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RE: BIP91 Has Locked In! UASF is Dead. Could Bitcoin Hit New ATH?

in #bitcoin7 years ago

This very good news indeed , i can only hope that this the solution to all the fee market issues and use cases that were mad obsolete or unprofitable by the big fees become possible

Just imagine the boost it will give bitcoin , if micropayments , like the ones for game items or similar applications become feasible again

I hope this is just the beggining and more changes are made so bitcoin can scale even more

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Micropayments with segwit are a no-go until Lightning Network is done and that is pure speculation at this point. Big Blockers fork off on Aug 1 and will likely take at least 50% hashpower with them. Right now, actual bitcoin users are overwhelmingly in favor of big blocks over segwit: https://vote.bitcoin.com/arguments/the-bitcoin-abc-client-and-big-block-fork-bitcoincash-is-a-better-roadmap-than-both-segwit-and-segwit2x

With larger blocks micropayments could perfectly fit in the blocks and be feasible , Satoshi conceived this as one of the uses of the network , right built-in , without the need for side-chains and thirdparty solution

All those things can be achieved on-chain.

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