SegWit2x support growing day by day, WHY FORK FUD and PANIC - page 3.

stompix

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Quote from: mike4001 on July 17, 2017, 11:56:19 AM

BIP91 is now listed at coin.dance

lets see how big it climbs (only started a few hours ago)

31% in the last 24 hours already?
Let me grab some popcorn and enjoy the show

Are there any chances we might get another version of god knows what bip before Aug 1st?
As this looks to be going far to well compared to how things usually go in bitcoinland.

Quote from: 25hashcoin on July 17, 2017, 12:52:22 PM

Segwit2x is garbage that doesn't do a damn thing for scale. http://bitcoinabc.org is what the majority of us signed up for.

The majority being... you?

25hashcoin

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Segwit2x is garbage that doesn't do a damn thing for scale. http://bitcoinabc.org is what the majority of us signed up for.

BitcoinNewsMagazine

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Quote from: mike4001 on July 17, 2017, 11:56:19 AM

BIP91 is now listed at coin.dance

lets see how big it climbs (only started a few hours ago)

Chinese pools and Bitfury started signaling BIP91 today in order to get SegWit locked in as soon as possible. You can see the holdouts at https://www.xbt.eu/

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Quote from: Variogam on July 17, 2017, 11:40:47 AM

Quote from: CryptosapienZA on July 17, 2017, 08:23:23 AM

There was never going to be support for Segwit2X that is less than 90%...The highest %signalling 2X has had is 92%. Come Aug 01, it will even be higher.

All miners switch to SegWit2x eventually, otherwise their blocks would be orphaned by other miners. At this point I see SegWit2x is guaranteed to happen. And its nice finally some kind of scalling agreement is honoured.

I totally agree, hope everything goes smooth

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Quote from: crazyivan on July 17, 2017, 07:12:25 AM

Ok, so yesterday, July 16, SegWit2x support was 87.7%. Today it has increase to 88.2% and keeps growing.

https://coin.dance/blocks

Still I see tons of people crying about potential fork. Cmmon people, we all know by the end of this week SegWit2x support s probably going to go over 95%. Why do you buy that FUD about Bitcoin fork?
Regardless what you think about this Bitcoin core vs Miners debate, do you really think a fork supported by 3-4% of the miners is a sustainable Bitcoin chain?

As usual, panic makes weak hands sell and they lose money. The purpose of this thread is make people think twice before they sell coins they purchased at a premium. Dont let be manipulated by pumpers&dumpers and do not let panic gets you.

Dont let pointless panic redistributes your money from impatient to more patient traders, as Mr. Buffett would say.

Gud thread. I agree the FUD has to stop. Use this as a buying opportunity to fill your bag hodlall.

mike4001

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BIP91 is now listed at coin.dance

lets see how big it climbs (only started a few hours ago)

jennywhzz

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Quote from: crazyivan on July 17, 2017, 07:12:25 AM

Ok, so yesterday, July 16, SegWit2x support was 87.7%. Today it has increase to 88.2% and keeps growing.

https://coin.dance/blocks

Still I see tons of people crying about potential fork. Cmmon people, we all know by the end of this week SegWit2x support s probably going to go over 95%. Why do you buy that FUD about Bitcoin fork?
Regardless what you think about this Bitcoin core vs Miners debate, do you really think a fork supported by 3-4% of the miners is a sustainable Bitcoin chain?

As usual, panic makes weak hands sell and they lose money. The purpose of this thread is make people think twice before they sell coins they purchased at a premium. Dont let be manipulated by pumpers&dumpers and do not let panic gets you.

Dont let pointless panic redistributes your money from impatient to more patient traders, as Mr. Buffett would say.

Thanks for the link. The reason people cry and fud is that they do not have information of what is going on and where bitcoin is heading. Links like these will let people know exactly what is going to happen and thus this will bring positive energy to bitcoins.

Variogam

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Quote from: CryptosapienZA on July 17, 2017, 08:23:23 AM

There was never going to be support for Segwit2X that is less than 90%...The highest %signalling 2X has had is 92%. Come Aug 01, it will even be higher.

All miners switch to SegWit2x eventually, otherwise their blocks would be orphaned by other miners. At this point I see SegWit2x is guaranteed to happen. And its nice finally some kind of scalling agreement is honoured.

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You forgot that most of the people, especially here, just repeat like a parrot what they read 2 hours back. Often without knowing what they are talking about. Yesterday I asked for fun to a guy who loves to speak about Segwit, etc, "What is a fork?" He couldn't give a simple answer Cheesy

You can test it yourself with your friends here. Make 10-20 posts saying Bitcoin will go below 1000$. The next day most of the people will repeat "Bitcoin will go below $1000" and add their twist "Better you sell now"... One week after, you will then see those same people posting "Nothing will happen, we all know that" Cheesy

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Quote from: BitcoinNewsMagazine on July 17, 2017, 08:35:11 AM

It is easy enough to see if Bitmain is following through on their promise. They have to switch over to the btc1 client and you can see btc1 nodes at bitnodes signaling either Satoshi:1.14.3 or Satoshi:1.14.4.

miners have never ran clients provided to them, they have always been running a self modified code.
and that Satoshi:1.14.3 thing is just a string that can you change and tell the network as your user agent. you may very well be running anything. this means they don't switch, they just modify their code (merge the changes in their code).

and besides who cares what the F.ing client they run, all that matters is the blocks they mine.

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Quote from: hatshepsut93 on July 17, 2017, 11:04:44 AM

Quote from: crazyivan on July 17, 2017, 07:12:25 AM

Ok, so yesterday, July 16, SegWit2x support was 87.7%. Today it has increase to 88.2% and keeps growing.

https://coin.dance/blocks

Still I see tons of people crying about potential fork. Cmmon people, we all know by the end of this week SegWit2x support s probably going to go over 95%. Why do you buy that FUD about Bitcoin fork?
Regardless what you think about this Bitcoin core vs Miners debate, do you really think a fork supported by 3-4% of the miners is a sustainable Bitcoin chain?

As usual, panic makes weak hands sell and they lose money. The purpose of this thread is make people think twice before they sell coins they purchased at a premium. Dont let be manipulated by pumpers&dumpers and do not let panic gets you.

Dont let pointless panic redistributes your money from impatient to more patient traders, as Mr. Buffett would say.

Miner support is not the same as user support. Segwit2x is an attempt to replace Core with one person and centralize Bitcoin around miners, who will have control over code development and nodes later in the future. That's a very valid concerns for people who are actually passionate about Bitcoin, as opposed to those who just see Bitcoin as a method to get more fiat.

People behind core have code their personal interests to stay in control of BTC code the same way as miners. On the other hand, do you really want to say that average Joe who invested money in 0.2 BTC should be the one calling shoots as opposed to large miners farm owner who s got millions at stake. In what other industry on the face of the planet average Joe s one who calls the shoots? Nowhere. Why? Cause it simply does not work. 101 millions average Joe have got 101 ideas of how BTC should be developed, governed and scaled.

I d choose profit induced problem solving, decision making and stability over fake democracy any day.

IadixDev

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Quote from: stompix on July 17, 2017, 07:19:35 AM

But otherwise the markets would be sooooo boring without action would they?
Who would trade in a flat market?

Speculative market are not necessarily the finality either

hatshepsut93

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Quote from: crazyivan on July 17, 2017, 07:12:25 AM

Ok, so yesterday, July 16, SegWit2x support was 87.7%. Today it has increase to 88.2% and keeps growing.

https://coin.dance/blocks

Still I see tons of people crying about potential fork. Cmmon people, we all know by the end of this week SegWit2x support s probably going to go over 95%. Why do you buy that FUD about Bitcoin fork?
Regardless what you think about this Bitcoin core vs Miners debate, do you really think a fork supported by 3-4% of the miners is a sustainable Bitcoin chain?

As usual, panic makes weak hands sell and they lose money. The purpose of this thread is make people think twice before they sell coins they purchased at a premium. Dont let be manipulated by pumpers&dumpers and do not let panic gets you.

Dont let pointless panic redistributes your money from impatient to more patient traders, as Mr. Buffett would say.

Miner support is not the same as user support. Segwit2x is an attempt to replace Core with one person and centralize Bitcoin around miners, who will have control over code development and nodes later in the future. That's a very valid concerns for people who are actually passionate about Bitcoin, as opposed to those who just see Bitcoin as a method to get more fiat.

Kprawn

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Halving event - Fud spreads, panic follows, people sell... I make huge profits buying cheap coins.
SEC event - Fud spreads, panic follows, people sell... I make huge profits buying cheap coins.
1 Aug event - Fud spreads, panic follows, people sell... I make huge profits buying cheap coins.

We just adapt to the situation and we buy the cheap coins, when the newbies fall for this. There is nothing wrong with that. Most of us warn them

in advance and they still fall for this nonsense. Go ahead and warn them, they will not listen... it is easier to run. Grin

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Quote from: crazyivan on July 17, 2017, 08:07:56 AM

Cause reputation s so hard to build and so easy to destroy.

It's not like BTC has a reputation for having a stable price and that it's suddenly vanishing. Even this kind of crazy volatility is normal, and the public who know about BTC believe that too.

Quote from: crazyivan on July 17, 2017, 08:07:56 AM

people, especially new investors, will [...] not come back to crypto for a long time.

If they jumped in purely out of speculation from the price rises, and they were never prepared to hold for a long time, good riddance to them. BTC doesn't need those trigger friendly puppies who don't give a shit about how BTC is actually developing.

Quote from: crazyivan on July 17, 2017, 07:12:25 AM

Still I see tons of people crying about potential fork. Cmmon people, we all know by the end of this week SegWit2x support s probably going to go over 95%. Why do you buy that FUD about Bitcoin fork?

They don't care about the fork. They're either here to try and win credibility points for insulting Bitcoin Unlimited, because they don't understand what the fork actually is (these are the people that sell), or they're here to win credibility points for insulting chain splits in general and feeling like they're the voice of reason and unity.

Side note - SegWitx2 only requires 80% support from hash rate. The previous threshold of 95% isn't necessary for this.

BitcoinNewsMagazine

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Quote from: Sniper44 on July 17, 2017, 08:03:56 AM

Quote from: OmegaStarScream on July 17, 2017, 07:34:03 AM

What were they doing before? they was simply signaling and now they are going to enter the activation periods? Bitmain tweeted this a few hours ago:

it was not signalling before, it was just showing support. like saying we promise to support it when the time comes.

but now they are really supporting it. it means based on code and what is legit not just talk. and that is shown with the version part thing in their blocks they mine. and that counts towards activation of SegWit not the previous promise.
and besides the code became ready today.

as i said before LTC was the testing ground for SegWit, they not only tested what SegWit does but also they planned how to FUD with it and make millions from the swings. they did the exact same thing with LTC and made millions.

It is easy enough to see if Bitmain is following through on their promise. They have to switch over to the btc1 client and you can see btc1 nodes at bitnodes signaling either Satoshi:1.14.3 or Satoshi:1.14.4.

CryptosapienZA

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Quote from: crazyivan on July 17, 2017, 07:12:25 AM

Ok, so yesterday, July 16, SegWit2x support was 87.7%. Today it has increase to 88.2% and keeps growing.

https://coin.dance/blocks

Still I see tons of people crying about potential fork. Cmmon people, we all know by the end of this week SegWit2x support s probably going to go over 95%. Why do you buy that FUD about Bitcoin fork?
Regardless what you think about this Bitcoin core vs Miners debate, do you really think a fork supported by 3-4% of the miners is a sustainable Bitcoin chain?

As usual, panic makes weak hands sell and they lose money. The purpose of this thread is make people think twice before they sell coins they purchased at a premium. Dont let be manipulated by pumpers&dumpers and do not let panic gets you.

Dont let pointless panic redistributes your money from impatient to more patient traders, as Mr. Buffett would say.

There was never going to be support for Segwit2X that is less than 90%...The highest %signalling 2X has had is 92%. Come Aug 01, it will even be higher.

crazyivan

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I have nothing against occasional price swings, after all this is how traders make money. I do have a line which I think should not be crossed. That line is when FUD and corresponding market response starts affecting credibility of Bitcoin. Cause reputation s so hard to build and so easy to destroy.

I also think nothing major will happen but people, especially new investors, will lose a lot of money and they will not come back to crypto for a long time. If d have to choose between these users and speculators, well, the choice d be easy.

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Quote from: crazyivan on July 17, 2017, 07:12:25 AM

Ok, so yesterday, July 16, SegWit2x support was 87.7%. Today it has increase to 88.2% and keeps growing.

https://coin.dance/blocks

Still I see tons of people crying about potential fork. Cmmon people, we all know by the end of this week SegWit2x support s probably going to go over 95%. Why do you buy that FUD about Bitcoin fork?
Regardless what you think about this Bitcoin core vs Miners debate, do you really think a fork supported by 3-4% of the miners is a sustainable Bitcoin chain?

As usual, panic makes weak hands sell and they lose money. The purpose of this thread is make people think twice before they sell coins they purchased at a premium. Dont let be manipulated by pumpers&dumpers and do not let panic gets you.

Dont let pointless panic redistributes your money from impatient to more patient traders, as Mr. Buffett would say.

Great post, I have no idea why people have been panic selling. It's ridiculous, throwing away precious bitcoin's for chump change.

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Quote from: OmegaStarScream on July 17, 2017, 07:34:03 AM

What were they doing before? they was simply signaling and now they are going to enter the activation periods? Bitmain tweeted this a few hours ago:

it was not signalling before, it was just showing support. like saying we promise to support it when the time comes.

but now they are really supporting it. it means based on code and what is legit not just talk. and that is shown with the version part thing in their blocks they mine. and that counts towards activation of SegWit not the previous promise.
and besides the code became ready today.

as i said before LTC was the testing ground for SegWit, they not only tested what SegWit does but also they planned how to FUD with it and make millions from the swings. they did the exact same thing with LTC and made millions.

Topic: SegWit2x support growing day by day, WHY FORK FUD and PANIC - page 3. (Read 3262 times)