will bitcoin activate segwit as litecoin price peaks at 30USD? - page 3.

RoommateAgreement

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Bazinga!

Quote from: jonald_fyookball on May 08, 2017, 10:28:07 PM

miners really aren't that impressed by whats going on in litecoin....and they are still feeling burned from HK agreement. they wont activate segwit as soft fork...only HF with base increase. true story.

how is it that they are not "impressed". SegWit is just locked_in. there is still a day and 9 hours left to the real activation of SegWit on litecoin.

apart from that, the SegWit support on litecoin from miners was a full on 100% support, so i would say they were pretty "impressed" that they adopted it like this!

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

miners really aren't that impressed by whats going on in litecoin....and they are still feeling burned from HK agreement. they wont activate segwit as soft fork...only HF with base increase. true story.

Netnox

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Segwit needs 95% approval, right? That is practically impossible to achieve. In order to get 95% approval, all the major mining pools without exception must reach a consensus. Right now, the probability of something like that happening seems remote.

Wind_FURY

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Quote from: franky1 on May 08, 2017, 06:06:02 AM

everyone is talking about "activating" segwit.

sorry but please READ the documentation.
activating it is meaningless.. its about USING segwit keypairs to achieve the (half baked gesture) promoted hopes segwit may achieve.

so maybe its best to let segwit run on litecoin and then see if all the (half baked gestures) do reach the HOPES segwit once was promising, but now reworded as 'expecting' or 'stepping stones' towards X.

which can only be done by seeing how many move funds to segwit kys and how the mempool bloat gets affected by people rushing to move funds across and the network benefit/issues it may cause.

then before doing any mandatory implementation or any pow kiling threats for bitcoin. you blockstreamists can actually see if segwit actually fulfils the (cough cough) promises.

if not.. the blockstream better decide to rewrite their code to be a proper 1 merkle 4mb single block with real features, and not just try pushing the cludgy 2merkle soft half baked version in mandatorily. wasting everyones time for an opportunity that could have been used better

franky1, with all due respect it would be better to write your post more in layman's terms. I know you are a very technical person and most probably a software engineer. But many of us here do not understand most of what you posted or what point you are trying to make.

Can you repost in simpler terms? Thank you very much.

Doofus

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as litecoin mining is on GPUs, does this mean banks and governments can easily control them?

lol3c

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it is hard to know. I dont think that the Chinese will easily allow segwit to be activated and some will against this strongly. As people know, litecoin and bitcoin are currently in the same pool in chinese and I dont know why they still ignore segwit in bitcoin and agree segwit in litecoin

franky1

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everyone is talking about "activating" segwit.

sorry but please READ the documentation.
activating it is meaningless.. its about USING segwit keypairs to achieve the (half baked gesture) promoted hopes segwit may achieve.

so maybe its best to let segwit run on litecoin and then see if all the (half baked gestures) do reach the HOPES segwit once was promising, but now reworded as 'expecting' or 'stepping stones' towards X.

which can only be done by seeing how many move funds to segwit kys and how the mempool bloat gets affected by people rushing to move funds across and the network benefit/issues it may cause.

then before doing any mandatory implementation or any pow kiling threats for bitcoin. you blockstreamists can actually see if segwit actually fulfils the (cough cough) promises.

if not.. the blockstream better decide to rewrite their code to be a proper 1 merkle 4mb single block with real features, and not just try pushing the cludgy 2merkle soft half baked version in mandatorily. wasting everyones time for an opportunity that could have been used better

avikz

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I believe segwit activation on litecoin is to test the network as a whole. If everything goes right, I am sure bitcoin will be the next coin to activate segwit. However, I feel that litecoin price increase is not just because of the segwit, rather for the increase in trading volumes and market cap. This price is hollow and soon will go down to an optimum level.

But I have no doubt that if Segwit is activated in bitcoin, the price will increase to the next level. So an an investors of bitcoin, I hope to see the positive news coming in soon.

pedrog

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Quote from: Doofus on May 08, 2017, 04:15:02 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.

Actually it's the opposite, code is ported to litecoin after it is implemented in bitcoin, litecoin is the ultimate bitcoin clone.

Segregated Witeness activation is the first time litecoin is more advance than bitcoin.

Decoded

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give me your cryptos

Value is not synonymous with quality. Personally, I think that the reason that litecoin is worth so much at the moment is that it is trying out a technology that the bitcoin community is not able to, overhyping itself. The price of litecoin, with it's tiny market cap, means that most of it's trades are based on emotion, not logic. Litecoin will defenitely drop in time. It is only a means for people to observe Segwit work in a real world situation.

Herbert2020

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you should first let SegWit activate on litecoin, and let it work for a little while then talk about it being bitcoin's "testbed" whatever that means. but yeah i believe it can lead to bitcoin miners adopt SegWit eventually.

and about the price, it is obviously in a bubble but it seems like despite everything else, price has more tendency to go even higher. we may see some more drops soon but i doubt that would be the end of Litecoin rise.

azguard

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Quote from: tobacco123 on May 08, 2017, 04:33:40 AM

The potential increase in value will be similar or even bigger. If you use mBTC as the unit, 1mBTC is about $1.60. LTC was about $3 to $4 before segwit...

Just imagine when same thing (Segwit activation) happened to 1 mBTC, the value will be $1.60 x 7 times = $11.20... USD$11,200 per BTC!

But of course I think LTC is in bubble at the moment. It might increase further soon after Segwit but will drop to... perhaps USD$10 in long run...

Think that LTC price will be around 20$ plus minus few bucks. But this is interesting considering that most rejected segwit and all anticipate BU to be implemented. However this may be good call to reconsider they option by everything in this, cuz we seen how segwit can be good thing.

This is only option but good one to think about, what would it be it this comes to life. will BTC went to 5 figures?

tobacco123

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The potential increase in value will be similar or even bigger. If you use mBTC as the unit, 1mBTC is about $1.60. LTC was about $3 to $4 before segwit...

Just imagine when same thing (Segwit activation) happened to 1 mBTC, the value will be $1.60 x 7 times = $11.20... USD$11,200 per BTC!

But of course I think LTC is in bubble at the moment. It might increase further soon after Segwit but will drop to... perhaps USD$10 in long run...

joshy23

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Quote from: Doofus on May 08, 2017, 04:15:02 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.

It is a testbed for bitcoin that's why they are activating Segwit on Litecoin. If it is successful, then most likely bitcoin is next. However, we all know that there is still a lot of opposition on Segwit activation on bitcoin network. I hope the scaling drama will end up and just implement Segwit already on bitcoin. So that we can see bitcoin price raise to new level because of this positive news.

Doofus

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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.

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