Samourai Wallet: SegWit2x is an attack on the network

Another Bitcoin-related company expressed its position regrading upcoming SegWit2x
18 October 2017   1236

Samourai Wallet team said that the SegWit2x is a controversial and unnecessary change in the current rules of the network and it is the attempt of a small group of players to take control over the development of the open code of bitcoin. This is stated in the official blog of the company.

As noted in the statement, Samourai Wallet supports the development of open source code by the Bitcoin Core team, which, according to company representatives, timely introduces all the necessary updates. In this regard, the service will support the longest chain of blocks, compatible with Bitcoin Core 0.15 nodes.

The S2X hard fork is particularly troubling as the development team have NOT added an important safeguard known as ‘replay protection’ to their software. Without replay protection any transaction sent on either of the chains may also be sent on the other chain (‘replayed’), leading to the high potential of users losing funds. Because of the willful insistence by the developer(s) to not add replay protection, we are classifying this hard fork as an attack on the network.
 

Samourai Wallet team

In this regard, the service will offer additional measures to protect against repetitive playback in the case of hard-core.

It is also stressed that Samourai Wallet will not provide users with access to the equivalent number of S2X tokens, and will offer to convert them to BTC at the market price.

PBoC to Continue Anti-Crypto Propaganda

The regulator published a warning in its WeChat account called “Protection of the rights and interests of consumers of financial services”
23 March 2020   148

The People's Bank of China has returned to criticism of cryptocurrencies amid a worsening economic situation in the world.

On March 22, the regulator published a large-scale warning in its WeChat account under the heading “Protection of the rights and interests of consumers of financial services”. It describes three ways in which cryptocurrency service providers can mislead consumers.

First of all, the amount of fraud transactions with bots is serious. The average turnover rate of the top three overseas crypto currency exchanges is much higher than that of foreign licensed exchanges. Second, market manipulation exists in these exchanges where forced leveraged trading eventually causes the exchanges to explode. Third, money laundering is a big issue.

 

People's Bank of China

In addition, the Chinese Central Bank calls the opinion that Bitcoin may serve as a protective asset, erroneous. The regulator indicates its high volatility and recommends that citizens not follow the example of other investors and refuse to participate in cryptocurrency trading.