Post
Topic
Board Bitcoin Discussion
Re: 100,000+ BTC moved into segwit addresses
by
pooya87
on 06/12/2018, 02:10:47 UTC
it could be said that whales trust segwit, or at least some whales do.

that is a very silly way of thinking in my opinion.
SegWit is either safe or not. there is no middle ground and people shouldn't look to others (specially whales who only care about making money) to decide.
not to mention that if there was any kind of vulnerability in SegWit it would have been already exploited! it has been 1.5 years already.

this in my opinion is someone who has been either waiting for forks to finish so that he can claim them (since many of them didn't support SegWit) or he upgraded his wallet to something that supports Bech32 recently and is taking advantage of the fact that fees are currently low. (never mind, the fees aren't low Tongue)

Well, im not claiming there is a hidden exploit lurking in the shadows ready to be exploited as Craig Wright claims, which I think it's just another way to try to suppress the price so he can pump his BSV scam. Im just referring to the game theoretical situation argued by some in which miners cartel up to steal segwit funds, which im skeptic about.

Bitcoin is all about skin in the game. The way I see it is huge amounts of coins moving into segwit means that there is trust to it being safe.

i didn't say it is your claim, that way of thinking is a silly way that has existed before SegWit even started and it is true but not possible! basically it is an FUD that was designed to prevent SegWit activation. it is true that miners can decide to steal SegWit outputs but in order to do that they have to fork bitcoin and be on a new/different chain which the rest of the network will never follow! and also this possibility is true about all other outputs when a fork is the first step. so it is not even SegWit related.