Post
Topic
Board Bitcoin Discussion
Re: SegWit yay or nay? come vote here.
by
franky1
on 21/01/2017, 18:20:09 UTC
From a layman's point of view (I'm not a coder) I vote yes, because until now I can see only advantages. If someone of the anti-segwit faction can point me to a text where the disadvantages of Segwit are explained in layman's terms, be welcome!

But I am also in favour of a conservative block size increase which takes into account the worldwide average upstream internet bandwidth growth. Because I think while for real micropayments (<10 USD) off chain solutions like LN might be better, for payments with a little higher amounts I prefer the blockchain.


hmm another guy using the latest script buzzword "conservative"

d5000
you do realise the 'fee's and penalties of LN..
you do realise the confirmed tx maturity after LN settlement.. (CLTV aka 3-5 business day funds unavailable)
you do realise the confirmed tx revokes after LN settlement.. (CSV aka chargeback penalty)

they have already estimated that to open a channel for 10 days requires 0.006btc fee to be deposits to cover all the costs/possib penalties of using LN $4 just to use the LN service.

LN has a niche for some users, but is not the solution for all users.
even the bitcoin usage stats of 'days destroyed' revealed not everyone is spamming the network multiple times a week.. but core got those stats removed from known public websites to hide that and pretend everyone is spending funds hourly to need LN


its techy but if anyone want to read.. scroll down on the link to the 'results' and see their excel sheet of all the penalties and costs of use they intend to have
https://lists.linuxfoundation.org/pipermail/lightning-dev/2016-November/000648.html