Bitcoin scaling: Looks like all roads lead to LTC - page 2.

iamnotback

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Quote from: Quantus on April 16, 2017, 12:48:57 PM

The longer he keeps dicking us over the more likely a User actived soft fork occurs and I don't believe even he wants to risk that; but I could be wrong. The guy is very cocky he may think of BTC and LTC as nothing more then his toy.

USAF is nonsense. He would probably love to prove that to you.

Jihan is purported to have 27% of the LTC hashrate under his control.

iamnotback

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Quote from: thejaytiesto on April 16, 2017, 12:44:11 PM

I believe some sort of moon is possible, but I feel like Jihan is planning something nasty. I think he calculated how much hashrate he needs to keep the segwit at around 75%, and then by the end of the signaling period, he has to raise it a for a short while to make the average <%75 and the whole signaling period is lost at a small cost for him.

Thoughts on this?

I think if Jihan keeps fucking around he will undermine investor's patience.

Hey may but that is ~2 weeks from now when we get near to the final tally on SegWit. Currently the tally is 78 - 80% with more than 10% of the blocks completed.

The BTC crash is I think ~3 days from now.

The charts don't lie. The uptrend line is going to intersect between April 19 and April 22. Then the price must go up (else the entire uptrend is broken and we go back to $4 which seems ludicrous to me).

Quantus

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Quote from: thejaytiesto on April 16, 2017, 12:44:11 PM

I believe some sort of moon is possible, but I feel like Jihan is planning something nasty. I think he calculated how much hashrate he needs to keep the segwit at around 75%, and then by the end of the signaling period, he has to raise it a for a short while to make the average <%75 and the whole signaling period is lost at a small cost for him.

Thoughts on this?

I think if Jihan keeps fucking around he will undermine investor's patience.

How are you storing BTC's worth of LTC btw? I guess you don't keep it in poloniex

The longer he keeps dicking us over the more likely a User actived soft fork occurs and I don't believe even he wants to risk that; but I could be wrong. The guy is very cocky he may think of BTC and LTC as nothing more then his toy. He likely has far more hashrate in both BTC and LTC then anyone believes. Would it not be easy for him to hide his hashrate on other pools?

BitcoinNewsMagazine

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Quote from: thejaytiesto on April 16, 2017, 12:44:11 PM

I believe some sort of moon is possible, but I feel like Jihan is planning something nasty. I think he calculated how much hashrate he needs to keep the segwit at around 75%, and then by the end of the signaling period, he has to raise it a for a short while to make the average <%75 and the whole signaling period is lost at a small cost for him.

Thoughts on this?

I think if Jihan keeps fucking around he will undermine investor's patience.

How are you storing BTC's worth of LTC btw? I guess you don't keep it in poloniex

Ledger Nano S offers cold storage for litecoin using their Chrome app. Trezor does also, but you have to use the Electrum-Ltc wallet with your Trezor.

thejaytiesto

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I believe some sort of moon is possible, but I feel like Jihan is planning something nasty. I think he calculated how much hashrate he needs to keep the segwit at around 75%, and then by the end of the signaling period, he has to raise it a for a short while to make the average <%75 and the whole signaling period is lost at a small cost for him.

Thoughts on this?

I think if Jihan keeps fucking around he will undermine investor's patience.

How are you storing BTC's worth of LTC btw? I guess you don't keep it in poloniex

iamnotback

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Quote from: Quantus on April 16, 2017, 12:18:58 PM

Thats just your opinion and I don't value the opinions of shills.

I am not shilling. I have no reason to. I am sharing the information for the benefit of the community.

Please ignore the information and go back to hiding your head in the "shill" paranoia sand.

I shared some pertinent facts and circumstantial evidence. It is up to the reader to decide if that information is valuable or not.

Quantus

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Thats just your opinion and I don't value the opinions of shills.

iamnotback

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Quote from: Quantus on April 16, 2017, 12:10:05 PM

I personally believe this is just another pump and dump.
The BT forums are full of shills peddling disinformation and fear.

You might want to actually click the link in my post immediately above yours and read the details.

You might realize LTC appears to now be a valid long-term hodling with projecting in the rough vicinity of ~$100 when BTC reaches ~$2000.

Quantus

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While I agree with the OP (grudgingly) everything that follows is pure price speculation.

Yes Alt-coin markets are way up, some 10 billion dollars in market cap but market cap is not real money.
I could create a alt-coin with 100,000,000 coins sell one for 1 dollar and have 100,000,000 market cap.
Historically money never stays in alt-coin markets for very long.
I personally believe this is just another pump and dump.
The BT forums are full of shills peddling disinformation and fear, this thread especially.

iamnotback

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Apparently LTC will likely be a hedge against the coming BTC decline. Go long LTC (Litecoin) now.

https://bitcointalksearch.org/topic/m.18614017

(I deleted this post temporary at 11:40 because so many of you jumped on it buying LTC that you caused a significant price rise and volume, thus were interfering with me covering my short and taking a long position. I am re-posting now that I completed my trade)

manselr

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Rise is too sharp, don't buy on the pump, wait for 8xxk satoshi again to buy a good pack of LTC in hopes of segwit activation.

But! it can crash at any time due whales stopping signaling, beware.

iamnotback

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Quote from: ?? on ??

https://www.litecoinpool.org/pools#segwit

Approximately 76.8% of the hashrate is now signaling for SegWit. BW.com just started signaling a few hours ago so the 24 hour average is rising and soon to surpass the 75% threshold for SegWit activation.

Litecoin will get Lightning Networks (LN) off chain scaling. Bitcoin will not. Thus Litecoin is highly undervalued at $12 and should soon make a new ATH above $50. I expect Litecoin above $100 in 2017.

42.2%	F2Pool
9%	LitecoinPool.org
8.4%	HappyChina
6.4%	BW.com
6%	Le6oriAMKX...
2.6%	Batpool
1.4%	Coinotron
0.8%	Give Me Coins

We've reached the 75% threshold for activation of SegWit on Litecoin!

https://web.archive.org/web/20170412134213/https://www.litecoinpool.org/pools

Just need to hold that for 2 weeks. It should climb to 77% if Jihan doesn't increase his hashrate somehow.

iamnotback

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Quote from: iamnotback on April 12, 2017, 04:14:16 AM

FYI, I took profits on this surge and wait to buy back again later, because I think actually attain activation is going to take at least 2 weeks and probably longer.

In the meantime, I have bought ETH. It is in a descending wedge pattern that is going to close within 24 hours. It looks like it has to break to the upside. Perhaps Ethereum will make some announcement on the Raiden (LN clone) upgrade coming. Looks like they will beat Litecoin to having a rudimentary beta of off chain scaling.

Insane volatility, but a great time to make money day trading. I sold ETH at a profit and reentered LTC before the wedge breakout!

talkbitcoin

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All I know is that I know nothing.

ah the manipulation. it never gets old

all the bullshit on twitter by F2pool and their posts about SegWit and the dumps. it is funny how everytime the same things happens with a different subject and it keeps repeating itself.

but all the price speculations aside i am still hopeful for litecoin to activate SegWit so that we can finally see bitcoin's copy with SegWit in real action.

iamnotback

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Quote from: Kramerc on April 12, 2017, 01:03:51 AM

Quote from: iamnotback on April 11, 2017, 11:45:06 PM

Who ever doesn't on board the Litecoin rocket now, is going to be kicking themselves until they are butthurt!

Well, nobody can say they didn't get good advice from this thread Wink

And sometimes perfect timing:

Quote from: https://twitter.com/SatoshiLite/status/852039230150688770

BW just signaled and LTC price hockey-sticking. Nope, just a coincidence. Not correlated at all!

iamnotback

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Who ever doesn't on board the Litecoin rocket now, is going to be kicking themselves until they are butthurt:

iamnotback

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BTC has been rising on declining volume. That indicates to me that this rise will not make it to a new ATH before it falters. I am sticking with my theory that BTC is range bound until Litecoin gets SegWit.

I think we are going to see another leg up on LTC as the SegWit signaling has climbed back up to 68%.

This pullback has brought us back to the uptrend line, which I expected we would come back to test one more time and especially given BTC is up today.

Given the steepness of that uptrend line (on the right chart quoted below) we either have to fail and crash or start another leg up soon. Failing and crashing seems to not be very likely. So I say load up now on the LTC you want for the next run up. If that uptrend line holds, we have to be back above 0.009 within 6 days 0.011 within 2 weeks. So that is a minimum 40% increase in your BTC within 2 weeks if the uptrend line holds (which it has thus far throughout this crazy volatile rise).

Also today we broke out above that downward blue channel in the left chart quoted below!

Thoughts?

Quote from: iamnotback on April 10, 2017, 02:32:12 PM

Quote from: coinling on April 10, 2017, 08:09:24 AM

Not really:
We are rather in the blue channel right now :

So in terms of the right chart, we are still within an upward channel, barely.

Insane volatility due to the hashrate/signaling manipulation.

The_Dark_Knight

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Quote from: thejaytiesto on April 05, 2017, 09:41:56 AM

If there is a contentious HF and Jihad Wu actually pushes with his hashrate to force it: big price crash and BTC refugees go to alts = LTC will benefit

If miners keep blocking progress (segwit which enables proper LN etc etc) Bitcoin will never scale and will remain as immutable gold: people will search for fast velocity alts = LTC will benefit

If segwit is forced via UASF this will cause big tensions because like it or not it's a bit of a controversial feature and may cause price crashes, aggressive miners etc = LTC will benefit

If somehow BUcoin wins and there's a PoW change to defend from it creating a clusterfuck of a situation where a lot of innocent miners go out of business = LTC will benefit

Once LTC gets segwit, all LN development will move there because who wants to develop under crippled mode (no segwit) when you have LTC, which is a BTC clone which actually scales and has the network effect of the original alt?
And also has a chinese developer which is very diplomatic and will find agreements with miners?

The ideal outcome of all of this is of course BTC getting segwit via miners agreeing to 95% signaling but let's be realistic, this will never happen.

So the second best outcome looks like BTC should remain immutable hodl coin used as gold, while LTC is a more malleable with actual possible agreements thanks to its 75% activation threshold which is about to deliver us segwit without any clusterfucks and internal war, which means LN would kick in in full force, which means LTC would be used as a coin for minor transactions while BTC remains the gold of crypto.

Discuss.

Nice post I think we are going to see something similar to what happened to gold, while gold was more valuable the precious metal more used around the world was not gold but silver, so it makes sense that we will have a coin to store value, bitcoin and a coin to transact daily litecoin.

error08

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Quote from: thejaytiesto on April 05, 2017, 09:41:56 AM

If there is a contentious HF and Jihad Wu actually pushes with his hashrate to force it: big price crash and BTC refugees go to alts = LTC will benefit

If miners keep blocking progress (segwit which enables proper LN etc etc) Bitcoin will never scale and will remain as immutable gold: people will search for fast velocity alts = LTC will benefit

If segwit is forced via UASF this will cause big tensions because like it or not it's a bit of a controversial feature and may cause price crashes, aggressive miners etc = LTC will benefit

If somehow BUcoin wins and there's a PoW change to defend from it creating a clusterfuck of a situation where a lot of innocent miners go out of business = LTC will benefit

Once LTC gets segwit, all LN development will move there because who wants to develop under crippled mode (no segwit) when you have LTC, which is a BTC clone which actually scales and has the network effect of the original alt?
And also has a chinese developer which is very diplomatic and will find agreements with miners?

The ideal outcome of all of this is of course BTC getting segwit via miners agreeing to 95% signaling but let's be realistic, this will never happen.

So the second best outcome looks like BTC should remain immutable hodl coin used as gold, while LTC is a more malleable with actual possible agreements thanks to its 75% activation threshold which is about to deliver us segwit without any clusterfucks and internal war, which means LN would kick in in full force, which means LTC would be used as a coin for minor transactions while BTC remains the gold of crypto.

Discuss.

All of your cases back to LTC will benefit, but until now LTC seems not moving significantly due to people has many other altcoins to invest instead of litecoin.
If bitcoin won't get block size upgrade, it will stuck on this price level within $800-$1200. Even without SegWit or BU, bitcoin will still become the number one cryptocurrency and if it fail, other altcoins will fall too.

BitFinnese

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Quote from: alyssa85 on April 05, 2017, 09:58:00 AM

Quote from: thejaytiesto on April 05, 2017, 09:41:56 AM

Once LTC gets segwit, all LN development will move there because who wants to develop under crippled mode (no segwit) when you have LTC, which is a BTC clone which actually scales and has the network effect of the original alt?

There is only one problem with your scenario - hardly anyone uses Litcoin. In the last 24 hours were only 6,798 litcoin transactions. see

https://bitinfocharts.com/

Why on earth would all the LN development move to a coin nobody uses, and hence no fee profit can be made for it because nobody uses it?

As things stand only ETh is a possible threat to BTc, because people are using it (there were about 87,000 transactions in the last 24 hours on ETH)

ETH advantage over BTC is gone now, I read somewhere that BTC will have its own smartcontract. Aside from that ETH had been manipulated ever since.

Litecoin will be Bitcoin's testing ground but with this I think it really will benefit litecoin because of the exposure and attention it will get.

Topic: Bitcoin scaling: Looks like all roads lead to LTC - page 2. (Read 6636 times)