Topic: Litecoin SegWit is Locked In - page 4. (Read 8689 times)

Market never did care about deadwit.

It is the direct LTC to FIAT Wallet on Coinbase , that is what matters and when it activates.   




 

it is getting too hard to follow what is going on with Litecoin's SegWit activation these days, i imagine Charlie Lee running around door to door, talking to everyone and convincing them about SegWit.

anyways i changed the title to TBD (to be determined) since it has been well below 75% for some time and we don't know when that is going to change.

the good news is that price doesn't care about it apparently

Once they start signalling over 90 percent for the rest of the period will be typical. It would be nice to see them exceed 95 percent during some 24 hour periods.

Are you sure? There’s a lot of manipulation going on right now and I can’t help but to speculate there’s a good chance that the whales will bank on us pumping up LTC thinking Segwit will be activated and then stopping it once they’ve cashed out only to repeat the process.

They did publish and agreement but didn't publish a time scale.

They might drag it out for months under the guise of 'testing' so they can play with the market more.

Well the price is moving up nicely on the back of that.

Unfortunately the signalling is back down to 62.4% in the last 24 hours. They are now going to be more than 80% signalling for the rest of this period to make up for it.

Good news a resolution reached and Bitmain is on board.

https://medium.com/@Litecoinchina/litecoin-global-roundtable-resolution-001-2017-c67b729bc06d

Shouldn't be long before all major pools are signalling. They tested for a few blocks yesterday so are ready to go.

Indeed, this SegWit activation creates an excitement to LTC community. Hoping to see a 14-20usd soon. 

Let's all wait and braced up for the pump of LTC.

litecoin SegWit will be activated soon enough and one miner can not prevent it.

remember that before Jihan started to prevent LTC SegWit, the rest of the miners we all supporting SegWit and everyone was getting on board. the percentage of support was above 80% and nearing the 90% point and LTC only needed 75%!

if Jihan continues messing with LTC SegWit, the route of UASF can be taken and since there is still a lot of hashrate behind it (the whole miners except 1) it can smoothly activate. he just slowed things down.

Absolutely no doubt the price will go because of it.

I actually greatly appreciate that, sensible explanations beat childish name calling any day

Read both those concerns, one requiring the 51% control of mining already has known potential exploits even in bitcoin so, although legitimate, comes with the territory to some extent.

The incredibly anachronistic fractional reserve analogy is intriguing, but it's not totally apt, since in this LN exploit it would require active intent to defraud (not that someone wouldn't given the opportunity).

The segwit as softfork issues I see as more concerning, less the irreversibility but more the potential chain breakdowns.  Immutability is the cornerstone of this whole technology.  With that said it's far from impossible to imagine, with active code development, the kludges being ameliorated or even eliminated over time.

I'm no fan of fractional reserve banking, but see much of this concern hinged on some EXTREME "what ifs", and even then if the tech fails and LTC goes with it, then it will serve as a lesson for BCC and other teams to learn from.

Segwit isn't sexy, or even remotely pretty, but it does seek to address long term usage issues in existing blockchain systems.  Ther MIGHT be better solutions, but it seems insane to not try it.  I have some money in LTC and am OK gambling that on code that might help all of us, even if that help is only learning the hard way it doesn't work.

The price will go up without  a doubt when Litecoin activates segwit, it will be a bubble but I have no doubt that the price will be higher than it was before segwit, this will be a great testing ground for segwit and if it works maybe we will see an increased interest for segwit coming from bitcoin miners.

Lots of manipulation - it's amazing how a few tweets and changes in signalling can move the markets. I really hope they don't attempt to string this out to the next period, we've had enough drama!

Signal slightly higher now at 71.59%.
Damn how miners can manipulate their coin's price

And price started moving up again, there may be some causation between SegWit signaling and price.

Some turbulence ahead, put your seatbelt on!

The segwit percentage is creeping back up - now at 69.4% for the last 24 hours. If it can just surge and hold at about 80% for a few days, it should have made up for the recent drop.

Then ETH will have LN and they will steal YOUR Most TRANSACTIONS HAHAHAHAHA...(while your coin will become pice of shit )
NOW ETH:BTC is almost 1:1 with fiat $$$ mining
Banking Cartels - lol - FREE MARKET will do it
greedy miners/government/user won't stop technology from advancing BTC/LTC will be like telegram while others will play mobile phones (ETH)...

Go signal for the user activated softfork now (google it... add this to your wallet: -uacomment=UASF-SegWit-BIP148)

Do it. Just do it.

For the sake of both your investments and the future of cryptocurrencies.

Firstly a scrypt miner can't be redirected back to bitcoin (sha256), an ASIC chip is either designed to mine bitcoin or mine litecoin not both. There were a handful of ASICS built at one time that had two chips on board to mine either; but, they were highly inefficient and basically novelty items.

Secondly with approximately 30 percent of the hashrate and the most efficient LTC miners on the planet they are earning 42K US a day. Why are you suggesting that they aren't making money?

Here is a good place to monitor hashrate of various pools:

https://www.litecoinpool.org/pools