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Author Topic: Segwit2X Cancelled  (Read 3770 times)
CryptosapienZA
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November 08, 2017, 05:28:28 PM
 #1

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
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November 08, 2017, 05:32:41 PM
 #2

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.

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alyssa85
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November 08, 2017, 05:37:16 PM
 #3

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
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November 08, 2017, 05:44:24 PM
 #4

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

A newbie among the newbies
CryptosapienZA
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November 08, 2017, 06:05:19 PM
 #5

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
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November 08, 2017, 06:18:09 PM
 #6

Maybe it's the main reason why Bitcoin price is increasing very quickly at the moment Smiley). 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 Smiley). 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 Cheesy

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2double0
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November 08, 2017, 06:22:18 PM
 #7

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

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rohqit
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November 08, 2017, 06:26:36 PM
 #8

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


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
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November 08, 2017, 06:27:34 PM
 #9

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

teilwalL05
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November 08, 2017, 06:36:42 PM
 #10

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?



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....ANGEL TOKEN....


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November 08, 2017, 06:40:26 PM
 #11

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?

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November 08, 2017, 06:41:55 PM
 #12

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 ?

A newbie among the newbies
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November 08, 2017, 06:42:32 PM
 #13

Yes! Finally we can move on. I'm so excited I'm shaking right now. Best news ever!
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November 08, 2017, 06:43:19 PM
 #14

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
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November 08, 2017, 06:43:53 PM
 #15

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

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November 08, 2017, 06:46:13 PM
 #16

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.
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November 08, 2017, 06:47:50 PM
 #17

Recently I heard about the cancellation, from the violas went up.This is good, how long have they been stuck in one place.
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November 08, 2017, 06:48:39 PM
 #18

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.
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November 08, 2017, 06:50:03 PM
 #19

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.

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November 08, 2017, 06:50:31 PM
 #20

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?

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