Bitcoin Segwit2x Cancelled……. Or Is It?

So yesterday we had the announcement which was issued by Mike Belshe via a circular basically said that due to lack of consensus the Segwit2x fork will no longer be happening:

“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.”

Within minutes of this announcement we saw Bitcoin’s value hit a new all time high just shy of $8000, this corrected pretty quickly and actually then dropped right back down to the $7200 range.

Segwit2x Still Going Ahead?

But as usual with Bitcoin, nothing is that simple. Today we are hearing news that the Segwit2x fork may still occur:

Many are suggesting this is merely a hoax, for one, who is Bitpico?

A 30% share of the bitcoin hashrate is quite significant power, one which nobody seems to be able to verify. We apparently just have to take Bitpico’s word for it.

Meanwhile Roger Ver who has been an adamant supporter of the Segwit2x NYA released the following press release which expresses their intention to continue supporting the Segwit2x chain by default, however in the event Segwit2x does not activate all of Bitcoin.com’s hashing power will be thrown at Bitcoin Cash:

Ledger Nano S - The secure hardware wallet

2017-11-09T18:07:36+00:00

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