Topic: #NO2X - JOIN THE WAR! - page 2. (Read 5272 times)

At this point, I'm just having fun and enjoying the show. I've always been adamantly against contentious forks, but I have no fight left in me after the July drama. Whatever happens will happen. The November fork is definitely creating uncertainty and setting up a situation where the balance should tip in favor of the bears. I'm fortunate enough to have made a living trading BTC during the 2014 bear market, so I'll be alright no matter what happens. I'm confident that I can hedge my long term positions better than most.

As for #NO2X, I really think the 2X fork is in some way karmic retribution for the August 1st fork split threat. The BIP148/NO2X side implemented an incompatible fork (BIP148) on a 2-month timeline with no replay protection and no widespread agreement. Now, the 2X side is implementing an incompatible fork on a 3-month timeline with no replay protection and no widespread agreement.

Hearing complaints from the same people that backed BIP148 sure sounds like the pot calling the kettle black. Anyone who supported BIP148 despite its rushed timeline and lack of support from Core -- yet disparages 2X for the same reasons -- is a hypocrite. That's the plain truth. Did Segwit have widespread support -- much more than 2X? Yes! But that's 100% irrelevant here and completely ignores the risks of UASFs that lack user support. Given all the hypocrisy, I'm actually enjoying watching the #NO2X crowd bitch and moan. They been looking real salty lately.

As a neutral, I just hate all these powergrabs, but it's understandable as so much are at stake. There will be for sure a brutal fight in November. The name fight might be over in a month but the damage to the crytomarket and trust will last for a long time.

I think people are reading way too much into Jeff Garzik's Metronome project. Jeff has been heading in this direction for a long time, and I also never thought for a moment that he was spending much time/effort on BTC1. That was one of the downfalls of the 2x approach. They simply don't appear competent or, frankly, concerned for user safety.

Jeff exhibits a nonchalance that suggests that he is perfectly fine with consensus-breaking bugs emerging on the Bitcoin network. The way he sees it: at best, they can turn Bitcoin's governance into something like what Ethereum has (proof-of-Vitalik) and at worst, he can just hop onto an altcoin train. In fact, that's Metronome's selling point.....

Given that Gemini and Coinbase just doubled down in support of the NYA, I wouldn't write it off just yet.

Good argument points although Bitmex, Bitfinex, Coincheck, Bithumb, Bittrex, Quoinexchange these are the biggest exchanges(volume-wise) and they are not the signees of the agreement.

From the exchange company point switching to S2X is just doesn't make sense(unless mining power shifts and legacy chain gets distrupted)

So, basically I would say the most important argument point here are the blocks.

If the %85 of the mining power shifts to S2X, even Bitcoin gets support from all users and exchanges, we all will have hard time. We are talking about finding one block a day kind of a problem. Where avg. daily tx number is 300.000.


Possible scenarios;

1. %85-%90 of the mining power will shift, legacy chain will get distruped, every exchange will be forced to use S2X.
2. %85-%90 of the mining power will shift to S2X but %90 of that portion will be replaced quickly.
3. Miners will mine at loss just to distrup the legacy chain, no matter the cost.
4. Miners will play let's-wait-and-see card. S2X will fail and mining power will stay at legacy chain.

Considering Garzik, he already moved on to another coin to create an ICO, I would say it's a failure already. I would put my money to fourth option.

No matter how you put it , this is just a battle for greed. It is just the start of the system coruption...everyone wants to benefit and to suck as much as they cand from the industry. Either way, both camps are manipulating the comunities and which one will win will also get a shit tone of money...while morons like us keep fighting on forums!

after some shocking reading find that 2x is hijack attempt

Prediction of markets is most complex task - I'd say nobody can do this.

My analysis would be: Look where the buying power is after the fork and where the momentum + trend is negative / positive - measured from last local top / bottom.

You need to look at political trades (short term) and mass traders (long term).

If you look at the limited group still supporting SW1x (NO2x) - I'd say I cannot see much buy power LEFT - these are mostly all in per today.

How many (agnostic) millions will be 'directed' by NYA entities to flow in fresh capital ?

Looks like easy math and I'd bet that 1x coin will fall in txs/min  and price in a sudden .... but sure,  beware of any predictions!

I am nervous myself about this upcoming fork. I was not aware about Gemini's announcement. This fork really has a potential to be one big hot mess. A drop in price to $5300 wouldn't be too bad, I think that's still a decent price. I would take even $4000. As long as there isn't too much disruption. If the 85% miners signalling 2x keep their word. Then Core would be in a lot of trouble. While word is that miners are only after money, do you think after the fork they would help mine the Core chain like they did with Bitcoin Cash? What do you think? Somehow I do have my doubt. Also about what you said as the long route you would go about to determine which chain is BTC. Don't you think that would disadvantage NO2X supporters. I'm just thinking that the most vocal ones admit to not using bitcoin much. Hence they don't see a problem with the high transaction fees?

https://blog.bitmex.com/trading-shitcoin2x/#at-fork-time

He who sells first, sells best.

2X price will be worse than Cash, no one even going to pick it up. Just because of BTC/BCH price, Bitmain still has to mine Bitcoin. If BCH > BTC, they would be mining BCH.

Same thing goes for this scenario. Miners is not going to mine at loss.

I actually dont know what is happening right now in bitcoin. I should search and study more about it. I have small amount of btc in polo, I heard coins.ph is supporting segwit2x. What will be the changes if it happened? Any advantages and disadvantages will happen after the fork? Im slightly nervous now and im just hoping that there will be no more big changes

Gemini also made the same statement earlier today. That's the two most reputable US exchanges, with Coinbase being the largest by volume. With Blockchain.info and Xapo following the same policy, I have to admit, I'm feeling a bit nervous about the fork.

And I think that the markets reflected that with the dump into the $5300s. With the double top structure we have, I wouldn't be surprised at all if the market dumps into the November fork, given all the fundamental uncertainty it brings. Meanwhile, 85% of hashpower is still signalling for 2x.

It's crazy how that goes. Yesterday, after Coinbase's blog, everyone said "that's the nail in the coffin for 2x." Today, it feels like we've gone 180 degrees.

Unocoin will not support 2x trading and will continue to list the real Bitcoin as BTC: https://news.unocoin.com/?p=796.
Israeli Bitcoin Association: Segwit2x != Bitcoin: https://bitcoin.org.il/files/IBA_Statement_Segwit2x.pdf.

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Where's that "majority support" that the corrupt mr. Garzik was talking about?

It looks like the No2X celebrations from the Coinbase statement were short lived. They have just clarified their statement. The new statement reads," We are going to call the chain with the most accumulated difficulty Bitcoin". I guess they are going to start recieving hate mail because we all know what that means. Lol. I'm really enjoying this circus.

Kore Minions are in for a surprise:

http://www.trustnodes.com/2017/10/24/bitcoin-fork-may-go


It is miners alone that create blocks and process transactions, with other nodes verifying the process. As such, with 15% of the hashrate, blocks on the minority chain will be very rare, averaging around 1 every two hours, but with variance it may be even a whole day without blocks.

It’s unclear how the market would react to that situation considering that at least for Coinbase this would be bitcoin itself so operating on very rare blocks.

*If* they don't trick the users, no one will use Garzik's buggy, shitty corporate 2X.

Which, most of the time core devs saved his ass, in fact helped him to improve to code.

Don't even trip Garzik. You forked core version. Lazy ass.

Somewhere about 99% of the current user base is against this fork, I'd estimate. I have yet to meet a single, normal, Bitcoin user that told me something in the lines of "I understand Segwit et. al. and I support 2x". Don't get bamboozled by r/btc and their shills on Bitcointalk.

"If the #Segwit2x change is accepted by most users, we may choose to rename these blockchains at a later date."

another trial hold on and support the btc winning again the strongest cryptocurrency as first decentralised currency i believe all of this the favor goes to bitcoin majority supporters, no one can control bitcoin as currency in the cryptoworld.

Don't forget this one: The only 2x developer Garzik launches his own premined shitcoin: https://www.reddit.com/r/Bitcoin/comments/78cw0a/2x_dev_jeff_garzik_launches_his_own_shitcoin/.

Coinbase: "Following the fork, Coinbase will continue referring to the current bitcoin blockchain as Bitcoin (BTC) and the forked blockchain as Bitcoin2x (B2X)."

Source: https://support.coinbase.com/customer/portal/articles/2892985-segwit-2x-faq

Funny how tables turned now. History is not going to forget this hijack attempt.