Topic: [2017-10-03]Coinbase SegWit2x Silence Sparks Charlie Lee Forecast, User Petition (Read 2111 times)

I don't see any reason why Coinbase or any other service would be forced to support both forks. SegWit2x comes without replay protection and there also was an info that 2x clients are trying to hide the fact that they are 2x to avoid getting banned by the newest Core clients. This means that it will be very hard to use both coins separately, especially for a large scale services like Coinbase that process dozens or hundreds of thousands transactions per day. So, I think they will just wait and see what chain will "win". But Charlie Lee is right in one thing - if Coinbase would try to force SegWit2x coin upon all their customers declaring it "the real Bitcoin", than they would indeed face legal lawsuits.

Oh please

This just demonstrates how inept Charlie Lee is more than anything. If the S2x team (well, currently one man) wants to call itself "Bitcoin" and use bullying tactics to do so, let them.

I think re-branding Bitcoin could right now could be a masterstroke by the Bitcoin Core team. What's gonna be the next move if this latest alt-dev hard fork fails? Are they gonna try to hijack the newly branded NeoBitcoin too?

This stuff just becomes so obvious after a while, "big blocks" is nothing more than a thinly veiled excuse to cause permanent power struggles in Bitcoin, and whoever is ultimately behind it doesn't want to give up until they take control of the project. Pathetic. Whoever wants to control Bitcoin are permanently destined to fail, as they have done 3 times already



Oh great, because Change.org petitions are so successful at actually ever changing the object of a given petition What would we do without Charlie Lee, lol

Coinbase former engineering director Charlie Lee has forecast how it will handle the SegWit2x hard fork as users sign a petition.

In Reddit posts Monday, Lee, who left Coinbase to focus on his Litecoin development commitments, explained how he “thought” the hard fork would occur in response to being asked “multiple times” for his opinion.

“Because this 2x hardfork is so contentious, Coinbase cannot handle it the same way they handled the ETC and BCH hardfork,” he wrote.

    “In other words, they can’t just choose one fork and ignore the other fork. Choosing to support only one fork (whichever that is) would cause a lot of confusion for users and open them up to lawsuits. So Coinbase is forced to support both forks at the time of the hardfork and needs to let the market decide which is the real Bitcoin.”

Coinbase has so far refrained from any official announcements about SegWit2x, having been one of the original signees of Barry Silbert’s New York Agreement - the genesis of the fork - in May.

Users have become impatient, however, with a dedicated petition on Change.org specifically gathering signatures in order to force the wallet provider to take a public stance on the issue.

“We, the CoinBase (sic) user community, are asking Coinbase, Inc (sic) to do right by their customers by making it clear as soon as possible how they intend to handle this fork, and the resulting chains,” an extract from the petition reads.

Coinbase has invested considerable resources in beefing up customer support in recent months following a tumultuous period during which it suffered constant technical problems including system outages.

In August, officials announced they had raised $100 mln Series D funding in what remains the largest single cash injection ever for a Bitcoin or Blockchain startup.


https://cointelegraph.com/news/coinbase-segwit2x-silence-sparks-charlie-lee-forecast-user-petition