a decentralised currency. And this point is why the Bitcoin community has been so strongly advocating that the fork is,not only bad for Bitcoin in general, but also lays the foundation for a dangerous principle that Bitcoin can be controlled by CEOs instead of the community. It has been clear for a long time that this fork would split the Bitcoin community so why is it only now that the fork has been called off? So lets see if companies and developers are going to take advantage of SegWit in the coming months. Although we strongly believe in the need for a larger blocksize, there is something we believe is even more important: keeping the community together, the note says. Known for its strong early support from bitcoin startups and mining pools, the plan, called Segwit2x, or simply 2x, was to trigger a block size increase at block 494,784, expected to occur on or around November 16th. This is dangerous because it has triggered it has most likely triggered the following thought for scammers out there in the community of which there are many why dont we create a hard fork and then cancel it? The announcement has been signed by BitGos Mike Belshe, Xapos Wences Casares, Bitmains Jihan Wu, Bloqs Jeff Garzik, Blockchains Peter Smith and Shapeshifts Erik Voorhees. Why Are We So Cynical?
In other words, a group of around 40-50 people made a decision about what should happen to the Bitcoin network without consulting anybody else. Based off this, you might think that the community voted for the hard fork, right? The bitcoin blockchain was supposed to split into two blockchains in roughly 8 days. WHY DID THE community hate THE fork? The Pro Segwit2x argument goes like this: Years ago, Bitcoin was very cheap and fast.