Post
Topic
Board Bitcoin Discussion
Re: [News]WHY AGAINST SEGWIT AND CORE? Mining investor gives his answer
by
DaRude
on 25/11/2016, 06:35:43 UTC
Only problem is that big blockers realizes that even 20MB blocks cannot accommodate the transaction volume they speak of, nor does it solve 10min confirmation time. So other layers must be implemented which cannot (efficiently) be done without segwit. So they're just trying to hold segwit hostage.

holding it hostage??
um... like core not coding something so holding the other bip hostage by not even having a release available. which is far more hostile then having code released but people choose not to use it.

also are you presume bitcoin is going to jump in utility by a factor of 20, in days, weeks, months, years..?
seems your opinion is that its going to jump in days-months and so your upset that bitcoin cant cope.. yet RATIONALLY bitcoin utility will grow over YEARS and in those YEARS larger blocks would be happily relayable.

the main community is not saying jump to 20mb in weeks-months. its instead asking for a rational growth over rational time without having to beg devs "can i have some more" every couple years. by allowing the growth to be dynamic and not controlled by a team of people paid by banks.

its also worth looking at the bait and switch proposals and who actually proposed them, to then realise that it was done to scare people into loving core



If a space on a distributed blockchain costs only $0.01 i might use it as a notepad to store my reminders. e.g. if it's free (or almost free) to spam i can't imagine mempool being empty again, regardless of the size of a block.

Quote
by allowing the growth to be dynamic
Yes sure why don't we introduce this HUGE attack vector into BTC? Sounds like a good plan. No one in their right mind would allow this. How big should a block be to handle Visa volumes?

I like your assumptions of the desires of "main community". I can do that too, main community wants segwit! There is a group that proposed Classic/XT/BU which was/is rejected by the main community. Now there is a proposal for segwit, yet there is a group that is blocking it. So what are the options? Main community must agree with BU minority or otherwise no one gets segwit?