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Author Topic: The SegWit activation was a joke?  (Read 2381 times)
Filmmmakerr
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August 28, 2017, 10:56:11 PM
 #81

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.

Wow, very well put. That actually makes a lot of sense, so if we do get that x2 upgrade in November does that make it the possibility of another bitcoin airdrop?

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nightways
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September 14, 2017, 12:17:45 PM
 #82

Hello guys, I really don't understand all the "excitement" about that SegWit thing. It already activated couple of days ago and still nothing - too many unconfirmed transactions, fees are very high, block sizes are still under 1 MB, and slow confirmations. Where is the promised lightning network? When (if at all) the current situation will change?

I think segwit was activated to boost the transaction speed, and also increase the block size of bitcoin
transactions, though transactions involving bitcoin cash are now being confirmed in no time, bitcoin transactions are starting to suffer a lot.
salihno71
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September 14, 2017, 12:29:55 PM
 #83

One thing is to enable SegWit and something else is to use it. You need to have SegWit enabled wallets on both side to be able to reap the benefits of the lower fee. It will take some time for sure but eventually it will be used by most if not all.
pokeronlinestatus
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September 14, 2017, 03:07:14 PM
 #84

Hello guys, I really don't understand all the "excitement" about that SegWit thing. It already activated couple of days ago and still nothing - too many unconfirmed transactions, fees are very high, block sizes are still under 1 MB, and slow confirmations. Where is the promised lightning network? When (if at all) the current situation will change?

I have not noticed any thing new since segwit was claimed to have been launched, infact there now seems to be more transactions on the network that are now taking longer to be confirmed, even transaction fees have been increasing rapidly.
Smith13c
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September 17, 2017, 08:12:28 AM
 #85


Activating Segwit is the first step to adding new features to bitcoin
I think it will disappear, but now news comes it has a lot of hash,
I also do not think it is related to bitcoin cash, just give it a bit to make devs work on the project and soon it will be faster.
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October 22, 2017, 09:05:51 PM
 #86

Hello guys, I really don't understand all the "excitement" about that SegWit thing. It already activated couple of days ago and still nothing - too many unconfirmed transactions, fees are very high, block sizes are still under 1 MB, and slow confirmations. Where is the promised lightning network? When (if at all) the current situation will change?


Many people think segwit can change this situation, but I think it can not, because in fact, it just makes a different currency. Another bitcoin is similar and certainly can not solve the current problem of bitcoin.
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