Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

I think for bitcoin to grow and the price to grow past 20k the scalability issue need to be fixed. Fees of 700+ sat/B is unsustainable. I don't think that increasing the block size like BCH did is the solution but a hard look at scalability is needed.

Do you think that halving the block size is a solution then?

Problem could be solved if everyone adopts segwit.

Ture or False?

that is a good question. Core claims yes. We have 5% segwit adoption so far. ( heard from Jimmy Song this morning) Anyone care to guess the fees if everyone moved to segwit today. 1) The cost to move. 2) the costs after moving. Any guesses?

I just looked for Electrum wallet and they do not have Segwit support yet.

see here: https://www.reddit.com/r/Electrum/comments/7dku5r/segwit_wallets_and_electrum/

btw.. I would pay to get segwit wallet!