Topic: Segwit2x returning as per coinbase email - page 2. (Read 1286 times)

I think that the problem is that any user can trigger a fork. The people behind Segwit2x might have backed out, but there may be rogue elements who still want to go ahead. I think such forks will die a quick death and will remain a footnote in Bitcoin's history.

Dear Coinbase customer,

There have been a number of developments with Bitcoin Segwit2x since our last update. No action is required and all funds stored on Coinbase remain safe. 

Last week, the Segwit2x development team announced they would no longer continue with the project. In addition, a significant portion of miners and other community leaders withdrew their support for the fork. However, despite these developments, a small number of miners may attempt to go forward with a fork.

We wanted to provide clarity about the potential outcomes of the fork and what Coinbase will do in each scenario.

To protect customer funds, Coinbase will disable Bitcoin sends and receives at 2 am Pacific Time on November 17th, and disable buys and sells an hour before the fork, which is currently predicted to occur between 6am to 8am Pacific Time on November 17th. All functionality will be re-enabled shortly afterwards.

Scenario 1: Network is unusable
If support for the fork remains at current levels or decreases, the Bitcoin2x network will be unusable. Coinbase will not support withdrawals or trading as it will not be possible to move these assets. Currently we believe this is the most likely scenario.

If the network gains support at a later date, we will enable Bitcoin2x withdrawals from the platform. 

Scenario 2: Network is usable
If transactions are being confirmed at a reasonable speed and miner support is strong, we will allow Coinbase customers to withdraw Bitcoin2x. We will not immediately enable buys and sells as previously stated, but we may enable them at a later date.

We will keep customers updated through our blog.

Thank you,

Coinbase Team

Dont put your funds in coinbase guys, you are not going to receive those free coins, and if you receive them, there is not going to be replay action which means that you are not going to be able to spend those coins without spending your bitcoins first.
It is a risky desicion, i received that email too and i doubted to put all my funds in there to receive those coins too, but i know that all that process is useless, and coinbase is a shitty wallet, it is not worth your time and your funds of course, because it can be shut down at any moment too.

if they try to fork bitcoin now with
- no replay protection and
- no miner support and (it currently has 5.6% hashrate signalling which is the leftover who has not yet upgraded their servers it has nothing to do with support)
- not community support and
- no businesses support

they will be embracing themselves. who is the hashrate anyways? checking the stats, there are no miners left who are signalling for SegWit2x anymore!

I just got an email from coinbase saying segwit2x is returning due to  small number of miners may attempt to go forward with a fork. What up guyz? Bitcoin is jumping like crazy due to this.