Many of the major supporters of SegWit2x including ShapeShift CEO Erik Voorhees, Bitmain founder Jihan Wu, Xapo CEO Wences Casares, Blockchain CEO Peter Smith, and SegWit2x lead developer Jeff Garzik signed the official announcement of Belshe, officially announcing their withdrawal of support from the SegWit2x hard fork.
The announcement read:
“Although we strongly believe in the need for a larger block size, 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.”
How it will influence Bitcoins price? what do you think?
Well, the Segwit2x plan for the coming 2MB was not really cancel because it was just suspended due the crisis in bitcoiners.
However, if the block is upgrade it will influence the price of bitcoin by bullish it just like what we experienced in Aug and it will also create low transaction fee. In addition, this will spicy up common man who are scared of the hike in transaction and unconfirm transaction.