Hard Fork, Take Two: SegWit2x :: Another SCAM?

in #bitcoin7 years ago (edited)

I came across this article yesterday : https://cointelegraph.com/news/hard-fork-take-two-segwit2x-will-return-dec-28-says-founder

The controversial SegWit2x Bitcoin (BTC) hard fork will go ahead on Dec. 28, according to the project’s official website.

The SegWit2x project, which caused months of debate and infighting among the Bitcoin community prior to its last-minute cancellation in November, now says it will fork off at block 501451, due in around two days’ time.

The project’s Founder and Lead Developer, Jaap Terlouw, stated on their site that the fork aims to address issues of “commission and transaction speed within the Bitcoin network,” adding that currently, Bitcoin is “almost impossible to use as a means of payment.”

Confirmation that the hard fork will, in fact, take place is indicated both in the roadmap on the project’s site, as well as in a direct quote from Terlouw:

“Our team will carry out the Bitcoin hard fork, which was planned for mid-November.”

The founder also promised that in addition to the common practice of crediting BTC holders with equivalent balances of the new coin (B2X), they would also receive “a proportional number of Satoshi Nakamoto’s Bitcoins as a reward for their commitment to progress.”

In total, eight exchanges are listed as official supporters of the fork. The project’s roadmap includes features such as Lightning Network support, smart contracts and, ultimately, anonymous transactions.

Forking season
In the past six weeks, Bitcoin Cash, another Bitcoin hard fork formed in August, has become the central talking point of the industry, as it sees remarkable growth and sparks shifts in mining and investment behavior, affecting Bitcoin’s price.

The latest incarnation of SegWit2x has so far received comparatively little publicity. However, the website copy conspicuously name-dropped one particular exchange, HitBTC. Speaking about existing SegWit2x futures, Terlouw is quoted on the site as saying:

“At the same time, trading of its [SegWit2x] futures has been carried out on some exchanges for a long time. HitBTC is among them.”

When the project first saw hints of a comeback on Dec. 19, futures prices of B2X coins saw an uptick from under $200 to almost $600, a trend which has remained steady prior to the launch.

For BTC investors, a key appeal of new Bitcoin ‘versions’ or hard forks is the duplication of their BTC holdings in the new coin at the time of each snapshot, which essentially provides them with a supply of “free money.”

My Opinion :

Bitcoin is still expanding and articles like this are extremely misleading for new people who don't know much about it.
For them, its "Free money" they get by merely holding their bitcoins. A win-win situation for both the networks that support this shitfork and people who want "free money".
These shitforks are only messing up the concept of cryptos for new people.
I just hope it doesn't affect the bitcoin mining pool, i don't think they are stupid enough to abandon bitcoin for this. unless they're exclusively paid for this, which i doubt.

"The project’s Founder and Lead Developer, Jaap Terlouw"
What? I wonder how lower could he go than calling himself founder of segwit2x
It's the same altcoin strategy, create shitcoins to fool people and get quick money outta nowhere.

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I think it's scam, yes

It surely is.
I would strongly recommend everyone contacts their preferred exchange(s) and ask them to not list this shameless doppelganger, which could well be a complete scam.

Nice idea! We are overhalmed with scam-forks of BTC! As far as I know bittrex willn't list it.

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