Post
Topic
Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees
by
MartinGandhiKennedy
on 12/10/2017, 01:48:58 UTC

Honest question what do you have against segwit ?

Segwit weakens Bitcoin's security model
https://bitcrust.org/blog-incentive-shift-segwit

Risk of SegWit
https://nchain.com/en/blog/risks-of-segregated-witness-mining-cartels/

Dr. Peter Rizun - SegWit Coins are not Bitcoins - Arnhem 2017
https://www.youtube.com/watch?v=VoFb3mcxluY

Didn't SegWit increase the block capacity?
https://www.bitcoincash.org/
Even if used in 100% of transactions, the increase would equate to 1.7MB blocks. Thus, it is a small capacity increase at best. It will not handle exponential growth or worldwide usage. Second, the soft fork implementation results in discardable signatures, which weakens Bitcoin's security model. Third, it makes future capacity increases more difficult due to bandwidth inefficiency and quadratic hashing attacks which SegWit doesn't solve since an attacker isn't forced to use it.

For those (and other) reasons, Bitcoin Cash was necessary as a pre-SegWit fork. Segwit will not be adopted.


8 times Core told people Segwit is a Blocksize Increase
http://archive.is/6DkOY

Small Blocks Destroy Miner Revenue
https://keepingstock.net/an-open-letter-to-bitcoin-miners-c260467e1f0