Post
Topic
Board Bitcoin Discussion
Re: [News]WHY AGAINST SEGWIT AND CORE? Mining investor gives his answer
by
AgentofCoin
on 23/11/2016, 16:27:26 UTC
...

From my technical layperson's opinion, what is lacking from the OP is:

SegWit is an attempt at fixes and optimizations.
SegWit allows for expansions and a more secured future for Bitcoin.
If it causes issues/problems we can work with that and reverse course.
The genie is still contained and we can let him out later.

A Hardforked Blocksize Increase (HBI) is not a fix or an optimization.
A HBI is a simple answer to a complex problem that has future consequences.  
If it causes issues/problems we are stuck with them and can't reverse course.
The genie is out of the bottle and won't go back in.


This miner doesn't understand that his investments are almost always at a loss since
he is converting energy into work and creating security. And what is most important is
that if the security is compromised by premature centralization, then there is no true
value in the system. Bitcoin's value is only it's decentralized censorship resistant ability.

Bitcoin is a balancing act. We need to balance over time, not just tip one way or the other.