There was supposed to be a Bitcoin fork coming soon (Segwit2).
The Segwit2x effort began in May with a simple purpose: to increase the
blocksize and improve Bitcoin scalability. At the time, the Bitcoin
community was in crisis after nearly 3 years of heavy debate, and consensus
for Segwit seemed like a distant mirage with only 30% support among miners.
Segwit2x found its first success in August, as it broke the deadlock and
quickly led to Segwit’s successful activation. Since that time, the team
shifted its efforts to phase two of the project - a 2MB blocksize increase.
Our goal has always been a smooth upgrade for Bitcoin. Although we
strongly believe in the need for a larger blocksize, there is something we
believe is even more important: keeping the community together.
Unfortunately, it is clear that we have not built sufficient consensus for
a clean blocksize upgrade at this time. Continuing on the current path
could divide the community and be a setback to Bitcoin’s growth. This was
never the goal of Segwit2x.
This is a surprise move. The developers actually putting the community first? Ethics finally coming into play in the debate? I'm going to be honest and say personally I never was in favor of Segwit2. I always thought it was a "half-assed" upgrade.
At the same time the response posts I see are also kind of strange but these are from the EtherTrader section of the web.
cashitterFull Node 371 points 4 hours ago
Six dudes just decided to cancel a fork - such decentralisation
Velocigility redditor for 3 months 1 point 48 minutes ago
Hey, it's their names and faces out there. If they really want to piss off this many people with dark web currencies, it's their call.
ayden010Burrito -3 points 3 hours ago
They probably had everything planned and made a fortune! I hope one day BTC crashes and disappears!
This decision by the developers is causing an unusual amount of anger from the market. Investors don't like the fact that developers can change their minds without any public debate or discussion. I suppose if I had bought Bitcoin expecting a fork to drive up the price I would also be pissed. But I think in this case the developers did what was best for the community and only wish they would have done it in perhaps a more polite and graceful way.
I expect Bitcoin to remain ungovernable, but to also have rising prices. Just because Bitcoin is ungovernable (especially in the long term) it doesn't mean people will not collect Bitcoins, or that Bitcoin will not rise in price. If I only cared about speculation then Bitcoin would be my biggest holding. The fact is I care a bit too much about technology perhaps and so I did not and do not benefit from the current price rise even though I could see it coming. I always ask myself, do I see myself actually using Bitcoin 5 years from now? I also ask myself, do the developers use the product? I expect Bitcoin to reach $10,000, and it already has reached over $9000 in Canadian dollars. Of course I could be wrong so don't take it as "investment advice".