Quote from: jonald_fyookball on May 04, 2017, 05:21:21 AM

Quote from: The One on May 04, 2017, 04:04:25 AM

Quote from: Minecache on May 03, 2017, 11:18:57 PM

Quote from: spartacusrex on May 02, 2017, 09:39:19 AM

Ok.

Jhonny's got 3 threads up about mean nasty Core and how they are destroying Bitcoin.

Here is my LAST attempt at explaining 'what is going on' rationally.

1) There is a 'buglet' in Bitcoin that means that you can construct a TXN that uses a lot of time to process / check. Let's not worry about what it is but agree that it exists. The larger the blocks the easier it is to construct this TXN, and IF we had 2MB blocks, right now, you could bring down the network. This issue is fixed with SeqWit. So Core thought, let's introduce SW first, THEN we can make the blocksize bigger. Safely.

2) Soft fork vs Hard-fork. The 'poison pill' Jhonny and Franky keep ranting about is actually because CORE thought that NOT forcing you to upgrade was a GOOD thing. This is a Soft Fork. It means if you don't upgrade - no problem. No Split. We all carry on as before, and all the clever SegWit shit will happen in a way that doesn't affect the old nodes. Safely.

3) Bigger Blocks would ALREADY be here IF we had just upgraded to segwit 6 fucking months ago. This ridiculous stalemate is what is causing this total cluster fuck of a situation. Once we get SegWit.. oh mama.. ALL the clever things people have dreamed about can START to happen. AND Bigger Blocks!.. Safely.

..

If you are saying - NO! You Bast***ds! We want to jump ship to BU, which has a new consensus model, and software that crashes every 3 weeks, you are NOT acting SAFELY. Fact.

CORE are NOT your enemy.

.. Wake UP! (My New Chant.. Wink

) .. before it's toooo late..

Well said. Just look at LTC and imagine what would happen to BTC price.

LTC is nothing but a pump.

started out as sw pump but when coinbase adopted it, could actually get some more use, that is much more real fundamental value than sw.

Wait and see. Txs per day would need to go up dramatically in order to justify its value and whether segwit is successful. At the moment segwit doesn't help litecoin at all.
If adoption rate goes up then great. So it's wait and see.