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The problem is Bitcoin Core, at least some part of it’s developers, pushing their own agenda to implement SegWit and Lightning network. Both solutions have a lo
by r3demon 9y ago
The problem is Bitcoin Core, at least some part of it’s developers, pushing their own agenda to implement SegWit and Lightning network. Both solutions have a lot of technical debt and possible security problems, they were controversial from the beginning, that’s why miners were refusing to implement SegWit for over a year. Now we have Bitcoin Cash which has solved those problems in a simple way, at least for now. Bitcoin Cash is more like a desperate effort to fix the damage done by Bitcoin Core and make Bitcoin usable again.
- erentz 9y agoStop spreading false information. Segwit is implemented, it’s working. 90% of the miners are working on the Bitcoin chain which has Segwit. One large miner did not support it because the Segwit change also removed a bug in Bitcoin that enabled them to “cheat” with the mining using something they patented called ASICBOOST. They could use it but nobody else could. So they had a perverse incentive to block and delay Segwit and Now to promote BCH.
- slindz 9y agoAnd Segwit did not move the needle at all. The BTC chain is SCREAMING for more transaction capacity and the Blockstream team is popping champaign (sic) that they've introduced a fee system 100 years ahead of schedule. Bitcoin Cash is simply the manifestation of the original vision surviving a hostile takeover attempt. How anybody can defend a crypto scaling plan introduced by a Bilderberg Group/AXA funded team is beyond me.