Post
Topic
Board Development & Technical Discussion
Re: Post your SegWit questions here - open discussion - big week for Bitcoin!
by
classicsucks
on 11/10/2017, 19:57:18 UTC

Segwit2x is nothing short of a coup attempt by businesses & miners in the Bitcoin space to oust the core developers of the Bitcoin code and force their control in the direction of Bitcoin technical development.


I don't disagree with you, but you must consider how and why this happened. Segwit had a 0% chance of adoption without Segwit2x. Kore was so adamant that Segwit must be adopted but totally unwilling to compromise on blocksize. Silbert drafted an agreement to increase blocksize to 2MB in exchange for the miners rolling out Segwit, which the miners went along with. Then, Kore suddenly claims that the 2MB hardfork can't happen, just like they did when they breached the Hong Kong Agreement. They've basically destroyed their credibility and isolated themselves on an island of dweebs, in an echo chamber of censored reddit posts. It's pathetic watching these "cypherpunks" appeal to the SEC, claiming Garzik is committing computer fraud, and threatening lawsuits. I won't miss all of their drama.

I'm expecting that Bitcoin Cash's replay protection will be merged into the 2x and 1x forks at the last minute (irony). There is no other way to prevent absolute mayhem. Also I expect the BTC 1x and 2x spam transaction level to rise astronomically, creating a situation where transactions are unconfirmed for a week or more. This could be pretty stressful if there are replay attacks happening! Not to mention the price fluctuations, likely leading to some exchange defaults and "hacks".