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Not really a "civil war"-- basically, bitcoin will keep working, even without the segwit upgrade if it gets delayed another year or two, and there might be some

Not really a "civil war"-- basically, bitcoin will keep working, even without the segwit upgrade if it gets delayed another year or two, and there might be some new altcoins that could be spun off from the current bitcoin, and there might be some brand confusion for a while as people wonder whether something incompatible with the bitcoin network is still bitcoin. Here is some background: http://www.coindesk.com/bitcoins-segwit2x-scaling-proposal-core-developers-react/ http://www.coindesk.com/bitcoins-segwit2x-scaling-proposal-c... https://medium.com/@jimmysong/segwit2x-what-you-need-to-know-b747e6326266 https://medium.com/@jimmysong/segwit2x-what-you-need-to-know... https://bitcoinmagazine.com/articles/major-exchanges-will-consider-bitcoin-unlimited-new-asset/ https://bitcoinmagazine.com/articles/major-exchanges-will-co... https://bitcoinmagazine.com/articles/countdown-segwit-these-are-dates-keep-eye/ https://bitcoinmagazine.com/articles/countdown-segwit-these-... https://news.ycombinator.com/item?id=14758587 https://news.ycombinator.com/item?id=14758587 https://www.reddit.com/r/sound8bits/comments/5xre70/the_origins_of_the_modern_blocksize_debate/ https://www.reddit.com/r/sound8bits/comments/5xre70/the_orig... https://www.reddit.com/r/Bitcoin/comments/6mz19j/potential_network_disruption/dk5pftg/ https://www.reddit.com/r/Bitcoin/comments/6mz19j/potential_n... https://www.reddit.com/r/Bitcoin/comments/6mgecw/frankensegwit8x_testnet_irrecoverably_forks_a/ https://www.reddit.com/r/Bitcoin/comments/6mgecw/frankensegw... https://bitcoinmagazine.com/articles/bitcoin-unlimited-miners-may-be-preparing-51-attack-bitcoin/ https://bitcoinmagazine.com/articles/bitcoin-unlimited-miner... or https://medium.com/@WhalePanda/verified-chatlogs-why-jihan-and-jiang-want-to-block-segwit-at-all-cost-bbf068c5ce0f https://medium.com/@WhalePanda/verified-chatlogs-why-jihan-a... how about some peer review yo, https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-July/014709.html https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017... and https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-July/014710.html https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017...

wyager 9y ago
To be specific, fully 88%(!) of miners are actively signaling support for the upgrade plan known as "segwit2x".[1] The contention was between whether Bitcoin should scale via block growth or via a different transaction serialization format that allowed for more transactions and also opens the door for certain forms of off-chain transaction. Segwit2x does both: it doubles the block size, and introduces the new transaction serialization format. This should result in an immediate transaction capacity increase of at least ~3x. On top of this, the new transaction serialization format allows for technologies such as the in-progress "lightning network", which allows for very very substantial transaction volume off-blockchain. (Think on the order of thousands of times higher volume at the very least. Probably on the order of millions is attainable.) [1] https://coin.dance/blocks https://coin.dance/blocks
- kanzure 9y ago
  > To be specific, fully 88%(!) of miners are actively signaling support for the upgrade plan known as "segwit2x".[1] Unfortunately, signaling is more like a bumper sticker you slap on your blocks. The rules you deploy and actively use don't really have to conform to what values you place in the blockheader. It's supposedly a way to communicate your intentions regarding your future enforcement of certain rules... https://www.reddit.com/r/Bitcoin/comments/6ns1o6/antpool_just_minded_their_first_bip91_block/dkbuetx/ https://www.reddit.com/r/Bitcoin/comments/6ns1o6/antpool_jus... https://www.reddit.com/r/Bitcoin/comments/6ntfhd/superb_segwit_uasf_bip148_segwit2x_bitcoinabc/dkc1al5/ https://www.reddit.com/r/Bitcoin/comments/6ntfhd/superb_segw...
  - kbaker 9y ago
    Because btc1 is not released yet. Once it is, start expecting the real blocks to be mined.

wyager 9y ago

To be specific, fully 88%(!) of miners are actively signaling support for the upgrade plan known as "segwit2x".[1] The contention was between whether Bitcoin should scale via block growth or via a different transaction serialization format that allowed for more transactions and also opens the door for certain forms of off-chain transaction. Segwit2x does both: it doubles the block size, and introduces the new transaction serialization format. This should result in an immediate transaction capacity increase of at least ~3x. On top of this, the new transaction serialization format allows for technologies such as the in-progress "lightning network", which allows for very very substantial transaction volume off-blockchain. (Think on the order of thousands of times higher volume at the very least. Probably on the order of millions is attainable.) [1] https://coin.dance/blocks https://coin.dance/blocks

kanzure 9y ago
> To be specific, fully 88%(!) of miners are actively signaling support for the upgrade plan known as "segwit2x".[1] Unfortunately, signaling is more like a bumper sticker you slap on your blocks. The rules you deploy and actively use don't really have to conform to what values you place in the blockheader. It's supposedly a way to communicate your intentions regarding your future enforcement of certain rules... https://www.reddit.com/r/Bitcoin/comments/6ns1o6/antpool_just_minded_their_first_bip91_block/dkbuetx/ https://www.reddit.com/r/Bitcoin/comments/6ns1o6/antpool_jus... https://www.reddit.com/r/Bitcoin/comments/6ntfhd/superb_segwit_uasf_bip148_segwit2x_bitcoinabc/dkc1al5/ https://www.reddit.com/r/Bitcoin/comments/6ntfhd/superb_segw...
- kbaker 9y ago
  Because btc1 is not released yet. Once it is, start expecting the real blocks to be mined.