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Hard Fork, Take Two: SegWit2x Will Return Dec. 28, Says Founder

cointelegraph.com

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Re: Hard Fork, Take Two: SegWit2x Will Return Dec. 28, Says Founder

#11

Post by asymmetric »

Klathmon wrote: post #6

I'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…

Note to others: BCash is a contentious name, mostly used by people who antagonize Bitcoin Cash, the preferred and official name.

Re: Hard Fork, Take Two: SegWit2x Will Return Dec. 28, Says Founder

#12

Post by Klathmon »

asymmetric wrote: post #11
Klathmon wrote: post #6

I'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…

Note to others: BCash is a contentious name, mostly used by people who antagonize Bitcoin Cash, the preferred and official name.

Sorry, forgot it's a loaded term. I updated the comment.

Re: Hard Fork, Take Two: SegWit2x Will Return Dec. 28, Says Founder

#13

Post by illumin8 »

Klathmon wrote: post #6

I'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…

Another shady thing they are doing:

> The founder also promised that in addition to the common practice of crediting BTC holders with equivalent balances of the new coin (B2X), they would also receive “a proportional number of Satoshi Nakamoto’s Bitcoins as a reward for their commitment to progress.”

This seems pretty bad. Satoshi Nakamoto may not even have access to his coins, but what if his heirs or family wanted to take ownership of them? They should be able to do so. Do we just decide that anyone who owns a sufficiently large number of coins should have to forfeit them at the whim of whoever is creating the altcoin of the moment?

Re: Hard Fork, Take Two: SegWit2x Will Return Dec. 28, Says Founder

#14

Post by [deleted] »

Klathmon wrote: post #6

I'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…

[deleted]

Re: Hard Fork, Take Two: SegWit2x Will Return Dec. 28, Says Founder

#15

Post by AlexCoventry »

o_____________o wrote: post #5
kuroguro wrote: post #4

It'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?

The pay is a lot better.

Re: Hard Fork, Take Two: SegWit2x Will Return Dec. 28, Says Founder

#17

Post by Klathmon »

illumin8 wrote: post #13
Klathmon wrote: post #6

I'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…

Another shady thing they are doing: > The founder also promised that in addition to the common practice of crediting BTC holders with equivalent balances of the new coin (B2X), they would also receive “a proportional number of Satoshi Nakamoto’s Bitcoins as a reward for their commitment to progress.” This seems pretty bad. Satoshi Nakamoto may not even have access to his coins, but what if his heirs or family wanted…

Oh yeah forgot about that part, they are just going to rewrite history and give out a bunch of coins because they can...

Re: Hard Fork, Take Two: SegWit2x Will Return Dec. 28, Says Founder

#18

Post by cornedor »

Klathmon wrote: post #6

I'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…

If you look at the team, there seems to be zero experience with cryptocurrencies. Yesterday there was only one "core" developer, a founder (not a developer) and a business developer. They now have another business developer and another software developer.

Re: Hard Fork, Take Two: SegWit2x Will Return Dec. 28, Says Founder

#20

Post by Klathmon »

aaraujo wrote: post #16

Sorry for the fake news... I did do my due diligence and checked the story. I'll be more careful before submiting soemthing to HN.

It's not "fake news", it's just a garbage article where the author didn't do any research (or they did, and the author knows exactly what they are doing).

Not necessarily your fault, and I'm personally glad you did submit it as whatever the creators of the new "S2X" are doing to get it in the media, it's working, and the more we can point out how terrible it looks, hopefully we can limit the damage.

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