Confirmed!
As surprised as I was, will leave it here with you...
The Segwit2x effort began in May with a simple purpose: to increase the
blocksize and improve Bitcoin scalability. At the time, the Bitcoin
community was in crisis after nearly 3 years of heavy debate, and consensus
for Segwit seemed like a distant mirage with only 30% support among miners.
Segwit2x found its first success in August, as it broke the deadlock and
quickly led to Segwit’s successful activation. Since that time, the team
shifted its efforts to phase two of the project - a 2MB blocksize increase.
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.
https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html
phneepAfter years of debate, no final decision was made...
Well, we don’t have it around here though it was annoying to see this debate unfold yet without final cut we are back to square one. Except BCH happened...
What do you think will happen to the price, alts will blossom or ... ?!
I remember this pic from the Matrix clip.
It is a give and take situation with B2X.
Now it looks favorable but in the long run it is not.
From what I read lately, it will make B2X centralized in a sense of the amount of data anyone need to compile in order to verify the blockchain and sync a wallet.
Hardfork failed????
WAIT AND SEE???!!!
I think it is good for the ALTS... For now...
Yep it is true.
Let's the party begin now!
Best news in crypto in the last few months... Those crappy hardforks are bad for cryptocurrencies overall... Altcoins are back! :D :D yeah!
I don't think the price will collapse. I am hopeful that this will be seen as a sign of confidence in bitcoin, I know that seems a little counter intuitive but I really think it will!
Wont collapse, but should correct a little bit, many people sold their altcoins just to get the segwit2x coin... People return to altcoins, BTC corrects a little bit and continue its normal grown...
This is good for BTC, getting over bought was a bad thing as it could have formed a bubble that could exploited and cause more harm...
Many of Chinese people around me are going to buy BCH because this hardfork failed. They think the Segwit2x deviatied from the original intention of BTC.
do you have any idea, if BCH can be mined???
Yeah a little correction is healthy as long as that long term trend carries on up!
It will keep trending up, but we dont want to trend up that fast!, the slower the better :)
Slow and steady wins the race as they say! :0)
Like Steem is doing right now,
please upvote me @jakson
Might account for the slight uptick in ETH?
Why do collapse?
I support you in this, I think that the hardforks that Bitcoin had, only divided its price...
I think that is very true
Me either while I'm not completely certain of what will happen the hard fork wasn't ready to happen and as a result I think we see that bitcoin is stronger now and coming together more then ever.
For now it is up, I guess we will see soon after news catches up...
I have been watching, wondering when the reaction is coming!
Yes.. a drop should come.. already retraced $500
I think a drop will be a small one before a big push ahead :0)
It's on the move forward now, No looking back. It will pass 10k before next month
That works be spectacular. It might be a bitcoin Christmas!
That would be amazing
I'm sure bitcoin won't collapse although it may drop for a short while. Bitcoin always seems to find a way to bounce back hard & I believe it will for a good few years yet & I have every confidence in it.
price will fall within some days but again it will raise up.....my personal opinion@meesterboom
That is how I see it. The btc price will drop a touch as people go back to alts, but btc will be seen as more stout, and it will start going up again.
Yes, even I do agree that price will not collapse. Bitcoin is on FIRE!!!! It's Price & Value going up & up day per day!!!
I'm sure bitcoin won't collapse
https://steemit.com/btc/@slowcheetah/bitcoin-almost-perfect-pullback
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NO2X, No Hard Fork!
Wow, unbelievable...
If they want to keep giving me free money, I'm not going to stop them.
Some of my friends are planning to invest in bitcoin now that they learned about it. It's a personal choice but I also informed them of ICOs that look promising. I'd invest just a little bit more in bitcoin just to experiment. I think the price might stabilize for a while within the range of this quarter's.
Yes, market is quite awesome and unpredictable which makes it more interesting from game theory point of view. 😊
looks like this news is legit.. altcoins are growing.. but wait for final confirmation by cointelegraph..
Not cointelegraph but coindesk: https://www.coindesk.com/2x-called-off-bitcoin-hard-fork-suspended-lack-consensus/
coindesk is authentic too.. so the news is confirmed.. no segwit2x..
Cointelegraph confirmed!
https://cointelegraph.com/news/segwit2x-is-dead-long-live-bitcoin-price-hits-all-time-high-as-hard-fork-canceled
Price shooting up to $7800, lol 😂 looks many were against it
segwit2x token on hitbtc lost 83.26% within 30 minutes..
Yes, it is true. Segwit2x is called off. See the news at Coindesk: https://www.coindesk.com/2x-called-off-bitcoin-hard-fork-suspended-lack-consensus/
Wow! If this is true, I'm surprised!
I really thought there would be more movement in the market after the anouncement. Maybe there will be soon enough. I expected there to be a bigger btc sell off and altcoin surge. maybe it's happening just slower than many expected.
I think so too. There will be a big collapse because the majority of the people who buy bitcoin is purely for speculation only. I think the majority not fully understand the mechanism of bitcoin. They just see it keep going up so want to profit from it. It can only go up if more people accept to pay higher price for each coin. Until certain point when the price is too high enough, many people will sell it to cash out to realize the profit and avoid the risk of loosing what have been earned. That will make the price drop fast. Other people will see that and do the same because the believe "the collapse is happening" and it drop faster,...
I it is a great news for BTC lovers.
Goodie. The price will go up then ;)
Думаю к концу года цена дойдет до 10000$ за биткойн-этому есть все предпосылки.
BTC isn't going anywhere boys and girls.
BTC is to cryptocurrencies as WoW is to MMOs.
A good decision was made not to cause a 50/50 split in BTC. Would have been public relations disaster.
Need higher level of consensus before a major change
Great post
Great post
@good-karma I saw the news on coindesk and am very glad about this
I read a post that it is cancelled. Not confirm
In a few years we will be talking about the segwit effect.
Haha Feroz :P
Just saw you on SteemFest video :D
Guys read this if you have time..
Interesting one..
https://steemit.com/bitcoin/@shrutisaagar/update-post-to-the-coins-i-mentioned-who-were-in-sync
The Steemit community simply wasn't ready for a blockchain increase. Give it a bit of time and that may change, but for right now that fork would have only hurt us as a whole.
Thanks for elaborating, @good-karma.
God Bless,
@Apocalypse612
Bishop Corey DeFrancesco
this is great! cheers all bitcoiners!
Bitcoin will break $10K by years end.
bitcoin won't collapse although it may drop for a short while.
We don't need any fork until next year. Pls stop forking btc
I feel like sending those people Hamlet's soliloquy: TO BE OR NOT TO BE. That's the question. Well, I feel disappointed. I was one of those people who tried to sell the other coins and bring some fiat money in to be prepared for this fork. Again, this looks like what internet has been all its life: a non-trusting phenomenon. To be a good enterpreneur, you need to have certain qualities that many of those people who want to have an online business lacks. In many cases, they don't want to put any effort and dedication to what they are constructing. And the spirit of being a decision maker is not visible. So, a cancellation for this or that is very potential and not only that, sometimes they dare to abandon the business with no notification and even close pages. Segwit2x is a thumb down right now. The cointelegraph just announced like this: "A circular sent to the mailing list by major proponent Mike Belshe says that it was “clear” the project “had not built sufficient consensus for a clean blocksize upgrade at this time.”
SegWit2x will therefore not activate Nov. 16 as planned, Belshe not naming a possible future date."
I think if Belshe would try today to give a date today, many people would say NO to him anyway.
Bitcoin.com just decided to close doors: "Roger Ver, appearing disappointed at the NYA signers’ decision to cancel, released a message confirming his Bitcoin.com resource would strictly deal with Bitcoin Cash only in the future."
The good news is that Bitcoin went up higher. For the last 2 to 3 days was going down, close to $7000 and now it is above $7500. Good time to invest in some potential coins with the extra money, just in case it goes a little bit down in the future. Although, with the holidays so close, probably it wont go down. I hope so.
If i understand correctly btc needs a bigger blocksize for it to work faster right? ...so if they don't do that , and more and more people going to use it , won't btc be unuseable?
He notado tu apoyo, gracias @good-karma .
Seems like the fork bended ;D
So what does this mean for the price? Will it begin to correct or will it keep rising?
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It might be a good opportunity for another alt to prove the value of segwit2x
This is a great post..
help & upvote me plz...
Growing 7770
wow.. if it is not a rumor.. this info it's going to cause some crazy days in the market :)
Wow really?
That's a good post ....such as this
@g
Followed and upboted
On the road to $8000
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@good-karma, very nice informations shared and also point out an issue. i hope it will stable soon need next 4,5 months. we should hope for the best. good luck
steem on...!
good decision to stop these forks.. would be madness if they continue the trend.
wow, I did not see this coming. Well, the market seems to like the idea.
I am surprised that news @good-karma.
With the hard fork becoming a thing of the past, @good-karma do you think the market value of BTC will drop in the coming days? Or it could go to the Moon.. :)
I have good point of BTC in this season. So dont need BTC fork this season again. We have great belief about bitcoin.
Resteemed.