Colt

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  1. 44 votes
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    • 7 votes
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        Colt commented  · 

        Do some research first and search the proposed improvements before splitting votes. You want segwit addressing. Segwit wallet addresses allow faster transfers on an updated bitcoin network for next-to-nothing in fees. There is no human involvement necessary in a bitcoin transaction. However, the miners (which are machines) that actually make the funds transfer happen have to prioritize your transaction over the act of mining the algorithm for new Bitcoins that haven’t been awarded yet. The fees they collect make this worth their time. Otherwise they would never make our transactions happen and the whole network would die. Segwit allows them to do this much faster and easier. Therefore the fees are lower. Currently a BTC transfer worth $1,000 USD would cost $25 in fees. The same transfer done from a segwit address to a segwit address would cost $0.55 in fees and be completed much faster. Please search the feature proposal area again and allocate votes to the proposal to implement segwit addresses instead of dividing voters with a new post.

      • 33 votes
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          Colt commented  · 

          Both deposit and withdrawal addresses should support segwit please.

          The fees are ludicrous now that BTC is over $15k USD. I would lose $25 just to transfer .06 BTC (about $1000 USD worth) into my Vaultoro using the original wallet addressing system and a fast confirmation ($21 for a normal speed conf). With Segwit that fee would be $1.05 for the fastest confirmation, and only $0.55 for the normal one. The network would be much healthier and your overhead operating costs would likely decrease from using segwit. they certainly couldn't increase once segwit was implemented.

          Colt supported this idea  · 
        • 39 votes
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            Colt supported this idea  · 
          • 212 votes
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              Colt commented  · 

              Just silver. no platinum or palladium. those are industrial metals that have only recently been considered precious. silver and gold have been precious for millenia. but it would be nice to have that option. I understand from an administrative standpoint, that is huge undertaking for vaultoro. But it would separate you guys from every other service even more than you already are.

              Colt supported this idea  · 
            • 79 votes
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                Colt supported this idea  · 

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