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RE: Seg-Wit Is A Trojan Horse - Bitcoin Scaling Debate Explained

in #bitcoin7 years ago

"I think that increasing the block size will increase centralization and thus violate Satoshi's intent."

Then why did he specifically suggest that we do so?

"Segwit is just a malleability fix, it is still fully recorded on the blockchain. "

This is not true. SegWit itself claims that it enables "off-chain transactions". Those violate the definition of Bitcoin. SegWit is not compatible with Bitcoin by definition.

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Then why did he specifically suggest that we do so?

He limited the block size to 1mb in 2010 and knew fully well that a hard-fork will be needed to change it.

This is not true. SegWit itself claims that it enables "off-chain transactions". Those violate the definition of Bitcoin. SegWit is not compatible with Bitcoin by definition.

It enables it. You don't have to use it and can continue doing all your transactions on the blockchain.

Note Satoshi's quote about it being fine to switch to client-only mode and have the nodes "on a server farm". The real Satoshi made exactly the same argument that Craig Wright made last weekend. Hmmm...