[Bitcoin-segwit2x] Segwit2x Final Steps

Marcel Jamin marcel at jamin.net
Thu Nov 9 07:53:53 UTC 2017


Given the fact that even with support from so many companies there
wasn't enough interest to make it happen, I don't understand what
you're going for here.

What's your goal? What's your best case scenario?

On 9 November 2017 at 01:05, bitPico via Bitcoin-segwit2x
<bitcoin-segwit2x at lists.linuxfoundation.org> wrote:
> We are carrying out the fork regardless as everything is set in motion.
> Backing down the difficulty right now is a strategy. Wonder why 30% network
> hash-rate disappeared?  It’s ours; the miners that will continue what is set
> in motion... A handful of humans cannot stop what they have no control
> over...
>
> Sent from my Space Ship
>
> On Nov 8, 2017, at 11:58 AM, Mike Belshe via Bitcoin-segwit2x
> <bitcoin-segwit2x at lists.linuxfoundation.org> wrote:
>
> The Segwit2x effort began in May with a simple purpose:  to increase the
> blocksize and improve Bitcoin scalability. At the time, the Bitcoin
> community was in crisis after nearly 3 years of heavy debate, and consensus
> for Segwit seemed like a distant mirage with only 30% support among miners.
> Segwit2x found its first success in August, as it broke the deadlock and
> quickly led to Segwit’s successful activation. Since that time, the team
> shifted its efforts to phase two of the project - a 2MB blocksize increase.
>
>
> Our goal has always been a smooth upgrade for Bitcoin.  Although we strongly
> believe in the need for a larger blocksize, there is something we believe is
> even more important: keeping the community together. Unfortunately, it is
> clear that we have not built sufficient consensus for a clean blocksize
> upgrade at this time. Continuing on the current path could divide the
> community and be a setback to Bitcoin’s growth. This was never the goal of
> Segwit2x.
>
>
> As fees rise on the blockchain, we believe it will eventually become obvious
> that on-chain capacity increases are necessary. When that happens, we hope
> the community will come together and find a solution, possibly with a
> blocksize increase. Until then, we are suspending our plans for the upcoming
> 2MB upgrade.
>
>
> We want to thank everyone that contributed constructively to Segwit2x,
> whether you were in favor or against. Your efforts are what makes Bitcoin
> great. Bitcoin remains the greatest form of money mankind has ever seen, and
> we remain dedicated to protecting and fostering its growth worldwide.
>
>
> Mike Belshe, Wences Casares, Jihan Wu, Jeff Garzik, Peter Smith and Erik
> Voorhees
>
>
> --
>
> Mike Belshe
> CEO, BitGo, Inc
>
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