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Author Topic: Why do people hate segwit so much?  (Read 2434 times)
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November 27, 2017, 06:37:00 AM
 #1

So there is a group of people that are really against segwit and I don't really understand it. Honestly, I'm not even 100% sure I know what segwit is. Basically my understanding is that it removes the signature part of a transaction so that more transactions can be sent. Also, somehow it allows atomic swapping which is a fancy way of exchanging coins quickly. So why all the hate on segwit?

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November 27, 2017, 06:48:25 AM
 #2

Politics and the need to have the Core developers out. Some say it was because it would render Bitmain's Asic boost useless, and all other reasons that distracted us away from the truth. But I believe it was politics.

I will leave Achow and the rest more learned about the situation to comment.


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November 27, 2017, 06:51:37 AM
 #3

I dont think it's segwit, I think it is Core that they don't like.
If core thinks one thing they will always think that its a bad idea or make up some kind of tinfoil-hat story about how it is a conspiracy against bitcoin.
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November 27, 2017, 07:08:29 AM
 #4

So there is a group of people that are really against segwit and I don't really understand it. Honestly, I'm not even 100% sure I know what segwit is. Basically my understanding is that it removes the signature part of a transaction so that more transactions can be sent. Also, somehow it allows atomic swapping which is a fancy way of exchanging coins quickly. So why all the hate on segwit?

SegWit includes some code changes that would pave the way for the Lightning Network and some people are not keen on implementing that as a scaling solution. If they can sabotage SegWit, then they can delay the implementation of the Lightning Network.

They are also butt hurt, because SegWit2x failed. < SegWit had no hand in that >

The first step to the solution for the scaling is on the table, but politics & pride are getting in the way of progress. Is this sabotage? They might be in a better position to answer that. ^hmmmmmm^

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November 27, 2017, 07:26:28 AM
 #5

I think it's about Lightning Network which isn't easily implemented without SegWit. The SegWit soft fork complicates a bit things but the main worry is Lightning Network that leads to more centralization.
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November 27, 2017, 07:33:42 AM
 #6

Should be :  "Why do cabals hate Segwit so much?"  Very few Crypto fans "hate" Core.
Some of the most vicious Core haters I know on Twitter are never honest. Fake Satoshi is even a strong Core/Bitcoin hater. He attacks everybody on Twitter these days.

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November 27, 2017, 07:54:16 AM
 #7

So there is a group of people that are really against segwit and I don't really understand it. Honestly, I'm not even 100% sure I know what segwit is. Basically my understanding is that it removes the signature part of a transaction so that more transactions can be sent. Also, somehow it allows atomic swapping which is a fancy way of exchanging coins quickly. So why all the hate on segwit?

Ostensibly, their argument is that "Segwit is not Bitcoin" because signature information is segregated such that older nodes cannot fully verify Segwit transactions. Their arguments against the Lightning Network are an extension of that. In other words, they argue that if it's not a standard, on-chain transaction, it's not "Bitcoin."

On its face, this is a cop out. They push hard forks on the timeline of a few weeks. Older nodes cannot verify anything on the new chain after the fork has taken place. I don't see how one can support hard forks --- especially rushed hard forks, like Bcash's November fork --- and say that it's about older nodes. The truth is that they have a very different vision for scaling (if you could call it that) than Core. They want huge blocks. Segwit and Lightning are clearly obstacles to that.

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November 27, 2017, 10:38:07 AM
 #8

As much as I can understand after the attacks of BCH owners to BTC blockchain most of anti segwit people changed their mind. Bitcoin really needs upgrade

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November 27, 2017, 12:01:01 PM
 #9

Politics and the need to have the Core developers out. Some say it was because it would render Bitmain's Asic boost useless, and all other reasons that distracted us away from the truth. But I believe it was politics.

I will leave Achow and the rest more learned about the situation to comment.

What i have observed that Segwit blockage by Bitmain is one of the major reasons why some people are against segwit. Many myths are also created about this contradiction like Blockstream will have control over the bitcoin and they can dictate whatever they want but all these are just rumors nothing else.



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November 27, 2017, 12:34:29 PM
 #10

segwit puts power where power shouldnt be, loading up on central nodes capable of discemenising aganst the norm of protocols that dont exist in the nural network of things just like the IOT but more passivevly integrated in the server database layer
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November 27, 2017, 01:38:47 PM
 #11

So there is a group of people that are really against segwit and I don't really understand it. Honestly, I'm not even 100% sure I know what segwit is. Basically my understanding is that it removes the signature part of a transaction so that more transactions can be sent. Also, somehow it allows atomic swapping which is a fancy way of exchanging coins quickly. So why all the hate on segwit?

Because it change bitcoin structure......Bcash has the closest structure to original bitcoin
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November 27, 2017, 02:46:55 PM
 #12

There are some reason such as :
1. They got fed by FUD
2. They hate anything which is different than original bitcoin or original Satoshi's vision
3. They don't actually understand the advantage or how SegWit works
4. They don't hate SegWit, but hate the one behind if (Core developer)
5. They think SegWit isn't the real/best scaling solution

But the haters right that SegWit isn't enough to fix current bitcoin problem and future scaling solution, 2nd layer such as LN and increase block size may be needed.

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November 27, 2017, 06:53:14 PM
 #13

Some of the earliest complaints (that seem to have fallen by the wayside now) were around fungibility, the notion that there is no discernible difference between one Bitcoin and another.  If some Bitcoins can be processed with lower fees or a higher priority than others because of a difference in formatting, technically they aren't identical anymore.  But since you can still exchange one type for another, it's not really a huge issue.

The general sense I get isn't so much that people hate SegWit, they just aren't sure of new things they haven't encountered before.  Some people aren't comfortable with change.  Give it time.

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November 27, 2017, 10:15:22 PM
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and its beginning to dilute the whole bitcoin brand, aspects of it are good but there you go
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November 27, 2017, 10:35:38 PM
 #15

Politics and the need to have the Core developers out. Some say it was because it would render Bitmain's Asic boost useless, and all other reasons that distracted us away from the truth. But I believe it was politics.

I will leave Achow and the rest more learned about the situation to comment.

Isn't that about a change of block size? Could you go into a bit more of details, how exactly would it render ASIC boost useless?
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November 28, 2017, 03:29:57 AM
 #16

maybe because people already feel comfortable with 1xxx instead of bxxx addresses
and from the miner's point of view, it would create less tx size hence more txs confirmed
thus will resulted tx fee rate to drop and less income for miners
because there is no more tx fee wars (competition) amongst users trying to get their tx included in a block
in short: segwit ~> less tx size ~> more txs/block ~> less tx fee rate ~> less miner's income

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November 28, 2017, 04:08:41 AM
 #17

So many Segwit now .
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November 28, 2017, 04:41:21 AM
 #18

Honestly, I'm not even 100% sure I know what segwit is.

Honestly I think this is a huge part of it. The developers really failed at communicating what the change was to the average user. Now some might argue that it isn't their job, but there certainly should be some responsibility there for some party.

Anyway, yes, I think the reason there's a lot of hate, is because ther'es a lot of ignorance. People just genuinely do not comprehend how complicated bitcoin is, and how changes like segwit work, and what they do.

The implications of changes are also widely underappreciated and undercommunicated.
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November 28, 2017, 08:06:33 AM
 #19

So why all the hate on segwit?
Because they were just the bandwagon army who follow the trend of those butthurt people when in fact they can't do anything about it.

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November 28, 2017, 08:49:09 AM
 #20

So there is a group of people that are really against segwit and I don't really understand it. Honestly, I'm not even 100% sure I know what segwit is. Basically my understanding is that it removes the signature part of a transaction so that more transactions can be sent. Also, somehow it allows atomic swapping which is a fancy way of exchanging coins quickly. So why all the hate on segwit?

To my understanding, SegWit is something that "removes the signature" (as you said) to compress the transactions in order to gather more and more transactions by reducing the size of each. Some hate SegWit because even after its implementation, we are still having the scaling issues ongoing as well as the fees are getting higher and higher each day. I think that if they hate it, it's their choice and let us remain quiet and see what they will come up with. For example, those who support BCH will eventually cry because it didn't solve the problem, but increased it by adding 7 MB more to its block size where we already know that after just 7 years, the blockchain size of BTC has bloated to more than 150 GB.

   
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