Quote from: franky1 on August 07, 2019, 09:00:59 AM

Quote from: ETFbitcoin on August 06, 2019, 06:41:18 PM

Quote from: franky1 on August 04, 2019, 09:51:51 PM

but concentrating just on segwit.. lets list what segwit promised and if it has/hasnt achieved it
1. better transaction capacity: no
   bytes per transaction has got worse since segwit.
   segwit is actually more bloaty.
   even with a 1.3x byte growth compared to ~2015 stats the tx count has not risen by 1.3x

But the reality says otherwise due to max. block size change from 1MB to 4.000.000 weight unit and SegWit have lower transaction weight size.

dang you really are believing the propaganda.
segwit does not have lower transaction BYTE hard drive storage size. it has UNCOUNTED size which they refer to as Virtual byte. these virtual bytes are used to make all the weight of a block appear as 1mb to not break the now outdated1mb rule

but when it comes to WEIGHT which does account for actual bytes. segwit tx actually uses more bytes compared to a legacy tx of same input/output count

maybe best to learn about segwit and how it mis-counts bytes

I didn't say SegWit transaction have smaller size in byte and i know the fact SegWit transaction have bigger size in byte, what i said are :
1. SegWit transaction have far lower weight size
2. SegWit indirectly allow higher TPS because max. block size changed from 1MB to 4 million weight unit

Quote from: franky1 on August 07, 2019, 09:00:59 AM

Quote from: ETFbitcoin on August 06, 2019, 06:41:18 PM

Quote from: franky1 on August 04, 2019, 09:51:51 PM

2. fee efficiency: no
fee's in 2015 where pennies with a top price of 25cents before users complained. fees now are more by averaging 25c

And without SegWit and SegWit adaption, it'd be worse since less transaction would fit info a block which would increase avg transaction fees.

Besides, using cents rather than satoshi makes your comparison useless because because Bitcoin price in 2019 is higher than 2015

same could be said about the other way, using satoshi's instead of cents. less people are transacting as often because the cost is so high

Fair point, but the fact average transaction fees would be higher without SegWit remains true

Quote from: franky1 on August 07, 2019, 09:00:59 AM

the grand debate of bitcoins purpose WAS about a open currency without borders. yet the tx fee of bitcoin has ruled out utility to many countries of unbanked people

I agree with your opinion, but few people also argue that's the cost of decentralization.