Post
Topic
Board Bitcoin Discussion
Re: Fees have been low after Segwit's growing adoption. Thanks Segwit.
by
buwaytress
on 26/08/2018, 09:31:04 UTC
It really surprises me how many people and services are still not using Segwit though.
Now, these last couple of months, the percentage of Segwit transactions has steadily risen to just under 50%, but that can still be much better.

I agree, but I think part of the problem is that a lot of people are still using services that haven't upgraded their wallets. I decline to say wallets because although the users probably think they're using wallets... they're really just using website services and all users are on a handful of wallets with private keys all controlled by site owners.

One of my favourite sites is still non-SW, I've asked them about it and apparently, the reconsolidation of everything is just too difficult for 1 guy to do. I suppose it would be painful, and I even said doing it now with low fees is probably the best time. So they're happy to stick with charging higher fees and their users still don't mind. Same as my employers whom I've tried to convince. I guess the inconvenience is simply too great.

If I didn't have to rely on a few services for so long, I'd have moved 100% myself as it's practically hassle-free for me, Electrum upgrades, I sent everything I had from old to new. But still have to keep old wallet for people who can't send to bech32.