The end of segwit2x

[pereira4]

Looks like Brian Armstrong is finally doing the right thing. Lately he is on a good roll in his decision making. This time, he will not support segwit2x, or at least in a deceiving way which would lead to users thinking they are buying BTC (what segwit2x proponents want is to lost their altcoin as BTC). Not going to happen. Now we will easily make the B2X price tank and we all stay in the original chain.

The Bitcoin Segwit2x fork is projected to take place on November 16th and will temporarily result in two bitcoin blockchains. Following the fork, Coinbase will continue referring to the current bitcoin blockchain as Bitcoin (BTC) and the forked blockchain as Bitcoin2x (B2X).

Any customer with a BTC balance on Coinbase at the time of the fork will be credited with an equal amount of the B2X asset on the Bitcoin2x blockchain. No action is required — we will automatically credit your account. So, if you have 5 BTC stored on Coinbase before the fork; you will have 5 BTC and 5 B2X following the event.

https://blog.coinbase.com/timeline-and-support-bitcoin-segwit2x-and-bitcoin-gold-eda72525efd

Get ready for more free coins.

[cng-]

That's if they really go through with 2x, right?

It seems possible that maybe the 2x camp might just give up their ambitions now?

[rindo]

Coinbase, one of the biggest Cryptocurrency wallets, released a statement that defined the ticker for upcoming hard fork Segwit2x, predicted on 16 of November, on the block 494784. After the fork we will still define Bitcoin as BTC and the new network resulted of the split as Bitcoin2x with the ticker B2X. And also with a little detail, that if users will prefere the new coin to the old one, the name could be changed in the future.

[arnux]

The end before it even began I think it's great that someone is fighting against it and not idling watching.

[CryptosapienZA]

That was yesterday ladies and gentlemen. Would it be then fair to say, "End of Legacy Bitcoin"(as per trend title) since Coinbase has done a 180?

"We are going to call the chain with the most accumulated difficulty Bitcoin"

https://blog.coinbase.com/clarification-on-the-upcoming-segwit2x-fork-d3c0f545c3e0

[captain_blood]

The is the end of FUD in terms of bitcoin dominance, which is really great for the newbies.  After all, there is only one being reocgnized as the foundatiob of crypto-currency, and that is the one and only Bitcoin.

[djangocoin]

I've always thought 2x would be a disaster or not amount to much, despite how much /r/btc seem to hype it up and talk about the end of core blah blah lol

[Jafri101]

Segwit2x is considered to be 2nd hardfolk in the bitcoin core network that is said to be the ending of bitcoin core's era but bitcoin has always proved itself and defeated all forks n rumours. I think the new B2X OR B2B will become another alt coin just like bitcoin cash BCH. So nothing will happen to bitcoin on long time basis.

[pereira4]

That was yesterday ladies and gentlemen. Would it be then fair to say, "End of Legacy Bitcoin"(as per trend title) since Coinbase has done a 180?

"We are going to call the chain with the most accumulated difficulty Bitcoin"

https://blog.coinbase.com/clarification-on-the-upcoming-segwit2x-fork-d3c0f545c3e0

You are right, let's not chant victory yet, this may still get worse until they accept defeat, but I see a lot of newbies losing money because they aren't going to be aware of the ticket listed as BTC being the segwit2x altcoin.

I see Brian Armstrong facing legal problems after this. A lot of people are going to be very angry when they realize they got scammed by Coinbase. Hopefully this could end up in bankruptcy for them, im tired of this company.