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October 16, 2017 | 

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Joanna Newman | 

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Due to the likely SegWit2X (B2X) split in November, the BitMex platform has declared that it will not support the distribution of 2X Bitcoins (B2X).

For her, and to protect the assets, the hard fork must include the following, which does not seem to be the policy that follows the Hardcamp Bitcoin 2X:

"-It is absolutely crucial to have two-way protection against replay attacks enabled by default, so that the transactions of one string are not valid on the other string.

- A clean break, so that the new string is not erased by the original string.

-A modification of the block header, so that all portfolios must be upgraded to follow this new string.

- A change of address format, to prevent people from inadvertently sending money to an address on the wrong channel.

-A new peer-to-peer network, to ensure the proper operation of the independent nodes on the two chains. "

The administrative costs of distributing the new currency would be totally prohibitive.

The platform also encouraged customers who did not agree with their Hard Fork policy to withdraw their funds.

The team also said with regards to the Hard Fork Bitcoin 2X:

"The proposal Bitcoin2X (B2X) aims to increase the size of the blocks. It is expected that the split will occur in November 2017. This change is incompatible with the current rules of Bitcoin which will likely result in the creation of a new coin .

Proponents of this new corner hope that it will become the new Bitcoin. Investors and traders can decide which is the most valuable. For this process to work smoothly, a solid bidirectional protection against replay attacks is required.

We understand that the SegWit2x proposal does not include bidirectional protection against replay attacks by default. Therefore, BitMEX will not support SegWit2x.

BitMEX does not support the distribution of B2X, nor will it be responsible for any B2X that will be sent to the platform by mistake. This policy applies even if the SegWit2x channel receives majority support from minors. Therefore, it is up to our users to remove their Bitcoins from BitMEX before the hard fork, in order to recover their B2X.

BitMEX considers that all the pieces are litigious hard like Altcoins. The BXBT and .BXBTJPY indices will remain unchanged and will not include B2X. "

As a reminder, the decision to move to 2MB was made in Hong Kong in February 2016 and ratified in May 2017 in New York.

So next month the miners will generate blocks of 2MB in order to increase the capacity of the network. But already many miners are being withdrawn from the New York agreement and therefore their support to the network is likely to be much lower.

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