Topic: Why I Am Still Not Voting for Segwit? - page 2. (Read 2834 times)
So now know Litecoin's activation has nothing to do with, er, Litecoin, and everything to do with Bitcoin. What a worm.
Quote
If activated, UASF will have very unfortunate ramifications for whichever currency it is used on.
This is a complete lie. UASF only has unfortunate ramifications for malicious actors.Have you ever considered what will happen in the event of a UASF? Without miner majority, those implementing the UASF are the malicious actors. It's a charge of the light brigade moment in this situation.
I dont see any problem to it besides this solution eliminates bitcoin scaling and malleability then maybe this solution may fix some of litecoins problem.
Litecoin just happened to be an exact copy of Bitcoin that's why segwit is being implemented to it.
Litecoin just happened to be an exact copy of Bitcoin that's why segwit is being implemented to it.
I disagree, it's not a long term elimination to these issues at all, only a part fix.
Transactions are native keys are still malleable. Only transactions on segwit keys on non-malleable = partial fix, not elimination.
The scaling requires the use of segwit transactions (and still has a limit) = partial fix, not elimination.
In the case of LN, people will still only want spending money in an LN channel, not risk there savings. So more on-chain capacity will be required for it to be effective, so people can move money between 'savings' accounts and 'current' accounts for the want of an analogy.
I dont see any problem to it besides this solution eliminates bitcoin scaling and malleability then maybe this solution may fix some of litecoins problem.
Litecoin just happened to be an exact copy of Bitcoin that's why segwit is being implemented to it.
Litecoin just happened to be an exact copy of Bitcoin that's why segwit is being implemented to it.
What is required to implement segwit on altcoin?
That the alt coin contains the same bugs as bitcoin that need to be fixed
1. The big-block camp has never been opposed to Segwit, but rather they are opposed to Segwit without also increasing the block size.
This has zero relevance to activating Segwit on LTC.2. The result of our hard work on Litecoin: The LTC Roundtable.
Not a reason to not vote for Segwit.3. The development and stagnation of the Roundtable.
It is the same as above.4. The market drives changes
No. The same people that are spreading FUD about Segwit and FUD about 51% attacking the network are the same ones pumping those scam coins.Quote
Unsurprisingly, on March 30th Litecoin also began a dramatic rise.
This is only due to the Segwit signalling.Quote
5. More and more attacks
http://news.8btc.com/why-i-am-still-not-voting-for-segwit-an-open-letter-from-jiangzhuoer
http://news.8btc.com/why-i-am-still-not-voting-for-segwit-an-open-letter-from-jiangzhuoer
Quote
If activated, UASF will have very unfortunate ramifications for whichever currency it is used on.
This is a complete lie. UASF only has unfortunate ramifications for malicious actors.Tl;dr: This guy has zero real reasons (technology wise) to not support Segwit. The only reason for which he doesn't is politics, which effectively makes him a baboon and a mere pawn in this game.
i can see why many are disagreeing with SegWit on bitcoin (less than 70% of bitcoin hashrate) and what he says but in my opinion what he did in Litecoin is completely unacceptable because more than 80% of the existing litecoin hashrate of that time accepted SegWit activation on litecoin and then out of nowhere new hashrate was redirected to litecoin to crush the activation and change the balance.
- currently at 71%
- currently at 71%
The solution for this, will be to implement SegWit on more Alt coins to split the instigators hashing power even more. Some big pools will do anything in their power to stop SegWit, because they know what will happen. If SegWit is activated on a Alt coin and it proves to be successful, many people will start to support it and these pools know that.
BTC Core should push for activation on multiple Alt coins that are compatible with it and not just stop with LiteCoin and Bitcoin.
Thats actually really smart, that could work. I don't see any other good ideas.
i can see why many are disagreeing with SegWit on bitcoin (less than 70% of bitcoin hashrate) and what he says but in my opinion what he did in Litecoin is completely unacceptable because more than 80% of the existing litecoin hashrate of that time accepted SegWit activation on litecoin and then out of nowhere new hashrate was redirected to litecoin to crush the activation and change the balance.
- currently at 71%
- currently at 71%
The solution for this, will be to implement SegWit on more Alt coins to split the instigators hashing power even more. Some big pools will do anything in their power to stop SegWit, because they know what will happen. If SegWit is activated on a Alt coin and it proves to be successful, many people will start to support it and these pools know that.
BTC Core should push for activation on multiple Alt coins that are compatible with it and not just stop with LiteCoin and Bitcoin.
nobody cares about SegWit on a random altcoin that nobody uses apart from trading them.
litecoin is different, because 1. it is exact copy of bitcoin with little change 2. it is old and it is being used.
and FYI SegWit is on some other altcoins, a couple of them have even activated SegWit.
if you are interested, these coins are:
- Groestlcoin
- Viacoin https://bitcointalksearch.org/topic/ann-viacoin-via-safe-segwit-lightning-network-auxpow-fast-1840789
- SysCoin https://bitcointalksearch.org/topic/syscoin-blockchain-scalability-trustless-interoperability-for-erc20-projects-1466445
- a couple more that are signalling or considering that i forgot!
What is required to implement segwit on altcoin?
I think most altcoins can simply push segwit as an update. The communities are very small so it will generally be accepted pretty easily.
The only barrier is a dev that can code segwit if their coin is not a direct copy of a coin that already has a working version of segwit.
...
is it? where? i don't remember litecoin being used as a currency like bitcoin,
as a currency: yesis it? where? i don't remember litecoin being used as a currency like bitcoin,
like bitcoin: no.
where: https://www.google.com/search?q=spend+litecoin
more specifically: https://litecoin.com/services#merchants (check other categories on the left side too).
it's the same shitty coin as before, equal to the other alt that are activating segwit, for instance vertcoin is also on track with segwith, and vertcoin is another big coin
people are just blindly attached to litecoin that's why they think it deserve more attention even now wiht segwit, which is only to increase the hype and do a random pump
i am not hyping litecoin (unlike many these days) i don't think it can change that much about litecoin even with SegWit.people are just blindly attached to litecoin that's why they think it deserve more attention even now wiht segwit, which is only to increase the hype and do a random pump
but i wouldn't call it a shitcoin either. it is the oldest altcoin with one of the biggest communities and it has lots of similarities to bitcoin and that is why i said it is different on litecoin than other altcoins.
What is required to implement segwit on altcoin?
not sure exactly. but since SegWit is about malleability fix on top of other things, i suppose the altcoin has to be following the same transaction structure and the same signature.
i can see why many are disagreeing with SegWit on bitcoin (less than 70% of bitcoin hashrate) and what he says but in my opinion what he did in Litecoin is completely unacceptable because more than 80% of the existing litecoin hashrate of that time accepted SegWit activation on litecoin and then out of nowhere new hashrate was redirected to litecoin to crush the activation and change the balance.
- currently at 71%
- currently at 71%
The solution for this, will be to implement SegWit on more Alt coins to split the instigators hashing power even more. Some big pools will do anything in their power to stop SegWit, because they know what will happen. If SegWit is activated on a Alt coin and it proves to be successful, many people will start to support it and these pools know that.
BTC Core should push for activation on multiple Alt coins that are compatible with it and not just stop with LiteCoin and Bitcoin.
nobody cares about SegWit on a random altcoin that nobody uses apart from trading them.
litecoin is different, because 1. it is exact copy of bitcoin with little change 2. it is old and it is being used.
and FYI SegWit is on some other altcoins, a couple of them have even activated SegWit.
if you are interested, these coins are:
- Groestlcoin
- Viacoin https://bitcointalksearch.org/topic/ann-viacoin-via-safe-segwit-lightning-network-auxpow-fast-1840789
- SysCoin https://bitcointalksearch.org/topic/syscoin-blockchain-scalability-trustless-interoperability-for-erc20-projects-1466445
- a couple more that are signalling or considering that i forgot!
is it? where? i don't remember litecoin being used as a currency like bitcoin, it's the same shitty coin as before, equal to the other alt that are activating segwit, for instance vertcoin is also on track with segwith, and vertcoin is another big coin
people are just blindly attached to litecoin that's why they think it deserve more attention even now wiht segwit, which is only to increase the hype and do a random pump
What is required to implement segwit on altcoin?
signaling for a whole period of the diff retarget if i'm not mistaken, just reaching the threshold % activation won't cut it
i can see why many are disagreeing with SegWit on bitcoin (less than 70% of bitcoin hashrate) and what he says but in my opinion what he did in Litecoin is completely unacceptable because more than 80% of the existing litecoin hashrate of that time accepted SegWit activation on litecoin and then out of nowhere new hashrate was redirected to litecoin to crush the activation and change the balance.
- currently at 71%
- currently at 71%
The solution for this, will be to implement SegWit on more Alt coins to split the instigators hashing power even more. Some big pools will do anything in their power to stop SegWit, because they know what will happen. If SegWit is activated on a Alt coin and it proves to be successful, many people will start to support it and these pools know that.
BTC Core should push for activation on multiple Alt coins that are compatible with it and not just stop with LiteCoin and Bitcoin.
nobody cares about SegWit on a random altcoin that nobody uses apart from trading them.
litecoin is different, because 1. it is exact copy of bitcoin with little change 2. it is old and it is being used.
and FYI SegWit is on some other altcoins, a couple of them have even activated SegWit.
if you are interested, these coins are:
- Groestlcoin
- Viacoin https://bitcointalksearch.org/topic/ann-viacoin-via-safe-segwit-lightning-network-auxpow-fast-1840789
- SysCoin https://bitcointalksearch.org/topic/syscoin-blockchain-scalability-trustless-interoperability-for-erc20-projects-1466445
- a couple more that are signalling or considering that i forgot!
What is required to implement segwit on altcoin?
i can see why many are disagreeing with SegWit on bitcoin (less than 70% of bitcoin hashrate) and what he says but in my opinion what he did in Litecoin is completely unacceptable because more than 80% of the existing litecoin hashrate of that time accepted SegWit activation on litecoin and then out of nowhere new hashrate was redirected to litecoin to crush the activation and change the balance.
- currently at 71%
- currently at 71%
The solution for this, will be to implement SegWit on more Alt coins to split the instigators hashing power even more. Some big pools will do anything in their power to stop SegWit, because they know what will happen. If SegWit is activated on a Alt coin and it proves to be successful, many people will start to support it and these pools know that.
BTC Core should push for activation on multiple Alt coins that are compatible with it and not just stop with LiteCoin and Bitcoin.
nobody cares about SegWit on a random altcoin that nobody uses apart from trading them.
litecoin is different, because 1. it is exact copy of bitcoin with little change 2. it is old and it is being used.
and FYI SegWit is on some other altcoins, a couple of them have even activated SegWit.
if you are interested, these coins are:
- Groestlcoin
- Viacoin https://bitcointalksearch.org/topic/ann-viacoin-via-safe-segwit-lightning-network-auxpow-fast-1840789
- SysCoin https://bitcointalksearch.org/topic/syscoin-blockchain-scalability-trustless-interoperability-for-erc20-projects-1466445
- a couple more that are signalling or considering that i forgot!
i can see why many are disagreeing with SegWit on bitcoin (less than 70% of bitcoin hashrate) and what he says but in my opinion what he did in Litecoin is completely unacceptable because more than 80% of the existing litecoin hashrate of that time accepted SegWit activation on litecoin and then out of nowhere new hashrate was redirected to litecoin to crush the activation and change the balance.
- currently at 71%
- currently at 71%
The solution for this, will be to implement SegWit on more Alt coins to split the instigators hashing power even more. Some big pools will do anything in their power to stop SegWit, because they know what will happen. If SegWit is activated on a Alt coin and it proves to be successful, many people will start to support it and these pools know that.
BTC Core should push for activation on multiple Alt coins that are compatible with it and not just stop with LiteCoin and Bitcoin.
i can see why many are disagreeing with SegWit on bitcoin (less than 70% of bitcoin hashrate) and what he says but in my opinion what he did in Litecoin is completely unacceptable because more than 80% of the existing litecoin hashrate of that time accepted SegWit activation on litecoin and then out of nowhere new hashrate was redirected to litecoin to crush the activation and change the balance.
- currently at 71%
- currently at 71%
Note:Translated from Jiang Zhuo’er’s original post in Chinese.
Recently, as the discussion around activating Segwit on Litecoin becomes more and more intense, many people have been asking me why my Litecoin pool is not voting for Segwit. I feel the need to address the whole Segwit issue with the following thoughts of mine.
1. The big-block camp has never been opposed to Segwit, but rather they are opposed to Segwit without also increasing the block size.
2. The result of our hard work on Litecoin: The LTC Roundtable.
3. The development and stagnation of the Roundtable.
4. The market drives changes
5. More and more attacks
http://news.8btc.com/why-i-am-still-not-voting-for-segwit-an-open-letter-from-jiangzhuoer
Recently, as the discussion around activating Segwit on Litecoin becomes more and more intense, many people have been asking me why my Litecoin pool is not voting for Segwit. I feel the need to address the whole Segwit issue with the following thoughts of mine.
1. The big-block camp has never been opposed to Segwit, but rather they are opposed to Segwit without also increasing the block size.
2. The result of our hard work on Litecoin: The LTC Roundtable.
3. The development and stagnation of the Roundtable.
4. The market drives changes
5. More and more attacks
http://news.8btc.com/why-i-am-still-not-voting-for-segwit-an-open-letter-from-jiangzhuoer
Jump to: