Bitcoin Forum

I just got an email from coinbase saying segwit2x is returning due to  small number of miners may attempt to go forward with a fork. What up guyz? Bitcoin is jumping like crazy due to this.

Yeh I got this also!

Dear Coinbase customer,
There have been a number of developments with Bitcoin Segwit2x since our last update. No action is required and all funds stored on Coinbase remain safe.
Last week, the Segwit2x development team announced they would no longer continue with the project. In addition, a significant portion of miners and other community leaders withdrew their support for the fork. However, despite these developments, a small number of miners may attempt to go forward with a fork.
We wanted to provide clarity about the potential outcomes of the fork and what Coinbase will do in each scenario.
To protect customer funds, Coinbase will disable Bitcoin sends and receives at 2 am Pacific Time on November 17th, and disable buys and sells an hour before the fork, which is currently predicted to occur between 6am to 8am Pacific Time on November 17th. All functionality will be re-enabled shortly afterwards.
Scenario 1: Network is unusable
If support for the fork remains at current levels or decreases, the Bitcoin2x network will be unusable. Coinbase will not support withdrawals or trading as it will not be possible to move these assets. Currently we believe this is the most likely scenario.
If the network gains support at a later date, we will enable Bitcoin2x withdrawals from the platform.
Scenario 2: Network is usable
If transactions are being confirmed at a reasonable speed and miner support is strong, we will allow Coinbase customers to withdraw Bitcoin2x. We will not immediately enable buys and sells as previously stated, but we may enable them at a later date.
We will keep customers updated through our blog.
Thank you,
Coinbase Team

same thing I received too. What is going to happening? ::)

so funny. apparently sewgit2x has failed but i have not received mail from coinbase. hard to understand. Could be the whale trap. This event is repeated. I'm not surprised

if they try to fork bitcoin now with
- no replay protection and
- no miner support and (it currently has 5.6% hashrate signalling which is the leftover who has not yet upgraded their servers it has nothing to do with support)
- not community support and
- no businesses support

they will be embracing themselves. who is the hashrate anyways? checking the stats, there are no miners left who are signalling for SegWit2x anymore!

Dont put your funds in coinbase guys, you are not going to receive those free coins, and if you receive them, there is not going to be replay action which means that you are not going to be able to spend those coins without spending your bitcoins first.
It is a risky desicion, i received that email too and i doubted to put all my funds in there to receive those coins too, but i know that all that process is useless, and coinbase is a shitty wallet, it is not worth your time and your funds of course, because it can be shut down at any moment too.

It is not possible guys, they have cancelled, there is no way to return back to the past because the fork is not going to happen, it got cancelled because the miners have decided not to do it, is it a joke? they can not just change their opinion in a few days, it is like a game.
It is not possible, i dont think that they are going to release and give those tokens to us, maybe it is a massive pishing email that we all received, or fake news, who knows. i dont think that it is going to be done, at least not for now, because it got cancelled five days ago.

I have 2 question.
What time is supposed the fork? At 2 pacific time, or in 6 hrs later at 8?

Scenario 1: network is unusable - which network Segwit2x or current- means that I will not able to handle BTC or new coin?? Or withdraewal money too?

What the hell is this? What do they think they can achieve with this? Bitcoin has been incredibly bullish, could it have something to do with this? This is getting ridiculous. First, BCH got pumped and dumped, leading to lots of people losing money, and they might do the same with Segwit2x. This is just plain toxic. I guess it's true that where there's money, there is greed.

If they went forward with it right away I think it would have had a shot to be successful but confidence is broken at this point. If the fork happens I'll be converting my segwit2x coins to BTC.

What wallet should we put them? I don't know which wallets are supporting segwit2x coins after the resurrection.

What the fuck, i was not expecting this to happen again, but why they have decided to do it now? far as i know you are only going to receive them on your CoinBase wallet, that is the only way to claim them because i have not received anyother email from another wallet like xapo, blockchain.info, etc, i have nothing in my email.
But this is weird, they just told us everything a few hours before it is going to get done, i dont know if it is going to be a safe process because they are going to disable withdrawals for more than 12 hours, which is a very weird situation at all.

New email come.

Don't be so dramatic over a hard fork planned by a small group of exchanging scammers, Yobit couldn't wait any longer, They now have their own fork of bitcoin, Coinbase has the same ambition, Do you remember last year we used to talk about different ways of destroying bitcoin or make people to lose their trust in it? One of the options was rogue exchanges trying to take over bitcoin with chain split. None of the chain split coins are legit. Buy some gold and take it to the gold smith and ask him to give you double the amount of gold after a few days, Just make sure to wear an iron pants with armor before doing this :D He might assault you sexually :D

Yeah, I also received that email. Im not interested to read it so i didnt open it. Wht's the use? I dont have any bitcoin now. I withdew all my btc aftet the announcement of cancellation of segwit2x. Anyway good luck to all who will support it.

I wonder whether Bittrex is also still 'supporting' the fork. On 7 november they said they would (https://support.bittrex.com/hc/en-us/articles/115002603211-Statement-on-Bitcoin-Segwit2x-hard-fork) and there hasn't been any statement after where they said they no longer will.

or maybe it is just a scam not worth your time to investigate

Segwit2x has already failed don't know why coinbase is still sending such email to users, may be they just want to play with that shit for few days. There is no any dev, community, miner support for segwit2x and without that it will be just like another bitcoin clone just introduced in the market by few people.

Nothing more than another shitcoin even if coinbase will credit b2x tokens right now..

it will be so risky to put your money in 2x Because till now it is few developer support it with out any real trusted system with plan ,

what make price crazy is many markets plan to accept bitcoin

There was a group that said they'd continue the fork...I can't remember what it is called, but they claimed to have 1/3 of the hashing power or something. I believe it was proven that they would have less than 5% or somewhere in there.

I think that the problem is that any user can trigger a fork. The people behind Segwit2x might have backed out, but there may be rogue elements who still want to go ahead. I think such forks will die a quick death and will remain a footnote in Bitcoin's history.

Exactly that is what the email from coinbase stated. Even though the community leaders withdrew their plans to go ahead with the fork, there may be a small number of miners who may try to go ahead with the fork. That is the reason why coinbase will disable buying/selling and any kind of transactions on November 17th for few hours to protect customer's funds. However, i feel there is no reason to worry because if the fork is not supported by a majority of the miners, it will die a super quick death.

What a joke.

I think coinbase behind this.

I am sorry? I am so confused right now.

It stated: Segwit2X team has stop the development, but there are groups of small miners are still mining it?

1) So what does this means? As long as theres still 1 miner mining until block 494784, The HardFork will happen? Is this how it works?

2) Therefore, if that happens, meaning the new HF coins will never get updates anymore LOL? since the team already stopped the development i suppose?

3) If the Signalling on the HF is not 90%, how can the HF happen with small miners?

This is a disaster I would say, considering today is 17th and an unplanned fork would make the network unstable, I am 100% sure this is not the real segwit2x and a mischief to bring instability to the network, though I know we all would get free coins, but I am telling you'll, this is not good for the network, I hope this flops or the major miners of segwit2x come out and openly declare their stand.

How does Coinbase benefit from this?  They announce they'll suspend Bitcoin trading for a period, so lose commissions/traffic there.  They also state they expect the fork to be unusable.  I dont see what they gain through this action.

I agree with the above and like this post very much.
I am really tired of all this forks and all this mess around Bitcoin. I could understand that gov or banksters can hate Bitcoin, but cannot understand why crypto-enthusiasts could do "a lot" to destroy the value of our grandpha BTC.
Seems greed is much more valued nowadays than common sense.
Amen. 

Have you read that email completely bro. It states that all the miners and developers are going to stop the project dude.
Most possible very few amount people only involved in this fork and that is expecting to happen in pacific time 6:00 pm i think but not sure.
They will lock the transaction for some hours until that happens. If you need to make any transaction please do as soon as possible for today.

That is fake. I did not hear any thing about Segwit2x start again. they just wanna pump Bitcoin price

I think there will be madness again this weekend, like last week with BCH, this time with b2x. BTW, on HitBTC too pumping the price of b2x.

Will I get free b2x?

yeah when i got this email yesterday all i could do was laugh. Some very small group of miners is still going forward with the fork. Not sure why Coinbase is even bothering with this, it's a dead fork.

New horizon of scam LTD for noobs? :D You should all leave Coinbase and other exchanges alike before something like bitrex happens and regret it for the rest of your lives, Many noob investors have lost millions of dollars to bitrex scammers, Suddenly if Coinbase blocks all accounts till further notice because SEC told them so, No more bitcoins for you. If you lose your precious BTC it'll be your own doing, Don't be greedy. In regards of hashing power, Again don't be a noob, Even with a broken laptop mining on BTC only 2 weeks we would suffer, After difficulty readjusting everything shall go back to the way they were, Only with a much cheaper bitcoins :D
Right after losing your bitcoins :D Also tiger in mind, After 8 years bitcoin has reached such marketcap, These LITTLE Wu wannabes if had billions to put in on B2X for starting the market they would've used it to do something else other than scamming people :D

Yes, I got the same email this morning from coinbase.

Dear Coinbase customer,

There have been a number of developments with Bitcoin Segwit2x since our last update. No action is required and all funds stored on Coinbase remain safe.

Last week, the Segwit2x development team announced they would no longer continue with the project. In addition, a significant portion of miners and other community leaders withdrew their support for the fork. However, despite these developments, a small number of miners may attempt to go forward with a fork.

We wanted to provide clarity about the potential outcomes of the fork and what Coinbase will do in each scenario.

To protect customer funds, Coinbase will disable Bitcoin sends and receives at 2 am Pacific Time on November 17th, and disable buys and sells an hour before the fork, which is currently predicted to occur between 6am to 8am Pacific Time on November 17th. All functionality will be re-enabled shortly afterwards.

Scenario 1: Network is unusable
If support for the fork remains at current levels or decreases, the Bitcoin2x network will be unusable. Coinbase will not support withdrawals or trading as it will not be possible to move these assets. Currently we believe this is the most likely scenario.

If the network gains support at a later date, we will enable Bitcoin2x withdrawals from the platform.

Scenario 2: Network is usable
If transactions are being confirmed at a reasonable speed and miner support is strong, we will allow Coinbase customers to withdraw Bitcoin2x. We will not immediately enable buys and sells as previously stated, but we may enable them at a later date.

We will keep customers updated through our blog.

Thank you,

Coinbase Team

So does it means that due to segwit2x that's why bitcoin pump this hard again??anyways my predictions are right segwit just got postponed and settle some issues abd soon be back to continue the fork but whether there is a fork or not I think bitcoin market will not be affected instead more people will still go to bitcoin investment and maybe take segwit as an option for additional investment

if you read the Email from Coinbase you can see that they are not claiming anything about any "return". you misunderstood the email actually. they are just issuing some warning which is the safest thing to do when you are running a service like what Coinbase does. you warn your users that there may be some instability soon because of the possible fork.
the group which said they are going to fork bitcoin is mostly a joke but a service like Coinbase needs to take all possibilities in mind.

right now all the hashrate has gone out of SegWit2x and only about less than 7% remains which is probably some servers that need upgrading to stop signaling for it. and when things are like this you can not make a fork.

haha no Bitcoin is not pumping because of a few random miners who decide to fork to create a dead coin. Bitcoin is pumping because it is Bitcoin. No one cares about this zero support fork, hell no one even knew about it until coinbase sent out this email yesterday, one day before the fork. This is not Segwit2x, this is just a few miners forking just cuz they feel like it. There will be no user, wallet, or exchange support for it. It's a joke.

Dead horse coin

https://coin.dance/

Some of the big pools are doing this to fool small miners, If all the small miners think that any of these forks are profitable and leave bitcoin mining to join other blockchains, You have yourself less competition in mining bitcoin :D

With your stash on the line they should be afraid.

I don't think it will happen especially after reading some tweets by Peter Todd. 2x has some technical issues that still haven't been resolved. If they had everything ready in time it would've happened already.

Exactly that is what the email from coinbase stated. Even though the community leaders withdrew their plans to go ahead with the fork, there may be a small number of miners who may try to go ahead with the fork.