Segregated Witness proposes to distribute value, but does it really see the value of bitcoin?

In a bid to resolve bitcoin’s underlying scaling issue, different parties have been proposing to scale in different ways. Among these proposals is Bitcoin Core’s Segregated Witness, or SegWit, whose main goal is to send signature data or witnesses off-chain and onto second layers like the Lightning Network or sidechains to fit more transactions into the current 1MB block size.

SegWit will not deliver

Many experts have already poked holes in SegWit’s “unworkable” schemes. Its use of a 1:4 ratio has already been pointed out as a political decision that will bind bitcoin’s trajectory for years regardless of technical factors. From a legal perspective, separating and discarding signature data creates more practical problems in the business world as it would make legal proof significantly more difficult.