Epic case study of Centralized Decentralized Blockchain Open Source Technology
Topic: Is SegWit2x Nov fork 100% certain to happen? - page 2. (Read 1590 times)
Someone from Reddit commented - Bitcoin's GREAT decentralized consensus decide by 6 developers who talked the market up from $500 to $7500.
Epic case study of Centralized Decentralized Blockchain Open Source Technology
Epic case study of Centralized Decentralized Blockchain Open Source Technology
Jeez this Fork cancellation is making chaos on the market! I hope generally in a good way.
The terrible 2x part of the Segwit agreement has been canceled at last! Lord has heard our prayers!
When everyone expect it to happen, it is cancelled. I don't know about these developers and open source. What if some others announce tomorrow that they will carry on SegWit2x where others left off - after all it is OPEN SOURCE!
That's how impregnable the castle of blockchain technology is!
Epic case study of Centralized Decentralized Blockchain Open Source Technology
The terrible 2x part of the Segwit agreement has been canceled at last! Lord has heard our prayers!
While I am typing this the current block of the Bitcoin network already reaches 493,645 so if Segwit2x will go through at the exact block of 494,784 then it is only 1139 blocks left until it happens meaning if 1 block mines every 10 minutes then it take 11,390 minutes or 189.83 hours or 7.909 days so if we count it, probably the Segwit2x will occur in late night of November 16, 2017. It is true that a new coin will have value if there are investors that will go inside of it as it needs for the market capitalization and guess what there are people who really supporting it.
BTC2x will have value. When it starts trading, there is no reference to gauge market price expectation. In a usual IPO, there is the issue price as a guide. I think now, we have to take the current bitcoin cash of $650 and the $7000 as reference guide. The volatility may be insane.If I have bitcoins (an amount X before fork) in a trading exchange, I think it may be legally bound to give me X B2X; they have to honor our rights to this new coins. Can it happen some "reputable" exchanges refuse to give us our new allocation of B2X?
Check their advertised policy. If you're worried, just move your balance to your own wallet (like Bitcoin Core) before the fork, and back to the exchange some time afterwards.
We are now caught between a rock and a hard place. If we withdraw all our BTC and the market crash, how do we dump? Replenishing our BTC deposit may take a day or two. Extreme relativistic time dilation may mean a day is a year.
If I have bitcoins (an amount X before fork) in a trading exchange, I think it may be legally bound to give me X B2X; they have to honor our rights to this new coins. Can it happen some "reputable" exchanges refuse to give us our new allocation of B2X?
Check their advertised policy. If you're worried, just move your balance to your own wallet (like Bitcoin Core) before the fork, and back to the exchange some time afterwards.
While I am typing this the current block of the Bitcoin network already reaches 493,645 so if Segwit2x will go through at the exact block of 494,784 then it is only 1139 blocks left until it happens meaning if 1 block mines every 10 minutes then it take 11,390 minutes or 189.83 hours or 7.909 days so if we count it, probably the Segwit2x will occur in late night of November 16, 2017. It is true that a new coin will have value if there are investors that will go inside of it as it needs for the market capitalization and guess what there are people who really supporting it.
Another question. If I have bitcoins (an amount X before fork) in a trading exchange, I think it may be legally bound to give me X B2X; they have to honor our rights to this new coins. Can it happen some "reputable" exchanges refuse to give us our new allocation of B2X?
getting greedy, what? Did you sign a contract to buy BTC/ETH/Monero/Dash with them? Or did you buy B2x to pay with BTC? Do you have the private keys? Have you tried to buy yourself B2X Futures? Or is it just that you want to get "rich" without doing any efforts?
Look, the majority is here greedy, and we all want to get the money from others without doing any effort. It's not a communism system, right? And if we know howto get the money from others, why would we explain to others ...
But if you turn your question around: "will my exchange XYZ provide the equivalent of BTC in Shitcoin2x?", then people might have better experience in replying to such question.
Like you said, it's for sure going to happen at block 494,784. The date is always uncertain. But it's expected to happen in November 15.
Read this article: With forks, the block matters, not the date[1].
[1] http://cryptocurrencyfacts.com/block-number-matters-with-crypto-forks/
Many thanks. I need to be dead sure as I am analyzing how this fork may affect price.Read this article: With forks, the block matters, not the date[1].
Quote
TIP: One simple way to keep track of what block we are at is with blockexplorer.com. A block is mined roughly every 10 minutes, but this fluctuates (which is why one can only estimate the exact time a block will occur).
[1] http://cryptocurrencyfacts.com/block-number-matters-with-crypto-forks/
Another question. If I have bitcoins (an amount X before fork) in a trading exchange, I think it may be legally bound to give me X B2X; they have to honor our rights to this new coins. Can it happen some "reputable" exchanges refuse to give us our new allocation of B2X?
Yes, it is all about the blocks. The forks date depends only on blocks. As someone earlier said: one block = 10 minutes (less than 1000 blocks left until segwit2x).
Like you said, it's for sure going to happen at block 494,784. The date is always uncertain. But it's expected to happen in November 15.
Read this article: With forks, the block matters, not the date[1].
[1] http://cryptocurrencyfacts.com/block-number-matters-with-crypto-forks/
Read this article: With forks, the block matters, not the date[1].
Quote
TIP: One simple way to keep track of what block we are at is with blockexplorer.com. A block is mined roughly every 10 minutes, but this fluctuates (which is why one can only estimate the exact time a block will occur).
[1] http://cryptocurrencyfacts.com/block-number-matters-with-crypto-forks/
I have been reading about the coming SegWit2x fork coming Nov 15. I have some idea that it seems the fork will definitely happen starting at block 494,784; it will occur as long as there are sufficient hash power to mine it (ensuring about 1 block per 10 min). If this B2X occurs, all BTC holders will have coins in both chains. B2X will be valuable as long as here are buyers willing to buy with fiat or merchants willing to accept it. I do know we have to take care as SegWit2x do not add replay protection.
Can someone explain if B2X is a 100% certainty on Nov 15. I am not an expert. I have been googling but have not found a definite answer.
Can someone explain if B2X is a 100% certainty on Nov 15. I am not an expert. I have been googling but have not found a definite answer.
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