Bitcoin Forum

Hi guys,

This news just came out of the blue... The site even mentions distributing part of Nakamoto's original BTC as a reward to support the split! If it weren't official news I'd say it's a scam or a joke... Even wierder, even though this has the potential of skyrocketting the BTC price in the next 24 hours, like noone is talking about it...
What do you guys think of it?

https://cointelegraph.com/news/hard-fork-take-two-segwit2x-will-return-dec-28-says-founder

I guess that's because it won't be the first time, and it may fail. Nethertheless Bitfinex has prepared us for this date.

This will be a good development. Lets see how how it plays out.

Yes all good news but the miners of BTC are going ape because they know the jig is up
for silly priced transactions fees.

I will mine Segwit once i learn how to do it for free because I don't like the
blackmail we have been getting from the miners and will send them a two
finger message

A few considerations about the B2X or (wrongly called) SegWit2x hardfork.
Website: http://b2x-segwit.io
ANN thread at BTCT: https://bitcointalk.org/index.php?topic=2595620

✱It has nothing to do with SegWit2x (a previous proposal)
Yes, it has the same name but no, they have nothing to do with each other.
It doesn't have the same developers or have the support of anyone (exchanges do not count).
It is not even an "update" of Bitcoin.
This is NOT a fork: https://goo.gl/8DcGsE
Why have they chosen the name SegWit2X? Because it's free publicity and adds legitimacy, which for a scam come great.

✱It will have a premine of 2,000,000 coins (9.5%)
They forgot to add it to the website... sure 🙄
https://github.com/SegwitB2X/bitcoin2x/commit/08220e2a3c8ba8f53801302a8b7b6d6da5a39645

✱They don't have a damn whitepaper (Plans are for noobs).
Is it really difficult to create a PDF with the usual tech specs and the ideas they have or the research they have done about it?
(sigh)

✱Their media
The vast majority are press releases (paid or not) but they follow, in my opinion, a very clear editorial line: confusing readers by making them believe that the coin represents the old SegWit2x proposal. (I repeat: they are NOT the same)
For what? Seeking legitimacy.

✱Their "team"
NONE of the former developers of the SegWit2x proposal is involved in this project.
To date, you cannot verify what real skills they have.
They are (https://goo.gl/wkqZDd):
1. Jaap Terlouw - Founder - Refusing to acknowledge that he is the founder.
2. Sairam Jetty - Team Lead Developer - Completely denied any involvement with the project. Left.
3. Donna Khyuz - Business Developer - LinkedIn profile taken down. Unreachable. Supposedly denied her involvement.
4. Robert Szabo - Core Developer - Unreachable.

✱Personal opinion
This is fishy as f*ck. The fact that they have used the name of SegWit2x is already something shameful. Using the name of another project, which won't do more than confuse new users, is NOT justified.

This is crypto, everything is open source and community, but such actions will NEVER be well seen and is an insult to the developers of the first project, the SegWit2x proposal https://segwit2x.github.io

Honestly, there are better coins and projects to pay attention to than these garbage projects.

Can we talk about these crypto developers please because they are straight out from academia and have made a right
fucking mess so please step in to the ring if your a programmer and lets go toe to toe.

I will start with the 200gb data structure (Linked list of blocks) that does not scale or it would do a lot more than
7 transactions a second before moving on to this CPU war that has been created to waste energy and make big
oil more money and to sell hardware because PoW= rev car engine, keep car out of gear

Segwit2x Is Back-Bitcoin fork scheduled for 28th December 2017

Segwit 2x hard fork was Originally scheduled for November, the development team cancelled the fork amidst controversy and strong division in the community. In an official statement, the team recognized that they had “not built sufficient consensus for a clean blocksize upgrade at this time,” foregoing the fork in an effort to “[keep] the community together.”

Read More: https://bitzamp.com/3645-2/

The community has resulted in transaction fees going from $0.05 at the start of the year to $30-50 today
and the consensus is that we don't need to stand for it and these fees started to rise and rise fast as soon
as the Segwit team threw in the towel.

Bankers have taken over here and Lightning with it's term they call "Hubs" is just another name for a "Bank"
See https://www.youtube.com/watch?v=UYHFrf5ci_g

Playing with the block-size or timing is just window dressing and what they need to add to the code is this line

Public static Money MaxFees=$1.50 in the Segwit2x fork

It looks fishy indeed but what about the talk of distributing Satoshi Nakamoto's bitcoins as incentive? I mean, if the man himself is supporting the split then this is the way to go, no?

Which wallet or exchanges will have snapshots and accommodate B2X..?

So finally, some more free coins eh!?
Can't believe my eyes when I watched this news that shocked me the next minute I came to know that s2x is happening. Not just that, worst are the futures that spiked to almost 300%. What are they doing with the Bitcoin's economy? Just trying to create more and more coins on the name of Bitcoins - THEY ARE LITERALLY USING BITCOINS AS A COVER TO USE IT TO THEIR ADVANTAGE". I don't know which exchanges are going to support it, but now I don't get worried about these "alts" that claim to fork out of Bitcoins, they will always be worth free coins to me and who likes to say no to free money? :P They can't beat the magnificence of Bitcoins as they are all a crowd of stars while Bitcoin will always remain "the SUN".

He is not supporting this.

This is a scam.

* Please read regarding scheduled hard fork proposal on block 501451:

https://medium.com/@hackology/segwit2x-comes-back-as-scam2x-c1c71a91f1c9

https://medium.com/@nicolas.etienne368/fake-segwit2x-fork-by-jaap-turlouw-7d06e5703cba

https://github.com/SegwitB2X/bitcoin2x/commit/08220e2a3c8ba8f53801302a8b7b6d6da5a39645

It's NOT true.

This is a bad development.  Did you read what they are doing?  If you do not have active bitcoins (active according to their rules which means sent from one address back to the same address between early Nov and early Dec OR between early Dec and early Jan) AND you submit your transaction ID to their web site (effectively identifying you by IP and potentially tying your coins together) YOUR scam-coins will be deemed "inactive" and "redistributed" (stolen).

Anyone who falls for this nonsense or supports this fork shows their true colors: ready to steal from "inactive" users to enrich themselves.  Pretty much the opposite of the bitcoin premise.

This is not the original Segwit2x, but someone hijacking the name and making the proposal even worse than the original.

ok thanks for clearing that up guys! So, no free Satoshi bitcoins, damn (although I was kindof expecting that ;))

It's unthinkable to me, someone intending to steal the bitcoins of Satoshi.

That can only be done by changing the rules of mining, to allow the miners to take that number of coins without knowing the private keys.

You’re probably thinking of United Bitcoin. They are doing that crap.

Although this b2x has nothing to do with the original Segwit2X fork. And they do plan to redistribute satoshis coins by some means.

The way I understand it is, they are locking of a specific amount of the first-mined blocks of the b2x chain. Starting from the genesis block and Up to 2 mil b2x, to stop them from ever being claimed by satoshi and crew. Then they are going to somehow premine 2 mil coins and distribute them “fairly to all their loyal supporters”. Whatever da fuk that means.

I think you are right, that is United Bitcoin, but whichever one this is, if they think it is okay to steal Satoshi's coins while trying to cover it up by using phrases like "redistributing" or "distributing" to cover up that fact, it is a bad idea with a bad precedent being set.

6,000,000

FROM EACH ACCORDING TO HIS ABILITY

TO EACH ACCORDING TO HIS NEED

FORWARD, KOMRADES!

:(

How can you tell this is official from a news article?

It's like a season of forks is going on where "forks" are raining like hell.
I guess there will probably be no distribution of the so-called "long-awaited" B2X coins as they have proposed a different thing which makes it look completely different from the forks that happened earlier already. The "new" B2X devs are saying that they will premine the number of Bitcoins "Satoshi Nakamoto have in their wallet/s" and these devs will distribute them with those who will be supporting the project, no more further statements related to this premine idea have been disclosed as of yet. One more shocking thing here that they are not just going to increase it to 2, but 4MB blocks and the algo will also be different - X11 with 2.5 minutes block intervals as well, and they claim to implement replay protection as well as using zk-SNARK technology to let their users transact anonymously. All-in-all, it doesn't really look to plunge into, I would advice anyone who is interested in this to be very careful when it comes to using your private key(s) in order to claim coins (if they ever come up with this for Satoshi's coins distribution).

Reference for information: https://www.ccn.com/bitcoin-hard-forks-not-segwit2x-looking/

ALL HAIL THE NIGERIAN EMAIL SCAM APPLIED TO BLOCKCHAIN FORK!

Like they asked people to help them "transfer their money out of their country"?
This really looks somehow a more shady act, I believe that after seeing more and more forks taking place with different types of ideas implemented in each but with the name of "BITCOIN", the "new" B2X developers decided to take a stand and come up with the project, but this time something new. They must have thought that why should they (B2X devs) lose a big share of the markets when others (those who are "insatiably" announcing as well as launching forks) are not leaving it? This has all become a money-making drama that started with just one fork on the name of Bitcoins and now they are launching it all as if they are dropping their pieces of "shit" over the network.

Yeah exactly I couldn't agree more with you on this, all of this is just a money-making scheme, I'm sure the devs implemented this fork not to improve bitcoin's network but to create a ton of money for themselves. The article alone seems like an advertisement to encourage people to support the fork. I'm quite confident that this fork isn't helpful to bitcoin at all, when the first fork happened they promised us that it will be better for the network, they said that after the fork there will be faster transactions and lesser fees but that never happened fast forward to last week, the network was so filled with unconfirmed transactions and bitcoin's fees just spiked up like crazy, now another fork is happening, I'm still quite confuse if this is a real fork or just a hype for people to buy more bitcoin, I don't really know but if this is real then I hope this can really fix the transaction problem and I hope it can really lessen the fees but honesty I doubt that.

Again, this has nothing to do with the original Segwit2X and the NYA agreement.
Completely new fork, they are just using the name B2X and Segwit2X, to get some free publicity.
I’m not even sure it’s a real fork, heh.

We’ll see.

Yeah, that’s what I read in their github.
6 mil total.
2,000,000 each, to 3 different addresses.

Cheeky monkeys ;)

Well, it’s open source, so they can fork off and do what the hell they want with their code.
But I don’t think this coin will fly at all, so don’t expect mass adoption, moon and lambos just yet, heh

This coin does not even compare to Bitcoin. They will steal Satoshi Nakamoto's coin. LOL! Is he unworthy of his coins? And what about the real use of the premine? How can that be enforced? This is obviously a scam coin, and price will crash to zero in the long term, I assure you. Why would someone even care of this coin? It is born as a scam (copying the name of NYA coin and stealing coins from legitimate users such as Satoshi).

We agree, it looks like scam coin, but too many people was thinking the same about bitcoin cash

But bitcoin cash didn't attach its name to a true (though controversial) project such as segwit2x. This is scammy at start. That's the difference imo. They pretend to be who they aren't.

God, why are people talking about segwit2x again? segwit2x is dead, nobody supports it anymore, yet im starting to see threads about it, not only here but on other forums, something is happening.

I think someone has decided to go through with it to make another pump and dump forkcoin, trying to capitalize on the fact that segwit2x had a lot of media exposure in the past, so it would get headlines if it restarted.

This is most likely a waste of time and not worth it for me to research further, so if anyone want's to drop some TL;DR on it please do so.

TL;DR


Unknown backers and devs. barely any real work done on their code. Except the premine bit.
Probably good for a dump, if you can bother exposing your keys and moving ur btc.
Nothing more, nothing less.

This Segwit2x is a big joke. I took my time to read the available information about the Segwit2x team. The credibility of the team in terms of blockchain development and coding leaves a lot to be questioned which to me is a red flag.

So at last, nothing happened or what?  ::)

30% premine!
Who will support this shitty fork?!
People like this give bitcoin a bad name.

I don't understand why people bother about this scam coin! This is a bad example that may lead to other scam coins. Please do not trust or give audience to that.

Consider it a test, probing for weakness of the BTC algorithm and implementation.

This will not stop. This is only starting.

Is this Segwit 2x split off the original team? It was a free marketing campaign, but it didn't work, and nobody recognized it.

This is just another random fork that has nothing to do with bitcoin cash or the bitcoin devs.

Yeah it took me almost half a day of researching just to find out that this fork is no way related to bitcoin cash nor the original devs of bitcoin, this fork is not even created to improve the current bitcoin network and this fork has no advantages to the bitcoin project at all, I don't even know why some people are so stoked that it's happening. That's why no popular medium outlets are hyping up this fork because this fork is not even legit, most people are calling this new forked coins a scam coin. I even thought that most exchanges are supporting this fork but in reality just two sites are supporting it and that's hitbtc and yobit, it's a shame that I sold almost a quarter of my altcoins just to receive this new fork coin but then after the fork I realized that the exchange that I'm currently using doesn't even support this fork, tsk tsk I guess lesson learned lol always research before doing something important lol.

Another useless fork bitkoin. I do not see any point in this coin, except how to gamble and enrich developers

This is one of the most ridiculous things i have ever heard - basically they want to get ALL of their pseudo bitcoins for themselves and still pretend they get some value. LoL.

Why are people calling this a random fork?

This was actually a huge topic of debate amongst miners and btc communities since last summer.
Consensus was reached with people backing out at the last minute which made segwit not go through.

Now, they implemented it to very little fanfair because people are tired of the entire fork drama.

But the thing is, btc does need to be fixed.
We do need a fork that the vast majority of the community can agree on because btc is becoming unusable.
Who on earth wants to pay a $20 fee and wait an hour for it to be confirmed?

The major problem is, miners make TONS of money by bitcoin being unscalable.
They throw out things like, "Oh! We want to keep the original tech decentralized!"
Well, btc is not decentralized as long as miners can manipulate the community into not accepting a fork that will benefit btc in the long run.

Now, it is a lost opportunity cause no one will accept segwit, even if it can help btc's scaling issues.

I will get free money and dump this on the first day available on exchange  ;D