Exchange SurBTC Withdraws Support for SegWit2x Hard Fork

Chilean Bitcoin Exchange SurBTC Withdraws Support for SegWit2x Hard Fork

The New York Agreement (NYA) lost another signatory on Tuesday, as Latin American bitcoin exchange SurBTC withdrew support for SegWit2x per month ahead of its scheduled release.

The Chilean startup made the announcement on Tuesday in a official blog post, joining a litany of organizations that have started to withdraw support for SegWit2x as the scheduled November date to its contentious hard fork approaches.

From the article, the company explained that they “always adored SegWit” and believed increasing the block size to 2mb was a “good idea” when they were invited to sign that the New York Agreement in May. However, now that SegWit was triggered on the Bitcoin community, SurBTC has decided to withdraw its support from SegWit2x, citing Bitcoin Core’s business opposition to the scaling proposal.

From the statement:

“We don’t believe in trying to force a change bitcoin’s core developers don’t feel safe with. The technical background of the team that currently collaborates on the core bitcoin project has an unprecedented level, we believe them to be, at least as a group, unbiased experts who deserve at least a voice on the subject.”

Although SurBTC supports “reasonably larger cubes,” they say that they think it’s reckless to drive through this shift without the support of a majority of bitcoin’s core programmers.

“Even though we would be happy to have moderately larger blocks to accommodate growing demand, we feel that Bitcoin needs (at least a majority) of bitcoin’s core developers’ support in order to do this responsibly. We haven’t seen this support and we don’t like what we currently see on the btc1 code repository in terms of technical considerations and open source collaboration.”

The market added that it will permit its clients to draw “B2X” if the fork does happen, and they might add it to their own trading platform in the future. However, it won’t be labeled as “Bitcoin” or “BTC”.

SurBTC’s official withdrawal of service comes just 1 day before is advised to openly denounce prominent cryptocurrency companies which refuse to rescind their support for its tricky fork or at least commit to handling the SegWit2x blockchain like an altcoin. Although SurBTC didn’t directly reference the threat, it was one of those firms had called out by name.

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