[quote=“HyperScalper, post:4552, topic:35612, full:true”]
BITCOIN SEGWIT AUGUST 1 INFO :
Read this article …[/quote]
That article is excellent. Well written, and very readable. Thanks for posting it, HS.
It should be noted that the article was written a little over three months ago, at which time the SegWit acceptance level was 33.8%. As the deadline approaches (less than a week from now), there has been a surge in acceptance to the 97% (or higher) level.
It appears that this SegWit thing will happen.
If Bitcoin acceptance and volume continue to explode worldwide, one must wonder whether quadrupling the block-size in the blockchain will prove to be a long-term solution. I’m no expert, and I’m not a coder, but I wondered, when first reading about SegWit, Why not a ten-fold increase in the block-size?
For anyone who wants to “watch” Bitcoin traffic in real time, this site is pretty cool –
A couple of nights ago, I let this map run for an hour (from 3am to 4am, EDT), to see which currencies were being converted to Bitcoin. The results were surprising.
Major volume seemed to come out of the USD and the CNY, with lesser volume from ZAR, RUB, BRL, and EUR. The USD volume didn’t surprise me, but the rest of it did. I would have expected volume worldwide to be roughly in proportion to the foreign exchange turnover of world currencies as reported by the Bank for International Settlements (BIS): that is, USD, EUR, JPY, GBP, AUD, CAD, CHF, etc.