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Author Topic: SEGWIT, where are the lower fees?  (Read 1851 times)
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August 25, 2017, 06:08:17 PM
 #41

I can see only Ledger supporting Segwit transactions which means that we could pay lower fees with ledger now but still the fee is not as less as it was earlier. I used to pay $0.05 initially in 2015 and now I pay almost $3-$4 for even small transactions like 0.02. Segwit has reduced the fee by 35%.

Good news right there.I paid $10 earlier to send $15 in Luno. It wasn't pleasant at all


That's why bitcoin will probably never become a payment system, only stay a digital gold and some other crypto will take over as a crypto payment system. High bet on Omise and their token that will be used in the SEA area (OMG) by all their customers/merchants that now use Omise's payment system, 2018 they release their own blockchain, everything is backed by Ethereum founders and OMG is the first Plasma project. Eventually everyone will be moved to OMG ($500M money processed every day today by Omise will be moved to OMG automatically) and OMG becoming the first used blockchain technology widely used by people that don't know about blockchain. McDonald's in Thailand already signed for using OMG. Bitcoin is not a future of crypto, but entry and end point for most of the people on this forum that doesn't mean much to the crypto community anymore, because it's too bitcoin-centric.
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August 27, 2017, 06:15:11 AM
 #42

snip
SegWit wasn't fully activated until yesterday, so that time you payed the lower fee was during a time of less transaction traffic.
But if Segwit is activated now, is there any way to become a part of this upgrade? Do I have to do something for it to happen? Or will blockchain.info make transactions have segwit automatically? Can anyone help me with this?
I still see the spam problem and nobody was able to explain it to me yet.
If a majority of the transactions we see at the moment are spam, and segwit needs to be activated by the user, how will segwit help to decrease the mempool?
The guys who make the spam transactions will simply not activate segwit.
Or have I missed something?
I'm sorry, I haven't found any sufficient explanation of this problem in this thread. What is it about? Why are you saying that most transactions are actually spam?

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August 27, 2017, 07:06:16 AM
 #43

snip
SegWit wasn't fully activated until yesterday, so that time you payed the lower fee was during a time of less transaction traffic.
But if Segwit is activated now, is there any way to become a part of this upgrade? Do I have to do something for it to happen? Or will blockchain.info make transactions have segwit automatically? Can anyone help me with this?

Different wallets will have different roadmaps on when they are ready to support SegWit. I know that SatoshiLabs are planning to add Bitcoin SegWit support to their Trezor beta-wallet in a few days, so I guess other wallet providers won't be far behind. The way I understood it you'll have to move your BTC to a SegWit enabled address first (starting with a "3", like a multi-sig address) before being able to send a SegWit transaction, so that part of the process will probably be manual and require action on your side.


I still see the spam problem and nobody was able to explain it to me yet.
If a majority of the transactions we see at the moment are spam, and segwit needs to be activated by the user, how will segwit help to decrease the mempool?
The guys who make the spam transactions will simply not activate segwit.
Or have I missed something?
I'm sorry, I haven't found any sufficient explanation of this problem in this thread. What is it about? Why are you saying that most transactions are actually spam?

There's rumour that since that BTC has been under a spam transaction attack since at least the beginning of the year (ie. since the scaling debate started to get serious). Thus making the network seem more over capacity than it actually is. One thing that speaks for this rumor is that the spam attacks subseded late Juli when SegWit (or was it Segwit2x?) locked in.

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