Post
Topic
Board Bitcoin Discussion
Re: The SegWit activation was a joke?
by
hv_
on 26/08/2017, 15:21:35 UTC
More users using Segwit transactions will be what helps drain the mempool to get the fees down.  This will take some time as exchanges change their wallets to handle segwit (as mentioned in this post previously).  In the meantime BTC should get some more hashpower as some minors switch over to mining BTC from BCH.  BCH is around 2 mins per bock so as I am writing this I see this hashrate starting to change in the next 12 hours.  BCH will have a major difficulty adjustment upward this go around.  I do not see this cycle ending between BTC and BCH for at least a few more weeks.  Well worth the wait though.  Don't panic sell.

Just a friendly reminder: majority of miners never wanted SW, rather bigger blocks.

Not so sure if that speeds up very soon, also when we see the 2x fight against miners on top.

Some miners might just skip all SW TX until NYA 'consensus' is reached. If not, they might play legacy BTC down and Bitcoin Cash wins.