Topic: Litecoin SegWit is Locked In (Read 8657 times)

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for a coin traded for around $4 for so long, this retracement is not the end of the world

I did miss the rollout of  what you mention, i'm only into Crypto since January!

Yes I understand that segwit was not THE interesting thing, its what
can be built on top of it.

Like the saying "I dont like money, I like what money can buy"

If you think that was hype you must have missed the roll out of at least a dozen other coins over the years. Welcome to bitcointalk.

Segwit was never the interesting thing (except for solving the malleability issue), it's what's coming in the following months and year that gives LTC value.

I think the hype has just leaked  out like a car tyre with a very slow puncture.

The hype surrounding Litecoin over the last month or so has been astronomical
and with that there was possibly an over inflation of the value . . .

to be honest I had lost interest in the segwit implementation because of all the
good and bad hype, I actually didnt know we were locked in until I happened
across this thread 

why is there no hype around ltc adding lightning network, smart contracts, anon and whatever shnoll sigs are?. On top of that you have the best dev teams in the world working on it.

Most of the traders only care about the profit and that is why they keep selling their litecoin when they see there is no movement in this coin at all. Segwit is just a news. We can not take that news and believe that the price will go up. In the realistic, litecoin is not accepted in any places ( accept online casino) and because of that reason, we can not believe that the price will rise. Moreover, litecoin has already increased 500% since early 2017

Yes, things are much much different for LTC now.

Any of these will actually increase price and demand you think?  I'm worried about LTC repeating history... another loonnggg bear market

Correction has been done imo.  Now we can moon with all the actual implementations (Like LN, CT, Rootstock, Omni, Tumblebit, etc)

Segwit is officially implanted, and here comes the dump. Lets see how much it corrects.

Litecoin and SegWit, two different word that has to come together. 

Segwit has happened. But price has been going down. Looking for price to increase and not sure why it isnt. Whales perhaps holding it down low and then pump? Seems likely.

Lets hope segwit also is unhackable. Saw a 1 million bounty out out. Lets see!

SegWit is now locked in and Litecoin seems to have stopped rising. I just sold all of mine, we might end up seeing a big dump soon.

Its getting stable if you ask me. People invested suddenly because they thought getting into the coinbase and segwit integration will be a great step for an altcoin, that too before its integration to BTC. LTC is for the long term now. will be similar to BTC with less complication.

Further more, litecoin won't be the first cryptocurrency to add Segwit to their source code. Some minor coin that i noticed is groestlcoin and it has already adopted the change on their mainnet. it is still in its 3 years and it already has  a $1.6 million market cap. The trade is for less than three cents in $ but has been busy growing over the years. Earlier this year, groestlcoin admins inputed some code include Segwit, and probably i think in there 3rd anniversary near the end of March, Segwit was activated.

It was pumped when the news came out of the deal with the miners to adopt segwit - and then dumped when the whales decided to take their profits.

Nothing much is going to happen with litecoin until they can prove that people actually USE the coin. If they don't use it, segwit etc is useless.

My take on that is that whatever were the *intentions* of whoever was Satoshi, doesn't really matter.  My personal opinion is that it was a quite bright guy in his basement, but it can be just anything, from the Chinese government to a terrorist organisation.  It doesn't matter.
Satoshi did some brilliant things, and set up a system which has its own dynamics.  That dynamics does not correspond to what Satoshi claimed he made it for, but are the natural consequences of how it was designed.

When we see that, there are some logical possibilities about intention:

a) Satoshi knew perfectly well how this system would evolve, but needed to tell something else to trick people into using it (conspiracy view)

b) Satoshi, bright as he was, made some fundamental mistakes and had some fundamental misunderstandings (my personal opinion)

c) Satoshi came as close as one can get to what was doable at that point, and anything seriously different would not have worked ; in other words, at that point, it was simply impossible to have a system as he pretended, and he came as close as was possible, but no cigar.

I say this, because bitcoin is based upon a totally flawed economic understanding of ideal money, inspired by the "gold bugs" doctrine of sound money ; and has as its core, a deflationary spiral like rarely one has seen any.   As such, bitcoin can never be a mainstream currency, because there is no system included that will provide sufficient elasticity in its offer for its value to remain constant, which is a requirement of ideal money (which will be also a unit of account) ; on the contrary, it is heavily publicized as something that will strongly grow over time, and will make you rich if you adopt soon enough.  Bitcoin is hence designed as a very strongly speculative asset, to be hoarded and to be traded, with high volatility, and high deflation (=gain in value).

Many choices in the design of bitcoin make that it is not going to be a widespread, largely decentralized, generally used payment system ; however, it has everything to be a speculative asset that would make the toxic derivatives that caused the 2007 crash to look like stable money compared to it.


I think bitcoin was a kind of next logical step, and it had the right timing, after the financial crisis of 2007-2008.  Note that this financial crisis had nothing to do with the fiat payment system ; but rather with the reckless speculation of financial institutions on "virtual" complex derivatives.  The ironic thing is that bitcoin took as economic model, exactly something that leads to a highly speculative asset, while pretending to replace the "broken" fiat payment system.  It is this irony - the fact of being able to speculate heavily (which was the main cause of the 2007 financial crisis) while pretending to cure a non-broken system (the fiat payment system) - that was the success story of bitcoin.

On the other hand, without the lure of high speculative prospects, to turn $27 investors in future billionaires, something like bitcoin would never have taken off (hinting at my (c) option above).  So maybe it was necessary to have this irony, of pretending to make an "honest robust payment system" based upon the most heavily charged greater fool speculative asset one has seen in ages ; as no truly honest payment system would ever have taken off.

Why does the price of LTC go down all the way?