Topic: Litecoin - f2pool signaling segwit (Read 2047 times)
the stable price right now is both promising and scary when you look at what has been happening in the past few days.
it is scary because we are after a pump and there is no denying that and price can go down specially if bitcoin tries above $1100 again.
but it is promising at the same time because of the accumulation that at least seems to be happening and also as far as news goes SegWit activation is at nearly 59% but again it is scary since F2Pool has been trolling yesterday and if it keeps up we can be sure of it otherwise it was April fools lie
p.s. LTC is the 3rd highest volume right now and that with a rather stable price in past 24 hours.
it is scary because we are after a pump and there is no denying that and price can go down specially if bitcoin tries above $1100 again.
but it is promising at the same time because of the accumulation that at least seems to be happening and also as far as news goes SegWit activation is at nearly 59% but again it is scary since F2Pool has been trolling yesterday and if it keeps up we can be sure of it otherwise it was April fools lie
p.s. LTC is the 3rd highest volume right now and that with a rather stable price in past 24 hours.
Litecoin - f2pool signaling segwit
Pump! should be activated in no time
Pump! should be activated in no time
i think that is an april fool joke, check bitcoin board they are also signaling for segwit, and guess what today is 1 april, sound strange? not to me and also why litecoin need segwit, it has 2.5 block times, which help already have 4x the block size of bitcoin, with is no where near to be full with current volume of transaction, this voluem is a joke when you compare to bitcoin daily transaction volume
Segwit is not only a solution to increase transaction count per block. It fixes some issues like the malleability problem, which I do not know affects litecoin or not, but it will be better if it was activated for the creation of the Lightning Network. It may not make sense now because there is no need for litecoin to make adjustments because of the low usage of the coin but it is good to be ready.
QUESTION: will a higher LTC price suck GPU hashrate from ETH or is there sufficient supply of GPUs? If yes, then even Ethereum's miners might be in support of the Litecoin activation of SegWit. Why would BTCC mine LTC with their GPUs otherwise.
BTCC wins because they have warehouses of gpu's
Okay so Litecoin has 58% of SegWit signaling without BTCC's help. Yet Bobby Lee created BTCC because of his brother Charlie Lee. I think we can expect BTCC take some GPU hashrate away from ETH and/or ETC, to push SegWit to activation at 75% support and keep it there while the support for SegWit solidifies for the inevitable economic reason I have explained. They will be losing money on the LTC mining with GPUs, but gaining overall in the strategic sense. Remember BTCC is also involved with Scrypt mining so their profitability on that will increase as a result of a much higher LTC price. The GPUs are probably their least valuable asset that is closest to end of life, so they'd probably sacrifice it, especially given Vitalik is planning on changing the consensus algorithm to PoS.
Thus I now feel this is virtually a sure thing and have dumped my ETH in exchange for LTC. I don't want to be holding ETH if BTCC removes hashrate from ETH and/or ETC.
@alyssa85, it's a mix of hype (btc can't activate it, ltc can) plus the fact that segwit enables LN, plus new asic miners which are extremely efficient so the miners will benefit alot from these miners and higher prices. Plus the fact that most ltc is in chinese hands therefore they control most of the supply which means they can pump it alot, and the fact that they mine it is a double win. I think this is why @iamnotback thinks ltc may reach ATH, assuming segwit's activating.
Other projects with segwit don't matter because they are too small, no network effect, no brand recognition, etc. Did i miss anything ?
Other projects with segwit don't matter because they are too small, no network effect, no brand recognition, etc. Did i miss anything ?
Speculation is future looking. If Litecoin gets LN and Bitcoin doesn't, then LN is the top contender for (private fractional reserve banking) scaling that will be acceptable to those who support only Satoshi's PoW.
Ethereum is next best contender for LN clone Raiden, but Ethereum is for a different crowd of speculators who believe in more uses for blockchain than just payments. Not for the conservative Bitcoin maximalists. I'll be trading some back into ETH (taking profits to recover original investment and let the rest ride) after the big move up in LTC, if I am correct about that. (Otherwise I'll be licking my wounds)
After that is bunch of dogshit coins that nobody (who knows technology of blockchains well) gives a hoot about except to pump and dump, except maybe Monero and Zcash but I'm waiting for a re-entry point in Monero below $15.
Its already happening, but its not too late to get on. Hopefully we will see it move over 50$. Exciting days are coming.
Low power Scrypt ASIC is out of stock!
The economics are not a joke. This is virtually a sure thing. Anyone not buying LTC right now is going to be butthurt and have less BTC than those who did. However, SegWit signaling has stalled at 58% for the past hour or two.
The economics are such that which ever miners have a vested interest in keeping the LTC price down thus not signaling SegWit will gradually be debased within the hashrate because those who are buying up the old model A4 Scrypt miners are only profitable at this higher price. So they will signal SegWit as the supply of A4s becomes sold out.The new models which are twice as efficient are monopolized by those who want the price to go higher. This economics seems inevitable.
April fools is already over in China, the joke would be going too far if he switched off now, it would make a lot of people invested in LTC lose a lot of money. Apparently people has invested in scrypt mining gear too. If he pulls out now he's asking to get shot. Those kind of jokes have real life consequences.
The economics are not a joke. This is virtually a sure thing. Anyone not buying LTC right now is going to be butthurt and have less BTC than those who did. However, SegWit signaling has stalled at 58% for the past hour or two.
The economics are such that which ever miners have a vested interest in keeping the LTC price down thus not signaling SegWit will gradually be debased within the hashrate because those who are buying up the old model A4 Scrypt miners are only profitable at this higher price. So they will signal SegWit as the supply of A4s becomes sold out.The new models which are twice as efficient are monopolized by those who want the price to go higher. This economics seems inevitable.
Well i did say when it was at ~25% that it will end up with 60%. Because it had the support of 60% of the hashrate since yesterday when f2pool joined. Problem is, it needs 15% more.
It is increasing at faster than 1% per hour. You think that will just stop on a dime at 60%.
Y'all may not have much time remaining to make this trade. We'll see...
The way these things usually resolve is rapid capitulation once the last major holdout sees the inevitability of it all.
Well i did say when it was at ~25% that it will end up with 60%. Because it had the support of 60% of the hashrate since yesterday when f2pool joined. Problem is, it needs 15% more.
My stance is get on the train before it is too late. SegWit support at 57% and climbing. Activates at 75%.
My opinion is sell your centralized dogshit such as Decred, PIVX, and Dash because they will may collapse/correct when it is clear that Litecoin has scaling and instant transaction coming.
For those locked for 28 days into Decred staking, you naive, boastful fanboys will be unable to make this trade. That is what you get for believing in dogshit and not knowing the difference and fighting with me when I try to explain it to you.
At least I guess most professional traders realize just to use Dash short-term to take money from fools.
Note I do think PIVX will exceed $1 again first. Maybe a double-top or maybe it will continue to erode at Dash marketshare.
If Dash is going to sustain its current bull run, the correction must be almost over. So perhaps I am incorrect about a massive shift from shitcoins to Litecoin. We'll see...
But comparing 8X gain potential (as priced in BTC) in Litecoin to the upward potential of Dash, I think Litecoin wins that trade right now. And I think BTC is going to double in fiat price this year also, we that is 16X gain potential relative to fiat. Also for the moment much higher liquidity in LTC than DASH.
Perhaps we will get a very rapid revaluation of LTC, then capital can flow back out into these other shitcoins. So maybe the shitcoins are due for a correction. I dunno with any certainty. Just sharing random thoughts.
My opinion is sell your centralized dogshit such as Decred, PIVX, and Dash because they will may collapse/correct when it is clear that Litecoin has scaling and instant transaction coming.
For those locked for 28 days into Decred staking, you naive, boastful fanboys will be unable to make this trade. That is what you get for believing in dogshit and not knowing the difference and fighting with me when I try to explain it to you.
At least I guess most professional traders realize just to use Dash short-term to take money from fools.
Note I do think PIVX will exceed $1 again first. Maybe a double-top or maybe it will continue to erode at Dash marketshare.
If Dash is going to sustain its current bull run, the correction must be almost over. So perhaps I am incorrect about a massive shift from shitcoins to Litecoin. We'll see...
But comparing 8X gain potential (as priced in BTC) in Litecoin to the upward potential of Dash, I think Litecoin wins that trade right now. And I think BTC is going to double in fiat price this year also, we that is 16X gain potential relative to fiat. Also for the moment much higher liquidity in LTC than DASH.
Perhaps we will get a very rapid revaluation of LTC, then capital can flow back out into these other shitcoins. So maybe the shitcoins are due for a correction. I dunno with any certainty. Just sharing random thoughts.
seems the segwit threshold will be reached long before many of the hopeful even predicted.
Wow, you're Bitcoin's CEO, nice to meet you.
I've bought it at 3.9$, I hope it continue to pump thanks this good news!
@iamnotback just for the record, i've entered too at 6.3E. But since the uptrend path is not as safe as ethereum's i wasn't willing to trade eth for it so i've invested 850euro. Looking at the hashrate support, it seems about ~60% of the curent hashrate signals for segwit, so for it to activate it needs ~15% more support, an average pool like ltc1btc could activate it, or several of the small ones/solo miners.
LTC pools/hashrate and segwit signals https://www.litecoinpool.org/pools
Just for the record, i never liked ltc and i truly hate the motto silver to bitcoin's gold. So i've risked maybe 300E in case segwit doesn't activate and the price goes down to previous levels. Let's see if your gut is right this time.
LTC pools/hashrate and segwit signals https://www.litecoinpool.org/pools
Just for the record, i never liked ltc and i truly hate the motto silver to bitcoin's gold. So i've risked maybe 300E in case segwit doesn't activate and the price goes down to previous levels. Let's see if your gut is right this time.
Won't activate, f2pool is not enough. It will end with about 60% support, because about 40% of total hashrate is owned by pools that don't signal segwit. See here: https://www.litecoinpool.org/pools
SegWit activation on litecoin needs 70 or 75% and most pools and miners are waiting to see other big ones start supporting then join in and i am sure as soon as it passes 51% many new ones will start signaling SegWit and the activation will happen faster than you may think.
anyways i am glad to see F2Pool making their minds.
Litecoin - f2pool signaling segwit
Pump! should be activated in no time
Pump! should be activated in no time
i think that is an april fool joke, check bitcoin board they are also signaling for segwit, and guess what today is 1 april, sound strange? not to me and also why litecoin need segwit, it has 2.5 block times, which help already have 4x the block size of bitcoin, with is no where near to be full with current volume of transaction, this voluem is a joke when you compare to bitcoin daily transaction volume
I believe EW analysis is as good as tossing a coin.
But the descending broadening wedge breaks out to the upside 79% of the time:
Quote from: http://thepatternsite.com/dbw.html
Descending Broadening Wedge Trading Tips
Breakout: The breakout direction is upward 79% of the time.
Breakout: The breakout direction is upward 79% of the time.
In the meantime, we have to deal within the reality that Satoshi gave us. And that is Bitcoin will remain immutable. So Litecoin is where we can have big blocks, SegWit, and LN.
Notice how F2Pool has used April fools as a way to signal SegWit on Litecoin but to make it seem like he wasn't serious because he signaled conflicting things on Bitcoin. He is serious about the signaling on Litecoin. He wants SegWit (look at his efforts on Syscoin to test out activation), but he doesn't want to create conflict with those on Bitcoin who know that we must keep small blocks on Bitcoin else we lose the equilibrium that Satoshi design. So he signaled nonsense on Bitcoin and signaled serious SegWit on Litecoin.
The miners are navigating opportunity costs and power structures that Satoshi's design enables. I agree the process is noisy. Noise is a result of the imperfect matching of fungible money and non-fungible knowledge value. I wrote about this extensively else where. Very abstract concepts.
Notice how F2Pool has used April fools as a way to signal SegWit on Litecoin but to make it seem like he wasn't serious because he signaled conflicting things on Bitcoin. He is serious about the signaling on Litecoin. He wants SegWit (look at his efforts on Syscoin to test out activation), but he doesn't want to create conflict with those on Bitcoin who know that we must keep small blocks on Bitcoin else we lose the equilibrium that Satoshi design. So he signaled nonsense on Bitcoin and signaled serious SegWit on Litecoin.
The miners are navigating opportunity costs and power structures that Satoshi's design enables. I agree the process is noisy. Noise is a result of the imperfect matching of fungible money and non-fungible knowledge value. I wrote about this extensively else where. Very abstract concepts.
This guy likes to have a joke and keep us all guessing.
https://twitter.com/f2pool_wangchun/status/843754861757788160
https://twitter.com/f2pool_wangchun/status/847435526500007937
https://twitter.com/f2pool_wangchun/status/843754861757788160
https://twitter.com/f2pool_wangchun/status/847435526500007937
He is not signaling multiple conflicting things on Litecoin. He is using the above obfuscation exactly as I predicted he would. The economic reality is:
https://twitter.com/f2pool_wangchun/status/846760903739551744
Can't you see what he is signaling?
Review those tweets again.
He is signaling:
1. Hey Bitcoin can't come to a consensus on any changes. This is a mess. I'll express my disgust with an April fools joke by signaling conflicting positions simultaneously.
2. I can't signal multiple conflicting options on Litecoin. Thus I am making a very strong implied message for those who aren't too dumb to see it.
Do you guys get it now? He is signaling that Bitcoin is a clusterfuck where the softfork can't be achieved. And he is signaling that Litecoin doesn't have the conflicting mess and he is ready and willing to activate SegWit on Litecoin if the consensus threshold of 75% is reached.
Litecoin's miners and whales have every incentive to activate SegWit so that the price goes back up to $50.
It will happen. And SegWit won't happen on Bitcoin.
He just explained it all to you, if you are paying attention.
Looks like f2pool tried to push segwit activation on syscoin.
https://twitter.com/f2pool_wangchun/status/847493350072606724
If segwit is activated on altcoins, but not on bitcoin, do the altcoin developers know how to progress segwit?
Charlie Lee works for Coinbase. I presume Blockstream's bankster backers will realize they need to move forward and Litecoin provides them the easiest transition to do so, if they can't attain consensus for activating SegWit for Bitcoin. All affected parties will be forced to move in the path of least resistance.
Frankly I think it is quite dangerous to activate such radical changes to Bitcoin. Much better to activate on a lesser blockchain so if there are flaws and bugs then Bitcoin isn't as affected. Bitcoin needs to be stable and prioritize continuity, because it is intended to the gold standard of blockchain tokens.
LN is all about enabling private fractional reserve banking with centralized hubs. LN just doesn't scale otherwise (due to routing and other issues). That is probably why Blockstream received $70m in funding. Perhaps they thought they could hijack Bitcoin, but they will have to face the reality of the situation.
Ethereum will be shipping a beta of a LN clone soon named Raiden. So the pressure is mounting on Blockstream and also on everyone invested in Bitcoin. Seems to me that Litecoin is the best option available to all affected parties.
Perhaps Blockstream can sell the idea to themselves by keeping their options open to potentially migrate the new technologies to Bitcoin someday, while pushing forward on Litecoin as a testbed and also to get real world adoption underway asap.
It just makes all the sense to stop this squabbling and move on/forward. Our productive energies are best spent on evangelizing blockchains and not fighting amongst ourselves.
Guys the reason it will be Litecoin and not another altcoin is because of the hypothesis that I explained where miners can make a shit load of money if Litecoin price goes up because the supply of ASICs is insufficient.
The market already knows the BU fork died. But the market knows that we need scaling else adoption will falter due to very high transaction fees and delayed transaction confirmations.
The miners are not going to enable SegWit on Bitcoin because they are making a lot of money by not doing so. Yet some of those same miners and ASIC manufacturers will make a hell of a lot more money by activating SegWit on Litecoin.
It's happening.
I don't see SegWit having a significant impact on Litecoin. I also suspect it's going to settle back into it's long-term $3.50-$4.50 range quickly after the Bitcoin "potential fork" issues get resolved - and I figure that resolution will also hammer current inflated pricing on most of the altcoins that have seen big rises the past month.
The market already knows the BU fork died. But the market knows that we need scaling else adoption will falter due to very high transaction fees and delayed transaction confirmations.
The miners are not going to enable SegWit on Bitcoin because they are making a lot of money by not doing so. Yet some of those same miners and ASIC manufacturers will make a hell of a lot more money by activating SegWit on Litecoin.
It's happening.
Next Step -> Add on CoinBase.
Matter of time
Yes yes haters, Litecoin is dead.
Buy Dash, Ethereum, Ripple and other "TRASH-PUMP-AND-DUMP-ONLY" *PRE-MINED* scamcoins
I wish everyone who buys this "pig sh*t" coins, lose all life savings, you deserve! hahahahahah!
Matter of time
Yes yes haters, Litecoin is dead.
Buy Dash, Ethereum, Ripple and other "TRASH-PUMP-AND-DUMP-ONLY" *PRE-MINED* scamcoins
I wish everyone who buys this "pig sh*t" coins, lose all life savings, you deserve! hahahahahah!
Hilarious, you hate those coins, and their fans hate litecoin. But litecoin has bad future, other alts are much better than LTC.
I think so, But i was realized if there is another coin such as syscoin was already implemented the SegWit in his ecosystem.
Looks like litecoin will no being the first to implement the SegWit activation. I'm not a lite coin hater but looks like we should determine syscoin have better development rather than litecoin.
This my opinion.
Except that ;
Litecoin marketcap > Syscoin Marketcap
Litecoin Exchange exposure > Syscoin Exchange Exposure
Litecoin 6 Years of cryptoservice > Syscoin 1 years
Litecoin Hashrate > syscoin hashrate
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