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Segwit2x Bitcoin Fork Suspended

lists.linuxfoundation.org

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Re: Segwit2x Bitcoin Fork Suspended

#31

Post by natch »

tlrobinson wrote: post #15
thefalcon wrote: post #3

Earlier quoted context omitted.

I don't understand this desire to immediately assume bad faith in these situations. It's a complicated situation, involving a lot of actors. Yeah, probably some of them are acting in bad faith. But probably most of them are just trying to develop a functional cryptocurrency. This stuff is very hard, and having it all so decentralized only makes it harder. Personally I was hoping for the 2x fork to succeed, or, barrin…

What’s your opposition to SegWit?

I can't speak for the user thefalcon you replied to, but most opposition as I understand it comes from the fact that segregated witness makes things more likely to rely on centralized infrastructure, departing from the original vision of bitcoin as a decentralized system that can't be controlled by entities like governments and banks.

Re: Segwit2x Bitcoin Fork Suspended

#32

Post by RexetBlell »

ashark wrote: post #28
temp987654 wrote: post #23

So... this should probably mean a deep dive for btc price then, right?

I checked coinbase expected exactly that, thinking "oh man, I'm glad I didn't sell my eth a month ago to buy into bc trying to capture free altcoins like others did and like I considered doing, it'll be down like 10% at least" but it... shot up about 10% instead. I don't get it.

Having too many forks makes it confusing for newcomers (and even hedge funds). So naturally avoiding a fork and keeping the community together is good for Bitcoin, which made the price go up.

Re: Segwit2x Bitcoin Fork Suspended

#33

Post by VMG »

gtrubetskoy wrote: post #30
nikcub wrote: post #11

Considering the history of spoofed messages aimed at manipulating the market, they should have cryptographically signed the message That said - if this is true, they've done the difficult but right thing.

It is my understanding that signed messages are generally frowned upon in the Bitcoin community, Satoshi never signed his messages. This is because it is more important what is in the message than who wrote it.

> This is because it is more important what is in the message than who wrote it.

not in this instance

Re: Segwit2x Bitcoin Fork Suspended

#35

Post by black_puppydog »

gtrubetskoy wrote: post #30
nikcub wrote: post #11

Considering the history of spoofed messages aimed at manipulating the market, they should have cryptographically signed the message That said - if this is true, they've done the difficult but right thing.

It is my understanding that signed messages are generally frowned upon in the Bitcoin community, Satoshi never signed his messages. This is because it is more important what is in the message than who wrote it.

I am torn between "This is somewhat tautological" and "This (the second sentence) is plain wrong, and the current situation is a perfect example why."

Re: Segwit2x Bitcoin Fork Suspended

#36

Post by nikcub »

kaffeemitsahne wrote: post #17
air7 wrote: post #13

Earlier quoted context omitted.

Which way would spoofing this message send the market?

Same way it's going right now? (up)

I assumed the same. Mainly because anecdotally the last dozen people I know who were new buyers knew little about the fork and were mainly buying in via the price-news cycle

Conversely for those who were following this removes the uncertainty around the fork - the downtime of a couple of days, potential 40-50 minute block times, lost coins, replay attacks, etc.

Re: Segwit2x Bitcoin Fork Suspended

#38

Post by askmike »

stonogo wrote: post #20
thefalcon wrote: post #3

Earlier quoted context omitted.

I don't understand this desire to immediately assume bad faith in these situations. It's a complicated situation, involving a lot of actors. Yeah, probably some of them are acting in bad faith. But probably most of them are just trying to develop a functional cryptocurrency. This stuff is very hard, and having it all so decentralized only makes it harder. Personally I was hoping for the 2x fork to succeed, or, barrin…

Bitcoin fundamentally attracts people who assume existing markets are run in bad faith. It's why there's so much propaganda attacking "fiat currency," and presenting Bitcoin as some kind of ethical imperative.

Most bitcoin people I've met are very much in favor of everything free market, it's the goverments / central banks they don't trust.

Re: Segwit2x Bitcoin Fork Suspended

#39

Post by bpicolo »

askmike wrote: post #38
stonogo wrote: post #20

Earlier quoted context omitted.

Bitcoin fundamentally attracts people who assume existing markets are run in bad faith. It's why there's so much propaganda attacking "fiat currency," and presenting Bitcoin as some kind of ethical imperative.

Most bitcoin people I've met are very much in favor of everything free market, it's the goverments / central banks they don't trust.

You're looking at a group of 6 people that have relevant influence on bitcoin. You've still got centralized trust.

Re: Segwit2x Bitcoin Fork Suspended

#40

Post by nikcub »

jdhn wrote: post #25
brut wrote: post #19

Earlier quoted context omitted.

Some people were waiting for the "free money" to come so they could buy "alt coins". Some will be happy to see BTC unchallenged. Price will be a balance of both.

I'll admit it, I was one of those people. On one hand, no "free money" for me, but on the other hand, I'm willing to accept this because it will hopefully lead to a stronger Bitcoin in the long run.

If you bought in when the 2x futures began trading you've already made more from the BTC price rise than you would have from the air drop.
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