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RE: Bitcoin price pump year end 2016 - Possible reasons
With Core's SegWit support at 86% of mining blocks and cannot get consensus, it will be less probable for BU to get activated at 12% mining power (https://coin.dance/blocks)
I hope the "Hard Heads" backing BU realize this, and allow Bitcoin to move forward.
If Bitcoin remains successful, scaling will be a never-ending issue. Bigger blocks can come later.
They should have set activation at lower than 95% support, some guidance from Satoshi would be nice but free markets will decide the outcome in the end.
Yes, 95% is way too high a goal, but it would be a definite consensus if achieved.
If not, a new proposal could be made at a lower more realistic threshold.
So if SegWit is not adopted, then what? Back to the drawing board for another year?
Come on!
SegWit must activate at the earliest.
It would be good for EVERYBODY involved.
You are preaching to the choir! Can't understand why Segwit and blocksize can't be increased ASAP. Bitcoiners will be leaving in droves if there is another year of this.