Author Topic: SegWit2x Version 2.0 - a Farce?  (Read 16 times)

Offline Bob von Crypto Karma

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SegWit2x Version 2.0 - a Farce?
« on: December 31, 2017, 04:17:34 AM »
original on cointelegraph...
"If we are to believe what we are told - the Bitcoin Blockchain has forked once again after the revival of SegWit2x.

The fork, which was abandoned in November due to a lack of consensus among original signatories of the New York Agreement, proposed an increase in Bitcoin’s block size from 1mb to 2mb in an effort to improve its scalability.

Much like Coinbase’s surprise announcement of Bitcoin Cash support a week ago, SegWit2x’s revival popped up on the internet courtesy of a new website, headed up by a completely new team of developers from those that had worked on the original SegWit2x code.

The developers celebrated the launch of SegWit2x at block number 501451 on Dec. 28, although potential users will only have access to the new B2X coins on Jan. 15, 2018.

According to the website, B2X features will include a unique address format, a two and a half minute block generation rate while the mining complexity will be recalculated after each new block is generated.

Furthermore, the block size will be increased to four mb, as opposed to the original two mb proposition by the original SegWit2x developers. Replay protection is also being touted, which was a major shortcoming in the proposed fork a few months ago.

All of this sounds great - but it actually sounds too good to be true."

The more I read about this the more troubling it appears.
Is this the future of Bitcoin? Random groups trying to ride on its coat tails and helping themselves to millions of premined coins?

What do you think?

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Offline Ornex

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Re: SegWit2x Version 2.0 - a Farce?
« Reply #1 on: December 31, 2017, 01:36:44 PM »
Yes i agree with you...
Bitcoin is next generation platform,  oneday all world dependent on bitcoin .. that;s reason is big easy and satisfy platform..