Post
Topic
Board Bitcoin Discussion
Re: segwit2x
by
acyclic
on 26/09/2017, 12:55:56 UTC
You might listen to GMAX here a little about that:
Thanks for the link. Watched the video.  I had read many of the highlights in the various bitcoin blogs but it was best to see it straight.

So if the x2hf succeeds then based on user demand for the solution from core either:

1.) POW hard fork - which would seem to me to result in a low hash power altcoin since BTC will be already in play at Coinbase, Gemini, Bitpay... based on their public statements of following the majority hash power or being actual NYA signatories.

or.

2) Core team walks away.

As far as 1.) I am trying to game out the world where this happens and I see a low hashpower altcoin as being a pretty anemic vehicle for the Core Team.  But perhaps they indeed could add some attractive new features that users would like and try to slowly build support and turn it into a real player.  The timing is going to be the tough thing here as it seems to take quite a while for a community to change based on features and the BTC-from-segwit2x coin would likely attract some level of qualified development to at least copy good open-source ideas and tack in alt/core's wind to forestall some of their momentum.

Another position from his talk that I take to heart is that the further you are from bitcoin core the more plausible bad ideas seem.  I have led software developments (not cryptocurrency) and I know full well that this is generally true.  I also know that it can not be effectively used as an overarching lever to convince a business  community or business leaders that their views must be subordinated. (when perhaps sometimes they should).