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Topic: Is Segwit for LTC really necessary? Why? (Read 4735 times)

legendary
Activity: 1901
Merit: 1024
April 13, 2017, 10:03:46 PM
#75
Well then just activate segwit by masf or uasf if miner fails to push litecoin.... then we gona see

Activating segwit with bitcoin is not so "easy" because some ask for bigger block (BU) some wants nothing to change, then there is segwit, etc... so deceison is more complex and its more hard to get users wishes for one goal
legendary
Activity: 3122
Merit: 1492
It's probably better if Segwit is activated. The amount of people using Litecoin is going down all the time. Will soon remain as another dumped altcoin. Sad

Why do you say that? Do you think the users will come back because of segwit and then later the Lighting network? Please state your reasons why you think that.

It comes back to my main question why segwit is necessary in litecoin. Most of the arguments made here are all speculative and made up by unqualified people who want to make themselves look smart.

1. bitcoin scaling problem
2. litecoin is on all, or soon on all exchanges
3. litecoin is one of top alts that have fair distribution with no premine, instamine and shady works of the ppl behind it
4. litecoin code is almost copy of bitcoin so dev that work on segwit, LN, etc will be happy to work on litecoin too

To the math yourself, market is mad due high bitcoin fees and slow trasactions, they don`t want BTC clone, they want scalibility solution as segwit!

That is still very speculative. It does not guarantee the same bitcoin sized success for litecoin. From my view all litecoin did was to take advantage of bitcoin's bad situation. If their development team have thought of doing segwit first then things would be better, but it did not.

What if segwit activates in bitcoin? What will happen to litecoin now? It shows that the move to litecoin is mostly speculations by the traders. If a majority of merchants started to accept litecoin then I would be the first to say litecoin is gaining.
legendary
Activity: 1901
Merit: 1024
Sure they helped as they could, and will support litecoin if it manage to activate segwit before bitcoin (which is almost 100%)
1. if masf (miner activation soft fork) fail we go to uasf (user activation soft fork) all is put to motion and will not be stoped!

now nothing can stop it

BU shills have nothing to offer to litecoin so they better be silent, but we know they are kinda chaotic 100%!
hero member
Activity: 728
Merit: 500
Honestly, the best reason to want to activate SegWit for LTC is so that we can see how well it works and thus make a better informed decision about whether to support it for Bitcoin. I'm actually kinda surprised some Core miners haven't decided to point their hashing power at LTC, at least for long enough to activate the fork.

Apart from that, it's better to activate a scaling fix before there's a scaling problem. Just because it isn't needed not to clear the mempool today doesn't mean it won't be useful at some future point.

The reason SHA256 bitcoin miners don't point their hashrate at scrypt litecoin is because it is completely impossible to mine a scrypt coin with a SHA256 miner.
sr. member
Activity: 266
Merit: 250
Sound. Fury. Signifying.
Honestly, the best reason to want to activate SegWit for LTC is so that we can see how well it works and thus make a better informed decision about whether to support it for Bitcoin. I'm actually kinda surprised some Core miners haven't decided to point their hashing power at LTC, at least for long enough to activate the fork.

Apart from that, it's better to activate a scaling fix before there's a scaling problem. Just because it isn't needed not to clear the mempool today doesn't mean it won't be useful at some future point.
legendary
Activity: 1901
Merit: 1024
It's probably better if Segwit is activated. The amount of people using Litecoin is going down all the time. Will soon remain as another dumped altcoin. Sad

Why do you say that? Do you think the users will come back because of segwit and then later the Lighting network? Please state your reasons why you think that.

It comes back to my main question why segwit is necessary in litecoin. Most of the arguments made here are all speculative and made up by unqualified people who want to make themselves look smart.

1. bitcoin scaling problem
2. litecoin is on all, or soon on all exchanges
3. litecoin is one of top alts that have fair distribution with no premine, instamine and shady works of the ppl behind it
4. litecoin code is almost copy of bitcoin so dev that work on segwit, LN, etc will be happy to work on litecoin too

To the math yourself, market is mad due high bitcoin fees and slow trasactions, they don`t want BTC clone, they want scalibility solution as segwit!
sr. member
Activity: 294
Merit: 251
I found this tweet rather interesting and kind of funny: Cheesy

https://twitter.com/SatoshiLite/status/852087709858373633/photo/1
legendary
Activity: 3122
Merit: 1492
It's probably better if Segwit is activated. The amount of people using Litecoin is going down all the time. Will soon remain as another dumped altcoin. Sad

Why do you say that? Do you think the users will come back because of segwit and then later the Lighting network? Please state your reasons why you think that.

It comes back to my main question why segwit is necessary in litecoin. Most of the arguments made here are all speculative and made up by unqualified people who want to make themselves look smart.
legendary
Activity: 1901
Merit: 1024
Unnecessary because Litecoin's network is not crowd like Bitcoin's, this is only for pump, not the real use. If bitcoin signals SW, btc will be pumped too.

Please learn what segwit is, its not about block scaling why litecoin need it
As market want to test SEGWIT as solution for bitcoin problem, litecoin can be used for that test!!



What problem?
High fees and slow transactions.

Remove the block size limit and the problem is solved.

block size limit is just temporary solution which would harm security (big block more time to propagate) also more centralization as more resources would be needed for a full node
segwit is smart solution and not brute force!

also this is litecoin topic and you know litecoin does not need more block room!? or you confused us with bitcoin agenda while shilling for BU twats
hero member
Activity: 686
Merit: 521
It's probably better if Segwit is activated. The amount of people using Litecoin is going down all the time. Will soon remain as another dumped altcoin. Sad

I think the last price movement just shows that Litecoin truely need SegWit just to get back to limelight. I hope it can sustain the recent gains

thats probably the only reason litecoin activated segwit with all the speculations of bitcoin soon to have it implemented
am pretty sure they were/are trying to win some support through it  indirectly and see the alt grow once again.

Necessary: its not a viable route for ltc which as it has a limited activity atm
sr. member
Activity: 378
Merit: 250
Unnecessary because Litecoin's network is not crowd like Bitcoin's, this is only for pump, not the real use. If bitcoin signals SW, btc will be pumped too.

Please learn what segwit is, its not about block scaling why litecoin need it
As market want to test SEGWIT as solution for bitcoin problem, litecoin can be used for that test!!



What problem?
High fees and slow transactions.

Remove the block size limit and the problem is solved.
full member
Activity: 210
Merit: 100
Unnecessary because Litecoin's network is not crowd like Bitcoin's, this is only for pump, not the real use. If bitcoin signals SW, btc will be pumped too.

Please learn what segwit is, its not about block scaling why litecoin need it
As market want to test SEGWIT as solution for bitcoin problem, litecoin can be used for that test!!



What problem?
High fees and slow transactions.
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
Just calm down roger shill pls, don`t get heart attack

segwit is heavy tested at bitcoin test net for a looooooong period already, if you have any proff it gona go down, why don`t you post your finding

market support is there and can`t be faked, only ignorant ppl live in fear of new tech!

A network split happened a few weeks ago on the segwit testnet because non segwit nodes couldn't process allegedly soft fork segwit blocks. This is public information on the bitcoin dev mailing list, and you tell me it's heavy tested, LOL

Do you call who can sybil more non mining nodes support of the market? By sober unbiased estimates not coming from Blockstream minions like yourself, the market is divided evenly between Core/Segwit and onchain scaling solutions (BU, Classic, whatever with big blocks but not segwit).

Fear of the new tech, LOL. Bitcoin is old tech by crypto standards, a dinosaur walking to extinction. There are many coins today with superior tech. You should come from under your rock sometimes.

There are chain splits because people still insist on using 0.12.x on the testnet and they're not connected to a relay node. Once SegWit is active, miners have to use clients that are SegWit aware...

You have described a hard fork.
Segwit is a hard fork in disguise.

he is wrong, miners are already using segwit, everyone who run 0.14 version is using it, just segwit is not activated yet because of the consensus which is needed, and this make segwit a soft fork not an hard fork
sr. member
Activity: 378
Merit: 250
Just calm down roger shill pls, don`t get heart attack

segwit is heavy tested at bitcoin test net for a looooooong period already, if you have any proff it gona go down, why don`t you post your finding

market support is there and can`t be faked, only ignorant ppl live in fear of new tech!

A network split happened a few weeks ago on the segwit testnet because non segwit nodes couldn't process allegedly soft fork segwit blocks. This is public information on the bitcoin dev mailing list, and you tell me it's heavy tested, LOL

Do you call who can sybil more non mining nodes support of the market? By sober unbiased estimates not coming from Blockstream minions like yourself, the market is divided evenly between Core/Segwit and onchain scaling solutions (BU, Classic, whatever with big blocks but not segwit).

Fear of the new tech, LOL. Bitcoin is old tech by crypto standards, a dinosaur walking to extinction. There are many coins today with superior tech. You should come from under your rock sometimes.

There are chain splits because people still insist on using 0.12.x on the testnet and they're not connected to a relay node. Once SegWit is active, miners have to use clients that are SegWit aware...

You have described a hard fork.
Segwit is a hard fork in disguise.
hero member
Activity: 1876
Merit: 512
It's probably better if Segwit is activated. The amount of people using Litecoin is going down all the time. Will soon remain as another dumped altcoin. Sad

I think the last price movement just shows that Litecoin truely need SegWit just to get back to limelight. I hope it can sustain the recent gains
hero member
Activity: 1276
Merit: 622
Just calm down roger shill pls, don`t get heart attack

segwit is heavy tested at bitcoin test net for a looooooong period already, if you have any proff it gona go down, why don`t you post your finding

market support is there and can`t be faked, only ignorant ppl live in fear of new tech!

A network split happened a few weeks ago on the segwit testnet because non segwit nodes couldn't process allegedly soft fork segwit blocks. This is public information on the bitcoin dev mailing list, and you tell me it's heavy tested, LOL

Do you call who can sybil more non mining nodes support of the market? By sober unbiased estimates not coming from Blockstream minions like yourself, the market is divided evenly between Core/Segwit and onchain scaling solutions (BU, Classic, whatever with big blocks but not segwit).

Fear of the new tech, LOL. Bitcoin is old tech by crypto standards, a dinosaur walking to extinction. There are many coins today with superior tech. You should come from under your rock sometimes.

There are chain splits because people still insist on using 0.12.x on the testnet and they're not connected to a relay node. Once SegWit is active, miners have to use clients that are SegWit aware...
sr. member
Activity: 378
Merit: 250
Just calm down roger shill pls, don`t get heart attack

segwit is heavy tested at bitcoin test net for a looooooong period already, if you have any proff it gona go down, why don`t you post your finding

market support is there and can`t be faked, only ignorant ppl live in fear of new tech!

A network split happened a few weeks ago on the segwit testnet because non segwit nodes couldn't process allegedly soft fork segwit blocks. This is public information on the bitcoin dev mailing list, and you tell me it's heavy tested, LOL

Do you call who can sybil more non mining nodes support of the market? By sober unbiased estimates not coming from Blockstream minions like yourself, the market is divided evenly between Core/Segwit and onchain scaling solutions (BU, Classic, whatever with big blocks but not segwit).

Fear of the new tech, LOL. Bitcoin is old tech by crypto standards, a dinosaur walking to extinction. There are many coins today with superior tech. You should come from under your rock sometimes.
hero member
Activity: 1276
Merit: 622
Here we are with the Bitcoin politics again....
legendary
Activity: 1901
Merit: 1024
Just calm down roger shill pls, don`t get heart attack

segwit is heavy tested at bitcoin test net for a looooooong period already, if you have any proff it gona go down, why don`t you post your finding

market support is there and can`t be faked, only ignorant ppl live in fear of new tech!
sr. member
Activity: 378
Merit: 250
What you expect from Jihan or roger ver shills.........

segwit is just one step, nothing wrong with block increase but its the wrong way if we can do that smarter as segwit open more future possibilities, also increasing is bad for decentralization and security die the block size and time needed to go over all nodes

ppl and market are eager to test segwit, and some evil ppl think that will destroy their greedy plan for bitcoin fee to be 50$ per transfer, and they bet it WILL!
no one will stand and use coin that is centralized by chines mining mafia!

LOL at how whoever disagrees with the party line is automatically a Jihan or Roger Ver shill. Where do I get my pay? Cheesy

You are brainwashed by Blockstream propaganda.

You did not write ANY REAL EVIDENCE to support you claim...

You are just trolling me, and jihan/roger troll looks like that

And i don`t thing Blockstream is god as you shills look at Jihan, they were slow with segwit and no faster solution in 2016, we today would not be here if they had been more ope to market need!
But I am no dev and I have no right to criticize anyone as I am doing nothing!

You didn't write ANY REAL EVIDENCE that Segwit will not fuck up everything.
You Blockstream minions should look in the mirror.
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