The big story of yesterday is the alleged cancellation of SegWit2x. However, the fork wills till go ahead as planned. Whether or not there is enough support, remains to be determined. Things can easily head in either direction over the next few weeks. Peter Todd isn’t too happy about this decision or its retraction. More specifically, a lot of time has been spent on infrastructure upgrades to accommodate this fork. It seems most of the work has been in vain.
It has to be said, Bitcoin companies have kept an open mind toward SegWit2x at all times. Some even openly supported it by working on infrastructure upgrades. The big question is whether or not all of this was in vain or not. There is still some confusion over this upcoming hard fork. According to the latest information, it will launch next week. However, its viability is in question right now, for obvious reasons. This would render all of the hard work moot.
Peter Todd on the SegWit2x Cancellation
Peter Todd isn’t too happy about the decision either way. More specifically, the time and effort wasted could have been spent otherwise. He claims there are a few individuals who can “foot the bill” for this mess. It is unclear if anyone holds them responsible for these developments, though. Everyone knows SegWit2x is controversial at best. Moreover, some people pulling the strings have ulterior motives in Bitcoin from day one…