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Author Topic: SegWit = Losing money  (Read 1668 times)
RawDog (OP)
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February 01, 2017, 04:17:07 PM
 #1

If you don't let Greg Maxwell take over Bitcoin to install SegWit altcoin, Price Waterhouse will lose $76 million.

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Blockstream has so far raised $76m in funding for experimental ideas like its in-development sidechains network, while inking partnerships with more traditional financial firms like PwC.
http://www.coindesk.com/bitcoin-blockstream-greg-maxwell-blockchain-uncontrollable-noun/

Why do people just stand by and let this private takeover happen?  Are we sheep?



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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Lauda
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February 01, 2017, 04:18:05 PM
 #2

Calling a soft fork an 'altcoin' makes you the only sheep around here. Roll Eyes

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cellard
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February 01, 2017, 04:26:11 PM
 #3

Wrong, Andreas A and everyone worth listening to are advocating for segwit:

https://twitter.com/aantonop/status/821016551075639297

Sorry but anti segwit FUDsters are always noisy cunts with nothing to offer. No convincing arguments have ever been presented that outweight the positives of segwit (including all of franky1's posting history)

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February 01, 2017, 04:27:35 PM
 #4

If you don't let Greg Maxwell take over Bitcoin to install SegWit altcoin, Price Waterhouse will lose $76 million.

 Grin

And don't forget that Greg Maxwell is eating babies - for breakfast!  Shocked
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February 01, 2017, 04:29:19 PM
 #5

Why will they lose the invested money? .... they can just as easily adapt it to fit some other Alt coin. It is not only written for Bitcoin, so

I figure they can "sell" it to whomever they wanted? In any way, they will always have a plan B, if Plan A fails. You do not dump that

amount of money into something and risk everything on a "consensus" decision.  Roll Eyes

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RawDog (OP)
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February 01, 2017, 04:29:32 PM
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Calling a soft fork an 'altcoin' makes you the only sheep around here. Roll Eyes
I can install a whole load of bullshit code to radically change the protocol into something else with a 'soft fork'.  That doesn't make it not an alt.  Calling it a 'softfork' doesn't mean it is still Bitcoin.  

You blind people that follow the gang of thieves that Core is are the sheep
Baaaaaaaa!

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February 01, 2017, 04:30:18 PM
 #7

Wrong, Andreas A and everyone worth listening to are advocating for segwit:
https://twitter.com/aantonop/status/821016551075639297
lol
This is precisely what I was talking about.  "Andreas likes it, therefore I'll do it too".  Fucking sheep doesn't even know he is a sheep.  Are you a moron?

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February 01, 2017, 08:49:31 PM
 #8

If you don't let Greg Maxwell take over Bitcoin to install SegWit altcoin, Price Waterhouse will lose $76 million.

Quote
Blockstream has so far raised $76m in funding for experimental ideas like its in-development sidechains network, while inking partnerships with more traditional financial firms like PwC.
http://www.coindesk.com/bitcoin-blockstream-greg-maxwell-blockchain-uncontrollable-noun/

Why do people just stand by and let this private takeover happen?  Are we sheep?




Mega fud trolls best.

Segwit is adding smart contracts capabilities from the best developers of the world. I dont care for whom they are working. Important is the best tech and cheaper transactions without bloating the blocks and then schorr signatures.

However we will see at the end of the year
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February 01, 2017, 11:41:27 PM
 #9

If you don't let Greg Maxwell take over Bitcoin to install SegWit altcoin, Price Waterhouse will lose $76 million.

Quote
Blockstream has so far raised $76m in funding for experimental ideas like its in-development sidechains network, while inking partnerships with more traditional financial firms like PwC.
http://www.coindesk.com/bitcoin-blockstream-greg-maxwell-blockchain-uncontrollable-noun/

Why do people just stand by and let this private takeover happen?  Are we sheep?




You dont own Bitcoin, its open source and decentralised.  and even tho i also detest big banks and the crooks at the accounting firms that help them defraud us, they have as much right to participate in bitcoin as you. 

Convincing others as to the merits of the bitcoin you want to see is much more productive than trying to shout down and slander others who dont agree.  or as trace mayer would say "write some code, show me the code"
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February 02, 2017, 12:23:15 AM
 #10

Why do you so hate SegWit and call it is an altcoin? SegWit is the best solution to make the block size, hardfork will kill bitcoin, bitcpin price will plummet after hardfork. Softfork is good, and Lightening Network&TumbleBit can be implemented on SegWit.
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February 02, 2017, 12:33:03 AM
 #11

Wrong, Andreas A and everyone worth listening to are advocating for segwit:
https://twitter.com/aantonop/status/821016551075639297
lol
This is precisely what I was talking about.  "Andreas likes it, therefore I'll do it too".  Fucking sheep doesn't even know he is a sheep.  Are you a moron?
I don't want to take any side in this, because being pro SegWit nowadays is like being pro Trump, when whole world seems to hate him.
But there is something called authority of a person. Andreas is one of the most respected bitcoin advocates, I generally agree with everything he says.
Sometimes is good to have someone to look up to who will guide as, will it automatically make us a blind fools or sheep?
We may not have the ability to know, research and follow the best possible way on our own. You are basically calling SegWit bad solution but don't offer anything in return.
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February 02, 2017, 01:15:43 AM
Last edit: February 02, 2017, 01:49:26 AM by franky1
 #12

Calling a [segwit] an 'altcoin' makes you the only sheep around here. Roll Eyes

can you make a P2WPHK tx today on bitcoin mainnet..... no
is P2WPHK key generation active on bitcoin mainnet......no
do pools accept P2WPHK tx today on bitcoin mainnet..... no
do old nodes relay P2WPHK tx today on bitcoin mainnet..... no

for comparison
can you make a litecoin tx today on bitcoin mainnet..... no
is litecoin key generation active on bitcoin mainnet......no
do pools accept litecoin tx today on bitcoin mainnet..... no
do old nodes relay litecoin tx today on bitcoin mainnet..... no

now. is litecoin tx format part of bitcoin. no..
now. is P2WPHK tx format part of bitcoin. no..

thus. its not bitcoin.
oh and yea in the future rules can change where we could include litecoin tx format in bitcoin...
but having a FUTURE possibility. does that then make litecoin no longer an altcoin?


please dont hit reply just yet.
take a deep breath
stand back from the keyboard.
let your thoughts gather.
put on your logic hat and spend a few minutes thinking about it. logically.

please do not reply whilst wearing your defender hat

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Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
panju1
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February 02, 2017, 01:28:14 AM
 #13

If you don't let Greg Maxwell take over Bitcoin to install SegWit altcoin, Price Waterhouse will lose $76 million.

Quote
Blockstream has so far raised $76m in funding for experimental ideas like its in-development sidechains network, while inking partnerships with more traditional financial firms like PwC.
http://www.coindesk.com/bitcoin-blockstream-greg-maxwell-blockchain-uncontrollable-noun/

Why do people just stand by and let this private takeover happen?  Are we sheep?

Segwit activation looks unlikely to happen now. The signalling support for Segwit has dropped from 25% earlier to 23% now.
Why so much fuss for a baby which died during childbirth?
Viscount
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February 02, 2017, 01:33:07 AM
 #14

Why are you creating new thread everyday dumb ass? with such supporter Unlimited doesn't need any foe to fail  Grin
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February 02, 2017, 01:37:55 AM
 #15

Why do you so hate SegWit and call it is an altcoin? SegWit is the best solution to make the block size, hardfork will kill bitcoin, bitcpin price will plummet after hardfork. Softfork is good, and Lightening Network&TumbleBit can be implemented on SegWit.
because he has short positions in bitcoin and he is about to lose all his money  Cheesy
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February 02, 2017, 10:28:45 AM
 #16

Calling a [segwit] an 'altcoin' makes you the only sheep around here. Roll Eyes

can you make a P2WPHK tx today on bitcoin mainnet..... no
is P2WPHK key generation active on bitcoin mainnet......no
do pools accept P2WPHK tx today on bitcoin mainnet..... no
do old nodes relay P2WPHK tx today on bitcoin mainnet..... no
The same way it was for pretty much any soft fork that introduced new TX types. What is the useless point that you're trying to make this time?

Segwit activation looks unlikely to happen now. The signalling support for Segwit has dropped from 25% earlier to 23% now.
Why so much fuss for a baby which died during childbirth?
It's too early to make conclusions. Also, you obviously don't even know what variance is.

because he has short positions in bitcoin and he is about to lose all his money  Cheesy
That wouldn't surprise me one bit.

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Xester
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February 02, 2017, 10:38:28 AM
 #17

Why is segwit equivalent to losing money. It is not applicable to all but to the owner of segwit. The problem with segwit and why they are going towards bankruptcy is that they want 95% consensus from the overall population of miners. That is very hard target to capture and with this its maybe good bye to segwit.  Soon BU will replace segwit, its funny.
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February 02, 2017, 10:56:39 AM
 #18


Segwit activation looks unlikely to happen now. The signalling support for Segwit has dropped from 25% earlier to 23% now.
Why so much fuss for a baby which died during childbirth?

It's too early to make conclusions. Also, you obviously don't even know what variance is.


And you obviously never bothered to do this

All Miners   -  Chinese Miners  =  What is Left
100%        -   68%                =  32%

Meaning the highest possible % voting for segwit will be 32%, and you are not even getting that.  Tongue

Let me break it down for you.
Chinese Miners No Like Segwit, so Segwit will Die! Wink
That is what happens when you have a centralized coin network.


 Cool
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February 02, 2017, 12:42:38 PM
 #19

I support segwit, because I've learned all data to the issue and it turns out, that segwit is far better and safer than hardfork Wink
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February 02, 2017, 12:59:38 PM
 #20

Wrong, Andreas A and everyone worth listening to are advocating for segwit:
https://twitter.com/aantonop/status/821016551075639297
lol
This is precisely what I was talking about.  "Andreas likes it, therefore I'll do it too".  Fucking sheep doesn't even know he is a sheep.  Are you a moron?


Notice how you are too dumb to counter-argument Andreas, so you just call people that agree with him "sheep" instead of actually refuting the pro-segwit argument. Get lost you buffon, you wish to know as much as A.A about bitcoin.
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