Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
dEBRUYNE
on 25/04/2016, 10:25:26 UTC
Segregated Witness is just another way to centralize mining. I will explain that in the future when I am ready.

... but that is a small price to pay in order to increase the blocksize from 1 MB to an effective 1.6 MB accomplish

  • Malleability Fixes
  • Linear scaling of sighash operations
  • Signing of input values
  • Increased security for multisig via pay-to-script-hash (P2SH)
  • Script versioning
  • Reducing UTXO growth
  • Compact fraud proofs
Cool

ftfy

The technically-challenged will conflate features with don't require Segregated Witness with an argument for why we need Segregated Witness.

Segwit is an elegant way for Bitcoin to gain those benefits.  I never said segwit was the only way, but it's good enough and it's happening.

Other coins (like Monero) enjoyed second/late mover advantages by being designed for those features from the beginning.

I heard that the SegWit will be implemented in a few weeks according to the bitcoin core road map. So the price could rise.

Make that a few months, the pull request just came in last week if I recall correctly. It needs to be reviewed thorougly first. Also, bear in mind that it only gets activated if it reaches a 95% treshold of miners running the code.