Topic: Segwit2X Cancelled (Read 4233 times)

Well, this sucks
I stopped trading one week ago waiting for this fork to happen and I missed a lot of good opportunities
I wasn't even online these last few days because I didn't want to be tempted to spend or trade
This sucks big time 

The segwit2x is cancelled but the price of bitcoin is still on the top and i think that the effect of cancellation is good for bitcoin and i think that the rally for the price of bitcoin is ready for another bull run and this time we need to be ready for the price to reach from 8,000 - 9,000 USD before this year ends because that is a very easy goal to reach if we will base it on the happenings right now.

what is this nonsense about then?

https://bitcoin2x.org/en/

is this a total hoax, or are these people simply terminally hysterical?

Presently it's goin' down

For all the investor that already invest with bitcoin for they are expecting the segwit2x definitely this is not a good news. But probably bitcoin will surely rise whatever happen.

Segwit2X has been cancelled.

https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html

The Segwit2x effort began in May with a simple purpose:  to increase the
blocksize and improve Bitcoin scalability. At the time, the Bitcoin
community was in crisis after nearly 3 years of heavy debate, and consensus
for Segwit seemed like a distant mirage with only 30% support among miners.
Segwit2x found its first success in August, as it broke the deadlock and
quickly led to Segwit’s successful activation. Since that time, the team
shifted its efforts to phase two of the project - a 2MB blocksize increase.

Our goal has always been a smooth upgrade for Bitcoin.  Although we
strongly believe in the need for a larger blocksize, there is something we
believe is even more important: keeping the community together.
Unfortunately, it is clear that we have not built sufficient consensus for
a clean blocksize upgrade at this time. Continuing on the current path
could divide the community and be a setback to Bitcoin’s growth. This was
never the goal of Segwit2x.

As fees rise on the blockchain, we believe it will eventually become
obvious that on-chain capacity increases are necessary. When that happens,
we hope the community will come together and find a solution, possibly with
a blocksize increase. Until then, we are suspending our plans for the
upcoming 2MB upgrade.

We want to thank everyone that contributed constructively to Segwit2x,
whether you were in favor or against. Your efforts are what makes Bitcoin
great. Bitcoin remains the greatest form of money mankind has ever seen,
and we remain dedicated to protecting and fostering its growth worldwide.


Mike Belshe, Wences Casares, Jihan Wu, Jeff Garzik, Peter Smith and Erik
Voorhees

--


*Mike Belshe*
*CEO, BitGo, Inc*

It seems that stopping Segwit2x caused Bitcoin to increase again because some people did not agree to go back to Bitcoin. Many people do not agree with it because the development may increase fees even though the transaction time may be down. But raising fees is unacceptable

Yep, just saw this after checking the price, it was $7700 at the moment i saw the article, and as I type this, its $7877. I'm not sure what's happening but i'm gonna wait a few more hours after the dust settles. I have SO many questions in my mind right now that i don't know where to start. All I can say is: this is going to be fun.

not according to this thread here https://bitcointalksearch.org/topic/--2382274

A lot of people are expecting the segwit2x but eventually it has been cancelled. Let us all wait for the upcoming event. I hope this will never happen again.

Thats not a good thing, thats really terrible for people who purchased bitcoin at high price, I am sure in few hours bitcoin will be dumped and alts will rise. I am not aganist alt rising price but seriously why they cancelled the segwit2x just before a week?

Hi buddy,
It has been cancelled..