Bitcoin Forum

BW.com is considering the support for SegWit (~8% hashpower)
https://twitter.com/www_bw_com/status/850147251972329472

Chandler Gao (co-founder or investor of BW) tweets support of Segwit on Litecoin https://twitter.com/ChandlerGuo/status/850141884425027585

Prohashing (currently 1.4% of hash power) says they can get up to 6% redirected to Litecoin and signal SegWit with it.

Clever mining (1.2% of hash) is signalling segwit.

Litecoin will be coming to OpenBazzar soon.
https://twitter.com/SatoshiLite/status/849828707065671680

Litecoin is being added to Coinbase.
https://status.coinbase.com/

Now it doesn't matter, without f2pool it's impossible to get enough hashrate, SegWit on litecoin is also dead.

Good news is, the price increase might not be dependent on that.

who said F2pool is not supporting SegWit anymore? do you have a reference or is it your guess?!!
as far as i know f2pool never said anything about not supporting it and the evidence shows they are supporting it.
i don't know where to see the blocks and where they add the string but the percentage is still between 68% and 70% and without F2pool that percentage would have dropped down to 50% at least and then went down back to 30%

well yeah but it wasn't ineffective either.

---

EDIT:
i found it and yes F2POOL is still signalling SegWit:
https://chain.so/LTC
https://i.imgur.com/t13t3ru.jpg

https://twitter.com/f2pool_wangchun/status/850053367988592642

They'll continue signaling but will pull out before activation.

That stupid fuck must be trolling. He is a known troll that has joked before. He signaled for literally everything in bitcoin during 1st of april.

If he pulls out in 74.9% he's gonna catch a bullet by some pissed off guy that losses millions in the process thanks to his antics. We aren't dealing with tons of BTC, but some people are putting millions of dollars worth of LTC, those guys aren't going to be happy if he actually does it.

Well, he sure did a lot of money out of his little stunt and already a lot of people lost money when their 'margins' or 'shorts' whatever were called because of this.

so you ARE making a guess, because if you read the tweet it only talks about a concern about Litecoin becoming different code than bitcoin in case bitcoin never activates SegWit. that is a lot of ifs there.

also read the answer that Litecoin developer Charlie Lee gave him.

Not a guess, read his tweets: https://twitter.com/f2pool_wangchun

So, Is Wang Chun turn to the master of trolling? Looks like the Chinese were controlling litecoin.

Too many traders are lost in short.
It can be identical to what was happen on the bitcoin too.

Why? What is the point of signalling and then pulling out? Makes no sense.

There is a tweet from F2Pool that they are going to withdraw support for SegWit on Litecoin when it reached 74.9%, these miners are now holding the space ransom. I think there is need to look for a possible way to break their grip on this coin

let's get G maxwell on the LTC team then f2pool will have no more valid reasons not to segwit.

Mining fees, and lots of them as people rush have rushed to get a slice of the action.
Ltc back to .00828000 we might see another rally = more fees, its a game now

even if it gets to 75%, you have to stay above for two solid weeks. i can imagine it might drag on for months with variance and various people screwing with everyone's mind.

that makes no sense!
it is most probably done for trolling or even it is possible to have been an FUD case, we saw a rise to 0.011BTC and this thing with F2pool caused a dip down to 0.0079 and since it is rising back up now (0.0089BTC) i say it was a trick to buy some LTC for some short term profit.

besides i don't think they are going to ruin their reputation by doing something this crazy like pulling out after the 75%

Good stuffs
Congrats to Litecoin!
Litecoin is the true silver to Bitcoin as gold. Dogecoin still have a chance as bronze.

There are split speculation from some litecoin user, I think Litecoin finally show some good movement and suddenly a lot of people supporting litecoin, so I think with this support litecoin can survive and become better, I am going to invest a little and see how is the improvement in this few months, but I have a felling says that litecoin will revive again

BW.com made up their mind as we were expecting and they are signalling SegWit which has increased the support for SegWit on litecoin up to nearly 74% according to http://litecoinblockhalf.com/segwit.php

https://twitter.com/SatoshiLite/status/852039230150688770

and it also seems to have caused another jump in litecoin price up to 0.0095BTC again.

https://www.litecoinpool.org/pools#segwit

Approximately 76.8% of the hashrate is now signaling for SegWit. BW.com just started signaling a few hours ago so the 24 hour average is rising and soon to surpass the 75% threshold for SegWit activation.

Litecoin will get Lightning Networks (LN) off chain scaling. Bitcoin will not. Thus Litecoin is highly undervalued at $12 and should soon make a new ATH above $50. I expect Litecoin above $100 in 2017.

42.2%	F2Pool
9%	LitecoinPool.org
8.4%	HappyChina
6.4%	BW.com
6%	Le6oriAMKX...
2.6%	Batpool
1.4%	Coinotron
0.8%	Give Me Coins

FYI, I took profits on this surge and wait to buy back again later, because I think actually attain activation is going to take at least 2 weeks and probably longer.

In the meantime, I have bought ETH. It is in a descending wedge pattern that is going to close within 24 hours. It looks like it has to break to the upside. Perhaps Ethereum will make some announcement on the Raiden (LN clone) upgrade coming. Looks like they will beat Litecoin to having a rudimentary beta of off chain scaling.

FYI, I took profits on this surge and wait to buy back again later, because I think actually attain activation is going to take at least 2 weeks and probably longer.

In the meantime, I have bought ETH. It is in a descending wedge pattern that is going to close within 24 hours. It looks like it has to break to the upside. Perhaps Ethereum will make some announcement on the Raiden (LN clone) upgrade coming. Looks like they will beat Litecoin to having a rudimentary beta of off chain scaling.

can anyone explain how does the activation percentage work for litecoin because i though i understood it but it is a bit weird!
the activation period consist of 8064 blocks and out of this 4404 or 66.31% is signalling SegWit.
but looking at most sites they are reporting their main percentage based on the last 576 blocks which is 73-74%

so why is that?

If it drops below 75% after it's reached it, does the activation period stop until it gets back over 75%?

But why here show 66.3% only ?
http://segwit.co/ltc

The activation period consists of 8064 blocks. On Litecoin this takes 14 days on average. During the current activation period that is running for 11 days or so has 66% of blocks signaling for SegWit.

During the last 24h (576 blocks) 73% blocks have signaled. The number is growing because the last pool to join in did so less than 24h ago.

Hope this clears things up.

It seems someone had a change of heart, we might have Segregated Witness in Litecoin after all.

https://twitter.com/f2pool_wangchun/status/852056453112377344

┗(°0°)┛ ┗(°0°)┛ ┗(°0°)┛

i think someone changed his mind on the last minute and remove his signaling for litecoin, it make much more sense, then thinking that there was a random return below 75%


wasn't 76.8% why only 73%, if i understood you correctly we need to wait for the block time to have the last activation percentage?

Change of heart: No.
Change of public face: YES

this is what we can call a manipulation using the social media.
1. you start signalling SegWit and push the percentage up,
2. price goes higher than the initial pump.
3. you dump to take a big profit
4. you go on twitter and say something showing you are doubting your decision and create fear that you may stop at 74.9%
5. when price tanked you buy back with the money+profit
6. you say i changed my mind and will continue signalling!
7. price goes higher and now you have more litecoin than you had in step 1.

and by you i mean F2Pool and the gang of investors who dumped in that big down dive.

Insane volatility, but a great time to make money day trading. I sold ETH at a profit and reentered LTC before the wedge breakout!

https://i.imgur.com/gaVXhCd.png

1. An activation period is an activation period. Period. Every 8064 blocks there's a new one. This one (the 5th) has been running for 11,5 days and ends in about 2,5 days. It doesn't stop or start for anything. There's a new one every 8064 blocks. That's it.
2. For SegWit to activate the amount of blocks that have signaled support for SegWit (via a flag in the block) has to be over 75%. So during the next period (6th) at least 6048 blocks will have to include SegWit support flag.
3. The % jumps up and down daily like crazy. It's because of the mining variance or simply put it's just good/bad luck. Different sites use different methods, some show last 24h, some 20h, others show 576 blocks or 500 blocks, and last but not least there are the ones that compare current hashrate. So we are comparing very different numbers.

TLDR:
Daily % is BS! Number of blocks during a 14 day activation period is all that matters.

I do agree that the price will go higher, this new segwit adoption will see Litecoin trying something no other major coin has tried before.

However if it fails and doesn’t result with anything good for Litecoin that would also mean segwit may not be solution to bitcoin neither (low chance of it fail if you ask me) in which case it will push even lower. There is a short term price peak after Segwit tough that is for sure.

It will be interesting to see how quickly LN providers jump on board LTC. If that happens quickly even some of the more optimistic advocates of LTC might be surprised by the price increase.

Well the markets seem to think it is happening - Litecoin price is up 20% today.

The litecoin subreddit seems pretty excited too:

https://www.reddit.com/r/litecoin/

the social platforms like reddit subs for specific altcoins and this forum is always too excited when a rise or even a drop happens, that doesn't show much about the coin and its rise or drop. :D

but litecoin seems to be on the rise again. as i was kinda expecting, all the twitter theatricals ended when they wanted a rise. and here we are now.
now lets see how high we go before the actual activation of segwit hopefully in 2 weeks.

We've reached the 75% threshold for activation of SegWit on Litecoin!

https://web.archive.org/web/20170412134213/https://www.litecoinpool.org/pools

Just need to hold that for 2 weeks. It should climb to 77% if Jihan doesn't increase his hashrate somehow.

I sold all my LTC and don't plan on re-entering because I think it is a manipulated clusterfuck (https://bitcointalk.org/index.php?topic=1663070.msg18560633#msg18560633).

Is the Litecoin party to start? https://www.coingecko.com/en/price_charts/litecoin/btc

and with the new turn of events it seems like we are over the Segwit activation threshold (75%) with a big difference. currently at 80.9% for last 24 hours blocks. keep this up for the next difficulty re-target period and SegWit is activated.


we have been partying for a while now. specially when price was 0.004BTC and went up to 0.011BTC. these are after-party hangovers before the next party of the next day starts ;D

I think this time it is almost definitely there. I mean unless f2pool turns into a pump and dump deal on this segwit issue its 80%+ now, no way they are going back.

A major coin trying LN and Segwit, this is like a dream come true for a experimantalist, definitely worth to see what will happen and how will it happen. Would mainstream get to be introduced to Litecoin from now on in order to deal with faster payments and bitcoin will need to adapt, will it not work as intended and just becomes a useless feature? We will see soon.

if there are any more miner mind games, and i'm sure there will be, they're gonna have their asses uasf'd into oblivion. the train has left the station no matter what they pull.

it's super cool that it looks like it's gonna happen. there's not any need for it right now but a whole lot will be learnt and i hope it kicks bitcoin in the ass to do something too.

Amen. There is no turning back now. Hope segwit will in fact improve speeds and show bitcoin where it should go. Or maybe lightning will burn it to ashes. We will see.

LTC developers already working with Lightning Network developers in anticipation of segwit passing.

https://twitter.com/SatoshiLite/status/852618190655860737

Actually this is what im waiting for the good news about Litecoin. This is the altcoin Ive invested so far for a long time. Because I beleive on this coin that will pump in the market. Litecoin is one of the top in the market it will increase its price so far in the future.

thanks for the share, i just saw this and came to share this same thing here.
Charlie Lee has been really hard at work for the past few weeks, always ready and always watching. he even replies to the major tweets right away, right the one he did to bw.com and convinced them to activate SegWit.

the developers are also working on the integration of Litecoin with OpenBazzar platform.

Yes, Charlie Lee and the developers are working very hard to save and develop Litecoin. Litecoin was one of the most awaited and undervalued coin. People had invested in a hope to gain thinking as it will give a competition for Bitcoin but still its not even near. Hope after the Segwit users become more interested in it.

I'm looking forward to how quickly this is all going to happen. It will be interesting to watch.

This is the kind of work that keeps an altcoin alive:

• Experimenting with new tech to deliver features that BTC doesn't have
• Adding new ways to make the coin useful (as a payment method)
• Having a good and strong community that propose future steps and support the altcoin
• A developer team that is ready to implement new things ASAP

Good news indeed

The price seems to have stalled though. And the number of transactions is still low, see:

https://bitinfocharts.com/comparison/litecoin-transactions.html

Only 4,539 transactions in the last 24 hours. It is worth developers working on the lightning network on a coin that hardly anyone uses?

This is something ive been wondering about myself for a while.
so it gets segwit and lightening, then what? Is it going to be used.
Or is it just something to make a quick killing on.
Ive read on some other thread that segwit and lightening on litecoin.
Is a test run of sorts for bitcoin (cannot find the post or the thread)
Some say bitcoin wont get either.

As far as scaling, Segwit, and Litecoin... it is more of a precautionary implementation. It is better for the capacity to be there when you need it rather than waiting to implement it until after you need it.

As far as Segwit, LN, and Litecoin... it is not only about scaling. Ignoring the scaling benefits, there are a lot of other benefits:

LN:
Instant transactions
Cross-chain atomic swaps
Lower transaction fees
Reduced blockchain bloat and load
Anonymous transactions by use of onion-style routing
Sub-satoshi payments

Segwit:
Fixes malleability issues
Lighter full nodes are possible (you can opt not to download or store signatures, and leave it to the witnesses)
Lighter light nodes use less bandwidth and disk space (don't need to verify signatures)
Miners can maximize fee income and users can more reliably calculate the needed fees
Makes advanced scripting (smart contract) easier
Reduced blockchain bloat and load

More info on Segwit benefits here: https://bitcoincore.org/en/2016/01/26/segwit-benefits/
More info on LN benefits here: https://en.bitcoin.it/wiki/Lightning_Network

Just need to ensure F2Pool guy stays off the opium during the next two weeks and we'll be good to go. What until it's actually activated and news of other advancements are dropped. It will interesting!

My opinion is that when segwit is activated it will be used for a pump - to make a quick killing, as you said.

I don't think anyone is going to actually use the lightning network.

If the ability to complete large number of transactions is never needed cryptocurrency will have failed. It will slowly dwindle in market capitalization, exchanges will close and it will just be a niche business.

maybe it'll be another openbazaar. lots of opening interest and then not alot.

and litecoin doesn't need a lightning network, it's cheap and fast enough as it is. however it's gonna answer a bunch of questions people have about it and that's the important thing.

Really glad that this happened. Seems.to be working correctly and what not. Segwit has a huge 1mil bounty and i doubt it is hackable. Good job to all involved.