Still waiting for the "experts in technology" of this thread to refute this point:
Bitcoin’s network is going to work exactly as Satoshi programmed it. At present, miner support for the 2x hard fork is running around 83 percent. Bitcoin developer Jimmy Song made some rough calculations, based on 90 percent miner support for the fork. This is reasonable since statistical variance causes miner support to fluctuate.
Song reasoned that, if 90 percent of Bitcoin’s miners follow through with their current plan to mine SegWit2x, then:
“ Block 494784 splits to 1X and 2X. Initially, 1X has 100 minute blocks, 2X has 11 minute blocks on average. 1X and 2X have the exact same difficulty.”
Legacy Bitcoin (which Song calls “1X”) would have 100 minute blocks. This means a single transaction with a high enough fee to make it into the next block would require 10 hours to receive six confirmations. It would take nearly half a day to fully confirm a transaction on the 1X chain!
How is the ecosystem going to react to a nearly two hour block time? Given the great slowness of the network - an order of magnitude slower than pre-fork--how high will fees rise? If the block size remains the same (on the 1X chain) but there are only a tenth as many blocks, fees will have to rise to monstrous levels since there will be 10 times the competition for space in a block.
This will be no brief inconvenience, either. Song estimates that if the mining split remains as it is today, the 1X chain won’t experience a difficulty drop until Feb. 3, and block times won’t return completely to normal until March 10. Die-hard supporters of the legacy chain will be contending with nearly two hour block times and sky-high fees for about three months!
The thing that the fuckwitted autists who squeal about this never, ever, ever, ever seem to bother to mention is a small group of people known as...
wait for it....
users.
There are millions of them who wield staggering and overwhelming power. Miners can posture all they like. If they attempt to fuck the users then they triple entry buttfuck themselves with razorwire dildos.
Every single doomsday scenario has been played out ad nauseam. We've been told were going to be murdered by everything the tossers who FUD laid out in loving detail.
When it came to actual reality the risk of pissing off the users outweighed anything else and nothing happened.