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Topic: Bitcoin vs SegWit2x - after split price predictions - page 3. (Read 5418 times)

legendary
Activity: 3122
Merit: 2178
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Also note that we're looking at different interest groups.

BCH caters to big-block purists, who don't want segwit at all and have the opinion that on-chain scaling is sufficient. 2X caters to people that do want segwit, yet have the opinion that segwit alone is not sufficient, making an additional blocksize increase necessary. One might also argue that 2X tries to be the unifying proposition by making a compromise between both sides of the blockchain debate, which may be interesting in itself.

There's a common misconception that this is a debate only about scaling, while actually the major point of disagreement is security. Core is not arguing that bigger blocks, and especially bigger blocks with SegWit would quickly boost Bitcoin's capacity and lower fees for some time, but they believe that this will dramatically reduce number of full nodes, making Bitcoin less decentralized and secure. Small number of full nodes will make Bitcoin weak to government attempts to shut it down as well as different kinds of double-spending attacks.

Ironically both sides claim that the other side's approach is less secure and would endanger decentralization. From what I've read the main arguments by Core against Segwitx2 were less about the blocksize (the increase being less extreme than BCH or unlimited), but rather about the development, testing and deployment approach (eg. little being known about the intricacies of hardforks, too close a deployment date, non-existent or questionable replay-protection). I might be wrong though, maybe even a relatively conservative block increase to a total of 4mb (2mb + 2mb segwit) is already seen as problematic in itself.
legendary
Activity: 3024
Merit: 2148
What is the point of segwit2x after Bitcoin Cash? AFAIK, everything they wanted to put into practice is already there.

SW entails a lot more than extra capacity for transaction volume...

Also note that we're looking at different interest groups.

BCH caters to big-block purists, who don't want segwit at all and have the opinion that on-chain scaling is sufficient. 2X caters to people that do want segwit, yet have the opinion that segwit alone is not sufficient, making an additional blocksize increase necessary. One might also argue that 2X tries to be the unifying proposition by making a compromise between both sides of the blockchain debate, which may be interesting in itself.

There's a common misconception that this is a debate only about scaling, while actually the major point of disagreement is security. Core is not arguing that bigger blocks, and especially bigger blocks with SegWit would quickly boost Bitcoin's capacity and lower fees for some time, but they believe that this will dramatically reduce number of full nodes, making Bitcoin less decentralized and secure. Small number of full nodes will make Bitcoin weak to government attempts to shut it down as well as different kinds of double-spending attacks.
legendary
Activity: 3122
Merit: 2178
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What is the point of segwit2x after Bitcoin Cash? AFAIK, everything they wanted to put into practice is already there.

SW entails a lot more than extra capacity for transaction volume...

Also note that we're looking at different interest groups.

BCH caters to big-block purists, who don't want segwit at all and have the opinion that on-chain scaling is sufficient. 2X caters to people that do want segwit, yet have the opinion that segwit alone is not sufficient, making an additional blocksize increase necessary. One might also argue that 2X tries to be the unifying proposition by making a compromise between both sides of the blockchain debate, which may be interesting in itself.
legendary
Activity: 1473
Merit: 1086
SegWit2x developers and miners are not backing down from their intention to hardfork in November, while the upcoming update for Bitcoin Core client will be automatically disconnecting SegWit2x nodes.
The possibility of chain split looks very high, which raises a few questions.

How exchanges will be naming Bitcoin chains after split - will they name one as a Bitcoin, or rename both to something like Bitcoin Core and Bitcoin2x?

What will be the prices for those coins? How their value will change after a few months?

Will combined value of both coins increase or decrease?



in my honest opinion,everything will be same like what they did before.
look at it back when the chain split,everbody buying Bitcoin in order to get an airdrop from the split.
afterwards,people starting to sell the airdrop aka Bitcoin Cash to buy more Bitcoin.
So,what will happen in the next chain split again ?
i guess we will see something like this again,hopefully it will because no matter what will happen as long Bitcoin price surge and rise.
everything is will be fine,
and i don't care about other coin from the splitting.no only me obviously many people will think same like me

I don't think the situation of the BTC/2X fork is as clear as the situation of the BTC/BCC fork.
sr. member
Activity: 1050
Merit: 252
Nothing bad happened after the BCC split, in fact the price increased and we even got free coins.

So I guess there will be nothing bad in a SegWit2x fork, and we will have more free coins to hold.

There certainly will be if the present percentage of miners pushes it through. Corecoin would have to change PoW to stand a chance of being usable. It would slow to a crawl if it lost that much mining power.

Exactly. The main difference with BCH is that Bitmain starting mining it right off the bat (because it's their altcoin). Whoever mines this old version of bitcoin will get kind of screwed in the end, as it'll be worthless. There's no point in hanging onto old tech at this point.
believers nor those who only wants to take advantage are those who's still mining this coin so we can't be assured what will be the
future of this coin bitcoin already gain popularity so nothing will stop or replace it for now.
legendary
Activity: 1937
Merit: 1001
What is the point of segwit2x after Bitcoin Cash? AFAIK, everything they wanted to put into practice is already there.


SW entails a lot more than extra capacity for transaction volume...
full member
Activity: 364
Merit: 106
The incoming contentious HF on 1 Nov is not the same as BCH split. Jihan Wu admitted he wanted an altcoin and the community was ok with that. This time each party will claim that 2x and core are the 'real' bitcoin. But there is place for only one king of the cryptocurency! If we have 2 kings we can't expect the upward price trend to continue anymore. More likely, the 2 new bitcoins will share the fate of BCH trading from 100$ to 1000$ then back to 300$ each.
I do not want this to happen. Me and many friends here want the bitcoin that exist today. Do not change because we are very comfortable using bitcoin here. This change could be messing up everything because bitcoin prices can be very uncontrollable. For me this change can destroy bitcoin as the most popular digital currency today.
I think leave it as it is not a good idea. What has become of bitcoin? You consider it a currency? Then you need to spend or earn. Wear signatures is good but it is a promotion and not earnings. The Internet even equipment for mining bitcoins is difficult to buy for coins. Definitely need to change the situation. Just need to be able to negotiate and to prevent the creation of monopolies. If you remain everything as it is a dead end.
legendary
Activity: 966
Merit: 1042
Nothing bad happened after the BCC split, in fact the price increased and we even got free coins.

So I guess there will be nothing bad in a SegWit2x fork, and we will have more free coins to hold.

There certainly will be if the present percentage of miners pushes it through. Corecoin would have to change PoW to stand a chance of being usable. It would slow to a crawl if it lost that much mining power.

Exactly. The main difference with BCH is that Bitmain starting mining it right off the bat (because it's their altcoin). Whoever mines this old version of bitcoin will get kind of screwed in the end, as it'll be worthless. There's no point in hanging onto old tech at this point.
jr. member
Activity: 43
Merit: 10
What is the point of segwit2x after Bitcoin Cash? AFAIK, everything they wanted to put into practice is already there.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
Nothing bad happened after the BCC split, in fact the price increased and we even got free coins.

So I guess there will be nothing bad in a SegWit2x fork, and we will have more free coins to hold.

There certainly will be if the present percentage of miners pushes it through. Corecoin would have to change PoW to stand a chance of being usable. It would slow to a crawl if it lost that much mining power.
legendary
Activity: 1596
Merit: 1011
The incoming contentious HF on 1 Nov is not the same as BCH split. Jihan Wu admitted he wanted an altcoin and the community was ok with that. This time each party will claim that 2x and core are the 'real' bitcoin. But there is place for only one king of the cryptocurency! If we have 2 kings we can't expect the upward price trend to continue anymore. More likely, the 2 new bitcoins will share the fate of BCH trading from 100$ to 1000$ then back to 300$ each.
I do not want this to happen. Me and many friends here want the bitcoin that exist today. Do not change because we are very comfortable using bitcoin here. This change could be messing up everything because bitcoin prices can be very uncontrollable. For me this change can destroy bitcoin as the most popular digital currency today.
hero member
Activity: 1134
Merit: 517
Nothing bad happened after the BCC split, in fact the price increased and we even got free coins.

So I guess there will be nothing bad in a SegWit2x fork, and we will have more free coins to hold.

So, I dont think theres reason to panic anymore.

I just want to know... will we have another dip? And when? And how much? I'm more confident in bitcoin future now, I think it will be bright, I think it will be great. Just want to buy more before we can skyrocket to 10k at the end of this year.


Of a truth, a split in the Bitcoin network has been long coming because the rift between BIP91 and BIP148 seems to continue unabated. We were just spared the agony of seeing our Bitcoin lose most of its value as a result of the deadlock until the day was saved by the signaling of Segwit, but it should be obvious that was only to placate and calm the market and not actually a lasting solution. Apparently the threat of a split is still very much in the air because there is not yet a consensus on 1MB or 2MB blocksize.

At any rate, it is nothing to get people panicking one more time, I personally would be looking forward to the buying opportunity that would create, because so many Bitcoin enthusiasts can't pass up any opportunity to mop up extra coins out there at a cheaper rate.

legendary
Activity: 1806
Merit: 1521
Another split? probably it will happen as with Bitcoin Cash. A good name would be just segwit2xcoin.

I am beginning to think people like to produce split in order to create opportunities to earn a little from the forked coin, rather than to seriously produce an alternative.

I think this will be much more complicated, because devs of SegWit2x call their coin Bitcoin, unlike Bcash who at least honestly distinguished itself from Bitcoin.

People who run online wallets will have power to decide for their users which chain is Bitcoin, and it can be huge. For example, Coinbase is a part of NYA, and in worst case scenario they will push 2x as Bitcoin and refuse to support Core chain, so suddenly all their customers will only have 2x coins.

There was a huge volatility around Jul 20th when the situation with SegWit was uncertain, and this might repeat in November.

Exactly. That's why this is so contentious. Miners, exchanges, services are broadly on board with the November fork. Although I will say, judging by the Bitcoin Cash fork, we may see several prominent exchanges and wallets offering users a choice. That will ensure a split. Then again, any hard fork basically ensures a split.

Agreed that no matter what happens, there will be huge market uncertainty as the fork approaches. But until that general time (a couple months out), I think we'll continue rallying.
legendary
Activity: 1162
Merit: 1000
Bitcoin survived a fork, surely it will survive another one.

Will be just like with Bitcoin cash.The name they will give to the new coin doesn't matter.

Some exchanges will allow you to get the fork coin, other doesn't, move everything to cold storage and buy some popcorn for the pre fork FUD, and see nothing happening in the day.
legendary
Activity: 1891
Merit: 3096
All good things to those who wait
The incoming contentious HF on 1 Nov is not the same as BCH split. Jihan Wu admitted he wanted an altcoin and the community was ok with that. This time each party will claim that 2x and core are the 'real' bitcoin. But there is place for only one king of the cryptocurency! If we have 2 kings we can't expect the upward price trend to continue anymore. More likely, the 2 new bitcoins will share the fate of BCH trading from 100$ to 1000$ then back to 300$ each.
sr. member
Activity: 1400
Merit: 347
Nothing bad happened after the BCC split, in fact the price increased and we even got free coins.

So I guess there will be nothing bad in a SegWit2x fork, and we will have more free coins to hold.

So, I dont think theres reason to panic anymore.

I just want to know... will we have another dip? And when? And how much? I'm more confident in bitcoin future now, I think it will be bright, I think it will be great. Just want to buy more before we can skyrocket to 10k at the end of this year.

legendary
Activity: 966
Merit: 1042
Nobody knows.
The only thing that is certain is that it will be one big cluster f*ck!

Lol for once I agree with kwukduck. This is going to be one hell of a mess with 3 different versions of bitcoins that who knows what to stick with and you may end up closing the wrong chain and get screwed. God I hate forks. Too many decisions.
hero member
Activity: 490
Merit: 501
Another split? probably it will happen as with Bitcoin Cash. A good name would be just segwit2xcoin. I am beginning to think people like to produce split in order to create opportunities to earn a little from the forked coin, rather than to seriously produce an alternative.

I agree. In case there would be another fork and the resulting split then it can be following the same path as trodden by BitcoinCash (BCH). I this is already getting to be boring and making Bitcoin a little bit comedic. However, if it means that I would be getting some share of another altcoin akin to BCH then I would probably be happy with it. Once I would received my altcoin from this split then I would also immediately sell the same so it can be converted back to Bitcoin.

Isn't this wonderful that we are creating wealth not out of thin air but out of splits? So aside from the rising value of the original Bitcoin, we now find another way to make people rich. Maybe this is partly designed by Nakamoto so that we all can be rich overnight!

Bitcoin is really amazing! And let more splits come!
hero member
Activity: 588
Merit: 500
New SegWit? I'm wandering will it appear new coin after this?
I think SegWit became a good reason for speculation. How it will affect on the price we may only guess.
As a person who cash out coins almost weekly, so I expect new growth and to see 5000$ would break up all my expectations Grin
sr. member
Activity: 616
Merit: 256
segwit2x split is still can't affect the price of bitcoin core .it will only affect the block chain but not the demand of trading.The price predictions is now mainly dependent on Asian region trading mostly in Japan where it holds the majority of bitcoin trading so if Japanese signals a low volume of trading then the bitcoin price will follow but price prediction is still not below 3k IMHO.
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