/biz/ - Business & Finance

>>16424276
ha ha

>>16424295
direct links to what you think is a meltdown?

>>16294335
>>16294949
it's like that with all versions of bitcoin.
1. if you convince the largest miners to not include a transaction spending an UTXO then those assets are frozen.
2. large miners can't hide from police because those data centers are huge. they have to comply.
3. sure smaller miners can include the transaction in their blocks but they will build on a minority chain, which then gets replaced by the longer chain by the larger miners that does not have the transaction included.
4. this means large miners in different countries that don't have to comply with blacklists have a choice to make: either bitcoin splits into several versions in different parts of the world or the longest chain gets frozen UTXOs until they are removed from the blacklist all miners are supposed to follow.

bitcoin has always supported blacklists, nothing is stopping miners from banding together and freezing transactions today. craig is just telling people things they don't know about bitcoin.

>>14700199
i have a video and logic on my side

>>9881606
SegWit at 100% adoption increases fits at most 70% more transactions. Absolute best case scenario and then the blocks take up 4 times more disk space. Current adoption is around 37%.

>>9881680
SegWit is not optional. You are forced to either go along with the changes and implement SegWit support or you are forced to get a broken blockchain without any input signatures.

SegWit adds a ton of complexity that may hurt the protocol in the future but only gives a very minor boost in the present. This concept is called technical debt.