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Author Topic: Segwit2X Cancelled  (Read 3769 times)
CryptosapienZA
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November 08, 2017, 08:40:46 PM
 #61

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.

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November 08, 2017, 08:45:21 PM
 #62

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.

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November 08, 2017, 08:48:26 PM
 #63

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 .

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November 08, 2017, 08:54:42 PM
 #64

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.

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November 08, 2017, 08:55:19 PM
 #65

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


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November 08, 2017, 08:58:02 PM
 #66

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.

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November 08, 2017, 08:59:19 PM
 #67

Fortunately, the SegWit2x hardfork has been cancelled. I was kinda surprised when I hear about it. I was expecting some kind of war between people who support SegWit1x and those who support SegWit2x. What will happen to the SegWit2x supporters? The best choice for them, in my opinion, would be to try using Bitcoin Cash. I'm content with how things turned out.

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November 08, 2017, 09:00:08 PM
 #68

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

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November 08, 2017, 09:00:36 PM
 #69

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.

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November 08, 2017, 09:05:38 PM
 #70

man that is some shady stuff

makes you wonder
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November 08, 2017, 09:11:12 PM
 #71

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
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November 08, 2017, 09:43:39 PM
 #72

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.
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November 08, 2017, 09:58:01 PM
 #73

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.

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November 08, 2017, 10:06:25 PM
 #74

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?

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November 08, 2017, 10:12:51 PM
 #75

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.

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November 08, 2017, 10:25:58 PM
 #76

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.

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November 08, 2017, 10:35:17 PM
 #77

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.
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November 08, 2017, 10:35:32 PM
 #78

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

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November 08, 2017, 10:43:31 PM
 #79

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.
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November 08, 2017, 10:47:36 PM
 #80

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.

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