What is SegWit? I don't understand why is the big fuss about it? It sure sounds like HalfWit to me. I hope it is an amazing thing.
Segwit is short for Segregated Witness. It is a consensus change that is backwards compatible that will remove the issue of transaction malleability and provide capacity increases to Bitcoin. 
Topic: Bitcoin Core to Release SegWit in November - page 3. (Read 2281 times)
What is SegWit? I don't understand why is the big fuss about it? It sure sounds like HalfWit to me. I hope it is an amazing thing.
Segregated Witness, Bitcoin Core’s innovative scaling solution, is expected to be released on November 15, in Bitcoin Core’s 0.13.1 release.
Bitcoin Core developer Pieter Wuille made the announcement in the Bitcoin-dev mailing list, in which he stated that BIP 141, or the SegWit soft fork proposal, could be activated on the 15th of November if the 95% hashpower validation threshold is reached.
If this happens (the release on the 15th November) , how much more time It should take to see the Lightning network fully functional ?
source : https://cointelegraph.com/news/ready-steady-fork-bitcoin-core-to-release-segwit-in-november
This is not entirely true.Bitcoin Core developer Pieter Wuille made the announcement in the Bitcoin-dev mailing list, in which he stated that BIP 141, or the SegWit soft fork proposal, could be activated on the 15th of November if the 95% hashpower validation threshold is reached.
If this happens (the release on the 15th November) , how much more time It should take to see the Lightning network fully functional ?
source : https://cointelegraph.com/news/ready-steady-fork-bitcoin-core-to-release-segwit-in-november
Bitcoin Core 0.13.1 should be released sometime in the next week or so, before November 15th. The BIP 9 Start time of November 15th means that miners can start signalling support for Segwit AND nodes will begin actually counting the blocks with support to check for the 95% threshold. The soft fork cannot be activated on November 15th because it requires two full retarget periods. There must be a retarget period of 2016 blocks where 1915 blocks signal support and then another 2016 blocks of a grace period to allow people to upgrade their nodes prior to activation. This means that Segwit can activate at an earliest of ~4 weeks after November 15th in mid December.
Anyone read through this - https://github.com/bitcoin/bitcoin/releases/tag/v0.13.1rc1 yet?
SegWit is a soft fork so it won't need full consensus, I was under the impression that only hard forks requires this, am I wrong?
hard requires node consensus followed by miner consensus (2 stages)Whats the consensus on segwit actually being used?
SegWit is a soft fork so it won't need full consensus, I was under the impression that only hard forks requires this, am I wrong?
soft requires miner consensus(1 stage)
but miners are not just going to run their code in november as their main implementation. flagging blocks..
they are going to review it and run it in th background for a bit before making it their main implementation.
and then there will be time to accumulate to 95% of pools to have it as their main implementation..
and then there is the month of all pools holding at 95%,
followed by a grace period.
id be surprised if any miner is flagging blocks 1 hour after code release. as that shows they are not double checking things.
Feel free to mock me here as i dont understand this as well as most but with viabtc having 7.9% of the mining power then will this not mean that they will never accept segwit and so it will never actually be activated or does thge share that they mine not count because they are in theory mining an alt?
Segregated Witness, Bitcoin Core’s innovative scaling solution, is expected to be released on November 15, in Bitcoin Core’s 0.13.1 release.
At last some scaling soon ready 
, it will boost bitcoin, hope no critical code failure anywhere in form of a bug. 
Anyone read through this - https://github.com/bitcoin/bitcoin/releases/tag/v0.13.1rc1 yet?
SegWit is a soft fork so it won't need full consensus, I was under the impression that only hard forks requires this, am I wrong?
hard requires node consensus followed by miner consensus (2 stages)Whats the consensus on segwit actually being used?
SegWit is a soft fork so it won't need full consensus, I was under the impression that only hard forks requires this, am I wrong?
soft requires miner consensus(1 stage)
but miners are not just going to run their code in november as their main implementation. flagging blocks..
they are going to review it and run it in th background for a bit before making it their main implementation.
and then there will be time to accumulate to 95% of pools to have it as their main implementation..
and then there is the month of all pools holding at 95%,
followed by a grace period.
id be surprised if any miner is flagging blocks 1 hour after code release. as that shows they are not double checking things.
.... if the 95% hashpower validation threshold is reached.
is there any way that we can follow this online to see how much hashpower is dedicated to SegWit right now?
Pieter probably will have a chart at bitcoin.sipa.be tracking the blocks signalling support, he did that for the previous soft forks.
.... if the 95% hashpower validation threshold is reached.
is there any way that we can follow this online to see how much hashpower is dedicated to SegWit right now?
i am looking for something similar to those sites that showed some pie charts for previous suggestions like classic, xt, ...
Anyone read through this - https://github.com/bitcoin/bitcoin/releases/tag/v0.13.1rc1 yet?
SegWit is a soft fork so it won't need full consensus, I was under the impression that only hard forks requires this, am I wrong?
Whats the consensus on segwit actually being used?
SegWit is a soft fork so it won't need full consensus, I was under the impression that only hard forks requires this, am I wrong?
Whats the consensus on segwit actually being used? Is this definitely going ahead or are miners vetoing against this? Ive got lost in the argument over bigger blocks/segwit etc and not too sure what is actually likely to happen. I may have picked it up wrong but i thought there was a possibility that this may not be adopted?
Big thanks to Pieter Wuille in particular for the major coding effort on Segwit. With a little luck, maybe the 13.1 client will get out of release candidate stage earlier than November 15th Here's to a Christmas holidays activation! 
There's somewhere around 5 or 6 different Lightning implementations, the teams behind them are apparently collaborating to make each different system interoperable with the others. I suspect they won't take long to test before they roll out beta versions, it's unlikely we'll end up using 6+ different implementations once the tech is mature, and everyone knows the first viable product to market gets a psychological boost.
Here's to a Christmas holidays activation! There's somewhere around 5 or 6 different Lightning implementations, the teams behind them are apparently collaborating to make each different system interoperable with the others. I suspect they won't take long to test before they roll out beta versions, it's unlikely we'll end up using 6+ different implementations once the tech is mature, and everyone knows the first viable product to market gets a psychological boost.
Segregated Witness, Bitcoin Core’s innovative scaling solution, is expected to be released on November 15, in Bitcoin Core’s 0.13.1 release.
Bitcoin Core developer Pieter Wuille made the announcement in the Bitcoin-dev mailing list, in which he stated that BIP 141, or the SegWit soft fork proposal, could be activated on the 15th of November if the 95% hashpower validation threshold is reached.
If this happens (the release on the 15th November) , how much more time It should take to see the Lightning network fully functional ?
source : https://cointelegraph.com/news/ready-steady-fork-bitcoin-core-to-release-segwit-in-november
Bitcoin Core developer Pieter Wuille made the announcement in the Bitcoin-dev mailing list, in which he stated that BIP 141, or the SegWit soft fork proposal, could be activated on the 15th of November if the 95% hashpower validation threshold is reached.
If this happens (the release on the 15th November) , how much more time It should take to see the Lightning network fully functional ?
source : https://cointelegraph.com/news/ready-steady-fork-bitcoin-core-to-release-segwit-in-november
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