Post
Topic
Board Bitcoin Discussion
Re: Blocks are full.
by
BitUsher
on 20/01/2016, 15:54:02 UTC


i have not been into all this bitcoin stuff for so long , but from all i read so far , i cant realy see why so much people are hating on bigger block sizes. Becuse all i can see and hear right now is that bitcoins would benfit from it a great deal.
Because you have no IT background and have not done adequate research. How could you jump to such conclusions? With a block size of 2 MB it is possible to construct a transaction that would take over 10 minutes to validate which would harm the network.

While this is factually true in of itself , it ignores the larger context of it being trivial to protect against CVE-2013-2292 with the appropriate sigop protections(code has already been produced). Therefore it would be more appropriate to use this arguments against any idiots who suggest that there are no risks from simply increasing one variable, namely maxBlockSize.

Do you know what is the current status of SegWit and when will it be released?

Segwit has moved off the sidechain testnet into a open testnet since the end of last year. It is currently undergoing a lot of testing and these wallet/companies are supporting it -

Updated list of wallets/companies planning to support SegWit:

https://bitcoincore.org/en/segwit_adoption/

Latest one is my favorite SPV - Mycelium -

https://twitter.com/MyceliumCom/status/689518860727377920


... and electrum just ack'ed


Expected to go live in April.