We are in the the stage of the "battle of the Mining pools".
All big holders are working with selected miners to out maneuver each other.
Topic: [POLL] What do you think will happen with the segwit2x hardfork in November? (Read 482 times)
October 12, 2017, 04:13:09 AM
October 10, 2017, 10:34:50 AM
BT2 will be pretty worthless, even BCH has more value.
BT2 will be able to process twice as much transactions at a time, shouldn't be worthless
October 10, 2017, 02:28:24 AM
BT2 will be pretty worthless, even BCH has more value.
October 10, 2017, 02:25:30 AM
BT1 is the incumbent bitcoin blockchain, BT2 is the new segwit2x one.
I am expecting a similar situation like BCH. But it all comes down to the hashrate as said by squatter if the majority of the miners move to the 2x chain the transaction on the original chain will take time to get confirmed and people wouldn't want a slow network they would shift to 2x and its price will increase. But at least for now I think most of the miners will stay with the original chain. 
October 10, 2017, 02:20:34 AM
BT1 is the incumbent bitcoin blockchain, BT2 is the new segwit2x one.
It depends on hashrate. I hate to say it, as miners colluding to leave the original network feels coercive -- it deprives users of a vital good/service (transaction confirmations). So if, say, 90% of the miners indeed follow through with the NYA, I worry that many users will switch to the stronger chain just because they are scared to be on the minority chain or frustrated by high fees/lack of confirmations.
SPV wallets are a big issue right now with the lack of replay protection. That may change; it's apparently an open pull request right now on the BTC1 repo. I really think there are too many unknowns right now to make a good prediction.
October 10, 2017, 02:05:10 AM
In my opinion SegWit2x upgrades will not add enough value to out perform something like the Lightning Network and people will soon realize that. Simply increasing Block sizes are old school ideas to scale Bitcoin and bring nothing spectacular to the table. < Yes, some people might say Satoshi designed the protocol to scale that way, but should that be the only way to do it? >
Why should we follow old outdated strategies to scale Bitcoin, if there are new revolutionary and innovative ways to do it?
I think SegWit2x will get some support in the beginning < even if they have to buy support > but as soon as the Lighting Network is implemented, SegWit2x support will decline. < People will see the improved advantages of using scaling like the Lightning Network >
Why should we follow old outdated strategies to scale Bitcoin, if there are new revolutionary and innovative ways to do it?
I think SegWit2x will get some support in the beginning < even if they have to buy support > but as soon as the Lighting Network is implemented, SegWit2x support will decline. < People will see the improved advantages of using scaling like the Lightning Network >
October 10, 2017, 12:54:15 AM
if we end up with BT1 and BT2 instead of bitcoin (as in one and only) then the price of both coins will decline horribly.
forks need to have a pretty high majority support to happen. otherwise they are altcoins if they have small support (like the fork of bitcoin cash) or they kill bitcoin if it is something in the middle like 50-50 support.
that's is just my opinion though!
forks need to have a pretty high majority support to happen. otherwise they are altcoins if they have small support (like the fork of bitcoin cash) or they kill bitcoin if it is something in the middle like 50-50 support.
that's is just my opinion though!
This is what Bitfinex is calling the two coins in the case of a chain split - https://www.bitfinex.com/legal/cst/segwit2x
October 10, 2017, 12:31:16 AM
it is very hard to tell to be honest.
we all had an easy time predicting the bitcoin cash fork fate but this one is very different. SegWit2x was always the plan for about 4 months. they activated SegWit with it and want to go ahead with the second part of the same plan to activate 2x part now (2 MB hard fork?). if it gains the same 100% support of miners like SegWit i honestly can't say what will happen to bitcoin!
will the community switch to it? or will there be drama?
what if it gains less than 100%? something like 60 or 70%? things are scary in my opinion
we all had an easy time predicting the bitcoin cash fork fate but this one is very different. SegWit2x was always the plan for about 4 months. they activated SegWit with it and want to go ahead with the second part of the same plan to activate 2x part now (2 MB hard fork?). if it gains the same 100% support of miners like SegWit i honestly can't say what will happen to bitcoin!
will the community switch to it? or will there be drama?
what if it gains less than 100%? something like 60 or 70%? things are scary in my opinion
October 10, 2017, 12:03:38 AM
The Bitcoin hard fork will definitely bring a number of benefits. For one BT2 that you are referring to is going to be called Bitcoin Gold.
I assume that the original Bitcoin is going to retain its value (potentially even gain value because of its unique utility to create "dividends" from hard forks), and the hard forked version of Bitcoin will have similar but not quite as immense value as Bitcoin.
Also, to be honest, I do think Bitcoin Gold is going to be more valuable than Bitcoin Cash ever was thanks to Equihash GPU mining. The Second Hard Fork of Bitcoin aims to become the “World’s First Truly Decentralized Bitcoin”.
For comparison, Bitcoin Cash is approximately 12% of the current BTC price, which is still very valuable. Imagine if the new fork was even a small multiple of Bitcoin Vash.
I assume that the original Bitcoin is going to retain its value (potentially even gain value because of its unique utility to create "dividends" from hard forks), and the hard forked version of Bitcoin will have similar but not quite as immense value as Bitcoin.
Also, to be honest, I do think Bitcoin Gold is going to be more valuable than Bitcoin Cash ever was thanks to Equihash GPU mining. The Second Hard Fork of Bitcoin aims to become the “World’s First Truly Decentralized Bitcoin”.
For comparison, Bitcoin Cash is approximately 12% of the current BTC price, which is still very valuable. Imagine if the new fork was even a small multiple of Bitcoin Vash.
Dear, I think Bitcoin Gold which fork at 25Oct17. Existing bitcoin holder will be credited with the same amount of Bitcoin Gold on 1Nov17. But Segwit2 is different one which occur at mid Nov and the content is quite different with bitcoin gold.
here is an article to talk about sigwit2 https://99bitcoins.com/who-supports-segwit2x-the-new-york-agreement-and-the-upcoming-bitcoin-fork-explained/
Be cautious about reply attack, you need some manual steps when transfer btc.
October 10, 2017, 12:00:05 AM
well, I tend to choose according to my expectations. semiga segwit next can bring positive impact. not tepancing with mass panic again and more wise in making decisions.
October 09, 2017, 11:54:50 PM
Personally I do not support BT2. It is too rush, the back company may have different opinion or maybe some miners could support it.
However the BT1 will always be BTC, and someday will have the same technical advantage as any new altcoin.
However the BT1 will always be BTC, and someday will have the same technical advantage as any new altcoin.
October 09, 2017, 11:51:02 PM
The Bitcoin hard fork will definitely bring a number of benefits. For one BT2 that you are referring to is going to be called Bitcoin Gold.
I assume that the original Bitcoin is going to retain its value (potentially even gain value because of its unique utility to create "dividends" from hard forks), and the hard forked version of Bitcoin will have similar but not quite as immense value as Bitcoin.
Also, to be honest, I do think Bitcoin Gold is going to be more valuable than Bitcoin Cash ever was thanks to Equihash GPU mining. The Second Hard Fork of Bitcoin aims to become the “World’s First Truly Decentralized Bitcoin”.
For comparison, Bitcoin Cash is approximately 12% of the current BTC price, which is still very valuable. Imagine if the new fork was even a small multiple of Bitcoin Vash.
I assume that the original Bitcoin is going to retain its value (potentially even gain value because of its unique utility to create "dividends" from hard forks), and the hard forked version of Bitcoin will have similar but not quite as immense value as Bitcoin.
Also, to be honest, I do think Bitcoin Gold is going to be more valuable than Bitcoin Cash ever was thanks to Equihash GPU mining. The Second Hard Fork of Bitcoin aims to become the “World’s First Truly Decentralized Bitcoin”.
For comparison, Bitcoin Cash is approximately 12% of the current BTC price, which is still very valuable. Imagine if the new fork was even a small multiple of Bitcoin Vash.
October 09, 2017, 11:40:38 PM
I think BT1 will continue rising and BT2 will just become another altcoin, probably worth much lower than BCH even. But the market may react otherwise as already is showing with high current price of BTC in anticipation for freebies in terms of new BT2 tokens
October 09, 2017, 11:31:38 PM
if we end up with BT1 and BT2 instead of bitcoin (as in one and only) then the price of both coins will decline horribly.
forks need to have a pretty high majority support to happen. otherwise they are altcoins if they have small support (like the fork of bitcoin cash) or they kill bitcoin if it is something in the middle like 50-50 support.
that's is just my opinion though!
forks need to have a pretty high majority support to happen. otherwise they are altcoins if they have small support (like the fork of bitcoin cash) or they kill bitcoin if it is something in the middle like 50-50 support.
that's is just my opinion though!
October 09, 2017, 11:30:51 PM
Well I hope the price of BTC that we're holding right now, does'nt fall after the fork happens, after hitting such an all time high.
October 09, 2017, 11:28:09 PM
but if BT1 and BT2 is the same client, i believe they are the same, unless it would be like what bitcoin cash has done of splitting.
October 09, 2017, 11:19:49 PM
BT1 is the incumbent bitcoin blockchain, BT2 is the new segwit2x one.
I believe the bitcoin hardfork will benefit all of us. Be it as you call bt1 or bt2, bitcoin will rise as a whole. As of the moment, bitcoin price is nearing the target price of 5,000 come the 25th of october and maybe increase even more after that.
October 09, 2017, 10:50:25 PM
BT1 is the incumbent bitcoin blockchain, BT2 is the new segwit2x one.
Jump to: