Italians Defy SegWit2x Fork as Deadline Nears, Bitcoin Volatility Due
Italy has continued the trend of opposing SegWit2x with a joint statement from community members.
In a blog post Tuesday, a widened selection of local businesses and private entities “reaffirmed” its stance, originally presented at a recent Bitcoin Milan Meetup.
These include several other Italian meetups from the still relatively unknown part of the cryptocurrency ecosystem.
“With the present document, other important members of the Italian Bitcoin community decided to share the same position, reaffirming their complete opposition to every attempt to change the Bitcoin protocol in a rushed, irresponsible and contentious way, political in its nature and without any technological motivation.”
Despite the increasingly polarized community stance on SegWit2x, the new chain’s futures have so far managed to avoid the fate of fellow fork Bitcoin Gold, which immediately sank to a fraction of its initial value.
2x is still slated to cause price volatility on the Core chain this month, with analyst Tone Vays predicting a temporary downturn as far back as $5,000 before corrections upwards.