Hard Fork, Take Two: SegWit2x Will Return Dec. 28, Says Founder
cointelegraph.com
Hard Fork, Take Two: SegWit2x Will Return Dec. 28, Says Founder
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Re: Hard Fork, Take Two: SegWit2x Will Return Dec. 28, Says Founder
#2Can someone give an opinion on the results or possible results of this fork?
Re: Hard Fork, Take Two: SegWit2x Will Return Dec. 28, Says Founder
#3Can someone give an opinion on the results or possible results of this fork?
Segwit2x is a compromise deal that had two parts: Segregated Witness, which allows future efficiency extensions such as the Lightning network; and 2x which doubles the block size. https://arstechnica.com/tech-policy/2017/11/bitcoin-compromi... Miners signaled their agreement ahead of time, and the Segwit part worked. But since that took some pressure off, and Bitcoin Cash forked with 8x which attracted those people who wanted larger blocks, consensus fell apart before 2x was activated. In addition, there were multiple code bugs that would have kept 2x from working anyway.
Assuming the bugs got fixed this time around, success of the fork depends only on getting a critical mass of miners on board.
Re: Hard Fork, Take Two: SegWit2x Will Return Dec. 28, Says Founder
#4It's not the btc core team doing this.
Someone just took segwit's name and code and decided to do their own fork.
https://bitcointalk.org/index.php?topic=2595620.msg27008511#...
Team looks dodgy as hell, inconsistencies on the official webpage, premined coins:
https://github.com/SegwitB2X/bitcoin2x/commit/08220e2a3c8ba8...
Re: Hard Fork, Take Two: SegWit2x Will Return Dec. 28, Says Founder
#5It's not the btc core team doing this. Someone just took segwit's name and code and decided to do their own fork. https://bitcointalk.org/index.php?topic=2595620.msg27008511#... Team looks dodgy as hell, inconsistencies on the official webpage, premined coins: https://github.com/SegwitB2X/bitcoin2x/commit/08220e2a3c8ba8...
Cryptocurrency fanfiction?
Re: Hard Fork, Take Two: SegWit2x Will Return Dec. 28, Says Founder
#6I'm going to repost here a comment I left on reddit.
This Segwit2X has almost nothing to do with the original "Segwit2X". They are basically taking what they think is the good parts of all cryptocurrencies, and are putting it into one monstrosity.
- X11 based algorithm from DASH
- 2.5 minute blocktime from litecoin
- 4mb (closer to 8mb with segwit) blocksize from Bitcoin Cash
- difficulty adjustment algorithm from Bitcoin Cash
Plus they are promising some pretty impossible stuff in the "future":
- ZkSnarks from ZCash (which they list on the same line as "anonymous transactions" in some areas, and on a different line in others...)
- Lightning Network from Bitcoin
- Smart contracts from ETH
- Something called "offline codes" which god only knows what it means
Basically it's a shitcoin that is trying to lure people in with impossible promises and just taking what they think is the best thing from every major cryptocurrency and putting it into one disgusting abomination.
Oh, and they chose a loaded name to make sure they'd get some coverage in the "news".
This "Segwit2X" has literally nothing in common with the previous "Segwit2X" from november except for the name. Nothing else is the same. How they got any exchanges to list it under the same name i'll never know... If I was a betting man, I'd wager that the guy running this lost a bunch of money when the S2X futures market crashed since the fork never went through, and he is looking to recoup it by starting the process back up and pumping the futures cost so he can get out.
But on the up side it's really showing me which "news" sites and exchanges I should stay away from, because they clearly don't even vet the stories or coins they are going to be listing.
Re: Hard Fork, Take Two: SegWit2x Will Return Dec. 28, Says Founder
#7[deleted]
Re: Hard Fork, Take Two: SegWit2x Will Return Dec. 28, Says Founder
#8Can someone give an opinion on the results or possible results of this fork?
Here is a comment on the article:
Joop black6master • an hour ago Red flags all over. Founder has no background or education whatsoever, the business development manager is dancer, model and actress. Github was first created a couple of days ago. Accounts with these names are fishing after privatekeys on Bitcointalk etc. etc..
Re: Hard Fork, Take Two: SegWit2x Will Return Dec. 28, Says Founder
#9Can someone give an opinion on the results or possible results of this fork?
Segwit2x is a compromise deal that had two parts: Segregated Witness, which allows future efficiency extensions such as the Lightning network; and 2x which doubles the block size. https://arstechnica.com/tech-policy/2017/11/bitcoin-compromi... Miners signaled their agreement ahead of time, and the Segwit part worked. But since that took some pressure off, and Bitcoin Cash forked with 8x which attracted those people w…
> […] and the Segwit part worked. But since that took some pressure off […]
Pressure on what? Transaction backlog? Hardly, the fees are higher than they've ever been and we have 100k transactions in the mempool.
The minority of transactions use segwit, blocksize still remains a big issue, even if we now have means to cram more transactions into a block, but hardly anybody uses it.
It took pressure off of the Bitcoin Core team (and blockstream), because segwit is what's needed to get lightning to work. Then they lost interest in the second part (increasing the blocksize) and that's (partly) why it fell through.
Re: Hard Fork, Take Two: SegWit2x Will Return Dec. 28, Says Founder
#10I'm going to repost here a comment I left on reddit. This Segwit2X has almost nothing to do with the original "Segwit2X". They are basically taking what they think is the good parts of all cryptocurrencies, and are putting it into one monstrosity. - X11 based algorithm from DASH - 2.5 minute blocktime from litecoin - 4mb (closer to 8mb with segwit) blocksize from Bitcoin Cash - difficulty adjustment algorithm from Bi…
Yeah, it's sad that Cointelegraph would give him/them publicity. Also, you forgot to mention that they're rewarding themselves with 2M coins: https://github.com/SegwitB2X/bitcoin2x/commit/08220e2a3c8ba8....