Topic: Bitfinex will list hard fork coin as an altcoin with ticher B2X (Read 597 times)
Jihan Wu et al are master manipulators who play games to increase their own wealth only.They do not give anything to bitcoin community and only work in their own interest.
October 10, 2017, 10:54:13 PM
Is the futures B2X token listed somewhere in Bitfinex already? I saw some people saying how it was worth 0.25 BTC or something like that, but i've looked into the Bitfinex website all over the place and I can't seem to find it. So where are the people getting these prices from?
I want to see the B2X shitcoin crash before it even becomes a thing. All the scammers that signed NYA should be put in jail.
Great idea, put them in jail, cool bitmain, xapo and other big supporters came from bch, they are intruders, capitalists who want to control bitcoin. Do you think you are stupid to follow their scenario? I think bitcoin community isn't idiot to be controlled by bitmain capitalist. I want to see the B2X shitcoin crash before it even becomes a thing. All the scammers that signed NYA should be put in jail.
October 10, 2017, 10:07:43 PM
Is the futures B2X token listed somewhere in Bitfinex already? I saw some people saying how it was worth 0.25 BTC or something like that, but i've looked into the Bitfinex website all over the place and I can't seem to find it. So where are the people getting these prices from?
I want to see the B2X shitcoin crash before it even becomes a thing. All the scammers that signed NYA should be put in jail.
I want to see the B2X shitcoin crash before it even becomes a thing. All the scammers that signed NYA should be put in jail.
The futures for the split are listed in the tickers list as BT1 & BT2 only as USD pairs.
October 09, 2017, 03:07:19 PM
I am waiting also for a first "future" quotation by bitmex platform www.bitmex.com.
Normally the market on this site predict very closely the price for a coin.
@ahmedjamal1998
Despite these hard fork could have a point of view as "free money" they can be classified as an attack to btc hashrate and even to the primate of the first crypto currency in market capitalization... so there are not good at all.
Normally the market on this site predict very closely the price for a coin.
@ahmedjamal1998
Despite these hard fork could have a point of view as "free money" they can be classified as an attack to btc hashrate and even to the primate of the first crypto currency in market capitalization... so there are not good at all.
October 09, 2017, 02:57:15 PM
Well if this is actually going to be a thing and there will be another hard forked coin then I must be ready.
I need to keep them on exchanges as soon as possible to dump the heck out of them once they're available.
Exactly like what happened with Bitcoin Cash. Wait for the coin to be listed on exchanges. Wait some time for the primary investors to jump in. Then sell in the sky high price.
What happens next ? Well, what happens with each and every other altcoin/token. Let it die. Slow and steady.
I totally don't believe that any other coin no matter what is going to replace bitcoins. So if it's free money , why not ?
But I guess the situation is a little bit different this time.
BCH had a lot of support and a lot of people who actually bought into it once it hit exchanges and are still stuck with it (since they bought at $600 and don't know what to do.
I need to keep them on exchanges as soon as possible to dump the heck out of them once they're available.
Exactly like what happened with Bitcoin Cash. Wait for the coin to be listed on exchanges. Wait some time for the primary investors to jump in. Then sell in the sky high price.
What happens next ? Well, what happens with each and every other altcoin/token. Let it die. Slow and steady.
I totally don't believe that any other coin no matter what is going to replace bitcoins. So if it's free money , why not ?
But I guess the situation is a little bit different this time.
BCH had a lot of support and a lot of people who actually bought into it once it hit exchanges and are still stuck with it (since they bought at $600 and don't know what to do.
October 09, 2017, 10:05:10 AM
Is the futures B2X token listed somewhere in Bitfinex already? I saw some people saying how it was worth 0.25 BTC or something like that, but i've looked into the Bitfinex website all over the place and I can't seem to find it. So where are the people getting these prices from?
I want to see the B2X shitcoin crash before it even becomes a thing. All the scammers that signed NYA should be put in jail.
I want to see the B2X shitcoin crash before it even becomes a thing. All the scammers that signed NYA should be put in jail.
October 09, 2017, 08:28:47 AM
Finex plans to list it is to give a objective measure to if the fork actually has any value. The previous chain split token they launched was bitcoin unlimited and the trading volume on that pair was tiny. The forks will continue while people can make money from them, just like alt coins.
The orderbooks of these chain split tokens will turn into the splitted coin trades, it's all overly complicated in the intention of keeping the margin trade up and running. Each fork threatens open positions to have been forcibly closed, resulting in a total loss for the traders.Because preceeding the fork all lends will dry out, people keeping their coin for the airdrop.
It's a mess, and looks like we have something messy like that now every month. I allready favor coins that dont split each month.
October 07, 2017, 09:23:35 AM
Is not suprise bitfinex decision to list the hard fork NYA token not as Bitcoin but as a new token with ticker B2X even as they say this token maybe will have the majority of hashpower.
Bitcoin will still trading as bitcoin and as i have predict they will stop every desposit withdraw after the fork to split their coins and protect their platform from replay attack.
https://www.bitfinex.com/posts/223
The real question now is this. Why Bitcoin need such a mess? What is the rush from the startup, miners to create such a huge confusion to the market and finally to built their doomstone?
I strongly believe that this hard fork will be an epic fail act from the startups, miners that will follow it.
In the other hand this epic fail will give a huge power to the winner of this power game, bitcoin developers.
You can't really call the companies who support the fork 'startups'.Bitcoin will still trading as bitcoin and as i have predict they will stop every desposit withdraw after the fork to split their coins and protect their platform from replay attack.
https://www.bitfinex.com/posts/223
Quote
The lack of strong two-way replay protection in Segwit2x means that we must take steps to protect customer funds. At the moment of the fork, all deposits and withdrawals for both BTC and B2X will be halted until we are able to: 1. ‘taint’ our customers’ bitcoins to ensure withdrawals cannot be replayed on both chains; and, 2. ensure that we can properly credit deposits in the event a transaction is replayed on both chains. We expect this process to require at least 24 hours, and potentially significantly longer. If the the event happens, announcements will be made throughout the process to keep everyone up to date.
The real question now is this. Why Bitcoin need such a mess? What is the rush from the startup, miners to create such a huge confusion to the market and finally to built their doomstone?
I strongly believe that this hard fork will be an epic fail act from the startups, miners that will follow it.
In the other hand this epic fail will give a huge power to the winner of this power game, bitcoin developers.
Among them are Coinbase, Shapeshift, Xapo and others which are a big deal.
Exchanges will look to include any popular trading pairs to maximize profit, and B2X will surely have good volume so no surprises here.
October 07, 2017, 09:17:36 AM
Quote
Segwit2x is nothing short of a coup attempt by businesses & miners in the Bitcoin space to oust the core developers of the Bitcoin code and force their control in the direction of Bitcoin technical development.
That is it, in a nutshell. This takeover attempt lead by Barry Silbert’s New York Agreement is veiled (albeit somewhat thinly in my mind) by the Segwit & big block debate to take attention away from the true intention of the miners & businesses. The ambition of Bitcoin miners & businesses will always inherently lean toward centralized control as they are unwilling to sacrifice efficiency for network security. This intention is in stark contrast to the aspirations of the average Bitcoin users who desire security and decentralization above all else. While there exists some debate between users regarding block size I believe even those who champion a push for larger blocks would outright condemn the ensuring totalitarian control over the network.
We must realize as a community that the Segwit2x code is not the argument, whether you desire big or small blocks, Segwit or no Segwit it is not relevant. The point remains the method by which the centralized mining cartels & businesses are attempting to force this change through the protocol and what is likely to happen in the future should they succeed. Should Segwit2x client change be successful;
A) It will be proven without a doubt that the Bitcoin network with all its hash power security and global scale CAN BE gamed. Any protocol changes that the miners / businesses want or are PAID / COERCED to want can be made, full stop. If they want Bitcoin to be inflationary rather than deflationary or to have 42 million minable coins rather than 21 million its just a matter of 1’s and 0’s at this point.
B) Power of development for the Bitcoin project will be taken out of the hands of the Core development team. The same team that has kept the Bitcoin network secure and stable with near 100% uptime for the past 8+ years. It is anyone’s guess who will stay on to develop the Segwit2x client.
C) Bitcoin’s status as a decentralized currency will be stripped. Bitcoins future will be entirely in the hands of centralized business’s and mining bodies. I am sure they will form some type of administrative group to discuss THEIR needs. The users will not be represented. (Sound familiar?).
D) There is no guarantee that the Bitcoin project will even remain open source. Once enough hash power and economic support lend themselves to the Segwit2x client the new miner controlled development team can easily flip the switch to closed source is they so desired.
The miners and businesses operating on the Bitcoin blockchain are entirely incentivized to centralize the networks development & operation as much as is possible. Centralized control will always be more efficient than decentralized consensus and thus adds to the bottom lines of businesses and miners alike. The users MUST NOT allow these bodies to take control of the network. Miners and business’s exist to serve the users & the network, NOT the other way around.
I suppose it is in the nature of human beings to desire power and control over others. Why this is exactly I can’t say, but I doubt anyone would argue the point. An attack of this type was bound to occur sooner or later in the Bitcoin space, I had no doubts of this. However I am taken back a bit by the lack of common understanding of exactly what is taking place here. For years a 51% attack on the Bitcoin network was in the forefront of every users mind and yet in the midst of a hostile takeover attempt all I see is complacency. Many posts on Reddit and Twitter are content to see that Segwit will be pushed through “in some form” but take no account to the method by which it occurs. They have been so aptly sold on the benefits of Segwit that they pay little attention to men pulling the strings behind the cloth. We would be far better off to have Bitcoin as it stands today without Segregated Witness then to allow manipulation of the protocol in this manner.
The only true power we as users have is to educate one another on the issues, whether they lie in the technical, economical or game theory realms as we move forward. At this point it seems clear that decentralized systems such as Bitcoin will always be under attack by centralized authorities wishing to take more control. If the Bitcoin project is to succeed the user base will need to be dynamic in their defense & understanding.
That is it, in a nutshell. This takeover attempt lead by Barry Silbert’s New York Agreement is veiled (albeit somewhat thinly in my mind) by the Segwit & big block debate to take attention away from the true intention of the miners & businesses. The ambition of Bitcoin miners & businesses will always inherently lean toward centralized control as they are unwilling to sacrifice efficiency for network security. This intention is in stark contrast to the aspirations of the average Bitcoin users who desire security and decentralization above all else. While there exists some debate between users regarding block size I believe even those who champion a push for larger blocks would outright condemn the ensuring totalitarian control over the network.
We must realize as a community that the Segwit2x code is not the argument, whether you desire big or small blocks, Segwit or no Segwit it is not relevant. The point remains the method by which the centralized mining cartels & businesses are attempting to force this change through the protocol and what is likely to happen in the future should they succeed. Should Segwit2x client change be successful;
A) It will be proven without a doubt that the Bitcoin network with all its hash power security and global scale CAN BE gamed. Any protocol changes that the miners / businesses want or are PAID / COERCED to want can be made, full stop. If they want Bitcoin to be inflationary rather than deflationary or to have 42 million minable coins rather than 21 million its just a matter of 1’s and 0’s at this point.
B) Power of development for the Bitcoin project will be taken out of the hands of the Core development team. The same team that has kept the Bitcoin network secure and stable with near 100% uptime for the past 8+ years. It is anyone’s guess who will stay on to develop the Segwit2x client.
C) Bitcoin’s status as a decentralized currency will be stripped. Bitcoins future will be entirely in the hands of centralized business’s and mining bodies. I am sure they will form some type of administrative group to discuss THEIR needs. The users will not be represented. (Sound familiar?).
D) There is no guarantee that the Bitcoin project will even remain open source. Once enough hash power and economic support lend themselves to the Segwit2x client the new miner controlled development team can easily flip the switch to closed source is they so desired.
The miners and businesses operating on the Bitcoin blockchain are entirely incentivized to centralize the networks development & operation as much as is possible. Centralized control will always be more efficient than decentralized consensus and thus adds to the bottom lines of businesses and miners alike. The users MUST NOT allow these bodies to take control of the network. Miners and business’s exist to serve the users & the network, NOT the other way around.
I suppose it is in the nature of human beings to desire power and control over others. Why this is exactly I can’t say, but I doubt anyone would argue the point. An attack of this type was bound to occur sooner or later in the Bitcoin space, I had no doubts of this. However I am taken back a bit by the lack of common understanding of exactly what is taking place here. For years a 51% attack on the Bitcoin network was in the forefront of every users mind and yet in the midst of a hostile takeover attempt all I see is complacency. Many posts on Reddit and Twitter are content to see that Segwit will be pushed through “in some form” but take no account to the method by which it occurs. They have been so aptly sold on the benefits of Segwit that they pay little attention to men pulling the strings behind the cloth. We would be far better off to have Bitcoin as it stands today without Segregated Witness then to allow manipulation of the protocol in this manner.
The only true power we as users have is to educate one another on the issues, whether they lie in the technical, economical or game theory realms as we move forward. At this point it seems clear that decentralized systems such as Bitcoin will always be under attack by centralized authorities wishing to take more control. If the Bitcoin project is to succeed the user base will need to be dynamic in their defense & understanding.
October 07, 2017, 09:14:21 AM
So what does this mean for you average user? Is your BTC safe in your wallet and when the fork happens are you entitled to an equal amount of B2X. I wonder what is going to happen to prices around all of this? Oh man so many questions....
October 07, 2017, 09:09:34 AM
Not really surprised that they've added it ahead of time, since it's always the case for the past fork that happened. Not really against their move but it just goes to show that they are in for consensus and not taking sides when it comes to the betterment (?) of the coin. For those people mentioning that they don't care about bitcoin, think again. They are giving the community the benefit of choosing which is which and what they really want instead of taking sides and refusing to be open for further development.
October 07, 2017, 07:47:23 AM
effing bitfinex always adds these coins way before they even become a thing! this just proves they don't care about bitcoin, they just want to take advantage of the situation and attract more traffic (traders) to make more money.
they did the same thing with bitcoin cash and bitcoin unlimited adding each of them way before they even existed. BU didn't even come to exist and they had (don't know if they still have!!) the market for it
they did the same thing with bitcoin cash and bitcoin unlimited adding each of them way before they even existed. BU didn't even come to exist and they had (don't know if they still have!!) the market for it
Markets are there so people can speculate on unknown future outcomes. I think it's exactly what a good exchange should be doing. They're not taking a side on the politics, they're just providing a service to people who want to stake a position on it. Making money from trading commissions is the business they're in.
October 07, 2017, 07:31:30 AM
They sure is advance in taking actions so early and the coin still doesn't exist but I think they are thinking ahead so the place for the new Coins will be ready and I think that B2X had already announce ahead about it that they will be making an Existence in the market and I think this would ready up the investors on deciding on what to choose, but the sure thing is many users would hold and stock up bitcoin so they can surely get free Coins.
This is actually a good thing and allows people to plan accordingly before the fork. Unlike some forks with other coins that wait until the last second to announce they will list it. Remember when Ethereum hard-forked, everyone ahead of time said there will only be one coins afterwards and only support the main chain, the Poloniex listed ETC and basically fucked everyone over. With Bitcoin this type of BS would be a PR disaster and would sours a lof of people on the whole concept, especially newcomers.
October 07, 2017, 07:24:37 AM
They sure is advance in taking actions so early and the coin still doesn't exist but I think they are thinking ahead so the place for the new Coins will be ready and I think that B2X had already announce ahead about it that they will be making an Existence in the market and I think this would ready up the investors on deciding on what to choose, but the sure thing is many users would hold and stock up bitcoin so they can surely get free Coins.
October 07, 2017, 07:06:15 AM
I actually expect nothing less that what is happening because every subsequent fork will continue to be treated as an alt coin while bitcoin will continue to hold forth as the primary coin in the industry. This is just because in as much as they are core believers they dont want to be seen as stoppers of "innovations" in this world afterall, a lot of participants will still call them out in case they are not credited with their portion of the new coin.
Whether the next fork is a joke, mess or anything related to that is not in our place to stop or decide and when the go ahead has been decided, its hardly any discussion can stop it and bitcoin itself the way its designed, allowed for such. However, its our sole decision to either use it or not and I know a lot of people will use that wisely.
Whether the next fork is a joke, mess or anything related to that is not in our place to stop or decide and when the go ahead has been decided, its hardly any discussion can stop it and bitcoin itself the way its designed, allowed for such. However, its our sole decision to either use it or not and I know a lot of people will use that wisely.
Is not suprise bitfinex decision to list the hard fork NYA token not as Bitcoin but as a new token with ticker B2X even as they say this token maybe will have the majority of hashpower.
Bitcoin will still trading as bitcoin and as i have predict they will stop every desposit withdraw after the fork to split their coins and protect their platform from replay attack.
https://www.bitfinex.com/posts/223
The real question now is this. Why Bitcoin need such a mess? What is the rush from the startup, miners to create such a huge confusion to the market and finally to built their doomstone?
I strongly believe that this hard fork will be an epic fail act from the startups, miners that will follow it.
In the other hand this epic fail will give a huge power to the winner of this power game, bitcoin developers.
Bitcoin will still trading as bitcoin and as i have predict they will stop every desposit withdraw after the fork to split their coins and protect their platform from replay attack.
https://www.bitfinex.com/posts/223
Quote
The lack of strong two-way replay protection in Segwit2x means that we must take steps to protect customer funds. At the moment of the fork, all deposits and withdrawals for both BTC and B2X will be halted until we are able to: 1. ‘taint’ our customers’ bitcoins to ensure withdrawals cannot be replayed on both chains; and, 2. ensure that we can properly credit deposits in the event a transaction is replayed on both chains. We expect this process to require at least 24 hours, and potentially significantly longer. If the the event happens, announcements will be made throughout the process to keep everyone up to date.
The real question now is this. Why Bitcoin need such a mess? What is the rush from the startup, miners to create such a huge confusion to the market and finally to built their doomstone?
I strongly believe that this hard fork will be an epic fail act from the startups, miners that will follow it.
In the other hand this epic fail will give a huge power to the winner of this power game, bitcoin developers.
October 07, 2017, 06:53:21 AM
effing bitfinex always adds these coins way before they even become a thing! this just proves they don't care about bitcoin, they just want to take advantage of the situation and attract more traffic (traders) to make more money.
they did the same thing with bitcoin cash and bitcoin unlimited adding each of them way before they even existed. BU didn't even come to exist and they had (don't know if they still have!!) the market for it
they did the same thing with bitcoin cash and bitcoin unlimited adding each of them way before they even existed. BU didn't even come to exist and they had (don't know if they still have!!) the market for it
October 07, 2017, 05:00:59 AM
Finex plans to list it is to give a objective measure to if the fork actually has any value. The previous chain split token they launched was bitcoin unlimited and the trading volume on that pair was tiny. The forks will continue while people can make money from them, just like alt coins.
October 07, 2017, 04:46:13 AM
Is not suprise bitfinex decision to list the hard fork NYA token not as Bitcoin but as a new token with ticker B2X even as they say this token maybe will have the majority of hashpower.
Bitcoin will still trading as bitcoin and as i have predict they will stop every desposit withdraw after the fork to split their coins and protect their platform from replay attack.
https://www.bitfinex.com/posts/223
The real question now is this. Why Bitcoin need such a mess? What is the rush from the startup, miners to create such a huge confusion to the market and finally to built their doomstone?
I strongly believe that this hard fork will be an epic fail act from the startups, miners that will follow it.
In the other hand this epic fail will give a huge power to the winner of this power game, bitcoin developers.
Bitcoin will still trading as bitcoin and as i have predict they will stop every desposit withdraw after the fork to split their coins and protect their platform from replay attack.
https://www.bitfinex.com/posts/223
Quote
The lack of strong two-way replay protection in Segwit2x means that we must take steps to protect customer funds. At the moment of the fork, all deposits and withdrawals for both BTC and B2X will be halted until we are able to: 1. ‘taint’ our customers’ bitcoins to ensure withdrawals cannot be replayed on both chains; and, 2. ensure that we can properly credit deposits in the event a transaction is replayed on both chains. We expect this process to require at least 24 hours, and potentially significantly longer. If the the event happens, announcements will be made throughout the process to keep everyone up to date.
The real question now is this. Why Bitcoin need such a mess? What is the rush from the startup, miners to create such a huge confusion to the market and finally to built their doomstone?
I strongly believe that this hard fork will be an epic fail act from the startups, miners that will follow it.
In the other hand this epic fail will give a huge power to the winner of this power game, bitcoin developers.
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