Segwit2X Cancelled

[CryptosapienZA]

Segwit2X has been cancelled.

https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html

The Segwit2x effort began in May with a simple purpose:  to increase the
blocksize and improve Bitcoin scalability. At the time, the Bitcoin
community was in crisis after nearly 3 years of heavy debate, and consensus
for Segwit seemed like a distant mirage with only 30% support among miners.
Segwit2x found its first success in August, as it broke the deadlock and
quickly led to Segwit’s successful activation. Since that time, the team
shifted its efforts to phase two of the project - a 2MB blocksize increase.

Our goal has always been a smooth upgrade for Bitcoin.  Although we
strongly believe in the need for a larger blocksize, 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.

As fees rise on the blockchain, we believe it will eventually become
obvious that on-chain capacity increases are necessary. When that happens,
we hope the community will come together and find a solution, possibly with
a blocksize increase. Until then, we are suspending our plans for the
upcoming 2MB upgrade.

We want to thank everyone that contributed constructively to Segwit2x,
whether you were in favor or against. Your efforts are what makes Bitcoin
great. Bitcoin remains the greatest form of money mankind has ever seen,
and we remain dedicated to protecting and fostering its growth worldwide.


Mike Belshe, Wences Casares, Jihan Wu, Jeff Garzik, Peter Smith and Erik
Voorhees

--


*Mike Belshe*
*CEO, BitGo, Inc*

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[tomahawk9]

Yep, just saw this after checking the price, it was $7700 at the moment i saw the article, and as I type this, its $7877. I'm not sure what's happening but i'm gonna wait a few more hours after the dust settles. I have SO many questions in my mind right now that i don't know where to start. All I can say is: this is going to be fun.

[alyssa85]

Is this for real? After all this drama they pulled out with just over a week to go?

I wonder what made them change their minds, and I wonder what the implications are

[niceacrobtc]

too bad...
So the difficulty for mining will increase...
I hope they will reconsider their decision...

[CryptosapienZA]

Is this for real? After all this drama they pulled out with just over a week to go?

I wonder what made them change their minds, and I wonder what the implications are

I am also interested in finding out what caused this decision.

too bad...
So the difficulty for mining will increase...
I hope they will reconsider their decision...

Time will tell if the block size increase project has been abandoned. Why do you think the mining difficulty will increase?

[Frank0209]

Maybe it's the main reason why Bitcoin price is increasing very quickly at the moment ). Trader know this news so they no need to collect Bitcoin to claim B2X anymore so they decided to not hold it anymore and use it to trade ). Although I know this news but I'm still holding my Bitcoin cause I'm not a good trader so I'll not risk my Bitcoin at the moment cause its price is increasing very quickly. If Bitcoin price keep increasing like this I think it'll reach to 10k$ at the end of this month

[2double0]

This is the sexiest news I/we had all been waiting for since the drama emerged for 2x. I believe they won't stop here and will come back in the future and you may call it "postponed" instead of "canceled", but this shows that Bitcoin wins the miners' hearts as well as investors' confidence and the index levels are enough to prove that. RIP S2X, let us begin our journey to 10k (but after a possible correction of 500 - 1500 USD down).

[rohqit]

This is the sexiest news I/we had all been waiting for since the drama emerged for 2x. I believe they won't stop here and will come back in the future and you may call it "postponed" instead of "canceled", but this shows that Bitcoin wins the miners' hearts as well as investors' confidence and the index levels are enough to prove that. RIP S2X, let us begin our journey to 10k (but after a possible correction of 500 - 1500 USD down).

Continued price increase means lots of people still haven't gotten this news. WTH ... no free coins, oh damn what to do, should i stay or go .... the slightest dip now will send BTC tumbling

[Phalo]

I guess Jeff Garzik announcing his own token should have been a sign. I thought the timing was horrible.

[teilwalL05]

A bold move for segwit they only want for the community to stay together but there are tons of opinion out there and many in the community had a different opinion about segwit, if you would make a servey about this you can have people that are agaisnt every move of segwit people that supports segwit and people that are in the neutral side and we can not determine what causes segwit to have this kind of conclusion but anyway bitcoin will still increase in value but for how long?

[Captain_Planet]

Thats not a good thing, thats really terrible for people who purchased bitcoin at high price, I am sure in few hours bitcoin will be dumped and alts will rise. I am not aganist alt rising price but seriously why they cancelled the segwit2x just before a week?

[niceacrobtc]

A bold move for segwit they only want for the community to stay together but there are tons of opinion out there and many in the community had a different opinion about segwit, if you would make a servey about this you can have people that are agaisnt every move of segwit people that supports segwit and people that are in the neutral side and we can not determine what causes segwit to have this kind of conclusion but anyway bitcoin will still increase in value but for how long?

So what's the next step ? .. .i mean, do you have any idea ?

[kristothek]

Yes! Finally we can move on. I'm so excited I'm shaking right now. Best news ever!

[rohqit]

Thats not a good thing, thats really terrible for people who purchased bitcoin at high price, I am sure in few hours bitcoin will be dumped and alts will rise. I am not aganist alt rising price but seriously why they cancelled the segwit2x just before a week?

the blood bath already began, down almost $1000 last hour. Hope you didn't buy at those whale baiting highs

[franky1]

segwit2x(b2x) was always intended as an altcoin and not a bitcoin upgrade

it was just a bait and switch to push segwit(core1x) into being accepted after 9 months of objection(from last year). and then backtrack out of the 2x part

core closed off the chance of any community adoption of B2x the same day it was suggested to core.
https://github.com/bitcoin/bitcoin/pull/11128

[Emoclaw]

While I am not necessarily against a bigger block HF in the future, I believe this to be great news right now.
This fork had the potential to seriously divide the Bitcoin community and could potentially be catastrophic, unlike Bitcoin Cash.
I'm glad the plan was aborted at this time.

[cetel]

Recently I heard about the cancellation, from the violas went up.This is good, how long have they been stuck in one place.

[Criptotusker]

now i think good time to enter altcoin. It will be price raise all the altcoin next few days. In that news cause to be bitcoin and altcoin increase there price.

[tryer12]

Well I sure do hope that all of the support that was suppose to be for Segwit2x will now go to improve the original blockchain and even boost it even higher.

[chiggz]

Any speculations on the price? Price was climbing towards $7500 and suddenly dropped to $7000. So is it going to drop more or gonna increase to 8000k?

[rohqit]

Any speculations on the price? Price was climbing towards $7500 and suddenly dropped to $7000. So is it going to drop more or gonna increase to 8000k?

It will fall to at least 6k since the futures price on the fork was over $2000. That free money is now gone. If it stays above 6k I'd be very surprised.

[niceacrobtc]

Any speculations on the price? Price was climbing towards $7500 and suddenly dropped to $7000. So is it going to drop more or gonna increase to 8000k?

I think it's just "trader" & inverstors...

Il will "google dance" during 4/5 hours, then will will come back to normal... i think

[Okuzgozu]

After news prices saw 7900 than it make a free fall to 6900 now its around 7300s but i think fall will continue. China sleeping now

[kenzawak]

now what ?

are whales gonna sell and the price go down ,then buy back again ?

[Kronos21]

Any speculations on the price? Price was climbing towards $7500 and suddenly dropped to $7000. So is it going to drop more or gonna increase to 8000k?

I think that the price of bitcoin does not depend on the forks. Logically, the price had to fall but we saw that she was growing up after each bifurcation. The price is completely under the control of the whales. They can manipulate the price to their advantage and it is impossible to predict. I believe that bitcoin will become better. Miners must understand that high fees brake for bitcoin and they can always find something to compensate for their reduction.

[chiggz]

Any speculations on the price? Price was climbing towards $7500 and suddenly dropped to $7000. So is it going to drop more or gonna increase to 8000k?

I think that the price of bitcoin does not depend on the forks. Logically, the price had to fall but we saw that she was growing up after each bifurcation. The price is completely under the control of the whales. They can manipulate the price to their advantage and it is impossible to predict. I believe that bitcoin will become better. Miners must understand that high fees brake for bitcoin and they can always find something to compensate for their reduction.

I think this is a good new for Bitcoin cash. Now there is a chance for some big names announce their support for Bitcoin Cash shortly.

[lazygin001]

Oh dear can't believe it had happened. I was expecting something exciting there with the fork today but saw the price gone down to 7300. Hopefully they will regroup and think of another way driving Bitcoin forward.

[harizen]

Oh dear can't believe it had happened. I was expecting something exciting there with the fork today but saw the price gone down to 7300. Hopefully they will regroup and think of another way driving Bitcoin forward.

Why so afraid and worried? Try to changed your interval to 15 mins. minimum and see the action by yourself.

The resistance is looking good around the current price rate and playing at about or around $300-$500 margin above and below as average. Just let this crazy price movement slow down before we can state that the result of Segwit2x cancellation is a price crash.

[exstasie]

Oh dear can't believe it had happened. I was expecting something exciting there with the fork today but saw the price gone down to 7300. Hopefully they will regroup and think of another way driving Bitcoin forward.

You have to consider what the market was expecting. Based on the Bitcoin Cash experience, some people were buying BTC to get the B2X airdrop, given that it was worth upwards of $1000 a piece. That includes altcoin holders, hence the bleeding altcoin markets recently.

With this news, bottom sellers in altcoins who were buying the BTC rally are now rushing back into alts. BTCUSD traders who were buying for the airdrop are now dumping since they won't get it.

That's my take on this volatility..... the "Eiffel Tower" as chartists would call it. It's literally the biggest 4-hour candle in BTC history. The people who were trading based on the B2X fork are now meeting dip buyers. I think the dip buyers will prevail and we will see new highs.

[bazar111]

Again manipulation on BTC, they didnot made Segwit, but made people to sell all their altcoins and buy expensive Bitcoin , and now the game is change , because many people bought BTC to get free BTC2X.

[stompix]

After news prices saw 7900 than it make a free fall to 6900 now its around 7300s but i think fall will continue. China sleeping now

China means 0 , and their influence is gone. Looking at Chinese exchanges is as informative as looking at cats sleeping.
As for the price, of course it's a mess.

No more helicopter money, but as the same time bitcoin is again the only one that matters and we got rid of a difficult situation.
It will calm down in a matter of hours.

Again manipulation on BTC, they didnot made Segwit, but made people to sell all their altcoins and buy expensive Bitcoin , and now the game is change , because many people bought BTC to get free BTC2X.

Selling altcoins for bitcoins is not stupid,nor the result of manipulation, it's normal.
In the end, it's going to be only one.And guess which..BTC

[Bytem3]

SegWit2x dropped from $1400 to $180 within minutes https://coincodex.com/crypto/segwit2x/ lol, dunno why people still buy at this moment lol

[Phalo]

segwit2x(b2x) was always intended as an altcoin and not a bitcoin upgrade

it was just a bait and switch to push segwit(core1x) into being accepted after 9 months of objection(from last year). and then backtrack out of the 2x part

core closed off the chance of any community adoption of B2x the same day it was suggested to core.
https://github.com/bitcoin/bitcoin/pull/11128

Perhaps a noob question but, How is consensus reached?

[Phalo]

After news prices saw 7900 than it make a free fall to 6900 now its around 7300s but i think fall will continue. China sleeping now

I wish people would stop being obsessed with the price and be busy speculating right now. Amateurs need to stay the hell away from trading right now.

[flip4flop]

The reaction is interesting to see it shoot up to the high 7000s then drop all the way back down before settling in at 7300.  I am hopeful the bottom doesnt fall out as the rest of the world reacts.  It is nice to see the alts start to recover though, was nice to see the entire portfolio have a 20-25% boost across the board on average while not losing a ton on the BTC price.  Will be interesting to see what if anything happens to Bitcoin Gold when they ever get themselves on line and if this effects that pricing at all.

[Jurski]

Interesting how is the market going to react

[soham]

Any speculations on the price? Price was climbing towards $7500 and suddenly dropped to $7000. So is it going to drop more or gonna increase to 8000k?

The price will now take a dip. We will see the impact soon. The blocksize increase didn't get support from the stakeholders so they are cancelling it. The market was riding high on positive energy for the hope of free coin, so I believe, the gamblers will now exit the market and we will have a temporary dip in price before going up again. Time to average out the buying price for me.

[coinsontheroad]

Caught this immediately. Went straight to the alt market and swept in 52%. Thank God the war is over!

[Virtual miner]

Well the miners kind of won over the idea of decentralization. I think segwit2x came with its own motive and a very good implementation plan too. But support is the most important thing you need. Its the majority support which has led btc price up to 7500 and it is the abandoned support for B2X leading to its decline. Well no more controversy over it long live bitcoin with a hope of transaction fees and times going down!

[J_Dubbs]

Yes, it's very cool, because all the altcoyins have gone up, everything is becoming more expensive. But maybe all of us are waiting for sevit in the near future. Maybe it's just decided to move it. So do not relax. Buy altcoyins, while they are still at a low start, then it may be too late.

[CryptosapienZA]

The question on everyone 's mind is now what? Personally I am not ruling out a fork. Did anyone notice the absence of some other NYA signatories from the announcement?

[Lionidas]

SO what does this really mean for bitcoin?

No faster transactions?
Is this good or going to get worse over time.
For the technology of bitcoin and the blockchain as a whole?

Stagnation from where I see not going forward with must needed to be done so to compete to what litecoin is doing with their lightening network technology.

[Imran1271]

Yep, just saw this after checking the price, it was $7700 at the moment i saw the article, and as I type this, its $7877. I'm not sure what's happening but i'm gonna wait a few more hours after the dust settles. I have SO many questions in my mind right now that i don't know where to start. All I can say is: this is going to be fun.

yeah i am really upset to see this news. what's will be happening after the that segwit2x what impact will be imposed on bitcoin i can't imagine that. In this situation what should i do hold my bitcoin or sell them right now...? i don't decided anything.

[electronicash]

okay so ahhhh i did sell some of my altcoins just for oh my god those altcoins price already are going up  

now is the good time to release the tokens that weren't yet listed on exchanges, i think those coins and tokens are going to rise up too.  still considered good news for every holders.

[treanski]

thats why i love the cryptocurrency world, it never gets boring

[mjacer]

Is there a plan to proceed with the hard fork some other time?

[Dutchyyy]

Segwit2X has been cancelled.

https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html

The Segwit2x effort began in May with a simple purpose:  to increase the
blocksize and improve Bitcoin scalability. At the time, the Bitcoin
community was in crisis after nearly 3 years of heavy debate, and consensus
for Segwit seemed like a distant mirage with only 30% support among miners.
Segwit2x found its first success in August, as it broke the deadlock and
quickly led to Segwit’s successful activation. Since that time, the team
shifted its efforts to phase two of the project - a 2MB blocksize increase.

Our goal has always been a smooth upgrade for Bitcoin.  Although we
strongly believe in the need for a larger blocksize, 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.

As fees rise on the blockchain, we believe it will eventually become
obvious that on-chain capacity increases are necessary. When that happens,
we hope the community will come together and find a solution, possibly with
a blocksize increase. Until then, we are suspending our plans for the
upcoming 2MB upgrade.

We want to thank everyone that contributed constructively to Segwit2x,
whether you were in favor or against. Your efforts are what makes Bitcoin
great. Bitcoin remains the greatest form of money mankind has ever seen,
and we remain dedicated to protecting and fostering its growth worldwide.


Mike Belshe, Wences Casares, Jihan Wu, Jeff Garzik, Peter Smith and Erik
Voorhees

--


*Mike Belshe*
*CEO, BitGo, Inc*

Good!!! For me Segwit2X doesn't have a future with the new B2X name. There is ONE Bitcoin.
I'm glad that they become smart enough not to ruin the whole crypto world.

[FrankNoland]

I personally think that this is a great move, there has been a lot of hard forks with in a short period of time, adding to that, there another one in december, bitcoin silver. I honestly dont see the need for all too many forks which might probably end up killing the real bitcoin, all try achieving the same thing.

I think in order for it to be solid, the developers should take some time developing it. Probably, it would be a good idea if its introduced at a later stage.

[lprytk]

it is a good news but it has to stop. there has been really a lot of hard forks. bitcoin should stay stable. in the future there will be new tries to make hard forks but it needs full support of community.

[Bitfyer]

Probably they realized that B2X would and up being just another altcoin due to the lack of support from the Bitcoin community in accepting the SegWit2X as the real Bitcoin chain.
I think that's is very important, because it will make Bitcoin stronger, and no one else will try to change the Bitcoin protocol without consensus of the community. Miners and a few exchanges and other companies are not the owners of Bitcoin. Of course Bitcoin needs to chance, but block size is not the most important thing in Bitcoin, it is its decentralization feature.

[Gaspa79]

I registered just to post this. This is very good news. What a freaking day to be alive! =)

[pushups44]

This seems like a redundant and unnecessary fork. Bitcoin Cash already upgraded to 8 MB blocks. I fail to see what Segwit2x would accomlish that Bitcoin Cash has not. Meanwhile, bitcoin will continue trudging along, making new highs as new altcoins are created by people claiming they are the "real" bitcoin.

[bitcoin31]

This is the sexiest news I/we had all been waiting for since the drama emerged for 2x. I believe they won't stop here and will come back in the future and you may call it "postponed" instead of "canceled", but this shows that Bitcoin wins the miners' hearts as well as investors' confidence and the index levels are enough to prove that. RIP S2X, let us begin our journey to 10k (but after a possible correction of 500 - 1500 USD down).

I think that's why bitcoin price as of now is already again 7500 dollars because those people still waiting to buy bitcoin they bought now because they see that new the fork is cancelled .

Maybe this month will reach 8k dollars upto 9k dollars and I hope it will happen and the percentage as of now is very high because many people buy again bitcoin if they see this news.

[bitbunnny]

Any speculations on the price? Price was climbing towards $7500 and suddenly dropped to $7000. So is it going to drop more or gonna increase to 8000k?

No one can't know this for sure. It was very close to 8000$ and then droped down again. Probably it will move up and down for a while until these cancellation of fork is finaly confirmed or declined. We will soon see.
But I have the feeling this was somehow made on purpose, big drama for nothing but to influence the market. Speculation, speculation, speculation...Have nothing more to say.

[HomoHenning]

SegWit2x dropped from $1400 to $180 within minutes https://coincodex.com/crypto/segwit2x/ lol, dunno why people still buy at this moment lol

they are still traded  at 100 dollar...people are speculating about a fake news.
is there any real prove that this is valid??? seems that there is just a posted mail...could be fake, mail could have been hacked etc.
I want a twitter message from anybody involved. pls help me.

[Cointribute]

SegWit2x dropped from $1400 to $180 within minutes https://coincodex.com/crypto/segwit2x/ lol, dunno why people still buy at this moment lol

they are still traded  at 100 dollar...people are speculating about a fake news.
is there any real prove that this is valid??? seems that there is just a posted mail...could be fake, mail could have been hacked etc.
I want a twitter message from anybody involved. pls help me.

Is it cancelled or postponed?

[HomoHenning]

SegWit2x dropped from $1400 to $180 within minutes https://coincodex.com/crypto/segwit2x/ lol, dunno why people still buy at this moment lol

they are still traded  at 100 dollar...people are speculating about a fake news.
is there any real prove that this is valid??? seems that there is just a posted mail...could be fake, mail could have been hacked etc.
I want a twitter message from anybody involved. pls help me.

Is it cancelled or postponed?

cancelled. but everybody is linking to this "mail". which could be fake obv

[50ouncebrew]

SegWit2X has officially been cancelled. Mike Belsche, Erik Voorhees, Wences Cesares, etc all signed off on the NYA. This is not a surprise and many saw this coming as they did not have the proper code the whole time. They weren't even implementing replay protection, which is a very dangerous thing to do and basically makes SegWit2X a takeover attempt and that's what it was.

[HomoHenning]

SegWit2X has officially been cancelled. Mike Belsche, Erik Voorhees, Wences Cesares, etc all signed off on the NYA. This is not a surprise and many saw this coming as they did not have the proper code the whole time. They weren't even implementing replay protection, which is a very dangerous thing to do and basically makes SegWit2X a takeover attempt and that's what it was.

do you have any prove besides this mail?

they are still signaling it : https://coin.dance/blocks

[CryptosapienZA]

SegWit2X has officially been cancelled. Mike Belsche, Erik Voorhees, Wences Cesares, etc all signed off on the NYA. This is not a surprise and many saw this coming as they did not have the proper code the whole time. They weren't even implementing replay protection, which is a very dangerous thing to do and basically makes SegWit2X a takeover attempt and that's what it was.

do you have any prove besides this mail?

they are still signaling it : https://coin.dance/blocks

Go to Twitter Erik has confirmed his support for cancellation. What a great time to be alive. I wish I can fast forward to next week, just to see what will happen. Miners are still signalling, so was Segwit2X a big scam? This signalling never meant anything in the first place. This is just too shady right now.

[darkangel11]

Is this for real? After all this drama they pulled out with just over a week to go?

I wonder what made them change their minds, and I wonder what the implications are

That's really weird. They had months to decide and had us waiting for nothing. I'm not sure if 2x was the best solution, but at least it was a solution. We will need to upgrade eventually so it might as well be now than later.

It's obvious that some people have decided to use this opportunity to try to start a panic selloff but it didn't work (at least until now), but they managed to screw that nice rise we were witnessing today. Tomorrow we'll know for sure what impact this news will have on the price. I'm still bullish.

[Fire Rabbit]

I think the segwit team finally understood that what ever happens people prefer only bitcoin and they don't have faith in so called forks. Now there will be a surge in bitcoin's price. In my opinion , definitely this fork will happen in future and i am sure about it. It will happen when people get fed up paying hugh transaction fees and start thinking of other alternative solution for small transactions .

[Astrilian]

While I am not necessarily against a bigger block HF in the future, I believe this to be great news right now.
This fork had the potential to seriously divide the Bitcoin community and could potentially be catastrophic, unlike Bitcoin Cash.
I'm glad the plan was aborted at this time.

It's a surprising move, one that puts community first, idealogy second.
I am convinced this will make bitcoin stronger longterm, after a short term correction.


Cindicator is already asking whether BTC/USD will drop below 6000 by November 20.

[HomoHenning]

SegWit2X has officially been cancelled. Mike Belsche, Erik Voorhees, Wences Cesares, etc all signed off on the NYA. This is not a surprise and many saw this coming as they did not have the proper code the whole time. They weren't even implementing replay protection, which is a very dangerous thing to do and basically makes SegWit2X a takeover attempt and that's what it was.

do you have any prove besides this mail?

they are still signaling it : https://coin.dance/blocks

Go to Twitter Erik has confirmed his support for cancellation

yes he has confirmed it . thx

[Zorbak]

That is a great news, it will make even stronger bitcoin community and it has proved who has the real power... THE USERS

This thing that we just seen could be applied to many other things if people realise who has the power.

[kram31]

bitcoin now is falling with its value on the market after the release of the cancellation of the fork! now the whales are selling their BTC or use their btc to buy alt coins! as you can see on the trading market now most of the alt coins are on green color which inddicates on  pumping in price while btc is duming almost 1000 usd now

[BitcoinPanther]

Well this announcement means no free coins and i also agree with one of the replies here, time to buy altcoin before these bitcoin that were hoard due to the possible free coins on HF flows to the altcoin scene again.  It is really surprising   that they will cancel the scheduled upgrade a week before it happen.  After lots of debates and excitement... Oh well, let us see what happen next.

[dusty rhodes]

man that is some shady stuff

makes you wonder

[Tigran88]

Not very good news for bitcoin. Many people expected this b2x fork, but after the fork was canceled, bitcoin rushed down.
It's time to buy altcoyins while they are still below.
I expect to see bitcoin at 6000

[keung0109]

Does anyone have an idea of what's going to happen next?? This will be very interesting for the value of bitcoin and the miners.

[Redanim]

Great news. Now we can safely work. Last gold fork made a lot of problems. How I understand that fork was canceled due to the fact that there were supporters of Segwit2x, opponents of the upgrade and representatives of the infrastructure that were left out, promising to choose the network with the greatest complexity soon after the update.

[Wittycoin]

Segwit2X has been cancelled.

https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html

The Segwit2x effort began in May with a simple purpose:  to increase the
blocksize and improve Bitcoin scalability. At the time, the Bitcoin
community was in crisis after nearly 3 years of heavy debate, and consensus
for Segwit seemed like a distant mirage with only 30% support among miners.
Segwit2x found its first success in August, as it broke the deadlock and
quickly led to Segwit’s successful activation. Since that time, the team
shifted its efforts to phase two of the project - a 2MB blocksize increase.

Our goal has always been a smooth upgrade for Bitcoin.  Although we
strongly believe in the need for a larger blocksize, 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.

As fees rise on the blockchain, we believe it will eventually become
obvious that on-chain capacity increases are necessary. When that happens,
we hope the community will come together and find a solution, possibly with
a blocksize increase. Until then, we are suspending our plans for the
upcoming 2MB upgrade.

We want to thank everyone that contributed constructively to Segwit2x,
whether you were in favor or against. Your efforts are what makes Bitcoin
great. Bitcoin remains the greatest form of money mankind has ever seen,
and we remain dedicated to protecting and fostering its growth worldwide.


Mike Belshe, Wences Casares, Jihan Wu, Jeff Garzik, Peter Smith and Erik
Voorhees

--


*Mike Belshe*
*CEO, BitGo, Inc*

Is this mean that bitcoin will dump more? I heard yesterday about it that if segwit 2x cancel there is much more possibilities that bitcoin will dump more what we expected in after the fork in the midst of November. I don't understand sometimes if what the fork means maybe their is someone telling me that after that there will be a sharp increasing of price of bitcoin. Why they keep on pushing segwit2x is there any benefits that that segwit 2x gives to us as a holders of btc?

[MarioV]

Very good for this news that I enjoy. Trust in bitcoin is not touched. For those who wanted the biggest block there was bitcoin cash, segwit2x at this point had no reason to be done.

[squallw]

Its a very good news but now i dont know what will happens with BTC price.

If people think something like 'BTC is so good, so strong, nothing can stop it anymore' price may increase, but if ppl think 'well, no more free B2X coins, i will buy my alts again' the price will drop.
I believe that BTC price will get correction and alts will raise like before forks.

[Dan D. Lion]

I may be optimistic or naïve, but this explanation for the cancellation I find very uplifting.  It seems like people who care about Bitcoin's long-term success and adoption and positive future have put that commitment ahead of pride or intransigence.  I keep being surprised and impressed by this wonderful thing called Bitcoin and so many diligent, hard-working, creative and selfless individuals who remain committed to its bright future.

[MIV.matteo]

If I can share my opinion I'm so confused right now. One month of pure hype for this fork, people have started trading it on exchanger and now they cancel it seven days before it. I can't believe this. Anyway, against every expectation BTC price is now stable and it's apparently rising again. Better to save my funds on USDT and wait few days

[bunch]

I have mixed feelings. The uncertainty the fork has had has been bad, but now when it’s not happening, I feel it places mistrust in BTC.

[w5pn73]

man that is some shady stuff

makes you wonder

Yes indeed, I bet there's a lot of money being made behind the scenes. Such is the life of an insider..I guess.

[olushakes]

I am still yet to come to terms as to why they would take such decision after several people are on the look out for this. I don't even think BTG enjoys the amount of support SegWit enjoyed even the amount its trading alone is enough to feel the community response to it. Unfortunately, there is nothing anyone can do about that now. Brace up for serious price correction people because that is coming.

[Jonsnowstark]

I think this is a good decision. The segwit2 may be good for miners but for bitcoin as a whole it may divide us. This move i think benefits us all. I just hope this decision will not have a negative effect on the price of bitcoin. It is already approaching the 10,000 mark.

[fabioganga]

segwit2x(b2x) was always intended as an altcoin and not a bitcoin upgrade

it was just a bait and switch to push segwit(core1x) into being accepted after 9 months of objection(from last year). and then backtrack out of the 2x part

core closed off the chance of any community adoption of B2x the same day it was suggested to core.
https://github.com/bitcoin/bitcoin/pull/11128

Perhaps a noob question but, How is consensus reached?

Well, two things mainly are needed: big "juicy" exchangers and wallets announcing that they will support it and miners signalling that they support it.

[illinest]

If I can share my opinion I'm so confused right now. One month of pure hype for this fork, people have started trading it on exchanger and now they cancel it seven days before it. I can't believe this. Anyway, against every expectation BTC price is now stable and it's apparently rising again. Better to save my funds on USDT and wait few days

The fact that six people could "cancel" the fork tells you something. If six people decide whether Bitcoin forks or not, is the resulting coin really "decentralized?" It really makes you think, doesn't it?

Anyway, I'd be careful holding that USDT. The mid-term BTC chart still looks healthy to me for now. When I expect a drop in price, I prefer to find altcoin hedges when possible. USDT exposes you to big third party risk (Bitfinex + whatever exchange you are holding USDT on).

[Disconnecting]

If I can share my opinion I'm so confused right now. One month of pure hype for this fork, people have started trading it on exchanger and now they cancel it seven days before it. I can't believe this. Anyway, against every expectation BTC price is now stable and it's apparently rising again. Better to save my funds on USDT and wait few days

The fact that six people could "cancel" the fork tells you something. If six people decide whether Bitcoin forks or not, is the resulting coin really "decentralized?" It really makes you think, doesn't it?

Anyway, I'd be careful holding that USDT. The mid-term BTC chart still looks healthy to me for now. When I expect a drop in price, I prefer to find altcoin hedges when possible. USDT exposes you to big third party risk (Bitfinex + whatever exchange you are holding USDT on).

Hi! Can I ask? What is segwit2?

[alexzorgo]

The mind won war with greed. Or, I hope, segwit2x supporters realized that the disadvantages of a hard-fork outweigh its benefits or they realized that they will not be able to take control of developments

[molecularman]

Man,  I saw a post about a dude that just bought like 80k  of  2x futures..   Just think of all those people that were buying the futures and how much money they have lost.   

[sajjadkhan]

This is great news from long term perspective which puts value in the real chain. The scalability issues will be something we need consensus on but the way segwit2x was handled, I'm happy it didn't happen. Now hope is that alts come back.

[timikulit]

Now the bitcoin price correction might happen because there is no more reason for btc to be pumped.

Look at the alts now. the price is starting to climb. its better to buy alts now.

[Tamilson]

Its a very good news but now i dont know what will happens with BTC price.

If people think something like 'BTC is so good, so strong, nothing can stop it anymore' price may increase, but if ppl think 'well, no more free B2X coins, i will buy my alts again' the price will drop.
I believe that BTC price will get correction and alts will raise like before forks.

This will likely be the scenario now that segwit2x is canceled, bitcoin will undergo some correction or maybe some dips and this is the time for alts to shine again. After this all hyped because of segwit2x many will surely sell their bitcoin now afraid to lose profit but seeing the graph, it's too early to sell as bitcoin is still in uptrend position and there's no need to cram.

[Hunt_777]

Hey guys, how about we create our voting here in the forum about the Segwit2x. Someone should create it for us to know if Bitcointalk forum agrees or not. This can shade light in our stand about this move. Anyone agrees with it? hehe

[bitPico]

Majority miners never claimed to have backed out of SegWit2x. It is not cancelled nor can it be...

[Wunderkind]

Was not prepared for this event AT ALL. Kinda bummed I missed out on some good opportunities.

[alfstep]

Almost time to sell our alts at an expensive price to buy more bitcoin at a lower price
To many fork in a short time frame, even BCH which is BTC fork has itw own fork 

[Erelas]

Just by odd chance I happened to be where I could cash out on, what I think, will be the high for now, and if predictions hold, BTC will drop, altcoins will recover a bit, and I get to play the "buy back in" game.

I am certainly hoping that my prediction doesn't make a liar out of me, lol.  Diversify and hold for a bit, see what happens, and buy in.  I do feel like a lot of money has been made for people more "in the know" than your average crypto-enthusiast.  Someone knew far enough in advance to make bank on this decision I'm sure.

[aml007]

So based on this news, what would be the best investment strategy going forward? BTC or altcoins?

[Phalo]

segwit2x(b2x) was always intended as an altcoin and not a bitcoin upgrade

it was just a bait and switch to push segwit(core1x) into being accepted after 9 months of objection(from last year). and then backtrack out of the 2x part

core closed off the chance of any community adoption of B2x the same day it was suggested to core.
https://github.com/bitcoin/bitcoin/pull/11128

Perhaps a noob question but, How is consensus reached?

Well, two things mainly are needed: big "juicy" exchangers and wallets announcing that they will support it and miners signalling that they support it.

But isn't what the signalling has been about? I'm sorry, I don't know much but I think.in the end there was about 70 something signalling.

[chichigirl]

Segwit2X has been cancelled.

https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html

The Segwit2x effort began in May with a simple purpose:  to increase the
blocksize and improve Bitcoin scalability. At the time, the Bitcoin
community was in crisis after nearly 3 years of heavy debate, and consensus
for Segwit seemed like a distant mirage with only 30% support among miners.
Segwit2x found its first success in August, as it broke the deadlock and
quickly led to Segwit’s successful activation. Since that time, the team
shifted its efforts to phase two of the project - a 2MB blocksize increase.

Our goal has always been a smooth upgrade for Bitcoin.  Although we
strongly believe in the need for a larger blocksize, 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.

As fees rise on the blockchain, we believe it will eventually become
obvious that on-chain capacity increases are necessary. When that happens,
we hope the community will come together and find a solution, possibly with
a blocksize increase. Until then, we are suspending our plans for the
upcoming 2MB upgrade.

We want to thank everyone that contributed constructively to Segwit2x,
whether you were in favor or against. Your efforts are what makes Bitcoin
great. Bitcoin remains the greatest form of money mankind has ever seen,
and we remain dedicated to protecting and fostering its growth worldwide.


Mike Belshe, Wences Casares, Jihan Wu, Jeff Garzik, Peter Smith and Erik
Voorhees

--


*Mike Belshe*
*CEO, BitGo, Inc*

I don't expect this cancellation. What will be the better decision now? What will be the best things yo do? Invest in bitcoim or altcoins? Should i keep on holding?

[DanWagner]

This is good news for btc , but they guys behind segwit2x are a shady bunch.

[prashanta]

I think this is a good decision. The segwit2 may be good for miners but for bitcoin as a whole it may divide us. This move i think benefits us all. I just hope this decision will not have a negative effect on the price of bitcoin. It is already approaching the 10,000 mark.

What are you worried about? If you're already holding bitcoin and the 2x fork is "successful" then you'll be able to spend coins on that chain too. Just don't be too hasty to sell your coins and wait to see which one succeeds.

[LouVandetta]

What? Is that true? I didn't see that coming. After all these past weeks was always about segwit2x this and that.
So that's why bitcoin price was having a flash dump. And no wonder alts price is recovering.
Well, it means that now is the time for alts to rise up, right? I better fasten my seatbelt, then.

[Indrawan77]

This has been a big news since this morning, and its such an unfortunate, it is cancelled just a week before forking while some of the exchanger already ready to accept it, but it will be good for bitcoin growth,  the investors wont need to split the investment and will be back to keep bitcoin, so it is still a great news for all of us

[Phalo]

So based on this news, what would be the best investment strategy going forward? BTC or altcoins?

Personally I don't play with the big boys. I took my money out of BTC literally about 5 hours before the announcement. I don't want to be part of this mess. With the institutional money that is now in bitcoin the game has changed(changing). I will look for entry and buy back after the 20Nov. That was my plan from day 1, it was to stay away from the Segwit2X fork.

[Crypbull]

I got news about this is temporary cancellation,  may Be It will be on coming month, But officially not saying anything about Segwit2X, 

[dusty rhodes]

I got news about this is temporary cancellation

i keep reading crap like this but no one has proof

[Scorpion]

I actually appreciate this message from these group of guys, especially the part that specifies constructive contribution whether for or against. It was a very heated debate and tense days approaching the hardfork, it would have been the biggest test Bitcoin has ever seen. Eventually they saw it could be very damaging to Bitcoin so much so it could halt it's growth - wow, so the experts saying it could've divided Bitcoin and cause massive confusion were not kidding around at all.

[digaran]

What? Is that true? I didn't see that coming. After all these past weeks was always about segwit2x this and that.
So that's why bitcoin price was having a flash dump. And no wonder alts price is recovering.
Well, it means that now is the time for alts to rise up, right? I better fasten my seatbelt, then.

It's not this neither that, you should put on your white hat. in less than a week, whales earned billions of dollars literally by selling you Bitcoins at $7000+ while they got them by mining and buying with much lower prices, it is clear as the running water that some of the big whales are pouring the earned money
from Bitcoin trading into alts. now they will start to dump their alts after some anonymous group behind  B2X says that they will continue their hard fork attempt as it was scheduled.
 

[btc-hunter]

They just realised bitcoin is no more solvable. The only way to get out of bitcoin if you own a high amount of coins is by selling them easy. Facebook style sale.

Some of you already know that facebook is systematically sold. The team behind the sale thought good when they realised if they will list facebook for the entire price is less likely someone has the cash to pay for it. So they will do it in 100 years. The same thing will happen if someone try to sell big amount of btc. They can't doit at once because the price will drop down to earth. So the only way to pour safe money from big amount of btc is by selling it easy.

I'm wrong thinking that way?

[hndrk10]

They just realised bitcoin is no more solvable. The only way to get out of bitcoin if you own a high amount of coins is by selling them easy. Facebook style sale.

Some of you already know that facebook is systematically sold. The team behind the sale thought good when they realised if they will list facebook for the entire price is less likely someone has the cash to pay for it. So they will do it in 100 years. The same thing will happen if someone try to sell big amount of btc. They can't doit at once because the price will drop down to earth. So the only way to pour safe money from big amount of btc is by selling it easy.

I'm wrong thinking that way?

That's actually an interesting idea. I like the way you think you are giving me hope with the altcoins I am into. And I pretty much agree with you, Bitcoin is hopeless, but bitcoin is the branding of Crypto.

[JohnHero]

It's really scary, because something has to happen now with the Bitcoin growth, and thinking about it scares the shit out of me. What is it gonna be, what is it gonna be?

[NeuroticFish]

Segwit2X has been cancelled.

https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html

This is the best news of the month. I've heard rumors here and there and I didn't believe them since the pools still signal NYA.
I really hope this is for real and for good. I was so scared the miners will do something this stupid now (when Wall Street drags Bitcoin upwards in an accelerated manner) and we'll lose some more years to recover.

[CryptosapienZA]

I actually appreciate this message from these group of guys, especially the part that specifies constructive contribution whether for or against. It was a very heated debate and tense days approaching the hardfork, it would have been the biggest test Bitcoin has ever seen. Eventually they saw it could be very damaging to Bitcoin so much so it could halt it's growth - wow, so the experts saying it could've divided Bitcoin and cause massive confusion were not kidding around at all.

All I am hoping for is a positive move forward, but im afraid i just don't see it.  I don't think its true that anyone wanted to destroy Bitcoin. Anyone who has put money in this ecosystem wants to see it thrive. Unfortunately the difference come on how we move forward with so many unhappy people. Let's wait for next week and see if all goes smoothly.

[Bittoshi]

Good news for the unity of the BTC community for now. But long time there is no way to stay with 1MB blocksize. Transfer fees increase all the time and one day this will be more dangerous for BTC than a blocksize increase.

[xenxen]

i have plan to send my bitcoin in other wallet whose suport segwit2 but i change my mind after i hear this news..i still holding my coin while his price is still increasing....

[emberbekas]

This is the sexiest news I/we had all been waiting for since the drama emerged for 2x. I believe they won't stop here and will come back in the future and you may call it "postponed" instead of "canceled", but this shows that Bitcoin wins the miners' hearts as well as investors' confidence and the index levels are enough to prove that. RIP S2X, let us begin our journey to 10k (but after a possible correction of 500 - 1500 USD down).

I do believe they will come back someday. I expected the price will move down because of this news. Therefore I can start buying some, hold it and waiting for the next fork.

[lighpulsar07]

Well that is really a good news they already gave up the segwit2x hard fork it looks like they realized that they will lose in the end and their fork may cause huge problems between the two chain if they succeed. but i think will this is only a beginning we will still see more of them in future as long as their intentions aren't fulfilled they wont stop creating a new fork.

[2double0]

This is the sexiest news I/we had all been waiting for since the drama emerged for 2x. I believe they won't stop here and will come back in the future and you may call it "postponed" instead of "canceled", but this shows that Bitcoin wins the miners' hearts as well as investors' confidence and the index levels are enough to prove that. RIP S2X, let us begin our journey to 10k (but after a possible correction of 500 - 1500 USD down).

Continued price increase means lots of people still haven't gotten this news. WTH ... no free coins, oh damn what to do, should i stay or go .... the slightest dip now will send BTC tumbling

How ugly you people are to say "no free coins". You don't want something better for Bitcoins?
S2X called off as they were unable to gain trust, do you believe those coins would have been worth anything more than dust?
The consensus remained under 30% which shows that nobody was interested in these "free coins" whatsoever. S2X was just going to ruin everything by trying to move the markets as well as technology where they wanted to.

snip -

I do believe they will come back someday. I expected the price will move down because of this news. Therefore I can start buying some, hold it and waiting for the next fork.

Surely, they will as a dog's tail is crooked forever. Price will come down but not the way everybody thinks, it won't tank all of a sudden but slowly settle down a bit after taking a shift back towards breaking ATH and going above 10k. Again, a fork? No need for it, I know its inevitability won't fade but let's not talk about such things anymore.

[coiner495]

i keep reading crap like this but no one has proof

This is not crap, read the actual newsletter:
https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html

As fees rise on the blockchain, we believe it will eventually become
obvious that on-chain capacity increases are necessary. When that happens,
we hope the community will come together and find a solution, possibly with
a blocksize increase. Until then, we are suspending our plans for the
upcoming 2MB upgrade.

[mashort]

looks like alts are back on the menu boys

[MIV.matteo]

If I can share my opinion I'm so confused right now. One month of pure hype for this fork, people have started trading it on exchanger and now they cancel it seven days before it. I can't believe this. Anyway, against every expectation BTC price is now stable and it's apparently rising again. Better to save my funds on USDT and wait few days

The fact that six people could "cancel" the fork tells you something. If six people decide whether Bitcoin forks or not, is the resulting coin really "decentralized?" It really makes you think, doesn't it?

Anyway, I'd be careful holding that USDT. The mid-term BTC chart still looks healthy to me for now. When I expect a drop in price, I prefer to find altcoin hedges when possible. USDT exposes you to big third party risk (Bitfinex + whatever exchange you are holding USDT on).

It's exactly what I think, I can't believe that a few person can manipulate so much and I hate that Bitcoin is not really "decentralized". Anyway I've never understood why USDT expose people to risk but many told me to be careful and in fact I act accordingly

[shamzblueworld]

Any speculations on the price? Price was climbing towards $7500 and suddenly dropped to $7000. So is it going to drop more or gonna increase to 8000k?

Well the price has certainly dipped, now at $7164. I think it may keep going down for a bit, but it won't go too down. Maybe to $6500.

[bribed]

WOW, as I read about the cancellation of the fork yesterday, I could not believe my eyes at first. Then I started laughing. This could be one of the hugest price manipulations of all time. But this is how it goes in the wildwildwest of Bitcoin huh. Lets be assumptive: who got rich by this? the people behind segwit2x? After all the accusation of manipulation can only be true, if they knew that they could get the fork to be cancelled. But could they? How was this decided? Because of the lack of consensus?

[bryant.coleman]

Any speculations on the price? Price was climbing towards $7500 and suddenly dropped to $7000. So is it going to drop more or gonna increase to 8000k?

Well the price has certainly dipped, now at $7164. I think it may keep going down for a bit, but it won't go too down. Maybe to $6500.

It's just a temporary dip. Many of the ETH and XRP holders had converted their holdings to BTC earlier, in order to participate in the B2X airdrop. Now the airdrop is cancelled and the money is flowing back to the altcoins. But it is just temporary. The alts (perhaps with the exception of LTC and BCH) don't have any future. They will resume their decline after a few days.

[altcoinrich]

This is magnificent thing that segwit2x cancelled because B2X is designed for both large block and scalability, we can use large block for BCH, and segwit for BTC, why we need B2X?

[DoublerHunter]

The segwit2x is cancelled but the price of bitcoin is still on the top and i think that the effect of cancellation is good for bitcoin and i think that the rally for the price of bitcoin is ready for another bull run and this time we need to be ready for the price to reach from 8,000 - 9,000 USD before this year ends because that is a very easy goal to reach if we will base it on the happenings right now.

[La Vega]

it is strange that now when Segwit2x is cancelled price of bitcoin is still holding on, or it is just matter of time when it will sink back at 6000 or so?
something strange any suggestions

[bribed]

it is strange that now when Segwit2x is cancelled price of bitcoin is still holding on, or it is just matter of time when it will sink back at 6000 or so?
something strange any suggestions

I think nobody can predict this for sure. Some people might think that the price will dip back now, or after the fork (if it happened as should) but the market often teaches you the direct opposit of what you were thinking. Some people also may think that the price will surge further. Nobody knows. I go by: the market is completely unpredictable (even more in crypto).

[nexus2k14]

it is strange that now when Segwit2x is cancelled price of bitcoin is still holding on, or it is just matter of time when it will sink back at 6000 or so?
something strange any suggestions

Bitcoin price may not drop immediately, remember China bad news? It took some time before the drop down, in this situation is up to the majority of investors what they decide, if the sell BTC and start buying alt coins/tokens - other crypto value will increase and thats what it looks like, my portofilio value rose 24.5% in  24h (alts) time will tell, no one can predict but it looks like Bitcoin value will drop to 6800 more likely.

[Bestcoin-fan]

This is the sexiest news I/we had all been waiting for since the drama emerged for 2x. I believe they won't stop here and will come back in the future and you may call it "postponed" instead of "canceled", but this shows that Bitcoin wins the miners' hearts as well as investors' confidence and the index levels are enough to prove that. RIP S2X, let us begin our journey to 10k (but after a possible correction of 500 - 1500 USD down).

Continued price increase means lots of people still haven't gotten this news. WTH ... no free coins, oh damn what to do, should i stay or go .... the slightest dip now will send BTC tumbling

How ugly you people are to say "no free coins". You don't want something better for Bitcoins?
S2X called off as they were unable to gain trust, do you believe those coins would have been worth anything more than dust?
The consensus remained under 30% which shows that nobody was interested in these "free coins" whatsoever. S2X was just going to ruin everything by trying to move the markets as well as technology where they wanted to.

Segwit2X has been cancelled.
https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html

This is the best news of the month. I've heard rumors here and there and I didn't believe them since the pools still signal NYA.
I really hope this is for real and for good. I was so scared the miners will do something this stupid now (when Wall Street drags Bitcoin upwards in an accelerated manner) and we'll lose some more years to recover.

Well said.

Crazy 2xers tried to forcibly seize the Bitcoin actually, and they could have just destroyed it finally, turning it into the same centralized, unsteady, unstable, amorphous nonsense like the Vitalik's ethereum.

[gee777]

wow..thats bad, very bad this only means pump in altcoins

[Harlot]

Any speculations on the price? Price was climbing towards $7500 and suddenly dropped to $7000. So is it going to drop more or gonna increase to 8000k?

Well the price has certainly dipped, now at $7164. I think it may keep going down for a bit, but it won't go too down. Maybe to $6500.

Even though the opinion of many people here are split about the cancellation of Segwit2x I think the price speaks for itself as it is now 7167$, I think that the latest price surge was in participation of the suppose to be upcoming fork but looking at it in the long run it is better to be in doubt now as their are many uncertainties if Segwit2X ever pushed through. I just hope that the prices will recover soon.

[BrewMaster]

wow..thats bad, very bad this only means pump in altcoins

nothing about this is bad and it definitely doesn't mean pump in altcoins. i am sorry if you invested in some altcoin and want to to pump now, but there is a better chance of altcoins getting dumped now that bitcoin does not have the risk of being split because of Segwit2x!

and it was a mature move in my opinion. although there is some speculation that this was the plan all along but if we assume that is wrong, then it was a mature move to postpone the hard fork until it gets a high support and has no risk of dividing anything.

[Domenc]

This news quite made my day . I was earlier a bit frightened from  upcoming Segwit2x  . As it was speculated to highly shake and dip the bitcoin market .
Since this news broke the price of bitcoin is highly fluctuating and there is still no idea where it is going to settle .
This might turn out to b a turning point for bitcoin where it may really touch the $10k mark .   The issue to worry about here is that due to this the stability of bitcoin will not be achieved which is the need of the hour.

[Caesar-Giulius]

After 6 months of drama and 2x is called off just few days before the fork? I do hope BTC price will recover and stable soon.

[bunglor]

I also do so, but hopefully this all has a good impact on bitcoin prices, I have not understood how far and how the impact of segwit2x, but my belief that this will be fruitful and will not disappoint. struggling together to achieve the solution for bitcoin.

[thirdprize]

Thats not a good thing, thats really terrible for people who purchased bitcoin at high price, I am sure in few hours bitcoin will be dumped and alts will rise. I am not aganist alt rising price but seriously why they cancelled the segwit2x just before a week?

And the alts are indeed rising!!!!

[cryptoroom]

I think this is great news! Bitcoin does not fall and altcoins grow!

[ThriveLabs]

Bitcoin retrace? it is time to go long or to go out?

[XbladeX]

Is this for real? After all this drama they pulled out with just over a week to go?

I wonder what made them change their minds, and I wonder what the implications are

I am also interested in finding out what caused this decision.

*

IMO they just got ball big in BCH and they were bying it cheap to crete drama 2x. they want caital flow into BCH but looks like people are pumping more BTC than BCH and they gave up.
I am disaponted becouse they created such drama such shitshow and now they give up.

[Bestcoin-fan]

Bitcoin retrace? it is time to go long or to go out?

I'd suggest long, but it's up to you of course

[2double0]

Bitcoin retrace? it is time to go long or to go out?

It's time for a small correction, so wait and see the rebound and get in once it stops somewhere near 6500 (that's what I am seeing on the charts in the next 3-5 days) after which it will skyrocket and consolidate towards a new ATH which will be possibly near 10k. I believe we are in the middle of a big historic decision yet as S2X was just a fake part, but the real one will make it hit to our expected levels.

[La Vega]

Hi people! do we know now when the delayed fork will take place, on which block, or around what date?!
Tnx!

[niceacrobtc]

Hi people! do we know now when the delayed fork will take place, on which block, or around what date?!
Tnx!

Hi buddy,
It has been cancelled..

[cropcream]

Hi people! do we know now when the delayed fork will take place, on which block, or around what date?!
Tnx!

Hi buddy,
It has been cancelled..

not according to this thread here https://bitcointalk.org/index.php?topic=2382274.0

[mr_enoc]

Thats not a good thing, thats really terrible for people who purchased bitcoin at high price, I am sure in few hours bitcoin will be dumped and alts will rise. I am not aganist alt rising price but seriously why they cancelled the segwit2x just before a week?

A lot of people are expecting the segwit2x but eventually it has been cancelled. Let us all wait for the upcoming event. I hope this will never happen again.

[Jonashe]

Thats not a good thing, thats really terrible for people who purchased bitcoin at high price, I am sure in few hours bitcoin will be dumped and alts will rise. I am not aganist alt rising price but seriously why they cancelled the segwit2x just before a week?

A lot of people are expecting the segwit2x but eventually it has been cancelled. Let us all wait for the upcoming event. I hope this will never happen again.

yes, a lot of fund are moving to Bitcoin Cash. I hope lightning network will be deliver soon but not date ATM :/

[jamesbo]

Hi people! do we know now when the delayed fork will take place, on which block, or around what date?!
Tnx!

Hi buddy,
It has been cancelled..

not according to this thread here https://bitcointalk.org/index.php?topic=2382274.0

for real

[anhhung409]

Yep, just saw this after checking the price, it was $7700 at the moment i saw the article, and as I type this, its $7877. I'm not sure what's happening but i'm gonna wait a few more hours after the dust settles. I have SO many questions in my mind right now that i don't know where to start. All I can say is: this is going to be fun.

It seems that stopping Segwit2x caused Bitcoin to increase again because some people did not agree to go back to Bitcoin. Many people do not agree with it because the development may increase fees even though the transaction time may be down. But raising fees is unacceptable

[AlexandrInt]

Yep, just saw this after checking the price, it was $7700 at the moment i saw the article, and as I type this, its $7877. I'm not sure what's happening but i'm gonna wait a few more hours after the dust settles. I have SO many questions in my mind right now that i don't know where to start. All I can say is: this is going to be fun.

It seems that stopping Segwit2x caused Bitcoin to increase again because some people did not agree to go back to Bitcoin. Many people do not agree with it because the development may increase fees even though the transaction time may be down. But raising fees is unacceptable

I am very glad that the price of bitcoin has been stable. When she went sharply down, I thought that there would be a very strong fall. But bitcoin stood this test

[jamesbo]

has anyone here seen that it not cancelled or are you all just posting to post

[rockyboy]

Segwit2X has been cancelled.

https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html

The Segwit2x effort began in May with a simple purpose:  to increase the
blocksize and improve Bitcoin scalability. At the time, the Bitcoin
community was in crisis after nearly 3 years of heavy debate, and consensus
for Segwit seemed like a distant mirage with only 30% support among miners.
Segwit2x found its first success in August, as it broke the deadlock and
quickly led to Segwit’s successful activation. Since that time, the team
shifted its efforts to phase two of the project - a 2MB blocksize increase.

Our goal has always been a smooth upgrade for Bitcoin.  Although we
strongly believe in the need for a larger blocksize, 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.

As fees rise on the blockchain, we believe it will eventually become
obvious that on-chain capacity increases are necessary. When that happens,
we hope the community will come together and find a solution, possibly with
a blocksize increase. Until then, we are suspending our plans for the
upcoming 2MB upgrade.

We want to thank everyone that contributed constructively to Segwit2x,
whether you were in favor or against. Your efforts are what makes Bitcoin
great. Bitcoin remains the greatest form of money mankind has ever seen,
and we remain dedicated to protecting and fostering its growth worldwide.


Mike Belshe, Wences Casares, Jihan Wu, Jeff Garzik, Peter Smith and Erik
Voorhees

--


*Mike Belshe*
*CEO, BitGo, Inc*

For all the investor that already invest with bitcoin for they are expecting the segwit2x definitely this is not a good news. But probably bitcoin will surely rise whatever happen.

[niceacrobtc]

For all the investor that already invest with bitcoin for they are expecting the segwit2x definitely this is not a good news. But probably bitcoin will surely rise whatever happen.

Presently it's goin' down

[Chinsmokers]

For all the investor that already invest with bitcoin for they are expecting the segwit2x definitely this is not a good news. But probably bitcoin will surely rise whatever happen.

Presently it's goin' down

It is really going down fast. LMAO. The markets is going crazy a lot of pulling is going on. Hoping for the market to be stable right now.

[l8orre]

what is this nonsense about then?

https://bitcoin2x.org/en/

is this a total hoax, or are these people simply terminally hysterical?

[cryptoivan85]

Well, this sucks
I stopped trading one week ago waiting for this fork to happen and I missed a lot of good opportunities
I wasn't even online these last few days because I didn't want to be tempted to spend or trade
This sucks big time 

[berluscoin]

I think it is better like this.
That gives more chances to buy bitcoins at a lower price

[CryptosapienZA]

what is this nonsense about then?

https://bitcoin2x.org/en/

is this a total hoax, or are these people simply terminally hysterical?

I wish it was a hoax but that small group seems adamant in continuing with 2X. As much as I was disappointed at not getting free coins, I think this is the best thing. We have had way too much arguing and no real work being done. Now its time for all 2x supporters to accept defeat and move on. I am really hoping those few miners don't continue with the fork.

[ethereumhunter]

if the segwit2x is cancelled and if the price is down like now then i think this is the correction price moment and i am sure that many people will buy bitcoin at lower price before its increase back. if we see in the market, the price is going to down and even right now is reach $66xx and i hope that the price is not reach $5xxx because this can makes people become panic. if market is panic then the price will be fallen too far and its difficult to increase again and needs more time to go up.

[Coollikethat]

short bitcoin. end of story.

[juan_lopez_50]

What can we expect from this backlash in the bitcoin network?

[farwellbit]

The segwit2x is cancelled but the price of bitcoin is still on the top and i think that the effect of cancellation is good for bitcoin and i think that the rally for the price of bitcoin is ready for another bull run and this time we need to be ready for the price to reach from 8,000 - 9,000 USD before this year ends because that is a very easy goal to reach if we will base it on the happenings right now.

Not only this my mate but a lot of the different things are happening in the bitcoin because the bitcoin is now cancelling a lot of the things like we have never heard before in hope the bitcoin will give you the reason to save your price and the worth of the money and you will get the better future. I know how fast the bitcoin is now increasing and how much you have won the bitcoin price and the value.

[BlueStackz]

Well, this sucks
I stopped trading one week ago waiting for this fork to happen and I missed a lot of good opportunities
I wasn't even online these last few days because I didn't want to be tempted to spend or trade
This sucks big time 

You don’t have to worry about  it dude bitcoin will soon click back and this downfall will attract more people toward btc and surely price will go up next morning so don’t get panicked and hold your coins this is just for the sake of new users to invest in and give more pump to the price.

This time will be over soon as prices comes up from the 2500$ to 7.6k and this thing may will take prices to the 10k margin so wait.

[dreamhouse]

the scalability issue still not resolved. what they will do? it is always a problem that they will need to address.