On Mon, Dec 21, 2015 at 4:33 AM, Pieter Wuille via bitcoin-dev < bitcoin-dev@lists.linuxfoundation.org> wrote:
> On Tue, Dec 8, 2015 at 6:07 AM, Wladimir J. van der Laan wrote: > > On Mon, Dec 07, 2015 at 10:02:17PM +0000, Gregory Maxwell via > bitcoin-dev wrote: > >> TL;DR: I propose we work immediately towards the segwit 4MB block > >> soft-fork which increases capacity and scalability, and recent speedups > >> and incoming relay improvements make segwit a reasonable risk. BIP9 > >> and segwit will also make further improvements easier and faster to > >> deploy. We’ll continue to set the stage for non-bandwidth-increase-based > >> scaling, while building additional tools that would make bandwidth > >> increases safer long term. Further work will prepare Bitcoin for further > >> increases, which will become possible when justified, while also > providing > >> the groundwork to make them justifiable. > > > > Sounds good to me. > > Better late than never, let me comment on why I believe pursuing this plan > is important. > > For months, the block size debate, and the apparent need for agreement on > a hardfork has distracted from needed engineering work, fed the external > impression that nothing is being done, and generally created a toxic > environment to work in. It has affected my own productivity and health, and > I do not think I am alone. > > I believe that soft-fork segwit can help us out of this deadlock and get > us going again. It does not require the pervasive assumption that the > entire world will simultaneously switch to new consensus rules like a > hardfork does, while at the same time: > * Give a short-term capacity bump > * Show the world that scalability is being worked on > * Actually improve scalability (as opposed to just scale) by reducing > bandwidth/storage and indirectly improving the effectiveness of systems > like Lightning. > * Solve several unrelated problems at the same time (fraud proofs, script > extensibility, malleability, ...). > > So I'd like to ask the community that we work towards this plan, as it > allows to make progress without being forced to make a possibly divisive > choice for one hardfork or another yet. > Thank you for saying this. I also think the plan is solid and delivers multiple benefits without being contentious. The number of wins are so numerous, it's frankly a no-brainer. I guess the next step for segwit is a BIP and deployment on a testnet?
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