Support Drops, Uncertainty Around SegWit2X Thickens
Spil November looms, the certainty of a hard fork for Bitcoin dwindles. The support for SegWit2X, or the Fresh York Agreement, looks shakier and is poised to fall through the cutoff line of 84%. According to CoinDance, right now support for SegWit2X is 86.6%, enough to create the hard fork.
The most serious druppel ter support happened when F2Pool stopped signaling for SegWit2X last week.
Once almost considered a ensured development, SegWit2X is getting shakier. Ter the world of cryptocurrencies, decisions are made on the go and even a few weeks may make a difference- so the fate of Bitcoin is still unknown.
Until now, SlushPool remains to oppose the hard fork, along with recently-converted companies Bitwala and Wayniloans, who talent up their NYA support.
Bruce Fenton, Bitcoin enthusiast and evangelist, things that larger blocks may not be a scaling solution- but he tweeted that the upcoming events are a true test for Bitcoin:
I don’t see the benefit of NYA / 2x at this stage.
What’s the end objective? Switching dev teams alone?
What makes it worth it? ROI?
Bitcoin Confucius Says:
The story of the hard fork is unfolding behind the scenes. And while SegWit2X wasgoed a widely publicized development, it turns out the hype wasgoed more than the real power and influence.
This BitcoinTalk thread mentions several more weaknesses to the SegWit2X bid, the very first being a lack of developers. Also, most total knots running at the uur still belong to Bitcoin Core:
The wars on the SegWit2X kwestie are an example of a decentralized system where some of the decisions are made by cliques and ter closed-door meetings. According to BitcoinTalk posters, one of the fattest threats is that Bitmain stands behind the SegWit2X chain, if it splits, and companies like Coinbase and XAPO go after through with the promise of following the chain with more difficulty and hashing power.
” But my main concern there is that Bitmain alone might control a majority of the global hash rate. It’s still seems like things could get very messy if companies like Coinbase, Blockchain, Bitpay and Xapo — ter addition to Bitmain — go after through on the fork.,” wrote long-term forum member extasie.
There are two opinions on the events ter November: one, that no hard fork will toebijten, and Bitcoin will proceed with one blockchain. And two, that a hard fork would toebijten, but would have problems with hashing power and fail.
Still, there are volgers of the larger block solution, and some of them are already dedicated to Bitcoin Contant, which split off to offerande larger blocks back ter August. But the Bitcoin Metselspecie blockchain comes with its own issues, mostly related to mining and shedding the coins quickly, depressing the price toward $300.