The SegWit activation was a joke?

[alifrenstein]

Hello guys, I really don't understand all the "excitement" about that SegWit thing. It already activated couple of days ago and still nothing - too many unconfirmed transactions, fees are very high, block sizes are still under 1 MB, and slow confirmations. Where is the promised lightning network? When (if at all) the current situation will change?

Roger Ver+Jihad is spamming the network heavily after segwit activation as the smart users predicted, actually very predictable. Now he is doing astroturfing everywhere, including thi forum. "See, segwit didn't work, we need a blocksize increase!"

They want to push the SegWit2x dogshit in order to crash the BTC price so BCC can benefit. Don't fall for it. Pay the fucking fees or wait for the Roger Ver+Jihad Wu spam to cease.

Oh my God! In this case, Roger+Jihad are VERY bad people! We mustn't let them win here!

Roger+Jihad - PLEASE STOP! STOP SPAMMING! PLEASE!!!

[Insanerman]

Just be patient, we are in a transition state.  The activation is just a first step of numerous steps.  An initial process where the actual solution to the scaling will be implemented.  We can think of Segwit Activation being the foundation to enable other development to happen in Bitcoin System.  So we just need to bear with it for a meantime together with those people who are spamming the network.  They will get tired of it, I am sure.

Well we have to just wait and see, since it is still fresh and maybe most miners are still adjusting to it. Actually there are still reports of delayed transactions and slow confirmations. Let us just be patient, and possibly we see changes these days.

[malikusama]

It wasn't a joke mate, the chain is modified and developed a lot and still it is developing but it will take some time. The rapid growth of price after segWit is shows that it works although it need some more time to make it more better. Don't be a pessimist, hope for the positive results and wait for it.

[franky1]

Roger Ver+Jihad is spamming the network heavily after segwit activation as the smart users predicted, actually very predictable. Now he is doing astroturfing everywhere, including thi forum. "See, segwit didn't work, we need a blocksize increase!"

billy change the record

bitcoin cash is a separate network. you might aswell be trying to say that 42coin is a threat to bitcoin... wake up
as for who is spamming, its like the last 2 years its the bscartel (blockstream +silbert) that want to convert people to segwit by making people think its beneficial to move over ASAP by using fear and panic as always.. again wake up

if you want to be rational. realise the ultimate truth. until the major merchant shopping cart services flip to a different network, there is no fear. and at the moment coinbase merchant tools has more chance of flipping to litecoin than it does to any other coin. so start making people aware of litecoin as the threat... again wake up

[n4poleon]

Maybe the wallet that you're using to send transaction from is not yet supporting SegWit, so you're still experiencing the normal transaction. Probably sometime next week, services will actually be integrating SegWit ready transactions. It really depends on the service that you're using.

[Slark]

After reading some comments here I realized that, in short, we had a network upgrade which on its own hasn't done anything special.
We still would need to upgrade our online infrastructure, wallets, services - basically everything to feel the upgrade.
People who expected instant and amazing betterment must be disappointed by the whole complication... I still didn't upgrade my wallet either...

[alifrenstein]

Oh my God! In this case, Roger+Jihad are VERY bad people! We mustn't let them win here!

Roger+Jihad - PLEASE STOP! STOP SPAMMING! PLEASE!!!

Roger and Jihad, if you are reading this, please, stop your spam. You won't get anything from it.

[hv_]

Wise people always posted that

SW is not a on-chain scaling solution

SW is a slow starter since infrastructure and users have to actively change - segwait bit is true.

A 2x (NYA) helps immediately for fee reduction and needed mass adoption block space and was the only way to get miners agree on the SW 1x at first step.

Bitcoin had 8+ years evolution+reputation time to be as safe as known today. Potential new 2nd layer scaling techs need many years too, to be save enough to be used, but might never be same trustless as bitcoin on-chain trx.

And AFAIK all that trouble, because of some potential centralization fears in some years, that might be wiped away by new massiv growth e.g. in big business world that would mean real decentralization, because these entities need to run lots of new separate big nodes on top.

[alifrenstein]

Wise people always posted that

SW is not a on-chain scaling solution

SW is a slow starter since infrastructure and users have to actively change - segwait bit is true.

A 2x (NYA) helps immediately for fee reduction and needed mass adoption block space and was the only way to get miners agree on the SW 1x at first step.

Bitcoin had 8+ years evolution+reputation time to be as safe as known today. Potential new 2nd layer scaling techs need many years too, to be save enough to be used, but might never be same trustless as bitcoin on-chain trx.

And AFAIK all that trouble, because of some potential centralization fears in some years, that might be wiped away by new massiv growth e.g. in big business world that would mean real decentralization, because these entities need to run lots of new separate big nodes on top.

Well, I just hope that the situation will get much better soon.

[ascopel]

More users using Segwit transactions will be what helps drain the mempool to get the fees down.  This will take some time as exchanges change their wallets to handle segwit (as mentioned in this post previously).  In the meantime BTC should get some more hashpower as some minors switch over to mining BTC from BCH.  BCH is around 2 mins per bock so as I am writing this I see this hashrate starting to change in the next 12 hours.  BCH will have a major difficulty adjustment upward this go around.  I do not see this cycle ending between BTC and BCH for at least a few more weeks.  Well worth the wait though.  Don't panic sell.

[hv_]

More users using Segwit transactions will be what helps drain the mempool to get the fees down.  This will take some time as exchanges change their wallets to handle segwit (as mentioned in this post previously).  In the meantime BTC should get some more hashpower as some minors switch over to mining BTC from BCH.  BCH is around 2 mins per bock so as I am writing this I see this hashrate starting to change in the next 12 hours.  BCH will have a major difficulty adjustment upward this go around.  I do not see this cycle ending between BTC and BCH for at least a few more weeks.  Well worth the wait though.  Don't panic sell.

Just a friendly reminder: majority of miners never wanted SW, rather bigger blocks.

Not so sure if that speeds up very soon, also when we see the 2x fight against miners on top.

Some miners might just skip all SW TX until NYA 'consensus' is reached. If not, they might play legacy BTC down and Bitcoin Cash wins.

[fluidjax]

Roger Ver+Jihad is spamming the network heavily after segwit activation as the smart users predicted, actually very predictable. Now he is doing astroturfing everywhere, including thi forum. "See, segwit didn't work, we need a blocksize increase!"

billy change the record

bitcoin cash is a separate network. you might aswell be trying to say that 42coin is a threat to bitcoin... wake up
as for who is spamming, its like the last 2 years its the bscartel (blockstream +silbert) that want to convert people to segwit by making people think its beneficial to move over ASAP by using fear and panic as always.. again wake up

if you want to be rational. realise the ultimate truth. until the major merchant shopping cart services flip to a different network, there is no fear. and at the moment coinbase merchant tools has more chance of flipping to litecoin than it does to any other coin. so start making people aware of litecoin as the threat... again wake up

Show proof or evidence of the spam source being Blockstream, or is that just BS plucked out of the air?
A fee market can stop spam, price out the spammers and move the trivial low value transactions to 2nd tier.
We don't need every coffee transaction stored on the blockchain.

Segwit is not the answer but it is a stepping stone that should have been implemented a long time ago, the miners holding it back have stifled development and are totally to blame for this temporary stagnation.

[ActiveP]

The situation will resolve itself. Obviously there are issues with miners preferring bitcoin-cash as it has less difficulty and is more profitable when compared to mining bitcoin. We saw the benefits of segwit after the first 2 weeks with lower fees and faster confirmation times. Hopefully this is temporary.

[hv_]

Roger Ver+Jihad is spamming the network heavily after segwit activation as the smart users predicted, actually very predictable. Now he is doing astroturfing everywhere, including thi forum. "See, segwit didn't work, we need a blocksize increase!"

billy change the record

bitcoin cash is a separate network. you might aswell be trying to say that 42coin is a threat to bitcoin... wake up
as for who is spamming, its like the last 2 years its the bscartel (blockstream +silbert) that want to convert people to segwit by making people think its beneficial to move over ASAP by using fear and panic as always.. again wake up

if you want to be rational. realise the ultimate truth. until the major merchant shopping cart services flip to a different network, there is no fear. and at the moment coinbase merchant tools has more chance of flipping to litecoin than it does to any other coin. so start making people aware of litecoin as the threat... again wake up

Show proof or evidence of the spam source being Blockstream, or is that just BS plucked out of the air?
A fee market can stop spam, price out the spammers and move the trivial low value transactions to 2nd tier.
We don't need every coffee transaction stored on the blockchain.

Segwit is not the answer but it is a stepping stone that should have been implemented a long time ago, the miners holding it back have stifled development and are totally to blame for this temporary stagnation.

Show proof, who says 'we don't need ...' ?

You just rephrase non sense. Bitcoin needs all, or nothing.

Proof, why it's not possible w/o SW.

Define spam....

[defined]

On the other hand what you're currently seeing with fees going up and transactions being delayed is a concerted spam effort coordinated by people trying to make it look like the bitcoin blockchain is congested and needs a controversial 2x upgrade in November which is being pushed by the NYA miners when most of the userbase and developers are against it and will not agree to their threats. It's artificial and does not represent the real economy situation.

Even if the spam is artificial, blockchain is really congested. Nothing artificial about it.
We need a solution, one way or another.

[fluidjax]

Roger Ver+Jihad is spamming the network heavily after segwit activation as the smart users predicted, actually very predictable. Now he is doing astroturfing everywhere, including thi forum. "See, segwit didn't work, we need a blocksize increase!"

billy change the record

bitcoin cash is a separate network. you might aswell be trying to say that 42coin is a threat to bitcoin... wake up
as for who is spamming, its like the last 2 years its the bscartel (blockstream +silbert) that want to convert people to segwit by making people think its beneficial to move over ASAP by using fear and panic as always.. again wake up

if you want to be rational. realise the ultimate truth. until the major merchant shopping cart services flip to a different network, there is no fear. and at the moment coinbase merchant tools has more chance of flipping to litecoin than it does to any other coin. so start making people aware of litecoin as the threat... again wake up

Show proof or evidence of the spam source being Blockstream, or is that just BS plucked out of the air?
A fee market can stop spam, price out the spammers and move the trivial low value transactions to 2nd tier.
We don't need every coffee transaction stored on the blockchain.

Segwit is not the answer but it is a stepping stone that should have been implemented a long time ago, the miners holding it back have stifled development and are totally to blame for this temporary stagnation.

Show proof, who says 'we don't need ...' ?

You just rephrase non sense. Bitcoin needs all, or nothing.

Proof, why it's not possible w/o SW.

Define spam....

None of what you says makes any sense to me.

[fluidjax]

On the other hand what you're currently seeing with fees going up and transactions being delayed is a concerted spam effort coordinated by people trying to make it look like the bitcoin blockchain is congested and needs a controversial 2x upgrade in November which is being pushed by the NYA miners when most of the userbase and developers are against it and will not agree to their threats. It's artificial and does not represent the real economy situation.

Even if the spam is artificial, blockchain is really congested. Nothing artificial about it.
We need a solution, one way or another.

1) You either allow spam and include it in blocks, thereby making blocks bigger and bigger.
2) You price spammers out of the market.
What are the alternatives?

[hv_]

On the other hand what you're currently seeing with fees going up and transactions being delayed is a concerted spam effort coordinated by people trying to make it look like the bitcoin blockchain is congested and needs a controversial 2x upgrade in November which is being pushed by the NYA miners when most of the userbase and developers are against it and will not agree to their threats. It's artificial and does not represent the real economy situation.

Even if the spam is artificial, blockchain is really congested. Nothing artificial about it.
We need a solution, one way or another.

1) You either allow spam and include it in blocks, thereby making blocks bigger and bigger.
2) You price spammers out of the market.
What are the alternatives?

Since you failed to define spam first, it is clear now, you are spamming this forum.

[franky1]

Show proof or evidence of the spam source being Blockstream, or is that just BS plucked out of the air?

show proof jihan is spamming

oh wait, he does empty blocks, so cant be adding spam to blocks..
oh wait jihan is mining bch not btc so cant be adding spam to btc...

LOGIC!!!
you cant accuse someone of making empty blocks aswell as filling blocks of spam .. it makes no sense
you cant accuse someone of making spam blocks on one coin while strangely hashing another. it makes no sense

billy and others who love the FUD of reddit propaganda need to pick one story and stick with it because it becomes a joke when you fools flip flop the narative

need proof just check the stats from last year june 2016 and november 2016.. look who needed to create panic to sway people into being pressured to accept bips released at those times..

[xrpdavid]

What can this 'Bitcoin Cash mining' problem do to the value of BTC?