Coinbase Clarification on the upcoming Segwit2x Fork

in #coinbase7 years ago (edited)

In their prior blog post they indicated that at the time of the fork, the existing chain will be called Bitcoin and the Segwit2x fork will be called Bitcoin2x.

However, some customers asked them to clarify what will happen after the fork. They are going to call the chain with the most accumulated difficulty Bitcoin.

They will make a determination on this change, once they believe the forks are in a stable state. They may consider other factors such as market cap or community support to determine stability.

It’s important for them to keep a neutral position in any fork. They believe that letting the market decide is the best way to ensure that Bitcoin remains a fair and open platform.

Get 10$ worth bitcoin for free - https://www.coinbase.com/join/58188a20b93eb567d1b760d3

Sort:  

Hello & Cheers!! I'm a content detection and information bot. You are receiving this reply because a short link or links have been detected in your post/comment. The purpose of this message is to inform your readers and yourself about the use of and dangers of short links.

To the readers of the post: Short links are provided by url shortening services. The short links they provide can be useful in some cases. Generally their use is benign. But as with all useful tools there are dangers. Short links can be used to hide all sorts of things. Quite frequently they are used to hide referral links for instance. While not dangerous this can be deceptive. They can also be used to hide dangerous links such as links to phishing sites, sites loaded with malware, scam sites, etc. You should always be extremely cautious before clicking on one. If you don't know and trust the poster don't click. Even if you do you should still be cautious and wary of any site you are sent to. It's always better to visit the site directly and not through a short link.

To the author of the post: While short links may be useful on some sites they are not needed on steemit. You can use markdown to format your links such as this link to steemit. It's as simple as [steemit](https://steemit.com) Unlike short links this allows the reader to see where they are going by simply hovering over the link before they click on it.

This message was created by a bot. It is part of the ongoing fight against spam and phishing attacks on steemit. If you did not use short links in your post and feel you have received this message in error you can contact @fubar-bdhr on discord or @fubar.bdhr on steemit chat to report the issue.