The S2X hard fork attack on bitcoin shows no signs of abating.

perfect86 (32) in bitcoin • 7 years ago

The community has signalled their opposition in several ways.

A number of major exchanges have made it clear that S2X will be listed as a different token if they list it at all
Bitfinex launched a futures market where one S2X token trades at just 1/4 of the price of BTC
Full nodes overwhelmingly support BTC and only a sybil attack using AWS nodes might show any support for S2X
Virtually the entire development community has come out against S2X
Giant whale holders of bitcoin have declared their intention to stay on the BTC chain and dump the S2X chain

These are all positive signs but the battle is not yet won. Challenges remain.

S2X still has no replay protection and the dev team (I mean Jeff Garzik) is still pushing untested changes to a code base; supposedly an 'upgrade' to a live 80 billion dollar financial network.
A number of major businesses continue to support it with at least one declaring an intention to commit financial fraud by labeling a fork-coin as 'bitcoin'
Miner signaling for S2X remains high

I would ask that all miners opposed to S2X, who value the current development team protecting their money through diligent effort and extreme operational security, to signal for BTC.

I would ask that all mining pools allow their users to signal for BTC if they prefer.

We have already sent a lot of market signals that S2X will be rejected. We need more responsible miners to do the same.

Trusting 80 billion dollars to one guy who is willing to burn the whole thing down and make reckless code changes is not a way to protect your future block rewards and wealth.

bitcoin photo blog life

7 years ago by perfect86 (32)

$0.00

9 votes

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!

Sort Order:

Trending

[-]

minnowpond (62) · 7 years ago

@royrodgers has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.

        To receive an upvote send 0.25 SBD to @minnowpond with your posts url as the memo
        To receive an reSteem send 0.75 SBD to @minnowpond with your posts url as the memo
        To receive an upvote and a reSteem send 1.00SBD to @minnowpond with your posts url as the memo

$0.00

1 vote

[-]

steemitboard (66) · 7 years ago

Congratulations @perfect86! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes
Award for the number of upvotes received

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

$0.00