Thursday, 24 November 2016

Sooo SegWit is done, the moon is literally within reach, and Roger Ver has cancelled lift off so he can throw a last minute temper tantrum.


WHYYYYY?SegWit should be at 95% right now. This is non-sense. Big blocks is a shitty idea. We all considered it 1 year ago, and decided against it.Did anyone send Roger the memo?XT died, Classic died, and now BU barely has any support. The market doesn't give a shit about big blocks, nor full blocks.. We've been in full rally mode for the last year and a half, breaking new volume highs, all awhile bouncing off the block size limit. However, people are practically crying about 15 cent fees, at the same time the price is near 2 year highs! What gives?All the tools for overcoming the primary sticking points of bitcoin are about to be widely available.Need a high transaction rate?Lightning networks -- Great for decentralized exchanges, Changetip replacement, coinjoin, digital asset markets, gaming/gambing arcades, etc .Want to expedite your on-chain payment?Use RBF or CPFP to jump the spam.Worried about fungibility and being tracked? HI COINBASE!Use CoinjoinTired of ~10 minute confirmations?Lock some coin into LN and spend it instantly.SegWit is ready, wallets are being upgraded, applications are being prototyped, lightning networks are flickering, only piece that's missing, is the miners support.They'll come around once they see the community demanding it. All exchanges, wallets and businesses that rely on large transaction processing, gain a lot by using SegWit transactions, so it's only a matter of time before everyone is ready, and the ball is sitting in the miners court.The next 6 months are going to be exciting.Can you imagine what a LN tipping app will be like? We'll literally be able to throw satoshis at each other, instantly without a trusted 3rd party. It's like @changetip but on steroids. The perfect replacement.Colu looks amazing too. Trustless Asset exchanges. No more Bitfinex hacks!And of course RSK. The Etheruem killer.Happy Thanksgiving /r/bitcoin! via /r/Bitcoin http://bit.ly/2gkpoAA

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