How will the 28th Hard Fork affect the price of BTC & Altcoins - page 3.

Anti-Cen

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Activity: 210

Merit: 26

High fees = low BTC price

Quote from: HabBear on December 23, 2017, 01:49:57 PM

Everyone says that segregating the witness will open up opportunity for fraud.

The name is B2X and i looked into it for a few hours and yes it does seem to be real but it's as if
Google is keeping news about it off the screens for now and maybe it was rushed out to stop people
dumping BTC before 28th Dec due to prices going down thanks to high transaction fees.

This "Everyone" could be everyone that runs mines and don't want to take a hit on profits
but it's becoming clear to me that nothing about BTC should be trusted and you might
like to view the link given below

https://www.youtube.com/watch?v=6V365_59-Lc

I moved my coins out of Coinbase and on to the real block just to ensure I had a stake
in this new segwic2x fork yesterday instead of having to see if Coinbase would give me access to
my free gift or not in six months time which might not be fraud but it's the next best thing.

HabBear

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Activity: 1106

Merit: 638

Quote from: YGung on December 23, 2017, 01:56:41 PM

Someone correct me if I'm wrong, but this doesn't look like its being orchestrated by the same team that was supposed to implement the original segwit2x fork before it got cancelled...Seems kind of gimmicky if this is the case.

And this whole receiving a portion of Satoshi's btc is confusing to me.

Ooh, good call out, this may be true!

Quote from: anushkasachith888 on December 23, 2017, 01:59:04 PM

Thanks for the response HabBear, They give airdrop coins as well? interesting. actually I am not clear this part of your statement. [Everyone says that segregating the witness will open up opportunity for fraud.]] I appreciate if you can clarify it more,
Thanks for the given link too. I am going to read it now.

Hi anushkasachith888, all hard forks airdrop coins. That's the only way hard forks can survive...they need to give people coins (in equal proportion to what they own of the target coin) so they will be able to use the newly created coin. In fact, "airdrops" can only occur when there is a hard fork. People mis use the term "airdrop" when what they really mean is "income" or a "giveaway".

The SegWit principle proposes separating the transaction details (amount, addresses) from the confirmation details (that which witnesses the transaction). Separating the two means that the blockchain no longer contains the information about the amount transacted, the to and from addresses, and the confirmation in the same package of information. They want to do this to make transaction sizes smaller, which is a major problem for Bitcoin. But when they do this it's possible (in theory) that someone could hijack the transaction after the witness part has been removed and there would be know way to prove the hijack or theft...except for one person (the receiver of the transaction) yelling "thief!"

anushkasachith888

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Activity: 546

Merit: 12

Quote from: HabBear on December 23, 2017, 01:49:57 PM

I haven't heard much about this at all since they canceled the November implementation.

Here's an article I just found about it: https://www.legalgamblingandthelaw.com/news/bitcoin-segwit2x-hard-fork-december-28/

The name of the coin is going to be "S2X" or B2X". They plan to also give a bonus of Bitcoin along with the airdropped coins. The challenge with this one is that the transaction size is only 4mb, that's half what Bitcoin Cash is offering. So, will it be a viable competitor? I don't think so. Do we think SegWit is the answer? I don't think so. Everyone says that segregating the witness will open up opportunity for fraud.

Thanks for the response HabBear, They give airdrop coins as well? interesting. actually I am not clear this part of your statement. [Everyone says that segregating the witness will open up opportunity for fraud.]] I appreciate if you can clarify it more,
Thanks for the given link too. I am going to read it now.

sopromat

full member

Activity: 353

Merit: 100

That fork is not going to affect bitcoin, it was a fork that no one was aware of.
this is just another shitfork who is using the name of the last fork that got cancelled in order to hype it.
Dont waste time trying to search it, it is a waste of time, it will be worth less than $10 of course.

YGung

full member

Activity: 318

Merit: 100

Someone correct me if I'm wrong, but this doesn't look like its being orchestrated by the same team that was supposed to implement the original segwit2x fork before it got cancelled...Seems kind of gimmicky if this is the case.

And this whole receiving a portion of Satoshi's btc is confusing to me.

HabBear

hero member

Activity: 1106

Merit: 638

I haven't heard much about this at all since they canceled the November implementation.

Here's an article I just found about it: https://www.legalgamblingandthelaw.com/news/bitcoin-segwit2x-hard-fork-december-28/

The name of the coin is going to be "S2X" or B2X". They plan to also give a bonus of Bitcoin along with the airdropped coins. The challenge with this one is that the transaction size is only 4mb, that's half what Bitcoin Cash is offering. So, will it be a viable competitor? I don't think so. Do we think SegWit is the answer? I don't think so. Everyone says that segregating the witness will open up opportunity for fraud.

anushkasachith888

member

Activity: 546

Merit: 12

Scheduled Bitcoin SegWit2X Hard Fork comes on December 28, How will it affect bitcoin? Whether BTC price will go up or down? Today is 23rd, So,When will the market feel the heat of hardfork ? How will it affect Altcoins?

Topic: How will the 28th Hard Fork affect the price of BTC & Altcoins - page 3. (Read 489 times)