Bitcoin Forum

So what's going to be the deal with this?

Now it's all sweetness and light as Segwit smiles upon us, what do you reckon will become of the 2MB hard fork?

Will everyone who agreed to it fall away and wait to see what Segwit does or will they follow through?

Hard forking seems rather more fundamental to me.

It's just the next event on which speculators can speculate (and trade). :)

It will depend on the stance of popular services, like exchanges, which chain they will support as Bitcoin, and which as altcoin. If majority will vow to reject 2mb fork as Bitcoin, miners might reconsider forking, and it won't happen at all or will get very small hash power. But if some users will stick with Core, and other with 2x, than we might witness the biggest split in Bitcoin community and probably a big short term crash. But it's hard to predict it now, because no one seems to care about it now, with all the attention around BIP 91 and BIP 148.

I believe the miners and colluding market makers (are they the same?) will use the impending event to create a complete shit show of volatility.

Honestly, I'd be surprised if anyone really wanted a forked Bitcoin. Two chains would create a bad perception and too much future uncertainty. I'm more concerned if the core developers would still be willing to work on a forked 2MB chain. Right now I don't trust anyone outside of the core team.

You have a point, could they (core team) reject to work on 2Mb fork? If miners and market makers already agreed to support 2Mb hardfork. I should ask core devs, maybe. Hopefully, I could get clear answers about it and not so complicated to digest :D

My questions is : Does hardfork even necessary or not? My concern about bitcoin usability, whether we could go to mainstream digital currency which there are some issues have to be solved regarding high fees and how long it takes for a transaction to be confirmed.

More fundamental? What does that mean? A debatable hard fork such as this one is very risky and all the gains that Bitcoin have made from the BIP 91 lock could all go away on a threat of a split.

Segwit is about to get implemented most probably, but with it comes a 2MB hard fork. Whether the 2MB hard fork will have teeth is an open question, but the fact that a significant percentage of the economic nodes have signed an agreement to hard fork means, well, that there will probably be a hard fork. If there is even a little resistance to a hard fork, we can expect two Bitcoins around November. The Bitcoin scaling drama isn’t over. This is may be the 2nd inning. In the meantime, enjoy the price.

It is very difficult to enjoy the price when it changes quickly and within a day can fluctuate within - 500 dollars. The crisis in bitcoin will not work even after August 1. Unfortunately, for a long time we will see this instability

As far as I'm aware, segwit2mb has been appreciated, however, recently, many experts say it has a flaw, it can make bitcoin become less secure. I do not really know about it, but it makes me nervous.

Not gonna happen. The other side has no competent developers and the majority of users won't follow or use their completely centralized chain.
However I could imagine some certain characters creating enough FUD to manipulate the market.Wild swings are definitely going to happen.Again it will be a possibility for the smart and fearless guys to accumulate more coins for a relatively cheap price, whatever that will be. After this issue is solved as well we continue moving up before another short to mid term beark market will happen (inevitable!).

The 2MB hardfork is most likely going to be the same drama all over again, especially since the pros and cons will be even less technical and even more political in nature. But I think it's still too soon to tell, we're not even fully done with SegWit vs BTU/BCC/BTCABC yet, even with BIP 91 having locked in.

We all delayed the chaos since it is presumed the technological mindset and development will solve the essence of the problem sometime in the future.
If we do hit the 2MB hard fork at that time without a resolution we can certainly look forward to munching more popcorn and watching the drama from the sidelines.

The 2 MB hardfork will occur I think in November and 85% of miners seem to support it as per the New York Agreement. It is possible the rest try to branch off but I think they will rather follow the money and keep bitcoin intact and immutable than doing a chainsplit.

It will obviously be a source of FUD and volatility but if it passes without problems the sky is the limit as to where the bitcoin price will go. Then starts the debate of how to scale bitcoin 1-2 years from now when the blocks are full again and the fees start increasing...

so far to see, it is inevitable for hard fork, but never knows that whether there will be a reversal on August 1. never know what the taste of the next piece of chocolate.