Multibit HD and SegWit ?

[OmegaStarScream]

I was just reading an article on Cointelegraph where It says that Electrum is going to release a new version by Xmas and It should support SegWit : https://cointelegraph.com/news/bitcoin-platform-electrum-next-release-to-support-segwit-apple-debut-in-view and I was wondering what are the plans for Multibit HD ? (I don't mean to advertise Electrum is any manner , If you feel like I'm advertising then feel free to let me know and I will close this topic).

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[CoinCidental]

segwit should work on old clients anyway as obviously not everyone will upgrade in a timely fashion
even now there are people still using ancient clients and that even includes miners .......

also the bitcoin unlimted client may not need segwit if theyre already on larger blocks

[OmegaStarScream]

segwit should work on old clients anyway as obviously not everyone will upgrade in a timely fashion
even now there are people still using ancient clients and that even includes miners .......

also the bitcoin unlimted client may not need segwit if theyre already on larger blocks

It can't start working automatically without doing the coding for it otherwise Electrum tweet wouldn't make much sense. As for Bitcoin unlimited , I don't understand how is it related to Bitcoin ? I thought It's considered as an Altcoin around here

[CoinCidental]

segwit should work on old clients anyway as obviously not everyone will upgrade in a timely fashion
even now there are people still using ancient clients and that even includes miners .......

also the bitcoin unlimted client may not need segwit if theyre already on larger blocks

It can't start working automatically without doing the coding for it otherwise Electrum tweet wouldn't make much sense. As for Bitcoin unlimited , I don't understand how is it related to Bitcoin ? I thought It's considered as an Altcoin around here

It isn't an altcoin if it uses the same blockchain, same client  without a restriction on the blocksize
At the moment BU contribute  between 5 and 10% of the global btc hash rate..... You can see the charts if you Google for them

[shorena]

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It isn't an altcoin if it uses the same blockchain, same client  without a restriction on the blocksize
At the moment BU contribute  between 5 and 10% of the global btc hash rate..... You can see the charts if you Google for them

This is not about BU. Either SegWit is activated or not. If its activated wallets must have code to handle the new SegWit transactions.

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It can't start working automatically without doing the coding for it otherwise Electrum tweet wouldn't make much sense.
-snip-

Judging from this tweet[1] MultiBit HD is either already SegWit ready or at least they are working on it. As you can see from the date its been a while since KeepKey bought the wallet.

[1] https://twitter.com/delrayman/status/735531413005598721

[bomberb17]

What about Multibit classic? If SegWit kicks in, will my bitcoins be available or I will have to move to another wallet?

[OmegaStarScream]

What about Multibit classic? If SegWit kicks in, will my bitcoins be available or I will have to move to another wallet?

Multibit classic is no longer supported and If you check the repository , you will see that there was no commits (modification in the source code) since 2015 : https://github.com/keepkey/multibit and If you check Bitcoincore SegWit adoption , you will see that It's not even listed there : https://bitcoincore.org/en/segwit_adoption/ so I suppose you will have to change your wallet once SegWit kicks in. But no worries , as long as you have your private keys , you should be fine.

[bomberb17]

What about Multibit classic? If SegWit kicks in, will my bitcoins be available or I will have to move to another wallet?

Multibit classic is no longer supported and If you check the repository , you will see that there was no commits (modification in the source code) since 2015 : https://github.com/keepkey/multibit and If you check Bitcoincore SegWit adoption , you will see that It's not even listed there : https://bitcoincore.org/en/segwit_adoption/ so I suppose you will have to change your wallet once SegWit kicks in. But no worries , as long as you have your private keys , you should be fine.

I understand, however I would prefer to stay on Multibit classic if possible. I see that 0.5.18 release came out on September
https://multibit.org/releases/multibit-classic/multibit-0.5.18/
so maybe an updated version for Segwit comes out?

[OmegaStarScream]

I understand, however I would prefer to stay on Multibit classic if possible. I see that 0.5.18 release came out on September
https://multibit.org/releases/multibit-classic/multibit-0.5.18/
so maybe an updated version for Segwit comes out?

Github is probably the best place to know when the version was actually released : https://github.com/keepkey/multibit/releases and as you can see , It got released last year and once again Multibit Classic development is no longer supported.



as for the URL you posted , It's probably the day when It uploaded to the website and not the release date as If you change the version in the URL , you will see the same date and hour .

[bomberb17]

Understood that classic is no longer supported. But since I keep the whole multibit folder offline (on a USB thumb drive) I should be safe, correct?

[CoinCidental]

Understood that classic is no longer supported. But since I keep the whole multibit folder offline (on a USB thumb drive) I should be safe, correct?

USB drives are notoriously unreliable over time, you should be careful if you have a non trivial amount of bitcoins

[OmegaStarScream]

Understood that classic is no longer supported. But since I keep the whole multibit folder offline (on a USB thumb drive) I should be safe, correct?

If that Multibit folder contains the wallet file (which contains the private keys) then yes you should be fine and you can upgrade later to Multibit HD.