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Author Topic: Do we have enough support for Segwit?  (Read 572 times)
metalbean
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January 26, 2017, 11:12:54 PM
#1

95% miners have to agree, how are they given the choice to "agree" or not? By simply downloading the latest update or they get some voting mechanism in place ?

What if a rogue node fails to agree? Say some node alliance in a country, then what happens?

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January 27, 2017, 12:40:03 AM
#2

Good question .
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January 27, 2017, 01:10:24 AM
#3

At this rate it is safe to assume that SegWit as bitcoin upgrade won't be activated at all (at least not is its current state).
Last time I checked it had roughly ~16% miners support. Even Bitcoin Unlimited proposed by Roger Ver has more support.


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January 27, 2017, 01:31:55 AM
#4

At this rate it is safe to assume that SegWit as bitcoin upgrade won't be activated at all (at least not is its current state).
Last time I checked it had roughly ~16% miners support. Even Bitcoin Unlimited proposed by Roger Ver has more support.


Yeah, sadly we cannot see Segwit implementation anytime soon, it seems the anti-segwit campaign is successful in convincing miners not mine on pools that signals segwit, or miners are just getting lazy and do not bother at all?  Though I wanted to know what would be the effect of Segwit activation in  Bitcoin and it's future updates, it seems I have to observe it in an altcoin blockchain activation in Litecoin.

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marcoman22
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January 30, 2017, 09:16:04 AM
#5

Segwit was invented to shrink the file size of a bitcoin transaction.Its purpose is to make the bitcoin network approve more transactions with each block.In segwit,a consensus of entire bitcoin network isnt required in order to make it work.So, segwit will work even if some users dont update their software to the new version,making it much easier to implement.So, we can hope there will be enough support for Segwit.
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January 30, 2017, 11:31:53 AM
#6

95% miners have to agree, how are they given the choice to "agree" or not? By simply downloading the latest update or they get some voting mechanism in place ?

What if a rogue node fails to agree? Say some node alliance in a country, then what happens?
Some pools are signaling SegWit support, while others aren't.
By mining on a pool that supports SegWit, you inherently "agree" to it. Pools themselves can choose to broadcast SegWit support however, and all miners will automatically agree to do so.

I honestly believe some miners have no idea what SegWit is or why they should support it, which is why I think that only the pool owners can make the change.
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January 30, 2017, 12:52:00 PM
#7

95% of votes is hard to get in able to activate SegWit. But majority of them are not in favor on this system enhancement. If im not mistaken. The percentage of votes is below 30%. Me, im agree to SegWit if its the way to improve bitcoin experience. I wonder if the SegWit will never happen. What will happen to bitcoin?

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January 30, 2017, 02:12:20 PM
#8

Last time I checked it had roughly ~16% miners support. Even Bitcoin Unlimited proposed by Roger Ver has more support.

Where are this numbers from? I know Blockchain.info's chart about blocks mined with Segwit support and it's on 24% (2016 block average). And there seems to have been a short-term peak at 35% yesterday (144 block average). Greg Maxwell has said in another thread that among "listening nodes" the adoption is over 60%.

There are three things that give me a little hope Segwit could be activated this year. One is Litecoin's decision to adopt it (or "give the chance to miners to signal support for it"). If the adoption is successful, some Bitcoin miners could also follow.

The second is the bug which almost forked Bitcoin Unlimited from the main block chain yesterday. That could also work in favour of Core.

The third is that what I've read about the last Satoshi Roundtable there is a will in the community to fix the blocksize issue. Perhaps a deal can be done, like "miners support segwit if in 2018 the blocksize is doubled.".

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January 30, 2017, 02:18:24 PM
#9

I would like to add this link too, maybe it helps: https://bitcoincore.org/en/segwit_adoption/
It doesn't tell only the % of adopters, it also tell names. Maybe some can .. persuade more entities to adopt it Smiley

However, still an awfully lot of % needed to get there...

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July 02, 2017, 06:11:55 AM
#10



If >80% mining pool has signaled support, why don't they switch/signal to SegWit soon? Looking at the chart the current block that have signaled is about half of promised.

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July 02, 2017, 06:17:37 AM
#11



If >80% mining pool has signaled support, why don't they switch/signal to SegWit soon? Looking at the chart the current block that have signaled is about half of promised.
Agreed it's been expected that the support will be reached more than 80% in a short time period, but looking the current scenario it seems than we are little away and need time to get more support to activate the segwit for a growth. Also we don't know the reality, if segwit gets activated what happens next.

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July 22, 2017, 06:51:19 AM
#12

Of course the purpose of segwit is so bitcoin can be better. That is a very good goal. With segwit I think can control bitcoin. This will definitely get a lot of support. Is not our goal all the same. Want bitcoin can be better. So I think we should support this system. And segwit will be able to work optimally. Even very good for trading problems. Of course the traffickers will be more understanding. I think all will be better if segwit immediately done. There will be no panic that will happen if segwit done





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metalbean
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July 22, 2017, 07:43:41 AM
#13

There is an argument that even with 2-4mb block there isn't enough space/time to do fast enough transaction. The new bitcore stated 20mb block as their advantage against bitcoin. Can someone technical enough enlighten on the technicalities?

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Hydrogen
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July 23, 2017, 11:04:26 PM
#14

Bitcoin's price shooting up indicates there isn't enough support for a fork. If the price declines again, it means hard forkers gained enough support to be a possibility. Hard fork is the main cause of btc's price declining from a historical perspective. Denial of hard fork is a major cause of btc's price rising also.

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