SegWit2x Hard-Fork Cancelled, Analysis of Reasons & Impact

On Nov. 8, Mike Belshe, CEO of BitGo, announced that SegWit2x will not activate due to a lack of community support. He values “keeping the community together” more than increasing the blocksize or any technical improvements. Belshe feared dividing the community could “be a setback to Bitcoin’s growth.”
With just four brief paragraphs, Mike Belshe cancelled a fork that would have dramatically impacted Bitcoin. However, he fails to clearly explain the causes and impli