Topic: Segwit2x is dead, long live Bitcoin (Read 4540 times)
Bitcoin remains the king of all cryptocurrencies much as they try much as they will fall. We are heading beyond $20,000 after all market sentiments that warrants the retracing that was noted in BTC movement.
It is unfortunate it needed so much time to realize but at least Segwit 2x did when they did and now they gave up and went home weee. Amen long live the one and only true king!! BTC hail you we do !
Is it not quite obvoius that Bitcoin is in dire need of a update?
As i understand it bitcoin can only handle 2000 transactions every 10minutes, Globaly. This sounds like a very low amount. I imagine a future where i got a Visa card with bitcoins. In that future there must be like 1 miljon transactions every 10mintues.
Already now we have a problem with transactions, if segwit2x where implementet, it would only raise the cap to 4000, which only would of solved the problem for a short period.
What's the plan to fix this? How could there be a future for bitcoin if this is not fixed? Im currently invested with 2BTC, and for me this is the biggest worry for bitcoin.
The plan is LN https://lightning.network/ Which will be ready soon™ As i understand it bitcoin can only handle 2000 transactions every 10minutes, Globaly. This sounds like a very low amount. I imagine a future where i got a Visa card with bitcoins. In that future there must be like 1 miljon transactions every 10mintues.
Already now we have a problem with transactions, if segwit2x where implementet, it would only raise the cap to 4000, which only would of solved the problem for a short period.
What's the plan to fix this? How could there be a future for bitcoin if this is not fixed? Im currently invested with 2BTC, and for me this is the biggest worry for bitcoin.
It will make big blockers look like relics of a forgotten past.
Changes like these take time and testing you don't want to rush things when you're dealing with something that hold billions of people's dollars.
a) Signature aggregation + Schnorr.
b) Sidechains.
c) Lightning Network
d) Minor block size increase coupled with a hard fork that fixes some old bugs and makes optimizations where possible.
e) Weak blocks.
f) Other various improvements to come.
A normal block size before any of these is just a bad joke and a huge sign of incompetence. This shouldn't be surprising to anyone as Gavin, Jeff, Thomas nor Peter do not even have comparable skills to the Bitcoin Core developers and could never come up with something as sig. aggregation (note: This will give us more transactions per block using the same resources).
Bitcoin can already process a lot more than it is doing. Whilst the recommended fee-rate was 500-750 satoshi/byte for normal transaction, my Segwit transactions went into the next block with a fee-rate of 150 satoshi/byte or lower.
Is it not quite obvoius that Bitcoin is in dire need of a update?
As i understand it bitcoin can only handle 2000 transactions every 10minutes, Globaly. This sounds like a very low amount. I imagine a future where i got a Visa card with bitcoins. In that future there must be like 1 miljon transactions every 10mintues.
Already now we have a problem with transactions, if segwit2x where implementet, it would only raise the cap to 4000, which only would of solved the problem for a short period.
What's the plan to fix this? How could there be a future for bitcoin if this is not fixed? Im currently invested with 2BTC, and for me this is the biggest worry for bitcoin.
The plan is LN https://lightning.network/ Which will be ready soon™ As i understand it bitcoin can only handle 2000 transactions every 10minutes, Globaly. This sounds like a very low amount. I imagine a future where i got a Visa card with bitcoins. In that future there must be like 1 miljon transactions every 10mintues.
Already now we have a problem with transactions, if segwit2x where implementet, it would only raise the cap to 4000, which only would of solved the problem for a short period.
What's the plan to fix this? How could there be a future for bitcoin if this is not fixed? Im currently invested with 2BTC, and for me this is the biggest worry for bitcoin.
It will make big blockers look like relics of a forgotten past.
Changes like these take time and testing you don't want to rush things when you're dealing with something that hold billions of people's dollars.
This seems great and a much better solution then segwit2x! Thanks!
Really hope that another big blockers attacks occur again, and bitcoin stays strong. GOOD NEWS
Is it not quite obvoius that Bitcoin is in dire need of a update?
As i understand it bitcoin can only handle 2000 transactions every 10minutes, Globaly. This sounds like a very low amount. I imagine a future where i got a Visa card with bitcoins. In that future there must be like 1 miljon transactions every 10mintues.
Already now we have a problem with transactions, if segwit2x where implementet, it would only raise the cap to 4000, which only would of solved the problem for a short period.
What's the plan to fix this? How could there be a future for bitcoin if this is not fixed? Im currently invested with 2BTC, and for me this is the biggest worry for bitcoin.
The plan is LN https://lightning.network/ Which will be ready soon™ As i understand it bitcoin can only handle 2000 transactions every 10minutes, Globaly. This sounds like a very low amount. I imagine a future where i got a Visa card with bitcoins. In that future there must be like 1 miljon transactions every 10mintues.
Already now we have a problem with transactions, if segwit2x where implementet, it would only raise the cap to 4000, which only would of solved the problem for a short period.
What's the plan to fix this? How could there be a future for bitcoin if this is not fixed? Im currently invested with 2BTC, and for me this is the biggest worry for bitcoin.
It will make big blockers look like relics of a forgotten past.
Changes like these take time and testing you don't want to rush things when you're dealing with something that hold billions of people's dollars.
Is it not quite obvoius that Bitcoin is in dire need of a update?
As i understand it bitcoin can only handle 2000 transactions every 10minutes, Globaly. This sounds like a very low amount. I imagine a future where i got a Visa card with bitcoins. In that future there must be like 1 miljon transactions every 10mintues.
Already now we have a problem with transactions, if segwit2x where implementet, it would only raise the cap to 4000, which only would of solved the problem for a short period.
What's the plan to fix this? How could there be a future for bitcoin if this is not fixed? Im currently invested with 2BTC, and for me this is the biggest worry for bitcoin.
As i understand it bitcoin can only handle 2000 transactions every 10minutes, Globaly. This sounds like a very low amount. I imagine a future where i got a Visa card with bitcoins. In that future there must be like 1 miljon transactions every 10mintues.
Already now we have a problem with transactions, if segwit2x where implementet, it would only raise the cap to 4000, which only would of solved the problem for a short period.
What's the plan to fix this? How could there be a future for bitcoin if this is not fixed? Im currently invested with 2BTC, and for me this is the biggest worry for bitcoin.
Good to see that Bitcoin has managed to cross this obstacle, it's a great sign for the future if governments and other entities start throwing it under the bus. The team behind 2x was very irresponsible throughout the entire thing.. Even canceling it just a few days before it actually happened was shady as heck.
Now we wait and hope we get some scaling solutions in the very near future, with consensus.
They knew it well that bitcoin is progressing with high speed, people are favoring it and are getting more into bitcoin and trying to make money with it so that they can secure their future, they need some time to come with new plans and push bitcoin down, but it won't happen in my view because people are not going to leave bitcoin now no matter what happens Now we wait and hope we get some scaling solutions in the very near future, with consensus.
Advocates for a bitcoin hard fork have now decided to cancel plans for the so-called SegWit2x fork. The bitcoin block chain was supposed to split into two block chains in roughly 8 days. But it looks like SegWit2x backers couldn’t convince enough people in the bitcoin community to make the SegWit2x block chain the new mainstream bitcoin block chain. SegWit2x will therefore not activate Nov. 16 as planned, Belshe isn't naming a possible future date. “Our goal has always been a smooth upgrade for Bitcoin. Although we strongly believe in the need for a larger block size, 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.”
Yes, they are fucked, because they're stupid greedy cunts, fuck them.
Harsh but fair.-snip-
Very nice. I've added it to first post.The 2x software is already out there in the wild. So the fork will definitely occur. It's just that nobody is likely to pay attention to it nor care -- it's not backed by the major businesses that were pushing it before, nor Bitmain.
That doesn't matter; the same how BTG doesn't matter, but is just noise (the difference being that BTG has a scam premine of theirs).That right there takes all its market value away. For all we know, there may be so little hash power mining the 2x chain that no block will ever be found on its network.
At this time it is hard to say. e.g. btc.com is still signalling support even though Jihan owns them and Antpool stopped signalling. We should wait a few more days before making more accurate predictions. 
If I am not wrong, a number of the major crypto-exchanges were allowing futures trading of B2X coins. What will happen to these trades and traders? B2X (futures) was trading at around $1,200 per coin two days back. So will that value get reduced to $0, and the investors lose all of their capital amount?
The 2x software is already out there in the wild. So the fork will definitely occur. It's just that nobody is likely to pay attention to it nor care -- it's not backed by the major businesses that were pushing it before, nor Bitmain. That right there takes all its market value away. For all we know, there may be so little hash power mining the 2x chain that no block will ever be found on its network.
So, from that perspective, I would expect B2X futures (and eventually B2X coins) to have a very small non-zero value. You can think of it like a dead altcoin project, which trades near zero. Sometimes a developer will "re-launch" a dead project and its value can 10x or 100x. But it's only good for a pump-and-dump.
There will be further attempts, too much money and a lot of egos involved. Regardless, this was an interesting and educational series of events. Good show, Bitcoin.
Which is why we should never forget who the leaders of these takeovers were and never forget to call them out for them.
Full resolution: https://i.imgur.com/jBoeDK2.jpg
haha, wall of shame
There will be further attempts, too much money and a lot of egos involved. Regardless, this was an interesting and educational series of events. Good show, Bitcoin.
Which is why we should never forget who the leaders of these takeovers were and never forget to call them out for them.Full resolution: https://i.imgur.com/jBoeDK2.jpg
If I am not wrong, a number of the major crypto-exchanges were allowing futures trading of B2X coins. What will happen to these trades and traders? B2X (futures) was trading at around $1,200 per coin two days back. So will that value get reduced to $0, and the investors lose all of their capital amount?
Yes, they are fucked, because they're stupid greedy cunts, fuck them.Harsh but fair.
If I am not wrong, a number of the major crypto-exchanges were allowing futures trading of B2X coins. What will happen to these trades and traders? B2X (futures) was trading at around $1,200 per coin two days back. So will that value get reduced to $0, and the investors lose all of their capital amount?
Yes, they are fucked, because they're stupid greedy cunts, fuck them. 
If I am not wrong, a number of the major crypto-exchanges were allowing futures trading of B2X coins. What will happen to these trades and traders? B2X (futures) was trading at around $1,200 per coin two days back. So will that value get reduced to $0, and the investors lose all of their capital amount?
segwit2 has died so within no time bitcoin gonna go to 10k mark soon. i guess its running and it will soon touch 10k mark by december this year.
Probably reused domain from some "bitcoin doubler" scam
Your point being? Stop being an uneducated bamboozled baboon and start doing some research, learning and start thinking for yourself.
lol
I know bitcoin will rise again. I just don't get why the current drop is happening. Perhaps I still need to do more research.
Classic scam by some BCH/forker troll.
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