I think this is a great move. I'm a bit Old School in a sense that "if it ain't broke don't fix it" and Bitcoin seems to be running strong.
I'm still not convinced SegWit is entirely necessary and perhaps people are just getting impatient.
So what if your transaction takes 1+ hour to confirm or even 24 hours? There may be Post-Asic technology right on the horizon, and I doubt most of these people that support SegWit are smarter than Satoshi. I just wish Satoshi would make a public statement about SegWit so we know if it's right or not.
Topic: Why taking time in Segwit implementation might be a good thing... - page 2. (Read 1214 times)
December 12, 2016, 10:24:14 PM
December 12, 2016, 09:46:18 PM
I have read this article on Bitcoin Magazine today. https://bitcoinmagazine.com/articles/which-altcoins-are-implementing-segwit-1481577969
It is about two altcoins that are planning on implementing Segwit and how it is a much practical option. Those two altcoins are Litecoin and Viacoin.
The thing I took from that article is how it would be nice to see Segwit get implemented in a running mainnet but at the same time it could be seen as a running testnet for Bitcoin. It was nice of Charlie Lee, founder of Litecoin, to risk his own project just to help bring things forward for Bitcoin.
These are quotes of what he said written in the article.
"One of the goals of Litecoin is to help experiment with things that are too hard to experiment with on Bitcoin.”
“Unfortunately, Bitcoin is deadlocked with SegWit versus Bitcoin Unlimited. I want to see Litecoin help break that deadlock in one way or another. That means we have to take a risk: if SegWit activates on Litecoin but doesn't on Bitcoin after a year, our codebase could be very different. I'm willing to take this risk to help move things forward: for Litecoin, Bitcoin and cryptocurrency in general.”
Signalling may start next week both for LTC and VIA. The soft fork is also expected to be faster for both altcoins. Time to start observing these coins and see what the anti Segwit crowd is really afraid of.
It is about two altcoins that are planning on implementing Segwit and how it is a much practical option. Those two altcoins are Litecoin and Viacoin.
The thing I took from that article is how it would be nice to see Segwit get implemented in a running mainnet but at the same time it could be seen as a running testnet for Bitcoin. It was nice of Charlie Lee, founder of Litecoin, to risk his own project just to help bring things forward for Bitcoin.
These are quotes of what he said written in the article.
"One of the goals of Litecoin is to help experiment with things that are too hard to experiment with on Bitcoin.”
“Unfortunately, Bitcoin is deadlocked with SegWit versus Bitcoin Unlimited. I want to see Litecoin help break that deadlock in one way or another. That means we have to take a risk: if SegWit activates on Litecoin but doesn't on Bitcoin after a year, our codebase could be very different. I'm willing to take this risk to help move things forward: for Litecoin, Bitcoin and cryptocurrency in general.”
Signalling may start next week both for LTC and VIA. The soft fork is also expected to be faster for both altcoins. Time to start observing these coins and see what the anti Segwit crowd is really afraid of.
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