Post
Topic
Board Development & Technical Discussion
Re: Why do people hate segwit so much?
by
nullius
on 04/12/2017, 19:21:12 UTC
People would say a lot many things about it but so far what I have learned about segwit2x

Are you talking about Segwit, or the attempted hostile takeover misleadingly called “Segwit2X”?  I have seen this error pop up a few times on this thread.  So-called “Segwit2X” has nothing to do with Segwit, except as a cheap propaganda ploy.

It is never easy to accept changes . Even though segwit fork was a soft fork on bitcoin which was meant to increase the effeciency of payments and transactions the but bitcoin community did not seem to support the segwit fork .
The core was not ready to change from the orignal version. Also the feature which was restricting from expanding the blockchain made it more reluctant for the people.

Say what?  It was Core who created Segwit.  It was Core who fought an uphill battle to get Segwit activated against the wishes of certain powerful parties.  Core won that battle because, contra what you say, the community did support Segwit.  Thus the power of the threat of UASF (User-Activated Soft Fork), which relied entirely on the support of the Bitcoin community.  When it looked like a showdown was approaching wherein the community would force Segwit to activate, some of the anti-Segwit parties split off and cooked up the “New York Agreement” to save face—and attempt ramming through an absurd blocksize hardfork.

Segwit was opposed by (a) certain particular large miners, who evidence suggests are exploiting covert ASICBOOST; (b) certain particular monied interests who want to either centralize control of Bitcoin, or wreck Bitcoin entirely; and, (c) groupies who lapped up the swill dished out by the first two, because they’re idiots.  Now, these people have their own little playpen which they call “Bitcoin Cash”.  They have no dev team worth speaking of, no technological improvements, and no economic support except for a small number of wealthy backers who prop up the price so they can occasionally pump-and-dump.  It would be funny, if it weren’t so pitiful; and it would be sad, if it weren’t so disgusting.

Meanwhile, with Segwit, I currently get a 75% discount on fees using real Bitcoin; and I can look forward to all the Segwit-requiring technological improvements which Core and the Lightning devs[1] have in the pipeline.


1. Lightning is not developed by Core, though of course there is some overlap between who is involved with both projects.