Topic: quick question on SegWit2X (Read 246 times)
Wrong section to ask., but check this out https://99bitcoins.com/who-supports-segwit2x-the-new-york-agreement-and-the-upcoming-bitcoin-fork-explained/
I know a little about Bitcoin and I've heard a lot of rumors of how SegWit2x is going to ruin the value/reputation of the Bitcoin and the market/investing stuff, but what is its direct impact on my Bitcoin?
There are a lot of ways to see SegWit2x and how can it be bad or good.Some reasons why the fork is bad:
- It is a hardfork, so there is a risk of a permanent fork.
- It is a blocksize increase, so less people will be able to store the whole blockchain.
- Core is not in favour of a blocksize increase.
- The 2x is pushed by miners, who were not supposed to be able to control the protocol.
(source)
I figured I get free Bitcoin Gold in the Oct 25 but I have no idea what stuff I get from SegWit2x. Do I get double the amount of Bitcoin?
If you have X Bitcoins before the fork, after it happens you will also have the same amount in the other chain.Example: If you have 1 Bitcoin, after the Bitcoin Gold fork you will have 1 BTC and 1 BTG. The same also happens with SegWit2X. If you have 1 BTC, you will also have 1 B2X in its chain;
If SegWit2x gets activated then your benefit would be lower transaction fees and faster transaction confirmations. SegWit2x aims to up the amount of data carried per block (up from 1mB to 2mB) to allow more transactions to be carried by each block.
Whether or not it gets implemented is a different story and its effect on the BTC price is yet to be seen.
Just make sure that your coins are held in a wallet that you have full access to the private keys and you'll be fine.
Whether or not it gets implemented is a different story and its effect on the BTC price is yet to be seen.
Just make sure that your coins are held in a wallet that you have full access to the private keys and you'll be fine.
I know a little about Bitcoin and I've heard a lot of rumors of how SegWit2x is going to ruin the value/reputation of the Bitcoin and the market/investing stuff, but what is its direct impact on my Bitcoin? I figured I get free Bitcoin Gold in the Oct 25 but I have no idea what stuff I get from SegWit2x. Do I get double the amount of Bitcoin?
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