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« on: November 08, 2017, 08:25:24 PM »
The suspension was announced by SegWit2x project lead Mike Belshe in an email distributed to the SegWit2x mailing list, but it also bore the signatures of Wences Casares, Jihan Wu, Jeff Garzik, Peter Smith, and Erik Voorhees. Interestingly, the statement was not signed by Barry Silbert, whose Digital Currency Group was instrumental in organizing the New York Agreement (NYA) that set SegWit2x into motion.
The agreement had called for both the activation of Segregated Witness (SegWit) and an increase in the blocksize to 2MB. SegWit activated earlier this year, although it is debatable what role the NYA played in its implementation. However, the blocksize increase never achieved consensus, and the debate became increasingly vitriolic as the approximate November 16 date for the hard fork approached.
At this point, nearly everyone was resigned to a scenario in which Bitcoin would split into two competing blockchains. However, those fears were dashed on Wednesday, as Belshe shared that the developers and promoters of the protocol upgrade were concerned that activating the hard fork could prove to be a “setback to Bitcoin’s growth.”
How it will infuence Bitcoins price? What do you think?