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I'm going to repost here a comment I left on reddit. This Segwit2X has almost nothing to do with the original "Segwit2X". They are basically taking what they t
by Klathmon 9y ago
I'm going to repost here a comment I left on reddit.
This Segwit2X has almost nothing to do with the original "Segwit2X". They are basically taking what they think is the good parts of all cryptocurrencies, and are putting it into one monstrosity.
- X11 based algorithm from DASH
- 2.5 minute blocktime from litecoin
- 4mb (closer to 8mb with segwit) blocksize from Bitcoin Cash
- difficulty adjustment algorithm from Bitcoin Cash
Plus they are promising some pretty impossible stuff in the "future":
- ZkSnarks from ZCash (which they list on the same line as "anonymous transactions" in some areas, and on a different line in others...)
- Lightning Network from Bitcoin
- Smart contracts from ETH
- Something called "offline codes" which god only knows what it means
Basically it's a shitcoin that is trying to lure people in with impossible promises and just taking what they think is the best thing from every major cryptocurrency and putting it into one disgusting abomination.
Oh, and they chose a loaded name to make sure they'd get some coverage in the "news".
This "Segwit2X" has literally nothing in common with the previous "Segwit2X" from november except for the name. Nothing else is the same. How they got any exchanges to list it under the same name i'll never know... If I was a betting man, I'd wager that the guy running this lost a bunch of money when the S2X futures market crashed since the fork never went through, and he is looking to recoup it by starting the process back up and pumping the futures cost so he can get out.
But on the up side it's really showing me which "news" sites and exchanges I should stay away from, because they clearly don't even vet the stories or coins they are going to be listing.
- olalonde 9y agoYeah, it's sad that Cointelegraph would give him/them publicity. Also, you forgot to mention that they're rewarding themselves with 2M coins: https://github.com/SegwitB2X/bitcoin2x/commit/08220e2a3c8ba8f53801302a8b7b6d6da5a39645 https://github.com/SegwitB2X/bitcoin2x/commit/08220e2a3c8ba8....
- asymmetric 9y agoNote to others: BCash is a contentious name, mostly used by people who antagonize Bitcoin Cash, the preferred and official name.
- Klathmon 9y agoSorry, forgot it's a loaded term. I updated the comment.
- illumin8 9y agoAnother shady thing they are doing: > The founder also promised 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.” This seems pretty bad. Satoshi Nakamoto may not even have access to his coins, but what if his heirs or family wanted to take ownership of them? They should be able to do so. Do we just decide that anyone who owns a sufficiently large number of coins should have to forfeit them at the whim of whoever is creating the altcoin of the moment?
- Klathmon 9y agoOh yeah forgot about that part, they are just going to rewrite history and give out a bunch of coins because they can...
- deleted 9y ago[deleted]
- cornedor 9y agoIf you look at the team, there seems to be zero experience with cryptocurrencies. Yesterday there was only one "core" developer, a founder (not a developer) and a business developer. They now have another business developer and another software developer.