Activation of segwit via BIP141 = $10,000 overnight

[pereira4]

If miners stop playing stupid games and really want the best for bitcoin, they would stop stomping on the hardfork drums of war, and they would activate BIP141 as they have been told by everyone worth listening to in the space. But what happens when you give stupid janitors the ability to vote on engineering matters? that they will don't do the right thing.

Enable segwit with no stupid hardfork drama, and see bitcoin skyrocket.

Break bitcoin in half, see the price crash, and see everyone involved in the forked chain going bankrupt, with the price going to 0 on Forkcoin, and with Bitcoin crashing but going back 3 years in price and taking another 3 years to recover.

Your choice.

[hv_]

If miners stop playing stupid games and really want the best for bitcoin, they would stop stomping on the hardfork drums of war, and they would activate BIP141 as they have been told by everyone worth listening to in the space. But what happens when you give stupid janitors the ability to vote on engineering matters? that they will don't do the right thing.

Enable segwit with no stupid hardfork drama, and see bitcoin skyrocket.

Break bitcoin in half, see the price crash, and see everyone involved in the forked chain going bankrupt, with the price going to 0 on Forkcoin, and with Bitcoin crashing but going back 3 years in price and taking another 3 years to recover.

Your choice.

Yours!

I see this as a decent contract with your person and will sell you say 100 coins 10K each?

 

[Mandoy]

If miners stop playing stupid games and really want the best for bitcoin, they would stop stomping on the hardfork drums of war, and they would activate BIP141 as they have been told by everyone worth listening to in the space. But what happens when you give stupid janitors the ability to vote on engineering matters? that they will don't do the right thing.

Enable segwit with no stupid hardfork drama, and see bitcoin skyrocket.

Break bitcoin in half, see the price crash, and see everyone involved in the forked chain going bankrupt, with the price going to 0 on Forkcoin, and with Bitcoin crashing but going back 3 years in price and taking another 3 years to recover.

Your choice.

I agree with you on some points that all miners should adopt and vote for the activation of segwit and will not bring another issue of activating hardfork. If all miners will agree then we will have a fast confirmation of transactions as well as the increasing value of bitcoin. But I will also disagree with one thing, its about the bitcoin split. When bitcoin will split it will not go bankrupt, the value maybe deflate since users will be divided in two groups. But even if bitcoins value will drop due to bitcoin split but it will still recover like in the case of Ethereum and Ethereum Classic.

[knircky]

If miners stop playing stupid games and really want the best for bitcoin, they would stop stomping on the hardfork drums of war, and they would activate BIP141 as they have been told by everyone worth listening to in the space. But what happens when you give stupid janitors the ability to vote on engineering matters? that they will don't do the right thing.

Enable segwit with no stupid hardfork drama, and see bitcoin skyrocket.

Break bitcoin in half, see the price crash, and see everyone involved in the forked chain going bankrupt, with the price going to 0 on Forkcoin, and with Bitcoin crashing but going back 3 years in price and taking another 3 years to recover.

Your choice.

Except the engineers are the janitors.

Miners get to decide what happens to bitcoin because they put up something at stake (mining equipment).

Developers on the other hand have nothing at stake and thus do not get to decide. Bitcoin would not work if developers would make decisions.

However if miners chose wrong their stake gets destroyed by the feedback of the market (which is controlled by users/coinholders)

[olushakes]

I agree with you on some points that all miners should adopt and vote for the activation of segwit and will not bring another issue of activating hardfork. If all miners will agree then we will have a fast confirmation of transactions as well as the increasing value of bitcoin. But I will also disagree with one thing, its about the bitcoin split. When bitcoin will split it will not go bankrupt, the value maybe deflate since users will be divided in two groups. But even if bitcoins value will drop due to bitcoin split but it will still recover like in the case of Ethereum and Ethereum Classic.

This is what I expect a reasonable miner should do and I believe this matter has been put to rest with the several news across the forum about the acclaimed August 1 activation which I believe is moving towards this direction, but if the miners are now adamant and want to kill this initiative then its a lose all for everybody because nobody would be willing to pay high transaction fees in the face of falling prices.

[Hhampuz]

If miners stop playing stupid games and really want the best for bitcoin, they would stop stomping on the hardfork drums of war, and they would activate BIP141 as they have been told by everyone worth listening to in the space. But what happens when you give stupid janitors the ability to vote on engineering matters? that they will don't do the right thing.

Enable segwit with no stupid hardfork drama, and see bitcoin skyrocket.

Break bitcoin in half, see the price crash, and see everyone involved in the forked chain going bankrupt, with the price going to 0 on Forkcoin, and with Bitcoin crashing but going back 3 years in price and taking another 3 years to recover.

Your choice.

Not really sure that I can agree with you. I will agree with the point that we should all get a long and not threaten the existence of BTC but to call the miners "janitors" that should just listen to everyone worth listening to is a bit wrong. If we'd always listen to the people worth listening to I'd guess we'd be way further back in our development as a human race. Sometimes the "simple" people can come with ideas that will be revolutionary.

I'm pro segwit and would prefer if everyone could get a long and agree on certain points but without anyonce questioning and raising concerns we'd be doomed.

[Qartersa]

If miners stop playing stupid games and really want the best for bitcoin, they would stop stomping on the hardfork drums of war, and they would activate BIP141 as they have been told by everyone worth listening to in the space. But what happens when you give stupid janitors the ability to vote on engineering matters? that they will don't do the right thing.

Enable segwit with no stupid hardfork drama, and see bitcoin skyrocket.

Break bitcoin in half, see the price crash, and see everyone involved in the forked chain going bankrupt, with the price going to 0 on Forkcoin, and with Bitcoin crashing but going back 3 years in price and taking another 3 years to recover.

Your choice.

How sure are you that it will reach $10,000 overnight? What if it does crash more if it was implemented because there would be fears of the unknown again. Yeah segwit is good, but not everybody understands it even if they are even holding a significant amount of bitcoins. Any forks doesn't really guarantee that it would skyrocket to be honest.

[hardtime]

This is a bit unreal to be calling for, for one you're going to be asking for the miners to fix something that they do want to fix though when you think about it they're only going to be seeking the money. With the current congestion in the market it's best for them to just sit back and reap in the profits of HIGH TX fees alongside the 12BTC which is given per block. Also, even if we were to see something like this be activated with the miners blessing I just can't see the price going that high, seems A BIT insane and I can't see buyers still being around in droves for that.

[NorrisK]

If miners stop playing stupid games and really want the best for bitcoin, they would stop stomping on the hardfork drums of war, and they would activate BIP141 as they have been told by everyone worth listening to in the space. But what happens when you give stupid janitors the ability to vote on engineering matters? that they will don't do the right thing.

Enable segwit with no stupid hardfork drama, and see bitcoin skyrocket.

Break bitcoin in half, see the price crash, and see everyone involved in the forked chain going bankrupt, with the price going to 0 on Forkcoin, and with Bitcoin crashing but going back 3 years in price and taking another 3 years to recover.

Your choice.

How sure are you that it will reach $10,000 overnight? What if it does crash more if it was implemented because there would be fears of the unknown again. Yeah segwit is good, but not everybody understands it even if they are even holding a significant amount of bitcoins. Any forks doesn't really guarantee that it would skyrocket to be honest.

It's just a figure of speech.
Bitcoin is too big to grow 400% overnight, but it may grow that much in the months following successfull transition.

[Hhampuz]

If miners stop playing stupid games and really want the best for bitcoin, they would stop stomping on the hardfork drums of war, and they would activate BIP141 as they have been told by everyone worth listening to in the space. But what happens when you give stupid janitors the ability to vote on engineering matters? that they will don't do the right thing.

Enable segwit with no stupid hardfork drama, and see bitcoin skyrocket.

Break bitcoin in half, see the price crash, and see everyone involved in the forked chain going bankrupt, with the price going to 0 on Forkcoin, and with Bitcoin crashing but going back 3 years in price and taking another 3 years to recover.

Your choice.

How sure are you that it will reach $10,000 overnight? What if it does crash more if it was implemented because there would be fears of the unknown again. Yeah segwit is good, but not everybody understands it even if they are even holding a significant amount of bitcoins. Any forks doesn't really guarantee that it would skyrocket to be honest.

Nobody can really be certain that it would hit $10,000 overnight, but I'll argue the fact that a softfork will always be better than a hardfork. Not for the sake of an increase in price but for certainty that it will not crash any further.

I guess all we can do is wait for August 1st and see what happens. Fortune telling in all honor but nobody knows what will truly happen.

[cellard]

If miners stop playing stupid games and really want the best for bitcoin, they would stop stomping on the hardfork drums of war, and they would activate BIP141 as they have been told by everyone worth listening to in the space. But what happens when you give stupid janitors the ability to vote on engineering matters? that they will don't do the right thing.

Enable segwit with no stupid hardfork drama, and see bitcoin skyrocket.

Break bitcoin in half, see the price crash, and see everyone involved in the forked chain going bankrupt, with the price going to 0 on Forkcoin, and with Bitcoin crashing but going back 3 years in price and taking another 3 years to recover.

Your choice.

Except the engineers are the janitors.

Miners get to decide what happens to bitcoin because they put up something at stake (mining equipment).

Developers on the other hand have nothing at stake and thus do not get to decide. Bitcoin would not work if developers would make decisions.

However if miners chose wrong their stake gets destroyed by the feedback of the market (which is controlled by users/coinholders)

In what twisted imagination janitors are the engineers?

Sorry, you got it backwards, time to go study how the protocol works. Miners were never supposed to choose shit. Satoshi never predicted mining pools and the current state of things.

In any case, miners are incompetent and can't decide what is or isn't good for bitcoin because they aren't engineers. Any idiot, ANY, could have created their own mining empire if they were at the right moment doing the right thing, then it's just all scaling and scaling by investing gains on more mining software.

If segwit doesn't go in with BIP141, uncertainty will make the market crash, and those that dare to hardfork will be punished heavily.

[hatshepsut93]

If miners stop playing stupid games and really want the best for bitcoin, they would stop stomping on the hardfork drums of war, and they would activate BIP141 as they have been told by everyone worth listening to in the space. But what happens when you give stupid janitors the ability to vote on engineering matters? that they will don't do the right thing.

Enable segwit with no stupid hardfork drama, and see bitcoin skyrocket.

Break bitcoin in half, see the price crash, and see everyone involved in the forked chain going bankrupt, with the price going to 0 on Forkcoin, and with Bitcoin crashing but going back 3 years in price and taking another 3 years to recover.

Your choice.

It's very hard to predict the impact of some event on Bitcoins price. For example, when there was the halving last year, the price almost didn't change on that day, so maybe our recent price rise to $2500-$3000 was because of the possible segwit activation, and when it will get activated, the price won't change much. As for miners, they seem to try to strong-arm Bitcoin community into supporting their decisions, but in fact they don't have the real power, because they will always be mining whatever is the most profitable, and what coin it will be is decided by the market.

[Qartersa]

If miners stop playing stupid games and really want the best for bitcoin, they would stop stomping on the hardfork drums of war, and they would activate BIP141 as they have been told by everyone worth listening to in the space. But what happens when you give stupid janitors the ability to vote on engineering matters? that they will don't do the right thing.

Enable segwit with no stupid hardfork drama, and see bitcoin skyrocket.

Break bitcoin in half, see the price crash, and see everyone involved in the forked chain going bankrupt, with the price going to 0 on Forkcoin, and with Bitcoin crashing but going back 3 years in price and taking another 3 years to recover.

Your choice.

How sure are you that it will reach $10,000 overnight? What if it does crash more if it was implemented because there would be fears of the unknown again. Yeah segwit is good, but not everybody understands it even if they are even holding a significant amount of bitcoins. Any forks doesn't really guarantee that it would skyrocket to be honest.

Nobody can really be certain that it would hit $10,000 overnight, but I'll argue the fact that a softfork will always be better than a hardfork. Not for the sake of an increase in price but for certainty that it will not crash any further.

I guess all we can do is wait for August 1st and see what happens. Fortune telling in all honor but nobody knows what will truly happen.

Of course a softfork is always prefer, we don't really want another ETH/ETC fiasco on our hands do we? Besides that's a pretty bad image that it will leave.

If miners stop playing stupid games and really want the best for bitcoin, they would stop stomping on the hardfork drums of war, and they would activate BIP141 as they have been told by everyone worth listening to in the space. But what happens when you give stupid janitors the ability to vote on engineering matters? that they will don't do the right thing.

Enable segwit with no stupid hardfork drama, and see bitcoin skyrocket.

Break bitcoin in half, see the price crash, and see everyone involved in the forked chain going bankrupt, with the price going to 0 on Forkcoin, and with Bitcoin crashing but going back 3 years in price and taking another 3 years to recover.

Your choice.

How sure are you that it will reach $10,000 overnight? What if it does crash more if it was implemented because there would be fears of the unknown again. Yeah segwit is good, but not everybody understands it even if they are even holding a significant amount of bitcoins. Any forks doesn't really guarantee that it would skyrocket to be honest.

It's just a figure of speech.
Bitcoin is too big to grow 400% overnight, but it may grow that much in the months following successfull transition.

Doesn't sound that it was a figure of speech, more of he was certain it would happen. I guess it "could" facilitate a growth by that much. But really, it is not something that could boost the prices by that much.

I would say that the best thing that could happen to bitcoins so that we could reach that price is that it gets mass adopted. Like most countries doing what japan did.

[Red-Apple]

Except the engineers are the janitors.

Miners get to decide what happens to bitcoin because they put up something at stake (mining equipment).

Developers on the other hand have nothing at stake and thus do not get to decide. Bitcoin would not work if developers would make decisions.

However if miners chose wrong their stake gets destroyed by the feedback of the market (which is controlled by users/coinholders)

you are not completely right nor wrong.
miners and developers are both workers around here. but them having the power (the equipment and the coding power respectively) leads to belief that they are controlling bitcoin's future and it is not 100% wrong either. they both have a very potent effect.

but users or nodes should be the ones to make the decisions. the fact that they are not or there is still doubt among them doesn't change anything though.

and there is always ways to force the hands of miners.
and as much as i dislike these ways but they need to exist as the last resorts. ways such as UASF and changing of PoW.

How sure are you that it will reach $10,000 overnight?

he is not sure, he just loves creating this type of nonsense topics around here. i don't know if it is because of over excitement or wanting to hype things up
the fact is we don't know what is going to happen to the price. different routs might be taken to activate SegWit and each of them can lead to a very smooth and finally a high price or they can lead to very horrible and crashing price.

[Ayers]

If miners stop playing stupid games and really want the best for bitcoin, they would stop stomping on the hardfork drums of war, and they would activate BIP141 as they have been told by everyone worth listening to in the space. But what happens when you give stupid janitors the ability to vote on engineering matters? that they will don't do the right thing.

Enable segwit with no stupid hardfork drama, and see bitcoin skyrocket.

Break bitcoin in half, see the price crash, and see everyone involved in the forked chain going bankrupt, with the price going to 0 on Forkcoin, and with Bitcoin crashing but going back 3 years in price and taking another 3 years to recover.

Your choice.

if they enable segwit they lose on fee, because everyone pay less, they will lose a very good amount of money on fee, and they don't want that, and it's not a given that segwith will increase the value, that is another gamble they don't want to take imho

[Variogam]

Stop playing the stupid price games.

There is not enough BIP141 support for over half year, and nothing changed in this regard. But fortunately there is enought support for SegWit2x. So get ready for SegWit and 2M.

You can break Bitcoin in half only if many people and services wont support SegWit2x, because SegWit and 2M going to happen for sure. But except for few zealots, I dont see any significant services not accepting SegWit2x, thus at worst few hundred radical people going to create their altcoin (or just stop using Bitcoin).

[BillyBobZorton]

If miners stop playing stupid games and really want the best for bitcoin, they would stop stomping on the hardfork drums of war, and they would activate BIP141 as they have been told by everyone worth listening to in the space. But what happens when you give stupid janitors the ability to vote on engineering matters? that they will don't do the right thing.

Enable segwit with no stupid hardfork drama, and see bitcoin skyrocket.

Break bitcoin in half, see the price crash, and see everyone involved in the forked chain going bankrupt, with the price going to 0 on Forkcoin, and with Bitcoin crashing but going back 3 years in price and taking another 3 years to recover.

Your choice.

Not really sure that I can agree with you. I will agree with the point that we should all get a long and not threaten the existence of BTC but to call the miners "janitors" that should just listen to everyone worth listening to is a bit wrong. If we'd always listen to the people worth listening to I'd guess we'd be way further back in our development as a human race. Sometimes the "simple" people can come with ideas that will be revolutionary.

I'm pro segwit and would prefer if everyone could get a long and agree on certain points but without anyonce questioning and raising concerns we'd be doomed.

The "simple" people are irrelevant in decentralized development if they are just "ideas man" that cannot get anything actually coded. Sure some people have no coding experience and are bright in game theory, have a good sense of intuition and are worth listening to, BUT ultimately the engineers are the ones that put the ideas into code. Miners don't even have any ideas that could translate well into code. What we are seeing is a fight for power, they do not care about scaling. They only want power, and they hate Core devs because they are the smart guys that actually get code done, and code that doesn't crash.

There's also the possibility the big miners are working with governments to kill bitcoin and they are benefiting from the damage.

[BitWhale]

I think we are currently in the largest virtual game of chicken known to man.

We are all speeding towards a solution yet everyone is being stubborn and acting like they are not going to accept it. I expect a last minute "swerve" to a scaling solution. It's in everyone's best interest to play hard ball at the moment, it's the art of negotiation.

When it comes down to it though, we all have the same goal... the longevity of bitcoin.

[pereira4]

Stop playing the stupid price games.

There is not enough BIP141 support for over half year, and nothing changed in this regard. But fortunately there is enought support for SegWit2x. So get ready for SegWit and 2M.

You can break Bitcoin in half only if many people and services wont support SegWit2x, because SegWit and 2M going to happen for sure. But except for few zealots, I dont see any significant services not accepting SegWit2x, thus at worst few hundred radical people going to create their altcoin (or just stop using Bitcoin).

Nobody is supporting segwit2x, and these few that do, will pay for doing so. No big stakeholder in bitcoin is supporting the inferior code by Jeff Garzik. Nobody with a functional brain will risk their money by running unsafe, untested, rushed code. Anybody attempting to hardfork will suffer the consequences, just watch and see.

[franky1]

 pereira4 and billybob
there is no point you sing 2 accounts to say the same garbage
if all you care about is the bitcoin price then you are just FIAT lovers.
go check out litecoin.. the pools that pretended to support segwit are not even using it.. they are still using legacy tx's for their coinbase
you have no clue about how segwit works, what it cannot achieve or what it is suppose to achieve.
all you ever shout out is "activate=speculate"

everyone with brains knows that malicious users will continue spamming using legacy, so segwit solves nothing

its like trying to reduce gun kills in certain neighbourhoods by offering to voluntarily move everyone out of the neighbourhood into a gun free zone.
the only issues is.. the ones that dont have guns will move. but even then the ones without guns and never attempted to use guns still have to drive through and leave their parents in the gun ridden neighbourhood.
where the few now vacant apartments in the gun ridden neighbourhood does not really help overcrowding. nor does it solves the double spending drivebythugs who will continue to doublespend driveby(malle attack)

so stop your "activate for $10k speculation" and all your fake graphs and finger pointing.. atleast grasp logic and show something real and justified