Bitcoin Independence Day: Luke Dashjr On The Lessons From SegWit That We’re Forgetting Today


In a year that has been marked by pontification on what it means to be a “Bitcoin maximalist,” the implosion of numerous centralized “crypto” projects and the excommunication of self-interested Bitcoin influencers, Bitcoin Independence Day is worth celebrating more than ever.

The first Bitcoin Independence Day was slated for August 1, 2017, when Bitcoin users planned to deploy a software upgrade through a user-activated soft fork (UASF) via BIP148, which they hoped would mark a community-based victory in the years-long Blocksize War by activating SegWit. This was a change to Bitcoin’s transaction format that was supported by the Bitcoin community at large, but opposed by some large mining entities and other ecosystem startups that sought instead to impose a hard fork on the protocol to increase the block size limit.

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