Note to franky - SegWit is a backwards compatible protocol upgrade.
Do you even know what that means?
Yes.
For the ordinary user, SegWit is backwards compatible. It needs a majority of the hashrate to avoid a chain split, but by default it doesn't cause one (as I understand it). Therefore it would be an upgrade of Bitcoin with a consensus, and if in the future there was a split that separates from consensus that was agreed before, that one would be the "new coin" to put it that way.
Feel free to correct me on that but I'm pretty sure that I can call it backwards compatible.
You are correct -- however: Proposals like BitcoinXT, which require a majority of hashrate to activate, ALSO do the same thing, even though it is a hard fork... yet we still had plenty of shills/idiots trying to label it an "altcoin".
actually segwit is not as backward compatible as promised/promoted.. its stripped and tiered to be backward translatable.
but should there be an issue where nodes need to downgrade and go back to a single block.. (deactivating segwit). all the people with funds on segwit keys get stuck or end up having funds treated like anyonecanspend.
yep thats right.,, shocking revelation
also although segwit creates a tier network that filters out older nodes from receiving unconfirmed segwit tx's at normal tx relay(prior to block confirmation) a malicious person could MANUALLY copy and paste a tx from a segwit node and put it into a standard block and mess with that tx.
this is why blockstream are screaming for anything non-segwit to "f**k off" because of that risk.
this is why blockstream even if soo backward compatible blockstream dont just activate at any rate.
this is why blockstream even if soo backward compatible blockstream wont lt non-segwit pools add a normal block after activation.
i have already, multiple times said to gmax, if segwit is so backward compatible why not just make a segwit TX, hand it to BTCC and get BTCC to make a segwit block containing a segwit tx. to show that its network safe and backward compatible..