Segwit2x returning as per coinbase email

[jjacob]

I think that the problem is that any user can trigger a fork. The people behind Segwit2x might have backed out, but there may be rogue elements who still want to go ahead. I think such forks will die a quick death and will remain a footnote in Bitcoin's history.

[soham]

I think that the problem is that any user can trigger a fork. The people behind Segwit2x might have backed out, but there may be rogue elements who still want to go ahead. I think such forks will die a quick death and will remain a footnote in Bitcoin's history.

Exactly that is what the email from coinbase stated. Even though the community leaders withdrew their plans to go ahead with the fork, there may be a small number of miners who may try to go ahead with the fork. That is the reason why coinbase will disable buying/selling and any kind of transactions on November 17th for few hours to protect customer's funds. However, i feel there is no reason to worry because if the fork is not supported by a majority of the miners, it will die a super quick death.

[stunvn]

What a joke.

I think coinbase behind this.

[puremage111]

I am sorry? I am so confused right now.

It stated: Segwit2X team has stop the development, but there are groups of small miners are still mining it?

1) So what does this means? As long as theres still 1 miner mining until block 494784, The HardFork will happen? Is this how it works?

2) Therefore, if that happens, meaning the new HF coins will never get updates anymore LOL? since the team already stopped the development i suppose?

3) If the Signalling on the HF is not 90%, how can the HF happen with small miners?

[Juggy777]

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.

This is a disaster I would say, considering today is 17th and an unplanned fork would make the network unstable, I am 100% sure this is not the real segwit2x and a mischief to bring instability to the network, though I know we all would get free coins, but I am telling you'll, this is not good for the network, I hope this flops or the major miners of segwit2x come out and openly declare their stand.

[penig]

What a joke.

I think coinbase behind this.

How does Coinbase benefit from this?  They announce they'll suspend Bitcoin trading for a period, so lose commissions/traffic there.  They also state they expect the fork to be unusable.  I dont see what they gain through this action.

[Passive Coin]

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

I agree with the above and like this post very much.
I am really tired of all this forks and all this mess around Bitcoin. I could understand that gov or banksters can hate Bitcoin, but cannot understand why crypto-enthusiasts could do "a lot" to destroy the value of our grandpha BTC.
Seems greed is much more valued nowadays than common sense.
Amen. 

[solarion]

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.

Have you read that email completely bro. It states that all the miners and developers are going to stop the project dude.
Most possible very few amount people only involved in this fork and that is expecting to happen in pacific time 6:00 pm i think but not sure.
They will lock the transaction for some hours until that happens. If you need to make any transaction please do as soon as possible for today.

[ictin]

That is fake. I did not hear any thing about Segwit2x start again. they just wanna pump Bitcoin price

[Vegan97]

I think there will be madness again this weekend, like last week with BCH, this time with b2x. BTW, on HitBTC too pumping the price of b2x.

[JTPhotography]

Will I get free b2x?

[thecodebear]

yeah when i got this email yesterday all i could do was laugh. Some very small group of miners is still going forward with the fork. Not sure why Coinbase is even bothering with this, it's a dead fork.

[ImHash]

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.

New horizon of scam LTD for noobs? You should all leave Coinbase and other exchanges alike before something like bitrex happens and regret it for the rest of your lives, Many noob investors have lost millions of dollars to bitrex scammers, Suddenly if Coinbase blocks all accounts till further notice because SEC told them so, No more bitcoins for you. If you lose your precious BTC it'll be your own doing, Don't be greedy. In regards of hashing power, Again don't be a noob, Even with a broken laptop mining on BTC only 2 weeks we would suffer, After difficulty readjusting everything shall go back to the way they were, Only with a much cheaper bitcoins

Will I get free b2x?

Right after losing your bitcoins Also tiger in mind, After 8 years bitcoin has reached such marketcap, These LITTLE Wu wannabes if had billions to put in on B2X for starting the market they would've used it to do something else other than scamming people

[bitfocus]

Yes, I got the same email this morning from coinbase.

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

[sofi@]

So does it means that due to segwit2x that's why bitcoin pump this hard again??anyways my predictions are right segwit just got postponed and settle some issues abd soon be back to continue the fork but whether there is a fork or not I think bitcoin market will not be affected instead more people will still go to bitcoin investment and maybe take segwit as an option for additional investment

[Pursuer]

if you read the Email from Coinbase you can see that they are not claiming anything about any "return". you misunderstood the email actually. they are just issuing some warning which is the safest thing to do when you are running a service like what Coinbase does. you warn your users that there may be some instability soon because of the possible fork.
the group which said they are going to fork bitcoin is mostly a joke but a service like Coinbase needs to take all possibilities in mind.

right now all the hashrate has gone out of SegWit2x and only about less than 7% remains which is probably some servers that need upgrading to stop signaling for it. and when things are like this you can not make a fork.

[thecodebear]

So does it means that due to segwit2x that's why bitcoin pump this hard again??anyways my predictions are right segwit just got postponed and settle some issues abd soon be back to continue the fork but whether there is a fork or not I think bitcoin market will not be affected instead more people will still go to bitcoin investment and maybe take segwit as an option for additional investment

haha no Bitcoin is not pumping because of a few random miners who decide to fork to create a dead coin. Bitcoin is pumping because it is Bitcoin. No one cares about this zero support fork, hell no one even knew about it until coinbase sent out this email yesterday, one day before the fork. This is not Segwit2x, this is just a few miners forking just cuz they feel like it. There will be no user, wallet, or exchange support for it. It's a joke.

[P4ndoraBox]

Dead horse coin

[hv_]

https://coin.dance/

[ImHash]

Some of the big pools are doing this to fool small miners, If all the small miners think that any of these forks are profitable and leave bitcoin mining to join other blockchains, You have yourself less competition in mining bitcoin