Topic: One in Four Bitcoin Nodes Are Now Upgraded for SegWit (Read 1020 times)

now.. no change..
before christmas.. no change.
when finally active next year
people need to download yet another version
and
if EVERYONE moved their funds off of legacy keypairs and into new segwit compatible HD seed keypairs. and everyone sent segwit transactions to each other

1.8x capacity at best.

Great news for bitcoin. How much larger can the network support now with the added scalability?

Very impressive quick improvement which shows that bitcoin network is moving toward a more secure mode that is in the best interest of all bitcoin users. I have not upgraded yet but at least I have been influence by this news and will try to upgrade my full node.

until i see some diverse nodes by other dev groups that are also implementing the features but coded their own way (im excluding knots because thats just a core devs fake attempt at diversity), then i see risks.

the funny thing is if core actually treated other devs as part of the community. rather then competition they could have helped each other out more and had lots of diverse nodes all with segwit features as a minimum.
and all properly independently tested

but core went the other route to push people out the way and made demands and told everyone else to f**k off..
we should have gone with the spring 2016 roundtable 2mb base 4mb weight. then everyone would have been happy

Will coinbase switch over?

It is a combination of ignorance, lack of knowledge, bad communication and power play. I am also at fault here, because I have not grasped

the full impact of this. I will also not be amazed, if some people are just too lazy to switch. {Being too much effort} The two sides will never

agree that any of the two options are good for Bitcoin. It is like chosing between Hillary and Trump. 

Guess it's good to hear that they're upgrading, but it kind of seems like the community is fairly divided on whether or not we're going to go with segwit.  I don't know enough about it in order to have a decent and applicable opinion on whether or not we're going to benefit from changing the chain we're using. It seems like a god idea at a glance, but I'll be reading more about it.

LOL.. guess what.. LN is flawed.. and wont be secure. i want you to really think about the 'address re-use' dilemma. i mean really research and think about it hard.
LN wont be the future of scalability.
at most it will be used as a novelty for small pocket money amounts like a walmart loyalty/gift card only trusted to hold very small amounts and throwing the addresses away once the funds have moved hands. not to be used as the main mechanism for everyones funds long term.

also locking funds and then using the banks hyperledger is not a solution either (the sidechains proposal)

the only true 100% bitcoin, 100% immutable, 100% secure method of BITCOIN SCALABILITY is via upgrades to BITCOINS blockchain.
why so afraid to upgrade BITCOIN with real capacity growth. why  are some people so adamant to push users away from the bitcoin network into dual managed contracts or banker owned sidechains??

wake up

Delusional big blockistas need to get with the program and start supporting segwit right now. We can't keep wasting time with this, we must enable segwit as soon as possible. Bitcoin will never scale anywhere notable onchain, stop boycotting the development because of your stupid idea of raising the blocksize, I mean there's still people out there defending bip101 for god's sakes. It's time to accept reality, bitcoin onchain is gold, the payment network goes on top of this gold.

Exchanges can't just unilaterally swap deposit addresses since they have no way of knowing if the customer is using a seqwit-enabled wallet.  So, even when the network supports seqwit, transactions will remain in the legacy format until people upgrade their wallets and start using the new address format.  This means businesses will need to offer both types of deposit addresses.  Users will also need to maintain both types of receive addresses until all businesses support sending funds to segwit addresses.

By the way, seqwit doesn't require HD keys.  A private key (no matter how it is generated) can have both a P2PKH address and a P2SH-P2WPKH address.  But it does mean that wallets will have to check transactions against both address formats when receiving funds.

why the rush
core said it requires 18 months for any other implementation to activate a rule due to security/bug concerns even when them implementations core are hostile to, have had live code on the network.

yet segwit been live for a few days and people think christmas is a logical activation date? (facepalm to hypocritical lack of security/bug concern)

sorry but it takes time for people to move funds from legacy keypairs over to segwit enabled HD seed keypairs
EG exchanges need to swap all their customers deposit addresses and move the exchanges reserves, then re-audit the funds

it takes time for people to ensure the RPC calls are compatible with their systems and tweak their systems to handle the replies of such
EG some RPC calls do different things now so the exchanges need to rewrite the front end to interpret the new calls

it takes time to then make transactions and other things.
testing the minimum fee thresholds are not going to cause transactions to spam/drop off the relay network before it even gets to a mining pool

im thinking 99% of people screaming for activation before christmas are not actually running a node themselves, nor intend to. because there screams for rush rush rush are proof of not having experience of running, testing, setting up a node.

the even funnier part is core have not even been bothered to update the notes about things like segwit and rpc calls
https://bitcoin.org/en/developer-reference#rpcs

even funnier is that people running 0.13.1 think they are fully segwit ready.
https://bitcoincore.org/en/2016/10/27/segwit-upgrade-guide/

so guys goodluck thinking that just running 0.13.1 is all you need for the future and dont need to upgrade again just to use segwit

It is still in a stalemate. I guess the chance that SegWit might get activated by Christmas is slim... I still hope we can come into a decision as soon as possible.

Really only 25%, i was expecting a much bigger uptake from nodes than this, how long has segwit has been out for now 3 weeks?

there is https://coin.dance/blocks which has some charts showing which mining pools are explicitly supporting implementation of segregated witness and it currently shows 10.6%

but that is just the explicit announcement, i think we have no other way of knowing this unless they say so themselves. and bitcoin core still has 88% support

edit: according to https://bitcoincore.org/en/segwit_adoption/ signalling will start around the 20th November 2016

Bitcoin network data shows that 25% of nodes worldwide are now running code for Segregated Witness.

Proposed late last year as a means to scale the bitcoin network, the upgrade was released last month by the volunteer development community Bitcoin Core in its latest software version. SegWit was put forward in a bid to increase the network’s transaction capacity without increasing the block size limit, drawing both praise and criticism from some quarters of the community amid a contentious debate.

Full source : http://www.coindesk.com/one-four-bitcoin-nodes-now-upgraded-segwit/

This has nothing to do with miners I suppose , is there is any statistics where we could see If miners (hashpower) is supporting SegWit or not ?