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Topic: ViaBTC: Should we active Segwit? - page 2. (Read 2710 times)

legendary
Activity: 3808
Merit: 1723
May 07, 2017, 07:23:39 AM
#32
I think eventually sometime in the future Segwit will get activated. Miners want money correct? Well they make money in 2 different ways.

1) Extra miner fees with every block they find. Currently its usually an extra ~1 BTC or so.

2) 12.5 BTC for the block reward.

After Segwit goes online their miner fees will be reduced because blocks won't be filled up as before. However with the huge adoption of Bitcoin in the near future, the fees will go back to the way they were. LightningNetwork is way too far off right now to think about.

However if BTC/USD can double/triple just by Segwit activation then their mined BTC will be worth much more.

Basically pick the better option.


14.00  BTC per block @ 1500 BTC/USD

12.75 BTC per block @ 2000 BTC/USD



Which option would the miners choose?


However there is a centralization issue at the moment in China that they probably still want control off. When BTC goes higher, more miner manufactures might start ASIC production and they will lose marketshare. By keeping BTC/USD low, then they can still keep their monopoly. But if BTC/USD is very high then they will start to get competition.

legendary
Activity: 3556
Merit: 9709
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May 07, 2017, 07:12:24 AM
#31
So 5,369 votes and it seems that SegWit is the most favored. 83% out of these (4,456 votes, more or less) are supporting Segwit, while the other 17% are not. Seems people want this to be settled. Well, thanks for pointing this poll out, Lauda.

Going some way to show that the majority of people prefer SegWit. The only reason it hasn't been activated is Chinese miners trying every trick in the book to stop it.
newbie
Activity: 13
Merit: 0
May 07, 2017, 07:09:50 AM
#30
Obviously no one can prove that the poll is legitimate and that there aren't fake/additional accounts being used.  However, any claim that it's illegitimate would be unreasonable, just because the amount of malicious people and hardcore pumpers is going to be roughly equal on each side.

Just like the F2Pool poll showed before, public support is largely for SegWit.  Miners will have to follow eventually or nothing will happen at all.

I hope there will be a mining hash pool. The present poll can be rigged. Somebody could register many Twit accounts and rig the poll.
sr. member
Activity: 1344
Merit: 288
May 07, 2017, 07:06:35 AM
#29
So 5,369 votes and it seems that SegWit is the most favored. 83% out of these (4,456 votes, more or less) are supporting Segwit, while the other 17% are not. Seems people want this to be settled. Well, thanks for pointing this poll out, Lauda.
hero member
Activity: 994
Merit: 544
May 07, 2017, 06:49:15 AM
#28
So there are 821 Votes for Yes, and 181 votes for No to implement SegWit. But do you really think they are going to take that poll into consideration for supporting SegWit? Because I don't think so (though I have voted). When money speaks, all the other noises turn to silence.

That is right and I agree with you that whatever vote we make and whatever polls we agree on still we can not make them change their minds. It will be the vote of the miners that will have a voice and not ours and thus even if we make a consensus or poll it will not make a voice. But theres no harm in trying, let us just do it and possibly a miracle will happen.
sr. member
Activity: 406
Merit: 250
May 07, 2017, 06:40:36 AM
#27
If you support Segwit and want to see it activated soon (and have a Twtitter account obviously), then you should vote for it: https://twitter.com/ViaBTC/status/860933165002522625
If you have voted 'Yes' on the first poll, you should probably vote 'No' on this one (even though they aren't mutually exclusive as Segwit is essentially equal to bigger blocks): https://twitter.com/ViaBTC/status/860933065022898176

They are probably reconsidering after they've seen the effect on Segwit in other alts.

It's like a bitcoin war? No, It is a measure to support bitcoin development, some larger blocks will help the bitcoin transactions be confirmed more quickly. Bitcoin is being loved by people, it should be improved better. So, I support segwit, I take a vote for "yes" answer. I never thought that F2Pool chose segwit because they had seen the effect on Segwit in other alts. You surprised me.
newbie
Activity: 26
Merit: 0
May 07, 2017, 06:05:40 AM
#26
I and my team voted yes. Hope it will go ahead tho.  Smiley
legendary
Activity: 2968
Merit: 3684
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May 07, 2017, 05:30:34 AM
#25
I'm actually really surprised to see this poll coming from Via, given their seemingly unshakeable stance, but I think it's a really good sign that either side of the argument can still change their mind based on pragmatic reassessments of the situation. My vote is yes, of course! Whatever decision Via takes, well done.
legendary
Activity: 4424
Merit: 4794
May 07, 2017, 05:19:53 AM
#24
without threat without insult without bias i say this

segwit is not:
"Segwit is essentially equal to bigger blocks"
due to the requirement of people needing to move funds to segwit keypairs long AFTER activation, just to even get some where above the norm but below the expectation.

my statement is based on the reality of user requirement of segwit keypairs.
hero member
Activity: 2590
Merit: 644
May 07, 2017, 04:35:54 AM
#23
I think yes, we should activate segwit because it will be a big help for bitcoin because it will increase the size and it can help for the speed of transactions to be faster than now, i tried litecoin and even the segwit is not fully activated, i think it will make litecoin more efficient so why not give it a try for bitcoin Huh
legendary
Activity: 2674
Merit: 2970
Terminated.
May 07, 2017, 03:36:51 AM
#22
There are still those wackos that are in favor of a split purely because they will have the double number of coins. Just for their own benefit, they have no problems with causing a massive blood bath in case a split becomes reality -- clowns are they. Either way, I voted Yes on the activate SegWit poll. It's a bit weird to vote on the second poll since it could basically mean anything, so I decided not to vote there.
Anyone in favor of a Bitcoin split is either very ignorant (and/or delusional) or an enemy of Bitcoin. Now if we were forced to do a split of any kind, then a bilateral split is the only way to go (to prevent damage on both chains). The BTU clowns don't even want that.

I wonder what the thinking is behind it. I presume it's a face saving measure where they can say they're fulfilling the will of 'the people' despite their own misgivings. A neat out for them.
It's probably a get-out clause to save themselves. If you resist a successful UASF, you become entirety irrelevant later on. This is why it is better for them to activate it via MASF.

Do you guys believe that they changed their mind  so quick and now they are seriously thinking to start signaling segwit?
It is very possible if you considering that the price of LTC increased about 600% primarily due to Segwit.

as Lauda keeps repeating as the super majority wants Segwit, they will eventually see they have no other choice but to embrace it.
Just look at the node stats (both listening and non-listening), the amount of companies ready or in support of Segwit. Combine that with the results of this Twitter poll (which is not exactly representative as a lot of people do not use Twitter), you get the proof required to confirm my statement (which I will keep repeating).
hero member
Activity: 1036
Merit: 520
May 06, 2017, 11:12:54 PM
#21
It's been less than a month since the last time they announced that they are against it https://medium.com/@ViaBTC/why-we-dont-support-segwit-91d44475cc18
Do you guys believe that they changed their mind  so quick and now they are seriously thinking to start signaling segwit?

in the end miners are just our employees who are mining the blocks. it doesn't matter if they want Segwit or not, that much.
as Lauda keeps repeating as the super majority wants Segwit, they will eventually see they have no other choice but to embrace it.
sr. member
Activity: 277
Merit: 250
May 06, 2017, 10:49:10 PM
#20
Voted fo Segwit and not bigger blocks. I think Segwit increases the block capacity so it's early days yet to decide wheather we need bigger blocks or not. First we need to see if SegWit will be enough. We don't need to inflate blockchain unnecessarily
sr. member
Activity: 854
Merit: 250
May 06, 2017, 10:40:58 PM
#19
It's been less than a month since the last time they announced that they are against it https://medium.com/@ViaBTC/why-we-dont-support-segwit-91d44475cc18
Do you guys believe that they changed their mind  so quick and now they are seriously thinking to start signaling segwit?
legendary
Activity: 1708
Merit: 1036
May 06, 2017, 08:43:26 PM
#18
So there are 821 Votes for Yes, and 181 votes for No to implement SegWit. But do you really think they are going to take that poll into consideration for supporting SegWit? Because I don't think so (though I have voted). When money speaks, all the other noises turn to silence.

If it was a 3rd party sponsoring the poll I'd say  they'd discount it like they've discounted everything else. But at least they are publicly asking the question. I see this as a positive sign. Hopefully the lopsidedness of the poll will make it clear to them that they are the problem in the scalability debate by holding out on this.
sr. member
Activity: 462
Merit: 263
The devil is in the detail.
May 06, 2017, 07:46:42 PM
#17
Only the true shills will resist now.

SegWit (and next Bitcoin exponential bubble) by late summer, early fall.

Good times ahead  Grin

legendary
Activity: 2590
Merit: 3015
Welt Am Draht
May 06, 2017, 06:55:12 PM
#16
I wonder what the thinking is behind it. I presume it's a face saving measure where they can say they're fulfilling the will of 'the people' despite their own misgivings. A neat out for them.
legendary
Activity: 2282
Merit: 1023
May 06, 2017, 06:41:10 PM
#15
Glad to know ViaBTC is starting to reconsider their position. Looking at the success of LTC, I hope miners will start to understand what is better for the development of bitcoin.
-ck
legendary
Activity: 4088
Merit: 1631
Ruu \o/
May 06, 2017, 05:03:31 PM
#14
While it's hard to know with certainty without any context what the purpose of this poll was - be it that they expected their followers to confirm they don't want segwit or they genuinely are reconsidering it - the response should be enough for them to consider it regardless. The effect it had on the floundering litecoin economy should have been an eye opener for them, especially since they also run ViaLTC and helped activate it. My take on it is they are actually realising going against it for dubious political reasons is bad for bitcoin. They even said on their feed "The main reason to refuse SegWit is because the Roadmap of bitcoin core, not the technical detail." While they have lashed out with a few attacks on segwit themselves, they have not done so to the extent that Bitmain did, where changing your mind and backtracking would make them lose face on a grand level. Naturally voting against segwit will be seen as implying one would be voting for them continuing their BIP100+BU support, so hopefully they interpret any vote for segwit as against those too.
legendary
Activity: 1372
Merit: 1027
Dump it!!!
May 06, 2017, 04:46:22 PM
#13
Voted yes to active Segwit, Out of 1589 votes 81% are in favor of Segwit and only 19% are not.  I hope viabtc consider this poll on what to support or if they are supporting HF, I hope this poll will make them consider and see that lots of Bitcoin enthusiast are in favor of Segwit and start broadcasting their support for it.

Let us hope this is the beginning of the end to the scaling wars. Forgive, accept and move on. Progress must be made.


I agree, it is time for Bitcoin to move forward with Segwit activated.


+1

Look what great result it brought to LTC. I m sure something similar would happen to BTC price as well. Who would not want that?

MOVE it Viabtc.  Grin
voted YES to activate as well because we can not remain neutral about this as it will divide the community in half with two different Bitcoins emerging

and if the proposed fork fails to deliver whats expected of it am sure we can revert back to the old version
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