The OFFICIAL SegWit Activation Thread

[rizzlarolla]

You all been had.

Core want big backlog and high fees - that is their roadmap.

[1713563965]

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[1713563965]

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[figmentofmyass]

Activation.

lol. it looks like block explorers are having some trouble keeping up with the upgrade. surprisingly, blockchain.info is leading the pack in successfully dealing with segwit: https://twitter.com/petertoddbtc/status/900541884564742146

fortunately, the network seems to be functioning properly and any soft fork activation FUD has now been surpassed. no sign of any chain splits that i can see. onwards and upwards! now we just need to deal with this pesky bitcoin cash matter, and well, the segwit2x matter, and we can be done with it.

We will never be "done with it." Once you have been here for a while and you have gone throught hardfork attempts since Bitcoin XT, you understand that the attempts to hardfork bitcoin into something else will never go away, it is a constant attack that you have to deal with.

At the end of the day it all comes down to the users. If people don't support other chains with their money, it would be a non issue. If people don't take side to dump the attacking chain and gamble around, then we'll have 40 different Bitcoins by 2020.

that's very true..... i never meant "done with it" permanently. just a period without so much drama (we do get them from time to time). i've been around since 2013, so i'm not a total stranger to all this manipulation. the hard forkers have actually gotten more effective with their manipulation, because it seems much easier to pump some money into the market to hold the price up, then use hash power after the fact to establish the "longest chain." winning the battle of public perception was much harder when it was all theoretical and "winner takes all." in a network split scenario, they probably feel they can win over time.

from the looks of it, there will definitely be more than one or two coins vying for the name of "bitcoin" in the coming months and years.

[ScripterRon]

Do we need to wait until the backlog is cleared for the benefits to start happening?

Or are we being spammed more by someone? https://core.jochen-hoenicke.de/queue/#24h

I was looking at this and see that everything is going up again, so maybe it is the 1satoshi spam again.

From what I understand, all new transactions have the Segwit space saving, but previous transactions that are not cleared out yet don't.

No, unless you use a segwit P2SH address, transaction processing has not changed.

[mirx]

Right now you have to pay 500 sat/byte for first block and it took 1 hour 15 mins to find block 481911.

[Rahar02]

I do not see any big improvements yet but the unconfirmed transactions in the mempool is growing smaller and smaller. Let us see if the small increase in transactions per block would help get those transactions faster.

The BitcoinCash people are proud that it took only 3 blocks to confirm all 37,000 transactions in their mempool.

There are over 70K unconfirmed transactions right now (https://blockchain.info/unconfirmed-transactions) and it's keep growing up rather than diminishing. I am not sure when wallet devs launch the update for segwit as I can't find any information about it unless trezor wallet statement. Anyone here using electrum wallet and already heard about new update? Current fees still inconvenient and all we have to do is waiting.

[marky89]

Right now you have to pay 500 sat/byte for first block and it took 1 hour 15 mins to find block 481911.

It'll be a while before we see major changes to network activity related to Segwit. Most major wallet providers haven't released their Segwit wallets yet (Electrum and Trezor both said "soon"). I imagine major economic players like exchanges will want to do significant testing first, too. But they are incentivized to upgrade to save (considerably) on fees.

Do we need to wait until the backlog is cleared for the benefits to start happening?

Or are we being spammed more by someone? https://core.jochen-hoenicke.de/queue/#24h

I was looking at this and see that everything is going up again, so maybe it is the 1satoshi spam again.

From what I understand, all new transactions have the Segwit space saving, but previous transactions that are not cleared out yet don't.

Only Segwit transactions have the new space-saving. Standard transactions (using addresses that begin with 1, for example) don't.

The spam is ongoing. Since the upgrade to Segwit isn't overnight, and the Lightning Network is even further off, continuing to spam the network could help Bitmain's narrative that Segwit was not the solution it was touted to be.

[jhonbravo]

My question is Like before fork of Botcoin we had BCC
NoW Bitcion got soft fork and we got BTCC ryt ??
So can i claim my bitcoin as the way i claim before with BCC ??

[no0dlepunk]

Why is it that people are not in the same page with the SegWit - I have seen responses saying that they expect block size >1MB and there are some who says that the transactions were just compressed to fit into a 1MB block so many can fit to it.

Segwit is soft fork, and would not increase block size at all... it will only separate the signature from the 1MB block and put it in an extra space down there. I guess this one should be elaborated better by a dev. I also need clarity on this matter.

[blockchainmarketus]

Hello all members can you tell me which is true bitcoin
BTC with Segwit
BTC with Segwit2x
BCH
BTU
BTCC
BTC2x

I don't really understand.

[Addressed]

Hello all members can you tell me which is true bitcoin
BTC with Segwit
BTC with Segwit2x
BCH
BTU
BTCC
BTC2x

I don't really understand.

I dont really understand too but if it will make the bitcoin more great, i like that.
I wish we will know what that means someday.

[2double0]

Blockchain used to address everyone through their recommended fee that how much should be the regular fee and how much should be the priority one. I am having a transaction stuck since 4 days now, here it is:
https://blockchain.info/tx/244d914d1c153921a58dad947bd55766d478128b4fb4229583b7bf46545f80a1

I chose to go with regular fee as I saw many transactions being confirmed with even 4-5k sats in fees, so decided to send 11k in fee which is double than that. I know I didn't choose the priority one due to which this transaction is stuck atm, but could anyone help me out with this?

Is SegWit activation the reason why my transaction (seems to) have been sent in the backlog? I have tried ViaBTC's accelerator and they are just giving the same result: "Submissions are beyond limits. Please try later." If there's any miner here, could they please pick this transaction and have it confirmed through their own voluntary choice?

And everyone, congratulations to have SegWit onboard now.

[pooya87]

Hello all members can you tell me which is true bitcoin
BTC with Segwit
BTC with Segwit2x
BCH
BTU
BTCC
BTC2x

I don't really understand.

where did you even bring these abbreviations from? half of them don't even exist, i think you may be making some of them up too

in any case, there is only one bitcoin and there will always be one bitcoin as long as the universe exists! and that is what the majority are supporting and their consensus says it is.
when a chain is created from bitcoin (aka a fork) and that fork has a low level of support and that majority above sees it as an altcoin, that fork becomes an altcoin.
the obvious examples are Litecoin and Dogecoin that everyone knows about. these are forks of bitcoin that are considered altcoins. bitcoin cash and any other forks or anything in the future with the same circumstances are going to be altcoins too.

[marky89]

Hello all members can you tell me which is true bitcoin
BTC with Segwit
BTC with Segwit2x
BCH
BTU
BTCC
BTC2x

I don't really understand.

It really depends how you define the "true" Bitcoin. BTC with Segwit is compatible with the original network, so I don't see why it wouldn't be the "true" Bitcoin. Segwit2x is a hard fork, so it is invalid per the whitepaper. So, for that one, it really depends what the market believes; can the longest chain -- even if it's invalid according to the old rules -- become the "true" Bitcoin?

Same goes for Bitcoin Cash. By definition, it isn't Bitcoin. But will the market tell us otherwise? I'm not really sure what those other symbols are.

[FJNuñez]

YAY! I am so happy Segwit activated and now the Lightning Network will come soon and we will have almost free transactions.

[TropicalDog17]

Dear, does segwit make any changes? It seems the fee is huge. I need to pay transaction fee .0007 BTC in order to send 0.001.Why transaction fee become so high after Segwit

[MAbtc]

Dear, does segwit make any changes? It seems the fee is huge. I need to pay transaction fee .0007 BTC in order to send 0.001.Why transaction fee become so high after Segwit

Are you sending several inputs? That'll do it, particularly during times of network congestion.

The network is being spammed pretty hard right now, likely to further the false narrative that Segwit isn't a scaling solution. Since hardly any wallet providers have released their Segwit wallets, it'll be a while before we see Segwit's block size increase alleviate some of the congestion.

The bigger issue is the Lightning Network, not the block size increase, and that will take longer. But a couple beta wallets are out already and people seem generally optimistic that we will see LN transactions on the mainnet this year.

[bL4nkcode]

Blockchain used to address everyone through their recommended fee that how much should be the regular fee and how much should be the priority one. I am having a transaction stuck since 4 days now, here it is:
https://blockchain.info/tx/244d914d1c153921a58dad947bd55766d478128b4fb4229583b7bf46545f80a1

I chose to go with regular fee as I saw many transactions being confirmed with even 4-5k sats in fees, so decided to send 11k in fee which is double than that. I know I didn't choose the priority one due to which this transaction is stuck atm, but could anyone help me out with this?

Is SegWit activation the reason why my transaction (seems to) have been sent in the backlog? I have tried ViaBTC's accelerator and they are just giving the same result: "Submissions are beyond limits. Please try later." If there's any miner here, could they please pick this transaction and have it confirmed through their own voluntary choice?

And everyone, congratulations to have SegWit onboard now.

I just accelerated your transaction after you message me your transaction ID as a request earlier and now your long wait is done since it's confirmed already by antpool, and get 1 confirmation.
And a friendly reminder always makes sure you set the transaction fee as a priority when using blockchain wallet if this huge spam attacks still continue it will cause you trouble.

[Carlsen]

Segwit does have to be activated by the users, right?
If it is not activated then your transactions are handled like always.
I was wondering the following thing:
If there is a large amount of spam transactions like many people here assume, they will presumably not stop because who ever sends them will not use Segwit.
Is that estimation correct?

[Pursuer]

Dear, does segwit make any changes? It seems the fee is huge. I need to pay transaction fee .0007 BTC in order to send 0.001.Why transaction fee become so high after Segwit

this is a temporary situation that has many reasons. the spam attack, the drop in hashrate for about 2 days, increase in number of transactions because bitcoin price was rising fast,...
and eventually this will be solved and fees will come down. even without SegWit.
with SegWit things will be a little better too and eventually if LN can take some of them transactions away from the main chain (like the gambling sites or exchanges,...) it can help with the fee situation.

[btc_n00b]

Right now you have to pay 500 sat/byte for first block and it took 1 hour 15 mins to find block 481911.

It'll be a while before we see major changes to network activity related to Segwit. Most major wallet providers haven't released their Segwit wallets yet (Electrum and Trezor both said "soon"). I imagine major economic players like exchanges will want to do significant testing first, too. But they are incentivized to upgrade to save (considerably) on fees.

Do we need to wait until the backlog is cleared for the benefits to start happening?

Or are we being spammed more by someone? https://core.jochen-hoenicke.de/queue/#24h

I was looking at this and see that everything is going up again, so maybe it is the 1satoshi spam again.

From what I understand, all new transactions have the Segwit space saving, but previous transactions that are not cleared out yet don't.

Only Segwit transactions have the new space-saving. Standard transactions (using addresses that begin with 1, for example) don't.

The spam is ongoing. Since the upgrade to Segwit isn't overnight, and the Lightning Network is even further off, continuing to spam the network could help Bitmain's narrative that Segwit was not the solution it was touted to be.

[/size][/size]

Does this mean that sending from segwit addresses now is faster than sending from old-style addresses? Or miners just choose most profitable transactions?
I know that segwit transaction is only when you send from segwit address.
I want to manually generate segwit address in bitcoind and receive on this address.
Will it help with fees if in future I will spend from this address?