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Author Topic: First 2 mb block was mined. You want more of this? Use Segwit enabled wallets  (Read 294 times)
figmentofmyass
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January 25, 2018, 11:01:00 PM
 #21

I would rather want to focus on a aggressive campaign to force popular third party wallet providers to switch to SegWit, than trying to introduce people to "unknown" <possibly scam> alternatives. Yes, once people move away from these popular sites, they might be forced to change, but then you should provide a trustworthy alternative.

Does Gemini offer SegWit enabled wallets?

why do we need to "force" third parties to implement segwit? wasn't it sold to us on the premise of being a voluntary, opt-in upgrade? it seems to me like the problem is resolving itself. the high fee environment has essentially forced services to optimize their transactions. the cause of the recent network congestion is largely due to bad fee estimation and inefficient (non-batched) transactions by large services---not lack of segwit adoption. it's probably more important that services implement transaction batching than anything else.

if anything, i think an aggressive campaign aimed at exchanges, etc. right now will just exacerbate the already terrible situation with customer support backlogs.

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January 26, 2018, 06:16:07 AM
 #22

I would rather want to focus on a aggressive campaign to force popular third party wallet providers to switch to SegWit, than trying to introduce people to "unknown" <possibly scam> alternatives. Yes, once people move away from these popular sites, they might be forced to change, but then you should provide a trustworthy alternative.

Does Gemini offer SegWit enabled wallets?

why do we need to "force" third parties to implement segwit? wasn't it sold to us on the premise of being a voluntary, opt-in upgrade?

So you do not want the large Bitcoin services, like Blockchain.info and Coinbase  to start using Segwit to help with network congestion and to help lower the fees somehow?

Quote
it seems to me like the problem is resolving itself. the high fee environment has essentially forced services to optimize their transactions. the cause of the recent network congestion is largely due to bad fee estimation and inefficient (non-batched) transactions by large services---not lack of segwit adoption. it's probably more important that services implement transaction batching than anything else.

Segwit plus batching is the best way. Segwit has shown to grow the block size to 2mb. I believe that is enough to reduce the unconfirmed transactions in the mempool for now.

Quote
if anything, i think an aggressive campaign aimed at exchanges, etc. right now will just exacerbate the already terrible situation with customer support backlogs.

Yes, and this should be a campaign for? Segwit usage Taadaa!

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