Segwit2X Hardfork cancelled/postponed

kyanscadiel

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Quote from: bifle on November 08, 2017, 12:59:34 PM

Already mentionned in the BTC/USD observer topic, but can be usefull to be repeated...

Source :
https://www.coindesk.com/2x-called-off-bitcoin-hard-fork-suspended-lack-consensus/

hard fork being cancelled is good news to the bitcoin community because it brings chaos and tension to the community. But I think issues will be resolved and they will still launch the Segwit2x but not anytime soon.

Kloug

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Quote from: HeRetiK on November 12, 2017, 11:24:59 AM

What makes you think that B2X would "push back BCH for good"?

well, they would all come back to BTC to get their free coins. And then yes, shit would happen again.. but at least the free coin would compensate for it/give a real choice to every BTC owner, including recent ones.

HeRetiK

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Quote from: Kloug on November 12, 2017, 08:40:33 AM

I hate to say that but wouldn't it be a good thing right now if B2X was really coming next week?

It would push back that BCH for good, bring up the BTC quickly, and AT LEAST let people decide which one they wanna keep. B2X was less an attack than this BCH, everyone would have been given one, BCH doesn't apply to newcomers.

A B2X hardfork may still happen, albeit at a much smaller scale.

What makes you think that B2X would "push back BCH for good"? Just because the B2X cancellation apparently played into the pump doesn't mean that putting B2X back on the menu would bring BCH back down again.

Additionally there's no need to "push back BCH" as either a) its recent increase is just price manipulation that will quickly subside or b) the market indeed decided to replace BTC with BCH. Or as you put it, BCH "let's people decide which one they wanna keep".

The BCH fork was reckless, but compared to B2X it was fairly sane in that they implemented full replay protection. BCH more or less willingly took the way of an alt, B2X strove to forcefully "upgrade" BTC, not just fork it.

Kloug

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I hate to say that but wouldn't it be a good thing right now if B2X was really coming next week?

It would push back that BCH for good, bring up the BTC quickly, and AT LEAST let people decide which one they wanna keep. B2X was less an attack than this BCH, everyone would have been given one, BCH doesn't apply to newcomers.

bitbunnny

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Quote from: ImHash on November 10, 2017, 11:52:47 AM

Please don't cancel it, We need some new and free bitcoins Cheesy

We bought and pumped the price by 60% for what? This is a good thing to fork bitcoin every few month, It is helping to pump the price.

Exactly this is wrong. Forks are becoming just the tool for price manipulation and speculation but without any necessity. On long term this can’t do anything good for the Bitcoin, just the opposite, it can make some serious damage and it’s very bad for Bitcoin reputation and the trust that users have in it.

Hishadinin

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make news now talk about they back to work and have site

ImHash

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Please don't cancel it, We need some new and free bitcoins Cheesy

We bought and pumped the price by 60% for what? This is a good thing to fork bitcoin every few month, It is helping to pump the price.

audaciousbeing

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Quote from: bifle on November 08, 2017, 12:59:34 PM

Already mentionned in the BTC/USD observer topic, but can be usefull to be repeated...

Source :
https://www.coindesk.com/2x-called-off-bitcoin-hard-fork-suspended-lack-consensus/

The issue of suspension is just a way to save face or a form of soft landing in other not to look bad in the face of the community. Even here, I have not seen a campaign that is suspended that came back to life rather it would close, then start again when need be. The argument of consensus is something I found lame for them because even the earlier forks that have happened, there were never a full consensus and they all did what they wanted to do and we still have them till date. Whether they live up to expectation or not will be another subject of discussion.

HeRetiK

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Quote from: Teraboy on November 08, 2017, 11:17:30 PM

I just heard about the rumour of the bitcoin silver, i don't know where is it from but it seems a lot of people are talking about that right now.
Bitcoingold worth nothing now rather than a coin and i'd liked to call that as another trash. But if the recent announcement of the delay of the b2x fork means if that was getting cancel or not?
I still don't understand about the truth.

The B2X fork appears to have been cancelled. However I wouldn't be surprised SegWit2x came up again in the future, possibly with slight changes and under a new name.

Quote from: buwaytress on November 09, 2017, 12:31:11 PM

Yeah, this post made me curious enough to try to search online for possible/planned Bitcoin forks. Didn't find any except these really crazy one: Bitcoin Silver at https://bitcointalksearch.org/topic/bitcoin-silver-make-bitcoin-decentralized-again-2311582 ... gotta be a troll without a website and BTG rip off. I even found a plan to fork off Bitcoin Cash, which is not even funny as a joke anymore.

Gotta say that some people felt these hard forks business would only embolden others to try the same, in search for a quick buck. As laughable as Bitcoin Gold ended up to be, a lot of Bitcoin holders still made money from future trading. Even a 5% instant sell-off profit is not something to laugh at.

A lot of Bitcoin holders also lost a lot of money on B2X and BTG futures trading. I hope people learned their lessons about trading futures for a currency that is not even there yet. Just because it went well once -- with BCH -- doesn't mean that it will work out with other hardforks as well.

About the BCH fork: The way I understood it the upcoming BCH hardfork is only about fixing the EDA mess they are in, which means there shouldn't be any contention on which fork to use. But maybe there's another hardfork as well, who knows nowadays.

ChainSmoker

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It's very good news IMHO.I am happy about this decision.I don't care about the free money or profit that bitcoin hodlers can get due to fork(including me).I care more about the reuptation and image of bitcoin in the public and media and when the community is divided because of the hard fork,it's never a good thing.

buwaytress

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Quote from: HeRetiK on November 08, 2017, 08:12:50 PM

Seriously, there's hardforks scheduled for December and January? At this rate splitting fork coins soon won't be worth the effort anymore. People already hardly cared about Bitcoin Gold, I don't think any of the other junk forks are going to get far either. BCH and B2X at least had some sort of community support, but now it's just getting silly.

Yeah, this post made me curious enough to try to search online for possible/planned Bitcoin forks. Didn't find any except these really crazy one: Bitcoin Silver at https://bitcointalksearch.org/topic/bitcoin-silver-make-bitcoin-decentralized-again-2311582 ... gotta be a troll without a website and BTG rip off. I even found a plan to fork off Bitcoin Cash, which is not even funny as a joke anymore.

Gotta say that some people felt these hard forks business would only embolden others to try the same, in search for a quick buck. As laughable as Bitcoin Gold ended up to be, a lot of Bitcoin holders still made money from future trading. Even a 5% instant sell-off profit is not something to laugh at.

Torque

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Quote from: warrior333 on November 09, 2017, 11:52:59 AM

Quote from: Torque on November 09, 2017, 10:38:04 AM

Delaying a contentious fork instead of canceling it (in the face of overwhelming lack of user support and total disgust) would be proof positive that these forks are being used as a FUD generator. That is all.

They need Bitcoin to have constant fake boogeyman, strawman threats for the FUD factor. It's the only way for them to create FUD on some arbitrary future date and thus introduce market volatility.

I am ready to support you in the previous forks. But for segwit2x I do not support you. It's not FUD. It is a necessity.

You are wrong. Not only is it NOT a necessity, but the economic majority of users didn't even ask for it and don't want it. It has no support from devs, wallets, brokers, exchanges, merchants, and other service providers. The lone wolf developer on the project bailed, so there is no one to even support it.

Just because YOU (a lone anonymous account) think is a necessity means all jack shit.

warrior333

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Quote from: Torque on November 09, 2017, 10:38:04 AM

Delaying a contentious fork instead of canceling it (in the face of overwhelming lack of user support and total disgust) would be proof positive that these forks are being used as a FUD generator. That is all.

They need Bitcoin to have constant fake boogeyman, strawman threats for the FUD factor. It's the only way for them to create FUD on some arbitrary future date and thus introduce market volatility.

I am ready to support you in the previous forks. But for segwit2x I do not support you. It's not FUD. It is a necessity. As bitcoin popularity grows we will have more time to wait for confirmation of the translation. In such circumstances, to develop trade? Without trade, bitcoin will never be held as currency. Segwit2x only postponed. Now it is very important that it occurred with the consent of all parties. In the end, everyone will benefit from it.

Quietman

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Quote from: xypos on November 09, 2017, 04:19:53 AM

Quote from: bifle on November 08, 2017, 12:59:34 PM

Already mentionned in the BTC/USD observer topic, but can be usefull to be repeated...

Source :
https://www.coindesk.com/2x-called-off-bitcoin-hard-fork-suspended-lack-consensus/

Yep and this news has had a major impact in the current bull run of altcoins and also bitcoin before a dump off. I really would expect the price of bitcoin to climb once again since now it is seen as one unified coin again.

It'll be extremely interesting to see how the price reacts to when segwit2x gets reannounced.

They're saying that it's just postponed, so not entirely cancelled.

It was postponed but it would still be implemented. Maybe there are some preparations being made for that fork and the segwit2x are gaining support from the community to full maximize the HF. And there are so many rumors of coming fork this december that will be making bitcoin silver.

I believe so that there will be pump again in the price of bitcoin. So hodl and trust bitcoin.

Torque

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Delaying a contentious fork instead of canceling it (in the face of overwhelming lack of user support and total disgust) would be proof positive that these forks are being used as a FUD generator. That is all.

They need Bitcoin to have constant fake boogeyman, strawman threats for the FUD factor. It's the only way for them to create FUD on some arbitrary future date and thus introduce market volatility.

Denker

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Quote from: barota on November 09, 2017, 10:16:10 AM

People bought bitcoin for receive free Segwit2X . When people heard Segwit2X cancelled They dump their bitcoin , i dont know if This decision will affect prices in the future?

I don't think the crowd who just bought BTC to get the free B2Xcoin was that big.
Bitcoin still is around $7200 on an average.However we may go down even more the next couple of days to cool down and reset all important indicators.
But sure after this fork issue is off the table now, there is clarity in the space again and therefore of course the alts are pumping.
And there may be other forks coming. Bitcoin Silver and Bitcoin Resilience or just two I heard of. Cheesy

barota

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People bought bitcoin for receive free Segwit2X . When people heard Segwit2X cancelled They dump their bitcoin , i dont know if This decision will affect prices in the future?

DaMut

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i do not think it will be cancelled because we need this(probably,because in my opinion it has its own use),
they said they do not want to divide the community because of the hardfork,but in the end this thing will be happen.
in other word they're delaying it again for future,
they did it just to make people stop arguing,fudding and something like that which is not a good sign for Bitcoin growth.
if they keep forcing it,we will see a differences in Bitcoin community view and support.
i believe there'll be a time for this thing when we're openly accept it because we need it but of course with more development behind it.
the most important thing is the community,it's decentralized thing and need the community to grow it and run it.

Flor1982

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Quote from: Anthony1985 on November 09, 2017, 05:06:40 AM

Best news ever,I really hope it won’t happen!

I don't see the good thing of postponement because for me the benefits of fork is to reduce the traffic situation in the blockchain in which it will also reduce the service fees as well specially that more transactions will be created in the future because many will going to join the bitcoin investments that may results to more additional traffic in the blockchain and that is why it is necessary to increase block size for the smooth transactions in the future.

Wilhelm

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Hardforks is the new Shit-Coin pump 'n dump

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