Post
Topic
Board Bitcoin Discussion
Re: Bitmain announces plan to create altcoin if BIP148 succeeds
by
deisik
on 15/06/2017, 07:48:59 UTC
i've been also wondering why bitmain is pro segwit with litecoin, but they are against segwit with bitcoin

i think the answer is clear now, with litecoin they have not all the fee because there is no delay in transactions due to the block being already 4 x before segwit

with bitcoin yes, so they are just greedy miners  that want more money and nothing more

If Bitmain want bigger blocks, Jihan said many times he wants bigger blocks, then why do people go on about bigger fees, greedy, etc. Bigger blocks will result in lower fees but more transactions. The increases in transaction means more accumulation of lower fees. This is a win win for miners and users. Presently miners are the winners and the users are the losers due to 1mb limit

This is a very superficial logic

In reality, things are more complicated than that. In other words, we shouldn't take anything at its face value when we are told something ("believe half of what you hear..."). If Jihan said something, it doesn't mean he was really going to do that. Do you really believe that he is going to hard fork Bitcoin and create a Wucoin? Further, you seem to erroneously assume that the block size increase will actually increase the number of transactions. It may in fact increase them somewhat, but not as dramatically as to offset the decline in fees. This is where things get complicated, and miners are the ones who have the first hand info in this department. But that doesn't mean they will share it with us, of course