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Topic: The SegWit activation was a joke? - page 2. (Read 2415 times)

hero member
Activity: 750
Merit: 601
August 27, 2017, 02:54:04 PM
#66
This is already not true - if I interpret blockchain.info's statistics right, so far, we had four blocks with more than 1 MB (these need to include Segwit transactions), three of them mined today:

- block 481947 (1,032119 MB)
- block 482152 (1,00003 MB)
- block 482187 (1,00003 MB)
- block 482191 (1,00001 MB)

So things are moving slowly, but they are moving.
Maybe segwit is not yet fully active?  

It is fully active. It is just broken.  It doesn't do what they said it would do.  They told everyone it was part of a scaling solution.  Obviously that is incorrect.

Its not broken, its working as intended, perhaps you just don't understand it properly.
Full benefits will be realised when people actually start sending to and from a segwit address.

However if the spam keeps up, the transaction fees may not drop, but this would be a problem on any chain.
Its worth noting that no other chain (except maybe ETH) has needed to consider scaling.
None of the funky solutions in some alt coins have ever been testing under real game theory conditions.
As BCH is discovering with its EDA mess.

http://segwit.5gbfree.com/countsegwit.html
newbie
Activity: 55
Merit: 0
August 27, 2017, 11:30:10 AM
#65
Thanks God, situation is already getting better! Fees are gradually decreasing and there are less and less unconfirmed transactions! Smiley
legendary
Activity: 1596
Merit: 1026
August 27, 2017, 09:42:38 AM
#64
This is already not true - if I interpret blockchain.info's statistics right, so far, we had four blocks with more than 1 MB (these need to include Segwit transactions), three of them mined today:

- block 481947 (1,032119 MB)
- block 482152 (1,00003 MB)
- block 482187 (1,00003 MB)
- block 482191 (1,00001 MB)

So things are moving slowly, but they are moving.
Maybe segwit is not yet fully active? 

It is fully active. It is just broken.  It doesn't do what they said it would do.  They told everyone it was part of a scaling solution.  Obviously that is incorrect.
legendary
Activity: 1596
Merit: 1026
August 27, 2017, 09:41:46 AM
#63
Hello guys, I really don't understand all the "excitement" about that SegWit thing. It already activated couple of days ago and still nothing - too many unconfirmed transactions, fees are very high, block sizes are still under 1 MB, and slow confirmations. Where is the promised lightning network? When (if at all) the current situation will change?


Well, some say it is because of the bitcoin Cash. SInce bitcoin cash is getting easier to mine, the miners are shifting from Bitcoin to Bitcoin Cash and making the confirmations delayed. The block is not the problem but the miners who are confirming it.
Does that mean bitcoin cash is becoming more popular than the bitcoin?
Yes.  It will become more each day and then finally overtake the old bitcoin.
hero member
Activity: 1792
Merit: 534
Leading Crypto Sports Betting & Casino Platform
August 27, 2017, 09:35:37 AM
#62
Maybe segwit is not yet fully active?
You don't know what activation is.
Segwit would get completely locked in only on november 18th
You don't know what locking in is.
Segwit is a scam.
scam
skam/Submit
nouninformal
1.
a dishonest scheme; a fraud.

https://bitcoincore.org/en/2016/01/26/segwit-benefits/ - please point out what Bitcoin Core said here which was objectively a lie that they were aware of at the time.

Basically what I'm saying is that you don't know what a scam is.

It's this kind of misunderstanding of what proposals are supposed to achieve that results in all this FUD happening now.  SegWit is not supposed to make everything 100% perfect overnight.
hero member
Activity: 560
Merit: 500
August 27, 2017, 08:49:23 AM
#61
This is already not true - if I interpret blockchain.info's statistics right, so far, we had four blocks with more than 1 MB (these need to include Segwit transactions), three of them mined today:

- block 481947 (1,032119 MB)
- block 482152 (1,00003 MB)
- block 482187 (1,00003 MB)
- block 482191 (1,00001 MB)

So things are moving slowly, but they are moving.
Maybe segwit is not yet fully active? If only few have block sizes more than 1mb that means segwit isn't fully activated. I thought it really will solve slow transactions if it is fully activated and as I see it now, I think it really didn't solve the problem but it is too early to say it. To judge whether it is really activated or not, I will wait a month or so because full utilization of segwit might really take long.
legendary
Activity: 3906
Merit: 6249
Decentralization Maximalist
August 27, 2017, 08:16:35 AM
#60
block sizes are still under 1 MB
This is already not true - if I interpret blockchain.info's statistics right, so far, we had four blocks with more than 1 MB (these need to include Segwit transactions), three of them mined today:

- block 481947 (1,032119 MB)
- block 482152 (1,00003 MB)
- block 482187 (1,00003 MB)
- block 482191 (1,00001 MB)

So things are moving slowly, but they are moving.
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
August 27, 2017, 07:25:27 AM
#59
We can't deny that there were some over-promising and now some under-delivering. Plenty of people thought the SegWit activation on August 1st would cure all problems, and they see now that nothing has changed... I'm betting BTC's price to go down because of this. Of course, it will raise again in the future.
legendary
Activity: 3724
Merit: 3063
Leave no FUD unchallenged
August 27, 2017, 07:21:39 AM
#58
Hello guys, I really don't understand all the "excitement" about that SegWit thing. It already activated couple of days ago and still nothing - too many unconfirmed transactions, fees are very high,

Some SegWit proponents were a little overzealous in their unrestrained hyping of the benefits, while not pausing to contemplate on the effect this might have on all the people who rely on the opinions posted on this board for information.  Now we have all the anticipation built up and not much to show for it yet.  But please be patient.  For anyone who understood the fact that SegWit will only provide benefit when people actually begin switching to the new keypairs and using them for their transactions, this is all unfolding as predicted.  This information is not new, it has been available for some time.  It just got buried amongst all the hype and drama.  It's expected that some unreputable opportunists may seize upon this short term confusion and disappointment to claim that it was all a lie or that it doesn't work as advertised, but this should be ignored.  The improvements will become apparent over time, not straight away.

Give it time.
hero member
Activity: 750
Merit: 601
August 27, 2017, 06:35:35 AM
#57
1) You either allow spam and include it in blocks, thereby making blocks bigger and bigger.
2) You price spammers out of the market.
What are the alternatives?
1) and 2) are bad for normal bitcoin users. We need 3) transactions are fast and not $2 or more.

You are right we need option 3
My 1 & 2 are possible solutions, but your 3 is an objective of the solution.
How do we get fast $2 transactions, other than by my methods 1 or 2?

show proof jihan is spamming

oh wait, he does empty blocks, so cant be adding spam to blocks..
oh wait jihan is mining bch not btc so cant be adding spam to btc...

LOGIC!!!
you cant accuse someone of making empty blocks aswell as filling blocks of spam .. it makes no sense
I do not know if someone is spamming, but mining empty blocks and filling other blocks have the same result: unconfirmed transactions and fees pile up.

There is plenty of evidence of spam.
https://jochen-hoenicke.de/queue/#3m
I don't have the TX's to hand, but there are 1000's of transactions shuffling tiny amounts between 1000's of addresses.
I don't think anyone is disputing that there is spam, the question is, who is causing it, and what is their motive.

sr. member
Activity: 476
Merit: 250
August 27, 2017, 05:29:36 AM
#56
It has almost nothing to do with bitcoin cash. Segwit activation is the first step towards adding new features to bitcoin - it doesn't magically speed up all transactions just by being activated. Next all exchanges, wallets and service need to start using segwit transactions for it to actually ease pressure on fees and block sizes. So far only very few segwit transactions have been made as most transactions are still normal transactions and they do not get faster or cheaper just because segwit is activated.

On the other hand what you're currently seeing with fees going up and transactions being delayed is a concerted spam effort coordinated by people trying to make it look like the bitcoin blockchain is congested and needs a controversial 2x upgrade in November which is being pushed by the NYA miners when most of the userbase and developers are against it and will not agree to their threats. It's artificial and does not represent the real economy situation.

Hope all that's written in this comment is true. Bitcoin Cash and the problems of the high transaction fees came at the same time. Bitcoin have to solve the issues of their transaction fees, or else will let Bitcoin Cash emerge, because the ones that are behind it are making everything to not let it dive like another altcoin. And f these  transaction fees happen to get higher, people will also start to change to Bitcoin Cash, making it grow in value and threaten bitcoin's value.
hero member
Activity: 574
Merit: 500
August 27, 2017, 04:48:17 AM
#55
On the other hand what you're currently seeing with fees going up and transactions being delayed is a concerted spam effort coordinated by people trying to make it look like the bitcoin blockchain is congested and needs a controversial 2x upgrade in November which is being pushed by the NYA miners when most of the userbase and developers are against it and will not agree to their threats. It's artificial and does not represent the real economy situation.
Even if the spam is artificial, blockchain is really congested. Nothing artificial about it.
We need a solution, one way or another.


1) You either allow spam and include it in blocks, thereby making blocks bigger and bigger.
2) You price spammers out of the market.
What are the alternatives?
1) and 2) are bad for normal bitcoin users. We need 3) transactions are fast and not $2 or more.

show proof jihan is spamming

oh wait, he does empty blocks, so cant be adding spam to blocks..
oh wait jihan is mining bch not btc so cant be adding spam to btc...

LOGIC!!!
you cant accuse someone of making empty blocks aswell as filling blocks of spam .. it makes no sense
I do not know if someone is spamming, but mining empty blocks and filling other blocks have the same result: unconfirmed transactions and fees pile up.
hero member
Activity: 742
Merit: 500
August 27, 2017, 04:10:39 AM
#54
Segwit would get completely locked in only on november 18th and till then clear results could not be expected.This was the stage previous.But now,this delay is occuring due to miners just mining empty blocks and some miners switched to mine BCC since they consider it profitable.But on november also,more miners who have signed in New York Agreement have decided to support segwit 2x,which should be activated within six months of signing agreement.It was signed on may 2017.So,a hard fork could be expected on november for sure and all things would get settled only after that.
full member
Activity: 1008
Merit: 101
August 27, 2017, 04:02:27 AM
#53
No. It's not a joke it's we are adapting the segwit  since it got activated few days ago but a little concerned about the miners they aren't still able to fill up the blocks and antpool is just mining an empty blocks i don't think it's just an coincidence.
Yes you are right it is not joke but some people are said it is joke and fake but it's no joke and very intrasting and activaton is a very better but
 i said it's not joke. the block is not the problem but the miners who are confirming it.
newbie
Activity: 55
Merit: 0
August 27, 2017, 03:57:07 AM
#52
Fees are lower now and 35k unconfirmed transactions, yesterday was more than double. Fingers crossed!  Smiley
newbie
Activity: 55
Merit: 0
August 27, 2017, 02:36:38 AM
#51
Segwit is a scam. Bitcoin Cash is the real Bitcoin.

Bullshit! Bitcoin only!

Are you Roger/Jihad? Please stop spamming the network!

I just noticed that fees are gradually getting lower and also the unconfirmed transactions, and hopefully it will only get better and better! Fingers crossed! Smiley
hero member
Activity: 750
Merit: 601
August 27, 2017, 02:18:00 AM
#50
I didn't make the claim Jihan was spamming, you made the claim Blockstream was spamming, but lets face it you can't prove it. So if you can't prove it move on and don't make baseless accusations.
Its weakens the rest of your argument and makes you look silly.

i said twice and now a third time, check the stats of the june 2016 and november 2016 bips dates and the mempool/ spam attacks of those times which are what blockstream needed to scare people into adopting said bips
its not my fault that you may not know where to research

many think if things are spoonfed too much it cant be believed, so its much better if you really want to know the truth, that you do your own research so that you come to your own conclusion

the data exists. go seek it out

as for "what harm can bch do to bitcoin...
its an altcoin.. it can have many many exohash of hashpower or just 1 gigahash of hash power. neither influences bitcoin because .. THEY ARE ON SEPARATE NETWORKS!!

the only REAL influence is the merchant services.. if they moved away from accepting btc and instead only accept bch.. then things matter. until then an alt is just an alt

I'll indulge you, I'm open minded and am happy to see what evidence you -or if you are going to make me to work for it... I Smiley -  can produce.
I see the spam attacks in June & Nov 2016, which BIPs are you suggesting that these attacks where designed to have influence over?
Do you have anything to show they are connected with each other, or any analysis on them?
legendary
Activity: 4270
Merit: 4534
August 26, 2017, 09:57:38 PM
#49
I didn't make the claim Jihan was spamming, you made the claim Blockstream was spamming, but lets face it you can't prove it. So if you can't prove it move on and don't make baseless accusations.
Its weakens the rest of your argument and makes you look silly.

i said twice and now a third time, check the stats of the june 2016 and november 2016 bips dates and the mempool/ spam attacks of those times which are what blockstream needed to scare people into adopting said bips
its not my fault that you may not know where to research

many think if things are spoonfed too much it cant be believed, so its much better if you really want to know the truth, that you do your own research so that you come to your own conclusion

the data exists. go seek it out

as for "what harm can bch do to bitcoin...
its an altcoin.. it can have many many exohash of hashpower or just 1 gigahash of hash power. neither influences bitcoin because .. THEY ARE ON SEPARATE NETWORKS!!

the only REAL influence is the merchant services.. if they moved away from accepting btc and instead only accept bch.. then things matter. until then an alt is just an alt
jr. member
Activity: 36
Merit: 4
August 26, 2017, 08:22:48 PM
#48
How much long we need to classified that this segwit is successful. After it's activation, there's no pressure on unconfirmed transaction, it's even increase more. THough its still needs time to fully activated, but people are wonder, how long?. Can we judge someone who doing spam ? Or miners who going for bitcoin cash mining because its more profitable? I dont think so.
hero member
Activity: 574
Merit: 500
August 26, 2017, 08:05:40 PM
#47
Segwit is a scam. Bitcoin Cash is the real Bitcoin.
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