Post
Topic
Board Bitcoin Discussion
Re: Activation of segwit via BIP141 = $10,000 overnight
by
BillyBobZorton
on 09/07/2017, 15:18:44 UTC
If miners stop playing stupid games and really want the best for bitcoin, they would stop stomping on the hardfork drums of war, and they would activate BIP141 as they have been told by everyone worth listening to in the space. But what happens when you give stupid janitors the ability to vote on engineering matters? that they will don't do the right thing.

Enable segwit with no stupid hardfork drama, and see bitcoin skyrocket.

Break bitcoin in half, see the price crash, and see everyone involved in the forked chain going bankrupt, with the price going to 0 on Forkcoin, and with Bitcoin crashing but going back 3 years in price and taking another 3 years to recover.

Your choice.

Not really sure that I can agree with you. I will agree with the point that we should all get a long and not threaten the existence of BTC but to call the miners "janitors" that should just listen to everyone worth listening to is a bit wrong. If we'd always listen to the people worth listening to I'd guess we'd be way further back in our development as a human race. Sometimes the "simple" people can come with ideas that will be revolutionary.

I'm pro segwit and would prefer if everyone could get a long and agree on certain points but without anyonce questioning and raising concerns we'd be doomed.

The "simple" people are irrelevant in decentralized development if they are just "ideas man" that cannot get anything actually coded. Sure some people have no coding experience and are bright in game theory, have a good sense of intuition and are worth listening to, BUT ultimately the engineers are the ones that put the ideas into code. Miners don't even have any ideas that could translate well into code. What we are seeing is a fight for power, they do not care about scaling. They only want power, and they hate Core devs because they are the smart guys that actually get code done, and code that doesn't crash.

There's also the possibility the big miners are working with governments to kill bitcoin and they are benefiting from the damage.