Post
Topic
Board Bitcoin Discussion
Re: The SegWit activation was a joke?
by
Ucy
on 26/08/2017, 22:24:41 UTC
It has almost nothing to do with bitcoin cash. Segwit activation is the first step towards adding new features to bitcoin - it doesn't magically speed up all transactions just by being activated. Next all exchanges, wallets and service need to start using segwit transactions for it to actually ease pressure on fees and block sizes. So far only very few segwit transactions have been made as most transactions are still normal transactions and they do not get faster or cheaper just because segwit is activated.

On the other hand what you're currently seeing with fees going up and transactions being delayed is a concerted spam effort coordinated by people trying to make it look like the bitcoin blockchain is congested and needs a controversial 2x upgrade in November which is being pushed by the NYA miners when most of the userbase and developers are against it and will not agree to their threats. It's artificial and does not represent the real economy situation.
This totally makes sense sir! Desperados are trying hard to hijack the whole thing. I seriously doubt money is the cause of their desperation.

Maybe next quick solution should be making Bitcoin resistant to spam attack. it's so far their only way to harm the Network.

Good night good people!