Post
Topic
Board Bitcoin Discussion
Re: Segwit on Bitcoin has Failed , BTC Core has Lost , The Miners have Won
by
Searing
on 13/02/2017, 09:22:01 UTC
Do you realise that segwit has until Nov to activate ?  i think you are a little premature.   Undecided


And I think many of you can't do math.


8 MB Blocks                   7.5% =>   100%- 7.5% =  92.5%   SEGWIT FAIL
or
Bitcoin Unlimited          18.3% =>   100%-18.3% =  81.7%   SEGWIT FAIL

Combined                    25.8%  =>   100%-25.8% = 74.2%   SEGWIT FAIL


Segwit has failed, Game Over it will never reach 95%.


 Cool

But Bitcoin Core does not care. They will run this out till November, no issue. They see BTC as a 'store of value' not a currency. So they really don't care
if the block size increases or not. Thus it is more of an issue to the miners. The bitcoin core people could care less as long as it acts as a store of value
and they keep control and the more the value of BTC goes up, the more entrenched they are that they are correct. Thus bitcoin core wins.
They have no real reason to do anything to increase block size, if they don't seem to care about mining
nor bitcoin being used as a currency. They are fine imho, just keeping it as a digital gold store of value and as such, keep the power to themselves.

Set/Win Sad