SegWit is great for Bitcoin. It brings more transaction throughput, fixes malleability, defrags the UTXO set, makes hardware wallets more secure and most importantly, it enables Lightning which will bring instant low cost Bitcoin transactions to the world. The team at BTCC have been working hard at making their exchange and mining pool services SegWit ready, and everyone else should do the same.
You are correct but people are forgetting one major thing; Bitcoin cannot go mainstream with just bigger blocks. You need something like 1gig blocks to make a shot for it, the internet cant even handle that. Hardforking from 1mb all the way up to 1gig is just a no-go zone, Lightning will fulfill that job because you really want to have high capacity when ''monkey see monkey do'' situation arrives.
Bitcoin is booming all over the globe, what will happen with the memepool with to low mb blocks if millions if not a few billion off people want to use the network? We will be seeing millions of unconfirmed txs that will lead to a more panic situation than now.
If someone doesn't like Lightning well youre are not forced to use it, you can always use the normal payment option like today...Also lots of
Segwit followed with the Lightning network is the best possible update Bitcoin can have. Those unlimited guys are very short sighted they screaming for bigger blocks no matter what the consequences are
I want to see Bitcoin beeing used by many as possible, not because for the $$ (making $$ is sweet but it's not my 1st priority ) but to free youre self from the Zionist Jew Fiat Debt Slave Pyramide Ponzi Banking System.
i agree with mostly everything you say.
but i feel that limiting blocks to 1MB does push users off chain.
I believe other cryptos will not push/force poeple off chain this way, and user might find themselves tipping with dash or somthing else, rather then go to LN...
the segwit blocking isn't about blocking segwit persay, its about blocking the direction we are headed.
sacrifice the usage of the blockchain as a trade off to keep maximal node distribution
Or
sacrifice node distribution to incress usage of the blockchain
this is the true reason why poeple have a problem with segwit, is that it locks in the idea that offchain payments are an acceptable compromise to maintain max node distribution.
some would rather sacrifice node distribution to incress usage of the blockchain. and many believe that node distribution would not be affected at all anywho, because BU provides some enhancements which greatly reduce bandwidth usage.
in the end there will be cryptos that go the LN scaling way and others that go the block size scaling way, bitcoin must compete in this environment ( there is simply no avoiding that )
its a very complex issue.... with no clear cut right answer.
I might agree with you that the answer is not exactly clear; however, you seem to be framing the issue as if the onblock and offblock solutions are equal and competing proposals, which is truly not the case.
The case with seg wit is that it has gone through the early stages of consensus, development and testing, and therefore it is a yes or no vote about whether you agree to going forward with this version. There is no other version that is competing for attention or approval.. so if you go for the other version, then that version needs to be vetted and to go through testing.. and any code that is currently out there as a supposed competing version is either sloppy, non supported or both.