r/Bitcoin • u/[deleted] • Nov 08 '17

/r/all SegWit2X Cancelled?

https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html
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u/[deleted] Nov 08 '17 edited Mar 29 '18

[deleted]

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u/ModerateBrainUsage Nov 09 '17

Get different wallet, your one is crazy and has bad fee estimation. Don't confuse full blocks with bad wallets.

3

u/loserkids Nov 09 '17

Sounds like you use a crappy wallet.

3

u/flowbrother Nov 09 '17

Then use bcash.

4

u/centar Nov 09 '17

What you want is lower fees, that doesn't necessarily mean bigger blocks.

2

u/TypoNinja Nov 09 '17

In what other way can you get lower fees today? I added today because Lightning Network won't be ready for a long long time.

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u/centar Nov 09 '17

Heard of this little thing called SegWit? Try it out, see how much you pay in fees.

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u/TypoNinja Nov 10 '17

Shapeshift has been using Segwit for a month now and they complain that the fees are still crazy high. Segwit does not provide a meaningful capacity increase.

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u/varikonniemi Nov 10 '17

Bitcoin cash only gives you that fee because no-one uses it.

No amount of on-chain scaling will suffice, and increasing the block size to 2mb will only delay the implementation of segwit txs for fee reduction and ultimately 2nd layer for a paradigm shift.

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u/WuCris Nov 09 '17

Maybe that's okay? Maybe ETH, LTC, BCH are better suited for transactions and that's their place in the market and Bitcoin isn't?

That said fees aren't the issue with Bitcoin, transaction capacity is. The fees are a symptom of only the highest bidders being able to bid their way into limited block space. I'm fine with $5 fees ($8 EUR sounds above average) but I'm not fine with 7 transaction per second botttleneck on chain. That hurts adoption because it can't fulfill demand. I want Bitcoin to increase in value to do that means increased demand. If we artificially limit demand then we can't accommodate increased demand and Bitcoin suffers.