SEGWIT, where are the lower fees?

[cashodler]

Just watching blocks on blockchair.com... where are the lower fees that should have come with segwit? Just not getting it. And mempool isn't cleared... Blocksize isn't 1.7 MB, but still 1 MB.

Can someone expalin what's happening?

[Rastadon]

Just watching blocks on blockchair.com... where are the lower fees that should have come with segwit? Just not getting it. And mempool isn't cleared... Blocksize isn't 1.7 MB, but still 1 MB.

Can someone expalin what's happening?

My thought that the segwit implemented not yet finished, But the transaction fees doesn't make sense for all of the bitcoin users. I just try to see the latest chat in bitcoin21 but seems there is no a lot of transaction in this time, that was pretty strange.

[Xavofat]

To decrease the fees, you have to send SegWit transactions.  Basically you need to move your funds to a SegWit-compatible wallet with the new type of address.

The transactions that you send would then be smaller and have lower fees.

If most of the major wallets start using SegWit transactions over the next few weeks, you can expect the blockchain to become less congested, so legacy transactions would cost less as well.

[HeRetiK]

To decrease the fees, you have to send SegWit transactions.  Basically you need to move your funds to a SegWit-compatible wallet with the new type of address.

The transactions that you send would then be smaller and have lower fees.

If most of the major wallets start using SegWit transactions over the next few weeks, you can expect the blockchain to become less congested, so legacy transactions would cost less as well.

In addition to that, I'm not sure whether you're actually going to see an increase in blocksize, as the witness data is not part of the "official" blocksize anymore. You should however see an increase in transactions per block, once the amount of SegWit transactions increases.

[kwukduck]

Fees will be extremely low soon when bitcoin price crashes as the bitcoincash team will reorganise the core chain to send the segwit coins to themselves.
They already have almost a majority of the mining power on their network. It's only going to get worse for core coin, not better.

[krizniq]

folks, BUY
kwuck is back

[cashodler]

folks, BUY
kwuck is back

The only thing I'm buying is OMG and KNC (Kyber ICO), not bitcoin. Even if bitcoin went to 50k in a year (over 1000 %, not that impressive in crypto world anymore), it wouldn't make anyone rich like owning OMG/KNC.

[mobnepal]

folks, BUY
kwuck is back

The only thing I'm buying is OMG and KNC (Kyber ICO), not bitcoin. Even if bitcoin went to 50k in a year (over 1000 %, not that impressive in crypto world anymore), it wouldn't make anyone rich like owning OMG/KNC.

Stop supporting some random ICO which you might have in your bags. Bitcoin is still most profitable coin in long term, all those alts and ETH based tokens are just vapour and support for them can disappear in very short time.

Buying any of such tokens is just a risky investment.

Blocksize will be increased when segwit2x will be activated in november (if bitcoin core will agree on it) till than even after segwit activation blocksize will be 1 mb.

[cashodler]

OMG and Kyber... random ICO... okay... then we have nothing to talk about, if you say it's some random ICO.

Stop dehonesting everything u don't know, because in fact... you don't know much as u proved by saying random ICO. You're probably only invested in Bitcoin community and your view is very narrow.

For me it's more risky to invest in bitcoin... while we have bitcoin cash and segwit2x coming (miners won't care about Blockstream developers to approve them segwit2x, lol, where did u get that one?)

Anyway... even if bitcoin had 10,000 % rise in 3 years, I would probably have 1,000,000 % rise during the same period.

People like you will be here forever, because for most of the people... bitcoin is an entry and endpoint of their crypto knowledge. People like u were saying exactle the same thing when Ethereum showed up.

[Rahar02]

folks, BUY
kwuck is back

The only thing I'm buying is OMG and KNC (Kyber ICO), not bitcoin. Even if bitcoin went to 50k in a year (over 1000 %, not that impressive in crypto world anymore), it wouldn't make anyone rich like owning OMG/KNC.

So, the point of your questions about segwit and fees just for point out your choice of altcoins?
It's up to you to invest in some altcoins that you consider will be profitable someday, but bitcoin still has its supporters, much more than OMG and KYC investors who will dump those coins if it reach certain price.
I am expecting segwit could be works, but let's see what will happen, not heard anything about it yet.

[cashodler]

folks, BUY
kwuck is back

The only thing I'm buying is OMG and KNC (Kyber ICO), not bitcoin. Even if bitcoin went to 50k in a year (over 1000 %, not that impressive in crypto world anymore), it wouldn't make anyone rich like owning OMG/KNC.

So, the point of your questions about segwit and fees just for point out your choice of altcoins?
It's up to you to invest in some altcoins that you consider will be profitable someday, but bitcoin still has its supporters, much more than OMG and KYC investors who will dump those coins if it reach certain price.
I am expecting segwit could be works, but let's see what will happen, not heard anything about it yet.

You apparently know shit about OMG... otherwise you wouldn't say that people will dump that.

People will dump NEO for example, because it has incompetent developeres behind the project who can't do proper version control and consider Windows platform and C# to be a good tool, lol.

[reflector]

folks, BUY
kwuck is back

The only thing I'm buying is OMG and KNC (Kyber ICO), not bitcoin. Even if bitcoin went to 50k in a year (over 1000 %, not that impressive in crypto world anymore), it wouldn't make anyone rich like owning OMG/KNC.

So, the point of your questions about segwit and fees just for point out your choice of altcoins?
It's up to you to invest in some altcoins that you consider will be profitable someday, but bitcoin still has its supporters, much more than OMG and KYC investors who will dump those coins if it reach certain price.
I am expecting segwit could be works, but let's see what will happen, not heard anything about it yet.

As I noticed segwit activation does not support the bitcoin and block segregation. Since blocks and network of mining has been increased to more number fees is not possible to access from our pocket. I expect fees which was on the time last year halving. Even August 23 block increase move also not worked towards the favour of bitcoin.

[BitMaxz]

folks, BUY
kwuck is back

The only thing I'm buying is OMG and KNC (Kyber ICO), not bitcoin. Even if bitcoin went to 50k in a year (over 1000 %, not that impressive in crypto world anymore), it wouldn't make anyone rich like owning OMG/KNC.

So, the point of your questions about segwit and fees just for point out your choice of altcoins?
It's up to you to invest in some altcoins that you consider will be profitable someday, but bitcoin still has its supporters, much more than OMG and KYC investors who will dump those coins if it reach certain price.
I am expecting segwit could be works, but let's see what will happen, not heard anything about it yet.

I thought also that there will be the changes about the fee and the network speed but since we are still not heard what actually helps of segwit for bitcoin i think better to wait and maybe segwit still not started to be effective in the network..
For now as i can seen that the bitcoin fees before the segwit activation activated was increased and hope that we will see the changes in few days  ..
Altcoin for me is not recommend for best alternative you are just also wasting fees when converting into altcoin..

[ChainSmoker]

Just watching blocks on blockchair.com... where are the lower fees that should have come with segwit? Just not getting it. And mempool isn't cleared... Blocksize isn't 1.7 MB, but still 1 MB.

Can someone expalin what's happening?

If you would be following segwit and real bitcoin or know how segwit works you would understand what's happening but you are too busy getting paid by your boss for spreading fud  

[wuvdoll]

Blocksize will be increased when segwit2x will be activated in november (if bitcoin core will agree on it) till than even after segwit activation blocksize will be 1 mb.

Yes, segwit was not about increasing the block-size but to shrink the size of transactions. That's why it was being call as soft-fork.

Probably we are going to see more number of transactions per block where as block size will be the same 1000 kB hence we can expect lower transaction fees as there will be no delay for confirmations. This will be another witness, we are going to experience due to segwit activation.

[alyssa85]

To decrease the fees, you have to send SegWit transactions.  Basically you need to move your funds to a SegWit-compatible wallet with the new type of address.

The transactions that you send would then be smaller and have lower fees.

If most of the major wallets start using SegWit transactions over the next few weeks, you can expect the blockchain to become less congested, so legacy transactions would cost less as well.

And most people won't bother to move to a segwit compatible wallet because it's just too complicated. People like things simple and easy. What's why larger blocks were the best solution, because it required no effort on the part of the user.

[cashodler]

So... what's going to happen is that most users will never send their money to segwit address and just use the legacy one... also money wallets will not support segwit. So basically nothing will change and Bitcoin Cash will win, ok .

[1Referee]

So... what's going to happen is that most users will never send their money to segwit address and just use the legacy one... also money wallets will not support segwit. So basically nothing will change and Bitcoin Cash will win, ok .

You aren't here to converse with others about what should be done to make use of Segwit transactions, but purely to make fun of people not being aware of how things work, where you're even trying to spread fud. People aren't forced to make use of Segwit transactions if they don't want to - that's not very difficult to understand, right? Bitcoin Cash is just an empty project being kept up by a bunch of wealthy-delusional-individuals. No one in his right mind would ever put trust or his money into something so not worthy as Bitcoin Cash. You're desperately trying to immitate kwukduck, but at least he has a set of brains far ahead of what you have.

[Catmony]

So... what's going to happen is that most users will never send their money to segwit address and just use the legacy one... also money wallets will not support segwit. So basically nothing will change and Bitcoin Cash will win, ok .

Why are you so sure about this?

Soon most of the wallets will start supporting segwit but it might take few time for transition of normal bitcoin users to segwit address from usual legacy one.

[cashodler]

users have everything on their bitcoin legacy address... they dont care about sending it to a NEW segwit address. Users dont care about segwit.