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Topic: Post your SegWit questions here - open discussion - big week for Bitcoin! - page 21. (Read 84845 times)

legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
Also, can someone explain why the segwit softfork would need 95%. What's the point with that? Why not 75% or 65% even? Sry if this has been explained before.

Because the idea is to have an evolution of the existing system and not create an additional system.


But surely, looking at the mining community, that's a recipe for failure. I will ask again. Is there any substantial communication between core devs and the mining community to make progress more likely? Any progress? Or is it an "all or nothing" approach that's being pursued?
legendary
Activity: 1260
Merit: 1019
They signal through service bits in the Version message.
Those supporting Segwit will have the appropriate service bit set.
Isn't this bit set by default in 0.13.x? So, this is not segwit signalling in fact, but a number of
users who does not change default client options

Quote
Decentralization and consensus does.
Sending bits in version message is not consensus. And decentralization is not a human object. It can not care about anything.

Quote
The enforcers won't just be the miners, but it will also be the full nodes who verify and relay everything.
The network *can* accept segwit consensus rules even if 3% (or even less) of relay nodes upgrade software.
I think you know it better than me. I do not understand this speculating about 62%. This is the number of nodes
with modern client, not segwit supporters
staff
Activity: 3458
Merit: 6793
Just writing some code
a) How does non-mining node signal anything?
They signal through service bits in the Version message. Those supporting Segwit will have the appropriate service bit set.

b) Who cares?
Decentralization and consensus does. The more nodes that support the change, the more the new rules will be enforced. The enforcers won't just be the miners, but it will also be the full nodes who verify and relay everything.
legendary
Activity: 2730
Merit: 1263
Also, can someone explain why the segwit softfork would need 95%. What's the point with that? Why not 75% or 65% even? Sry if this has been explained before.

Because the idea is to have an evolution of the existing system and not create an additional system.
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
It looks likely LTC will incorporate seg witness first. That will be interesting indeed.
what would you like to see interesting?
Except of speculation about exchange rates, there will be nothing "interesting" there.

In my opinion, Litecoin's Segwit adoption could be indeed "interesting" for Bitcoin. If successful, it could show to Bitcoin miners that the soft fork is not so risky or "complicated" than some of them may fear. Also, as I understand there are miner groups involved in LTC and BTC mining that could try Segwit first with LTC where they hold less stake and then in case of success enable it in BTC too.

For this reasons, I expect Segwit adoption among Bitcoin miners (and probably also among normal nodes) to go up in case the LTC softfork happens without problems. It may not be enough to reach 95% inmediately but it could help pave the way to there.

This a really interesting line of thought and I hope it has some truth to it. I would be more comfortable if this was clearly communicated between devs and the miners. And, if so, I see no reason not to communicate it to the community at large.

Also, can someone explain why the segwit softfork would need 95%. What's the point with that? Why not 75% or 65% even? Sry if this has been explained before.
legendary
Activity: 1260
Merit: 1019
62% of listening nodes are signaling segwit support right now.
a) How does non-mining node signal anything?
b) Who cares?
staff
Activity: 4284
Merit: 8808
Hmm well I've started reading the arguments of the Bitcoin Unlimited project, and they are simple and concise. As painful as it is, I may start running their software. I feel it's the only way I can send the message to the core devs to
That isn't the message you send me by running it.

Quote
Segwit, only 25% have adopted it!
62% of listening nodes are signaling segwit support right now.
copper member
Activity: 2898
Merit: 1465
Clueless!
Hmm well I've started reading the arguments of the Bitcoin Unlimited project, and they are simple and concise. As painful as it is, I may start running their software. I feel it's the only way I can send the message to the core devs to increase the blocksize. I just spent 2 days trying to unf*ck a transaction sent during the latest transaction spam attack...

I thought I remember the core devs saying at one point that a blocksize increase was imminent, but maybe they only meant with Segwit?

I don't think it's fair to say that people are blocking Segwit, only 25% have adopted it!

yeah how I'm seeing it....(eyeing bitseed v2 node in the basement ...blinking at me as we speak..yeah you heard right 'gender change to BU...blinking increases....) Smiley


hero member
Activity: 686
Merit: 504
Hmm well I've started reading the arguments of the Bitcoin Unlimited project, and they are simple and concise. As painful as it is, I may start running their software. I feel it's the only way I can send the message to the core devs to increase the blocksize. I just spent 2 days trying to unf*ck a transaction sent during the latest transaction spam attack...

I thought I remember the core devs saying at one point that a blocksize increase was imminent, but maybe they only meant with Segwit?

I don't think it's fair to say that people are blocking Segwit, only 25% have adopted it!
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
It looks likely LTC will incorporate seg witness first. That will be interesting indeed.
what would you like to see interesting?
Except of speculation about exchange rates, there will be nothing "interesting" there.

In my opinion, Litecoin's Segwit adoption could be indeed "interesting" for Bitcoin. If successful, it could show to Bitcoin miners that the soft fork is not so risky or "complicated" than some of them may fear. Also, as I understand there are miner groups involved in LTC and BTC mining that could try Segwit first with LTC where they hold less stake and then in case of success enable it in BTC too.

For this reasons, I expect Segwit adoption among Bitcoin miners (and probably also among normal nodes) to go up in case the LTC softfork happens without problems. It may not be enough to reach 95% inmediately but it could help pave the way to there.

Well...I hate to say this..but what happens if it just 'bottlenecks' here now w/o seq witness happening and/or bitcoin core standing firm on no hard fork block chain increase....

looking kinda dire..hell, I'd like to at least here that the various groups were 'AT LEAST' getting together in some forum/chat or something trying to work thru this. But

seems to me likely, nothing of note is being talked about with these guys about the 'elephant in the room'  Sad At least at this time imho. Befuddling.




Maybe the below linked article explains the point fairly well, which in essence bitcoin is not broken and that it is likely a good thing that bitcoin is difficult to change.  


http://www.coindesk.com/bitcoin-scaling-biggest-problem-greatest-stregth-satoshi-roundtable/


So, in that regard, even if segwit does not get adopted in the near future, it is not a bad thing that it is difficult to add changes and features to bitcoin... even though I had thought that seg wit was pretty non controversial of an update, but if there are a significant number of folks who want to block its implementation, then we just have to stay with the bitcoin that we currently have, which is probably not a bad thing, no?
copper member
Activity: 2898
Merit: 1465
Clueless!
It looks likely LTC will incorporate seg witness first. That will be interesting indeed.
what would you like to see interesting?
Except of speculation about exchange rates, there will be nothing "interesting" there.

In my opinion, Litecoin's Segwit adoption could be indeed "interesting" for Bitcoin. If successful, it could show to Bitcoin miners that the soft fork is not so risky or "complicated" than some of them may fear. Also, as I understand there are miner groups involved in LTC and BTC mining that could try Segwit first with LTC where they hold less stake and then in case of success enable it in BTC too.

For this reasons, I expect Segwit adoption among Bitcoin miners (and probably also among normal nodes) to go up in case the LTC softfork happens without problems. It may not be enough to reach 95% inmediately but it could help pave the way to there.

Well...I hate to say this..but what happens if it just 'bottlenecks' here now w/o seq witness happening and/or bitcoin core standing firm on no hard fork block chain increase....

looking kinda dire..hell, I'd like to at least here that the various groups were 'AT LEAST' getting together in some forum/chat or something trying to work thru this. But

seems to me likely, nothing of note is being talked about with these guys about the 'elephant in the room'  Sad At least at this time imho. Befuddling.

legendary
Activity: 3906
Merit: 6249
Decentralization Maximalist
It looks likely LTC will incorporate seg witness first. That will be interesting indeed.
what would you like to see interesting?
Except of speculation about exchange rates, there will be nothing "interesting" there.

In my opinion, Litecoin's Segwit adoption could be indeed "interesting" for Bitcoin. If successful, it could show to Bitcoin miners that the soft fork is not so risky or "complicated" than some of them may fear. Also, as I understand there are miner groups involved in LTC and BTC mining that could try Segwit first with LTC where they hold less stake and then in case of success enable it in BTC too.

For this reasons, I expect Segwit adoption among Bitcoin miners (and probably also among normal nodes) to go up in case the LTC softfork happens without problems. It may not be enough to reach 95% inmediately but it could help pave the way to there.
hero member
Activity: 686
Merit: 504
Here people mostly talk about supporting segwit and how to support it, will wallet's be updated for segwit.

Yes there is a site showing the progress for Segwit software support here:
https://bitcoincore.org/en/segwit_adoption/

I doubt people are working that hard on Segwit support because it looks like the Segwit upgrade initiative has failed.
newbie
Activity: 15
Merit: 5
Litecoin to the rescue!!!!

there are thousands of blockchains out there that could use bitcoin one to settlement through sidechains since it's the most secure and provide micropayments on its own, even if miners don't activate segwit on btc bc.
newbie
Activity: 37
Merit: 0
 Here people mostly talk about supporting segwit and how to support it, will wallet's be updated for segwit.
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"


I'm fine with being wrong on this trivial topic if that is the case. I don't feel being wrong about this would undermine my other comments, although it might distract some from them...


You were making all kinds of points to attempt to normalize the idea about the greatness of hardforks as compared with softforks and attempting to assert that bitcoin had done it a lot in it's history, therefore, no big deal blah blah blah and some more bullshit characterizations.

In other words, the burden is still on you to describe with facts and/or logic concerning how a hardfork today would be a prudent or necessary course of action in bitcoin  in spite the conceded fact that a hardfork had occurred one time in the past under a specific set of circumstances that do not seem to be the circumstances of today, right?

I don't recall making any points about "the greatness of hardforks", nor is the "burden still on [me] to describe with facts and/or logic concerning how a hardfork today would be a prudent or necessary course of action".  Surely you're aware that some 500 million words of text have already been expended on that topic, with no solution in sight?  


Perhaps the burden is on YOU to propose another way forward (other than a hard fork executed in a manner similar to the March 2013 fork, but as a planned event rather than an emergency), now that Segwit has failed.



@Foxpup: troll harder.

I am not proposing anything, therefore I have no burden.

I am saying that seg wit is only a couple of months into its having gone live, so it is quite early to call it a failure.  Seg wit has a lot of innovative features, so it has decent chances to be activated either in its current form or maybe somewhere down the road within a year or longer in some variation of its current form.

Regarding a hardfork, whether emergency or not, we do not currently have any emergency, so there seems to be no need to hardfork at the moment, and if an emergency comes, then such a consideration can be accounted at such time.

In other words, if nothing happens and seg wit is not activated, and bitcoin just keeps working like it is with a 1 mb hard limit, that is not an emergency, as far as I can tell, and bitcoin will be fine with that particular set up, even though it seems that activating seg wit would be the better course forward (but of course requires a certain higher level of consensus than it currently seems to be signaling)
legendary
Activity: 2730
Merit: 1263
..., now that Segwit has failed.

The timeout for segwit is end of 2017! When a consensus for a soft-fork is not possible, I see no chance for a hard-fork.

For me, the most important point of a hard-fork would be changing the mining algorithm to use the UTXO set and the transactions of the block in every round of the algorithm and to produce an additional UTXO commitment.
-ck
legendary
Activity: 4088
Merit: 1631
Ruu \o/
I am worried that LTC with SegWit & LN would offer more to investors and they would abandon Bitcoin in favor of LTC with more scaling options Huh I will hedge my investment in Crypto currencies, if something more official happens in this regard.
Given that there is still massive amounts of unused capacity in the standard litecoin blockchain, there is zero reason to believe that adding more scaling options at this point to litecoin will make people jump from bitcoin.
legendary
Activity: 3542
Merit: 1966
Leading Crypto Sports Betting & Casino Platform
It looks likely LTC will incorporate seg witness first. That will be interesting indeed.
what would you like to see interesting?
Except of speculation about exchange rates, there will be nothing "interesting" there.



Call it 'embarrassing then" if it does so before BTC. Not like the 2 parties of Devs in BTC land imho are ever gonna agree....stalemate with Core having the advantage
of a bit more land in this stalemate..but still a stalemate imho

But yeah would probably pump LTC a bit and just for a bit. Smiley

Just saying humans being humans ...looks like this imho



I am worried that LTC with SegWit & LN would offer more to investors and they would abandon Bitcoin in favor of LTC with more scaling options Huh I will hedge my investment in Crypto currencies, if something more official happens in this regard.

I can understand that developers would target other Alt coins, with this "add-on", if it does not succeed in incorporating this into Bitcoin. All that time and effort and months of work, cannot be dumped into obscurity.

Consensus can be a cruel beast.
hero member
Activity: 686
Merit: 504


I'm fine with being wrong on this trivial topic if that is the case. I don't feel being wrong about this would undermine my other comments, although it might distract some from them...


You were making all kinds of points to attempt to normalize the idea about the greatness of hardforks as compared with softforks and attempting to assert that bitcoin had done it a lot in it's history, therefore, no big deal blah blah blah and some more bullshit characterizations.

In other words, the burden is still on you to describe with facts and/or logic concerning how a hardfork today would be a prudent or necessary course of action in bitcoin  in spite the conceded fact that a hardfork had occurred one time in the past under a specific set of circumstances that do not seem to be the circumstances of today, right?

I don't recall making any points about "the greatness of hardforks", nor is the "burden still on [me] to describe with facts and/or logic concerning how a hardfork today would be a prudent or necessary course of action".  Surely you're aware that some 500 million words of text have already been expended on that topic, with no solution in sight?  


Perhaps the burden is on YOU to propose another way forward (other than a hard fork executed in a manner similar to the March 2013 fork, but as a planned event rather than an emergency), now that Segwit has failed.



@Foxpup: troll harder.
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