@cypherdoc
Hello cypherdoc, epic thread you have here!
I thought that SW was optional for non-miners? Non SW transactions they will continue to work just the same as before? Or am I under some misunderstanding.
A wallet developer said that he would use SW transaction if he could, as they would make some of the code more simple. I don't know if that means much.
@satoshis_sockpuppet
Much to think about! I will ask my friends these questions also! But first my response now:
1. SW should be ready by April, where is it and which wallets have implemented it so far?
It isn't, however I cannot know why it is important. I hear it has been working well on the test-networks.
BItcoin is working great from all account. Miners say their blocks are full - but the fees are also small. Nobody in China / HK is complain about the small fees.
2. Why is it rolled out as a soft fork with an unnecessary amount of additional code instead of a hard fork everybody would be ok with?
I think same as my reply to @cypherdoc comment. So only miners need to upgrade. Everyone else can upgrade at any time they wish. Also I hear that it they test SW many times on test networks.
3. Why is it sold as a scaling solution although it doesn't reduce the size of transmitted and stored data at all? (If you get fussy, it adds a few bytes instead..)
I don't understand this question. I will ask my friends.
4. Who the hell thought it would be a good idea to let a central authority decide to give a discount for (complex) SW transactions?
I don't know who this central authority is? Didn't a developer propose it and then the other developers liked it? I don't know how they picked the ratio - but isn't the average case even lower than 2MB; so it should be safer?
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I don't really understand the other half of your post so I don't really know how to comment. There are so many things said about CSW I don't try to make up my mind. I do agree he appears to be crazy tho.
Hello cypherdoc, epic thread you have here!
I thought that SW was optional for non-miners? Non SW transactions they will continue to work just the same as before? Or am I under some misunderstanding.
A wallet developer said that he would use SW transaction if he could, as they would make some of the code more simple. I don't know if that means much.
@satoshis_sockpuppet
Much to think about! I will ask my friends these questions also! But first my response now:
1. SW should be ready by April, where is it and which wallets have implemented it so far?
It isn't, however I cannot know why it is important. I hear it has been working well on the test-networks.
BItcoin is working great from all account. Miners say their blocks are full - but the fees are also small. Nobody in China / HK is complain about the small fees.
2. Why is it rolled out as a soft fork with an unnecessary amount of additional code instead of a hard fork everybody would be ok with?
I think same as my reply to @cypherdoc comment. So only miners need to upgrade. Everyone else can upgrade at any time they wish. Also I hear that it they test SW many times on test networks.
3. Why is it sold as a scaling solution although it doesn't reduce the size of transmitted and stored data at all? (If you get fussy, it adds a few bytes instead..)
I don't understand this question. I will ask my friends.
4. Who the hell thought it would be a good idea to let a central authority decide to give a discount for (complex) SW transactions?
I don't know who this central authority is? Didn't a developer propose it and then the other developers liked it? I don't know how they picked the ratio - but isn't the average case even lower than 2MB; so it should be safer?
--
I don't really understand the other half of your post so I don't really know how to comment. There are so many things said about CSW I don't try to make up my mind. I do agree he appears to be crazy tho.