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Author Topic: A must-read in-depth informative article on the SegWit2x  (Read 637 times)
Nemo1024
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October 30, 2017, 06:55:16 PM
 #1

B2x Fork - What It Is, Why I Don't Support It and How I Am Trading It
https://www.whatbitcoindid.com/blog/segwit2x-is-an-attempted-hostile-corporate-takeover-of-bitcoin

This article gives a very good run down of what the coming fork is about, the arguments for larger blocks and against segwith2x.
It delves into the technical aspects without being to technical. It points a searchlight at the closed-door NY agreement. It scrutinises the questionable competence of the SegWit2x developer.

Please also read the statement from the Bitcoin Core team:

Beware of Bitcoin's possible incompatibility with some major services
https://bitcoin.org/en/alert/2017-10-09-segwit2x-safety

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October 31, 2017, 12:32:32 AM
 #2

This was actually a good read and I feel the same way as the author on a good portion if it. I also feel bitcoin gold is going to amount to nothing and I am looking to sell it off as soon as I can.

Between Bitcoin and Bitcoin 2x however, like the author I feel it may be harder to make the correct call right away, so I am contemplating on just converting into fiat on both chains if the opportunity(high prices) arises. Once chain may eventually dominate and I would be taking a slight risk, but also I believe sooner or later the winner will also have a significant dip where I can buy back in. I also think, as does the author, that the 2x camp will artificially pump their coins value at first, so in reality I should get at least 150% combined value by selling off both chains, this increasing my chances of being able to get back in the winning chain at a later time at or under cost.
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October 31, 2017, 08:07:08 AM
 #3

This was actually a good read and I feel the same way as the author on a good portion if it. I also feel bitcoin gold is going to amount to nothing and I am looking to sell it off as soon as I can.

Between Bitcoin and Bitcoin 2x however, like the author I feel it may be harder to make the correct call right away, so I am contemplating on just converting into fiat on both chains if the opportunity(high prices) arises. Once chain may eventually dominate and I would be taking a slight risk, but also I believe sooner or later the winner will also have a significant dip where I can buy back in. I also think, as does the author, that the 2x camp will artificially pump their coins value at first, so in reality I should get at least 150% combined value by selling off both chains, this increasing my chances of being able to get back in the winning chain at a later time at or under cost.

I'd be wary about attempting to gamble on the possible outcomes, as there are likely to be several more outcomes that you can't predict. At that point, also, price will not be the primary concern of Bitcoin - it never has. And if you're a supporter of 2x, then you actually believe this, since Bitcoin is being blamed for impeding even more spectacular all-time highs. So if anyone is taking sides because of money and/or profit, then they would do well to be prepared to be complicit in the politics of scaling, and be prepared to find it difficult to "make the right call".

For some of us, the choice has always been simple... in the manner that there was never a choice we had to make =)

The article's a decent read, but I'll always find it difficult to take something too seriously from traders and from camps who look at it from a price perspective. The usual sensationalism... "hostile takeover... to remove core...replace with discredited developer Jeff Garzik".

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October 31, 2017, 10:21:21 AM
 #4

Nice article since author talk about both sides opinion/decision and i agree with his opinion. But i wonder if there are middle ground solution such as raise block size and use off-chain solution such as LN to make both party happy Huh


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October 31, 2017, 11:12:06 AM
 #5

I think you made a smal mistake in the article.

On-chain is more decentralized, while off-chain is more centralized.

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October 31, 2017, 12:45:56 PM
 #6

This is a very detailed article but will be very easy to understood by beginners. I hate that this topic is really getting too political(?). At some point we would really need an increase in block size. When the time comes that bitcoin is being used for everyday purchases, the current bitcoin will not be able to support quick transactions.
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October 31, 2017, 11:36:33 PM
 #7


There is too much information on this. And I think all is personal.

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