Segwit2x bifurcation hard suspension, but bitcoin expansion did not end the war
Distributed system expert AndreasAntonopoulos tweets said: “once the bifurcation, bitcoin.”
AkinFernandez is one of the developers firmly opposed the proposal, he simply wrote: “bitcoin won.”
It is understood that these people have reacted strongly to join a long protest movement “NO2X”, the movement gained dozens of companies and user support, they expressed their opposition by adding the prefix “NO2X” in their name to social media.
Similar to bitcoin this open source system, any change of core rules are required by different stakeholders to include bitcoin companies, developers and pool, and they for the future development of their own views.
In an invited to participate in the meeting, we found that the criticism of Segwit2x is mainly from the developers. But in fact, most developers is not against larger blocks, just think it lacks a frame of reference network largely unable to determine what changes may occur.
Therefore, Segwit2x suspension can be seen as the debate began in 2015 when the climax, bitcoin GavinAndresen tried to stimulate people to maintain interest in expansion. Since then, there have been several community expansion attempt.
However, although Segwit2x initially got the support of stakeholders, but it and BitcoinClassic, BitcoinUnlimited and Bitcoin-xt, have not been successful by.
Contrary to expectation.
Even many Segwit2x supporters feel relieved.
“I’m glad all over.” The miners GuyCorem said, he signed the Segwit2x agreement in May, “this is the right decision.”
The developers of Segwit2x Jean-PierreRupp said: “I think I can now focus on technology, but not in the news and online debate on.”
In Reddit and Twitter and other social networks, full of the fierce debate and even death threats. As a result of this situation, welcomed by the community that Segwit2x does not offer supporters hope.
Crypto currency software provider Blockchain CEOPeterSmith wrote in an article: “we are relieved, the New York consensus is the goal of the community together, and most of the users remain in the same chain.”
Many people have the same idea: through hard to increase the bifurcation block size is reasonable, but the premise is the agreement needs to obtain the bitcoin ecosystem with the support of all parties.
Coins.ph founder and CEORonHose said: “we are very supportive of increased block size, because customers are affected, but we hope that in a more responsible way, taking into account more voice.”
The new solution
Despite this expansion failure, but they still have a strong feeling of bitcoin still needs expansion in the future, to accommodate more new users.
Developer PeterRizun said: “we can either expand bitcoin block or bring people to a larger block of bitcoin on (BitcoinCash).”
Lightning network supporters praised the Segwit2x news of the defeat, lightning network (LightningNetwork) is a decentralized system. Excellence network lightning is no need to trust each other and the third party can realize real-time, massive transaction network, in order to transfer bitcoin transactions from the blockchain into their chain.
Lightning network CEOElizabethStark wrote on Twitter: “we are pleased to formally suspend bifurcation, return to work long-term solution, such as lightning network!”
Lightning network may be a possible solution, but it looks like the need to observe more carefully.
At the end of the week held at the Stanford University for a period of two days of technical seminars, technical difficulties of lightning network has also been mentioned, including how to ensure the privacy of transactions, a better understanding of the economic interaction. As the Hebrew University AvivZohar pointed out, to solve this problem, may eventually need more blocks to optimize network lightning. That is to say, only rely on the lightning network may not be enough, or too long.
Therefore, some people think that the enterprise will use other protocols, such as bitcoin cash (bitcoincash) or Wright currency.
CivicCEO and co-founder of VinnyLingham said: “we may start to see more and more enterprises to use the BitcoinCash transaction chain, because bitcoin transaction cost is very high, which is trying to solve the problem of Segwi2x.”
The long-term expansion of the Bitcoin.com block supporters, business developer JakeSmith said in the news after the failure to see the bifurcation, he immediately sold bitcoin. Smith said: “as far as I am concerned, bitcoin has just been sentenced to death.”
Similarly, OpenBazaar’s chief developer ChrisPacia said last week that more companies will turn to other choices. “There is no sense again after BitcoinCash bifurcation.”
The fight did not end
The expansion of the debate has ended, people in the future of bitcoin has new thinking.
Bitcoin is unique, it is a kind of mobile value to the center of the digital way, any one entity can not control. But for some people, Segwit2x failure does not mean that the expansion of the end.
Bitcoin developer Bashco pointed out that the future will be a substantial increase in the capacity of block proposal, and other developers, “they cure wounds, rally.”
A controversial move is Segwit2x developers decided to remove the called “replay protection” code, which means that this bifurcation may have been executed, if there are two chains, users of the funds may be at risk.
However, some people use this message to bitcoin calls for a change of culture and community, especially those who are aware of the government in the next few years will likely use a similar approach to the breach of an agreement.
The writer EricLombrozo BitcoinCore said: “we must continue to study the bifurcation, block chain division, construction tools and defense measures, because will try something similar again.”
Others are more optimistic, in the eyes of some people outside of the circle, the failure of Segwit2x seems to be a benign development.
Bitcoin anonymous blogger WhalePanda wrote on Twitter: “we won the battle… But… They will continue to destroy the bitcoin, we will not forget it.”