For offline pre-segwit wallets (addresses starting with 1
) what might be the advantages of migrating or not migrating to segwit (addresses starting with 3
)?
Even though segwit miner fees are or will be allegedly lower I didn't find any conclusive data on exactly how much lower they are at the moment, therefore I am assuming that keeping coins in 'legacy' format would still be cheaper in terms of future spending since the miner fee for moving to a segwit address would still be significantly higher than any future potential gains. Is this correct? Would this still be true if the coins are going to be spent e.g. in one year, two, or five?
Among current downsides to migrating to segwit wallets I see incomplete support in existing apps, also eg Mycelium won't work with a ledger nano if it is configured as segwit. This subreddit suggests to go with segwit.
Can segwit be considered ready for use?
bc1..
) is much worse... most wallets and block explorers will not understand these addresses at all. – Jonathan Cross Dec 3 '17 at 20:05m/49'/0'/0'
instead of the default value. – ccpizza Dec 14 '17 at 10:52