Digital Currency Past Present Future - Segwit2X Resurrection

We all know what happened to Bitcoin Cash. Just a few days before the planned hard fork, a large majority of the miners withdraw their support. But that did not stop the die-hard proponents to launch bitcoin cash guerilla style.

The same could happen to Segwit2X. While it was officially announced that the hard fork planned to occur today, November 17, has been cancelled, it is still possible for the hard fork to be launched guerilla style.

What's in it for the Segwit2X Supporters?

What would motivate the Segwit2X proponents to continue launching the hard fork? What's at stake and what's up for grab? First and foremost, they have their skin in the game already. All the hard work has been done, foundations were laid out and the infrastructure are in place. All that is left is to push the start button.

It would be very tempting to push that button if you think about the success bitcoin cash is enjoying now despite the lackluster support at the time of activation. It's the premature baby that miraculously survived not only the birth pains but also the first critical months out of the womb. Cornering the 3rd largest market capitalization just a few months after launch is not such a bad milestone for a crypto that was doomed to fail.

Would bitcoin2X corner the 4th or 5th market cap after launch or even take the first spot? Will it create billions of dollars in new capital out of thin air just like its predecessor? Would it be faster, cheaper, more realiable than bitcoin and bitcoin cash? These are very intriguing and captivating questions that could keep one awake at night. "WHAT IF" is a very strong stimulus for the proponents and supporters to ignore. Afterall curiosity is the mother of all inventions!

Coinbase Warns its Users

As of this writing, Coinbase just released guidance on possible activation of Segwit2X. To protect customer funds, Coinbase will disable Bitcoin sends and receives at 2 am Pacific Time on November 17th, and disable buys and sells an hour before the fork, which is currently predicted to occur between 6am to 8am Pacific Time on November 17th. All functionality will be re-enabled shortly afterwards.

Scenario 1: Network is unusable
If support for the fork remains at current levels or decreases, the Bitcoin2x network will be unusable. Coinbase will not support withdrawals or trading as it will not be possible to move these assets. Currently we believe this is the most likely scenario.

If the network gains support at a later date, we will enable Bitcoin2x withdrawals from the platform.

Scenario 2: Network is usable
If transactions are being confirmed at a reasonable speed and miner support is strong, we will allow Coinbase customers to withdraw Bitcoin2x. We will not immediately enable buys and sells as previously stated, but we may enable them at a later date.

WHICH SCENARIO DO YOU THINK WILL PLAY OUT?

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