Post
Topic
Board Development & Technical Discussion
Re: Is POW systematically doomed to get a huge monster in its midst?
by
Wind_FURY
on 01/07/2018, 05:25:15 UTC
But I am confident the Bitcoin Core protocol will be followed by the economic majority and by most of the miners.

Confident enough to hodl your BTC in Core addresses that begin with 3 instead of Satoshi legacy addresses that begin with 1?

You have asked me many questions and I have graciously replied to many of them. I have now asked you only one question. Will you reply?

Yes, I use Bech32 addresses for my main storage, and I also use Segwit addresses that start with a "3" for others. I believe many people are too.



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Anunymint raises some good points. I am guessing similar to Peter Rizun. It points out a potential attack vector on segwit coins.

Dr. Peter Rizun - SegWit Coins are not Bitcoins

The video is worth watching even if you believe Segwit posses no risk.

https://www.youtube.com/watch?v=VoFb3mcxluY

Rick Falkvinge has also made a video that said "Segwit can be reversed", which is impossible because there are 80% of total nodes that are Segwit compatible and accept Segwit blocks. If there was an attack to reverse Segwit, the network will hard fork and the chain will split into two. The main chain will behave like nothing has happened while the forked chain will reverse Segwit.

But good luck in convincing everyone to use the forked chain.

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Gregory Maxwell is a liar:

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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- gmaxwell

Ok. I respect your opinion.