Topic: Litecoin SegWit Bounty Litecoin $1 Million Bounty Invites Hackers to Test SegWit (Read 643 times)
May 15, 2017, 10:27:48 AM
Will be interesting to see how this turns out. Truly am hoping this is unhackable. I believe strongly in segwit and we need that to happen. We need innovation. People have doubts on it though, lets hope this sets those doubts free!
May 15, 2017, 08:08:32 AM
Noticed numerous posters claiming how easy coins would be to steal once segwit was activated on LTC. Here is your opportunity to prove your statements were correct. Good luck
http://bitsonline.com/litecoin-million-challenge-segwit/
https://www.reddit.com/r/litecoin/comments/6azeu1/1mm_segwit_bounty/
http://bitsonline.com/litecoin-million-challenge-segwit/
https://www.reddit.com/r/litecoin/comments/6azeu1/1mm_segwit_bounty/
He maybe rich, but he is confused.
The issue is once segwit is activated ,
If the dev wanted to deactivate segwit, then once segwit was deactivated, anyone could steal funds out of a segwit address,
Which is a valid concern.
This guy is just putting on a dog and pony show,
as segwit is still activated so it makes that specific security issue mute, unless LTC devs decide to deactivate it, which is unlikely.
I believe the bigger threat will come if a hacker can compromise an LN Hub and possibly redirect the funds during the onchain to offchain conversion
and vice-a-versa.
╥AztekPhoenix
i don't know what you think about cryptocurrencies but they are not working the way you have in mind.
cryptocurrencies such as litecoin which have a certain decentralization to themselves (unlike coins like ethereum) does not have a centralized person with a switch to turn on and off whenever he wishes.
in other words your statement saying "LTC devs decide to deactivate it" is nonsense. SegWit was activated and there is no going back now. you can't just flip a switch and say yeah now it is activated, and next month change your mind and flip the switch off.
May 15, 2017, 07:48:27 AM
wow, that's a lot of confidence in Segwit.
Here the article litecoin and segwit Segwit, an upgrade originally developed for Bitcoin, is activated on Litecoin.it is good news for knowledge about segwit on litecoin, i hope there is use for us. Good luck
Litecoin Community Member PZ Shares the Story Behind Litecoin’s Segwit Activation | https://t.co/z0jfNUUekk
May 14, 2017, 07:45:56 PM
What a big reward. Hopefully no one can get it done.
May 14, 2017, 04:43:17 PM
wow, that's a lot of confidence in Segwit.
May 14, 2017, 03:40:58 PM
why do people think that segwit will lead to easy stealing of coins? i never read this. thank for the summary.
May 14, 2017, 02:24:51 PM
Noticed numerous posters claiming how easy coins would be to steal once segwit was activated on LTC. Here is your opportunity to prove your statements were correct. Good luck
http://bitsonline.com/litecoin-million-challenge-segwit/
https://www.reddit.com/r/litecoin/comments/6azeu1/1mm_segwit_bounty/
http://bitsonline.com/litecoin-million-challenge-segwit/
https://www.reddit.com/r/litecoin/comments/6azeu1/1mm_segwit_bounty/
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