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Author Topic: Activation of segwit via BIP141 = $10,000 overnight  (Read 1698 times)
tavr
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July 09, 2017, 06:27:12 PM
 #41

Nobody knows what will be with crypto, just wait until August and we will see who said the best rumor;)
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July 09, 2017, 06:31:33 PM
 #42

So what do you guys think that will happen now? What is the most likely thing to dow ith three weeks left? How is there still nothing decided?

Read the three pages of this thread and a lot of information of this 1 August thing and still i am confused of what will happen to bitcoin price after 1 August. Will August 1 will decide everything or maybe it will take a longer time ? Are we crossing 5000$ on that day or moving back to 1000$ ?
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July 09, 2017, 06:55:00 PM
 #43

the whole fee/malle/spam/ promises is only achievable if (especially the malicious) users actually move funds to NEW KEYPAIRS AFTER activation..
If the malicious users are miners trying to keep the fees high (quite possible) then a larger block size would not stop them at all.  Neither SegWit nor increased block sizes would do anything to someone with a lot of money to spend (or "invest") on spamming the network.
miners and pools are separate functions of the symbiotic relationship of bitcoin
Antpool would benefit from spamming the network, for example, because they take the transaction fees.

The point is that any entity which receives transaction fees is incentivised to spam the network.  It could be a group of different major players who all reel in transaction fees.
Quote from: franky1
the main fee damaging tactics are those of the core developers with their new fee war pressure code, and pools only accepting the high fee's first.
(funnily enough its BTCC and other bscartel pools that do this more)
This still doesn't refute my point, which is that neither of the "scaling solutions" proposed would actually make spam impractical. 

Even if you can say "an attacker would not use SegWit keypairs", you could also say "it doesn't bloody well matter whether they do, because it's pretty easy to spam the network in any of these situations".
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July 09, 2017, 08:12:42 PM
 #44

141 was never, ever going to happen. 95% is a totally unrealistic figure, albeit appealing to the unworldly. There's enough miners who are completely uninformed about new developments to make up that 5%, let alone ones who don't want it.

Let's see if 148 amounts to anything. I get the impression that potential miners of it are supposed to remain stealthy until the vital moment.
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