blockchain.com still not utilizing Segwit? - page 2.

BitHodler

legendary

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Quote from: 1Referee on September 11, 2018, 08:20:57 AM

I get it that it requires some form of complexity, but if Coinbase can do it as much larger entity in this space, blockchain shouldn't have any problems with it at all.

BCash has full support on their platform, but no sign of Segwit. Is this going to be yet another BitPay situation where just because assholes as Roger Ver have a stake in these companies they can somewhat dictate their roadmap?

Explains a lot why Coinbase rolled out SegWit support. Roger in a video once said that he regret not having invested in Coinbase back in the very early days, otherwise be would surely attempt to block it through Coinbase as well.

Everything he doesn't have as stake in swiftly upgrades to allow Bitcoin to scale as fast as possible, and unfortunately, I do think that you're right in this specific case. Blockchain.com could very well be the next BitPay.

60% of the industry is still using legacy format addresses, and while it's completely optional whether you support SegWit or not, you should at all times do what's the best for Bitcoin as the center of everything related to crypto.

LeGaulois

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I just checked the percentage adoption and during the past 6 months, the percentage increased by only 10%. At this speed (10%/6 months), we will need near 2 years to get the 75% adoption (of course don't hope for a 100% adoption, maybe in 10 years) Damn people, they like yelling "Houston, Houston, Bitcoin has a problem..." But when a solution comes out they don't use it Grin

1Referee

legendary

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Quote from: LeGaulois on September 11, 2018, 01:29:26 PM

Currently, the percentage is maybe about 40% and it is a very low percentage in my opinion.

That's indeed very low, especially when you take into consideration that we by now could have been hovering around 75% at the very minimum. From where we are today, we can gain at least 50% more throughput and thus get the median fees to tank even further. Ideally, the fees per one input>output transaction would be $0.01-$0.03 with 75% Segwit adoption.

If clients learn to seperate spam transactions from 'real world' transactions (and thus not base transaction fees blatantly on the number of mempool transactions and MB weight) we can get the fees to hover firmly around $0.01 without needing to scale over 1MB per block, but we have some time for that to catch up.

Quote from: LeGaulois on September 11, 2018, 01:29:26 PM

I was expecting to see it adopted faster than this.

It's all due to companies such as Blockchain that there hasn't been much growth in that regard, because these companies are responsible for a lot network traffic.

LeGaulois

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"SegWait" adoption didn't increase a lot the past few months. It has been growing good up to April, but after, services/companies look like long to implement. Currently, the percentage is maybe about 40% and it is a very low percentage in my opinion. I was expecting to see it adopted faster than this.

OmegaStarScream

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You pretty much said everything yes. Blockchain.info, BitPay, ShapeShift, Changelly etc. all these services seem to work against bitcoin so don't expect much from them. If you want a web wallet with SegWit support, use GreenAddress.

1Referee

legendary

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I set up a blockchain account for someone today, and to my surprise there is still no Segwit support.

Quote

In 2018 we will be rolling out support for SegWit within our wallet products. This will be a major and complex update to some of the most sensitive parts of our codebase, across a wide variety of platforms and devices, affecting billions in user transactions with potentially significant privacy implications. We will do this cautiously but also with consideration for the rising miner’s fees within the bitcoin ecosystem. We are excited about the advances SegWit offers and we plan to begin making it available within our wallets in as soon as possible in 2018, with an eye towards rollout in Q1.

I get it that it requires some form of complexity, but if Coinbase can do it as much larger entity in this space, blockchain shouldn't have any problems with it at all.

BCash has full support on their platform, but no sign of Segwit. Is this going to be yet another BitPay situation where just because assholes as Roger Ver have a stake in these companies they can somewhat dictate their roadmap?

Topic: blockchain.com still not utilizing Segwit? - page 2. (Read 375 times)