Come on let’s be real, Segwit is never going to gain support amongst miners.

1 Bitcoins

Bitcoin News and Search

1 News - 247 News - 247 Bitcoin - 1 Search


Bitcoin on-chain tx's are fast becoming a cash cow for miners. There is no way miners are going to activate Segwit at a 95% threshold to fix malleability so there is direct competition to on chain transactions with LN. To think any different is delusion. Miners are not going to willingly engage to activate a system that directly and immediately reduces their bottom line. Blockstream also wants control of this cash cow. Their entire business model revolves around fixing malleability to create 2nd layer solutions. We users are caught in the middle of this power struggle. We want both. I have no idea how this struggle will be resolved but continue to HODL because at some point there will be some major turbulence but just know Bitcoin will survive and be stronger.

submitted by /u/escapevelo
[link] [comments]


1 Bitcoins

Bitcoin News and Search

1 News - 247 News - 247 Bitcoin - 1 Search


Leave a Reply