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Although SegWit2x project lead Mike Belshe has said, things are looking good ahead of the hard forks scheduled activation date, a growing list of businesses as well as mining pool F2Pool have reversed their support for the contentious hard fork for various reasons, ranging from. I believe there is enough hard data out there to make it clear that S2X is no longer an upgrade. Its about trust, i frankly couldnt care less whether the blocksize is increased to 2 MB or not, and I cant imagine that it would make much of a difference in the long run in any event. This follows the publication of letters ( translation ) in which a group of Chinese Bitcoin companies notably including most mining pool operators announced that they would signal support for the New York Agreement. Now is the time to for the signatories of the New York Agreement to decide if they are as good as their word, or if they cant be trusted to keep their promises-neither those of today nor of tomorrow.

At first, it seems rather simple: miners have the final say on which code changes to accept because thats the way Nakamoto consensus works. The longest chain is the winner, the end.

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Hard Fork, the technical specifics for BTC1 are still being worked out, and thats especially true for the hard fork part. Retrieved from " "). Then, of course, there are the merchants and their payment processors, such as BitPay, whose opinions must be taken into account. In fact, the first base block on the BTC1-chain, the cut-off block, will likely even have to be bigger than one megabyte. The big blockers wanted just that-an increase to Bitcoins 1 MB blocksize. As opposed to signaling support, signaling intent doesnt actually do anything on a technical level.