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    Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 705060 times)
    Grrizz
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    August 12, 2017, 04:29:44 PM
    Last edit: August 12, 2017, 06:46:57 PM by Grrizz
     #3581

    -snip-

    now can i ask you, is segwit coin really necessary?
     is peter toad smarter than satoshi?
    what side are you on and why?
    thanks m8  Smiley

    IMO what was laid out 9 years ago doesn't have to be the be all and end all of bitcoin, over time, especially in the information sector, things change and grow. Segwit improves apon the origonal code in a way that perhaps Satoshi didn't even think about way back then, it fixes the malleability and quadratic scaling issues, increases transaction throughput and does this without the need of a hardfork. Its not about siding with whos smarter than who, you dont have to pick one team and block everyone else out, even entry level coders can come up with incredibly elegant solutions sometimes just because they aren't locked into the existing status quo.

    None of the current proposals are good long term solutions and maybe bigger blocks will be necessary but its something that is being rushed unnecessarily at the moment. Personally for the main chain I believe that after segwit is activated we should wait and see what affect it has while continuing to work on other solutions like block size increases and other future bug fixes then, when and if it is deemed necessary, roll out as many of these improvemnts as possible in a single hardfork and only after the code has been thoroughly tested and peer reviewed. I dont think hardforking should be something that is taken lightly.

    The beauty of bitcoin is that no one owns it and I can almost guarantee that is why Satoshi has publically dissapeared from the scene because he knows that if he were a public figure his opinion would be the final say on bitcoins future and I believe that in the end that goes against everything that he and bitcoin is about... decentralisation.
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