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BITCOIN COMMUNITIES IN ARGENTINA AND BRAZIL CONDEMN SEGWIT2X2 min read

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Bitcoin communities in South America’s Brazil and Argentina have together voiced out their displeasure in the SegWit2x hard fork that was mandated by the New York Agreement (NYA).
The statement issued was signed upon by the two Bitcoin associations and some cryptocurrency startups like Blinktrade, Coinkite, and Bitsendal. The statement started by revealing their belief that the NYA signatories by agreeing to intend to improve the scalability of Bitcoin. Nevertheless, the report still criticizes the method by which the NYA planned to set out the SegWit2x hard fork: “We do believe the NYA signatories have the best of intentions in attempting to improve Bitcoin’s protocol…. We profoundly disagree, however, with the means chosen to carry out such a plan. And therein lies all the discord, controversy, feverish debates, and even resentment for some actors.” These were the content of the statement.
In the statement was also contained a list of 11 reasons why Argentinian and Brazilian Bitcoin communities see SegWit2x as “ill-advised and unwarranted.” These and some other ideas for this reaction were as a result of the development and implementation of the hard fork, primarily because of the rate at which it is being activated and because those who developed it do not plan to include opt-out anti-replay. Other reasons were related to the fact that some proponents of NYA asserted that miners determine consensus.
The signatories of the statement asserted that Bitcoin would possibly require a hard fork in the nearest future. However, the statement believes that a proposal of such should need an honest and more open debate for a real community consensus to be achieved and that the network can evade a disorderly and a disruptive split in its chain like the one that could happen once SegWit2x is activated in November.

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