Bitcoin Forum

Just want to put this out there on the record.

Yea, Aug 1st can't get here soon enough.

I would disagree with BU, that is dead.  And Segwit is awesome. 

The results will be decided on August 1, let's wait together, however, one thing is certain, BU will not be recognized. Segwit and core will be the only two options.

did i miss something? segwit IS core, isn't it?

SegWit is developed by Core and is their solution, yes.
To be honest I don't expect BIP 148 to get far.  For now it's stuck with a negligible amount of hashrate which would end up making it near worthless when a split happens.

I'm thinking the real solution will be a better UASF a while later, or a compromise involving SegWit + 2mb implemented by Core.

If neither of those things happen, we might end up with a half-hearted attempt to implement LN on the current Bitcoin, and a pathetic display leading to a slow takeover from alts.

I am really highly hoping that soon this whole thing can get solved even partially if not wholly so that we can all move on and let Bitcoin reach its full potential. As of now, this scaling problem, the backlogs, the slow transactions and the damning fees all are putting Bitcoin at a disadvantaged...good thing that its value is still jumping high as the market keeps on ignoring the problems surrounding the currency.

Let the whole Bitcoin community and all stakeholders unite for what can be the good for all of us and not just for some people who also have their own vested interests shining.

The question you should be making yourself is: are all those alts attempting to takeover Bitcoin really decentralized? are they really a replacement for what Bitcoin has to offer?

Or do they easily scale and implement changes because they are centralized?

ETH - no.
ETC - yes.
Litecoin - yes.
Monero - yes.
Tertiary alts (e.g. Byteball) - yes, unless they're built on the Ethereum network or they're too small to be properly decentralised (or they're shitcoins with a huge premine/instamine).
No, but they can be.  ETH for example is not digital cash, but it can act in that way.  However, ETH is unusual because the fees aren't actually all that low after the surge in price.
They easily scale and implement changes because they are small.  Some can either be temporarily more centralised (but could become decentralised as they grow), or they can just find it easier to cooperate in a smaller community where less big money is involved.  ETH and Ripple are exceptions to this, and they're centralised.

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To dismiss altcoins as useless is basically ignorance, because even when being newly created they can develop innovations, so it doesn't necessarily mean that they're mutable.

I'd say Bitcoin will still be quite relevant when no scaling is implemented, but it would be a half-hearted attempt at relevance and would mainly be propped up by HODLers and people "diversifying" their cryptocurrency portfolio into several coins.