Segregated Witness is cool • Gavin Andresen

[kerneldump]

http://gavinandresen.ninja/segregated-witness-is-cool

[LiteCoinGuy]

Pieter Wuille gave a fantastic presentation on “Segregated Witness” in Hong Kong. It’s a great idea, and should be rolled into Bitcoin as soon as safely possible. It is the kind of fundamental idea that will have huge benefits in the future. It also needs a better name (“segregated” has all sorts of negative connotations…).

...

I think it is wise to design for success. Segregated witness is cool, but it isn’t a short-term solution to the problems we’re already seeing as we run into the one-megabyte block size limit.


great progress in bitcoinland. iam optimistic that we will also increase the blocksize.

[stan.distortion]

Pieter Wuille gave a fantastic presentation on “Segregated Witness” in Hong Kong. It’s a great idea, and should be rolled into Bitcoin as soon as safely possible. It is the kind of fundamental idea that will have huge benefits in the future. It also needs a better name (“segregated” has all sorts of negative connotations…).

...

I think it is wise to design for success. Segregated witness is cool, but it isn’t a short-term solution to the problems we’re already seeing as we run into the one-megabyte block size limit.


great progress in bitcoinland. iam optimistic that we will also increase the blocksize.

It's certainly a starting point for a worthwhile improvement and there where other points form the conference that seemed to get an all around thumbs up so maybe there's the beginnings of approval for a hard fork to implement a variety of improvements and provision for more in the future

[BitcoinNewsMagazine]

If you follow the bitcoin-dev mailing list segwit is treated as a done deal, a BIP is expected before the end of the month and after review a soft fork could occur early next year. Appears it will happen, only question is how soon. I wrote up a review at Segregated Witness Propoal - End To The Bitcoin Blocksize Debate that would appeal to the average reader but it still comes off a bit technical, working on that.

[CryptAxe]

Certainly strange that this is moving forward so quickly with none of the controversy that previous suggestions have created...

[BitcoinNewsMagazine]

Certainly strange that this is moving forward so quickly with none of the controversy that previous suggestions have created...

All the devs recognize a great idea when they see one, and no hard fork is required. There does not appear to be a downside to segwit, and it also solves transaction malleability.

[CryptAxe]

Certainly strange that this is moving forward so quickly with none of the controversy that previous suggestions have created...

All the devs recognize a great idea when they see one, and no hard fork is required. There does not appear to be a downside to segwit, and it also solves transaction malleability.

Agree with all of that but the lack of drama is still surprising to me