New Bitcoin fork today - Segwit2x , which has nothing to do with the cancelled Segwit2x
Does anyone really care anymore? There are new forks of Bitcoin every day it seems, and the whole Bitcoin Legacy is being dragged down as they happen.
This fork is scheduled for December 28th (now!) and despite sharing the name with the cancelled Segwit2x for that was cancelled in November, none of the persons involved in the original Segwit2x fork has anything to do with this one.
What does it do, and who are they?
According to the founder Jaap Terlouw, who there is almost no information on anywhere online, Segwit2x supposedly has better replay protection and 4mb block size.
The 21 million coins will be distributed to Bitcoin holders.
The business developer Donna Khyuz has no internet presence either. Her photo on the Segwit2x website leads to a dead LinkedIn profile. Hackology reported that an archived version of Khyuz's Instagram lists her as a "model, dancer, actress and Business Woman"...wow..that gives trust..
And same thing with the other "developers and engineers"
The original segwit2x was called off because the community thought it would damage the Bitcoin ecosystem. But that's 500 crypto years ago, which is about 4 months in the real world. After that we've had Bitcoin cash disrupting the community, along with Bitcoin gold, Bitcoin Diamond, Bitcoin Platinum, Super Bitcoin, Bitcoin God, Bitcoin Uranium...and many more.
It's fair to say that the community has split despite the effort of not splitting it.
Should I buy the new Segwit2x?
To be honest, the coin raises multiple red warning lamps. I'm not going to argue about Segwit vs not-segwit or wether or not BCH is better than BTC, or if a new segwit BTC would be better. I honestly don't know.
What I do know, is that there is all of a sudden tens, if not more than twenty different Bitcoins out there, and it is hurting Bitcoin.
And this one - is priced at $400USD! 400 dollars! That is a market cap of $8 billion! Which would make it amongst the top10 most valuable coins. That's absurd. A coin with basically a stripper and some empty LinkedIn account behind it?
No thanks. I'll probably buy this coin at $1 dollar, where I suspect it should be.
I actually bought tens of thousands of Bitcoin2x(BTC2X) some weeks ago, because it is insanely cheap. Mcap of around $200,000USD. And sure, it sounds like a semi-scam coin, but so does this new Segwit coin. But the one I bought costs $0,007 per coin, while this new crap costs $400 per coin.
Perhaps someone can shed some light on this new coin, and why I'm wrong bashing it. Please prove me wrong!
LOL, I wouldn't even buy it at $1, that's way to expensive for a shitty fork with unknown devs. What exchange will add this shitty fork anyways? Any reputable exchange that adds this shit should be boycotted!
HitBTC has it!
Sir can I resteem your post?
Of course!
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I do think so many different bitcoins are diluting the brand and it could have negative effects in the long term. People will be confused when hearing bitcoin because they would not know which one is being talked about.
I don’t like so many fights and division around bitcoin and I think it will be healthy for crypto in general if some other project like ethereum took over the #1 spot
I think it will. Don't worry. Bitcoin and it's forks will probably be worth 10-50-100k. It won't really matter, because it will not hold it's high market share for long. It held 98% market share a year ago! 43% today. With all it's forks perhaps as much as 55%. But in a year it won't have more than 5-10%
It’s hard for me to trust a lot of these forks and you bring up a lot of good points about it. Forks are something that are really difficult to explain to people not too familiar with crypto as well.
Good aRticle
bitcoin does not end these divisions
Always a new split is strange
Bitcoin is a flogged out old dinosaur in all it's forms!
I fully agree. While a lot of new cryptos have sketchy backings, we're still at such an early state in the market that any coin has the chance to go big, so perhaps hedging our bets and splashing some cash on cheap new coins is the best way to stumble upon riches.
Cheers and good luck to everyone in the community.
whats wallets support thenew forks