Bitcoins scaling problem

[ChinkyEyes]

If Segwit is implemented, will it truly be a solution to Bitcoins scaling problem?
If the price rockets after 1 august, it would be put to the test right?

[zilions]

There's literally a ton of duplicate questions to this that already exist within the forum. I'd recommend reading those first to get some insight.

[shade_tom]

You should look into Poon's, Lightning Network http://lightning.network/.
It seems to be a very promising post-segwit scalability solution.

[Kakmakr]

If Segwit is implemented, will it truly be a solution to Bitcoins scaling problem?
If the price rockets after 1 august, it would be put to the test right?

Yes, I think it will. The proposal comes with a slight block size upgrade and also some code that would make spam attacks a lot more expensive. We will see real scaling, if the Lightning Network can be implemented, but I cannot see that we would reach that stage in the near future.

The first step is already enough to handle the push to the next level. ^smile^ 

[mk4]

In my opinion I think it will. But not for long. Not saying it's bad; it's definitely good. Just not a good long term solution in my opinion. I suggest doing more research on this issue.

[iamTom123]

I think that we should look at it as taking one step at a time. Bitcoin is an evolving mechanism so instead of searching for ultimate solutions we can be satisfied with piecemeal type of arrangements. One thing that I learned in this whole debate is that it is not so easy to achieve a consensus on so many areas of concern for Bitcoin. I am so sure why this is such a case. I understand that the scaling issue surface more than two years ago and it is only now that miners and developers and all people behind Bitcoin to finally come up with a specific date as a deadline where they should decide what solution to adopt and implement.

I know that in some cases haste can result into a big waste but considering that we are talking about Bitcoin which is supposed to be innovate and fast, that two years is actually not speaking well of the blockchain technology. Certainly, there are many self-vested business interests that must be considered on the table and many of these interests right now seems to be working not for the good of Bitcoin in general but for its detriment.

We just hope that soon everybody would wake up and choose the best option for Bitcoin so we can all move on from this mess. The sooner the better...whether there would be split or no split.

[Cruxer]

If Segwit is implemented, will it truly be a solution to Bitcoins scaling problem?
If the price rockets after 1 august, it would be put to the test right?

sadly no, it will not resolve scaling problems but it will allow to resolve it (second layer stuff like lighting network)

[n691309]

There's literally a ton of duplicate questions to this that already exist within the forum. I'd recommend reading those first to get some insight.

Yes some of them are copy pasting the previous post there should be taken a strong action against copy paste issues in the forum. Nobody is thinking that it can harm their accounts. Harms mean banned their hard work from 4 to 5 years. So it is better to stop copy paste. And focus on real work to write more posts and collect more knowledge for working in a forum.