That could be part, at least subconsciously. No one likes being wrong, or losing some reputation.
What's the deal with lightning and the witness discount? Someone said somewhere that lightning needs it, but I'm not nearly techy enough to know the truth of it.
Replies (4)
No one *needs* the witness discount, they would just pay the same as for non-witness data. And the block size would be reduced back to 1MB.
The reason it was introduced was to get an effective block size increase and incentivize utxo consolidation - which turned out to be completely wrong. The utxo set exploded instead. Oops.
Wait till you find out that BCH split over SegWit (first) and not just 'a' blocksize increase (second) that could have come later.
BCH came to be because some Bitcoiners believed SegWit to be ugly code and introduce technical debt/unintended consequences. Were it not for SegWit, no split would have occured and a likely scenario with overwhelming support ciuld have been Adam Back's 2 (now) - 4 - 8 proposal.
But no, Core wanted to push SegWit above all which made the BCH fork inevitable to preserve a pristine state of Bitcoin.
History always gets written by the victors and in this case it was the big CEX that handed the BTC ticker to Core.
Could it be a coincidence that the biggest profiteers of an overly limited Bitcoin chain have been CEX/custodians now being huge multi billion companies?
That's a lot to process. What was Back's 2-4-8 proposal?
