most people will sell bitcoin as the news spreads. hopefully after this will support return bitcoin value.

Looks like attacking Bitcoin from the front didn't work so now they're going from the back with Bitcoin Cash.

Well, as what we all can see, the segwit2x cancellation really did affect the price of bitcoins big time. Because of people dumping their Bitcoins after knowing that they won't get free money anymore. And what's worse is the obvious attacks of bitcoincash on bitcoins. Plus their crazy pump, which lures unexpecting investors to bitcoin cash.

But still, i think it would be great if there wouldn't be anymore segwit2xs that will ever happen. It just ain't healthy for bitcoin.

I thought so too, but Bitcoin is recovering very quickly. For a while I thought people would get scared of the forks and move to a completely different coin, but so far that hasn't happened.