SegWit2x hard fork

[Chan8]

Hmmm i know coinbase released a email to everybody about this fork happening.. but my question is is this the same group that orginally was going to fork to segwit2x or these are other supporters forking it now? Lol this sht is getting complicated. With a bunch of people pumping b2x futures atm. This sht is getting outta hand and confusing.

[t3hpwnographer]

With a bunch of people pumping b2x futures atm.

What future lol the fork has been stuck on the same block all day... currently 51 blocks behind the main chain. Anyone who buys in to B2X hype deserves the losses they're about to experience

[Poink]

I thought the Segwit2x got cancelled? But if ever it did happen today then I guess this might be the reason why Bitcoin reached a new all time high today. Reaching $8000+ today and still is around that range now, great for those who had kept their bitcoin and altcoins are probably swimming again in red.

No, Btc was dumped to $5600 after cancellation of segwit2x but its again rised and now it will only go up.

I think the $5,600 dip was caused by BCH (short lived) rally, NOT Segwit2x cancellation.

[uncleduckerr]

SegWit2x is at 7.64% miner support, 24 blocks behind the main chain, and has yet to mine a >1MB block... I don't think this is going to be a threat to BTC at all.

Thats good to hear but does this mean it happened still or not? I was already confused about all this forking business and after hearing it was postponed last week I thought it would be a few months before Segwit 2x went

through. Now I wake and see this stuff...it is so confusing how can something that people canceled still continue to potentially go through? I dont get it...

[squatter]

So finally B2X is happened today on block 494784 despite the lack of consensus in the last week. Coinbase has already disabled the transactions of btc.

Last I heard, btc1 nodes are stuck as of block height 494,782. According to Core developer Alex Morcos, everyone saying that the forking height was 494,784 was incorrect. Apparently, the last common block is 494,782 and 494,783 is supposed to be the first forked block. That assumes that miners actually mine a block. Given that the difficulty was not adjusted downward, this seems unlikely.

What will be the effect of this fork on BTC?

Unless miners become irrational and start mining 2x, it should be a non-event. The difficulty is quite high, so mining it is probably just burning money. I'm really surprised that Coinbase bothered with this after all the other companies (including Bitmain) backed out.

[Crypington]

I see it’s falling behind the main chain, and only has 7% the hash power, but if the miners stick with it, won’t the difficulty adjust down and get their block chain moving?  I mean, 7% of BTC hash power is still a lot of hash power.  It’s obviously not going to replace BTC, but could end up another Alt, right?

[BogdanGFTP]

I heard it couldn't happen, isn't it?