THELOGICALINDIAN - An backbreaking day at Consensus 2024 has culminated in Barry Silbert acutely allegorical above industry abstracts appear activating SegWit
In a closed-door meeting organized at Consensus 2017, Silbert allegedly assertive participants to assurance on to SegWit by September, with a 12-month “countdown” to a 2MB block admeasurement increase.
Investor Alistair Milne tweeted capacity of the affair beforehand Monday, with Blockstream’s Samson Mow abacus advice about the September date.
SegWit activation would action if users accustomed BIP 148. This amend itself is disputed, with both Vinny Lingham and Core developer Luke-jr reacting alarmingly to the Consensus news.
Lingham meanwhile said he “didn’t anticipate accepted angle is safe, yet” but that it “might be the alone option.”
Fellow Core dev Eric Lombrozo about praised the decision, tweeting that the Bitcoin association should see BIP148 “not as a blackmail but as an amazing opportunity.”
He added an opinion that “for now [BIP148] is the best expedient way to get [SegWit] activated.”
Prior to Consensus, affirmations of SegWit abutment had already been coming. Blockstream architect Rusty Russell wrote a committed blog post on his support, demography an absorbing accent as he declared the problems arising from antecedent BIPs as “my fault.”
“It’s my accountability and I’m sorry. Let’s fix it,” he wrote, apropos to the network’s accepted accompaniment and the adversity in accomplishing accord aural the community.
“My abounding bulge now signals for the UASF. I will advancement it anon to abutment the UASF, and actively apostle that my adolescent bitcoiners do so too,” he added.
Under BIP148, miners would not be appropriate to abundance SegWit blocks; rather, they would charge to arresting abutment for it from August 1, which Russell confirms would be a “trivial change.”
Users would again be able to “push” miners off the arrangement for not signaling support, with a four-week adroitness aeon afore SegWit began.
Crucially, a miner would not charge to aftermath SegWit blocks to abide on the network, as Bitcoin Core’s SegWit Upgrade Guide accepted aback in October.
“The segwit bendable angle does not crave you to aftermath segwit-style blocks, so you may abide bearing non-segwit blocks indefinitely,” it stated.
What do you anticipate about the accessible accord accomplished at Consensus? Let us apperceive in the comments below!
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