Why Bitcoin Legacy Address got Replaced with Segwit

[WhyFhy]

Segwit has a lighter byte weight, therefore lower fees.
Legacy is still fine but being the original it's a heavier byte weight.
In the last couple years some major exchanges have switched to segwit/ms.

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[WillyAp]

I find it remarkable that Litecoin seems to be the forerunner for features Bitcoin implements after seing if it works out or not.
Litecoin not being the Silver rather being the platinium.

https://robots.net/fintech/when-does-segwit-activate-on-litecoin

[philipma1957]

I find it remarkable that Litecoin seems to be the forerunner for features Bitcoin implements after seing if it works out or not.
Litecoin not being the Silver rather being the platinium.

https://robots.net/fintech/when-does-segwit-activate-on-litecoin

which is why I push for btc to not go after small value transactions.

Just set lowest send at 0.0001 btc with minimum fee at 0.00001

all small blockage btc sends would be encouraged to move to LTC or Doge.

BTC blockchain clog is over and done with.

[Pmalek]

I find it remarkable that Litecoin seems to be the forerunner for features Bitcoin implements after seing if it works out or not.
Litecoin not being the Silver rather being the platinium.

It depends on how you look at it. You can compare it with a piece of technology we all use - smartphones. Big companies have their flagships. Those are the most expensive phones with the best build quality, hardware, software etc. But they also have many experimental models where they test out different new features, hardware, software combinations, etc. Phones made of cheaper materials for those not willing to pay for a flagship.

If the tech they are experimenting with isn't producing the results they expected, too bad. It will stay with one of those cheaper models. That's Litecoin for you.
If it works and creates additional benefits, it will be added to the set of features on the next flagship. That's Bitcoin.

[pooya87]

all small blockage btc sends would be encouraged to move to LTC or Doge.

BTC blockchain clog is over and done with.

Bitcoin's network congestion is not because of "small transactions" it is because of an ongoing spam attack that is self sustaining by providing an incentive to the attack participants in a scam market where they gamble on the spam transactions they create.

Not to mention that flawed copies of bitcoin like LTC and Doge have the same problem, the only reason why they aren't being spammed right now is because they aren't being used in real world to create the incentive for attackers to perform such an attack in such a scale.

[WillyAp]

Not to mention that flawed copies of bitcoin like LTC and Doge have the same problem,

Please be so kind and point to a source, I would like to know if that claim is true.
Litecoin being flawed, on what data you base your statement?

[suzanne5223]

all small blockage btc sends would be encouraged to move to LTC or Doge.

BTC blockchain clog is over and done with.

Bitcoin's network congestion is not because of "small transactions" it is because of an ongoing spam attack that is self sustaining by providing an incentive to the attack participants in a scam market where they gamble on the spam transactions they create.

Not to mention that flawed copies of bitcoin like LTC and Doge have the same problem, the only reason why they aren't being spammed right now is because they aren't being used in real world to create the incentive for attackers to perform such an attack in such a scale.

The reason why we're seeing people making this statement is because they never understand that no matter how scalable a cryptocurrency is, it will experience network congestion when it reach it maximum usage.
What I don't understand is what the people that's using BRC-20/ordinal inscriptions to spam the BTC network sees in the project that wont survive the next bear market.

[MusaMohamed]

Bitcoin's network congestion is not because of "small transactions" it is because of an ongoing spam attack that is self sustaining by providing an incentive to the attack participants in a scam market where they gamble on the spam transactions they create.

Recent months, spam attacks are from Ordinals Inscriptions with no practical value and those people who minted BRC 20 tokens even over paid a lot for transaction fee with belief that their Inscriptions have some values that will be higher than transaction fees they overpaid.

In the past there are other attacks on Bitcoin network and mempools that cause transaction fees were expensive too. The most famous is Bitcoin Cash, Roger Ver team attacks in 2017 with hope that they will be able to convince Bitcoin users to move to Bitcoin Cash shit blockchain. Bigger block size, since 2017, their blockchain has slowly become dead with lower hashrates.

Block size: https://bitinfocharts.com/comparison/size-btc-bch.html#alltime
Hash rate: https://bitinfocharts.com/comparison/hashrate-btc-bch.html#alltime

[pooya87]

Please be so kind and point to a source, I would like to know if that claim is true.
Litecoin being flawed, on what data you base your statement?

LTC as the copy of Bitcoin and Doge as the copy of LTC, inherit the same weaknesses from the parent project. For example the vulnerability to spam attack causing network congestion or the rest of the weaknesses Bitcoin has.

Additionally the copycoins always change something that introduces additional weaknesses and in some cases even serious vulnerabilities. For example Dogecoin being a PoW and not popular at the same time made it vulnerable to 51% attacks. That is on top of numerous other critical and exploitable vulnerabilities that have been found when someone bothers reviewing their codes.

[satscraper]

Is bitcoin legacy address not safe anymore?

Legacy addresses  are safe  but take into account they are case sensitive and may include both capitals  and lowercase letters. Thus. they may  be perceived incorrectly by ear.

 Bech32 (native Segwit) addresses allow solely  lowercase letters, thus receiving them audibly (let's say in phone conversation) is less faulty.

[WillyAp]

LTC as the copy of Bitcoin and Doge as the copy of LTC, inherit the same weaknesses from the parent project. For example the vulnerability to spam attack causing network congestion or the rest of the weaknesses Bitcoin has.

You seem to be unaware that LTC was a fork, Not comparable to Doge.
https://www.investopedia.com/articles/investing/040515/what-litecoin-and-how-does-it-work.asp

Subsequently, variants of these zero-days were also discovered in similar blockchain networks, including Litecoin and Zcash. Due to codebase differences between the networks not all the vulnerabilities are exploitable on all the networks, but at least one of them may be exploitable on each network. On vulnerable networks, a successful exploitation of the relevant vulnerability could lead to denial of service or remote code execution.

An assumption is to say them may be exploitable on each network. Plus admitting that they are differeces which makes in unlikey to be exploitable. He puts all into the same bucket, no one has seen an exploit so far. Not on BTC, Nor on LTC or Doge.
Second the risks of a network 51% attacks are more things of the past when the networks were smallish.

https://www.halborn.com/blog/post/halborn-discovers-zero-day-impacting-dogecoin-and-280-networks

[pooya87]

You seem to be unaware that LTC was a fork, Not comparable to Doge.

Fork is the technical term for a copy. If you check the source codes you can see how they have and still are simply copy pasting everything from their parent project (everything except the small parts they'd changed).
https://github.com/litecoin-project/litecoin
https://github.com/bitcoin/bitcoin/compare/master...litecoin-project:litecoin:master

[WillyAp]

You seem to be unaware that LTC was a fork, Not comparable to Doge.

Fork is the technical term for a copy. If you check the source codes you can see how they have and still are simply copy pasting everything from their parent project (everything except the small parts they'd changed).
https://github.com/litecoin-project/litecoin
https://github.com/bitcoin/bitcoin/compare/master...litecoin-project:litecoin:master

Commits on Nov 18, 2020 is what I see,
That is 3 years off.

Fork is not the technical term for a copy.

https://opensource.com/article/17/12/fork-clone-difference

The concept of forking a project has existed for decades in free and open source software. To "fork" means to take a copy of the project, rename it, and start a new project and community around the copy. Those who fork a project rarely, if ever, contribute to the parent project again.

Between forking or cloning and now there are 12 Years.

[ABCbits]

You seem to be unaware that LTC was a fork, Not comparable to Doge.

Fork is the technical term for a copy. If you check the source codes you can see how they have and still are simply copy pasting everything from their parent project (everything except the small parts they'd changed).
https://github.com/litecoin-project/litecoin
https://github.com/bitcoin/bitcoin/compare/master...litecoin-project:litecoin:master

Commits on Nov 18, 2020 is what I see,
That is 3 years off.

--snip--

FWIW Nov 18, 2020 seems to be earliest date. If you scroll down and clcik "Load more commits" few times, you'll see latest date which is May 12, 2023.

[WillyAp]

FWIW Nov 18, 2020 seems to be earliest date. If you scroll down and clcik "Load more commits" few times, you'll see latest date which is May 12, 2023.

Between forking or cloning and now there are 12 Years.
Information you conveniently ommited  

[ABCbits]

FWIW Nov 18, 2020 seems to be earliest date. If you scroll down and clcik "Load more commits" few times, you'll see latest date which is May 12, 2023.

Between forking or cloning and now there are 12 Years.
Information you conveniently ommited  

I merely mentioned information you didn't see on https://github.com/bitcoin/bitcoin/compare/master...litecoin-project:litecoin:master. That link doesn't mention anything about duration of clone/fork.