Not a good argument. It's not about finding solutions, it's about agreeing to theses solutions (temporary and permanent). Take for example, segwit 2X fork which almost happened. It was simply an upgrade to 2mb while the lighting network is being worked on. This the community could not agree on. Now Bitcoin fees are extremely high while other blockchains are scaling nicely.
RE: BitMEX dumped their BCH and credited all users!
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BitMEX dumped their BCH and credited all users!
Agreed! It was a huge fight over nothing. Would of been a short term solution till lightening
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It was a huge (and successful) resistance for nothing, I'd say.
With SegWit2X activated, we probably wouldn't have had such congestion issues on the blockchain. Probably the average transaction fees for sending bitcoins would still have been a bit too high for coffee-sized-transactions, but it's a great difference between "high" and "insanely high". Probably there would have been sufficient idle capacity that "stuck transactions" wouldn't have been a problem. There would have been enough on-chain capacity to allow for lightning channels to be established and closed. And the roadmap would still be the same, with Lightning hailed as the scaling solution. Bitcoin would probably have remained strong, dominating the total crypto market cap (today it's below 40%). Had SegWit2X become reality, Bitcoin Cash would have gained much less traction.
Flipsides? I see two:
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well written, good information. I recently posted a reply to someone who was complaining about the slow transaction fees, I asked him for the tx id, and what will i do with it, turns out they had no idea of the existance of the ledger and blockchain.info. I showed the details and the low fee they opted to pay. I didn't get as little as an upvote for providing some insight, but just more complaints about the fees in general. I am definately upvoting people with good information.
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Good points!
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I thought that Segwit 2X had already been passed. The lighting patch is still in test
I blogged about it earlier: https://steemit.com/bitcoin/@doctorvee/successful-lightning-bitcoin-transaction-test
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Segwit was pushed through but segwit 2x was not
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If you're not 100% sure about Segwit2x, I don't understand why you are 100% sure about the misguided conclusions in your original comment.
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Segwit 2x recently just become a failed fork.
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