Bitcoin Falls 3.5% Post SegWit Victory, Community Figures Continue Arguing

SegWit has finally locked in on Bitcoin, but the community remains divided over the validity of SegWit2x.

As figures such as Samson Mow breathe a sigh of relief as Bitcoin hovered at all-time highs earlier, others such as ShapeShift CEO Erik Voorhees said SegWit2x was the next milestone to come.

#SegWit2x / btc1 are stillborn. The attempted corp takeover of #Bitcoin is aborted. They may fork off to make an altcoin but it’s unlikely. — Samson Mow (@Excellion) August 9, 2017

SegWit has locked in on Bitcoin. A tremendous day. After two years of infighting, this upgrade is long overdue. Now, on to SegWit2x in Nov. — Erik Voorhees (@ErikVoorhees) August 8, 2017

The difference of opinion even among the best-known figures in the Bitcoin industry highlights the continued struggle to achieve cross-community consensus.

Responding to Voorhees, Chaincode Labs’ Alex Morcos suggested SegWit2x would be similar to Bitcoin Cash, something the former then hotly refuted.

The scaling debate remains on everyone’s lips even outside cryptocurrency. Highlighting content from mainstream TV news in China, local information source cnLedger said that the scaling debate is still considered a major factor affecting Bitcoin price.

This status quo, it says, will continue despite SegWit.

CCTV: Crytocurencies are now on a new price rally; the scaling debate will continue to influence bitcoin price #BTC #ETH #XRP #LTC pic.twitter.com/Z8wrpdljOU — cnLedger (@cnLedger) August 9, 2017

Since SegWit locked in around twelve hours ago, meanwhile, Bitcoin has begun to slip, losing around 4.6 percent at press time to trade on average at around $3,288 according to Coinmarketcap.

The slight comedown was replicated on Ethereum, Ethereum Classic, Ripple and Dash.