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Author Topic: Pessimistic outcome: segwit won't be activated  (Read 2129 times)
Jet Cash
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December 13, 2016, 02:15:57 PM
 #21


Unfortunately, there is no way to scale anywhere notable on-chain, it's just not realistic, unless of course, you don't mind bitcoin being hosted in centralized hubs, which would kill the point of bitcoin.


Sorry to harp on about this, but that isn't strictly true. Halving the block generation time, and adjusting the mining rewards, doesn't seem to be a major task. Of course, that assumes consensus amongst the byzantine generals. Smiley

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December 13, 2016, 02:30:36 PM
 #22


Unfortunately, there is no way to scale anywhere notable on-chain, it's just not realistic, unless of course, you don't mind bitcoin being hosted in centralized hubs, which would kill the point of bitcoin.


Sorry to harp on about this, but that isn't strictly true. Halving the block generation time, and adjusting the mining rewards, doesn't seem to be a major task. Of course, that assumes consensus amongst the byzantine generals. Smiley

In order for what pereira said to be untrue, your statement would need to be true. But your statement's wrong.


Everything you said was correct, in isolation. Except that none of what you said makes Bitcoin scalable. Because halving the block interval isn't going to be feasible more than once, and the majority technical opinion is that even cutting the 10 minute target carries too much risk from constant chain-reorgs.


I'm absolutely fine with people finding alternative scaling solutions, but they have to be actual alternatives, not just a pleasant thought-experiment that lasts 5 minutes.

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December 13, 2016, 02:38:55 PM
 #23

We need LN. We need segwit.

But what if idiots like Bitcoin-com and Via will crumb the deal?


Bitcoin core won't care they see btc as a store of value transactions and speed don't matter.
and keeps decentralization.

Bitcoin miners and block size hard fork folk want more transactions thus more centralized  and
More transactions more fees and adoption.

 Bitcoin core.     Like gold. Holding good enough.

 Miners and transactions more due to btc as a currency etc more like silver coins

You could be right it may never happen. Stalemare

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