Segwit2x cancelled! Bitcoin soars close to $8000, Segwit2x futures plummit 80%. Edit. Bitcoin TANKS 7200$
https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html
Our goal has always been a smooth upgrade for Bitcoin. Although we
strongly believe in the need for a larger blocksize, there is something we
believe is even more important: keeping the community together.
Unfortunately, it is clear that we have not built sufficient consensus for
a clean blocksize 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.
As fees rise on the blockchain, we believe it will eventually become
obvious that on-chain capacity increases are necessary. When that happens,
we hope the community will come together and find a solution, possibly with
a blocksize increase. Until then, we are suspending our plans for the
upcoming 2MB upgrade.
We want to thank everyone that contributed constructively to Segwit2x,
whether you were in favor or against. Your efforts are what makes Bitcoin
great. Bitcoin remains the greatest form of money mankind has ever seen,
and we remain dedicated to protecting and fostering its growth worldwide.
Mike Belshe, Wences Casares, Jihan Wu, Jeff Garzik, Peter Smith and Erik
Voorhees
Wearebitcoin!
Edit: theroadto10Khasopened
I thought this was fake news at first. But it's true guys!
So let me get this straight. They aren't going to upgrade Bitcoin which means it is going to fall further behind the competition in terms of technology and that is a good thing?
I also thought it was rallying because everyone wanted some more free money from another spilt.
No, it's a good thing because Segwit2x wasn't really nescesarry. It doesnt really solve long term issues with Bitcoin. And they realized it was bad for Bitcoin with 2x. And it was not in the spirit of Satoshi. Who knows the real reasons why they decided to cancel it. Perhaps their reasons we're legit..perhaps there are other things happening. But all in all it was good.
Don't get me wrong I don't have a problem with BTC going up but I would just like the price action to make sense. First Segwit 2x is a good thing. Then when they don't do it, it is a good thing. I mean it's kind of hard to know when to buy/sell/hold when the opposite of what is expected to happen, happens and it's still a good thing.
I get the feeling that there are a few big players that are calling the shots of BTC. In the article you quoted they mentioned not having sufficient consensus for Segwit 2x but who's consensus really matters? The overall community or just the big BTC holders and miners.
Generally people did not like segwit, and that was ultimately the reason they cancelled it. Miners however supported it (81%) but whats important are people and adaptation. Segwit2x did not offer any solutions long term. Itsva good thing for bitcoin.
hi tormund, good to see you on steemit!
WTF, excuse the manners but I am shocked!!
Yeah..its turmoil..I'm going to play some Baldurs gate and try not to look. I'll catch a stroke.
:D Bitcoin keeps rising.
It may well have been preplanned
Mixed feelings about this, but the higher it gets the higher the correction will be so overall good news :D
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