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Author Topic: Segwit2X Cancelled  (Read 4030 times)
CryptosapienZA
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November 08, 2017, 07:50:06 PM
 #41

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?
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November 08, 2017, 07:52:09 PM
 #42

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.

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November 08, 2017, 07:56:22 PM
 #43

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.
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November 08, 2017, 07:58:10 PM
 #44


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

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.



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November 08, 2017, 08:02:44 PM
 #45

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

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November 08, 2017, 08:04:09 PM
 #46

Is there a plan to proceed with the hard fork some other time?
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November 08, 2017, 08:06:39 PM
 #47

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.


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November 08, 2017, 08:08:52 PM
 #48

This is good news. I think the price of bitcoin will go up, so i expect a 11k...is just a matter of time


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November 08, 2017, 08:08:58 PM
 #49

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.

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November 08, 2017, 08:16:38 PM
 #50

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.

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November 08, 2017, 08:17:02 PM
 #51

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.
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November 08, 2017, 08:18:43 PM
 #52

I registered just to post this. This is very good news. What a freaking day to be alive! =)
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November 08, 2017, 08:25:02 PM
 #53

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.


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bitcoin31
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November 08, 2017, 08:26:21 PM
 #54

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). Wink
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.

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November 08, 2017, 08:28:32 PM
 #55

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.

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HomoHenning
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November 08, 2017, 08:30:05 PM
 #56

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.
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November 08, 2017, 08:32:31 PM
 #57

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
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November 08, 2017, 08:34:06 PM
 #58

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
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November 08, 2017, 08:36:48 PM
 #59

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.



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HomoHenning
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November 08, 2017, 08:39:18 PM
 #60

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
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