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by nikcub
3202 days ago
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If you follow Bitcoin politics you'd know that there is a large population of Bitcoin users who like this decision[0][3][4]. There is an upcoming contentious hard fork in Bitcoin called Segwit2x. It activates in November and is supported by some miners and a number of Bitcoin companies. Those who oppose that hard fork believe cutting China out of the network will cause the proposal to fail. Segwit2x was a compromise between Bitcoin providers and the very miners that China look like shutting down now - primarily Bitmain, who many believe are also behind, or in control of, the previous bcash bitcoin fork. The compromise was activating Segwit in exchange for miners getting their wish of a 2MB block size increase. Segwit has since been force-activated with a user-activated soft fork - so many feel the compromise is now not necessary and presents many risks. [0] https://twitter.com/stefanobernardi/status/91023339225132646... [1] https://bitcoincore.org/en/2016/01/26/segwit-benefits/ [2] https://github.com/OPUASF/UASF |
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