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Topic: Heading for a brick wall. SegWit failed. - page 3. (Read 2863 times)

legendary
Activity: 1937
Merit: 1001
January 28, 2017, 08:29:28 PM
#1
It's been two months since SegWit, the magical non-solution, was introduced.
After its release adoption appeared to go quickly for a few days but stabilized after that and is now declining again.

With less than a quarter (23%) of the network accepting/supporting SegWit I think it's safe to say this adaption of the protocol will not be accepted by the community and the blocksize/scaling issues will escalate. Bitcoin will remain as it is without being able to handle more transactions and being more efficient.
Pretty much every block is full nowadays and waiting for confirmations can take many hours, sometimes days if you don't put in an extraordinary high fee.

Don't get me wrong, i think SegWit is a smart and important change in the protocol but it is not the solution it is often advertised to be.
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