Heading for a brick wall. SegWit failed.

aarturka

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Quote from: kwukduck on January 29, 2017, 06:28:25 PM

We need miners to adopt it, not just nodes.

Miners're not in a hurry, no need to haste, bitcoin works as it is and not all nodes applied SegWit yet.. There're plenty of time only 2 months have passed.
Be patient my hasty friend. Only wicked Ver's team of shills aka 'Unlimited' trying to create some panic, but they just want Bitcoin to fail...

Scorpion

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It has not failed, it is not a brick wall, it's just a hilltop we will get over.

Be patient.

aarturka

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Quote from: digaran on January 28, 2017, 09:35:47 PM

I don't know though what exactly is the problem if we had bigger block size?

There are many topics describing the problems. Read them and you will know. Just don't pay attention to some trolls and shills pushing BU in them

qiman

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I am always paying the advanced fees and not having problems like before. What does SEGWIT actually do for the Bitcoin transactions? Can anyone here explain to me in layman's terms what WEGWIT actually does?

Amph

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Quote from: kwukduck on January 29, 2017, 03:43:25 PM

I mainly wonder why people seem to be so strongly against SegWit. It's a great optimalisation and preparation for additional important features i think.

because you will need a 2mb increase eventually, it's not a solution, and miners aren't stupid they know this, sgwit look good as an additional "layer of optimization", than the primary solution

i mean i find it more logic to to a 2mb/4mb/whatyouwant hard fork and then do a segwit to make it 4mb/8mb etc...

0x0010

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female ;)

It's the Indian cunts crying about $0.40 fees and then complain that a week of waiting for one transaction is great.

CyanFox

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Quote from: valta4065 on January 29, 2017, 07:14:29 AM

"%any hours" and "Extraordinary fees"

Dude you're going ahead of yourself xD
You got nearly instant transactions with 0.0002 fees right now. That's 20 cents for a transaction you can't talk about "extraordinary fees!

And btc has always been for big moves. It's the only mean I know where you can send money and pay a flat fee. Sure if you want to send 1$ PayPal is better, but if you want to move 10k$ there is NOTHING that can beat btc.

Exatly, bitcoin fee is rather cheap, at least cheaper than those fiat paymen processors, and bitcoin is much faster than them. SegWit will beat BU in the end.

Kakmakr

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Quote from: kwukduck on January 28, 2017, 09:29:45 PM

Quote from: Wind_FURY on January 28, 2017, 09:24:58 PM

FUD. I have made many transactions all with .0001 to .00015 each in fees and I have never encountered a transaction that took more than a day. Sometimes it took a few hours longer but it did not take very long. If what you say is true then there should be hell in this forum going on right now. Relax everything is alright.

The only reason there's no 'hell' on this forum is because the vast majority is delusional and everybody keeps telling everybody else to look the other way and everything is fine. Meanwhile the house is burning.

Explain to me how the refusal of SegWit adoption and currently continuous full blocks are not a big problem, please enlighten me!

It should be obvious to everyone that the full blocks have very little to do with natural increased usage, and more with "Spam" attacks targeted at influencing people's minds to simulate a situation where SegWit/LN is urgently needed.

The miners actually thought very little about this, and nearly wiped the inflated backlog in a day or two. Yes, we need to scale, but not when it is forced down people's throat. ^hmmmmm^

1Referee

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Quote from: digaran on January 30, 2017, 06:04:44 PM

Then I think we're moving towards no micro transactions network is that right? if adoption takes off as it is more traffic but less small transactions= more serious value transferring, and a healthy incentive for running full nodes. Personally I wouldn't mind to pay from 15 up to 50 cents for sending and receiving in under 1 hour.

Micro transactions are something that people should forget about. Especially when it comes to third world countries. Just browse through the 'Can Bitcoin help poor countries' thread, and look at how many people here think Bitcoin will greatly help people in poor countries, it's pure madness. Fact is that people in poor countries depend on Micro transactions. Don't forget that the further we progress through the years, and the more halvings we go through, the more pools will depend on the income they generate from fees. Also don't forget that the majority of the pools are just cherry picking, where they have no problems in ignoring not interesting transactions for many many hours. So yes, we are indeed moving towards a no micro transactions network.

digaran

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Then I think we're moving towards no micro transactions network is that right? if adoption takes off as it is more traffic but less small transactions= more serious value transferring, and a healthy incentive for running full nodes. Personally I wouldn't mind to pay from 15 up to 50 cents for sending and receiving in under 1 hour.

Wind_FURY

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Quote from: kwukduck on January 28, 2017, 09:29:45 PM

Quote from: Wind_FURY on January 28, 2017, 09:24:58 PM

FUD. I have made many transactions all with .0001 to .00015 each in fees and I have never encountered a transaction that took more than a day. Sometimes it took a few hours longer but it did not take very long. If what you say is true then there should be hell in this forum going on right now. Relax everything is alright.

The only reason there's no 'hell' on this forum is because the vast majority is delusional and everybody keeps telling everybody else to look the other way and everything is fine. Meanwhile the house is burning.

Explain to me how the refusal of SegWit adoption and currently continuous full blocks are not a big problem, please enlighten me!

Yes the blocks getting full is a big problem but it is not Bitcoin Armageddon like you want it to appear to be. Like I said, I have made transactions using the normal fees of .0001 and sometimes .00015 and have not encountered a transaction that took days. It is the same for a majority of people in this forum, there is not a huge problem like it was the end of the world. If there was it would be hell in this forum and the price would drop.

Hazir

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Quote from: deadpoolx on January 29, 2017, 01:48:17 PM

I think this improvement will be implemented in Litecoin first, it seems that the LTC community is supporting the idea. In this case only 75% of the miners' support is needed, while the Bitcoin network requires 95% support. If SegWit proves to be a success in practice, I think that the chances that Bitcoin will receive this improvement will be greater.

Before SegWit signalling started Bitcoin community was supporting the idea too, we thought it will be pure formality to accept it.
Then because of propaganda of other scaling solutions, SegWit became like number 1 undesired update for BTC.
Even if bitcoin's consensus threshold was set to 75% it wouldn't help us at this point.

richardsNY

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Quote from: kwukduck on January 29, 2017, 06:28:25 PM

We need miners to adopt it, not just nodes.

Nodes should be the main point of importance, but unfortunately, the miners are holding back everything even though they know that at some point it will have a significant (negative) impact on the price, and thus the miners too. But they seem to be holding strong on their support for the alternative sides. It's a real shame.

kwukduck

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We need miners to adopt it, not just nodes.

Meuh6879

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push 2-3 revisions of bitcoin core and it's done ...

kwukduck

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I mainly wonder why people seem to be so strongly against SegWit. It's a great optimalisation and preparation for additional important features i think.

deadpoolx

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I think this improvement will be implemented in Litecoin first, it seems that the LTC community is supporting the idea. In this case only 75% of the miners' support is needed, while the Bitcoin network requires 95% support. If SegWit proves to be a success in practice, I think that the chances that Bitcoin will receive this improvement will be greater.

Yakamoto

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I'm surprised that the entire support for Segwit has gone below 25% to be honest, I remember reading when it was close to 43%. A 20% loss of support from the network is actually incredibly significant.

The market seems stagnant about this, considering is hasn't moved significantly from ~$915, or not from what I've seen.

kwukduck

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Quote from: ?? on ??

Actually segwit just hit 35% recently.

Also more than 60% of nodes want segwit.

Something is clear, we either get segwit to then raise blocksize to 2MB, or we stay with 1MB forever and bitcoin becomes just a better gold and that's about it.

The ones not signaling for segwit are the ones that don't want to see bitcoin to become a viable currency.

Again, if you'e going to spread lies, make sure it's not so obvious...
https://blockchain.info/charts/bip-9-segwit

kwukduck

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Quote from: BldSwtTrs on January 29, 2017, 08:03:27 AM

Why theymos or his mods don't erase such a pessimitic thread?

We cannot afford to doubt publicy about the greatness of SegWit and the offchain scaling roadmap.

Ah yes! Censorship is what we need here to make the world a better place.

Topic: Heading for a brick wall. SegWit failed. (Read 2873 times)