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Author Topic: SegWit2x — can it happen despite of its cancellation  (Read 286 times)
keykey1 (OP)
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November 12, 2017, 07:22:43 PM
 #1

How do you think, can SegWit2x happen even after it was cancelled? People, who deal with crypto and heard the news that this event is possible are lost. Bitcoin is losing its positions. What now?
Your opinion about altcoins if the fork happens.

 
bathrobehero
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November 12, 2017, 07:26:59 PM
 #2

How do you think, can SegWit2x happen even after it was cancelled? People, who deal with crypto and heard the news that this event is possible are lost. Bitcoin is losing its positions. What now?
Your opinion about altcoins if the fork happens.

 

Why should it happen? It shouldn't.

If people really want to pay for their morning coffee with Bitcoin, bloctimes should also be decreased, along with bigger blocks. But there are hundreds of altcoins capable of doing that so why change Bitcoin?

Why bloat the blockchain to hundreds of gigabytes so that not every can afford to run full nodes?


Besides, it's not like you can pay for your morning coffee with shavings off of a gold ingot either, and if anything, Bitcoin is way more like gold than USD.

Not your keys, not your coins!
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November 12, 2017, 07:31:51 PM
 #3

How do you think, can SegWit2x happen even after it was cancelled? People, who deal with crypto and heard the news that this event is possible are lost. Bitcoin is losing its positions. What now?
Your opinion about altcoins if the fork happens.

Just to be clear on language, the actual announcement only talked about a suspension, not a cancellation. Of course, the content in its entirety effectively said that they would not pursue Segwit2x plans. However, it says that there may definitely come a time to once again examine the issue, but it has to be pointed out here that even Bitcoin core has never been against an outright hard fork PROVIDED they were confident that it was relatively safe, secure and warranted.

So Segwit2x may not happen, but hard forks similar to it may one day come to happen, with CONSENSUS. That is what the announcement finally agrees to.

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aoluain
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November 12, 2017, 07:42:43 PM
 #4

How do you think, can SegWit2x happen even after it was cancelled? People, who deal with crypto and heard the news that this event is possible are lost. Bitcoin is losing its positions. What now?
Your opinion about altcoins if the fork happens.

Just to be clear on language, the actual announcement only talked about a suspension, not a cancellation. Of course, the content in its entirety effectively said that they would not pursue Segwit2x plans. However, it says that there may definitely come a time to once again examine the issue, but it has to be pointed out here that even Bitcoin core has never been against an outright hard fork PROVIDED they were confident that it was relatively safe, secure and warranted.

So Segwit2x may not happen, but hard forks similar to it may one day come to happen, with CONSENSUS. That is what the announcement finally agrees to.
terminology is important, segwit2x was not cancelled, it was postponed.
Im sure at some stage it will be back on the table as will no doubt other forks.

R


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ployfit
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November 12, 2017, 07:49:53 PM
 #5

How do you think, can SegWit2x happen even after it was cancelled? People, who deal with crypto and heard the news that this event is possible are lost. Bitcoin is losing its positions. What now?
Your opinion about altcoins if the fork happens.

 

Why should it happen? It shouldn't.

If people really want to pay for their morning coffee with Bitcoin, bloctimes should also be decreased, along with bigger blocks. But there are hundreds of altcoins capable of doing that so why change Bitcoin?

Why bloat the blockchain to hundreds of gigabytes so that not every can afford to run full nodes?


Besides, it's not like you can pay for your morning coffee with shavings off of a gold ingot either, and if anything, Bitcoin is way more like gold than USD.

That's the thing people don't understand. They still want bitcoin to be the payment method of their daily spendings. But we don't need this. There are coins have 1s block time. They're super fast. Why bitcoin for this?

I'm writing this as a person supporting bitcoin hard. I believe it's an investment method more than a payment method. Just like gold. You don't pay gold for your mornin coffee for example.
bathrobehero
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November 12, 2017, 08:14:01 PM
 #6

How do you think, can SegWit2x happen even after it was cancelled? People, who deal with crypto and heard the news that this event is possible are lost. Bitcoin is losing its positions. What now?
Your opinion about altcoins if the fork happens.

 

Why should it happen? It shouldn't.

If people really want to pay for their morning coffee with Bitcoin, bloctimes should also be decreased, along with bigger blocks. But there are hundreds of altcoins capable of doing that so why change Bitcoin?

Why bloat the blockchain to hundreds of gigabytes so that not every can afford to run full nodes?


Besides, it's not like you can pay for your morning coffee with shavings off of a gold ingot either, and if anything, Bitcoin is way more like gold than USD.

That's the thing people don't understand. They still want bitcoin to be the payment method of their daily spendings. But we don't need this. There are coins have 1s block time. They're super fast. Why bitcoin for this?

I'm writing this as a person supporting bitcoin hard. I believe it's an investment method more than a payment method. Just like gold. You don't pay gold for your mornin coffee for example.


Yes, and the sooner people realize and accept this, the sooner we can move forward. And if not for altcoins, sidechains will be able to handle dust transactions and morning coffees.

Not your keys, not your coins!
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November 12, 2017, 08:16:58 PM
 #7

How do you think, can SegWit2x happen even after it was cancelled? People, who deal with crypto and heard the news that this event is possible are lost. Bitcoin is losing its positions. What now?
Your opinion about altcoins if the fork happens.

 

Why should it happen? It shouldn't.

If people really want to pay for their morning coffee with Bitcoin, bloctimes should also be decreased, along with bigger blocks. But there are hundreds of altcoins capable of doing that so why change Bitcoin?

Why bloat the blockchain to hundreds of gigabytes so that not every can afford to run full nodes?


Besides, it's not like you can pay for your morning coffee with shavings off of a gold ingot either, and if anything, Bitcoin is way more like gold than USD.

That's the thing people don't understand. They still want bitcoin to be the payment method of their daily spendings. But we don't need this. There are coins have 1s block time. They're super fast. Why bitcoin for this?

I'm writing this as a person supporting bitcoin hard. I believe it's an investment method more than a payment method. Just like gold. You don't pay gold for your mornin coffee for example.

People don't want to play forex on each coffee buy, they want a known coin with a known value. BTC is what you got on newspaper so BTC is what people wants to work with.

Buyingallcoinsz
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November 12, 2017, 08:18:58 PM
 #8

Segwit2x was simply a plug for bitcoin cash. Do not worry. The rally is over most likely and wont happen for a long long time.
BogdanGFTP
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November 12, 2017, 08:25:57 PM
 #9

Of course it can!
But I'm not sure about the time...
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November 12, 2017, 09:34:28 PM
 #10

Probably nobody can really say if it will or not
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November 14, 2017, 04:54:49 PM
 #11

Segwit2X is not cancelled it has been postponed. It may happen in the 2Q of 2018.
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