That’s right, this is not a joke Segwit2x has been cancelled, due to the lack off consensus an email was written by the CEO and co-founder of Bitcoin wallet software provider BitGo (one off the leaders of the Segwit2x project) arguing that the scaling proposal is to controversial to move forward.
Although for some people this may not come as a surprise, why? Because everybody knew that this wasn’t going to take off, the futures market already decided a B2X coins was going to be worth 10 to 15% off an actual Bitcoin.
Hopefully this serves as a lesson to show that you can’t overtake and make a new Bitcoin, Bitcoin is Bitcoin like it or love it and it’s not going to be replaced any time soon by any altcoin, regardless of the faster transactions it may have or the lower fees.
So now the question is what’s going to happen to the markets? Is Bitcoin going to fall under 6000? Are altcoins going to start rising like crazy? All I can say is that thanks to this forks the price of Bitcoin made a lot of new investors more interested in blockchain and a result this last 2 forks helped us reach new all time highs in this crazy and wonderful rollercoaster that is Bitcoin.
A link to the original news
[https://www.coindesk.com/2x-called-off-bitcoin-hard-fork-suspended-lack-consensus/]
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