Largest Bitcoin Exchange In China Condemns B2X

puremage111

hero member

Activity: 1568

Merit: 511

Quote from: nl247 on November 06, 2017, 04:56:12 AM

I woke up to this news just now as the CEO of OKCOIN, which so far is the largest cryptocurrency exchange in China, condemns B2X and publicly called it a shitcoin. I am not surprised though since the whole hand writing is on the wall. No sane user would want to support a coin that has posed an attack on decentralization and trying every means possible to cause a huge network issue through the fork by removing replay attack protection. That is extremely shady!

For more information on the news, you can read here;
https://coinvedi.com/chinas-largest-bitcoin-exchange-ceo-publicly-condemns-segwit2x/

Well, B2X has been lately getting tons of backlash compare to months ago. Segwit2x is now 83.7% based on https://coin.dance/blocks

Compare to months ago where its 9x%. But that is to prevent Bitcoin Unlimited imo. After BTU, Segwit2x has not been too well support by few of the major party

crptotrader007

full member

Activity: 292

Merit: 100

Quote from: nl247 on November 06, 2017, 04:56:12 AM

I woke up to this news just now as the CEO of OKCOIN, which so far is the largest cryptocurrency exchange in China, condemns B2X and publicly called it a shitcoin. I am not surprised though since the whole hand writing is on the wall. No sane user would want to support a coin that has posed an attack on decentralization and trying every means possible to cause a huge network issue through the fork by removing replay attack protection. That is extremely shady!

For more information on the news, you can read here;
https://coinvedi.com/chinas-largest-bitcoin-exchange-ceo-publicly-condemns-segwit2x/

The lack of replay protection has put our coins at stake. It is not at all safe to put the coins on exchanges or other similar services which don't give us the private keys of our wallets. What if they make a mistake and lose all our coins in the replay attack. They would obviously not care since it's our coins which will be lost. So it is completely risky to put our coins on Bittrex or other exchanges. The previous forks had replay protection and that is why it was safe to put the coins on exchanges. This time we will have to hold it in our wallets whose private key we own. Not to mention that B2X will be another forked shitcoin with low support from the community.

Seansky

hero member

Activity: 560

Merit: 500

Quote from: Tipstar on November 06, 2017, 07:06:29 AM

Quote from: HardFireMiner on November 06, 2017, 06:59:14 AM

The perfect moment to buy Bitcoin Cash has passed. Now it has also a great price, I still buy it.

B2X has the potential of a catastrophe, it would be a shame if we won't get advantage out of it.

It's not just a fork but will become a milestone moment whether positive or negative in bitcoin history.
And would play role in shaping the crypto world. Let's hope it to be positive.

It would just be a fork and it might be doomed to fail because it has more flaws when compared to the original bitcoin. It might temporarily solve the problem of slow transactions but like OP I think them not having a replay protection is shady and it is bound to cause problems later on. Although that is the case, I think this will be an important even in bitcoin history but it might not shape the future of cryptocurrency in general.

Tipstar

sr. member

Activity: 1932

Merit: 300

Vave.com - Crypto Casino

Quote from: HardFireMiner on November 06, 2017, 06:59:14 AM

The perfect moment to buy Bitcoin Cash has passed. Now it has also a great price, I still buy it.

B2X has the potential of a catastrophe, it would be a shame if we won't get advantage out of it.

It's not just a fork but will become a milestone moment whether positive or negative in bitcoin history.
And would play role in shaping the crypto world. Let's hope it to be positive.

HardFireMiner

full member

Activity: 872

Merit: 120

The perfect moment to buy Bitcoin Cash has passed. Now it has also a great price, I still buy it.

B2X has the potential of a catastrophe, it would be a shame if we won't get advantage out of it.

Cnut237

legendary

Activity: 1904

Merit: 1277

I'm very wary about the B2X fork. Yes we are getting a lot of dropping out from the NYA, but I think the issue is a long way from settled. This fork could really cause some major chaos. All I'm seeing is bitcoin price rising because people think it will be another bitcoin cash with free coins... but I think this one has the potential to be much more disruptive, with a genuine split rather than just the birth of another altcoin.

CodyAlfaridzi

hero member

Activity: 1708

Merit: 541

LOL, I gotta agree with him. Every day more parties are dropping the New York Agreement. B2X no doubt will be another shitcoin, joining a long shitcoin list of like Bitcoin XT, Bitcoin Classic, Bitcoin Unlimited, and Bitcoin Cash. To me, it's just another easy money moment.

Quote

given the support from the four major mining pools and large-scale bitcoin businesses including Coinbase ...

Does Coinbase support it? I found that they will list Segwit2X coin as B2X and the original chain stay as BTC and later decides that naming based on hashpower. Doesn't seems like totally supporting.

shandi albert

full member

Activity: 308

Merit: 101

FXPay.io

why there should be opposition ,,, because the attack in the nickname injure one party, on the other hand do attacks aimed at staying high and maintained.

That's what I got from the news above

tsaroz

legendary

Activity: 3094

Merit: 1069

I would consider anything that does not takes in a simple majority of bitcoin users to be an attack on bitcoin.
Segwit2x is bound to create problems and users should be much more cautions compared to other forks.
https://www.coindesk.com/opinion-segwit2x-doomed-fail/

asdlolciterquit

hero member

Activity: 1666

Merit: 565

attack on decentralization only because it have block of 2mb instead of 1? oh come on!
And how do you want to resolve the problem of the too expansive fee?

nl247

full member

Activity: 518

Merit: 145

I woke up to this news just now as the CEO of OKCOIN, which so far is the largest cryptocurrency exchange in China, condemns B2X and publicly called it a shitcoin. I am not surprised though since the whole hand writing is on the wall. No sane user would want to support a coin that has posed an attack on decentralization and trying every means possible to cause a huge network issue through the fork by removing replay attack protection. That is extremely shady!

For more information on the news, you can read here;
https://coinvedi.com/chinas-largest-bitcoin-exchange-ceo-publicly-condemns-segwit2x/

Topic: Largest Bitcoin Exchange In China Condemns B2X (Read 268 times)