Bitcoin Forum

List of attempted (failed) takeovers of Bitcoin:

1) Bitcoin XT
2) Bitcoin Classic
3) Bitcoin Unlimited
4) SegWit2X


List of the people involved with these attempted takeovers:

• XT: Mike Hearn, Gavin Andersen
• Classic: Gavin Andersen, Thomas Zander
• Unlimited: Zander, Peter Rizun, Roger Ver, Jihan Wu
• 2X: Jeff Garzik, Roger Ver, Jihan Wu, Stephen Pair

https://i.imgur.com/jBoeDK2.jpg

#NeverForget who the enemies of Bitcoin are.

https://pbs.twimg.com/media/DOIDnu8W0AYZwsu.jpg:large

https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html

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The first Coup d'etat was defeated.

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Update 1: Stephen Pair trying to save face with an article: https://medium.com/@spair/segwit2x-should-be-canceled-b7399c767d34.

And Bitcoin is going crazy. 9K by the end of the day?

Fantastic news to end the year. Let this explosive price run be a testament for future hard forkers: The market doesn't want no fucking drama, they want certainty. Once certainty was re-established, a long green candle has been delivered, right on time for x-mas.

It looks like they pushed it until the end. Im sure they knew they would cancel it a couple of days ago and already low key bought the dip to deliver the news now. Well, at least they did (were forced to) do the right thing.

Amazing! this is just music to my ears. Finally the coporates and the fraudsters gave up on their cruel plan to take over Bitcoin. I knew it would end up bad and it was very obvious beginning with the lack of replay protection, it was meant to be dead from the very beginning.

Now the best part is, the community will united once again and we can finally focus on working towards improving Bitcoin and help Bitcoin scale over time. I'm sure the Bitcoin core team have a lot in plan and possible we can expect to see a hard fork sometime in the future.

I think that it's becoming quite obvious that consensus is also important to be drawn from core Bitcoin developers.  No "agreement" would get far without support from those that are already standing behind the development of bitcoin.

All the drama for nothing!
So what is the next step for Bitcoin now and what can we expect from this.
(without the "going to the moon" posts type)
The price went from $7200 to $7700 in 15 minutes and then 15 minutes later back to $7100, what's going on?

Lol it is real. They have stepped back.

Bitcoin didn't die 484859th time. How surprising. ;d

We can breathe!! tanks for the fantastic news.

long live bitcoin!

Lots of action on every front now!

Good to read this.

Survived again ! ; )

I wouldn't prefer that although this spike is a sign of confidence, i.e. nobody wanted the 2x garbage.

They are trying to avoid as much humiliation as possible.

Next stops: Signature aggregation and MAST.

1) They are the de-facto standard behind Bitcoin.
2) They are almost always right vs. other "developers" (see Hearn, Gavin, Garzik, Zander).
3) They are cypherpunks and immensely value decentralization, unlike the greedy CEOs that aren't much smarter than your everyday stray.
4) A lot of people support them due to these values, especially the 3rd ones.

Therefore, consensus without them is almost impossible as the community does not want something else.

THANKS MEN FOR THE INFORMATION

I wonder if anyone will still go through with the fork, even if it's just one miner. They'd probably lose loads of money if they even get a single block.

edit: What do you think is going to happen to the B2X futures? Down to 0? The B2X tokens will probably be stuck forever with no blocks being made.

So happy to read this. Huge weight off my shoulders. Long live BTC

great news!!!btc will hit 8000 soon

I am glad they took decision sincerely. Bitcoin is experiencing bullish run recently and bringing a fork without major consensus would have disrupted the growth and bitcoin market which is getting global attention right now.

Now altcoins will grow as well along with Bitcoin. Money will flow among altcoins too and the long period of alts bloodshed will come to an end.

On the whole a best news for whole crypto market!

I also think this is fantastic news for Bitcoin, long live. I think there have been too many hard forks already and I call them opportunistic, such as Bitcoin Gold. The community needs to keep Bitcoin strong.

Price will rise to 8k at the end of the day lol

Failure of segwit is the best move. Thanks for the information lauda.
Your doubt is one side correct because no one will do dramatic without any effect behind that.
There should be some tricky behind it also towards it.
Next move in bitcoin will be updation in blockchain tech or financial adoption by anyone.

99.9% sure lol

What does this mean for BTC price in the next weeks and months??

what will the results be?
will bitcoins value increase or is it just euphoric speculation and a significant drop will follow?

No - it seemed to jump by a few hundred dollars and now it's hovering, not quite sure what to do next, now all the drama has gone.

I expect we'll get some profit taking and then back to moaning about mempool backlogs. And providers like Bitpay will finally add some alts so that people can buy stuff with low fees.

Great news. Now we all know what is main coin.

another victory hail king Bitcoin, now, is it time to move into alts? would bitcoin still continue its growth or theres a correction incoming?

the crypto did not finish to surprise me lol

How come price is rising so rapidly right now? I thought it was because of segwit2x, but now i dont get it anymore.

I also thought it got higher and higher cause the fork.

But now after these news it rises even  faster!
Very Strange, you never know!

But the question is: still invest in BTC or wait for
a correction and if so, where will correction stop: @ 6500?
And then 8k und up?

Good news for all Legacy  :)

BTC price should jump close to the amount that the Segwit2x futures dropped by right?   8000+ here we come!

"SegWit2X Suspending plans for the upcoming 2MB upgrade." https://t.co/SwoCdxG4JL

Charlie Shrem
BREAKING: "SegWit2X Suspending plans for the upcoming 2MB upgrade." https://twitter.com/hashtag/Bitcoin?src=hash https://t.co/9eWcFOBm2A

Price is incredibly destabilized right now. It's totally roller coaster.

Stronger every day, fantastic news. The focus now must be on development and scalability.

This information is soothing as tension will calm now and BTC will continue its rise and full liquidity. Congratulations to all miners and patrons of BTC.

Gentlemen, see you the moon.

http://78.media.tumblr.com/b38666fe18a651c629984706177def67/tumblr_mjyx51ApF21qes1tyo1_500.gif

Reading information about Segwit2x, I knew it will be a disaster if ever. Well, thanks to the people who made this decision, it's really a good thing that they suspended it. Now, I'm waiting for bitcoin's market value to reach $10,000, maybe this month? :D

Great news altcoins are going crazy !!

What good in this news? It seems to me that this is not a final decision. If the problem is that hiding from it will not work. It will still have to decide. Perhaps the supporters of increasing the size of the unit will pause in order to better prepare for this. I hope that they will find arguments to convince the miners and we will see what bitcoin will become better.

fees will rise to 8k

yeah, from 6200 euro's to 6800 euro's and now 6180 again XD

Altcoins now go to a moon, at least for some period. NEO shows best grow right now.

Great news! Thanks for the info.

I am wondering how this will affect possible future forks. Before this one was cancelled I was seeing more forks upcoming. Bitcoin silver was announced for December already, after Bitcoin Gold, Bitcoin Cash and Segwit2x.

Will this cancellation make people think twice before announcing future hard forks?

Not just for a short time, many were due for a rise anyway. Monero, Dash, LTC, all in dips before Segwitx2. They will head back to their BTC highs.

Yeah, the rally is going to be huge for altcoins this time as they are now catching up the heat with the announcement that had been long awaited and since had been pain in the head of every Bitcoiner - S2X. This is our victory that needs to be celebrated, but on other hand, I would like to caution you of the effects this could have over Bitcoins currently - the correction of the price will prove to be very dangerous today and those not familiar with trading should not touch it at least for today because the fluctuations will be huge and losses could also be variable. Crash has started and it was certain this was going to happen.

Im thinking as same as you. People was holding and crazily buying btc for getting fork coin. Now no fork. Im expecting alts getting value. First eth..

All top alts will go up, first of all, eth, neo, rpl etc. News still didnt reached many people, so we see only small effect right now. But I think in next few hour huge correction will have place.

please stop commenting on bitcoin price and prediction about the price of bitcoin. I think that the technology inside bitcoin is what we need to concern about. Most of the people only want to receieve free coin and that is why the price of bitcoin is extremely high. Right now, everything is good and people can dream about bitcoin to dominate the world

This is really a great news for Bitcoin. :)
I think this makes Bitcoin a little bit stronger. Hope this was the last fork attempt for the next months.

me 3, while everyone buying BTC, I was selling and buying alts. Shame I didn't have more money. Oh well lets hope more forks are in the near future to gather the sheep again.

Its good to be idealist. But, price of the bitcoin and other commercial stuff, thats what keeps bitcoin alive and even more stronger.

I think this is good news for we that bought some few coins during the price fall. it really worth taking the risk now the price of BTC is falling like a fallen angel. investor can now go back to altcoin again. this is good news for ICO too many token and airdrop were affected by the diifferential rise in value of BTC which make many investor dump altcoin for bitcoin. at least altcoin price is going to rise again first eth and some valuable coin like NEO, Waves etc

Not dead.

Suspended.

Great decision from the team. Very mature actually suspending Segwit2X for the greater good. This is good news for alt coins there could surely benefit from a more stable market.

They are saving face, it's dead as a dodo.

This is one news I didn't see coming at all and even if its to other forks like BTG, I wouldn't be surprise but SegWits? With all the momentum it has gathered, a lot of wallet providers, both offline and online, exchanges sites even major exchange sites releasing statement about supporting and even upgrades are being done to fit in into the next episode of things but my fear was the motive of SegWit which is to replace bitcoin.

Our heart goes to those who engages in future trading on various exchange sites with the hope of making millions when it finally launches, this is one risk that fails to materialise. Our heart also goes to various personalities planning series of forks "bitcoin silver", bitcoin diamond etc... We say you have to develop a new project. Bitcoin has come to stay.

fortunately the nightmare had a very good ending, it was getting annoying to read so many comments from supporters of bitcoin gold who are constantly saying that bitcoin will die, that bitcoin gold is the only bitcoin... still has it: "Bitcoin Silver. Make Bitcoin Decentralized Again "



That's what I'm afraid people will sell because they will not receive free money anymore

This is the best news today :) Now maybe the issues which should be addressed by 2x can be solved with consensus of all sides.

Long live the king indeed. ATH reached today it will be a while before we get back to it imho but still at least one good thing came of that canceling. You know which bitcoin is boss, dont mess around folks!

What will happen is that providers like Bitpay will enable alts and people will move money using alts instead. So the bitcoin fee won't rise too much, it will rise just enough to incentivise people to use another coin.

Of course that's going to happen, all big altcoins were at 6 month lows because people were getting their segwit shitcoin airdrop, now the money flows back into alts. The news is still fresh, you ain't seen nothing yet.

Great news for the Bitcoin community.  It adds stability to the price of Bitcoin.

I am wondering if those people who bought BTC expecting to get B2X will pull out their money now.

The Segwit2x fork is dead, yes. But there's no doubt in my mind that the same CEOs will make a similar effort in the future. People like Mike Belche and Stephen Pair and Peter Smith..... they are building their companies like all venture capitalists do in the tech sector: growth before anything else.

Belche (BitGo) wants to see hundreds of capacity increases far past the 8x increase that Segwit2x sought. They'll be back. Next time around, they'll have this experience under their belt. And you can bet your bottom dollar that Jihan Wu will have a better idea where Bitmain fits in the next time around.

Yup.

Not me, I bought dash (0.0345) and LTC (0.00735) because I wasn't interested in a fork coin and knew I'd make more buying those coins at half price.

They will keep trying yes. After a summer of "this is the new Bitcoin" though, don't forget that we wised up too.

Buy Dash, Monero and Litecoin, not Eth.

Yes, but Bitcoin will be even more entrenched in the world of institutional lending and the general public, and core will have worked on some contingencies of their own.

SegWit2x price going to the ground https://coincodex.com/crypto/segwit2x/ people still buying?

It's a good news or bad news?

This one should be a lesson for all those that bought things which might not exists. EVER!

https://i.snag.gy/Eq4uOS.jpg

After the bitcoingold fiasco this one probably is a nail in the coffin for all those that are future dream trading.
Haven't seen a crash of -86.87% (now) for quite some time.

So many trolled people right now.
I wonder if we gonna see some sort of BTC price stabilization (I'm thinking about 6k-8k levels) or correction perhaps?

I suppose it depends on what you did, it's great news for me I think.

Good news to bitcoin, not good to those who bought only to get free B2X. Also good news for alts and ICO's. So in general, yes, its a good news.

I couldn't believe when I heard about this announcement. I was quite sure that Bitcoin SegWit2x would die but I didn't think that it wouldn't happen! What will happen to SegWit2x supporters? I doubt that they will give up easily. Bitcoin Cash is the only alternative for them right now. BTC price had reached $7800 and it quickly declined. I didn't have enough time to sell my BTC.

Good news for all Altcoins, much money flowing back from bitcoin into alts.

https://coinmarketcap.com/charts/#dominance-percentage

Neither did I. But I'm hoping it goes crazy like that again but I doubt it.
I also wonder why it spiked so hard..  ::)

Bitcoin gets stronger and stronger. Now get rid of the big fishes.

I wonder what is going to happen to the Bitcoin's price when the Chinese people wake up?
We need to wait a few more hours if I'm not mistaken?

I'm so glad this is over, we need to stop this stupid manipulation. How can we convince people this is a currency with this literal Teenage drama.

10k price before the new year? Any one would like to make a bet?  ;D

Segwit was happen twice this year and I see a high difference regarding that matter, hoping that after this hardfork a lot of improvement from bitcoin community will happened. Because I believe that thru help of bitcoin economy of each country will change, due to more status of life will changed.
Maybe after this twice segwit, no more hardfork will happen again. Bitcoin will be free to any altcoins that connects with them, I think thru segwit happen bitcoin will become more stronger than before.

They will dump BTC as there is no free B2X money.

Dont know why so much bully comments for btc?

When i understand right, btc will drop, as a lot of guys hoped for getting a new coin for free for making huge profits, now a lot of money should get into alts like the past few hours? this trend will stay, when chinese wake up, they will flood alts too i think so? and mistake on my thoughts? I think there is some money which will be switched into fiat, a lot of money for alts and big (short time) losses, before the so called "big fishes" will buy btc the next few month

stop those fake news, you will not have any effect on price. I understand that it is hard to see how the price is going down :)

You are completely right, those people who says "to the moon" "10k by today", or somebody dont get B2X because they are chinese, doing this, just because they try to effect a price and fishes to think so. Most of them are still on BTC and dont want to lose their money..

Yeah it's weird, people don't like it when you talk down their favourite coin, but they could just buy alts too, nothing's stopping them.

Obviously BTC will drop some and big alts will surge, a child could see it coming.

Wow, this news is somehow expected but I did not expect it to happen already.
However I am really glad that there was no split. Less confusion for newbies and no more fight in the community.
If you look at the marketcap it is rising over all, so there is not really money going from BTC to alts, there is new money coming in.
It is a really exiting moment, I hope there will be peace now for a while around BTC.

Hopefully it should now stabilize and consolidate for a bit. That'll help in gaining momentum for the next bull run!

When the asian markets wake up and hear the news we will know the truth. I'm hoping for a run up but fate pointing down, down, down

It was a huge news .
but still there are lots of confusion in the market.
Some people are saying it will still happen on that date without support.
lots of exchanges still have open future market of it.

consolidation and peace are comming!!!!! uuufffffffffff, for a newbie, this is hard core...  ;D

Not really confusion, just retards who bought the pre-launch (lol who does that?) and are now lying their ass off so they can dump it to even bigger 'tards.

Haha, you probably dont even imagine how many of them. Just go throw the comments. :)

Totaly normal, i dont even expect to brake down. Its just like in the past of his ascension

Sounds right, alts were suffering because everybody were selling them to buy BTC for free forked coins. Now the status quo has changed, so there's no need to buy BTC in a hurry anymore. We will see on the alts if people were buyin BTC mainly for the airdrop (short term investment) or because of the technology (long term investment). I have no idea, so I'll sit back and wait for the dust to settle...

At last, the battle as bn won... Time for altcoin to bum.. Cryto trading all the way

Could it be this 'suspension' is somehow connected to launching of Bitcoin futures by CME Group?

These are some reasonable words and glad that they decided to keep the community together (although Segwit2x most likely would not have got too much support).

The market reaction is positive, Bitcoin jumped to an all time high before the money is transferred back to all the altcoins, which suffered in all these weeks, 5-50% increase in a few hours, time to invest.

Stephen Pair trying to save face here: https://medium.com/@spair/segwit2x-should-be-canceled-b7399c767d34. I've updated the OP to mention this and will list the supporters of this attempted and failed takeover of Bitcoin. #NeverForget.

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Long live anarchy.
Side note 1: Whoever thinks that alts have any value pre or post this withdrawal is delusional. You're playing right in their hands while they leech profits from you. :)

Well Dash, Litecoin and Monero were less than half their recent prices, for two reasons:

1) They were dipping anyway.

2) Money left alts to get 2 possible Bitcoin fork coins.

I would expect Dash to be around 0.08-0.09 within 3-6 weeks, Monero 0.03, LTC to be 0.016-0.018. Eth is tricky because of problems and infinite supply.

This is all guesswork but an educated guess. No-one knows the future but I do trade for living, so make of this what you will.

I wouldn't trade BTC for fiat, I'd trade it for alts, BTC will take a correction but it will come back strong. Just increase your BTC amount by buying alts then trading back to btc later.

- XT
- Classic
- Unlimited
- S2X

Who next?

Honestly, it's a bit disappointing that none of these actually got to the point of a miner-backed attack, since they would've lost, and that would've once-and-for-all put an end to the "miners control Bitcoin" narrative. Oh well.

A lot of companies showed their true colors here. Some stuck their necks out in the right direction and deserve recognition. And some were clearly working against Bitcoin, to varying degrees. We should make a comprehensive list at some point.

To everyone who helped fight against S2X in any way: thank you for defending Bitcoin! While I have little doubt that these companies will try something again, I think that the community is progressively getting "immunized" to these attacks, and the attackers need more and more resources to put up the same fight. Hopefully this one will be the last really dangerous one for a while. We must always remain vigilant, however.

Ditto!

I am glad they called it off. Have you read this article on CoinDesk?
Bitcoin's Bogeyman Cometh: Why Segwit2x Is a 51% Attack https://www.coindesk.com/bitcoins-bogeyman-cometh-segwit2x-51-attack/ (https://www.coindesk.com/bitcoins-bogeyman-cometh-segwit2x-51-attack/)

Just another failed attack on anti-fragile Bitcoin, furthering it's resilience and robustness.

Segwit2x is dead, long live Bitcoin!

This has been a process with way too many ups and downs. I hope they take the time to think these things through before proposing yet another hard fork. Stop the madness. Good to know this one is off.

I agree with you, but compared with fiat, they have not lost so much, so although they lost calculated in btc, we are on a very high level also for alts, so it could happen that some "big player", or a lot of small player realize their profits and you will lose (for a short time) money, even alts will gain related to btc, thats a bit my fear.. nevertheless i think its more likely, that good alts will win a lot (in btc and in fiat), as there should come some big correction on btc chart and money has to be switched and not all members will switch into fiat, so there should be at least 10mrd usd for alts in near future according to my thoughts

They've still lost quite a lot in USD though. Yes short-term everything might dip (or at least not move up much) in USD, but when bitcoin comes back up you'll have twice as much BTC, this is the best play IMO, if you switch to fiat the whole market might leave you behind if you don't time it right, but everyone must do what they feel is best.

The drama may be over for now, but I highly doubt this will be the last we see of it. Anyway, at least now we can look forward the the holidays without also having to worry about what happens with Bitcoin.

BCH is not a takeover attempt. BCH is an altcoin that is no longer related to Bitcoin in any way or form (other than keeping the same UTXO set at the time of the fork). Don't attempt to spread BCH propaganda in this thread as: a) It is off topic. b) BCH is a shitcoin. c) This is a self-moderated thread.

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I'll update OP with the attacks mentioned by theymos and lay out everyone who was involved in them and attempted to take over Bitcoin. #NeverForget

I do not know why everyone is saying is dead, they said the cancelled the hardfork, does that mean is dead.  According to what I had been reading and what they have said is they cancelled due to a consensus in the bitcoin community.  Also we do not know if this was a manipulation event as well, there are alot of factors and I think people looking at this one sided is quite funny.  At least now we know that bitcoin will be able to get upgraded to the lighting network much sooner thanks to segwit.
Segwit2x team says,
"While this fork won’t happen, SegWit is here to stay. So let’s see if companies and developers are going to take advantage of SegWit in the coming months."

Proposals for on-chain scaling aren't dead per say, just this one. A block size increase is after all still on the roadmap for if and when it gains widespread consensus. I like Pieter Wuille's Bip 103 (https://github.com/bitcoin/bips/blob/master/bip-0103.mediawiki)  of the 5 remaining open drafts.   

Thing is, until Segwit is fully utilized and https://bitcoincore.org/en/2017/03/23/schnorr-signature-aggregation/  along with LN are implemented, a hard fork isn't likely to gain the widespread consensus needed.

SegWit proposal did helped surge BTC over last 2 months.

I am happy that SegWit2X is canceled because I am a Bitcoin investor. I think they knew they were going to fail a long time ago, and they made a lot of speculation without making an early announcement. Again Bitc:)in win .

Some news now is spreading that Segwit 2x will continue.. continue or not i'm eyeing on major miners who have influence in this matter try following them in twitter and be updated in their sentiments i did earn on alts before they pump but i short it fast after i hit the target because their something fishy in this news for my opinion only...

This should further strengthen Bitcoin position. Not a long time before it hits 10k mark.
Have read though they are shelving it for the mean time and wait the opportune time for the community to turn around.

All is well in Bitcoin land then for the mean time.
Time to go and buy some alts.

Good to see that Bitcoin has managed to cross this obstacle, it's a great sign for the future if governments and other entities start throwing it under the bus. The team behind 2x was very irresponsible throughout the entire thing.. Even canceling it just a few days before it actually happened was shady as heck.

Now we wait and hope we get some scaling solutions in the very near future, with consensus.

Yet again we have a proof that Satoshi's economic consensus design is able to withstand many attacks. SegWit2x has been called off not because NYA signatories are good guys who want to have united community, so they conceded because of lack of support from users. No, they have cancelled it because without user support it would be economic suicide - miners would waste their power on cheap altcoin, businesses would stuck on an altcoin chain with little to no users, and there's no way people would abandon Bitcoin just because fees on other chain is lower and blocks are bigger - if that's what people wanted, they'd do it with any other alts years ago.

yes now bitcoin and all ath [Suspicious link removed]d news , they all pump pump ,

good news still remain bitcoin continue to increase price value i can't imagine how much the pirce value of bitcoin before the end of this year, if the correction hard fork segwit2x is dead and bitcoiner's happy for the long live of bitcoin especially continues huge increasing the value.

I do not understand. why sewgit failed. bitcoin pump. when people keep bitcoin. because bitcoin changes btg. now. prices are higher. the whale's trick. >:( >:( >:(

what the hell has been going on the past hours! i saw $7700 price before i went to sleep and now (in the morning) it seems like all hell broke lose over night :D
did they pump the price to release this news and short bitcoin?

it is funny to watch though. specially the next one saying we are going ahead with the fork and all the rest of the weird news that has been going around on the media because of it...

I'm glad that they decided to stop hard fork and show a little common sense after all.I think the decision is absolutely correct and that would be a big mistake if they continued on with their plan.What BTC needs now is united community,every serious action should have the overwhelming support of developers and users.


Price is almost 7800$ before this news,and after news is drop to 7100$ but quickly recovered above 7300$.I think it is positively thing we have remained above 7000$ level,now we can test and see if this price increase is only related to hard fork and free coins or a positive trend will continue despite the cancellation of Segwit2x.

Their agenda remains malicious. They only did this in order to save face, not because of the reasons listed in that statement. Also, insider trading.

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I've added a small list of attempted takeovers and the people that were involved in them. I'm missing out quite a number of names and dates. Therefore, if anyone has any suggestions you can post here or PM me and I'll update it.

Really good news. Hope this is the end of the big blockers attacks, but sadly they always come back with a new scheme to take over bitcoin.

There will be further attempts, too much money and a lot of egos involved. Regardless, this was an interesting and educational series of events. Good show, Bitcoin.

And now Bitcoin price drops significantly  ???

Which is why we should never forget who the leaders of these takeovers were and never forget to call them out for them.

Your point being? Stop being an uneducated bamboozled baboon and start doing some research, learning and start thinking for yourself.

What to think of this?

https://bitcoin2x.org/

Classic scam by some BCH/forker troll.

lol  ;D

I know bitcoin will rise again. I just don't get why the current drop is happening. Perhaps I still need to do more research.

Probably reused domain from some "bitcoin doubler" scam

segwit2 has died so within no time bitcoin gonna go to 10k mark soon. i guess its running and it will soon touch 10k mark by december this year. :)

If I am not wrong, a number of the major crypto-exchanges were allowing futures trading of B2X coins. What will happen to these trades and traders? B2X (futures) was trading at around $1,200 per coin two days back. So will that value get reduced to $0, and the investors lose all of their capital amount?

Yes, they are fucked, because they're stupid greedy cunts, fuck them.

 ;D

Harsh but fair.

https://i.imgur.com/jBoeDK2.jpg
Full resolution: https://i.imgur.com/jBoeDK2.jpg

 ;D

haha, wall of shame :)

The 2x software is already out there in the wild. So the fork will definitely occur. It's just that nobody is likely to pay attention to it nor care -- it's not backed by the major businesses that were pushing it before, nor Bitmain. That right there takes all its market value away. For all we know, there may be so little hash power mining the 2x chain that no block will ever be found on its network.

So, from that perspective, I would expect B2X futures (and eventually B2X coins) to have a very small non-zero value. You can think of it like a dead altcoin project, which trades near zero. Sometimes a developer will "re-launch" a dead project and its value can 10x or 100x. But it's only good for a pump-and-dump.

They get what they deserve.

Very nice. I've added it to first post.

That doesn't matter; the same how BTG doesn't matter, but is just noise (the difference being that BTG has a scam premine of theirs).

At this time it is hard to say. e.g. btc.com is still signalling support even though Jihan owns them and Antpool stopped signalling. We should wait a few more days before making more accurate predictions.

Advocates for a bitcoin hard fork have now decided to cancel plans for the so-called SegWit2x fork. The bitcoin block chain was supposed to split into two block chains in roughly 8 days. But it looks like SegWit2x backers couldn’t convince enough people in the bitcoin community to make the SegWit2x block chain the new mainstream bitcoin block chain. SegWit2x will therefore not activate Nov. 16 as planned, Belshe isn't naming a possible future date. “Our goal has always been a smooth upgrade for Bitcoin. Although we strongly believe in the need for a larger block size, there is something we believe is even more important: keeping the community together. Unfortunately, it is clear that we have not built sufficient consensus for a clean blocksize upgrade at this time. Continuing on the current path could divide the community and be a setback to Bitcoin’s growth. This was never the goal of SegWit2x.”

They knew it well that bitcoin is progressing with high speed, people are favoring it and are getting more into bitcoin and trying to make money with it so that they can secure their future, they need some time to come with new plans and push bitcoin down, but it won't happen in my view because people are not going to leave bitcoin now no matter what happens

Is it not quite obvoius that Bitcoin is in dire need of a update?

As i understand it bitcoin can only handle 2000 transactions every 10minutes, Globaly. This sounds like a very low amount. I imagine a future where i got a Visa card with bitcoins. In that future there must be like 1 miljon transactions every 10mintues.
Already now we have a problem with transactions, if segwit2x where implementet, it would only raise the cap to 4000, which only would of solved the problem for a short period.



What's the plan to fix this? How could there be a future for bitcoin if this is not fixed? Im currently invested with 2BTC, and for me this is the biggest worry for bitcoin.

The plan is LN https://lightning.network/ Which will be ready soon™
It will make big blockers look like relics of a forgotten past.
Changes like these take time and testing you don't want to rush things when you're dealing with something that hold billions of people's dollars.

Really hope that another big blockers attacks occur again, and bitcoin stays strong. GOOD NEWS

This seems great and a much better solution then segwit2x! Thanks!

That is not the plan. This is the plan:
a) Signature aggregation + Schnorr.
b) Sidechains.
c) Lightning Network
d) Minor block size increase coupled with a hard fork that fixes some old bugs and makes optimizations where possible.
e) Weak blocks.
f) Other various improvements to come.

A normal block size before any of these is just a bad joke and a huge sign of incompetence. This shouldn't be surprising to anyone as Gavin, Jeff, Thomas nor Peter do not even have comparable skills to the Bitcoin Core developers and could never come up with something as sig. aggregation (note: This will give us more transactions per block using the same resources).

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Bitcoin can already process a lot more than it is doing. Whilst the recommended fee-rate was 500-750 satoshi/byte for normal transaction, my Segwit transactions went into the next block with a fee-rate of 150 satoshi/byte or lower.

It is unfortunate it needed so much time to realize but at least Segwit 2x did when they did and now they gave up and went home weee. Amen long live the one and only true king!! BTC hail you we do !

Bitcoin remains the king of all cryptocurrencies much as they try much as they will fall. We are heading beyond $20,000 after all market sentiments that warrants the retracing that was noted in BTC movement.