Quote from: hdbuck on January 26, 2017, 11:26:16 AM

Quote from: Carlton Banks on January 26, 2017, 10:48:22 AM

Quote from: hdbuck on January 26, 2017, 10:17:02 AM

Soft forks are opt-in "updates" or "features" that are still backward compatible in regard to bitcoin's hard coded consensus rules.

They've also changed consensus rules, BIP66 changed signature validation, making it more selective. And it was an important consensus change, too.

I'm talking about new consensus change tho. From now on and as even heavily marketed segwit fork seems not to take root.

Such decentralization, much immutability ftw!

That is true and that might be it's fail.

People citicize banks are being dinosaurs, but the only dinosaur is Bitcoin here. Just as the dinosaurs could not adapt to the sudden cooling of the planet, despite being strong creatures, they went extinct.

The same way will bitcoin go extinct, despite it's strong decentralization, if the fee problem is not fixed in the next 12-18 months.

And I emphasize on this big time.

Like Western Union having 5$ fees. Oh boy, Bitcoin will soon have 10$ fees if this is not fixed.

https://www.saveonsend.com/blog/wp-content/uploads/2015/04/Money-transfer-Western-Union-vs-Bitcoin.jpg