Why aren't we all using segwit addresses?

[eternalgloom]

Anyone who's also subscribed to the Bitcoin subreddit might have already seen this post, but I feel it should be shared here too.

https://www.reddit.com/r/Bitcoin/comments/7l9tda/day_2_i_will_repost_this_guide_daily_until/

Here's the most important quote from the post, but go and read the whole thing yourself, it's definitely worth it!

Subhan Nadeem has pointed out that:

If every transaction in the Bitcoin network was a SegWit transaction today, blocks would contain up to 8,000 transactions, and the 138,000 unconfirmed transaction backlog would disappear instantly. Transaction fees would be almost non-existent once again.

A few thousand bitcoin users from /r/Bitcoin switching to making their next transactions Segwit transactions will help take pressure off the network now, and together we can encourage exchanges/wallets to rapidly deploy Segwit for everyone ASAP. Let's make it happen.

Exchanges: Find out if your exchange has deployed Segwit already. If not, politely request that they do so within 30-days or they will lose your business. Sign-up for an account with a Segwit deployed/ready exchange now

I would suggest everyone to look into segwit addresses and use them, you'll save a lot on transaction fees, as the size of segwit transactions is a lot smaller than that of a regular transaction.
There's a list of segwit enabled wallets and exchanges in that Reddit post.

[Stooked]

personally i support but when using segwit addresses bitcoin will be  less decentralization.

bitcoin will lost it’s value

[uszaty43]

hahaha the fuck?? What are you talking about? do you mean it seriously or you have been smoking weed before creating that shitty post?

DUMB STICKY OF THE DAY > SEGWIT ADDRESSES > LESS DESCENTRALIZATION.

personally i support but when using segwit addresses bitcoin will be  less decentralization.

How the fuck can you say that bitcoin segwit is going to make bitcoin less centralized? They are the same as the ussual addresses, only that you pay less bitcoin for new transactions.

Legacy addresses are paying upto $70 worth of fees right now, while segwit addresses just $45.

And lost it's value? What the fuck? x2.

bitcoin will lost it’s value

[criptoman83]

I support this idea, the miners are  insolent with theirs fees. for this reason I don't send any BTC last weeks, just keep on the wallet. But is it really possible to ask for segwit address? i have blockchain.info wallet with wild fees.

[exstasie]

Subhan Nadeem has pointed out that:

If every transaction in the Bitcoin network was a SegWit transaction today, blocks would contain up to 8,000 transactions, and the 138,000 unconfirmed transaction backlog would disappear instantly. Transaction fees would be almost non-existent once again.

A few thousand bitcoin users from /r/Bitcoin switching to making their next transactions Segwit transactions will help take pressure off the network now, and together we can encourage exchanges/wallets to rapidly deploy Segwit for everyone ASAP. Let's make it happen.

Exchanges: Find out if your exchange has deployed Segwit already. If not, politely request that they do so within 30-days or they will lose your business. Sign-up for an account with a Segwit deployed/ready exchange now

I know these are back-of-the envelope calculations, but on the first part, this seems wrong. "A few thousand bitcoin users from /r/Bitcoin" upgrading to Segwit might have very little effect. We have no idea the weight of their transactions nor whether any given thousand redditors transacts much if at all. (HODL!)

The latter part (exchanges) is what matters: economically relevant nodes. The majority of blockchain activity comes from exchanges and services, not regular users. My feeling is that exchanges are far more concerned with scaling their infrastructure due to user growth that they can't handle. And I support that. As a customer of several exchanges and brokers, I can say that performance/trade engine/API/downtime issues are a million times more important to me than withdrawal fees.

Segwit was touted as an opt-in upgrade. Threatening to leave an exchange I otherwise like over it? That's absurd.

[captainplauze]

Anyone who's also subscribed to the Bitcoin subreddit might have already seen this post, but I feel it should be shared here too.

https://www.reddit.com/r/Bitcoin/comments/7l9tda/day_2_i_will_repost_this_guide_daily_until/

Here's the most important quote from the post, but go and read the whole thing yourself, it's definitely worth it!

Subhan Nadeem has pointed out that:

If every transaction in the Bitcoin network was a SegWit transaction today, blocks would contain up to 8,000 transactions, and the 138,000 unconfirmed transaction backlog would disappear instantly. Transaction fees would be almost non-existent once again.

A few thousand bitcoin users from /r/Bitcoin switching to making their next transactions Segwit transactions will help take pressure off the network now, and together we can encourage exchanges/wallets to rapidly deploy Segwit for everyone ASAP. Let's make it happen.

Exchanges: Find out if your exchange has deployed Segwit already. If not, politely request that they do so within 30-days or they will lose your business. Sign-up for an account with a Segwit deployed/ready exchange now

I would suggest everyone to look into segwit addresses and use them, you'll save a lot on transaction fees, as the size of segwit transactions is a lot smaller than that of a regular transaction.
There's a list of segwit enabled wallets and exchanges in that Reddit post.

Using the segwit address will keep helping BCH creators and holders and make bitcoin lesser attractive.