matc9482
Posts: 1
Joined: Mon Nov 06, 2017 11:16 pm

SegWit2X

Mon Nov 06, 2017 11:30 pm

BTC's big selling point is that it isn't controlled by any single faction.

However, what I've read about the impending "fork" states that there's a major disagreement about which version of Bitcoin will be the top dog after the split. Here already we have people jostling to take control of the currency. And in addition, it is my understanding that SegWit2X is necessary to enable faster and greater volumes of transactions in Bitcoin, but surely this will need to be done again and again, then, as the currency grows in popularity.

Of course we're all here because we envision Bitcoin becoming a universally accepted form of liquidity in the future, and so further expansions to the blockchain seem inevitable. I just wonder if, while every person in the world is greedy for money, certain individuals/groups may ultimately seek to gain control. While SegWit2X appears necessary, I wonder if if - and future instances where similar steps need to be taken - poses a threat to Bitcoin's prosperity.

I'm not just talking this down - I've recently invested a fair amount and naturally I'm hoping that we see the price soar, but I'm just being a bit wary, and trying to fully understand this SetWit2X, and what it really means for the future of Bitcoin. I'm quite new to the game, so I'd appreciate the views of those of you with more knowledge about the situation. And I'm only a layman, so I'd also appreciate responses in as 'user-friendly' English as possible!

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