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Title: [2017-11-07] Bitcoin Dev Jimmy Song On SegWit2x - it's complex! Post by: stuartgh on November 07, 2017, 10:55:10 AM Quote Bitcoin developer Jimmy Song has said none of the most common predictions for SegWit2x will in fact come true. In an analysis Tuesday, Song said that the result of the upcoming Bitcoin hard fork will be more nuanced and that straight cancellation 2x or full surrender by Bitcoin Core were “highly unlikely.” “Big caveat is that I don’t expect any of these scenarios to come to pass,” he said introducing the current and future landscape. Warnings surrounding Bitcoin following Nov. 16’s hard fork have tended to center on an all-or-nothing scenario, where the industry selects either the 2x chain or shuns it within a short space of time. Song says the reality will be more complex, revolving around miner profitability over the next six months. https://cointelegraph.com/news/bitcoin-dev-jimmy-song-on-segwit2x-no-simple-situation-is-likely-to-happen Title: Re: [2017-11-07] Bitcoin Dev Jimmy Song On SegWit2x - it's complex! Post by: DooMAD on November 07, 2017, 11:10:26 AM Quote Bitcoin developer Jimmy Song has said none of the most common predictions for SegWit2x will in fact come true. In an analysis Tuesday, Song said that the result of the upcoming Bitcoin hard fork will be more nuanced and that straight cancellation 2x or full surrender by Bitcoin Core were “highly unlikely.” “Big caveat is that I don’t expect any of these scenarios to come to pass,” he said introducing the current and future landscape. Warnings surrounding Bitcoin following Nov. 16’s hard fork have tended to center on an all-or-nothing scenario, where the industry selects either the 2x chain or shuns it within a short space of time. Song says the reality will be more complex, revolving around miner profitability over the next six months. https://cointelegraph.com/news/bitcoin-dev-jimmy-song-on-segwit2x-no-simple-situation-is-likely-to-happen Yep, the "wait and see" factor will mean that it will probably take a while before anything definitive can be concluded. Both chains are going to compete on the open market because there's simply no other way for this conflict to be resolved. It's understandable that people don't like uncertainty, but it's just one of those things we'll have to live with until it is resolved naturally, however long that might take. |