Topic: will bitcoin activate segwit as litecoin price peaks at 30USD? (Read 17018 times)

litecoin price increased over 300 percent in a month and Chinese investors had a discussion last week about the future of litecoin. http://news.8btc.com/litecoin-price-peaks-at-30-usd-but-is-it-a-bubble
Since Litecoin is often looked as a Bitcoin testbed, they wonder if btc will soon activate segwit, though Bitcoin keeps meeting opposition from miners.

You better tell me why the same miners who were opposing SegWit activation for Bitcoin have no problem with allowing it for Litecoin?
Jihan Wu was totally happy with SegWit during Litecoin's scaling conference and soon after AntPool switched started signalling SW.

It is not rocket science, is it? if the delay in implementing the Segwit causes a rise in the number of unconfirmed transactions, then obviously it is going to benefit the altcoins. So those who want the altcoins to rise will oppose the SegWit implementation for Bitcoin.

Sundark

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Quote from: richardfisk on May 13, 2017, 10:26:25 AM

litecoin price increased over 300 percent in a month and Chinese investors had a discussion last week about the future of litecoin. http://news.8btc.com/litecoin-price-peaks-at-30-usd-but-is-it-a-bubble
Since Litecoin is often looked as a Bitcoin testbed, they wonder if btc will soon activate segwit, though Bitcoin keeps meeting opposition from miners.

You better tell me why the same miners who were opposing SegWit activation for Bitcoin have no problem with allowing it for Litecoin?
Jihan Wu was totally happy with SegWit during Litecoin's scaling conference and soon after AntPool switched started signalling SW.

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yes it can be. But I dont think that the percentage of hashrate support Bitcoin can cross 95%. People are trying to shut the whole system down and take the full control of Bitcoin

it need to match or be above 75% not 95%, but the problem is that it need to do it for the whole period of the diff retarget pretty much like litecoin, if it can hold that it will be activated, but i see that BU is leading the top currently, not going to look easy to win with segwit

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Quote from: cotton ball on May 11, 2017, 03:12:13 PM

Quote from: azguard on May 13, 2017, 04:30:31 AM

The Segwit-BU duo seems ended as there had been no more news coming up by the miners decided to switching over BU and they are already going to switch to SegWit because if they won't, they will regret. Prices for Litecoin has touched new ATH because I think these big competing alts have always reached ATH whenever Bitcoin got pumped.

This may be true, cuz it could be same effect on bitcoin like on litecoin. This battle between SEG and BU it pointless and maybe they need to resolve this once it for all. Think that they monitored very closely what happen to price of litecoin, and that they calculating every possible scenario good and bad for this implementation.

Litecoin has increased more than $700 in a month is an effort from segwit to win the community animos, I think BU did lose in this round, but I am sure they will always take advantage of negative issues that will happen in the future with more luxurious concept. But I'm not very concerned and very happy with the condition of cryptocurrency balanced at this time.

Litecoin's price has increased, because speculators piled in as it was a good story to build a trade around. But no-one is using litecoin, let alone usinh segwit on litecoin.

Once it is clear that users don't want it, the need for it on bitcoin will disappear too...

kalodu

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If BU give up and embrace Segwit then yes its possible, though 95% will still be very difficult to achieve. In reality I think they will hold out for much longer regardless of the price of ltc.

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I hate to say this but even if Litecoin sees massive success upon the implementation of SegWit, some close-minded people would still be blocking further efforts of getting SegWit live in bitcoin because of re: lack of consensus. No matter if LTC sees massive ATH, bitcoin wouldn't follow suit unless these miners give it a go.

I'd like to keep some of my coins in LTC for the meantime, see how things would pan out for LTC (which, as I see it, would be heading for positive things.)

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yes it can be. But I dont think that the percentage of hashrate support Bitcoin can cross 95%. People are trying to shut the whole system down and take the full control of Bitcoin

cellard

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It's worth keeping an eye on Litecoin for as long as the idiots in charge of the hashrate keep blocking it on Bitcoin, since Bitcoin is trapped into this narrative of lack of consensus where there is never going to be any agreement, UASF would need a lot of support to be done safely.

Until this resolves... keep Litecoin because we may see ATH. But we may see further dips before people wake up.

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Quote from: BitFinnese on May 12, 2017, 05:09:45 PM

Quote from: BitFinnese on May 12, 2017, 05:09:45 PM

litecoin price increased over 300 percent in a month and Chinese investors had a discussion last week about the future of litecoin. http://news.8btc.com/litecoin-price-peaks-at-30-usd-but-is-it-a-bubble
Since Litecoin is often looked as a Bitcoin testbed, they wonder if btc will soon activate segwit, though Bitcoin keeps meeting opposition from miners.

Activating Segwit is not that easy. Remember they need to reach that 95% of hash rate for them to start activating Segwit. Not because LTC increasing in price to 30 USD, Bitcoin will automatically implement segwit? It does not work that way, and remember Bitcoin is independent of whatever event happen to LTC.

Not need to be like that cuz litecoin is always used as test for some things that can be implemented in bitcoin, but think that this is really tough one to be. Cuz both offer something unique and yet they dont have this support. What it will be at the end this is really good call. But no matter what happen think that it will come to the point that price will sky jump in one moment, maybe im wrong but if price increase from current like in ltc case image the btc price.

If litecoin is really test subject let put it like this then it's better to see how will be with litecoin in some period.

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litecoin price increased over 300 percent in a month and Chinese investors had a discussion last week about the future of litecoin. http://news.8btc.com/litecoin-price-peaks-at-30-usd-but-is-it-a-bubble
Since Litecoin is often looked as a Bitcoin testbed, they wonder if btc will soon activate segwit, though Bitcoin keeps meeting opposition from miners.

Activating Segwit is not that easy. Remember they need to reach that 95% of hash rate for them to start activating Segwit. Not because LTC increasing in price to 30 USD, Bitcoin will automatically implement segwit? It does not work that way, and remember Bitcoin is independent of whatever event happen to LTC.

Not need to be like that cuz litecoin is always used as test for some things that can be implemented in bitcoin, but think that this is really tough one to be. Cuz both offer something unique and yet they dont have this support. What it will be at the end this is really good call. But no matter what happen think that it will come to the point that price will sky jump in one moment, maybe im wrong but if price increase from current like in ltc case image the btc price.

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Quote from: MingLee on May 12, 2017, 01:05:58 PM

litecoin price increased over 300 percent in a month and Chinese investors had a discussion last week about the future of litecoin. http://news.8btc.com/litecoin-price-peaks-at-30-usd-but-is-it-a-bubble
Since Litecoin is often looked as a Bitcoin testbed, they wonder if btc will soon activate segwit, though Bitcoin keeps meeting opposition from miners.

Activating Segwit is not that easy. Remember they need to reach that 95% of hash rate for them to start activating Segwit. Not because LTC increasing in price to 30 USD, Bitcoin will automatically implement segwit? It does not work that way, and remember Bitcoin is independent of whatever event happen to LTC.

Dux2K

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Quote from: azguard on May 12, 2017, 12:37:05 PM

Quote from: cotton ball on May 11, 2017, 03:12:13 PM

Quote from: azguard on May 12, 2017, 12:37:05 PM

The Segwit-BU duo seems ended as there had been no more news coming up by the miners decided to switching over BU and they are already going to switch to SegWit because if they won't, they will regret. Prices for Litecoin has touched new ATH because I think these big competing alts have always reached ATH whenever Bitcoin got pumped.

This may be true, cuz it could be same effect on bitcoin like on litecoin. This battle between SEG and BU it pointless and maybe they need to resolve this once it for all. Think that they monitored very closely what happen to price of litecoin, and that they calculating every possible scenario good and bad for this implementation.

Litecoin has increased more than $700 in a month is an effort from segwit to win the community animos, I think BU did lose in this round, but I am sure they will always take advantage of negative issues that will happen in the future with more luxurious concept. But I'm not very concerned and very happy with the condition of cryptocurrency balanced at this time.

Condition are good but still I was thinking what would be if something would be activated on bitcoin. What would be? Would it be price jumping so high that we wont be able to sell it or it would be like with LTC price slowly every day with some percentage up. Still we will see in next few month maybe years will it be segwit or BU that will make difference.

A ton of people want to say that Segwit or BU will make a difference, and there's a high chance that they will, but the community is essentially blocking all avenues towards either of those and there isn't much meaningful discussion about the two anymore, just arguments with no new information being spread or people calling each other shills half the time.
There might be some active speculation about BU and Segwit activation right now tbh.

If the result at the end with activation of segwit or BU would be like in case of litecoin then let's make it happen.
Would be great if this could be with same outcome.

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Quote from: cotton ball on May 11, 2017, 03:12:13 PM

Quote from: cotton ball on May 11, 2017, 03:12:13 PM

The Segwit-BU duo seems ended as there had been no more news coming up by the miners decided to switching over BU and they are already going to switch to SegWit because if they won't, they will regret. Prices for Litecoin has touched new ATH because I think these big competing alts have always reached ATH whenever Bitcoin got pumped.

This may be true, cuz it could be same effect on bitcoin like on litecoin. This battle between SEG and BU it pointless and maybe they need to resolve this once it for all. Think that they monitored very closely what happen to price of litecoin, and that they calculating every possible scenario good and bad for this implementation.

Litecoin has increased more than $700 in a month is an effort from segwit to win the community animos, I think BU did lose in this round, but I am sure they will always take advantage of negative issues that will happen in the future with more luxurious concept. But I'm not very concerned and very happy with the condition of cryptocurrency balanced at this time.

Condition are good but still I was thinking what would be if something would be activated on bitcoin. What would be? Would it be price jumping so high that we wont be able to sell it or it would be like with LTC price slowly every day with some percentage up. Still we will see in next few month maybe years will it be segwit or BU that will make difference.

A ton of people want to say that Segwit or BU will make a difference, and there's a high chance that they will, but the community is essentially blocking all avenues towards either of those and there isn't much meaningful discussion about the two anymore, just arguments with no new information being spread or people calling each other shills half the time.
There might be some active speculation about BU and Segwit activation right now tbh.

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The Segwit-BU duo seems ended as there had been no more news coming up by the miners decided to switching over BU and they are already going to switch to SegWit because if they won't, they will regret. Prices for Litecoin has touched new ATH because I think these big competing alts have always reached ATH whenever Bitcoin got pumped.

This may be true, cuz it could be same effect on bitcoin like on litecoin. This battle between SEG and BU it pointless and maybe they need to resolve this once it for all. Think that they monitored very closely what happen to price of litecoin, and that they calculating every possible scenario good and bad for this implementation.

Litecoin has increased more than $700 in a month is an effort from segwit to win the community animos, I think BU did lose in this round, but I am sure they will always take advantage of negative issues that will happen in the future with more luxurious concept. But I'm not very concerned and very happy with the condition of cryptocurrency balanced at this time.

Condition are good but still I was thinking what would be if something would be activated on bitcoin. What would be? Would it be price jumping so high that we wont be able to sell it or it would be like with LTC price slowly every day with some percentage up. Still we will see in next few month maybe years will it be segwit or BU that will make difference.

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The Segwit-BU duo seems ended as there had been no more news coming up by the miners decided to switching over BU and they are already going to switch to SegWit because if they won't, they will regret. Prices for Litecoin has touched new ATH because I think these big competing alts have always reached ATH whenever Bitcoin got pumped.

This may be true, cuz it could be same effect on bitcoin like on litecoin. This battle between SEG and BU it pointless and maybe they need to resolve this once it for all. Think that they monitored very closely what happen to price of litecoin, and that they calculating every possible scenario good and bad for this implementation.

Litecoin has increased more than $700 in a month is an effort from segwit to win the community animos, I think BU did lose in this round, but I am sure they will always take advantage of negative issues that will happen in the future with more luxurious concept. But I'm not very concerned and very happy with the condition of cryptocurrency balanced at this time.

danconia

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How achievable is 95%? It honestly seems like a possibly unattainable number. Bitcoin is known for having plenty of contrarians... plus SegWit on Litecoin isn't being tested *that much* since LTC currently doesn't have scaling issues, right?

Don't get me wrong I want SegWit acitvated on BTC sometime soon but the road to getting to that point seems like it could be a long one.

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My opinion on this is to activate it, this may result price going double at least from what was accomplished with activation on ltc. This may be really good oopportunity for this.

azguard

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