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Bitcoin community is very skeptical about SegWit2x

03 October 2017 21:00, UTC

SegWit2x, the protocol update for Bitcoin, risks to become even more controversial than SegWit which has already been implemented. While the SegWit hard-fork had more consensus amongst the major market players, the latest news messages about SegWit2x always include skepticism about the New York Agreement and the supposed usefulness for cryptocurrency holders.

From the beginning of this autumn, crypto companies have been leaving SegWit2x (Bitwala, F2Pool, Wayniloans), and key figures of the crypto market and finance blockchain coding expressed their suspicions that maybe Bitcoin does not need SegWit2x after all. The BadBitcoin.org project went as far as to remove the leader of Bitcoin.com website from its safe list, which means that in the team’s view, one can’t trust this site. Other SegWit2x opposers, while demonstrating less zealotism, have recently added the #NO2X hashtag to their recent Twitter posts or even to the titles of their Twitter accounts, with Charlie Lee, creator of Litecoin, being a prime example. The leader of Bitcoin.com and Charlie Lee even hold a wager about this update.

Articles and opinions on the matter are as well skeptical. While some authors doubt that the new currency, in case it appears, would have a good price (as it’s unlikely that it will repeat the success of Bitcoin Cash), other columnists point out that no companies should decide what to apply to Bitcoin without asking anyone else. We have yet to see what will actually happen during the SegWit2x implementation, but judging from the overall atmosphere, the market will negatively react to the change.