Topic: Good news everyone: SegWit may finally be activated with majority support (Read 3700 times)
December 27, 2017, 05:46:22 PM
seems like back them support was there but this time around things are looking different and https://coin.dance/blocks shows very few are in support of this fork as i can only see 5% have signalled to support this project SegWit2x which isnt looking good at the moment
December 27, 2017, 05:30:29 PM
I heard that probably Coinbase is going to implement the segwit wallets soon, i dont know if this is real, but far as i know this is going to be fair for all of those who have money in those wallets (and that is pretty risky lmao)
If you think that you will end up with more coins, then you're super wrong. It's more them (potentially) going to 'upgrade' their entire operations to utilize Segwit, which has been active for quite a while now, but severely lacking actual adoption. I am sure that if Coinbase ever ends up doing so, other large economical entities will follow, and thus allow the network to breathe for once. Blocks will likely still be full, but it at least will help making things a bit less worse than how they are right now, which will translate into lower fees.
December 27, 2017, 05:13:45 PM
Isn't the difference here the fact that the new "2x" version has replay protection?
Now it isn't either/or,,,
And did I read Lightening Network accommodation?
No, this will not be 'contentious', as the earlier fork was. Yes this will be a fork that will be labeled a lesser of BTC, but who cares? You get BOTH. And it may fix some problems! And it MAY let a NEW LEVEL of participation to take off, as well as add redundancy of the concept of crypto.
Honestly, if you own 1 for/plus 1, and in the end have more capabilities and redundancy with the improvements,,, then what is the problem? Your investment is protected.
This isn't "either/or". The earlier one, without the replay protection, WAS.
I hope it happens myself....
Now it isn't either/or,,,
And did I read Lightening Network accommodation?
No, this will not be 'contentious', as the earlier fork was. Yes this will be a fork that will be labeled a lesser of BTC, but who cares? You get BOTH. And it may fix some problems! And it MAY let a NEW LEVEL of participation to take off, as well as add redundancy of the concept of crypto.
Honestly, if you own 1 for/plus 1, and in the end have more capabilities and redundancy with the improvements,,, then what is the problem? Your investment is protected.
This isn't "either/or". The earlier one, without the replay protection, WAS.
I hope it happens myself....
December 27, 2017, 05:02:13 PM
I heard that probably Coinbase is going to implement the segwit wallets soon, i dont know if this is real, but far as i know this is going to be fair for all of those who have money in those wallets (and that is pretty risky lmao)
December 27, 2017, 01:19:49 PM
It is annoying to realize that probably 2/3 of the total exchanges are not using segwit wallets only for their own convenience.
That is crap, not even Bittrex who is the major exchange has a segwit wallet
integrated.
That is crap, not even Bittrex who is the major exchange has a segwit wallet
integrated.
because segwit is such a bullshit non-solution. what we are seeing here is the cold-hard truth that segwit did not work, blockstream has failed and should be disbanded.
Segwit is already bigger than Bcash...in fact people making more doge tx's than Bcash. Bcash blocks are always almost empty lol.
December 27, 2017, 01:02:08 PM
i don't know if it is too soon to open up the Champagne bottles or not but it seems like we have some light at the end of the tunnel as SegWit is gaining an overwhelming miners support with the segwit2x proposal https://coin.dance/blocks
... and the moon in 3... 2... 1...
December 27, 2017, 11:27:24 AM
because segwit is such a bullshit non-solution. what we are seeing here is the cold-hard truth that segwit did not work, blockstream has failed and should be disbanded.
Well, they could give it just a teensy weensy little try to see whether they actually like it and it makes a difference. The fact that many of the companies who put out the most blockchain use don't even bother to batch is a stupid and depressing stat.
apparently it makes more sense to integrate with bitcoin cash than to implement segwit. it's all a risk/reward ratio you know. implementing segwit comes at a cost. it costs companies money to get it implemented. on the other hand it almost costs nothing to integrate with bitcoin cash
December 27, 2017, 11:18:29 AM
because segwit is such a bullshit non-solution. what we are seeing here is the cold-hard truth that segwit did not work, blockstream has failed and should be disbanded.
Well, they could give it just a teensy weensy little try to see whether they actually like it and it makes a difference. The fact that many of the companies who put out the most blockchain use don't even bother to batch is a stupid and depressing stat.
December 27, 2017, 11:11:27 AM
It is annoying to realize that probably 2/3 of the total exchanges are not using segwit wallets only for their own convenience.
That is crap, not even Bittrex who is the major exchange has a segwit wallet integrated.
That is crap, not even Bittrex who is the major exchange has a segwit wallet integrated.
because segwit is such a bullshit non-solution. what we are seeing here is the cold-hard truth that segwit did not work, blockstream has failed and should be disbanded.
December 27, 2017, 09:52:21 AM
It is annoying to realize that probably 2/3 of the total exchanges are not using segwit wallets only for their own convenience.
That is crap, not even Bittrex who is the major exchange has a segwit wallet integrated.
That is crap, not even Bittrex who is the major exchange has a segwit wallet integrated.
July 22, 2017, 08:16:06 AM
i am glad to see this topic again and be the bearer of Good News for Everyone.
and so far the Good News continues pouring in. BIP91 activated and now BIP141 is being signaled with almost 100% support. i've got the same feeling that i had when Litecoin was activating SegWit with the same near 100% support.
we have moon in the future...
and so far the Good News continues pouring in. BIP91 activated and now BIP141 is being signaled with almost 100% support. i've got the same feeling that i had when Litecoin was activating SegWit with the same near 100% support.
we have moon in the future...
July 21, 2017, 11:27:25 AM
it feels good to see this topic after about a month and look back at all the drama that has happened during this time! and we are finally here, BIP91 locked and loaded
lets just hope we can get this done and over with hopefully with least amount of bloodshed and as fast as possible, so that we can focus on the future and things that matter...
lets just hope we can get this done and over with hopefully with least amount of bloodshed and as fast as possible, so that we can focus on the future and things that matter...
July 21, 2017, 08:20:08 AM
So if the chain eventually splits, so does the bitcoin. In my understanding there would be two different bitcoins circulating around the networks and they would be deemed as two independent currencies. Will they both be traded in the market?
Exchanges already began to inform their users about coin-splitting services. At least CEX.io did. https://blog.cex.io/news/important-notice-segregated-witness-possible-chain-split-16390
So I don't think it will be much mess in the market.
July 20, 2017, 10:10:45 PM
Good lord, I will be so relieved when we can finally put all this SegWit / scaling crap behind us.
And here I thought the analysis-paralysis in Corporate America IT was bad, often with endless meeting-upon-meeting discussions and multi years delay in the simplest of move forward decisions....
This SegWit crap has put that to absolute shame.
And here I thought the analysis-paralysis in Corporate America IT was bad, often with endless meeting-upon-meeting discussions and multi years delay in the simplest of move forward decisions....
This SegWit crap has put that to absolute shame.
I am quoting and specifically mentioning your reply here because I do agree with you 1,000% haha. Yes, it is indeed a big shame for the whole Bitcoin community that it took the people responsible for the scaling problem so many months and so many discussions...those time and effort utilized are all way beyond normal. And since we are all dealing with Bitcoin which is supposed to be fast, efficient and cost-wise, these decision makers have been put to a test and they almost failed. However, I am just stating that because we should be learning some lessons here so that when another challenge can come up the same shenanigans and mess could be avoided.
July 20, 2017, 09:43:51 PM
Core devs are gonna be so f*cked. They deserve to be screwed, reamed in the a$$. Bunch of lazy idiots is what they are. Satoshi must be rolling in his grave, if he's really dead.
July 20, 2017, 08:20:35 PM
bip 91 is locked in. segwit will get activated before august 1st.
moon!
moon!
July 20, 2017, 10:14:43 AM
Looking at the entire thread everyone has conflicting replies,so what is really happening,is there a slight possibility of a split and if that happens what will be the future of bitcoin,will it affect the price if there is a split.
I have read a lot of articles and they are just as conflicting as the replies here.
There is no general opinion on what is going to happen after August, 1. It is quite difficult to predict now. Some say everything is going smoothly and the majority is unanimous, other warn that the split is inevitable. In case of the network disruption bitcoin (or bitcoins) will probably face really hard times in terms of price and acceptance among users. So if the chain eventually splits, so does the bitcoin. In my understanding there would be two different bitcoins circulating around the networks and they would be deemed as two independent currencies. Will they both be traded in the market?
July 20, 2017, 05:17:14 AM
Looking at the entire thread everyone has conflicting replies,so what is really happening,is there a slight possibility of a split and if that happens what will be the future of bitcoin,will it affect the price if there is a split.
I have read a lot of articles and they are just as conflicting as the replies here.
There is no general opinion on what is going to happen after August, 1. It is quite difficult to predict now. Some say everything is going smoothly and the majority is unanimous, other warn that the split is inevitable. In case of the network disruption bitcoin (or bitcoins) will probably face really hard times in terms of price and acceptance among users. June 27, 2017, 02:12:44 AM
segwit as a technical solution is complete nonsense, there's so much material about it online, just research it. I want a proper protocol upgrade that does not introduce any additional technical debt. take flextrans for example, way better solution to the same problems segwit attempts to solve.
I know this argument. Has some validity, but I am being pragmatic ... we won't find consensus for an "ideal" solution with minimal technical debt and the absolutely perfect tech. Flextrans is indeed interesting, but it seems that it is an one-man project and would have needed more testing.Just because we don't have a popular alternative doesn't mean we should eat shit. SegWit solves nothing. Research it. It's complete and utter bullshit. A proper block size increase on the other hand is proven and tested solution to the TX fee issue. TX malleability is not even a bug, it has workarounds. But of course the Core would not like you to know that because that knowledge alone renders SegWit into a total joke.
June 26, 2017, 12:53:39 PM
segwit as a technical solution is complete nonsense, there's so much material about it online, just research it. I want a proper protocol upgrade that does not introduce any additional technical debt. take flextrans for example, way better solution to the same problems segwit attempts to solve.
I know this argument. Has some validity, but I am being pragmatic ... we won't find consensus for an "ideal" solution with minimal technical debt and the absolutely perfect tech. Flextrans is indeed interesting, but it seems that it is an one-man project and would have needed more testing.
I mean BTC what threw away 35~40% market share in the process in 4 months. It's hard to think of any other comparable even even in tech.
Market cap is not the same than market share. I agree with you that the scaling war has done some danger to Bitcoin, but the altcoin rally was caused only in part by it - in part also by Ethereum's ICOs and simply awareness for cryptocurrencies that led to greedy speculation, above all in countries like Japan and South Korea.
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