95% lol. No chance. SegWit is now dead.

[franky1]

Well with my limited knowledge, I think SegWit is a good thing, I've upgraded my node to 0.13.2, and I block classic and unlimited nodes. Do I need to do anything else?

I'm holding back on my use of Bitcoin at the moment, but I want to use it for domain name sales payments in the future, and I want to use the multi-sig option to perform Escrow functions. This has become more urgent now that Escrow.com has started to support PayPal.

So when is it going to be safe to start using SegWit transactions?

your actively blocking classic and unlimited nodes?

so you dont want diverse decentralisation. you want controlled system that avoids consensus.
i now wonder who told you to block anything thats not core..

you do realise in a true decentralised network having say XX different implementations from different teams is a security advantage.

EG if you only read news from one news source. they dictate what you think and know. reading news from different sources atleast lets you be more informed and double check whats been handed to you

the only reason you should block a node is if its DDoSing you. not because of the brand.

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[Xester]

I guess segwit has a low chance of survival but it will die before it will launch. Possibly its survival rate is 5% and that is big enough. But who knows if there are big investors behind segwit then possibly they can pull the rope to uplift it. In crypctocurrency business those who have a huge capital can make miracles to their coin just like Ethereum. Segwit being an altcoin can still made it to the top if the investors have huge capital to promote and invest in their coin.

[Jet Cash]

So if SegWit doesn't get adopted, what are the chances of someone starting another coin that does include all the advantages of SegWit?

[pedrog]

So if SegWit doesn't get adopted, what are the chances of someone starting another coin that does include all the advantages of SegWit?

Already done: http://litecoinblockhalf.com/segwit.php

It will probably be activated in Litecoin, but we need to wait and see.

This is a move to advance not only Litecoin but also Bitcoin.

[Seldar]

So what actually happens now? Will the miners go for Bitcoin Classic or Unlimited, or does the bickering continue without being resolved for another year?

pools wont vote for either side unless they know nodes can handle it.. pools are smart enough to know about the risks of having nodes that cant validate data.

thats what the 65% undecided are waiting for..

it should have been a node consensus first, pool consensus second strategy.
not a pool first, node second.

Do you really think that nodes won't follow the miners majority if Bitoin Unlimited get the majority?

[Seldar]

There's like 4000 nodes running core, and 3000 of them are signaling segwit.   There are about 400 nodes signaling "other things" ... (XT, Classic, BU, etc.).   It's as clear as day on the node side.   Only miners hoping they can delay the fee drop and capacity increase a little longer.

Off courser, miners who are voting BU want to delay the fee drop...
What a joke

If you want to get to $0.01 fees and $5000 coins, you'd need fast and efficient 100MB blocks that can be easily and quickly transmitted to all nodes in the network.   100MB is crazy and can never work.   Networks just don't scale that way.   So let's please stop fooling ourselves and pretend off-chain scaling *isn't* the end game here.

100mbytes per blocks... 160kbytes/s (or 1.285mbits/sec)... It's not what we could call a high speed rate!

[Nicolas Tesla]

he is on record claiming its ok turning bitcoin into paypal 2.0 if that is the result of getting a blocksize thats big enough to guarantee fast cheap onchain transactions.

did you even read the article and calmly understand the context.

he said he would gladly let core have their LN (paypal2.0) if it meant core would let the community have dynamic blocks to grow bitcoins main net naturally.

meaning making LN(paypal2.0) voluntary side service bcause there would be enough room on the mainnet for both..
and not what core wants, which is
a compulsory offchain commercialised service which core want due to core restricting natural scaling of the mainnet to force people offchain.

WAKE THE HELL UP

actually understand the reality of the world.
its core that want to make the commercialised offchain permissioned service. (paypal2.0 aka LN HUBs)

Lulz, tell that when big block Roger coin will have all nodes in Jihan's data centers or with only 100 nodes around the world controlled by big business actively complying and KYC/AMLing your ass with govs because it will push out the average joe of having a node in the "Bitcoin" network.

Your big block Vision will be an epic centralized fail !

LN is decentralized and censorship resistant, the barrier to entry is so low that any idiot with low resource could run a node...

Try that with a 1 GB or worse an unlimited block buddy.

Sure you will be all on-chain, with something worse than PayPal ! Enjoy !

[Nicolas Tesla]

I don't like how much we all have to wait around, and campaign, and beg these miners to signal SegWit. In the end, if they delay or reject changes that most of the users and the technical community support, then we need to consider changing the POW and removing them from the network.

If we don't at least seriously consider this option, we might start to see miners more aggressively reject other new features in the future. It makes no sense to give veto power on soft forks to a handful of guys living in some totalitarian hellhole (who knows what their motivations are or will be in future).

Changing Pow will hurt short term but it will be good on long term, removing those clown from BTC and allowing progress is indeed good, currently BU is at 17 % I think a divorce is unavoidable we should go both our way let's them have central coin in China !

[RawDog]

Well with my limited knowledge, I think SegWit is a good thing, I've upgraded my node to 0.13.2, and I block classic and unlimited nodes. Do I need to do anything else?

Now, you need to go jump off a bridge.  Your knowledge is very limited indeed.  But like most people with limited knowledge, you've come to love SegWit.  

So if SegWit doesn't get adopted, what are the chances of someone starting another coin that does include all the advantages of SegWit?

There are no advantages of SegWit.  It primary purpose is to enable Lightning so Blockstream can charge fees to onramp that bullshit unneeded system.

[alyssa85]

So what actually happens now? Will the miners go for Bitcoin Classic or Unlimited, or does the bickering continue without being resolved for another year?

... it should have been a node consensus first, pool consensus second strategy.

There's like 4000 nodes running core, and 3000 of them are signaling segwit.   There are about 400 nodes signaling "other things" ... (XT, Classic, BU, etc.).   It's as clear as day on the node side.   Only miners hoping they can delay the fee drop and capacity increase a little longer.

In other words we're at a complete impasse. Segwit can't get to 95%, but the miners won't try classic or unlimited unless the nodes back it and they won't.

So I guess we're in for another wasted year, and meanwhile an alt somewhere will take bitcoin's crown, it only takes one good alt to do it.

[Jet Cash]

Now, you need to go jump off a bridge.  Your knowledge is very limited indeed.  But like most people with limited knowledge, you've come to love SegWit.  

It's that sort of comment that makes me feel I should sell my Bitcoin domain names, and look for an alternative. I've dragged my feet over Bitcoin for the last year because of all the infighting. Maybe it's time to get out.

[tiggytomb]

So if SegWit doesn't get adopted, what are the chances of someone starting another coin that does include all the advantages of SegWit?

Already done: http://litecoinblockhalf.com/segwit.php

It will probably be activated in Litecoin, but we need to wait and see.

This is a move to advance not only Litecoin but also Bitcoin.

Well worth watching how LTC works with it once it gets through, it has more of a chance with 75% it could sway the undecided. 

Either way for litecoin it could be a bit of a price wave, although It will probably end up putting LTC into an early grave but who knows stranger things have happened.

[Sundark]

So if SegWit doesn't get adopted, what are the chances of someone starting another coin that does include all the advantages of SegWit?

Already done: http://litecoinblockhalf.com/segwit.php

It will probably be activated in Litecoin, but we need to wait and see.

This is a move to advance not only Litecoin but also Bitcoin.

Actually this would not be that bad. Let Litecoin be a first test subject of SegWit and then community will see and decide whether it was good choice.
Maybe then hardcore bitcoiners will understand that there is a price for progress.

[BillyBobZorton]

he is on record claiming its ok turning bitcoin into paypal 2.0 if that is the result of getting a blocksize thats big enough to guarantee fast cheap onchain transactions.

did you even read the article and calmly understand the context.

he said he would gladly let core have their LN (paypal2.0) if it meant core would let the community have dynamic blocks to grow bitcoins main net naturally.

meaning making LN(paypal2.0) voluntary side service bcause there would be enough room on the mainnet for both..
and not what core wants, which is
a compulsory offchain commercialised service which core want due to core restricting natural scaling of the mainnet to force people offchain.

WAKE THE HELL UP

actually understand the reality of the world.
its core that want to make the commercialised offchain permissioned service. (paypal2.0 aka LN HUBs)

Dynamic block size ends up with the same problem: Attackers could exploit it by making the block size too big for normal people to host nodes. You can add dynamic fe but at that point the fee would bee too high and we are back to the same problem.

If it was as easy as that then the dynamic blocksize solution would have been already implemented but pro-dynamic blocksize people never explain the negatives.

[Redrose]

Very strange that you say that, as I remember that not so long ago most of the people were hailing the great victory of SegWit, that it will be activated very soon. I don't think this is a bad thing, why are you saying so, that it is an altcoin ? For me it justs reorganisate the blocks, so I could not call that an altcoin.

[skierchewing]

This does not suprise me that much, because who the hell would put a 95% threshold ? Our rulers put us a 50% cap but there is not a civil war, so putting 50%, 60% if you want, would have been enough !

[Nicolas Tesla]

This does not suprise me that much, because who the hell would put a 95% threshold ? Our rulers put us a 50% cap but there is not a civil war, so putting 50%, 60% if you want, would have been enough !

The 95% activation was to avoid chain split and reorg... At 95% you have virtually no contention, if you want to chain split, put activation at 50 %, hell even 75% can lead to a permanent chain split !

[Nicolas Tesla]

I don't like how much we all have to wait around, and campaign, and beg these miners to signal SegWit. In the end, if they delay or reject changes that most of the users and the technical community support, then we need to consider changing the POW and removing them from the network.

If we don't at least seriously consider this option, we might start to see miners more aggressively reject other new features in the future. It makes no sense to give veto power on soft forks to a handful of guys living in some totalitarian hellhole (who knows what their motivations are or will be in future).

Changing Pow will hurt short term but it will be good on long term, removing those clown from BTC and allowing progress is indeed good, currently BU is at 17 % I think a divorce is unavoidable we should go both our way let's them have central coin in China !

I know that there are some alternative of PoW, but as far as i know, PoW is the most suitable and secure for bitcoin. I doubt we will see something better than PoW anytime soon

You don't change PoW for PoS or anything else, you change the PoW algorithm ie: Keccak (SHA3) instead of the current SHA 256 having the side effect of turning ASIC in Chinese data centers into nothing more than space heaters...

[jacafbiz]

I don't think you can jump to conclusion and say that SegWit is now dead, negotiation and realignment of group is going on, we all know this is more of politics than the tech, wait till march and see if the percentage of miners that have activated it has increased or not.

[RawDog]

negotiation and realignment of group is going on,

It is dead.  People don't want it.  You can pour sugar on it all day long - it aint gonna get better.  It was made to enable that piece of shit LN which is nothing more than an alt coin scam by Blockstream.