Bitcoin SegWit2x Fork [B2X] Got Cancelled

[eXpl0sive]

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

[tk808]

Bitcoin will come out stronger than ever out of this recent news. I already see the markets into a new bull-rush. But, despite the Bull-rush, the sell-off is going to be huge for Bitcoin, as now the bubble is over inflating behind the value for no apparent reason, other than for the big whales to dump all their BTC onto the market.

News like this gives hope for BTC, but gives it less power on the markets due to this recent rush only pertaining to the recent BTCgold fork, and no longer segwit

https://coinmarketcap.com/currencies/segwit2x/

A lot of people lost a lot of money trading this unreleased forked coin.

[AgatioX]

Such a relief
I was really worried about all that stuff that was going on around Bitcoin and future possible Hard Fork
and possible issues and even possible death of bitcoin itself.

Thx God they changed their mind.

[kingsters]

Pumping ALT coins ?

[tk808]

Such a relief
I was really worried about all that stuff that was going on around Bitcoin and future possible Hard Fork
and possible issues and even possible death of bitcoin itself.

Thx God they changed their mind.

No, Bitcoin will never die. But i can almost guarantee you that segwit won't be the last attempt at a new Bitcoin fork. This is the new "ICO' but for bitcoin miners/pools and big whales to play with. Forking BTC is free profit along with the major hype of buying into the markets.

Everyone should be in awe that the vote, voted in favor of no fork, which means there is a much bigger story going on behind the scenes than what we know of currently.

[imtav]

"No change" is suddenly good enough news to create a new all-time high.  Wow.  Does anyone realize how massive this BTC bubble really is right now?

[iram1011]

Pumping ALT coins ?

Altcoins dropped hugely past one month and are largely undervalued. This news might bring a minor correction in bitcoin price before $8k+ run. Money will flow to altcoins as well.

This news isn't only good for Bitcoin but for whole crypto market. When the market experiences uncertainty, money flows to the most trusted asset which in altcoin market is Bitcoin dumping all the altcoins. Now the money should get back to altcoins according to my estimate and we should see a bullish run in altcoin market.

[HashFace]

Almost everything is GREEN on coinmarketcap!  People saying dump alts, but BTC, were wrong.  What a nice day.   

[Makkara]

Ok so now we just need to wait a correction for bitcoin because this is just getting out of control

[jk_14]

Bitcoin will come out stronger than ever out of this recent news. I already see the markets into a new bull-rush. But, despite the Bull-rush, the sell-off is going to be huge for Bitcoin, as now the bubble is over inflating behind the value for no apparent reason, other than for the big whales to dump all their BTC onto the market.

News like this gives hope for BTC, but gives it less power on the markets due to this recent rush only pertaining to the recent BTCgold fork, and no longer segwit

https://coinmarketcap.com/currencies/segwit2x/

A lot of people lost a lot of money trading this unreleased forked coin.

I always found the futures trading to be very sketchy. It's pretty much aching to Russian Roulette.

Either way, I'm glad that the fork got called off in an attempt to further solidify the Bitcoin community. Hopefully the actual upgrade will be even better than what was planned as a result!

[Klausi]

Such a relief
I was really worried about all that stuff that was going on around Bitcoin and future possible Hard Fork
and possible issues and even possible death of bitcoin itself.

Thx God they changed their mind.

The problem is we need to continue to face the long lead time of every transaction in the blockchain resulting to increase of service fees by the trading sites and exchanges especially now that more and more transactions will be requested soon because lot of people are coming to join the bitcoin investments.This is why i support segwit2x in order to facilitate these increasing transactions and make the long lead time to be reduced as this will result to a cheaper service fees in the future.

[bathrobehero]

This is unexpected. To me, this is great news and I honestly respect the decision.

[Silenox]

Alts will appreciate it, but Bitcoin is stronger than ever.

[alishawaiz]

I was badly stuck in alts. I think alts are now to the moon. segwit2x cancellation an unexpected news.

[aeternus]

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

Yes, this is great news and the same is being reported on coindesk so this is the end of the segwit2x hard fork, I’m glad that the miners decided to call this off it was obvious the community was not going to follow them and they would have lost a lot of money as a result, so even if this decision came from self interest I think this is the best outcome for bitcoin.

[subG]

This is positive news for altcoins and the price is starting to reflect the Segwit2x fork cancellation.  It is too risky to hold onto bitcoins because the correction could be brutal.  Pick up some cheap altcoins while you can.  Waves tokens is looking hot and the next generation release could happen very soon.  

[BTCGOLD]

Finally good information for me, i am very happy hear it. All altcoins growing and now i will not must wait for profit.

[yinyangwinwang]

Finally good information for me, i am very happy hear it. All altcoins growing and now i will not must wait for profit.

I am happy too and now alts can start getting up again which is good news. However look at bitcoin still up a lot today, might have to wait a little while longer for the alt party to begin I suppose.

[Onika84]

I was badly stuck in alts. I think alts are now to the moon. segwit2x cancellation an unexpected news.

I am not sure altcoins will recover as soon as possible. But, about segwitx2 cancellation bring new hope to see a new life. As we can see, this month really bad situation for altcoins and some ICO. And yes, we can sit down and watching the green show.

[feelideb]

Wow! This news is like a chilled drink you take when you are out of the scorching sun. The bitcoin price is my major concern
 Which way will it go? Are we going to see some correction or outright dump!