5 ms·

What’s your opposition to SegWit?

• natch 9y ago
  I can't speak for the user thefalcon you replied to, but most opposition as I understand it comes from the fact that segregated witness makes things more likely to rely on centralized infrastructure, departing from the original vision of bitcoin as a decentralized system that can't be controlled by entities like governments and banks.
  • gruez 9y ago
    >segregated witness makes things more likely to rely on centralized infrastructure elaborate?
  • VMG 9y ago
    > but most opposition as I understand it comes from the fact that segregated witness makes things more likely to rely on centralized infrastructure That simply isn't true. It's just a new transaction format.
• apeace 9y ago
  Can't speak for thefalcon, but implementing Segwit (or any change) as a soft fork creates the possibility of an eventual chain re-org, as well as the possibility for non-upgraded miners to accidentally work on an invalid block. Soft forks have all the difficulties of hard forks (requiring 51% of hashing power to work), with those two additional disadvantages. See this comment: https://news.ycombinator.com/item?id=14866911 https://news.ycombinator.com/item?id=14866911
• thefalcon 9y ago
  I have more of a general aversion to the actions of the (Core) people who support SegWit, including false promises, censorship, and other shenanigans like the 2x trojan horse which we've just seen play out: https://www.reddit.com/r/btc/duplicates/6iecx7/if_segwit_activates_it_will_represent_a_failure/ https://www.reddit.com/r/btc/duplicates/6iecx7/if_segwit_act...