Largest Bitcoin Exchange In China Condemns B2X

[nl247]

I woke up to this news just now as the CEO of OKCOIN, which so far is the largest cryptocurrency exchange in China, condemns B2X and publicly called it a shitcoin. I am not surprised though since the whole hand writing is on the wall. No sane user would want to support a coin that has posed an attack on decentralization and trying every means possible to cause a huge network issue through the fork by removing replay attack protection. That is extremely shady!

For more information on the news, you can read here;
https://coinvedi.com/chinas-largest-bitcoin-exchange-ceo-publicly-condemns-segwit2x/

[asdlolciterquit]

attack on decentralization only because it have block of 2mb instead of 1? oh come on!
And how do you want to resolve the problem of the too expansive fee?

[tsaroz]

I would consider anything that does not takes in a simple majority of bitcoin users to be an attack on bitcoin.
Segwit2x is bound to create problems and users should be much more cautions compared to other forks.
https://www.coindesk.com/opinion-segwit2x-doomed-fail/

[shandi albert]

why there should be opposition ,,, because the attack in the nickname injure one party, on the other hand do attacks aimed at staying high and maintained.

That's what I got from the news above

[CodyAlfaridzi]

LOL, I gotta agree with him. Every day more parties are dropping the New York Agreement. B2X no doubt will be another shitcoin, joining a long shitcoin list of like Bitcoin XT, Bitcoin Classic, Bitcoin Unlimited, and Bitcoin Cash. To me, it's just another easy money moment.

given the support from the four major mining pools and large-scale bitcoin businesses including Coinbase ...

Does Coinbase support it? I found that they will list Segwit2X coin as B2X and the original chain stay as BTC and later decides that naming based on hashpower. Doesn't seems like totally supporting.

[Cnut237]

I'm very wary about the B2X fork. Yes we are getting a lot of dropping out from the NYA, but I think the issue is a long way from settled. This fork could really cause some major chaos. All I'm seeing is bitcoin price rising because people think it will be another bitcoin cash with free coins... but I think this one has the potential to be much more disruptive, with a genuine split rather than just the birth of another altcoin.

[HardFireMiner]

The perfect moment to buy Bitcoin Cash has passed. Now it has also a great price, I still buy it.

B2X has the potential of a catastrophe, it would be a shame if we won't get advantage out of it.

[Tipstar]

The perfect moment to buy Bitcoin Cash has passed. Now it has also a great price, I still buy it.

B2X has the potential of a catastrophe, it would be a shame if we won't get advantage out of it.

It's not just a fork but will become a milestone moment whether positive or negative in bitcoin history.
And would play role in shaping the crypto world. Let's hope it to be positive.

[Seansky]

The perfect moment to buy Bitcoin Cash has passed. Now it has also a great price, I still buy it.

B2X has the potential of a catastrophe, it would be a shame if we won't get advantage out of it.

It's not just a fork but will become a milestone moment whether positive or negative in bitcoin history.
And would play role in shaping the crypto world. Let's hope it to be positive.

It would just be a fork and it might be doomed to fail because it has more flaws when compared to the original bitcoin. It might temporarily solve the problem of slow transactions but like OP I think them not having a replay protection is shady and it is bound to cause problems later on. Although that is the case, I think this will be an important even in bitcoin history but it might not shape the future of cryptocurrency in general.

[crptotrader007]

I woke up to this news just now as the CEO of OKCOIN, which so far is the largest cryptocurrency exchange in China, condemns B2X and publicly called it a shitcoin. I am not surprised though since the whole hand writing is on the wall. No sane user would want to support a coin that has posed an attack on decentralization and trying every means possible to cause a huge network issue through the fork by removing replay attack protection. That is extremely shady!

For more information on the news, you can read here;
https://coinvedi.com/chinas-largest-bitcoin-exchange-ceo-publicly-condemns-segwit2x/

The lack of replay protection has put our coins at stake. It is not at all safe to put the coins on exchanges or other similar services which don't give us the private keys of our wallets. What if they make a mistake and lose all our coins in the replay attack. They would obviously not care since it's our coins which will be lost. So it is completely risky to put our coins on Bittrex or other exchanges. The previous forks had replay protection and that is why it was safe to put the coins on exchanges. This time we will have to hold it in our wallets whose private key we own. Not to mention that B2X will be another forked shitcoin with low support from the community.

[puremage111]

I woke up to this news just now as the CEO of OKCOIN, which so far is the largest cryptocurrency exchange in China, condemns B2X and publicly called it a shitcoin. I am not surprised though since the whole hand writing is on the wall. No sane user would want to support a coin that has posed an attack on decentralization and trying every means possible to cause a huge network issue through the fork by removing replay attack protection. That is extremely shady!

For more information on the news, you can read here;
https://coinvedi.com/chinas-largest-bitcoin-exchange-ceo-publicly-condemns-segwit2x/

Well, B2X has been lately getting tons of backlash compare to months ago. Segwit2x is now 83.7% based on https://coin.dance/blocks

Compare to months ago where its 9x%. But that is to prevent Bitcoin Unlimited imo. After BTU, Segwit2x has not been too well support by few of the major party