Bitcoin Q&A: SegWit adoption

Then tell me this… why is Nick Szabo against Segwit2x ? For sure he is not a businessman with the self-interest you mentioned. Charlie is also against Segwit2x but lets focus on Szabo. I wanna hear you out

Thanks for the up!
Off topic, the audio sounds like its being recorded on the other end of a phone call, I'm not complaining, I want to know if its the reverb or simply the hardware?

Why you block me on twitter? I love your work @bitdub17

andreas, can you cover other cryptos? cryptos that you are interested in. keep up the good work.

Your books are amazing sir!! I trust my sewer rat over bubbble boy blockchain

developers need to cap the fees and make transfers faster more transparent another fork perhaps with a bigger bank bring on ULTRASEG

Question:
What will happen to bitcoin mining after the last bitcoin is minted (2140?)
Seeing to the fact that no more bitcoins will be produced – what will incentivize the miners?
Why will they continue to mine if they are not earning any bitcoins?
Thanks for your time.

Or start with bc1 ?

Time is the best test

I think you're saying fear of making mistakes is slowing segwit. BTC is a first gen crypto. We've moved on.

Except that protecting the ideology of Bitcoin is acting in accordance with their own self-interest. Putting Bitcoin at "a very distant third" is like saying that these businesses focus on whom they are distributing golden eggs to first, secondly on how they distribute them, and then on whether or not the golden goose is even alive as a very distant third. I'm not saying businesses don't do this (they absolutely do!), I'm just saying that this is mindblowingly short-sighted. It's giving up billions — possibly trillions — to be made over multiple generations, just so they can make a couple extra bucks now and be forgotten tomorrow. I understand the risk associated with implementing something like SegWit; all I'm asking is for Coinbase and other Bitcoin businesses to prioritize their golden goose first. Otherwise, it's guaranteed that Bitcoin will disrupt them into oblivion, the way it has already been disrupting the rest of the financial industry.

Dear Andreas, I was pleasantly surprised this morning when I popped on to Bitcoin Live Trading on youtube (where there is a great community of traders watching Rick's TA charts). And there your voice was! So loud & clear educating us all once again on Rick's channel. This is fantastic that the trader's community is sharing your no nonsense, fact stating points. Where you continue to crush our fears. Reaching this new audiences is great. Keep up the great work!

I personally don't like off chain solutions. However they are best we've got in crypto land and it's better than the current financial system. We need to build a faster network before we can remove off chain solutions so we need to support this if u want blockchain to succeed. Signed, the anonymous coward. Haha.

Just an all around likeable guy

Would it be better to keep your legacy non-segwit bitcoin where it's at until you want to spend it or send it to a segwit address?

Insight from this that I needed to be reminded of:. Big (more centralized) = Slow change, and Small (less centralized) nimble. Thanks!

I agree with all your points, except for the part where you believe that the large players will simply adopt Segwit because the bitcoin ecosystem forces them to. If Bitcoin still had a relative monopoly (like in 2010-13), they could very well roll out something like Segwit which economically disincentivizes businesses, and still expect them to adopt it. But in a world with bitcoin cash, litecoin and other options that are widely available to the crypto ecosystem, it's much less likely that a disincentivizing measure would still be implemented by a purely profit-seeking entity. Unless core goes down another path, market forces will eventually destroy BTC.

"if you expect companies to act angainst their own self-interest to protect the ideology of Bitcoin, you're in for a surprise!"

The hard truth hurts.

I'm perfectly fine with coinbase taking their time but it wasn't but last week that they were talking about not even worrying about it… that was the unprofessional part that disappointed everyone for someone who's such a big player in this space

Email exchanges and ask them to make the switch

It's just like physics, the bigger the player – the higher the inertia.

never enough time to implement the correct solution, always plenty of time to continue supporting the wrong one.

yes but coinbase did not even want to implement segwit at all, from what i gather Brian Armstrong is anti BTC and Bcash fanboys

Myriad (XMY) just activated SegWit a few weeks ago.

I learned a lot here.

Thank you Mr. A.A.

WOW! You are one in 21 million plus all it's forks! Thank you so much! You are "The Bitcoin Guru"!