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Industry reacts to SegWit2x cancellation The SegWit2x fork has been cancelled. Bankless Times spoke with industry participants to get their thoughts. Bharath Rao Bharath Rao, CEO of Leverj: “While occasional forks due to deep philosophical differences are inevitable, habitual forks damage the network effect of any blockchain and undermines security and faith in the system. Cryptocurrency is still experimental and repeated forks can fracture the community into tiny silos and undermine the very concept of non-governmental money. Rewards exist precisely because risk and opportunity exist. Every small mitigation of a risk enhances value, and this event is no different. The Bitcoin community welcomed the cancellation of Segwit2x with a huge price spike. We hope to see a continuous stream of risks eliminated and value enhanced over the next several years.”

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