So basically this guy is forking bitcoin, causing contention between miners, etc, and now is making a new coin that allows him to profit from that contention?
But no, everyone builds off ETH so they can hype their pre-mine.
Nope. ~80% of miners, 90% of Bitcoin businesses, and at least half of the community are forking Bitcoin.
Jeff just happens to be the lead developer for the new client. The contention has been there for years and it's been fueled by the horrific sensorship on the main communication channels.
This is sad to see though. I don't know how he'll find time to juggle both of these projects.
source?
Meanwhile "signers" of the New York "Agreement"[1] are dropping like flies, most recent Coinbase that says they will support the core chain.
Hell the biggest "proponents" of 2X aren't willing to risk their own bitcoin in a swap (eg: Ver who has backed out of such promises in the past too with BCH)
2X is nothing but a scam to get suckers to sell BTC for B2X while people like Ver sell B2X to get more BTC!
Its funny how the bitcoin haters talk about censorship-- reality is /r/bitcoin is not censored, but the entire 2x movement was done behind closed doors, with no peer review, with a heavily censored slack channel and mailing list-- that is if you can get on it in the first place... while bitcoin does all this in public.
2X hasn't had commits or serious work in months last I checked and I really feel sad for the people who bought the propaganda these scammers are selling.
[1] It's not an agreement when only one side agreed with itself.
As a complete outsider not paying much attention this is the first time I've ever seen anyone try to make this claim, it seems easily disproven.
Now look at my comment you are replying to-- -3 -- an attempt to downvote it into oblivion with no actual responses (other than yours) to the points I made.
There is censorship going on, but the ones crying the loudest are the worst offenders.
Miners follow the money. They are irrelevant for hard forks.
> 90% of Bitcoin businesses
Coinbase and Bitfinex all announced 2X will be listed as an alt coin. So the largest USD > BTC exchange and the large BTC > alt exchange are both listing 2X as an altcoin.
> and at least half of the community are forking Bitcoin.
There's zero way to poll the "community". 90% of the community has no damn idea that this is going on, and of the vocal 10% the majority are supporting the current client by non-scientific accounts (population of /r/bitcoin vs /r/btc).
> Jeff just happens to be the lead developer for the new client.
By all accounts he's effectively the only developer.
> This is sad to see though. I don't know how he'll find time to juggle both of these proj
One of them is already dead per the Coinbase/Bitfinex announcement. And frankly, he wasn't doing anything with it aside from increasing the block weight anyway.
This wiki article describes an atomic swap process.
I believe the largest issue with that process is that it takes multiple steps. Those steps can be reversed if the process is halted (and are therefore atomic). However, needing to transmit to the network multiple times and wait before continuing makes it a hassle to carry out manually. That leads to either wallets or trusted third parties completing the transaction for you so you don't have to sit and wait.
This is good for Bitcoin.