F2pool Withdraws Support for SegWit2x
In a surprising twist in the Bitcoin narrative, F2pool, one of the leading mining pools, has become the latest to retract its backing for the SegWit2x hard fork. Wang Chun, the face behind F2pool, made it clear on Twitter that he had only committed to supporting the project until July. Now that we’re in September, it seems time’s up!
“I didn’t pull out of anything. I told @JihadWu long time ago that I would support segwit2x only until July. Now it is September.”
The New York Agreement Faces More Headwinds
This announcement is another hit for Barry Silbert’s New York Agreement, a plan that was supposed to unify the Bitcoin community but has been anything but unifying. Since its launch, achieving consensus has proven to be more elusive than that last slice of pizza at a party.
What Was SegWit2x Anyway?
SegWit2x was initially scheduled to create a third version of Bitcoin alongside Bitcoin Cash, set to roll out in November. However, not surprisingly given the ever-shifting landscape of cryptocurrencies, the project has sparked intense debate.
The Price and FUD Debate
While Bitcoin markets have shown resilience, some are questioning whether SegWit2x is actually a “FUD project” aimed at dragging down Bitcoin’s value. Oleg Andreev voiced these concerns, highlighting a sentiment among many crypto enthusiasts: uncertainty can be as heavy as your friend’s dubious chili recipe.
Bitcoin and Litecoin’s Diverging Paths
Interestingly, as Bitcoin figures out what to do next, Litecoin appears to be basking in glory. Its developers have been hard at work implementing the much-anticipated Lightning Network, which has led to noticeable price profit for the altcoin. Looks like Litecoin is on the fast track to becoming the cool kid in town!
Confusion with Bitcoin GPU
The crypto landscape is rife with speculation and confusion, and this week introduced another head-scratcher: Bitcoin GPU. This project appears to be a slapdash implementation sporting the Bitcoin Cash logo and lacking any credible technical details. It seems that in the world of digital currency, if one fork is good, four or five more must be even better… right?
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