Topic: Andreas Antonopoulos: "Segwit is enough, gets us 2MB+, is ready, and is safer" - page 2. (Read 2084 times)

If Segwit is the best solution to the ongoing problems in bitcoin then I will support segwit. But my concern is to have an immediate solution to the bitcoins problem. If things go worse we will see bitcoin replaced by other alternative coins. As of this moment there was some issues that the reason why the ETF was disapproved due to the on going block problems in bitcoin. Aside from that many are transferring to dash and ethereum and has contributed to the decrease in bitcoin price this few days.

The market / people are self-adjusting to the 'limited' use of bitcoin.

The equilibrium just allows restricted # of users. Theses must be rich ones now.

Poor masses go alt. bye

Yesterday was crazy, you could see the capital fleeing away from bitcoin to Ethereum, as bitcoin's market cap was decreasing Ethereum's was increasing, amazing stuff.

People are starting to vote with their money on the development team's choices, Segregated Witness and Lightning Networks have been controversial since the beginning and eventually it will reflect on the price.

Bitcoin's market cap and trade volume dominance have never been lower, and they will go lower.

not litecoin... BTC + SW + LN + sidechains
Litecoin is just an alt like Eth coin and Dash coin, they are useless and don't give anything than Bitcoin couldn't give. This is what altcoiners like you, or ver and other BTU guys don't understand and quit bitcoin and stake on alts, and now are trying to destroy Bitcoin with BTU to pump higher their alts.

Interesting appeal-to-authority in the midst of current Bitcoin problems. I am normally very reluctant to follow the leaders but I have great respect for Andreas Antonopoulos.
So far he was always cool headed and sensible person. And he is right that SegWit is far less intrusive and difficult to achieve than Hard Fork. Which, if done bad could destroy BTC.

I wonder what is A.A's stance on UASF.

Oh shit - Litecoin + SW could rule the world than ?  Why they don't understand and just do ?   

Miners must be more stupid than you ...

Buterin was against segwit because he understand that after segwit all altcoins will die. Altcoiners like roger ver, andressen and hearn are against segwit for the same reason

A. A. is working for ETH book (and about  'good' safe hard forks ?).

Blockstream is working for AXA, Banks - Blockchains....

G.Max is working for Blocksteem

C Banks is working as GMax fan boy.

Bitcoins needs to fall behind ETH market cap than these fan boys will understand this clusterfuck done by GMax brain washing.


Its dangerous working as a brain washed fan boy.


Sigh

DANGEROUS words, gentlemen.

Andreas can get things wrong just like anyone else. The fact that he's being level headed now DOES NOT make it sensible to start anointing him as the font of all wisdom in Bitcoin, what happens if/when he begins to advocate something very destructive?



There are no Bitcoin gods, there are only ideas to be REASONED OVER.

Authority is not the truth, truth is the authority.

HF is necessary for improving bitcoin, if bitcoin can't HF, then it will fail.

BU is a hostile takeover of the network, SW is from the same devs working for years and the recent incident about BU nodes shows that BU didn't just change the block size limit but they changed other things as well.

I mostly agree with you
and so does Jihan
and so does Ver
and so does mostly everyone.

the thing that is blocking us, is inability to come to a compromise
and considering we are mostly  in agreement, its kinda pathetic a compromise isn't being reached or even sought out!

Dynamic Block size increase is the only things that sounds interesting about BU, in the end we will need sidechains to make it mainstream. Innovation will flourish, each sidechain with there own specialization. LN, Mimblewimble, Rootstock and TumbleBit are just the beginning. Sidechains will offer many useful features to institutions that want to build applications based on blockchain technology. Basically, sidechains should allow businesses to better implement peer-to-peer applications while cutting out the middleman. Certain startups will be able to utilize sidechains to disrupt many Wall Street processes.

Segwit will deliver all oure needs and shoud be rolled out asap. LN is already on the testnet so adoption can move fast.

Jihan from Bitmain (with to many mining power) + Roger Ver are the only idiots who's blocking this cool stuff.

its hard to argue with Andreas Antonopoulos... because he's Andreas Antonopoulos!  

so i'll just agree with him, yes there is technical risk with forking ( some minor, some major, risks ) this is why it shouldn't be rushed and the code / process of the specific fork must be peer reviewed thoroughly and well tested etc.. a few months sounds OK if things go smoothly.
but its not like segwit is not without risk.

and yes 2MB will be enough, 2MB might actually be too much...

if miners can clear the mempool TX fees might go down drastically
miners might find themselves processing double the amount of TX and  only getting rewarded half the fees they use to get with 1MB limit
part of this reduced revenue might come for the 75% discount core has imposed on signature data

With BU I believe enough % of hashing power will see the profit in keeping blocks small, in order to create a healthy fee market.
with a 1.2MB blocksize, fee pressure might remain largely unchanged and provide 20% more miner revenue from TX fees.
with a 2.0MB blocksize, fee pressure might drop drastically and half the total TX fee revenue, while doubling the workload.

and then later when 2MB isn't enough ( once adoption has doubled ) the fee pressure will once again be ever increasing.

A dynamic limit at least allows for the possibility of a balanced fee market.
A Fixed limit is sure to produce an unbalanced fee market.

I am  onboard with segwit, but I REALLY like a dynamic limit.
I REALLY want to do both, who wouldn't?

I wish for less ways to wish for and more ways to work toward it

The always level-headed, always neutral bitcoin expert Andreas Antonopoulos has spoken: Miners, get your shit together, activate segwit, let's scale bitcoin the proper way so we don't have to explain why there are 2 bitcoins as the price crashes to 2 figures (or why the price crashes to 0 as a BU fatal bug is found if it ever becomes the main branch).
Stick with the best devs or be dead.