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Author Topic: Segwit2X hardfork? can it be soft fork?  (Read 247 times)
puremage111 (OP)
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October 22, 2017, 03:32:55 PM
 #1

Alright, so recently we have seen BCH, BTG and tons of hard fork

So Segwit2x is something that people been looking at it months ago and it was on the Hot Topic debate previously.

1) Can Segwit2X actually activated via a Soft Fork?

2) Based on https://coin.dance/blocks, we can clearly see the Network % support towards Segwit2X Dropped, what happened there?

3) Like BCH, you get 1:1 BTC:BCH, but BCH is not getting major adoption, so Bitcoin is still the "Bitcoin we are using"
So lets say if Segwit2X happens, it is accepted and majority accepted It.

How would it be affected? I mean how would the Segwit2X be the "Bitcoin" that we are using now?

In coinmarketcap, will Segwit2X replace the current "Bitcoin" or it will have a different thing there?

Thanks
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neurotypical
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October 22, 2017, 03:50:37 PM
 #2

Alright, so recently we have seen BCH, BTG and tons of hard fork

So Segwit2x is something that people been looking at it months ago and it was on the Hot Topic debate previously.

1) Can Segwit2X actually activated via a Soft Fork?

2) Based on https://coin.dance/blocks, we can clearly see the Network % support towards Segwit2X Dropped, what happened there?

3) Like BCH, you get 1:1 BTC:BCH, but BCH is not getting major adoption, so Bitcoin is still the "Bitcoin we are using"
So lets say if Segwit2X happens, it is accepted and majority accepted It.

How would it be affected? I mean how would the Segwit2X be the "Bitcoin" that we are using now?

In coinmarketcap, will Segwit2X replace the current "Bitcoin" or it will have a different thing there?

Thanks

No it can't. The main goal of segwit 2x is to increase the blocksize. Blocksize increases can only  be deployed via hardfork, hence why they are so incredibly problematic.

The market doesn't want bigger blocks, otherwise they would be using BCH and the price of BCH would be higher.

Segwit2x proponents want to kill the legacy chain in order to not let the market speak how it doesn't want the segwit2 hardfork.
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October 22, 2017, 03:53:48 PM
 #3

And here it comes the Bitcoin Gold, which can full fill again the propose of original bitcoin. Btc now has become a centralized coin, just count the miners...
Hard fork is necessary for segwit2 activation

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eckmar
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October 22, 2017, 04:12:23 PM
 #4

And here it comes the Bitcoin Gold, which can full fill again the propose of original bitcoin. Btc now has become a centralized coin, just count the miners...
Hard fork is necessary for segwit2 activation

With all due respect you have no idea what are you talking about. Both Bitcoin Gold and Segwit2x are just hard forks of the original and completely unnecessary at this point in time.
puremage111 (OP)
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October 23, 2017, 03:50:39 AM
 #5

Alright, so recently we have seen BCH, BTG and tons of hard fork

So Segwit2x is something that people been looking at it months ago and it was on the Hot Topic debate previously.

1) Can Segwit2X actually activated via a Soft Fork?

2) Based on https://coin.dance/blocks, we can clearly see the Network % support towards Segwit2X Dropped, what happened there?

3) Like BCH, you get 1:1 BTC:BCH, but BCH is not getting major adoption, so Bitcoin is still the "Bitcoin we are using"
So lets say if Segwit2X happens, it is accepted and majority accepted It.

How would it be affected? I mean how would the Segwit2X be the "Bitcoin" that we are using now?

In coinmarketcap, will Segwit2X replace the current "Bitcoin" or it will have a different thing there?

Thanks

No it can't. The main goal of segwit 2x is to increase the blocksize. Blocksize increases can only  be deployed via hardfork, hence why they are so incredibly problematic.

The market doesn't want bigger blocks, otherwise they would be using BCH and the price of BCH would be higher.

Segwit2x proponents want to kill the legacy chain in order to not let the market speak how it doesn't want the segwit2 hardfork.


Ahhh i see, thanks for the clarification

Therefore Soft fork only applies on certain changes which wouldn't affect the blockchain much? Can i say so?

Hardfork would be something that might change it consensus like Block Size?
puvanb
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October 23, 2017, 03:58:26 AM
 #6

The greedy will keep creating new coins. This is the future of bitcoin. What can we say, the community has become greedy. With every improvement there will be more forks and a sect of the bitcoin community wanting to fork the new coin. Looking at the current scenario, there will be more BC[A to Z - (G & H)] coins. Like what someone in the previous post said, this is totally unnecessary. There should be only 1 bitcoin in the existence. Soon Bitcoin will become another Alternative currency. Yes, it will be very soon. 
gyu22
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October 23, 2017, 02:46:06 PM
 #7

Gatecoin has announced they will not be supporting the upcoming SegWit2x (B2X) hard fork in November due to the lack of two-way transaction replay attack protection coded into this proposed software “upgrade.” Specifically they will
    "NOT distribute any B2X to our clients
    NOT process any B2X sent to our bitcoin wallet addresses
    NOT list any B2X coin on our exchange
Therefore, Gatecoin clients hoping to claim newly minted B2X coins equivalent to their bitcoin holdings at the time of the hard fork, will need to withdraw their bitcoin from our exchange at least 12 hours before the hard fork occurs at block 494,784 (expected sometime in November, exact date TBC)."

More: https://blog.gatecoin.com/gatecoin-will-not-support-the-segwit2x-b2x-hard-fork-acbab0985dc2
bitcoinvestor
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October 23, 2017, 03:42:36 PM
 #8

hitbtc oppose to gatecoin, hitbtc will give the same balance bitcoin to b2x. if you have 1 btc you will earn 1 b2x. for free coin b2x is OK but holding it for invesment I think it later. I still trust BTC is the most profitable investmet because the price is increase steadily. Whatever people say about bitcoin, bitcoin has suffered from long and hard history. One people say bitcoin is not real bitcoin, thus what is real bitcoin. BCH, BTC gold, B2x, BBBBBBBB , They are all dump and pump altcoins for free airdrop.
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