Blockstream’s Russell: ‘I Support UASF, SegWit, It’s My Fault’
Blockstream engineer Rusty Russell has publicly stated his support for SegWit via a user-activated soft fork (UASF), saying the current scaling impasse is “his fault.” In a Medium post published Saturday, the Bitcoin Core contributor said he had not foreseen miner reactions while developing BIP-8. “I chose the state machine to timeout activation after one year,” he wrote. “I figured it was a useful checkpoint in case an updated proposal had a flaw, or (more likely!) someone came up with a far better idea. This way, miners could kill it without forcing everyone to upgrade. […] I hadn’t....
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Bitfury is reported is to have mined a block supporting the BIP 148 proposal, effectively signalling a user-activated softfork (UASF) for SegWit. As the debate surrounding bitcoin’s block size continues, many are moving in various directions supporting the one they believe holds the answer to bitcoin’s future scaling. Recently, Bitcoin Unlimited (BU), had around 40 percent support despite reports saying that BU is controversial, splitting the community in two with those for and against it. A few weeks ago, though, an alias named Shaolin Fry introduced the idea of SegWit UASF, which would....
Litecoin creator Charlie Lee has appealed to the community to push through a user-activated soft fork (UASF). Lee: Alleged Bitmain Interference ‘Sad If True’. Litecoin, which last week came within 5% of the required miner support to activate Segregated Witness (SegWit), appeared to fall short over the weekend, something Lee put down to interference from anti-SegWit parties. “Sad if true,” he commented on Twitter about a suggestion from UASF code creator shaolinfry that Bitmain miner co-founder Jihan Wu was deliberately preventing Litecoin’s SegWit activation. Wu is a vocal opponent of....
Blockstream CEO Adam Back has refuted claims by Swedish Pirate Party founder Rick Falkvinge that the company “has patents in SegWit.” Pirate Party’s Falkvinge: Blockstream SegWit Support Driven By Patents. In a Twitter response Monday, Back stated Blockstream “does not have any patents, patent applications, provisional patent applications, or anything similar, related to segwit.” Falkvinge, who is a staunch supporter of bigger blocks proposed by rival scaling solution campaigners Bitcoin Unlimited, had earlier Monday released a dedicated post on his website arguing Blockstream’s SegWit....
Over the course of the past few months, a bunch of altcoins are jumping on the Segregated Witness (Segwit) bandwagon. Currently, cryptocurrency enthusiasts are focusing in on Litecoin (LTC) markets because the price is pumping as Segwit nears activation on the LTC network. Litecoin Segwit Activation Draws Near. The scaling debate has been ongoing for....
Over the past month, many Bitcoin exchanges, startups and experts weighed in on the debate between Segregated Witness (SegWit) and Bitcoin Unlimited (BU) supporters. The main claim of SegWit supports is that nearly 60 percent of nodes within the Bitcoin network are supporting the activation of SegWit. According to 21 Inc’s Bitnodes, approximately 56 percent of all Bitcoin nodes are in support of Bitcoin Core 0.13.0 and the other two minor updates of Bitcoin Core which includes SegWit support on testnet. What is the debate about exactly? In comparison, BU supporters and developers,....