Bitcoin Forum

Just saw this:

https://www.reddit.com/r/litecoin/comments/62nuwq/f2pool_just_signalled_for_segwit/

It's actually real.

Will we get segwit for LTC soon? It only requires 75%, BTC 95%

f2pool signaling segwit made the price go up in seconds. Cant this make miners see that segwit is good and valued in the market and then we can finally get segwit?

What does this all mean for BTC?

Good news for Litecoin.

IMO this is what it should be used for; trialling new features and innovating. It can road test and iron out problems in new tech ready for Bitcoin to implement.

Although, imagine if Bitcoin becomes so stagnant that the Core devs move to Litecoin ;)

might be a Duplicate. but atleast not censored (self-mod) by the blockstream fanboy with no C++ reading ability

lets leave Lauda's self-mod topic for the core fans to live in their cabin fever, and dream up their own stories

---

anyway i feel discus (f2pool) has a open pool of varied opinions from a variety of miners. so they will have a variety of flags.
though april fools may play into it.

Doesn't seem like a dupe, this thread is focused to the matter of Litecoin's segwit, and what happens if its reached, to Bitcoin.

I think it's great for Litecoin holders, I don't see how it can't go up in price, considering how all those altcoins pumped, LTC hasn't properly pumped yet.

Bitcoin miners may signal for segwit too, once they see the Litecoin beast awaken.

This is hilarious, everyone on Reddit is having a great laugh over it (cf https://www.reddit.com/r/Bitcoin/comments/62o1ws/for_litecoin_f2pool_signaling_segwit/)

 Best Bitcoin April Fools joke ever.

https://www.blocktrail.com/BTC/block/459816

:-)
:-)
:-)

Scaling would actually destroy Bitcoin's store of value so you'd see its price trend towards <$5 within years basically nothing. But it wont happen directly with bitcoin as theres a million ways for scaling to be applied indirectly to bitcoin. Anyways, nothing will happen with Bitcoin and as each month passes and as more and more alts get scaling...it will be apparent that it matters not as bitcoin will not only remain KING of cryptos but become more dominant in price/market cap. The real store of value asset.

It may, if f2pool starts signaling segwit for bitcoin, bitcoin may have a SW first.

miners dont want segwit, or offchain scaling because they wont fees.

its time to cut them off by changing the algo

Great April Fool's joke from what it seems.

On objective wear, LTC is easier to accept than BTC, it only needs a low 75% support, it's a lot lower than bitcoin, so I suppose LTC can decentralize, and LTC will deliver Grows a lot when that happens. LTC has been around for a long time, but it's not as popular with other currencies. Segwit is a good thing for LTC, it will help LTC to grow strongly in the future. I support segwit for LTC. However, it is too early to talk about that, I think we should check the accuracy of this news.

Holy smokes, Litecoin's segwit is already at more than 48 percent:

https://preview.ibb.co/mxmEFa/ltcsegwit2.png (https://ibb.co/jXuegF)


can litecoin do what bitcoin failed to? I guess its time to buy some LTC.

Ps: Pic is not photoshopped!

http://litecoinblockhalf.com/segwit.php

it is photoshopped because the site shows 49.31% :D

but joking aside this April Fool joke and F2Pool is the hot topic of the day today. all over reddit they are talking about this, and it is not clear if they really signaled it or is it like their bitcoin signalling all the proposals at once!!

in any case i hope it is real and others join in too, we only have 25.69% to go.

dint roger ver convienced f2pools to mine BTU?

I doubt miners are that stupid to play around with such a serious matter, this has to be real, at least for litecoin. Miners would see nothing but a lot of profits by activating segwit since the would explode (btw is already going up)

this has been great, ever since i heard the news i was buying litecoin again and now it is about 20% up and the volume seems to be picking up too.

i have been saying all month that if litecoin moves towards SegWit the price of it will go to the moon and right after we will see it activate on bitcoin and that goes to the moon too. hope some people listened at the very least.

I hope the price rises make miners see how market majority wants segwit activated.

I think litecoin's segwit activation is real, but im not sure if tomorrow f2pool will continue with bitcoin's segwit signaling. If they are fucking stupid they should.

Agreed, Charlie Lee wants Segwit, users want Segwit, it's good for Bitcoin to trial Segwit, it's good for miners if price is higher if Segwit activates. I think there's a lot of momentum there at the moment and it would be a shame to see that wasted. If it's an April Fool it's just going to be pretty sad, really, and might kill the mood like a Cliff Richard song.

charlie wants segwit, due to him and his bro being funded by DCG

April fools is already over in China, the joke would be going too far if he switched off now, it would make a lot of people invested in LTC lose a lot of money. Apparently people has invested in scrypt mining gear too. If he pulls out now he's asking to get shot. Those kind of jokes have real life consequences.

The economics are not a joke. This is virtually a sure thing. Anyone not buying LTC right now is going to be butthurt and have less BTC than those who did. However, SegWit signaling has stalled at 58% for the past hour or two (http://litecoinblockhalf.com/segwit.php).

The economics are such that which ever miners have a vested interest in keeping the LTC price down thus not signaling SegWit will gradually be debased within the hashrate because those who are buying up the old model A4 Scrypt miners are only profitable at this higher price. So they will signal SegWit as the supply of A4s becomes sold out.The new models which are twice as efficient are monopolized by those who want the price to go higher. This economics seems inevitable.

Yup, I already converted a lot of what I had to litecoin. I'm sure it's going to see better rises than bitcoins, plus you know worst case scenario is that the amount you paid in bitcoins is the amount you'll get back if it crashes.

Seems stuck at 57-58%


How long you guys expect until it grows to 75%?

What miner pools will switch first to join the majority and get us segwit in litecoin?

Can people buying ASICs really make a change?

BTCC can probably push it over 75% (https://bitcointalk.org/index.php?topic=1850030.msg18421269#msg18421269) when they are ready to make their move.

but they probably wonder if that Segwit will help LTC in price then it will be politically incorrect hurting BTC miners...
I bet some farms have bonds between each other and tey have buthurt what to do activate and sell expensive LTC or not and keep BTC in lower position that NO ONE wants segwit.

From fundametals LTC doesn't really need segwit for transaction this is just marketing push to show that they can act faster than BTC.
Some people will buy tht BS hahaha... I stay away from LTC (4000tx/day and it jumped only because people want to sell on current pump and exit )
same rime ETH is rising while BTC is falling in transactions.


I like that chart so much becouse is shows true value of crypto and its movement :) ...
Sadly BTC is falling while ETH is booming. Even from fundamental point of view ETH should with current circustamces surpass BTC at some point in year.


https://bitinfocharts.com/comparison/transactions-btc-eth-dash-ltc.html

this one is allso great...
https://bitinfocharts.com/comparison/sentinusd-btc-eth-dash-ltc.html


LTC nice jumped 10x in value transaction on pump so this is nicely dumping action going there.
Daily 20m$ of LTC is dumped on market

look like all $ transfer is booming on ETH network and that rise is not proportional to price but exponential
https://bitinfocharts.com/comparison/sentinusd-btc-eth-dash-ltc.html#3m

looks like people are using ETH to move fiat eth jumped from 0.1%ofBTC to 25%ofBTC....
THIS IS FUCKING HUGE...
If ETH won't fuck up in code somewhere and course big collapse it will go over BTC IMO hard data shows that.
Looks like 1/4 of market have switched already to ETH as fiat transfer
to be honest i think about it too becouse is faster and cheaper even with minimum fee its max 10min :) while in BTC it 10m block.

Realy if ETH wont broke in code it will take over BTC this is not my dream this is data.

Interesting... before it became official, I suspected the pump had some relation to segwit. It will be interesting to see where this goes, and speculate on the effects of this if the improvement comes to Bitcoin.

A chart communicates more effectively than 1000 words... (https://bitcointalk.org/index.php?topic=1663070.msg18421588#msg18421588)

Wow, it is rising fast, SegWit supports reached 58% it means that we are only 17 percent away from reaching consensus (75%)
So this is the reason for sudden price of Litecoin rise? Insider news sure traveled fast. If the situation continue we will have LTC SegWit next week.

probably segwwit pump :D then BTC will have fomo :D adopt and pump too same way ^^
i bet those who pumed have triger on pump start they just prepare news release to get attention to sell segwit and pump LTC then tea next 4 years of dumping to next big thing ... and cycle repeat.

https://twitter.com/SatoshiLite/status/830042779103268864

https://www.cryptocoinsnews.com/no-primary-litecoin-pool-will-upgrade-segwit-says-ltc1btcs-founder/

https://www.reddit.com/r/litecoin/comments/5rilk1/batpool_overtakes_ltc1btc_as_miners_want_to_show/

https://www.reddit.com/r/btc/comments/5rh180/no_primary_litecoin_pool_will_upgrade_to_segwit/

https://www.reddit.com/r/litecoin/comments/5rh5zq/no_primary_litecoin_pool_will_upgrade_to_segwit/

Some say that segwit is already activated for litecoin. I believe that litecoin has got increased chances of activation as the capital is quite low compared to bitcoin. Bitcoin support has been found good from the miners side and  business people after the entire community coming together to make concensus.

So about ~70% atm.

LTC will sure enable Segwit before BTC. The percentage signaling for Segwit has increased from about 30+% yesterday to close to 60% today. I think it will reach the required >75% by this week.

Looks like it's actually happening. Congratulations to LTC hodlers, price has been going up so much with this news. Who knows how high it will go once it actually crosses the dreamed 75% barrier!!

The Litecoin price continues going up as the support for segwit is solidified.

This shows that the market wants Litecoin on any coin. Syscoin also saw a price increase, but Litecoin is a more serious alt with real usage.

I can see a big % of gains happening with Litecoin, it probably has been extremely undervalued for a long time.

It was, and still is undervalued. Especially if you put it up against the gains that other alts have been going through the last weeks. In that regard, I wouldn't be surprised to see Litecoin smash through $15-$20 in the coming months. If Segwit gets activated on Litecoin, then the market will go complete nuts and then we'll see a real price explosion. I greatly prefer money flowing into LTC over having the same money flow into ETH and Dash.

It requires 75% over a prolonged period of 2 weeks to get activated.

Looks like 3 of the big pools representing about 30% of hash rate are not yet signaling support. If one of them changes then it looks like a real possibility.
Looks like f2pool are still signaling segwit support on LTC.

It's quite a good indicator of real world usage, and not just exchange IOU activity. BTC has hit its cap, and ETH still has room to grow. No other coin seems to be a serious contender. The current LTC pump, and the DASH pump'n'dump just doesn't show increased on-chain usage.

Usually it's the opposite, after code gets tested and proven to be solid in bitcoin, eventually, litecoin gets updated with it.

BTW, people been bitching about bitcoin block size increase, litecoin has the same code and a bigger block size.

We will and no doubt, The lite coin will be the alternative way for the bitcoin. The users are want to do a fast transaction and they can use the Off-chain transaction through the litecoin itself. In this time in my opinion, if the litecoin SegWit to be the backup by the Bitcoin scalability.


But do you see another competitor proposal like the bitcoin block votes?

It means litecoin is backup for the bitcoin. I just realized it as off-chain solution by the scalability problem of bitcoin.

Yeah LTC is definitely going to get segwit before bitcoin. Its not that they need to, their transactions arent that high, but it will be a great testnet for bitcoin.

They will have loads of transactions if they enable SegWit because Bitcoin never will get LN off chain scaling (which is the only way to scale).

There will be no more protocol upgrades for Bitcoin. Satoshi designed the game theory that way.

I have been closely following this website:

http://litecoinblockhalf.com/segwit.php

Wow!!!!!!! 65%+ now

I read that a new pool has joined, and soon will be 70%

only 5% to go!!

If you don't understand this, then you need to read all my writings and follow all my links. I don't have time to re-explain it all again.

http://reddit.com/r/litecoin/comments/631ffe/pools_that_block_litecoin_development/