We´ve been waiting for this to happen for a long time, Coinbase will finally enable SegWit for Bitcoin transactions from and to their platform. That step will not only lead to an improved user experience on their side but as well be a huge benefit for the whole crypto community.
During the big rally in December we experienced an enormous backlog on the mempool and transaction fees, which have been just ridiculously high. That being said, yeah, we are in a bear market right now and the mempool got cleared again. But the next rally will come and we´ll be better prepared to show the masses the huge potential of cryptocurrencies through fast and cheap transactions. All the newcomers who´ll dive into the sphere through coinbase won´t be dissappointed the next time!
Bitcoin got declared as dead multiple times already and it´s the case these days once again. Whatever might happen though, never give up your faith in Bitcoin and cryptocurrency in general, because it doesn´t matter how many times one goes down, it just matters that you get back up on your feet again.
Bitcoin Is Dead, Long Live Bitcoin!
Cryptocurrency Will Change The World We Know, Just Be Patient!
P.s.: Here´s of course a screenshot of the tweet from Coinbase, so you know that it´s really a true story 😉
A Crypto Startup Revolutionizing Steem! |
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A Worldwide Crypto Society! | Awesome Steem Witnesses! |
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 |  @TheCryptoDrive, @Ausbitbank & @TheMarkyMark |
Hmm, very interesting. Hopefully this will give it a boost!
It´s definitely a good thing for the whole crypto community as we won´t have too many transfers stuck in the mempool anymore in the future.
At least they're giving an announcement this time....sort of...
They actually made some announcements along the road. Personally I think it was just fine what they´ve done now.
Many want to put a fork in BTC....the reality is there are a lot of really smart people working on that blockchain. They will figure it out. So will the people on ETH.
Now do these blockchains compare to what is going on with STEEM? I do not believe so. STEEM has 60K daily active users who are provided with real world applications. That is a major difference.
That said, do not count BTC out. It is not my largest holding (I think it is my 4th or 5th at this point), but I do hodl some because I am confident the people on there will get it working.
Plus, I am hoping that McAfee is correct for two reasons: I would love $1M BTC and I really dont want to see him eat himself on TV.
Steem and BTC are definitely some really different assets. They can´t be compared after all in my opinion as they are meant to serve a different purpose.
Anyways Steem is definitely my biggest holding and I won´t change that at any time :)
(I actually hope on $1M per BTC as well due to the same reasons you are :D )
I agree @steembusiness.
There is no reason to not have STEEM as one's largest holding. It is the one, that I can see, at this point, which has the most potential. The fact there are real world applications available is really a game changer to me. Being so early in this process means that many tokens are based upon plans. STEEM is actually doing it.
That is the major difference I see in this blockchain and many others out there.
Finally. Now we can say goodbye to those insane transaction fees that disturb the mempool.
Exactly, we´ll be ready for the next run of the masses. We´ll be able to show them how amazing cryptos are :)
Eh, I don't trust them. They release news and implement features in the order that makes them the most money, not what is best for the platform. This is good for bitcoin, but I believe coinbase overall is bad for it. I won't shill, but I will say that their are similar services available.
So why is coinbase exactly a bad thing? It´s of course a company looking for profits but it´s used as the easy entry to crypto by millions.
Thanks for asking, dawg.
Bcash, the implementation of it on coinbase, was a disaster, and an embarrassment to the community as a whole.
Rather than working to bring their fees down, they implemented a new coin.
Rather than caring about the ecosystem overall, they saw weakness in the network and capitalized.
I guess I can't blame them for making money, but I want to use an exchange that is at the front of technological understanding, not coin-hype and profit.
Also, Bcrash is a scam, and I bet I don't have to tell you why I believe that.
Good info shared... thanks for these updates
Thanks for the information
I've been wondering if Coinbase was ever going to begin using the new type of wallet. With the amount of fees they charge....I was beginning to go to other exchanges. This was a good post with some thought behind it. I think I will follow you.
P.S.
BITCOIN ain't dead..just flushing out the FUD. With this many people and the hype it brought. The coin value will rise again. Just not now. LOL!!!
Long live Bitcoin, that´s all I gotta say ;)
This is so encouraging,it doesnt matter how many times you go down it just matters how many times you get back on your feet again.Bitcoin will recover with time
Bitcoin won´t just recover, it´ll reach new highs eventually and surprise everyone who doesn´t believe in it.
Seems like a legit move.
Looks like the perfect storm.
There is always a small trade-off, but overall, it is a more than welcome change.
Thank you for sharing bro.
https://steemit.com/@keivincabreros
This will help the expansion of Segwit and boost Bitcoin.
So buy bitcoin? Quick bank account, go up 20k so I can buy!
It´s always up to you whether you buy something or not :P
I know haha, just playing around, it seems like a good time to me, sad I missed 6k