Segwit2x is dead, long live Bitcoin

[Rosewater Foundation]

- XT
- Classic
- Unlimited
- S2X

Who next?

Honestly, it's a bit disappointing that none of these actually got to the point of a miner-backed attack, since they would've lost, and that would've once-and-for-all put an end to the "miners control Bitcoin" narrative. Oh well.

A lot of companies showed their true colors here. Some stuck their necks out in the right direction and deserve recognition. And some were clearly working against Bitcoin, to varying degrees. We should make a comprehensive list at some point.

To everyone who helped fight against S2X in any way: thank you for defending Bitcoin!

Ditto!

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[pnx17]

I am glad they called it off. Have you read this article on CoinDesk?
Bitcoin's Bogeyman Cometh: Why Segwit2x Is a 51% Attack https://www.coindesk.com/bitcoins-bogeyman-cometh-segwit2x-51-attack/

[andyatcrux]

Just another failed attack on anti-fragile Bitcoin, furthering it's resilience and robustness.

Segwit2x is dead, long live Bitcoin!

[Pixie.Star*]

This has been a process with way too many ups and downs. I hope they take the time to think these things through before proposing yet another hard fork. Stop the madness. Good to know this one is off.

[xtrusion]

Dont know why so much bully comments for btc?

When i understand right, btc will drop, as a lot of guys hoped for getting a new coin for free for making huge profits, now a lot of money should get into alts like the past few hours? this trend will stay, when chinese wake up, they will flood alts too i think so? and mistake on my thoughts? I think there is some money which will be switched into fiat, a lot of money for alts and big (short time) losses, before the so called "big fishes" will buy btc the next few month

Yeah it's weird, people don't like it when you talk down their favourite coin, but they could just buy alts too, nothing's stopping them.

Obviously BTC will drop some and big alts will surge, a child could see it coming.

Just wondering how much money will be switched into fiat and how much the gains from good old alts like eth, dash, and so on will be.. any case thinking about trading bulling alts / bearing btc

Well Dash, Litecoin and Monero were less than half their recent prices, for two reasons:

1) They were dipping anyway.

2) Money left alts to get 2 possible Bitcoin fork coins.

I would expect Dash to be around 0.08-0.09 within 3-6 weeks, Monero 0.03, LTC to be 0.016-0.018. Eth is tricky because of problems and infinite supply.

This is all guesswork but an educated guess. No-one knows the future but I do trade for living, so make of this what you will.

I wouldn't trade BTC for fiat, I'd trade it for alts, BTC will take a correction but it will come back strong. Just increase your BTC amount by buying alts then trading back to btc later.

I agree with you, but compared with fiat, they have not lost so much, so although they lost calculated in btc, we are on a very high level also for alts, so it could happen that some "big player", or a lot of small player realize their profits and you will lose (for a short time) money, even alts will gain related to btc, thats a bit my fear.. nevertheless i think its more likely, that good alts will win a lot (in btc and in fiat), as there should come some big correction on btc chart and money has to be switched and not all members will switch into fiat, so there should be at least 10mrd usd for alts in near future according to my thoughts

[burnedbyfees]

Dont know why so much bully comments for btc?

When i understand right, btc will drop, as a lot of guys hoped for getting a new coin for free for making huge profits, now a lot of money should get into alts like the past few hours? this trend will stay, when chinese wake up, they will flood alts too i think so? and mistake on my thoughts? I think there is some money which will be switched into fiat, a lot of money for alts and big (short time) losses, before the so called "big fishes" will buy btc the next few month

Yeah it's weird, people don't like it when you talk down their favourite coin, but they could just buy alts too, nothing's stopping them.

Obviously BTC will drop some and big alts will surge, a child could see it coming.

Just wondering how much money will be switched into fiat and how much the gains from good old alts like eth, dash, and so on will be.. any case thinking about trading bulling alts / bearing btc

Well Dash, Litecoin and Monero were less than half their recent prices, for two reasons:

1) They were dipping anyway.

2) Money left alts to get 2 possible Bitcoin fork coins.

I would expect Dash to be around 0.08-0.09 within 3-6 weeks, Monero 0.03, LTC to be 0.016-0.018. Eth is tricky because of problems and infinite supply.

This is all guesswork but an educated guess. No-one knows the future but I do trade for living, so make of this what you will.

I wouldn't trade BTC for fiat, I'd trade it for alts, BTC will take a correction but it will come back strong. Just increase your BTC amount by buying alts then trading back to btc later.

I agree with you, but compared with fiat, they have not lost so much, so although they lost calculated in btc, we are on a very high level also for alts, so it could happen that some "big player", or a lot of small player realize their profits and you will lose (for a short time) money, even alts will gain related to btc, thats a bit my fear.. nevertheless i think its more likely, that good alts will win a lot (in btc and in fiat), as there should come some big correction on btc chart and money has to be switched and not all members will switch into fiat, so there should be at least 10mrd usd for alts in near future according to my thoughts

They've still lost quite a lot in USD though. Yes short-term everything might dip (or at least not move up much) in USD, but when bitcoin comes back up you'll have twice as much BTC, this is the best play IMO, if you switch to fiat the whole market might leave you behind if you don't time it right, but everyone must do what they feel is best.

[The One]

- XT
- Classic
- Unlimited
- BCH
- S2X

[Raimy]

The drama may be over for now, but I highly doubt this will be the last we see of it. Anyway, at least now we can look forward the the holidays without also having to worry about what happens with Bitcoin.

[Lauda]

- XT
- Classic
- Unlimited
- BCH
- S2X

BCH is not a takeover attempt. BCH is an altcoin that is no longer related to Bitcoin in any way or form (other than keeping the same UTXO set at the time of the fork). Don't attempt to spread BCH propaganda in this thread as: a) It is off topic. b) BCH is a shitcoin. c) This is a self-moderated thread.
I'll update OP with the attacks mentioned by theymos and lay out everyone who was involved in them and attempted to take over Bitcoin. #NeverForget

[worldofcoins]

Just another failed attack on anti-fragile Bitcoin, furthering it's resilience and robustness.

Segwit2x is dead, long live Bitcoin!

I do not know why everyone is saying is dead, they said the cancelled the hardfork, does that mean is dead.  According to what I had been reading and what they have said is they cancelled due to a consensus in the bitcoin community.  Also we do not know if this was a manipulation event as well, there are alot of factors and I think people looking at this one sided is quite funny.  At least now we know that bitcoin will be able to get upgraded to the lighting network much sooner thanks to segwit.
Segwit2x team says,
"While this fork won’t happen, SegWit is here to stay. So let’s see if companies and developers are going to take advantage of SegWit in the coming months."

[andyatcrux]

Just another failed attack on anti-fragile Bitcoin, furthering it's resilience and robustness.

Segwit2x is dead, long live Bitcoin!

I do not know why everyone is saying is dead, they said the cancelled the hardfork, does that mean is dead.  According to what I had been reading and what they have said is they cancelled due to a consensus in the bitcoin community.  Also we do not know if this was a manipulation event as well, there are alot of factors and I think people looking at this one sided is quite funny.  At least now we know that bitcoin will be able to get upgraded to the lighting network much sooner thanks to segwit.
Segwit2x team says,
"While this fork won’t happen, SegWit is here to stay. So let’s see if companies and developers are going to take advantage of SegWit in the coming months."

Proposals for on-chain scaling aren't dead per say, just this one. A block size increase is after all still on the roadmap for if and when it gains widespread consensus. I like Pieter Wuille's Bip 103 (https://github.com/bitcoin/bips/blob/master/bip-0103.mediawiki)  of the 5 remaining open drafts.   

Thing is, until Segwit is fully utilized and https://bitcoincore.org/en/2017/03/23/schnorr-signature-aggregation/  along with LN are implemented, a hard fork isn't likely to gain the widespread consensus needed.

[Cointribute]

Just another failed attack on anti-fragile Bitcoin, furthering it's resilience and robustness.

Segwit2x is dead, long live Bitcoin!

I do not know why everyone is saying is dead, they said the cancelled the hardfork, does that mean is dead.  According to what I had been reading and what they have said is they cancelled due to a consensus in the bitcoin community.  Also we do not know if this was a manipulation event as well, there are alot of factors and I think people looking at this one sided is quite funny.  At least now we know that bitcoin will be able to get upgraded to the lighting network much sooner thanks to segwit.
Segwit2x team says,
"While this fork won’t happen, SegWit is here to stay. So let’s see if companies and developers are going to take advantage of SegWit in the coming months."

Proposals for on-chain scaling aren't dead per say, just this one. A block size increase is after all still on the roadmap for if and when it gains widespread consensus. I like Pieter Wuille's Bip 103 (https://github.com/bitcoin/bips/blob/master/bip-0103.mediawiki)  of the 5 remaining open drafts.   

Thing is, until Segwit is fully utilized and https://bitcoincore.org/en/2017/03/23/schnorr-signature-aggregation/  along with LN are implemented, a hard fork isn't likely to gain the widespread consensus needed.

SegWit proposal did helped surge BTC over last 2 months.

[kr105]

I am happy that SegWit2X is canceled because I am a Bitcoin investor. I think they knew they were going to fail a long time ago, and they made a lot of speculation without making an early announcement. Again Bitc:)in win .

[xbl1008]

Just another failed attack on anti-fragile Bitcoin, furthering it's resilience and robustness.

Segwit2x is dead, long live Bitcoin!

I do not know why everyone is saying is dead, they said the cancelled the hardfork, does that mean is dead.  According to what I had been reading and what they have said is they cancelled due to a consensus in the bitcoin community.  Also we do not know if this was a manipulation event as well, there are alot of factors and I think people looking at this one sided is quite funny.  At least now we know that bitcoin will be able to get upgraded to the lighting network much sooner thanks to segwit.
Segwit2x team says,
"While this fork won’t happen, SegWit is here to stay. So let’s see if companies and developers are going to take advantage of SegWit in the coming months."

Proposals for on-chain scaling aren't dead per say, just this one. A block size increase is after all still on the roadmap for if and when it gains widespread consensus. I like Pieter Wuille's Bip 103 (https://github.com/bitcoin/bips/blob/master/bip-0103.mediawiki)  of the 5 remaining open drafts.   

Thing is, until Segwit is fully utilized and https://bitcoincore.org/en/2017/03/23/schnorr-signature-aggregation/  along with LN are implemented, a hard fork isn't likely to gain the widespread consensus needed.

SegWit proposal did helped surge BTC over last 2 months.

Some news now is spreading that Segwit 2x will continue.. continue or not i'm eyeing on major miners who have influence in this matter try following them in twitter and be updated in their sentiments i did earn on alts before they pump but i short it fast after i hit the target because their something fishy in this news for my opinion only...

[KwizatzHaderach]

This should further strengthen Bitcoin position. Not a long time before it hits 10k mark.
Have read though they are shelving it for the mean time and wait the opportune time for the community to turn around.

All is well in Bitcoin land then for the mean time.
Time to go and buy some alts.

[Soutogu]

Good to see that Bitcoin has managed to cross this obstacle, it's a great sign for the future if governments and other entities start throwing it under the bus. The team behind 2x was very irresponsible throughout the entire thing.. Even canceling it just a few days before it actually happened was shady as heck.

Now we wait and hope we get some scaling solutions in the very near future, with consensus.

[hatshepsut93]

Yet again we have a proof that Satoshi's economic consensus design is able to withstand many attacks. SegWit2x has been called off not because NYA signatories are good guys who want to have united community, so they conceded because of lack of support from users. No, they have cancelled it because without user support it would be economic suicide - miners would waste their power on cheap altcoin, businesses would stuck on an altcoin chain with little to no users, and there's no way people would abandon Bitcoin just because fees on other chain is lower and blocks are bigger - if that's what people wanted, they'd do it with any other alts years ago.

[maruf9522]

yes now bitcoin and all ath [Suspicious link removed]d news , they all pump pump ,

[rodel caling]

good news still remain bitcoin continue to increase price value i can't imagine how much the pirce value of bitcoin before the end of this year, if the correction hard fork segwit2x is dead and bitcoiner's happy for the long live of bitcoin especially continues huge increasing the value.

[tulakill]

I do not understand. why sewgit failed. bitcoin pump. when people keep bitcoin. because bitcoin changes btg. now. prices are higher. the whale's trick.