Topic: Bitcoin scaling: Looks like all roads lead to LTC - page 7. (Read 6636 times)

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)

LTC has its biggest purpose to date in getting segwit on bitcoin. The BU team will be trying hard to stop this im guessing, they should just give up now though.

Overall agree with all of your points, indeed it's spot on.

ANYTHING that is not 95% hashrate agreement will create big price fluctuations due uncertainty.

So it's best that it stays as it is. Satoshi designed bitcoin so its insanely hard to change.

We all BTC holders would benefit more if it stays as it is rather than destroying network effect.

I wouldn't mind to see LTC as the scaling coin since it's basically a bitcoin clone.

Last 24 hours: 69.0% support for segwit in litecoin 
Source: http://litecoin-segwit.info/

Looks like we gonna get segwit activated on litecoin within end of this week, i think there will be another bullish run on litecoin after this activation. I have placed few long position at 0.008BTC on LTC hope it will give me some good profit 

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.