Segwit2x returning as per coinbase email

[Saimabutterfly]

I just got an email from coinbase saying segwit2x is returning due to  small number of miners may attempt to go forward with a fork. What up guyz? Bitcoin is jumping like crazy due to this.

[smithw]

Yeh I got this also!

Dear Coinbase customer,
There have been a number of developments with Bitcoin Segwit2x since our last update. No action is required and all funds stored on Coinbase remain safe.
Last week, the Segwit2x development team announced they would no longer continue with the project. In addition, a significant portion of miners and other community leaders withdrew their support for the fork. However, despite these developments, a small number of miners may attempt to go forward with a fork.
We wanted to provide clarity about the potential outcomes of the fork and what Coinbase will do in each scenario.
To protect customer funds, Coinbase will disable Bitcoin sends and receives at 2 am Pacific Time on November 17th, and disable buys and sells an hour before the fork, which is currently predicted to occur between 6am to 8am Pacific Time on November 17th. All functionality will be re-enabled shortly afterwards.
Scenario 1: Network is unusable
If support for the fork remains at current levels or decreases, the Bitcoin2x network will be unusable. Coinbase will not support withdrawals or trading as it will not be possible to move these assets. Currently we believe this is the most likely scenario.
If the network gains support at a later date, we will enable Bitcoin2x withdrawals from the platform.
Scenario 2: Network is usable
If transactions are being confirmed at a reasonable speed and miner support is strong, we will allow Coinbase customers to withdraw Bitcoin2x. We will not immediately enable buys and sells as previously stated, but we may enable them at a later date.
We will keep customers updated through our blog.
Thank you,
Coinbase Team

[ZainSpider]

same thing I received too. What is going to happening?

[johnson4218]

so funny. apparently sewgit2x has failed but i have not received mail from coinbase. hard to understand. Could be the whale trap. This event is repeated. I'm not surprised

[pooya87]

I just got an email from coinbase saying segwit2x is returning due to  small number of miners may attempt to go forward with a fork. What up guyz? Bitcoin is jumping like crazy due to this.

if they try to fork bitcoin now with
- no replay protection and
- no miner support and (it currently has 5.6% hashrate signalling which is the leftover who has not yet upgraded their servers it has nothing to do with support)
- not community support and
- no businesses support

they will be embracing themselves. who is the hashrate anyways? checking the stats, there are no miners left who are signalling for SegWit2x anymore!

[EcoChavCrypto]

Dont put your funds in coinbase guys, you are not going to receive those free coins, and if you receive them, there is not going to be replay action which means that you are not going to be able to spend those coins without spending your bitcoins first.
It is a risky desicion, i received that email too and i doubted to put all my funds in there to receive those coins too, but i know that all that process is useless, and coinbase is a shitty wallet, it is not worth your time and your funds of course, because it can be shut down at any moment too.

[dead_m92]

It is not possible guys, they have cancelled, there is no way to return back to the past because the fork is not going to happen, it got cancelled because the miners have decided not to do it, is it a joke? they can not just change their opinion in a few days, it is like a game.
It is not possible, i dont think that they are going to release and give those tokens to us, maybe it is a massive pishing email that we all received, or fake news, who knows. i dont think that it is going to be done, at least not for now, because it got cancelled five days ago.

[slavosme]

I have 2 question.
What time is supposed the fork? At 2 pacific time, or in 6 hrs later at 8?

Scenario 1: network is unusable - which network Segwit2x or current- means that I will not able to handle BTC or new coin?? Or withdraewal money too?

[jseverson]

What the hell is this? What do they think they can achieve with this? Bitcoin has been incredibly bullish, could it have something to do with this? This is getting ridiculous. First, BCH got pumped and dumped, leading to lots of people losing money, and they might do the same with Segwit2x. This is just plain toxic. I guess it's true that where there's money, there is greed.

[Stunna]

I just got an email from coinbase saying segwit2x is returning due to  small number of miners may attempt to go forward with a fork. What up guyz? Bitcoin is jumping like crazy due to this.

if they try to fork bitcoin now with
- no replay protection and
- no miner support and (it currently has 5.6% hashrate signalling which is the leftover who has not yet upgraded their servers it has nothing to do with support)
- not community support and
- no businesses support

they will be embracing themselves. who is the hashrate anyways? checking the stats, there are no miners left who are signalling for SegWit2x anymore!

If they went forward with it right away I think it would have had a shot to be successful but confidence is broken at this point. If the fork happens I'll be converting my segwit2x coins to BTC.

[cagdask]

Dont put your funds in coinbase guys, you are not going to receive those free coins, and if you receive them, there is not going to be replay action which means that you are not going to be able to spend those coins without spending your bitcoins first.
It is a risky desicion, i received that email too and i doubted to put all my funds in there to receive those coins too, but i know that all that process is useless, and coinbase is a shitty wallet, it is not worth your time and your funds of course, because it can be shut down at any moment too.

What wallet should we put them? I don't know which wallets are supporting segwit2x coins after the resurrection.

[minersday]

What the fuck, i was not expecting this to happen again, but why they have decided to do it now? far as i know you are only going to receive them on your CoinBase wallet, that is the only way to claim them because i have not received anyother email from another wallet like xapo, blockchain.info, etc, i have nothing in my email.
But this is weird, they just told us everything a few hours before it is going to get done, i dont know if it is going to be a safe process because they are going to disable withdrawals for more than 12 hours, which is a very weird situation at all.

[slavosme]

New email come.

Dear Coinbase customer,

There have been a number of developments with Bitcoin Segwit2x since our last update. No action is required and all funds stored on Coinbase remain safe. 

Last week, the Segwit2x development team announced they would no longer continue with the project. In addition, a significant portion of miners and other community leaders withdrew their support for the fork. However, despite these developments, a small number of miners may attempt to go forward with a fork.

We wanted to provide clarity about the potential outcomes of the fork and what Coinbase will do in each scenario.

To protect customer funds, Coinbase will disable Bitcoin sends and receives at 2 am Pacific Time on November 17th, and disable buys and sells an hour before the fork, which is currently predicted to occur between 6am to 8am Pacific Time on November 17th. All functionality will be re-enabled shortly afterwards.

Scenario 1: Network is unusable
If support for the fork remains at current levels or decreases, the Bitcoin2x network will be unusable. Coinbase will not support withdrawals or trading as it will not be possible to move these assets. Currently we believe this is the most likely scenario.

If the network gains support at a later date, we will enable Bitcoin2x withdrawals from the platform. 

Scenario 2: Network is usable
If transactions are being confirmed at a reasonable speed and miner support is strong, we will allow Coinbase customers to withdraw Bitcoin2x. We will not immediately enable buys and sells as previously stated, but we may enable them at a later date.

We will keep customers updated through our blog.

Thank you,

Coinbase Team

[ImHash]

Don't be so dramatic over a hard fork planned by a small group of exchanging scammers, Yobit couldn't wait any longer, They now have their own fork of bitcoin, Coinbase has the same ambition, Do you remember last year we used to talk about different ways of destroying bitcoin or make people to lose their trust in it? One of the options was rogue exchanges trying to take over bitcoin with chain split. None of the chain split coins are legit. Buy some gold and take it to the gold smith and ask him to give you double the amount of gold after a few days, Just make sure to wear an iron pants with armor before doing this He might assault you sexually

[cammie16]

Yeah, I also received that email. Im not interested to read it so i didnt open it. Wht's the use? I dont have any bitcoin now. I withdew all my btc aftet the announcement of cancellation of segwit2x. Anyway good luck to all who will support it.

[bitqistchris]

I wonder whether Bittrex is also still 'supporting' the fork. On 7 november they said they would (https://support.bittrex.com/hc/en-us/articles/115002603211-Statement-on-Bitcoin-Segwit2x-hard-fork) and there hasn't been any statement after where they said they no longer will.

[bug.lady]

or maybe it is just a scam not worth your time to investigate

[piloder]

Segwit2x has already failed don't know why coinbase is still sending such email to users, may be they just want to play with that shit for few days. There is no any dev, community, miner support for segwit2x and without that it will be just like another bitcoin clone just introduced in the market by few people.

Nothing more than another shitcoin even if coinbase will credit b2x tokens right now..

[Thasins61]

it will be so risky to put your money in 2x Because till now it is few developer support it with out any real trusted system with plan ,

what make price crazy is many markets plan to accept bitcoin

[scottykarate]

There was a group that said they'd continue the fork...I can't remember what it is called, but they claimed to have 1/3 of the hashing power or something. I believe it was proven that they would have less than 5% or somewhere in there.