Segwit2x (Bitcoin2x) has been called off?
Well if you read my post 2 days ago you already saw this coming! NO MINER is going to give up 50% of their daily profits just to make YOU happy!
In an email by Mike Belshe he wrote:
"Unfortunately, it is clear that we have not built sufficient consensus for
a clean block size upgrade at this time. Continuing on the current path could divide the community and be a setback to Bitcoin’s growth. This was never the goal of Segwit2x."
Segwit2x final steps https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html
So what is going on now? Well segwit still is on and both Bitcoin and Bitcoin2x are compatible with that! The big thing to take away is NO block size increase!
Read more on my previous post: https://steemit.com/@bigdeej/segwit2x-clearing-up-the-confusion
So there you go, as we ALREADY knew, segwit2x is a FANTASY dreamed up by NON-MINERS! The people who actually secure and run the network have NO incentive financially to switch to larger block sizes!
Read More:
https://www.coindesk.com/2x-called-off-bitcoin-hard-fork-suspended-lack-consensus/
Great post
What will the bitcoin do in price? Any thoughts?
down. Alts up.
If you are betting on Bitcoin for forks you are gonna have a bad time! Buy Bitcoin HODL wait till over $100,000 cash out rich!
I have bitcoin for long term. I think 100,000 is too soon. ;)
IF these futures come out we will see a rally just like during Mt Gox days over $100,000 followed by a crash back to in-line growth ~$15,000 Maybe I am being wishful thinking but we have seen this happen many times before (I remember buying Bitcoin at $750 just a few months ago, how hard is another 10x?)
Dont be delusional. With futures market bitcoin price could be easily manipulated down by massive paper bitcoin injechions. Like they did to precious metals.
They did it for this purpose not because they appreciate bitcoin as part of their financial world.
Yeah first a HUGE manipulation upward before anything back downward! And we still are yet to even hear an official date. Until then it is business as usual, no fork, 1MB blocks and ultimately prices going up.
Precious metals started trading futures over 30 years ago to compare them to bitcoin imo is like comparing intel to caterpillar and saying well they both work with silicon! The demand for oil doesn't increase as quickly as lately bitcoin demand has. Until the demand levels off relative to supply creation the prices have to keep going up or it goes to $0.
First you force 90% of trading to futures.
Then you make the futures market to decide the price for physical commodity.
And now you could easily manipulate supply-side of the commodity by issuing paper regardless of physical supply of oil, silver or bitrcoin.
That's what they're doing now!
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