Topic: Good news everyone: SegWit may finally be activated with majority support - page 3. (Read 3700 times)
June 20, 2017, 01:07:20 PM
Earlier everyone was afraid whether SegWit will be able to achieve the 80% consensus needed for its implementation. Now when it seems like 80% consensus is within attainable limits, a lot of users are casting doubt about the code. I don't care much. I love challenges, and SegWit is one of such challenges. Life would be boring without them.
June 20, 2017, 11:14:25 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.
At its base level its a fight for control of potential future revenue between the Core development team (and blockstream) and Bitmain (jihan wu). Core have an interest in limiting blocksize as many of their projects focus on off chain activity, and even if they aren't going to patent anything they are probably looking at sizeable future consulting revenues. Bitmain have an interest in preserving their dominance of miner sales (and their mining revenue), interestingly this means that while BTC tanking is bad , it also means the moon is bad - as the moon will result in many more (possibly larger, and professional) potential entrants into the mining manufacturing area , and i am prepared to bet that the lions share of bitmain's revenue comes from miner sales - not the bitcoin price appreciating.
June 20, 2017, 11:00:20 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.
June 20, 2017, 07:50:55 AM
But it's segwit2x... it is the same as the regular segwit? Or are you forced to run non-Core software in order to benefit from the segwit activation? Because im never going to use anything that isn't released by Core as everyone else that isn't a idiot will do.
Unless Core approves then it's useless because Core is responsible for all the software and got the best devs.
The hard fork in 3 months is simply insanity, it's not happening period.
Unless Core approves then it's useless because Core is responsible for all the software and got the best devs.
The hard fork in 3 months is simply insanity, it's not happening period.
So far there isn't much code written for Segwit2x as far as I know and barely tested.
So miners could just run BIP91 which is compatible with BIP148 and will activate the original Segwit. So there is no tweaked SegWit version, which is good.You as user continue running your core client!
As soon as we have Segwit the Shilbert side will write their code for a HF, which is of course will not be merged by Core. So what's going to happen is that Shilbert and Co will create a new client (btc1 I believe) which everybody needs to run so that a smooth HF could happen!
And of course I will not run a shitty client which isn't coded by Core!Furthermore I'm not interested in bigger blocks. 2x doesn't mean 2MB by the way. The blocksize the miners are planning to have is bigger than that!
So imo the HF with a majority of users, as miners some wish, will not happen! So Let Jihan and his shills fork off if he wants and create their Chinacoin.
SegWit2x is just to save face for the miners by the way! Without the pressure of UASF BIP148 they wouldn't do this. They could have agreed to BIP141 since months! Now they learn it the hard way!
June 20, 2017, 03:37:25 AM
But it's segwit2x... it is the same as the regular segwit?
The problem with segwit 2x is that the code has never being tested and i am not sure how it will go if they are planning to activate it and you really cannot trust to run a billion dollar valuation network and start planning on upgrading without any real testing,it will be a disaster.are you just making a random comment based on pure assumption or did you really open github, checked the code, and also checked its testnet called testnet5 on port 18554 and saw it has not been tested?
June 20, 2017, 03:16:42 AM
Segwit2x in pretty much standard Core's SegWit plus 2MB hard form in the future - miners are aiming to do forking withing next six months after SegWit activation.
This is a totally positive move if we are going to avoid a permanent split as seems like Bitcoin will stay on one chain and USAF (scheduled for 1st August) will be avoided.
This is a totally positive move if we are going to avoid a permanent split as seems like Bitcoin will stay on one chain and USAF (scheduled for 1st August) will be avoided.
June 20, 2017, 02:46:54 AM
We are close at this point, but I will only pop a bottle (I seriously will) if activation becomes reality. It will finally end something that has been splitting the community into several sides for quite a while now. It will allow Bitcoin to grow further, and cope with the highly increased demand in a far better way. After all, things work better if we have the majority to agree on something. 
June 20, 2017, 02:30:21 AM
You should check out Jimmy Song's latest blogpost about SeGWit2X
Segwit2x: What you need to know
https://medium.com/@jimmysong/segwit2x-what-you-need-to-know-b747e6326266
It could help SegWit get activated, more info in the post.
Segwit2x: What you need to know
https://medium.com/@jimmysong/segwit2x-what-you-need-to-know-b747e6326266
It could help SegWit get activated, more info in the post.
there is nothing to know about segwit2x it's just segwit with the weight limit changed, if i'm correct should be from 4MB to 8MB, which i remember was planned in the roadmap of 2016 for 2017 and 2018, but they changed their mind and aimed at pure segwit
June 20, 2017, 02:21:33 AM
But it's segwit2x... it is the same as the regular segwit?
The problem with segwit 2x is that the code has never being tested and i am not sure how it will go if they are planning to activate it and you really cannot trust to run a billion dollar valuation network and start planning on upgrading without any real testing,it will be a disaster. 
June 20, 2017, 01:47:10 AM
Well at this point as long as something gets done so we aren't stuck in more drama I'll be a happy camper
Goes to the Segwit S2 Crowd if it nears consensus.
https://medium.com/@DCGco/bitcoin-scaling-agreement-at-consensus-2017-133521fe9a77
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-March/013921.html
Some light data on what it does.
Goes to the Segwit S2 Crowd if it nears consensus.
https://medium.com/@DCGco/bitcoin-scaling-agreement-at-consensus-2017-133521fe9a77
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-March/013921.html
Some light data on what it does.
June 20, 2017, 12:45:51 AM
Watching adoption / signalling on http://coin.dance/blocks:
As of block 472079, we have:
- in the last 100 blocks: 92 signalling for Segwit or Segwit2x, 8 not (92% approval).
- in the last 144 blocks (~1 day): 133 signalling for Segwit or Segwit2x, 11 not (~92,4% approval).
We are very close to 95%. I'm optimistic - that would mean that probably the BIP91/148 mechanism would not be necessary (only to work as a threat in the background).
As of block 472079, we have:
- in the last 100 blocks: 92 signalling for Segwit or Segwit2x, 8 not (92% approval).
- in the last 144 blocks (~1 day): 133 signalling for Segwit or Segwit2x, 11 not (~92,4% approval).
We are very close to 95%. I'm optimistic - that would mean that probably the BIP91/148 mechanism would not be necessary (only to work as a threat in the background).
June 19, 2017, 10:00:41 PM
You should check out Jimmy Song's latest blogpost about SeGWit2X
Segwit2x: What you need to know
https://medium.com/@jimmysong/segwit2x-what-you-need-to-know-b747e6326266
It could help SegWit get activated, more info in the post.
Segwit2x: What you need to know
https://medium.com/@jimmysong/segwit2x-what-you-need-to-know-b747e6326266
It could help SegWit get activated, more info in the post.
June 19, 2017, 01:03:21 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 will also be relieved.
scaling issues will (hopefully?) stay with bitcoin. that is the curse of mass adoption: massive scaling.
June 19, 2017, 12:47:25 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.
June 19, 2017, 12:21:58 PM
Just counted: According to coin.dance, 46 from the last 50 blocks support Segwit, either via BIP141 or Segwit2x. That's 92%!
What I have heard is:
- Segwit2x supporting parties will first signal separately with a custom message ("NYA" for New York Agreement)
- then they will switch to signalling via bit 4 (like in the original "Barry Silbert Agreement")
- and finally, they will switch to bit 1, so they and the "traditional BIP141" miners will signal together for Segwit.
What I have heard is:
- Segwit2x supporting parties will first signal separately with a custom message ("NYA" for New York Agreement)
- then they will switch to signalling via bit 4 (like in the original "Barry Silbert Agreement")
- and finally, they will switch to bit 1, so they and the "traditional BIP141" miners will signal together for Segwit.
June 19, 2017, 11:46:33 AM
But it's segwit2x... it is the same as the regular segwit? Or are you forced to run non-Core software in order to benefit from the segwit activation? Because im never going to use anything that isn't released by Core as everyone else that isn't a idiot will do.
Unless Core approves then it's useless because Core is responsible for all the software and got the best devs.
The hard fork in 3 months is simply insanity, it's not happening period.
Unless Core approves then it's useless because Core is responsible for all the software and got the best devs.
The hard fork in 3 months is simply insanity, it's not happening period.
If somebody tech minded could answer the bolded above that'd be great, please.
i am not an expert but i believe it is. at least now it has turned into a more compatible solution than the it was before. i believe they have implemented BIP91 which makes it compatible with what you are caling "regular SegWit"
you can also read this comment: https://bitcointalksearch.org/topic/m.19646403
June 19, 2017, 10:23:09 AM
the bad thing is that bitmain is saying that they will shift their hashrate to their own shit coin bitcoin clone, so the network will be unsecure with a major hashrate dropping
i hope this is not something that can promote a 51% momentarily, because it would be a disaster, or bitmain itself would do it instead since they would not support bitcoin core anymore
i hope this is not something that can promote a 51% momentarily, because it would be a disaster, or bitmain itself would do it instead since they would not support bitcoin core anymore
Potentially it's Jihan bluffing because he'll lose that hack he had with the ASIC's or whatever?
Glad to see that SegWitx2 is basically implemented with Core.
Definitely nothing but Jihan selling woof tickets
June 19, 2017, 10:15:49 AM
the bad thing is that bitmain is saying that they will shift their hashrate to their own shit coin bitcoin clone, so the network will be unsecure with a major hashrate dropping
i hope this is not something that can promote a 51% momentarily, because it would be a disaster, or bitmain itself would do it instead since they would not support bitcoin core anymore
i hope this is not something that can promote a 51% momentarily, because it would be a disaster, or bitmain itself would do it instead since they would not support bitcoin core anymore
Potentially it's Jihan bluffing because he'll lose that hack he had with the ASIC's or whatever?
Glad to see that SegWitx2 is basically implemented with Core.
June 19, 2017, 10:07:25 AM
the bad thing is that bitmain is saying that they will shift their hashrate to their own shit coin bitcoin clone, so the network will be unsecure with a major hashrate dropping
i hope this is not something that can promote a 51% momentarily, because it would be a disaster, or bitmain itself would do it instead since they would not support bitcoin core anymore
i hope this is not something that can promote a 51% momentarily, because it would be a disaster, or bitmain itself would do it instead since they would not support bitcoin core anymore
June 19, 2017, 10:01:53 AM
But it's segwit2x... it is the same as the regular segwit? Or are you forced to run non-Core software in order to benefit from the segwit activation? Because im never going to use anything that isn't released by Core as everyone else that isn't a idiot will do.
Unless Core approves then it's useless because Core is responsible for all the software and got the best devs.
The hard fork in 3 months is simply insanity, it's not happening period.
Unless Core approves then it's useless because Core is responsible for all the software and got the best devs.
The hard fork in 3 months is simply insanity, it's not happening period.
If somebody tech minded could answer the bolded above that'd be great, please.
From what I surmised listening to people far more adept than I, Segwit2x will be incorporating core dev Segwit. So if you signal for Segwit2x you are signaling for core dev Segwit by default.
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