Post
Topic
Board Bitcoin Discussion
Re: The Barry Silbert segwit2x agreement with >80% miner support.
by
JessicaG
on 08/07/2017, 21:56:05 UTC
There is no "kinds" of segwit. The contention is "what comes after segwit?" On the Core side is "nothing" (i.e., just segwit) and on the "other" side is "larger blocks" (i.e., segwit and 2MB).

Spot-on...

It amazes me how this tiny little difference is creating such huge opposites; it is reminding me on some famous words a president back in 2001 once spoke: "You are either with us, or against us"... I mean, wasn't the current cap purely implemented as a temporarily measure, because back then it was noticed that the chain could be spammed? And sure, we have seen that, yet the chain would only be congested for a few days max...
The current congestion though, is a whole different story in my opinion. The size of the blocks were already reaching their near cap, and when Japan kicked in by officially legalizing the BTC, it got quite clogged; and that's just 1 single country... I think SegWit alone would be enough to unclog the current situation, but I also think we would be nowhere further than just a few months ago (like, when the blocks were nearly full). So personally, I wouldn't mind to see larger blocks implemented as well, rather sooner than later...




You are talking nonsense Jessica...

You are basing your conclusion of a supposed need for 2mb blocks on facts that do not exist... there is no clogging of the bitcoin blockchain, except for the extent to which some miners must be directing their hashpower to make such appearances of clogging... such recent precipitous rise and then drop in mempool back up seems abundantly obvious evidence that the clogging of the mempool is not based on some kind of actual organic growth - but instead is a fabricated situation that would not be solved by a mere doubling of the blocksize limit.. and therefore a doubling of the size of the blocksize limit would likely cause more troubles than it resolves.


So, yeah, it is possible that some day there is going to exist a situation in which a hard increase of the blocksize limit might be necessary, but it is not even close to being true in today's level of bitcoin usage... and surely it will be interesting to witness how segwit plays out and whether any of that would cause any changes in the blocksize usage, either in one direction or another.


Could be very well possible (me talking nonsense), as it just an opinion, based on what I have observed  Smiley

And in my opinion, I am in favor of SegWit and a block increase as well. That doesn't mean I'm correct on that, nor ever did claim so, nor that I like the way how this whole bickering is being played (by whatever side); it's purely based on my own experience from a users interaction (and not a technical one), nothing more and nothing less...  Wink