The SegWit activation was a joke? - page 3.

figmentofmyass

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Quote from: xrpdavid on August 26, 2017, 04:34:20 PM

What can this 'Bitcoin Cash mining' problem do to the value of BTC? Huh

it really depends whether longer term investor interest develops for BCH. if it's being purely manipulated and bitmain (and friends) are just buying into everyone's dumps, then they will just be left holding the bag, and the problem will sort itself out.

if, however, they are successful and maintain status as a top 3 coin competing with BTC, they could really split prospective BTC investors, cutting down on the money flowing into BTC. if this happens, there is also the slight possibility that BCH would overtake BTC entirely. that seems pretty unlikely, though.

Quote from: ?? on ??

Quote from: alifrenstein on August 26, 2017, 06:06:35 AM

To all the miners - please leave that Bitcoin Cash! Focus only on Bitcoin - the future! Angry

Don't worry, they will come back to Bitcoin, with the BCC difficulty adjustment

but the emergency difficulty algorithm adjusts it back down very quickly. isn't it something like 6 blocks? whereas adjusting difficulty upwards is just like BTC (~2 weeks). that means that this cycle could continue for a while, until BCH buy pressure is totally exhausted. the EDA can basically cause hyperinflation for BCH under these circumstances.

lighpulsar07

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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.

DoublerHunter

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I don't think that segwit activation was a joke because the lightning network is just missing and the developers are working on that to implement it on bitcoin as soon as possible. Segwit activation is not easy for the developer or the team behind bitcoin because it needs a lot code work and we should just wait patiently until we see the improvements in bitcoin.

Ucy

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Compare rates on different exchanges & swap.

Quote from: -ck on August 26, 2017, 06:11:48 AM

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.

This totally makes sense sir! Desperados are trying hard to hijack the whole thing. I seriously doubt money is the cause of their desperation.

Maybe next quick solution should be making Bitcoin resistant to spam attack. it's so far their only way to harm the Network.

Good night good people!

GreenBits

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Quote from: ?? on ??

Quote from: alifrenstein on August 26, 2017, 06:06:35 AM

To all the miners - please leave that Bitcoin Cash! Focus only on Bitcoin - the future! Angry

Don't worry, they will come back to Bitcoin, with the BCC difficulty adjustment

LOL, I too am waiting for this. After the difficulty readjusts, and the price too (they will learn). No one has questioned why people are willing to pay 600-1000 dollars for a forked coin that still, like bitcoin, has no real world basis in value. This is all a bubble, people. Bitcoin is innovative, but the blockchain is the real winner here. Are we really paying these ridiculous, purely speculative prices for a technology that is open sourced? are we pretty much paying this much simply to participate in bitcoin?

and how long do you think we will be able to keep this up? this growth is clearly not sustainable, by the literal textbook definition of "unsustainable economic growth".

Caveat emptor.

fluidjax

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Quote from: franky1 on August 26, 2017, 04:29:39 PM

Quote from: fluidjax on August 26, 2017, 03:12:09 PM

Show proof or evidence of the spam source being Blockstream, or is that just BS plucked out of the air?

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
you cant accuse someone of making spam blocks on one coin while strangely hashing another. it makes no sense

billy and others who love the FUD of reddit propaganda need to pick one story and stick with it because it becomes a joke when you fools flip flop the narative

need proof just check the stats from last year june 2016 and november 2016.. look who needed to create panic to sway people into being pressured to accept bips released at those times..

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.

"oh wait jihan is mining bch not btc so cant be adding spam to btc..."
LOGIC!!!, trying using some, that just doesn't make any sense spamming and mining are not linked directly. You can surely make some arbitrary link but it doesn't really hold water.

xrpdavid

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What can this 'Bitcoin Cash mining' problem do to the value of BTC? Huh

franky1

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Quote from: fluidjax on August 26, 2017, 03:12:09 PM

Show proof or evidence of the spam source being Blockstream, or is that just BS plucked out of the air?

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
you cant accuse someone of making spam blocks on one coin while strangely hashing another. it makes no sense

billy and others who love the FUD of reddit propaganda need to pick one story and stick with it because it becomes a joke when you fools flip flop the narative

need proof just check the stats from last year june 2016 and november 2016.. look who needed to create panic to sway people into being pressured to accept bips released at those times..

hv_

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Quote from: fluidjax on August 26, 2017, 03:54:57 PM

Quote from: defined on August 26, 2017, 03:47:27 PM

Quote from: -ck on August 26, 2017, 06:11:48 AM

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?

Since you failed to define spam first, it is clear now, you are spamming this forum.

fluidjax

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Quote from: defined on August 26, 2017, 03:47:27 PM

Quote from: -ck on August 26, 2017, 06:11:48 AM

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?

fluidjax

hero member

Activity: 750

Merit: 601

Quote from: hv_ on August 26, 2017, 03:39:41 PM

Quote from: fluidjax on August 26, 2017, 03:12:09 PM

Quote from: franky1 on August 26, 2017, 07:58:31 AM

Quote from: BillyBobZorton on August 26, 2017, 07:39:27 AM

Roger Ver+Jihad is spamming the network heavily after segwit activation as the smart users predicted, actually very predictable. Now he is doing astroturfing everywhere, including thi forum. "See, segwit didn't work, we need a blocksize increase!"

billy change the record

bitcoin cash is a separate network. you might aswell be trying to say that 42coin is a threat to bitcoin... wake up
as for who is spamming, its like the last 2 years its the bscartel (blockstream +silbert) that want to convert people to segwit by making people think its beneficial to move over ASAP by using fear and panic as always.. again wake up

if you want to be rational. realise the ultimate truth. until the major merchant shopping cart services flip to a different network, there is no fear. and at the moment coinbase merchant tools has more chance of flipping to litecoin than it does to any other coin. so start making people aware of litecoin as the threat... again wake up

Show proof or evidence of the spam source being Blockstream, or is that just BS plucked out of the air?
A fee market can stop spam, price out the spammers and move the trivial low value transactions to 2nd tier.
We don't need every coffee transaction stored on the blockchain.

Segwit is not the answer but it is a stepping stone that should have been implemented a long time ago, the miners holding it back have stifled development and are totally to blame for this temporary stagnation.

Show proof, who says 'we don't need ...' ?

You just rephrase non sense. Bitcoin needs all, or nothing.

Proof, why it's not possible w/o SW.

Define spam....

None of what you says makes any sense to me.

defined

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Activity: 574

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Quote from: -ck on August 26, 2017, 06:11:48 AM

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.

hv_

legendary

Activity: 2534

Merit: 1055

Clean Code and Scale

Quote from: fluidjax on August 26, 2017, 03:12:09 PM

Quote from: franky1 on August 26, 2017, 07:58:31 AM

Quote from: BillyBobZorton on August 26, 2017, 07:39:27 AM

Roger Ver+Jihad is spamming the network heavily after segwit activation as the smart users predicted, actually very predictable. Now he is doing astroturfing everywhere, including thi forum. "See, segwit didn't work, we need a blocksize increase!"

billy change the record

bitcoin cash is a separate network. you might aswell be trying to say that 42coin is a threat to bitcoin... wake up
as for who is spamming, its like the last 2 years its the bscartel (blockstream +silbert) that want to convert people to segwit by making people think its beneficial to move over ASAP by using fear and panic as always.. again wake up

if you want to be rational. realise the ultimate truth. until the major merchant shopping cart services flip to a different network, there is no fear. and at the moment coinbase merchant tools has more chance of flipping to litecoin than it does to any other coin. so start making people aware of litecoin as the threat... again wake up

Show proof or evidence of the spam source being Blockstream, or is that just BS plucked out of the air?
A fee market can stop spam, price out the spammers and move the trivial low value transactions to 2nd tier.
We don't need every coffee transaction stored on the blockchain.

Segwit is not the answer but it is a stepping stone that should have been implemented a long time ago, the miners holding it back have stifled development and are totally to blame for this temporary stagnation.

Show proof, who says 'we don't need ...' ?

You just rephrase non sense. Bitcoin needs all, or nothing.

Proof, why it's not possible w/o SW.

Define spam....

ActiveP

full member

Activity: 210

Merit: 100

The situation will resolve itself. Obviously there are issues with miners preferring bitcoin-cash as it has less difficulty and is more profitable when compared to mining bitcoin. We saw the benefits of segwit after the first 2 weeks with lower fees and faster confirmation times. Hopefully this is temporary.

fluidjax

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Activity: 750

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Quote from: franky1 on August 26, 2017, 07:58:31 AM

Quote from: BillyBobZorton on August 26, 2017, 07:39:27 AM

Roger Ver+Jihad is spamming the network heavily after segwit activation as the smart users predicted, actually very predictable. Now he is doing astroturfing everywhere, including thi forum. "See, segwit didn't work, we need a blocksize increase!"

billy change the record

bitcoin cash is a separate network. you might aswell be trying to say that 42coin is a threat to bitcoin... wake up
as for who is spamming, its like the last 2 years its the bscartel (blockstream +silbert) that want to convert people to segwit by making people think its beneficial to move over ASAP by using fear and panic as always.. again wake up

if you want to be rational. realise the ultimate truth. until the major merchant shopping cart services flip to a different network, there is no fear. and at the moment coinbase merchant tools has more chance of flipping to litecoin than it does to any other coin. so start making people aware of litecoin as the threat... again wake up

Show proof or evidence of the spam source being Blockstream, or is that just BS plucked out of the air?
A fee market can stop spam, price out the spammers and move the trivial low value transactions to 2nd tier.
We don't need every coffee transaction stored on the blockchain.

Segwit is not the answer but it is a stepping stone that should have been implemented a long time ago, the miners holding it back have stifled development and are totally to blame for this temporary stagnation.

hv_

legendary

Activity: 2534

Merit: 1055

Clean Code and Scale

Quote from: ascopel on August 26, 2017, 09:57:16 AM

More users using Segwit transactions will be what helps drain the mempool to get the fees down. This will take some time as exchanges change their wallets to handle segwit (as mentioned in this post previously). In the meantime BTC should get some more hashpower as some minors switch over to mining BTC from BCH. BCH is around 2 mins per bock so as I am writing this I see this hashrate starting to change in the next 12 hours. BCH will have a major difficulty adjustment upward this go around. I do not see this cycle ending between BTC and BCH for at least a few more weeks. Well worth the wait though. Don't panic sell.

Just a friendly reminder: majority of miners never wanted SW, rather bigger blocks.

Not so sure if that speeds up very soon, also when we see the 2x fight against miners on top.

Some miners might just skip all SW TX until NYA 'consensus' is reached. If not, they might play legacy BTC down and Bitcoin Cash wins.

ascopel

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More users using Segwit transactions will be what helps drain the mempool to get the fees down. This will take some time as exchanges change their wallets to handle segwit (as mentioned in this post previously). In the meantime BTC should get some more hashpower as some minors switch over to mining BTC from BCH. BCH is around 2 mins per bock so as I am writing this I see this hashrate starting to change in the next 12 hours. BCH will have a major difficulty adjustment upward this go around. I do not see this cycle ending between BTC and BCH for at least a few more weeks. Well worth the wait though. Don't panic sell.

alifrenstein

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Quote from: hv_ on August 26, 2017, 08:41:40 AM

Wise people always posted that

SW is not a on-chain scaling solution

SW is a slow starter since infrastructure and users have to actively change - segwait bit is true.

A 2x (NYA) helps immediately for fee reduction and needed mass adoption block space and was the only way to get miners agree on the SW 1x at first step.

Bitcoin had 8+ years evolution+reputation time to be as safe as known today. Potential new 2nd layer scaling techs need many years too, to be save enough to be used, but might never be same trustless as bitcoin on-chain trx.

And AFAIK all that trouble, because of some potential centralization fears in some years, that might be wiped away by new massiv growth e.g. in big business world that would mean real decentralization, because these entities need to run lots of new separate big nodes on top.

Well, I just hope that the situation will get much better soon.

hv_

legendary

Activity: 2534

Merit: 1055

Clean Code and Scale

Wise people always posted that

SW is not a on-chain scaling solution

SW is a slow starter since infrastructure and users have to actively change - segwait bit is true.

A 2x (NYA) helps immediately for fee reduction and needed mass adoption block space and was the only way to get miners agree on the SW 1x at first step.

Bitcoin had 8+ years evolution+reputation time to be as safe as known today. Potential new 2nd layer scaling techs need many years too, to be save enough to be used, but might never be same trustless as bitcoin on-chain trx.

And AFAIK all that trouble, because of some potential centralization fears in some years, that might be wiped away by new massiv growth e.g. in big business world that would mean real decentralization, because these entities need to run lots of new separate big nodes on top.

alifrenstein

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Quote

Oh my God! In this case, Roger+Jihad are VERY bad people! We mustn't let them win here!

Roger+Jihad - PLEASE STOP! STOP SPAMMING! PLEASE!!!

Roger and Jihad, if you are reading this, please, stop your spam. You won't get anything from it.

Topic: The SegWit activation was a joke? - page 3. (Read 2439 times)