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Topic: Jihan blocks segwit on LTC: price crashes - page 7. (Read 6801 times)

legendary
Activity: 1666
Merit: 1285
Flying Hellfish is a Commie
I think the only reason he's doing this is that he doesn't want any coin to be able to say that they are adopting Segwit, it's working and then people on the Bitcoin chain would feel easier moving over to segwit. Jihan is only looking out for his business though (respectable but still) and only cares about the bottom line and that extra 30 percent he gets from Asic boost which Segwit would be patching.

Jihan is holding Bitcoin and now Litecoin hostage based on the simple fact that he wants to make more money. Someone is going to have to put him down or at least buy more miners so we're able to compete with such scum of the world.

It is understandable that the price would crash though, this scum fucked up the party.
copper member
Activity: 2996
Merit: 2374
The anti segwit moves keep crashing prices, but anti segwit deniers will still claim it has nothing to do with it.

https://twitter.com/peeticek/status/854091120812445696

At the same time, f2pool started signaling segwit on BTC, and the price automatically pumped to $1200

https://twitter.com/cnLedger/status/854231735386611712

Segwit support remains a solid reason of price increase.


Hmm,

Exactly where did LTC price crash?

It was over $10 yesterday and still over $10 today.

No one cares about deadwit & ln , except the btc core trolls & banking cartels.  Wink


 Cool

It might have not crashed but the price progress did get slowed down by Jihan. It should have been over $15 now, if he wasn't here.
That is baseless speculation.

FYI, LTC really does not need scaling, as their blocks are really not full. It is not uncommon for found blocks to have less than 10 transactions...
member
Activity: 112
Merit: 72
The anti segwit moves keep crashing prices, but anti segwit deniers will still claim it has nothing to do with it.

https://twitter.com/peeticek/status/854091120812445696

At the same time, f2pool started signaling segwit on BTC, and the price automatically pumped to $1200

https://twitter.com/cnLedger/status/854231735386611712

Segwit support remains a solid reason of price increase.


Hmm,

Exactly where did LTC price crash?

It was over $10 yesterday and still over $10 today.

No one cares about deadwit & ln , except the btc core trolls & banking cartels.  Wink


 Cool

It might have not crashed but the price progress did get slowed down by Jihan. It should have been over $15 now, if he wasn't here.

But the LTC community is great and will not let one guy turn everything upside-down. I still do hope this will turn out well for the whole community. There are just a few guys against Segwit, and sadly they have the most power to stop the activation progreaa. Over 35% difficulty raised in a matter of days..
legendary
Activity: 1092
Merit: 1000
The anti segwit moves keep crashing prices, but anti segwit deniers will still claim it has nothing to do with it.

https://twitter.com/peeticek/status/854091120812445696

At the same time, f2pool started signaling segwit on BTC, and the price automatically pumped to $1200

https://twitter.com/cnLedger/status/854231735386611712

Segwit support remains a solid reason of price increase.


Hmm,

Exactly where did LTC price crash?

It was over $10 yesterday and still over $10 today.

No one cares about deadwit & ln , except the btc core trolls & banking cartels.  Wink


 Cool
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
even if segwit was the most amazing scaling solution in the world, it wont help litecoin that much right now since litecoin barely has any merchants.  it was just a p&d.

I think Litecoiners themselves would be the first to admit they won't have a capacity problem for a very long time, if ever. It would shine a light on them and attract more quality developers though.

It would do more than that. All of the various side chain devs could look to litecoin instead of bitcoin. Litecoin could pass over bitcoin in short order if that happened. How would you like LN to go with litecoin instead?
Dude you are worse than iamnotback at least have the balls and say it straight to our faces that you've bought a few bags full of LTC and now wishing for price to go up? Cheesy LTC only worth $5 tops and currently has been pumped by the likes of you.

Why not visit yobit just for once and take your pick from the list of never ending crapcoins and throw SW at it to see it might get $4000 per coin Cheesy

Sorry to disappoint you sweet tits but I don't need to buy anything. I started mining ltc at almost the very first block. Yep, even after is wasn't worth it to mine btc with gpus anymore me and my buddy Reaper tore Litecoin the fuck up with 32 HD 5970s. ROFL I sold a shitload of them into btc above $30 per but I may still have a few laying around somewhere. LOL
hero member
Activity: 924
Merit: 506
even if segwit was the most amazing scaling solution in the world, it wont help litecoin that much right now since litecoin barely has any merchants.  it was just a p&d.

I think Litecoiners themselves would be the first to admit they won't have a capacity problem for a very long time, if ever. It would shine a light on them and attract more quality developers though.

It would do more than that. All of the various side chain devs could look to litecoin instead of bitcoin. Litecoin could pass over bitcoin in short order if that happened. How would you like LN to go with litecoin instead?
Dude you are worse than iamnotback at least have the balls and say it straight to our faces that you've bought a few bags full of LTC and now wishing for price to go up? Cheesy LTC only worth $5 tops and currently has been pumped by the likes of you.

Why not visit yobit just for once and take your pick from the list of never ending crapcoins and throw SW at it to see it might get $4000 per coin Cheesy
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
It would do more than that. All of the various side chain devs could look to litecoin instead of bitcoin. Litecoin could pass over bitcoin in short order if that happened. How would you like LN to go with litecoin instead?

Of course they'll pour in, if only for proof of concept. There must be loads of Bitcoin projects waiting to roll out right now which'll head straight there. If Bitcoin gets left behind then so be it. However a successful LTC Segwit will also hugely increase the desire for the same on BTC.

As for a Lightning Network, I'd like to see one in action before deciding it's the greatest thing ever.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
even if segwit was the most amazing scaling solution in the world, it wont help litecoin that much right now since litecoin barely has any merchants.  it was just a p&d.

I think Litecoiners themselves would be the first to admit they won't have a capacity problem for a very long time, if ever. It would shine a light on them and attract more quality developers though.

It would do more than that. All of the various side chain devs could look to litecoin instead of bitcoin. Litecoin could pass over bitcoin in short order if that happened. How would you like LN to go with litecoin instead?
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
even if segwit was the most amazing scaling solution in the world, it wont help litecoin that much right now since litecoin barely has any merchants.  it was just a p&d.

I think Litecoiners themselves would be the first to admit they won't have a capacity problem for a very long time, if ever. It would shine a light on them and attract more quality developers though.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
even if segwit was the most amazing scaling solution in the world, it wont help litecoin that much right now since litecoin barely has any merchants.  it was just a p&d.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
I wonder if LTC miners have something similar to asicboost therefore they refusing to activate segwit for it too in order to mine as many coins as they can?

Nah. I think it's pure Bitcoin politics spilling over. If it's demonstrated that Segwit does the job and does some new ones too then Bitmain will have lost an awful lot of face.
copper member
Activity: 1330
Merit: 899
🖤😏
I wonder if LTC miners have something similar to asicboost therefore they refusing to activate segwit for it too in order to mine as many coins as they can?
Recently I saw some people cloning a contract on ETH platform in hopes of double spending rchain or something like that and for me at least this BU-llshit is just an attempt to stealing the network longest chain and take control, but guess who will only benefit if other miners be so stupid and blindly support BU and they can do a hard fork? no one but the biggest ASIC manufacturer which will continue to mine unlimited-size blocks with their ever growing mining equipment and do other miners think that their next gen miners will come out with asicboost hardware attached to them? think again.
copper member
Activity: 2996
Merit: 2374
Slush Pool stops fucking around with 1 block SW and another one BU
Slush is providing miners with a choice of what to vote for and not taking a stance himself unfortunately. I have mixed opinions about this since it means the individual miners are actually making the decision but I feel pool operators have a responsibility to help display unity and effect coordinated change.
If a pool is signaling for SegWit, and you are a supporter of SegWit, and an owner of mining equipment, then you might want to have your equipment pointed at that pool. If you are a supporter of BU and/or actively dislike SegWit, then you would probably not point your equipment at that pool, and if you already have your equipment pointed at that pool, you would probably move it to another pool. If you are neutral, then you will probably base your decision on other factors.

The opposite is also true for pools that are signaling for BU.

At the end of the day, the hashrate split of SW/BU signaling is based on the opinions and beliefs of mining equipment operators/owners. Slush is simply allowing owners to have either opinion on the scaling debate and still have the ability to keep their equipment pointed at slush.


Slush Pool stops fucking around with 1 block SW and another one BU
Slush is providing miners with a choice of what to vote for and not taking a stance himself unfortunately. I have mixed opinions about this since it means the individual miners are actually making the decision but I feel pool operators have a responsibility to help display unity and effect coordinated change.

I suppose there is nothing wrong with giving miners a choice, but once one solution has shown to have the greater hash rate support, the pool should probably then enforce that choice for all miners.
The miners will always have a choice. If the pool is not signaling a certain choice that conforms with the miner's choice, the miner will simply point their equipment elsewhere.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
I think that the anti-segwit movement is now becoming an increasingly large issue, and having segwit on LTC would have been a good tech demo for everyone. Now that it's blocked, I'm becoming increasingly suspicious of Jihan.

By hook or by crook Segwit will happen on Litecoin now. It's literally one man against everyone else by the looks of things.
legendary
Activity: 1218
Merit: 1007
The anti segwit moves keep crashing prices, but anti segwit deniers will still claim it has nothing to do with it.

https://twitter.com/peeticek/status/854091120812445696

At the same time, f2pool started signaling segwit on BTC, and the price automatically pumped to $1200

https://twitter.com/cnLedger/status/854231735386611712

Segwit support remains a solid reason of price increase.
I'd like to think that Segwit is viewed by investors as a good thing because it allows for people who want to arbitrate to be able to reliably and cheaply move their Bitcoin between exchanges, but that's probably not true. Likely other reasons.

I think that the anti-segwit movement is now becoming an increasingly large issue, and having segwit on LTC would have been a good tech demo for everyone. Now that it's blocked, I'm becoming increasingly suspicious of Jihan.
sr. member
Activity: 476
Merit: 501
Slush Pool stops fucking around with 1 block SW and another one BU
Slush is providing miners with a choice of what to vote for and not taking a stance himself unfortunately. I have mixed opinions about this since it means the individual miners are actually making the decision but I feel pool operators have a responsibility to help display unity and effect coordinated change.

I suppose there is nothing wrong with giving miners a choice, but once one solution has shown to have the greater hash rate support, the pool should probably then enforce that choice for all miners.
legendary
Activity: 1372
Merit: 1252
Jihan is using the ASIC miners that he was supposed to send to customers in order to spend all this power to block segwit, and this is very despicable behavior, he is going to insane lengths in order to stop segwit from happening which shows he is scared of segwit working on LTC totally fine and crushing the FUD.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
So this is all about political agenda.  I wonder why they block segwit in Litecoin.  It would be best to let Segwit be activated in Litecoin and see the result.  I think they are afraid of Segwit since hey knew it is a game changer.  This definitely means what is happening in cryptocurrency is not about what is better but rather a political agenda for their own benefits.  

The more brazen they are, the more isolated they become, the easier it is for everyone else to cut them adrift and route around them. This won't last forever. It's very slowly coming to a head of sorts.
sr. member
Activity: 1092
Merit: 271
The anti segwit moves keep crashing prices, but anti segwit deniers will still claim it has nothing to do with it.

https://twitter.com/peeticek/status/854091120812445696

At the same time, f2pool started signaling segwit on BTC, and the price automatically pumped to $1200

https://twitter.com/cnLedger/status/854231735386611712

Segwit support remains a solid reason of price increase.

So this is all about political agenda.  I wonder why they block segwit in Litecoin.  It would be best to let Segwit be activated in Litecoin and see the result.  I think they are afraid of Segwit since hey knew it is a game changer.  This definitely means what is happening in cryptocurrency is not about what is better but rather a political agenda for their own benefits. 
-ck
legendary
Activity: 4088
Merit: 1631
Ruu \o/
Slush Pool stops fucking around with 1 block SW and another one BU
Slush is providing miners with a choice of what to vote for and not taking a stance himself unfortunately. I have mixed opinions about this since it means the individual miners are actually making the decision but I feel pool operators have a responsibility to help display unity and effect coordinated change.
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