Hong Kong Bitcoin Meetup Denounces SegWit2x as ‘Reckless Endeavor’
A group of Hong Kong businesses and private entities have railed against the upcoming SegWit2x hard fork.
The meetup, which includes local Bitcoin community members and the Bitcoin Association of Hong Kong, described 2x as a “reckless endeavor” that “will cause disruption and harm.”
“Due to the combination of both a lack of consensus across the community and a lack of strong replay protection, we consider SegWit2x a reckless endeavor that will cause disruption and harm to the ecosystem,” the statement, released Wednesday reads.
“We therefore strongly oppose SegWit2x.”
The Meetup joins an increasing number of cryptocurrency entities opposing Bitcoin’s latest hard forks, with its counterpart in Seoul, Korea earlier this month issuing words to similar effect.
New businesses are adding their perspective on a daily basis, with the majority appearing to take a midway stance; if the 2x chain gains suitable support, those businesses too will support it.
Some have faced difficulty ironing out how they will address November’s hard fork. Coinbase this week received criticism after it appeared to U-turn on its opinion a day after stating it would effectively treat the 2x chain as an altcoin.
Hong Kong signatories conversely did not mince their words.
“Should anyone want to conduct a hardfork and for the new token to be regarded as Bitcoin, the proponents of the hardfork should kindly ask the Bitcoin community to support them and then only proceed with the hardfork if there is widespread community support,” the statement continues.
“With respect to SegWit2x, this was not done.”