Post
Topic
Board Serious discussion
Re: How to end the "BTC Civil War" before it gets worse?
by
DarkStar_
on 11/01/2018, 21:47:23 UTC
The reason we are in this situation is because the people who claim they are supporting Satoshi vision only care about controlling bitcoin even though they have enough money to simply not care, as soon as BCH came to life, we started to see more useless forks each few weeks. There are a lot of things that currently need development such as Schnorr, TumbleBit, MAST, LN etc. so instead of putting efforts into destroying bitcoin, they could've put their knowledge into something more useful.

If also services such as Coinbase stop saying nonsense like 'our users didn't request SegWit', that would be nice. If they only implement it, It would help the network and also help them save millions of dollars in fees for the long term but they are clearly colluding to bring bitcoin down.

Yeah, the first thing the community should focus on is getting segwit adoption growing...
If everyone started using segwit, the mempool would significantly reduce in size and everyone would benefit from it.

I'm already trying to use my segwit address as much as possible and I definitely notice a difference in how much fees I'm paying.

Schnorr signatures are the next step IMO, together with segwit they would mean a very significant reduction in transaction sizes.
Does anyone know how far along the development of that is? Or where I can follow development?

I'm not quite sure how far along developement is for Schnorr signatures, but I think a much better improvement is the Lightning Network for the long run. Decreases in transaction sizes are good, but it's only a small, temporary solution. Take a closer look into LN if you haven't already, as it's been tested on the testnet for quite some time now, started to be tested on the mainnet, and VPN provider TorGuard[1] started accepting Lightning transactions.

[1] https://twitter.com/TorGuard/status/950383059735646209