Miner source: SegWit to happen before September
A great news is just awaiting for all Bitcoin lovers including me. As I'm currently holding over 1K BTC, everyday mempool lagging depresses me about Bitcoin's success & gives me tension a lot. Bitcoin has a very bright future which is now being spoiled by its own popularity. Everyday thousands of transactions are being unconfirmed for almost over 72 hours. Yes, block scaling issue is the great problem for Bitcoin's success of all the time.
Today I just found the news on Cointelegraph & feel excited --
Bitcoin Miners Agree in NY on SegWit Activation "Before September": Sources
Yesterday, on May 21 all major Bitcoin miners have arranged a meeting where they have reached an agreement to go for SegWit activation. This meeting was held in the city of New York. It's an undoubtedly a very good start to the important Consensus conference that united important movers and shakers of the crypto industry.
Currently blocks supported by major miners are shown as below on coindance --
SegWit : 34%
Bitcoin Unlimited : 40%
And Nodes run on --
Bitcoin Core (SegWit) : 85%
Bitcoin Unlimited : 9%
Global Bitcoin Political Support & Public Opinion
SegWit : 86%
Bitcoin Unlimited : 26%
It's clear that majority of the Bitcoin users, supporters & investors want to activate SegWit, but, some big Chinese miners i.e. Antpool, ViaBTC, BTC.top, Canoe, GBMiners etc. are against SegWit.
Recently, Litecoin successfully activated SegWit & price has risen from $4 to $30. So, if SegWit activated on Bitcoin then not only the transactions will be faster confirmed but also price will get a big jump.
And, as the other alternative option Bitcoin Unlimited is buggy and is not safe to run Bitcoin network on it, we only have one option SegWit Activation.
According to Charlie Shrem’s messages in the Whalepoolbtc Telegram chat -
“When I have all the details I will tell you, it's still all being processed,” Shrem wrote, adding that he was “bullish” and confirming the news was to do with SegWit.
I think these two message state that there was “big news” coming from the Consensus conference.
Shrem’s optimism relates to a group of Bitcoin businesses, which together with at least Jihan Wu and Barry Silbert, allegedly agreed to enable SegWit “in September 2017.”
According to entrepreneur Alistair Milne, a meeting organized by Silbert at Consensus produced what “may conclude the Bitcoin scaling debate (for now).”
A news from an anonymous source is that "SegWit activation will occur before that date". Core developer Luke-jr has already confirmed that the implementation date would in September this year.
Reference :
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thank you @ahmadhassan.
I wished I had bought more bitcoin. sigh....
yes, buy bitcoins, but, not blindly, not so hurry. Slow & steady always wins the race.
Thanks for posting this royalmacro! This is great info. i hope something positive comes from this.
yes, I wish same ..... thank you @benjojo
wow you have a thousand btc? hats off :)
thank you @mallorcaman :)
I wish I was holding larger amounts of Bitcoin! I'm still waiting on a transaction for SJCX which uses Counterparity that was sent early this month, due to slow confirmations it is still stuck. This would be great news if it really would increase the speed of the payments.
Good news :)
thank you :)
That's insane!!!
ha ha. My all bitcoins are holding in two separate wallets - one is hot wallet which is being used for regular uses. It's public. And another one is cold wallet. It's created on offline & stored in most secured places which has no connection to online. The funds I'm holding in my cold wallet is more than doubled in my hot wallet. This is not public & I do not reveal this address. But, yes I can reveal my hot wallet. It's 1BTyRFatTrSjFk8nE1cxcWeppf73k4SVTL
Holy shit!!! For real bro??
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Fixing the scalability is important, but the fact that just 21 individuals direct the whole bitcoin network is alarming..
you're absolutely right. Bitcoin is a decentralized currency, but, it's becoming now centralized while upgrading its infrastructure
dude follow me i followed you as well