Post
Topic
Board Bitcoin Discussion
Re: ToominCoin aka "Bitcoin_Classic" #R3KT
by
JayJuanGee
on 20/05/2016, 18:55:23 UTC
Next drama in sight... because bitcoin isnt funny without fud and division.
The idea behind Classic is useless at the moment. Why would someone opt for a solution that does something in a certain way, when there's a solution (segwit) that does it in a much better way and comes with additional benefits? It does seem like we can't really take a break from the drama. Seems like the community constantly jumps from one thing to another.

Hate to dig up this old reply, but man I can't believe you actually consider segwit (on it's own) to be a solution to anything.

It's just a re-arrangement of information in the blocks, an accounting trick that is overly-complicated just to get a slight boost in transaction capacity. 2mb would be far more effective, simple and efficient. And that's what bitcoin needs right now - simple efficiency, not overly complicated solutions that require every single wallet's code to be completely rewritten just for one change to work.

Shill harder


Certainly, I am no technical expert, but you really sound like a layman coming at this problem from a perspective that has been marketed to you... and you are trying to suggest that there is some simple solution blah blah blah.. and that really is not the case.. From my understanding, increasing blocksize limits is not simple because it has a variety of negative effects, not necessary and does not contain merely "upside" as you seem to imply.

In some sense,  shouldn't we give some deference to some of the technical people on this, and there is no dispute coming from them regarding the brilliance of seg wit...?   They all agree that seg wit is a great solution to a variety of bitcoin issues, even Gavin and Garzik and maybe even Hearnia (though I am speculating about whether he was agreeable about anything in his final bought out days of fame)