SEGWIT FORK DRAMA CONFUSION
I'm getting a little tired of all this segwit fork talk and drama. Spoons, forks, plates, and all types of tableware. Can we get back to the Mega Bull run?
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Bitcoin needs to Safe all the Drama for the babies Mama.. lol
hope the market not going crazy after the decision
Doesnt really require drama for the babies mama bro.
lol heard what McAfree said??...
Segwit fork is just a bit confusing in general. I'm also just looking forward to having a drama free rising market.
76% of miners now support it which means we are moving towards a hard fork. That being said it wont be for sure till August 1st. Expect a good bit of drama in the market and maybe a huge sell off in bitcoin as we get closer to this mark. Of course their will be people who hold that just don't know or believe they will be safe. Stay tuned for some serious swings here
That's a lot more than a 40% figure I heard before but apparently in order to avoid a split in the block chain the hard fork has to be deployed across all nodes at the exact same time - which is pretty much impossible. Mm
The entire segwit situation is just....so old by now, so many people are confused, and its just causing the market to swing violently in all directions
does anyone have a time machine that can take me to august 2nd?
I wouldn't mind a bull run.
Only a matter of time.....
from giphy.com
...and it happened today. Wow, wasn't expecting so soon!
Yeah me too. SegWit is not a blocksize increase and has a plethora of problems of its own.
In short, SegWit can flip the incentives for some (bandwidth restricted) miners such that they benefit from not downloading or verifying the transaction signatures. For a user, this causes a SegWit transaction to be less secure than a non-segwit one. A non-SegWit transaction is secure with the assumption that no attack is able to obtain more than 51% of the network hashrate. With SegWit, this becomes 51% - (percent of miners with flipped incentives).
If 20% of miners end up in a situation where they are not downloading signatures because it is more profitable for them not to, a 31% miner can attack the network effectively. Security becomes 51% - X.
The bigger problem is that it is very hard to estimate the proportion of miners with this flip in incentives before their portion grows too large and an attack occurs. This basically means that SegWit transactions will always be less secure than normal Bitcoin P2PKH transactions. Even if just by the smallest bit, this is what fundamentally breaks the fungibility of Bitcoin.
https://steemit.com/bitcoin/@kyle.anderson/fork-christ-s-sake-bitcoin-is-going-to-fork-is-segwit-bitcoin-whose-side-should-i-be-on
Mega Bull run - yes we are getting back to it ...
I'm glad I did some shopping for my favorite crypto coins and I do expect 3x return ( at least )
Waiting for McAfee to eat your dick.
bro what are the chances of btc price up or down from now???