Good news everyone: SegWit may finally be activated with majority support

[Weatherby]

But it's segwit2x... it is the same as the regular segwit?

The problem with segwit 2x is that the code has never being tested and i am not sure how it will go if they are planning to activate it and you really cannot trust to run a billion dollar valuation network and start planning on upgrading without any real testing,it will be a disaster.

[Amph]

You should check out Jimmy Song's latest blogpost about SeGWit2X

Segwit2x: What you need to know

https://medium.com/@jimmysong/segwit2x-what-you-need-to-know-b747e6326266

It could help SegWit get activated, more info in the post.

there is nothing to know about segwit2x it's just segwit with the weight limit changed, if i'm correct should be from 4MB to 8MB, which i remember was planned in the roadmap of 2016 for 2017 and 2018, but they changed their mind and aimed at pure segwit

[1Referee]

We are close at this point, but I will only pop a bottle (I seriously will) if activation becomes reality. It will finally end something that has been splitting the community into several sides for quite a while now. It will allow Bitcoin to grow further, and cope with the highly increased demand in a far better way. After all, things work better if we have the majority to agree on something.

[Hazir]

Segwit2x in pretty much standard Core's SegWit plus 2MB hard form in the future - miners are aiming to do forking withing next six months after SegWit activation.
This is a totally positive move if we are going to avoid a permanent split as seems like Bitcoin will stay on one chain and USAF (scheduled for 1st August) will be avoided.

[pooya87]

But it's segwit2x... it is the same as the regular segwit?

The problem with segwit 2x is that the code has never being tested and i am not sure how it will go if they are planning to activate it and you really cannot trust to run a billion dollar valuation network and start planning on upgrading without any real testing,it will be a disaster.

are you just making a random comment based on pure assumption or did you really open github, checked the code, and also checked its testnet called testnet5 on port 18554 and saw it has not been tested?

[Denker]

But it's segwit2x... it is the same as the regular segwit? Or are you forced to run non-Core software in order to benefit from the segwit activation? Because im never going to use anything that isn't released by Core as everyone else that isn't a idiot will do.

Unless Core approves then it's useless because Core is responsible for all the software and got the best devs.

The hard fork in 3 months is simply insanity, it's not happening period.

So far there isn't much code written for Segwit2x as far as I know and barely tested.
So miners could just run BIP91 which is compatible with BIP148 and will activate the original Segwit. So there is no tweaked SegWit version, which is good.You as user continue running your core client!
As soon as we have Segwit the Shilbert side will write their code for a HF, which is of course will not be merged by Core. So what's going to happen is that Shilbert and Co will create a new client (btc1 I believe) which everybody needs to run so that a smooth HF could happen!
And of course I will not run a shitty client which isn't coded by Core!Furthermore I'm not interested in bigger blocks. 2x doesn't mean 2MB by the way. The blocksize the miners are planning to have is bigger than that!
So imo the HF with a majority of users, as miners some wish, will not happen! So Let Jihan and his shills fork off if he wants and create their Chinacoin.
SegWit2x is just to save face for the miners by the way! Without the pressure of UASF BIP148 they wouldn't do this. They could have agreed to BIP141 since months! Now they learn it the hard way!

[ClaraLuV]

Looking at the entire thread everyone has conflicting replies,so what is really happening,is there a slight possibility of a split and if that happens what will be the future of bitcoin,will it affect the price if there is a split.

[Asrael999]

Looking at the entire thread everyone has conflicting replies,so what is really happening,is there a slight possibility of a split and if that happens what will be the future of bitcoin,will it affect the price if there is a split.

At its base level its a fight for control of potential future revenue between the Core development team (and blockstream) and Bitmain (jihan wu). Core have an interest in limiting blocksize as many of their projects focus on off chain activity, and even if they aren't going to patent anything they are probably looking at sizeable future consulting revenues. Bitmain have an interest in preserving their dominance of miner sales (and their mining revenue), interestingly this means that while BTC tanking is bad , it also means the moon is bad - as the moon will result in many more (possibly larger, and professional) potential entrants into the mining manufacturing area , and i am prepared to bet that the lions share of bitmain's revenue comes from miner sales  - not the bitcoin price appreciating.

[Vishnu.Reang]

Earlier everyone was afraid whether SegWit will be able to achieve the 80% consensus needed for its implementation. Now when it seems like 80% consensus is within attainable limits, a lot of users are casting doubt about the code. I don't care much. I love challenges, and SegWit is one of such challenges. Life would be boring without them.

[RoyBatty]

The bottomline is the CORE developed Segwit WILL be activated. That much is very much clear at this point.

[azguard]

Earlier everyone was afraid whether SegWit will be able to achieve the 80% consensus needed for its implementation. Now when it seems like 80% consensus is within attainable limits, a lot of users are casting doubt about the code. I don't care much. I love challenges, and SegWit is one of such challenges. Life would be boring without them.

It can be good if the same effect like in case of LITECOIN will happen to bitcoin, then lets start this. Off course there are still divided opinions on this matter (read here some also and in news around net), that it might be downfall, but i dont think it will happen.

This will probably be the best thing to happen to bitcoin in long time.

[Wind_FURY]

If Segwit2x is implemented what would that mean for the Core developers? Are they out or are they included in the new implementation and allowed to continue development?

Losing all that talent could be a big blow for Bitcoin.

[iamTom123]

Like many of the thousands of members in this forum, I am also a techie-challenged and as far as this Segwit is concerned there are things that are still beyond my own comprehension but since I am also a part of the Bitcoin community (we all are) let me say that personally I am really hoping that soon we can get all move on from this scaling problem.

When finally Bitcoin can be able to unclog all the stacked up transactions in the blockchain we can be able to say that we are finally flying to the moon and even into the stars.

There would be other problems soon but they can just be peanuts compared to what we have now. I have a strong faith that we can be able to surmount this great scaling challenge.

[600watt]

But it's segwit2x... it is the same as the regular segwit? Or are you forced to run non-Core software in order to benefit from the segwit activation? Because im never going to use anything that isn't released by Core as everyone else that isn't a idiot will do.

Unless Core approves then it's useless because Core is responsible for all the software and got the best devs.

The hard fork in 3 months is simply insanity, it's not happening period.

So far there isn't much code written for Segwit2x as far as I know and barely tested.
So miners could just run BIP91 which is compatible with BIP148 and will activate the original Segwit. So there is no tweaked SegWit version, which is good.You as user continue running your core client!
As soon as we have Segwit the Shilbert side will write their code for a HF, which is of course will not be merged by Core. So what's going to happen is that Shilbert and Co will create a new client (btc1 I believe) which everybody needs to run so that a smooth HF could happen!
And of course I will not run a shitty client which isn't coded by Core!Furthermore I'm not interested in bigger blocks. 2x doesn't mean 2MB by the way. The blocksize the miners are planning to have is bigger than that!
So imo the HF with a majority of users, as miners some wish, will not happen! So Let Jihan and his shills fork off if he wants and create their Chinacoin.
SegWit2x is just to save face for the miners by the way! Without the pressure of UASF BIP148 they wouldn't do this. They could have agreed to BIP141 since months! Now they learn it the hard way!

cool off... segwit is segwit. a compromise is not ideal for either side. but for the sake of bitcoin this civil war has to stop.

[South Park]

I will be happy if can get all this discussion finally behind us, it has been too much and the threat of BIP 148 was simply too much in my opinion, things could have gotten very difficult for bitcoin but if miners are finally accepting segwit without the need of going that far then this will be better, lets just hope that segwit can finally be activated once and for all.

[pixie85]

If Segwit2x is implemented what would that mean for the Core developers? Are they out or are they included in the new implementation and allowed to continue development?

Losing all that talent could be a big blow for Bitcoin.

With Segwit activated Core Devs will still have a go. Bitcoin requires constant development and this time their idea didn't gain the majority of votes, but we still have a lot to do. In 2 - 3 years we'll need another update, because 2MB will not be enough, maybe then it'll be their time to shine.

[South Park]

If Segwit2x is implemented what would that mean for the Core developers? Are they out or are they included in the new implementation and allowed to continue development?

Losing all that talent could be a big blow for Bitcoin.

If my memory serves me right the developers of Core were not invited and are not part of the New York Agreement, so we do not know what it is going to happen, at first I was optimistic, but this seems like another politic maneuver of the miners to try to get their way, so I doubt the devs are going to try to become part of this new development which will indicate the scaling wars are going to continue.

[d5000]

In 2 - 3 years we'll need another update, because 2MB will not be enough, maybe then it'll be their time to shine.

I have some hopes that 2 MB and Segwit could be enough "for eternity".

We now have about 3,5-4 transactions per second added to the mempool, from which about 3-3,5 make their way to the blockchain and 0,5-1 are discarded because of the full blocks. That shows that the demand is not so overwhelming that the Segwit blocks alone will be full forever. I expect ~1,1-1,3 MB blocks after Segwit activation in August, with many blocks then having less than 1 MB because of the smaller backlog, rising to 1,6-1,8 MB in mid-2018 if the positive development continues. After the 2MB hardfork, Segwit2x provides a theoretical maximum of 8 MB (practically a bit less), but I doubt this number will ever be reached.

So we have plenty of time to test second-layer-technologies (LN, Rootstock+Lumino, other sidechains, maybe even extension blocks or child chains...) that surely will get some traction in the next two years.

BTW: 96% of the last 100 blocks supported Segwit or Segwit2x (as of block 472775).

[pixie85]

In 2 - 3 years we'll need another update, because 2MB will not be enough, maybe then it'll be their time to shine.

I have some hopes that 2 MB and Segwit could be enough "for eternity".

We now have about 3,5-4 transactions per second added to the mempool, from which about 3-3,5 make their way to the blockchain and 0,5-1 are discarded because of the full blocks. That shows that the demand is not so overwhelming that the Segwit blocks alone will be full forever. I expect ~1,1-1,3 MB blocks after Segwit activation in August, with many blocks then having less than 1 MB because of the smaller backlog, rising to 1,6-1,8 MB in mid-2018 if the positive development continues. After the 2MB hardfork, Segwit2x provides a theoretical maximum of 8 MB (practically a bit less), but I doubt this number will ever be reached.

So we have plenty of time to test second-layer-technologies (LN, Rootstock+Lumino, other sidechains, maybe even extension blocks or child chains...) that surely will get some traction in the next two years.

BTW: 96% of the last 100 blocks supported Segwit or Segwit2x (as of block 472775).

It's impossible to keep it indefinitely. You're right about the demand not being overwhelming and that this upgrade will be enough to solve the problems for some time.
Unfortunately if Bitcoin keeps growing at exponential rate we'll be looking at double the number of transactions in the next 2-3 years, especially with SegWit active and no vulnerabilities or hacks.

[Hyena]

segwit and good news, don't make me laugh 
segwit is the shittiest news ever since its inception
bitcoin needs bigger blocks