Post-SegWit analysis of some key Bitcoin metrics by daudimitch

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· @daudimitch ·
$1.91
Post-SegWit analysis of some key Bitcoin metrics
Looks like SegWit isn't getting off to the best of start as fees and transaction time go in the wrong direction. _Oh my_, I hope it does not end up messy, we had a good thing going...
![](https://steemitimages.com/DQmbBr2PLGHM3GpbNW5uYwuofc1omFvL4zJHrb9gSfYctqq/image.png)

_This graph should be heading down_

The number of transactions waiting to be confirmed.
![Screenshot (162).png](https://steemitimages.com/DQmZ1wpcuxBa595GRKFY4ZRYjKEb6uKR8BkaYmQCidsP9Sp/Screenshot%20(162).png)

The aggregate size of transaction of transactions waiting to be confirmed 
![Screenshot (163).png](https://steemitimages.com/DQmT2u1JCxRHVuN2WsgHQFsy2QLwVajcJVu1JT8FvaoYi5D/Screenshot%20(163).png)

All these information is available to the public by checking out the link https://blockchain.info/charts

Hopefully as folks get the nodes up-to-date and the exchanges are all settled in, probably we can see these graphs heading in the intended direction.  If we are to give a verdict on SegWit with Bitcoin, then I personally won't give it a passing grade but hopefully things start to go as plan. For now, base on what the graphs are showing, you may want to go with an alternative crypto to do transfer unless you are prepared to pay a high fee and with an extended waiting time to confirm your transaction.

There is an interesting addition to the puzzle that would pose some unique challenges and I await to see how things may play out with regard to the "Block validation"
![Screenshot (164).png](https://steemitimages.com/DQmSc3SuiCFCwMccu9j9dgdygKyy9ZrjS4xzwC2yUtQmuba/Screenshot%20(164).png)

I suspect there could be some frustrating days ahead for customers and exchanges as fees rise and transaction time climb. Certainly there would be a few frustrated traders/ customers sending tickets upon tickets to exchanges asking why their BTC balances aren't showing up.

On a personal note, its exciting reading and learning about this _marvel of system_, like other Sciences I am sure these results are a learning curve for many of these programmers and it shows how unpredictable things can be. I think today may add further fuel to the already speculative environment surrounding Bitcoin as the experts, traders, observers, market makers, loyalist, band-wagonist, anti-bitcoin crowd continue to pontificate on this prodigious advancement within our financial ecosystem.

We await to see how things unfold in the coming days, we hope the graphs start heading in the intended direction and BTC continue to epitomize our right to financial freedom free from the hands of those that has financially crippled so many.
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vote details (12)
@alyssas ·
$0.03
It looks like the bitcoincash people were right - the best solution was big blocks not segwit.
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vote details (6)
@daudimitch ·
The post-segwit is certainly proving that
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@transisto ·
There has been almost no segwit block yet, give a few day for wallets to safely upgrade.
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vote details (1)
@daudimitch ·
Yea, I am planning on giving it a couple days and probably do another post on it.  But from what I am seeing it won't really change the current fees. If you consider the output value of the transaction from the input value of the transaction taking into account additional processing with segwit, I can't see fees going down. Keeping the incentive going to starve off competition from Bitcoin Cash would be a challenge as miners loyalty seem to be where the profit exist. I just checked an I notice that the number of confirm transaction is plateau so hopefully it goes up. So hopefully things pick up but SegWit first impression isn't the best
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