<story><title>Bitcoin Is Having a Civil War as It Enters a Critical Month</title><url>https://www.bloomberg.com/news/articles/2017-07-10/bitcoin-risks-splintering-as-civil-war-enters-critical-month</url></story><parent_chain><item><author>jerguismi</author><text>&amp;quot;I suspect that SegWit2x will end up taking over the network&amp;quot;&lt;p&gt;What? They had first release like yesterday, the project has released one tarball, no packaging, no very good marketing etc. The biggest marketers seem to be the tinfoil hat opponents who fear the fork so much that they speak about it everywhere.&lt;p&gt;I don&amp;#x27;t think it is at all likely that segwit2x client will gain support. Or if it will gain support, it will take years at this point for it to gain any considerable support.&lt;p&gt;The whole thins is totally exaggerated. People have nothing to talk about, so they will invent tinfoil hat scenarios and discuss those. Bitcoin protocol has staid fundamentally the same for many years and it is pretty likely that it will stay that way.</text></item><item><author>buttershakes</author><text>This is a fight for control of Bitcoin. It is business interests on both sides fighting for a position of authority. SegWit2x is an attempt to remove control from the core dev team, which while technically strong is full of zealots with questionable motives and terrible management skills. Bitcoin ABC and Unlimited have their own parts to play as factions. It&amp;#x27;s getting tense, but it&amp;#x27;s been years in the making. Groups unwilling to compromise on the most basic points. I suspect that SegWit2x will end up taking over the network, but I&amp;#x27;d rather see a pure large block faction like Bitcoin ABC. Either way the core developers are going to lose control of a 40 billion dollar network, possibly one of the biggest fails in modern technology. They will be left on a minority chain which will have little relevance going forward. I&amp;#x27;ve said it before but anyone who put money into Blockstream has to seriously be wondering what the hell they are doing, there CEO should have been kicked out a long time ago, he has no relevant experience to actually running an organization and has royally messed it up.</text></item></parent_chain><comment><author>buttershakes</author><text>The only support it needs is hash power support. That&amp;#x27;s it. If enough of the hash power can be pulled into it, then it&amp;#x27;s game over for a minority chain. Running nodes costs almost nothing which means the network can be flooded with segwit2x supporting nodes, and companies will be motivated to switch over.</text></comment>
<story><title>Bitcoin Is Having a Civil War as It Enters a Critical Month</title><url>https://www.bloomberg.com/news/articles/2017-07-10/bitcoin-risks-splintering-as-civil-war-enters-critical-month</url></story><parent_chain><item><author>jerguismi</author><text>&amp;quot;I suspect that SegWit2x will end up taking over the network&amp;quot;&lt;p&gt;What? They had first release like yesterday, the project has released one tarball, no packaging, no very good marketing etc. The biggest marketers seem to be the tinfoil hat opponents who fear the fork so much that they speak about it everywhere.&lt;p&gt;I don&amp;#x27;t think it is at all likely that segwit2x client will gain support. Or if it will gain support, it will take years at this point for it to gain any considerable support.&lt;p&gt;The whole thins is totally exaggerated. People have nothing to talk about, so they will invent tinfoil hat scenarios and discuss those. Bitcoin protocol has staid fundamentally the same for many years and it is pretty likely that it will stay that way.</text></item><item><author>buttershakes</author><text>This is a fight for control of Bitcoin. It is business interests on both sides fighting for a position of authority. SegWit2x is an attempt to remove control from the core dev team, which while technically strong is full of zealots with questionable motives and terrible management skills. Bitcoin ABC and Unlimited have their own parts to play as factions. It&amp;#x27;s getting tense, but it&amp;#x27;s been years in the making. Groups unwilling to compromise on the most basic points. I suspect that SegWit2x will end up taking over the network, but I&amp;#x27;d rather see a pure large block faction like Bitcoin ABC. Either way the core developers are going to lose control of a 40 billion dollar network, possibly one of the biggest fails in modern technology. They will be left on a minority chain which will have little relevance going forward. I&amp;#x27;ve said it before but anyone who put money into Blockstream has to seriously be wondering what the hell they are doing, there CEO should have been kicked out a long time ago, he has no relevant experience to actually running an organization and has royally messed it up.</text></item></parent_chain><comment><author>ascendantlogic</author><text>90% of the hashing power has signaled their intention to adopt segwit2x as of late June. I assume it will become the dominant chain once it locks in right before August 1st.</text></comment>