Published On: Tue, May 23rd, 2017

Consensus Bombshell Sees Bitcoin SegWit Slated For September

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An exhausting day at Consensus 2017 has culminated in Barry Silbert seemingly guiding major industry figures towards activating SegWit.
Silbert’s SegWit Scheme Pays Off?
In a closed-door meeting organized at Consensus 2017, Silbert allegedly convinced participants to sign on to SegWit by September, with a 12-month “countdown” to a 2MB block size increase.
Investor Alistair Milne tweeted details of the meeting earlier Monday, with Blockstream’s Samson Mow adding information about the September date.

I do not have any insider info, but here is what I think happened today at Consensus which may conclude the Bitcoin scaling debate (for now) pic.twitter.com/6JD2utJ3zB
— Alistair Milne (@alistairmilne) May 22, 2017

SegWit activation would occur if users accepted BIP 148. This update itself is disputed, with both Vinny Lingham and Core developer Luke-jr reacting critically to the Consensus news.

@Excellion What happens when they realise their (incompatible) “Segwit” part of the plan will itself take more than a year?
— Luke Dashjr (@LukeDashjr) May 22, 2017

Lingham meanwhile said he “didn’t think current proposal is safe, yet” but that it “might be the only option.”
Fellow Core dev Eric Lombrozo nevertheless praised the …

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