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Segwit2x Explained by boxmining

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· @boxmining ·
$13.31
Segwit2x Explained
The Upcoming Hardfork "Segwit2x" will split Bitcoin into two coins. Unlike previous forks, this fork is highly contentious, and both of the new coins want to be called "Bitcoin". In this video I'll explain the why we have Segwit 2x and the deeper argument

https://youtu.be/T4LGVcaDmGY

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vote details (133)
@braindizzle · (edited)
Segwit alone is not a solution. Segwit + Lightning isn't even a solution on their own. Larger blocks will be required, may as well increase them now since the network is already strained, high fees demonstrate that very clearly. What's extremely unsettling is that hardly anyone manages to understand these requirements. 

Another thing I don't understand is why Core doesn't handle the hard fork. Most of the whining about Segwit2x is about control over the network; why doesn't Core maintain control WHILE expanding the block size, which is absolutely in the best interest of the network. The ridiculous aspect of all this is that a 1 to 2 MB block size change won't even alleviate Bitcoin's problems, it's too little too late. Core should be putting out a block size increase from 1 MB to 8 MB, Segwit2x wouldn't even need to happen and Bitcoin Cash would be rendered completely pointless. Keep in mind: anything even CLOSE to mainstream adoption would require 100MB blocks or larger, on top of Lightning. Shrieking about a 1 to 2 MB change shows an extreme ignorance about future requirements. The bottom line is that Bitcoin will either not be as decentralized as hyperventilating purists want it to be, or it will fade into irrelevance as it continues to be a piss-poor payment network nobody can actually use on a day-to-day basis.
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@crypto-nyte ·
Just gotta get to December
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@darsico ·
$0.46
Will the real Bitcoin please stand up :) lol
👍  ,
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vote details (2)
@mejustandrew ·
Funny there :))
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@ponts ·
BCH!
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@jjcali ·
$0.04
Thanks. Great chart showing the relationship between BTC ant BCH mining. That was very interesting. Is possible to the a site where this information is available? Very helpful!!!!!
👍  
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vote details (1)
@keronzi9 ·
Dont miss this one, its now or never.
https://steemit.com/goldreward/@keronzi9/goldreward-pre-sale-ended-its-now-or-never
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@lifecruiser ·
This was much detailed and necessary information. Anyone hodling BTG ?
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@mejustandrew ·
I don't think BTG really exists right now. It does not seem to have a market cap...
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@erodriguezc11 ·
$0.07
The team behind the fork is supposedly mining BTG until November 1st, after that they would release the tokens, it's around $100 now, it might be downer when that happens.
👍  
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vote details (1)
@marketanalysis ·
I will be happy when its over...but i bet there will be another one right after..its getting a little insane!
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@mrkstn1 ·
Ha its about as clear as mud....... But I did get a lot out of that video and I thank you for that......I'm sure we will all be scratching our heads in a couple weeks wondering which end is up.....
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@screenname ·
Re: Segwit2x Explained
<p>This post has been ranked within the top 80 most undervalued posts in the first half of Oct 29. We estimate that this post is undervalued by $8.93 as compared to a scenario in which every voter had an equal say.</p> 
<p>See the full rankings and details in <a href="https://steemit.com/curation/@screenname/the-daily-tribune-most-undervalued-posts-of-oct-29---part-i">The Daily Tribune: Oct 29 - Part I</a>. You can also read about some of our methodology, data analysis and technical details in <a href="https://steemit.com/curation/@screenname/introducing-the-daily-tribune-most-undervalued-posts-of-nov-04---part-i">our initial post</a>.</p>
<p>If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.</p>
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@tasperry ·
I think bitcoin core will not work for corporates.
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