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Author Topic: Do you think BTC SegWit will be activated?  (Read 1663 times)
d.kevin29 (OP)
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April 24, 2017, 07:50:56 AM
 #21

It was released to be unchanged and this could be a huge failure for it.

where in any bitcoin literature is it stated that everything is set in stone? loads of things have been refined since the early days. and it started off with theoretically unlimited block size with a 32mb block size limit implied.

hard to change, sure. but not impossible.

I might have read or understood things the wrong way when I read about BTC a while ago. Anyways, what I mean is it shouldn't be changed because a change could once mean a failure. And Bitcoin is the "Mother" of all the Cryptocurrencies, so its' failure would bring all the Altcoins down together with it.
dinofelis
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April 24, 2017, 01:02:47 PM
 #22

No, is the short answer.

I think Segwit will be activated for Litecoin, and people will be told, why don't you use LTC for segwit related activities. Then it will turn out no-one actually uses it at all, and the whole thing will fall flat.

Loads of little alts now have segwit, eg digibyte and some others, so plenty of segwit around for the afficionados without involving bitcoin!

I'm thinking that too, honestly.
dinofelis
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April 24, 2017, 01:05:47 PM
 #23

i don't think it'll ever happen. bitcoin's too much in the hands of a small number of miners. i also don't believe we'll ever get bigger blocks. the people pushing them so far are too incompetent and childish.

question is what will the market do with a bitcoin that won't change? i don't think it's gonna put up with it forever.

Indeed.  It can find its niche.  And it has the first mover advantage, but after many years, that will erode away.  Between the "first coin" and 8 years around, or a "newcomer, only 3 years old", there's a mountain of a difference.   Between "the first coin, now 40 years old", and "50 other coins from about the same decade, 35 years old, and more features", there won't be much of a difference.

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April 24, 2017, 01:08:37 PM
 #24

I was going to post more "yes, indeed, I think that too !", but I essentially agree fully with all that has been said in this thread.
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April 24, 2017, 05:16:09 PM
 #25

Eventually, I mean we are talking about the sizes and we are not even at $1 transaction fee yet. When the transaction fee becomes so high that people would actually start using other coins instead of bitcoin and bitcoin starts losing its market share, at that point every single miner in the World will mine for segwit.

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Seville
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May 26, 2017, 01:23:43 PM
 #26

segwit seems to be working well with other coins so why not for BTC  Grin
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May 26, 2017, 03:32:28 PM
 #27

im sure litecoin will be a testing block if successful on litecoin than i think it is very possible to happen.

We think it as a testing block but we all know how it went.
No one is sure what will happen after segwit integration to BTC, and the price fluctuation is too much from a week. It needs to be somewhat stable to check.

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deblue
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May 26, 2017, 04:41:51 PM
 #28

Yes segwit will be applied because the processes are very slow. They get very late approval so segwit needed
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May 26, 2017, 09:37:57 PM
 #29

I think so.

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May 26, 2017, 09:41:18 PM
 #30

Only if Core compromises to 2mb. Otherwise it will only activate ln the failed uasf blockstream chain and bitcoin will get big blocks instead of segwit and be even better than ever.

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May 26, 2017, 09:44:44 PM
 #31

As of NOW i can finally say i think it WILL be activated Smiley  After the roundtable there at consensus we got most of the really big services to finally SIGN to agree to move forward on segwit and have it implemented "within 6 months"
No more big chinese dick swinging! (heh heh) , well atleast till the NEXT BTC drama they make, damn these guys feel the need to stay "relevant" it feels like somtimes ;p

Forward on Segwit means forward on BTC (imo), bring it on! Cheesy

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