Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Cconvert2G36
on 19/02/2016, 02:11:33 UTC
I would still argue against favoritism in the fee economics..

The reason this was done is 2 fold.. incentivize adoption to segwit and more importantly Reduce UTXO growth.

Mhmmm, it would also directly discount LN settlement transactions when/if they arrive. Apparently some transactions are more equal than others. Encouraging reduction of UTXO is the sales carrot again.

I will remain distrustful of Core's leadership and their conflicted interest in forcing the settlement layer architecture.

How will bitcoin scale to the mainstream if it didn't act as a settlement layer for the main chain? It certainly cant get far by continually increasing the block side.

I know you've had a long day, so I've bolded the important part.

You know I want second layer solutions too, just with them playing on an even (not artificially slanted) field of competition. Both a segwit discount, and dogmatically limiting native capacity... serve to slant the field in their favor.