Crypto Update: Bitcoin Forked Up! Segwit2x in Dec 2017!

I don't know about you but I'm so tired of BTC forks at this point... Why not be original, go and make a new token! What we are looking at here in Dec. 2017 is not a new fork of BTC but one that was already scheduled and then called off called Segwit2x. In this article I will briefly explain what is going on and how it may affect the BTC price in coming weeks.

All the forking around in recent months has caused a lot of confusion, not to mention some unhealthy chart spikes for Bitcoin. However, according to the project’s official website, the controversial SegWit2x hard fork will go ahead on December 28. Months of infighting and debate were the result of SegWit2x which was originally planned to fork from BTC in November but was cancelled at the last minute.

Ok so there they said it folks mark your calendar, Dec. 28th 2017 marks the date of a new fork!

Jaap Terlouw, project leader of the Segwit2x fork now says that the new token will fork off at block 501451. Confirmation is given in their project roadmap and on the website;

“Commission and transaction speed within the Bitcoin network has reached extraordinary values. It is almost impossible to use it as a means of payment. Our team will carry out the Bitcoin hard fork, which was planned for mid-November. At the same time, trading of its futures has been carried out on some exchanges for a long time.”

Traders tend to jump on the digital train in hope of getting the extra coin when the blockchain splits. It is likely to happen again this time with the founder promising 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.”

Yah this doesn't seem to be happening right now... Wouldn't we expect BTC to be rallying instead of dipping downwards to 14,000 USD?

In my opinion we are looking at a situation where greedy developers are simply diluting the market and making it harder for cryptocurrency to gain mass adoption and be taken seriously. There have been too many forks this year for example there was Bitcoin Cash, Bitcoin Gold, Bitcoin Diamond, Bitcoin God, and Bitcoin Plus.

So I'll close with this remark. Please people stop forking up Bitcoin, be original, make a new blockchain, a new token, a new technology but leave this old dog alone!

Thanks for stopping by @techblogger

Source:

Stick a fork in it; SegWit2x is back - NewsBTC

Image Source:

News BTC