Post
Topic
Board Bitcoin Discussion
Re: More than 50% of SegWit support comes from one miner
by
franky1
on 11/02/2017, 02:43:09 UTC
It is in our nature to want it all. The Chinese Bitcoin mining industry not only wants control in minting coins and what is included in a block they now are making moves to control development to get what they want. Bigger blocks.

To gain back leverage there must be the ability to do transactions off the chain.

lol wake up. your sleeping.
im guessing blockstream tucked you into bed and read you a fairy tale.
telling you to count the miner until you fall asleep instead of thinking of the boogey men under your blockstream bed.

care to try reading before bed. and not jump into bed with anyone that only wants to grab your wallet.

here is some tips for your research
1. if segwit activates. segwit nodes will BAN non segwit pools AUTOMATICALLY. thus causing a soft bilateral split.
2. even if segwit activates. all of them "fixes" wont be used by the malicious users that are causing the issues. malleation, quadratic spam etc will still occur.
https://bitcoincore.org/en/2016/10/28/segwit-costs/
Quote
Miners could simply use software that does not recognise segwit rules (such as earlier versions of Bitcoin Core) to mine blocks on top of a chain that has activated segwit. This would be a hard-fork as far as segwit-aware software is concerned, and those blocks would consequently be ignored by Bitcoin users using segwit-aware validating nodes. If there are sufficiently many users using segwit nodes, such a hard-fork would be no more effective than introducing a new alt coin.
yep segwit nodes will bilateral split the network and prefer to talk to only thier own kind.. (native bitcoincoin nodes and pools are thrown aside)
Quote
Significant work has gone into ensuring that segwit enabled peers will form a strongly connected subgraph of the Bitcoin P2P network. This includes providing a dedicated service bit for witness enabled nodes and preferentially connecting to such nodes.
BIP9 changed to a new quorum sensing approach that is MUCH less vulnerable to false triggering, so 95% under it is more like 99.9% under the old approach.  But we saw no reason to lower the criteria:  basically when it activates the 95% will have to be willing to potentially orphan the blocks of the 5% that remain if they happen to mine invalid blocks.   If there is some reason when the users of Bitcoin would rather have it activate at 90%  (e.g. lets just imagine some altcoin publicly raised money to block an important improvement to Bitcoin) then even with the 95% rule the network could choose to activate it at 90% just by orphaning the blocks of the non-supporters until 95%+ of the remaining blocks signaled activation.

3. the transaction boost is not automatic. its dependant on how many use segwit keys. dont expect 100% utility