Forks, forks, forks: while SegWit2x gets even more controversial, another HF on the way

SegWit2x and New York Agreement are often viewed in the cryptocurrency community as a project by corporations to overtake control over market. For example, Charlie Lee, the creator of Litecoin, consistently implies this on his Twitter. However, other side has many respected cryptocurrency organizations as parties that signed the New York Agreement.

In the latest news on the matter, Coinbase has declared it would support a new cryptocurrency that might emerge during the implementation of SegWit2x protocol (as it happened before with SegWit in the late summer 2017). Bitcoin.org, one of the oldest sites dedicated to Bitcoin and cryptocurrency, has decided to inform the users about companies supporting SegWit2x, viewing them as organizations that would “jeopardize funds”. This notice has increased tensions in the community even more.

While cryptocurrency companies and enthusiasts argue with each other, a group of developers wants to democratize Bitcoin and attract new people to the market by making a new currency called Bitcoin Gold. Not much is yet known about the blockchain specifics of the future cryptocurrency, but the media points out that it would not be easy to repeat the success of Bitcoin Cash. There are messages that Bitcoin Gold to have addresses very similar to BCC and BCH, and this might confuse new members instead of making them more powerful.