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Topic: Will segwit be activated? - page 5. (Read 4443 times)

sr. member
Activity: 243
Merit: 250
January 19, 2017, 07:59:06 PM
#5

They won't look like rascals, when the BTC TX fee will be 5$.

We need a sensible solution, right NOW. We cannot wait 1 more year.

Do you remember Andressen assertion that Craig is Satoshi Nakamoto. And you want to believe this man?
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK
January 19, 2017, 07:52:15 PM
#4
It is far more likely that Segwit is going to fail and very little will come of it, beyond the now believed and measured 25% support for changing the system to allow for more transactions and better times.

Right now people probably don't care because it doesn't immediately affect them, but once we do get large fees like you're saying, I would expect for a lot of people to want to change.

Probably, but what is Plan B?

Will the devs just sit by, or they are already planning plan B in case segwit fails?

I hope they won't just wake up with their pants down after the activation period fails. I hope they are already considering alternatives, even the block increase, as last resort.

We need to be very flexible when it comes to this. After all it's the bitcoin community that has the ultimate authority, and everyone else must conform to the will of the community.

Of coarse it will  Smiley. There's no other sensible solution.
Let me remind you, that the other option HARDFORK Unlimited promoted by three rascals Mile Hearn, Gavin Andreseen, And Roger Ver, intend to harm and ruin Bitcoin forever. They've already made 2 attemps - XT and Classic and failed. Now their final overture we must be vigilant.

They won't look like rascals, when the BTC TX fee will be 5$.


We need a sensible solution, right NOW. We cannot wait 1 more year.
sr. member
Activity: 243
Merit: 250
January 19, 2017, 07:51:00 PM
#3
Of coarse it will  Smiley. There's no other sensible solution.
Let me remind you, that the other option HARDFORK Unlimited promoted by three rascals Mile Hearn, Gavin Andressen, And Roger Ver, intend to harm and ruin Bitcoin forever. They've already made 2 attemps - XT and Classic and failed. Now their final overture we must be vigilant.
legendary
Activity: 1218
Merit: 1007
January 19, 2017, 07:47:59 PM
#2
It is far more likely that Segwit is going to fail and very little will come of it, beyond the now believed and measured 25% support for changing the system to allow for more transactions and better times.

Right now people probably don't care because it doesn't immediately affect them, but once we do get large fees like you're saying, I would expect for a lot of people to want to change.
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK
January 19, 2017, 07:28:12 PM
#1
Out of the 26 periods 4 have already expired and it doesn't look like it will go through the 5th either. The support for it stagnates at 24.4%, and it doesnt look like it will grow any time soon.

Looks like nodes either dont care, or outright reject segwit, which means that the devs should already look into alternatives if the network rejects segwit.

They should not scramble at the last minute, but instead be prepared with alternative solutions instead of segwit.


What now? Maybe block size increase? I used to be against it, but looking at it now, there is really no other option. Besides the TX fee costs are already outrageous, and it's only going to get worse:

https://bitcoinfees.21.co


Fees used to be 80% cheaper just 6 months ago, and if this goes on like this then we might end up with 1-10$ size fees just like banks. What will be the point then of BTC when the fees will be just as high as of banks? Or higher?
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