Flawed from the start, Segwit2x is finally getting in its deathbed

This is the best tl;dr I could make, original reduced by 81%. (I'm a bot)

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Announced on May 23rd, The New York Agreement is the contract between the Bitcoin miners who represent the majority of Bitcoin's hashing power, and a group of over 50 other businesses, to implement the Bitcoin software upgrade Segwit2x.

While it's no secret that the NYA isn't loved by everyone in the Bitcoin community, a series of events on October 24th left many wondering if the agreement might unravel entirely - leaving the project with no path forward to achieve its goal of upgrading Bitcoin and increasing its block size.

"Following the fork," said Coinbase communications director David Farmer, "Coinbase will continue referring to the current Bitcoin blockchain as Bitcoin and the forked blockchain as Bitcoin2x."

Then on 11 October, the Bitcoin Core developers went as far as issuing a warning to all Bitcoin users that the fork could cause a major disruption and potentially put bitcoin holders investments at risk.

Another position promoted by some outspoken bitcoin miners and many NYA signatories, is that the name Bitcoin is the 'prize' awarded to the blockchain that accumulates the majority of mining hashpower.

At OKEx, the Segwit2x's futures token is trading slightly lower at 13%. For those who believe the market is the ultimate decider of which coin is the real bitcoin, the answer is already clear.

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