Segwit2x is dead, long live Bitcoin

[pooya87]

what the hell has been going on the past hours! i saw $7700 price before i went to sleep and now (in the morning) it seems like all hell broke lose over night
did they pump the price to release this news and short bitcoin?

it is funny to watch though. specially the next one saying we are going ahead with the fork and all the rest of the weird news that has been going around on the media because of it...

[Lucius]

I'm glad that they decided to stop hard fork and show a little common sense after all.I think the decision is absolutely correct and that would be a big mistake if they continued on with their plan.What BTC needs now is united community,every serious action should have the overwhelming support of developers and users.

what the hell has been going on the past hours! i saw $7700 price before i went to sleep and now (in the morning) it seems like all hell broke lose over night
did they pump the price to release this news and short bitcoin?

it is funny to watch though. specially the next one saying we are going ahead with the fork and all the rest of the weird news that has been going around on the media because of it...

Price is almost 7800$ before this news,and after news is drop to 7100$ but quickly recovered above 7300$.I think it is positively thing we have remained above 7000$ level,now we can test and see if this price increase is only related to hard fork and free coins or a positive trend will continue despite the cancellation of Segwit2x.

[Lauda]

I think the decision is absolutely correct and that would be a big mistake if they continued on with their plan.

Their agenda remains malicious. They only did this in order to save face, not because of the reasons listed in that statement. Also, insider trading.

I've added a small list of attempted takeovers and the people that were involved in them. I'm missing out quite a number of names and dates. Therefore, if anyone has any suggestions you can post here or PM me and I'll update it.

[Gimpeline]

Really good news. Hope this is the end of the big blockers attacks, but sadly they always come back with a new scheme to take over bitcoin.

[ibminer]

There will be further attempts, too much money and a lot of egos involved. Regardless, this was an interesting and educational series of events. Good show, Bitcoin.

[zenchi8]

And now Bitcoin price drops significantly 

[Lauda]

There will be further attempts, too much money and a lot of egos involved. Regardless, this was an interesting and educational series of events. Good show, Bitcoin.

Which is why we should never forget who the leaders of these takeovers were and never forget to call them out for them.

And now Bitcoin price drops significantly 

Your point being? Stop being an uneducated bamboozled baboon and start doing some research, learning and start thinking for yourself.

[LitcoinCollector]

What to think of this?

https://bitcoin2x.org/

[Lauda]

What to think of this?

https://bitcoin2x.org/

Classic scam by some BCH/forker troll.

[zenchi8]

Your point being? Stop being an uneducated bamboozled baboon and start doing some research, learning and start thinking for yourself.

lol 

I know bitcoin will rise again. I just don't get why the current drop is happening. Perhaps I still need to do more research.

[garytheasshole]

What to think of this?

https://bitcoin2x.org/

Probably reused domain from some "bitcoin doubler" scam

[Jafri101]

segwit2 has died so within no time bitcoin gonna go to 10k mark soon. i guess its running and it will soon touch 10k mark by december this year.

[Netnox]

If I am not wrong, a number of the major crypto-exchanges were allowing futures trading of B2X coins. What will happen to these trades and traders? B2X (futures) was trading at around $1,200 per coin two days back. So will that value get reduced to $0, and the investors lose all of their capital amount?

[garytheasshole]

If I am not wrong, a number of the major crypto-exchanges were allowing futures trading of B2X coins. What will happen to these trades and traders? B2X (futures) was trading at around $1,200 per coin two days back. So will that value get reduced to $0, and the investors lose all of their capital amount?

Yes, they are fucked, because they're stupid greedy cunts, fuck them.

[burnedbyfees]

If I am not wrong, a number of the major crypto-exchanges were allowing futures trading of B2X coins. What will happen to these trades and traders? B2X (futures) was trading at around $1,200 per coin two days back. So will that value get reduced to $0, and the investors lose all of their capital amount?

Yes, they are fucked, because they're stupid greedy cunts, fuck them.

 

Harsh but fair.

[ibminer]

There will be further attempts, too much money and a lot of egos involved. Regardless, this was an interesting and educational series of events. Good show, Bitcoin.

Which is why we should never forget who the leaders of these takeovers were and never forget to call them out for them.

Full resolution: https://i.imgur.com/jBoeDK2.jpg

 

[smartJEV]

There will be further attempts, too much money and a lot of egos involved. Regardless, this was an interesting and educational series of events. Good show, Bitcoin.

Which is why we should never forget who the leaders of these takeovers were and never forget to call them out for them.

Full resolution: https://i.imgur.com/jBoeDK2.jpg

 

haha, wall of shame

[illinest]

If I am not wrong, a number of the major crypto-exchanges were allowing futures trading of B2X coins. What will happen to these trades and traders? B2X (futures) was trading at around $1,200 per coin two days back. So will that value get reduced to $0, and the investors lose all of their capital amount?

The 2x software is already out there in the wild. So the fork will definitely occur. It's just that nobody is likely to pay attention to it nor care -- it's not backed by the major businesses that were pushing it before, nor Bitmain. That right there takes all its market value away. For all we know, there may be so little hash power mining the 2x chain that no block will ever be found on its network.

So, from that perspective, I would expect B2X futures (and eventually B2X coins) to have a very small non-zero value. You can think of it like a dead altcoin project, which trades near zero. Sometimes a developer will "re-launch" a dead project and its value can 10x or 100x. But it's only good for a pump-and-dump.

[Lauda]

Yes, they are fucked, because they're stupid greedy cunts, fuck them.

Harsh but fair.

They get what they deserve.

-snip-

Very nice. I've added it to first post.

The 2x software is already out there in the wild. So the fork will definitely occur. It's just that nobody is likely to pay attention to it nor care -- it's not backed by the major businesses that were pushing it before, nor Bitmain.

That doesn't matter; the same how BTG doesn't matter, but is just noise (the difference being that BTG has a scam premine of theirs).

That right there takes all its market value away. For all we know, there may be so little hash power mining the 2x chain that no block will ever be found on its network.

At this time it is hard to say. e.g. btc.com is still signalling support even though Jihan owns them and Antpool stopped signalling. We should wait a few more days before making more accurate predictions.

[bellamae]

Advocates for a bitcoin hard fork have now decided to cancel plans for the so-called SegWit2x fork. The bitcoin block chain was supposed to split into two block chains in roughly 8 days. But it looks like SegWit2x backers couldn’t convince enough people in the bitcoin community to make the SegWit2x block chain the new mainstream bitcoin block chain. SegWit2x will therefore not activate Nov. 16 as planned, Belshe isn't naming a possible future date. “Our goal has always been a smooth upgrade for Bitcoin. Although we strongly believe in the need for a larger block size, there is something we believe is even more important: keeping the community together. Unfortunately, it is clear that we have not built sufficient consensus for a clean blocksize upgrade at this time. Continuing on the current path could divide the community and be a setback to Bitcoin’s growth. This was never the goal of SegWit2x.”