Post
Topic
Board Bitcoin Discussion
Re: Fuck: SegWit, LN, Blockstream, Core, Adam Back, and GMazwell
by
Adrian-x
on 30/03/2017, 22:30:35 UTC
Just a reminder. SegWit is a transaction limit proposal, and if activated it will be much harder to increase transaction capacity on chain knowing that post SegWit increases comes with 4X the block weight. 


here are the economic policies being pushed by incumbent developers - they unanimously support limiting bitcoin transaction:

Quote from: Greg Maxwell
“There is a consistent fee backlog, which is the required criteria for stability.“

Quote from: Pieter Wuille
“we - as a community - should indeed let a fee market develop, and rather sooner than later”

Quote from: Mark Friedenbach
“Slow confirmation, high fees will be the norm in any safe outcome.”


Quote from: Luke-jr
“Reasonable block sizes currently range from ~550k to 1 MB"

Quote from: Jorge Timon
“…higher fees may be just what is needed…”


Quote from: Wladimir J. van der Laan
“A mounting fee pressure, resulting in a true fee market where transactions compete to get into blocks, results in urgency to develop decentralized off-chain solutions.”