Bitcoin Scaling Solution Segwit a “Bait and Switch”, says Roger Ver
At the Blockchain Money Conference in London held yesterday and today, after an enthusiastic presentation on Bitcoin’s benefits, specifically focusing on its ability to increase economic freedom which, according to Roger Ver’s presentation, increases incomes, lowers mortality rates, decreases wars “overall”, among other benefits, Roger stated in response to a question that his biggest disappointment was Core’s take on scalability as it did not “keep up with consumer demand.” Roger stated that he questioned “the morals of the people who have come up with [segwit]” before adding that we....
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The latest debate on Bitcoin scalability had Roger Ver and others arguing about whether SegWit is the right approach to expanding and scaling Bitcoin network. What’s the future of Bitcoin? That’s the question on top of the Bitcoin community members’ minds, especially with the whole scalability discussion still going on. One of the scalability solutions presented by the Bitcoin Core is SegWit. The Segregated Witness soft fork is expected to enable Lightning Network, which is already being worked upon by few developer groups. While some believe that SegWit and Lightning Network will ensure....
Overall, the Bitcoin community seems happy about this development, even though it is not exactly news. An exciting development has taken place in the world of Bitcoin and cryptocurrency. ViaBTC and Roger Ver have seemingly indicated they are not interested in blocking SegWit. This news came as quite a surprise, as the majority of Bitcoiners seemed to think otherwise. This does not mean SegWit will suddenly get activated on the network overnight either, though. To put this “news” into perspective, neither ViaBTC nor Roger Ver has any interest in blocking SegWit. In fact, they made that....
Litecoin seems to be on the path towards adopting Segwit, the proposed soft fork (and malleability solution) by the Bitcoin core development team. But there seems to be confusion among users about what exactly the soft fork is. Since Litecoin is based on the Bitcoin codebase, it also has the choice to adopt Segwit, and founder Charlie Lee believes this....
The code for a long-in-development bitcoin scaling solution could be ready for activation as soon as 15th November. The new software – version 0.13.1 – will include more code for Segregated Witness (SegWit), enabling users (and, perhaps most notably, miners) to begin the upgrade process. The launch will kick off a process by which the extended stakeholders in the distributed network will be asked to signal whether they support SegWit. The news comes from an update on a mailing list for developers working on bitcoin's primary software, Bitcoin Core. There, developer Pieter Wuille posted new....
Coinbase CEO Brian Armstrong is the latest cryptocurrency industry figure to lend support to Segregated Witness, hereinafter SegWit, technology as Bitcoin’s future. In a tweet Thursday, Armstrong stated he thought the technology, which has traditionally struggled to find wider community support, can “help the industry move forward.” Litecoin on board. The comments were made in response to a similar call from Litecoin creator Charlie Lee. Lee described SegWit as “maybe not the full scaling solution you want” but nonetheless doing “a ton of cool stuff.” The scaling debate in Bitcoin circles....