Bitcoin Forum

Edit: 22 April
I changed the title to TBD since the percentage dropped and has not gone up yet. feel free to discuss what you think of new things you hear about pools signalling here.

---

i only know 2 sites that are reporting progress on litecoin SegWit:
http://litecoinblockhalf.com/segwit.php
http://www.segwit.co/ltc
and neither one of these are showing any date and time until the activation. and all the information i read online from users are all over the place, everyone is saying a different time!

this is what i understand from how things work, correct me if i am wrong so that this topic may work as a reference if someone had any questions or doubts about it like me:

• The activation period consist of 8064 blocks.
• during this time there should at least be more than 75% of the blocks (6048 blocks) signalling SegWit so that it can be "locked-in".
• there has been 5 completed periods with none of them reaching this threshold.
• now we are in 6th period. 1605 blocks are mined and 6459 more is remaining.
• according to the second site: "SegWit will activate on the network during the next period"
• time between litecoin blocks is 2.4 minutes[1] which means it will take 258 hours or 10.76 days till the end of this period.
• the hashrate supporting SegWit needs to stay above the threshold for the whole duration.

https://bitcoinwisdom.com/litecoin/difficulty

Close in most details. The design time for litecoin is 2.5 minutes per block on average. The threshold of 75 percent can temporarily be below 75 percent during the duration of the activation period. What's important is that it averages out to be 75 or above during the activation period.

Because of variance no one knows the exact moment segwit will lock in. We can with reasonable certainty pick a time +/- 12 hours for lock in. If during the time period we reach 6048 blocks signaling it's a given that segwit will lock in at the end of the activation period (so for practical purposes it's locked).

So if it spends 24 hours at 68% what are the implications ?
Seems like walking on egg shells at the moment.
The potential of what activation could mean if only people would wake up !
Happy to ditch BTC any day for some forward progress.

Still a long way to go, 10 days or 2 weeks depending on the hashrate. Anything can go wrong at any second. It peaked at 0.0019 satoshis today, and now, 0.0098 satoshis, im glad that I didn't buy, maybe we can buy back cheaper.

Your numbers are a little off: it peaked at .0107 and sits at .00985. Things are just getting started, much higher numbers coming.

it's gonna be a bumpy ride. there's massive extra hashrate being flashed around. you'd be naive to think it's already in the bag.

This is an exciting time for litecoin and the community. Here is a question for all of you. If Segwit in bitcoin does not activate will the bitcoin developers who planned on setting up a Lightning Network work on a Segwit activated litecoin? Will they bring all their research and technology so that they will be of use?

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

The price may go up because of it. I personally hope that the coin goes down in value so I could purchase a bunch of it.

what, 0,0019 sat ? when litecoin price hit this point ?
are you serious about this,, i think your typo is wrong or forget to delete one 0 (zero)

regards

I think he meant LTC/BTC rate is 0.0019. Of course the price could never be below 1 Satoshi

All in all what is it good for ? Litecoin was meant to be 4 times quicker than Bitcoin anyway to address the slow transaction problems Bitcoin has from time to time........

Whether SegWit adds more speed or not, SegWit offers developers a way in to add a multitude of transactional tricks, this is of more interest for many than speed of Lightening which it doesn't really need right now however if you watched the presentation by Charlie Lee he offered some use case in combination with Bitcoin.
Although the specific working numbers of LiteCoin do not match Bitcoin I see it as similar to Bitcoin as a solution handed out on a plate for all those who want an immediately cheaper, fast, programmatic system that could thrash VISA transactions.
LiteCoin has almost clinched the deal on having something Bitcoin desperately needs.
I've never checked the transaction speed, maybe it is 4x faster but really, to be something to compete with VISA 4x wont cut the mustard.

well if you had an investment then you would have known and you should have cared, and if you didn't have any litecoin then why would you even care :)
besides you can always open a chart and check for yourself. what he said is simply a type with a misplaced zero. price went up to 0.0109BTC (0.01085BTC on polo)


it fixes malleability problem and then it also opens up way for lightening network.
but most important of all, it is a check to see how SegWit and LN would work on bitcoin. how the network and miners are going to be affected by this and a lot more. then eventually lead to a more definite decision on bitcoin.

If not bitcoin then ETH will have it own version LN - Bitcoin miners won't stop technology :D...
ohhhw they can stop their profits by giving they profits to ETH miners now they get all most same $$$$

litecoin is 4x faster because the block tiem is 2.5 of what is bitcoin, if you reduce the block tiem to 1 minute you get more capacity, it's like you have the block at 10MB, because you have confirmation faster and can handle more transaction in the same time as bitcoin, now can you share what are those tricks that segwit can brign to bitcoin?

lol, we have all been so hyped up for litecoin because of SegWit but it is not magically going to become a good enough coin to leave bitcoin for!


i'd rather use litecoin or even Dogecoin instead of eth with a huge ICO which everything about it is centralized. whenever i decided i want centralization i go to the banks and use fiat happily.

Good to see this happening. I do not think the activation will take the currency to fifty dollars or something, but the important thing is the benefits this will bring to the ecosystem, and to Bitcoin, of course.

I think if lightening gets implemented too then it will be bigger than many think.

Segwit for coins that nobody uses much is not a big deal but segwit and LN for ltc that is going to be much more of a big deal i think.

We will wait and see.

It'll need to go above 80% for a bit to make up for it in order to hit the target.

So it seems it won't activate. jihanwu will stop segwit with the miners he was supposed to sell, so he delayed preorders and now he mines with the already "sold" equipment. 63% atm and dropping https://www.litecoinpool.org/pools
Supporting segwit on litecoin would harm his anti segwit position on BTC so that's why he's so adamant to stop it. I don't see how LTC can have segwit activated with 75% because bitmain has no competition in building asics.

USAF can't be done without 51% of mining power, preferably 75-80% for safety. And a POW change to dagger-hashimoto, aka asic resistant, something ethereum uses, would be dangerous because then charlie lee would have to fight every chinese miner aswell.

Yes, litecoin price is increasing trend up today and it will be more going up because of the activation of segwit on litecoin will happen, it is good news and innovations for litecoin.
You don't hope that the litecoin's price goes down, usually there is time to correction of price and you can buy litecoin on there, that is good time to buy litecoin because litecoin's price will goes down little.

I misplaced a zero, I meant to say .019, and as expected the price is going down because Jihan Wu is screwing up investors again with his anti-segwit policy. Thought luck for those still holding LTC. Only way is down now and who knows how low it will go.

According to the following they're at 63.8% in the last 24 hours:

http://litecoin-segwit.info/

which is not great, but still retrievable.

Non SegWit pools control more than 35% hashrate now:

LTC1BTC: 18,2%
LTC.top: 12%
Antpool: 5,2%

https://www.litecoinpool.org/pools

Doesn't look good.

As long as Jihan Wu has the ability to block SegWit activation on litecoin he will do everything in his power (because he can.) Buying litecoin now is a crapshoot. There are better coins in which to invest your money.

Litecoin never needed deadwit, all litecoin needs to explode into space, is for coinbase to get off their asses and have a direct LTC purchase.

After that , hang on it's going up.  ;)



 8)

Just like Ether did when Coinbase added it to GDAX? Ether went down 70% in six months.

That is completely irrelevant.  Ether crashed because the dao hack and the fail rollback that lead to a completely new shitcoin.  Fail.;

Hmm,
You seem clueless to the fact since BTC has begun failing because of high transaction fees and being overpriced.
That the alts are growing.
Eth went from $15 to ~ $50 , over 3X profit in less than 2 months.  So feel free to miss out on the profits , if you rather just be stupid.  :P

Examine BTC Dominance: 66.8% on CMK, it lost 20% in 2 months, BTC is only for the ultra rich now, no one else will mess with it, meaning all of the money from the rest the world will pour into the Alts.  ;)
http://coinmarketcap.com/charts/#btc-percentage

GDAX & Coinbase may be owned by the same company, but the majority of coinbase users never mess with GDAX at all.
The direct coin base wallet is the one that the majority use, and BTC & Eth are the only two on it.
When LTC is added BTC dominance will drop even more.

 8)

I also saw this https://mobile.twitter.com/SatoshiLite/status/852623348769017856

It is now looking like all the developers who were working on the Lightning Network for bitcoin will transfer and continue development for litecoin. What of the others like Mimble Wimble? They also need segwit activated right?

No segwit and LN can not function trustless , ie: it is crap without the deadwit.
http://litecoinblockhalf.com/segwit.php

Segwit support is now below the 75% needed, segwit is deadwit.   :D


 8)
 
FYI:
Deadwit would let the Banking Cartels steal transaction fees directly from the miners,
Do you guys really believe the miners are that stupid.
That is why they will block deadwit with their last breath, if deadwit wins they all lose.
And the ones claiming adding deadwit will help everyone is a bunch of lying ass btc core trolls.

they are the same developers of litecoin that worked also on lightning  network and they will continue doing so, this is not the end. but sadly once again it was proven that politics in bitcoin and by extension in litecoin is going to prevent us from moving forward.
p.s. i am not sure how Mimble Wimble works! but i think yes it needs SegWit.

If Litecoin had a bigger community they could all start mining and try to force it through, it is a script coin after all. But they are not big enough, and that's their biggest flaw.

The issue is the guy with all the hashrate is the guy with all the technology if anyone starts to try and take it back over he can just throw more machines at it.

Please stop spreading the nonsense about banking cartels stealing transaction fees. That's garbage.
Segwit is a malleability fix, it brings 2nd layer scaling, signature optimization, more block space, less bandwidth, better utxo mgmt,
easier hardware wallets. It makes cryptocurrencies interoperable: Imagine being able to pay with Litecoin in a shop that accepts Bitcoin only - no problem if both coins have Lightning network. This would make BTC and LTC so much more useful that miners would own a lot more money.

It just looks to me that segwit is not going to make it on LTC.  It keeps getting knocked down for some reason?

i think the excitement is over for now. now less than 65% at present. to have a chance it must remain over 75% from now until the end of this period.

the next thing we'll see is whether jihan wu hangs on to the miners he was supposed to be selling to people. maybe it'll depend on when he gets more.

Antpool just dropped to 55ghs maybe Jihan is up to something again.

May be we can wait for now. Let us observe for some developments or anything related for pump or dump of LTC. Lets all hope for the best.

You dear sir , are Clueless.

Deadwit would let the Banking Cartels steal transaction fees directly from the miners.


 8)

FYI:
Don't like hearing the truth use the ignore button.  :-*

Please explain, or link to a technically valid information source that's able to show such.  This is pure FUD from everything i've read about segwits use and implementation.

Ok you asked for it.
Put your Reading Glasses on newbie.  :D

https://bitcointalk.org/index.php?topic=1782081.msg17909676#msg17909676

https://bitcointalk.org/index.php?topic=317658.msg17988745#msg17988745


 8)

it is possible that they are redirecting the hashrate to block SegWit for the timebeing and when it is successfully blocked then again redirect it to mining a more profitable option (back to bitcoin?), since they still have to make money too.
also it is possible that what people said about them using the ordered miners they were supposed to deliver, is true and they were actually mining with those equipment.

by the way where is the best place to check the litecoin hashrates?

Firstly a scrypt miner can't be redirected back to bitcoin (sha256), an ASIC chip is either designed to mine bitcoin or mine litecoin not both. There were a handful of ASICS built at one time that had two chips on board to mine either; but, they were highly inefficient and basically novelty items.

Secondly with approximately 30 percent of the hashrate and the most efficient LTC miners on the planet they are earning 42K US a day. Why are you suggesting that they aren't making money?

Here is a good place to monitor hashrate of various pools:

https://www.litecoinpool.org/pools

Go signal for the user activated softfork now (google it... add this to your wallet: -uacomment=UASF-SegWit-BIP148)

Do it. Just do it.

For the sake of both your investments and the future of cryptocurrencies.

Then ETH will have LN and they will steal YOUR Most TRANSACTIONS HAHAHAHAHA...(while your coin will become pice of shit )
NOW ETH:BTC is almost 1:1 with fiat $$$ mining
Banking Cartels - lol - FREE MARKET will do it
greedy miners/government/user won't stop technology from advancing BTC/LTC will be like telegram while others will play mobile phones (ETH)...

The segwit percentage is creeping back up - now at 69.4% for the last 24 hours. If it can just surge and hold at about 80% for a few days, it should have made up for the recent drop.

And price started moving up again, there may be some causation between SegWit signaling and price. :D :D

Some turbulence ahead, put your seatbelt on!

Signal slightly higher now at 71.59%.
Damn how miners can manipulate their coin's price

Lots of manipulation - it's amazing how a few tweets and changes in signalling can move the markets. I really hope they don't attempt to string this out to the next period, we've had enough drama!

The price will go up without  a doubt when Litecoin activates segwit, it will be a bubble but I have no doubt that the price will be higher than it was before segwit, this will be a great testing ground for segwit and if it works maybe we will see an increased interest for segwit coming from bitcoin miners.

I actually greatly appreciate that, sensible explanations beat childish name calling any day :)

Read both those concerns, one requiring the 51% control of mining already has known potential exploits even in bitcoin so, although legitimate, comes with the territory to some extent.

The incredibly anachronistic fractional reserve analogy is intriguing, but it's not totally apt, since in this LN exploit it would require active intent to defraud (not that someone wouldn't given the opportunity).

The segwit as softfork issues I see as more concerning, less the irreversibility but more the potential chain breakdowns.  Immutability is the cornerstone of this whole technology.  With that said it's far from impossible to imagine, with active code development, the kludges being ameliorated or even eliminated over time.

I'm no fan of fractional reserve banking, but see much of this concern hinged on some EXTREME "what ifs", and even then if the tech fails and LTC goes with it, then it will serve as a lesson for BCC and other teams to learn from.

Segwit isn't sexy, or even remotely pretty, but it does seek to address long term usage issues in existing blockchain systems.  Ther MIGHT be better solutions, but it seems insane to not try it.  I have some money in LTC and am OK gambling that on code that might help all of us, even if that help is only learning the hard way it doesn't work.

Absolutely no doubt the price will go because of it.

litecoin SegWit will be activated soon enough and one miner can not prevent it.

remember that before Jihan started to prevent LTC SegWit, the rest of the miners we all supporting SegWit and everyone was getting on board. the percentage of support was above 80% and nearing the 90% point and LTC only needed 75%!

if Jihan continues messing with LTC SegWit, the route of UASF can be taken and since there is still a lot of hashrate behind it (the whole miners except 1) it can smoothly activate. he just slowed things down.

Let's all wait and braced up for the pump of LTC. :)

Indeed, this SegWit activation creates an excitement to LTC community. Hoping to see a 14-20usd soon.  ;D

Good news a resolution reached and Bitmain is on board.

https://medium.com/@Litecoinchina/litecoin-global-roundtable-resolution-001-2017-c67b729bc06d

Shouldn't be long before all major pools are signalling. They tested for a few blocks yesterday so are ready to go.

Well the price is moving up nicely on the back of that.

Unfortunately the signalling is back down to 62.4% in the last 24 hours. They are now going to be more than 80% signalling for the rest of this period to make up for it.

They did publish and agreement but didn't publish a time scale.

They might drag it out for months under the guise of 'testing' so they can play with the market more.

Are you sure? There’s a lot of manipulation going on right now and I can’t help but to speculate there’s a good chance that the whales will bank on us pumping up LTC thinking Segwit will be activated and then stopping it once they’ve cashed out only to repeat the process.

Once they start signalling over 90 percent for the rest of the period will be typical. It would be nice to see them exceed 95 percent during some 24 hour periods.

it is getting too hard to follow what is going on with Litecoin's SegWit activation these days, i imagine Charlie Lee running around door to door, talking to everyone and convincing them about SegWit. :)

anyways i changed the title to TBD (to be determined) since it has been well below 75% for some time and we don't know when that is going to change.

the good news is that price doesn't care about it apparently :D

Market never did care about deadwit.

It is the direct LTC to FIAT Wallet on Coinbase , that is what matters and when it activates.   :D

https://s-media-cache-ak0.pinimg.com/originals/42/a2/77/42a2773ce5496dbb1ca1abd802768b16.jpg


 8)

Braindead kiklo and franky1 continue negating reality, meanwhile altcoins that are about to get segwit instapump everytime positive news about segwit arise. LTC will reach an ATH if segwit is activated because it's the only viable way to get all the efforts developed in LN within a real coin, because BTC will not get segwit anytime soon (if ever)

It is puzzling to me that Segwit support is still under 75% even after the super secret China/LTC developer summit where they supposedly all agreed to support Segwit, Jihan included.

Furthermore, it kind of irked me that Charlie+ other LTC developers seemed to promise Jihan that they would increase the block size when it is half full. He does have enough power and sway within the LTC community to make sure it happens, but it is practically declaring Litecoin is an oligarchy with Charlie and the Chinese cartel pulling the strings. I understand he was just doing what needed to be done (compromising) to get Segwit activated on Litecoin, but it still doesn't sit quite right with me. Bitcoin is better in these regards, as there is not one single person with that much sway within the communtiy since Satoshi dropped off the face of the planet.

yep as i said earlier the cartel's shorts where having less effect each twitter 'scam' announcement, so sooner or later they had to go long  :-X

New info on LTC:

http://www.coindesk.com/litecoin-miners-back-plan-support-segwit-blockchain-upgrade/

It's already at 70% right now.

but it was at 75% before, and then returned back why? but the value is higher, this is weird, i think investors are buying without knowing what they are buying, following the hype of other investrors that start the pump, or simply this market is rigged and will crush soon, i only whatch for now to dangerous to enter here

Where can we see this hash rate sir?

You can find information here:

https://www.litecoinpool.org/pools

The last 500 blocks info will continue increasing to over 90 percent within the next 20 hours or so. Frankly I'm hoping for 95 percent to be maintained over the coming days so LTC demonstrates it can even beat the higher threshold.

Once passed I'm looking forward to the Lightning Network announcements. Upcoming confidential transactions announcements is something else I'm interested in as well.

Thanks for the help man. 😀

Indeed not a good time to buy, but surely for sell. But I think the price and the % required for segwit will soon increase. So, those who are a bit risky, there is still space for day trading.

But if you are believing that its price will pump to the moon. This is the best time to buy. Hahaha

That will be giving another boost to the LTC price market. I would recommend to sell a part (1/3) of your LTC holding on these times. And another part (1/3) to be sold on the above announcement or implementation time. Keep a part (1/3) for long term.


Major play is on the human psychology mate, the trading can't be ever predicted for 100%, but surely can make calculative risks and speculations on facts, news and trends.

Signalling is now at 77.5% in the last 24 hours.

Hopefully it will continue like that and will activate this period.

I sold my stash when the price jumped, managed to get a 10% return, and I am content - will wait to see what happens after segwit activates. I kinda think that when nothing much happens, the price will go down again. There were only 7,768 transactions in the last 24 hours, no-one actually uses this coin:

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

I don't know why this is so difficult for most to understand.

There needs to be 6048 blocks signaling SW during the activation period. The average daily percentage of pools signaling does not matter, only the amount of blocks matters. If we don't solve at least 6048 blocks with SW signal then we will need to wait until the next activation period.

Currently there are 3776 blocks signaled SW, therefore out of the remaining 2774 blocks left to be found in this period 2272 need to be signaling.

http://www.litecoinblockhalf.com/segwit.php

wow. that will be tighter than tight. i don't believe any coin can ever have that much consensus.

The pool percentage only needs to be 82% or higher during the next ~4 days. No worries.  2272/2774 =81.903%

Then please explain why litecoin is going up? Of course it has something to do with segwit. Why do you keep telling it is not? Are you trying to make us believe that it is not or are you in denial?

If you bothered to look at the Markets,
you would see the US & Europe are the ones Pushing up the Price and LTC is running a few dollars cheaper on EVERY Chinese YUAN pairing.
http://coinmarketcap.com/currencies/litecoin/#markets

The Direct Coinbase LTC/US$ wallet is all the US / Europe merchants care about,  after it is setup BTC will have zero advantage over LTC in the merchants eyes.
Cheaper fees and faster transactions with no capacity problems.  No one but the BTC Core Trolls give a shit about segwit, because it will not improve LTC at all,
they don't need crappy Offchain Counterfeit Transactions , when they have plenty of Actual Onchain Verifiable Transactions Capacity available.

Look at GDAX it has one of the highest prices for LTC     GDAX   LTC/USD    $8,969,610    $15.42    
Because the rich guys are buying it up , in preparation for the direct coinbase LTC wallet.

Segwit is completely irrelevant and a non issue, shrills push it matters because they want to trick BTC into activating it.
Make up your own mind , from observations of the markets, not unsupported shrills.  :P


 8)

FYI:
https://twitter.com/SatoshiLite/status/855157402290671616
Charlie Lee @SatoshiLite Apr 20
Which do you think will happen first?
63%  LTC on Coinbase
37%  LTC locks in segwit

Segwit is more about initiating Lightening and a slew of other new things in the pipeline (It's less about the block size imo)

Oh yeah, and it'll wipe out the ASICBOOST advantage.

Your FUD spam is the reason why self moderated threads exist :)


haha, it reached 98.26% for the past 576 blocks in the last 24 hours.
the total is also at 4068 (72.82%)

correct me if i am wrong but i believe if we see 75% SegWit is officially locked it and this period becomes the last one.


+ malleability fix.

And I am very glad that they are losing their effect, although unfortunately, they still have an effect and that allows them to manipulate the market; just not as much.

Can't really compare Chinese markets to the west right now until coin withdrawal is enabled again. You provided a link to the litecoin markets as your proof; but, looking at bitcoin markets you can see the same lower prices for bitcoin as well.

http://coinmarketcap.com/currencies/bitcoin/#markets

Until the exchanges in China receive regulatory approval (and no one knows when this might be) the discrepancy between exchanges will continue to exist.

https://www.bloomberg.com/news/articles/2017-03-08/china-s-top-bitcoin-exchanges-extend-suspension-of-withdrawals

Likely, LTC and BTC prices would both be higher if it wasn't for the concerns of the Chinese government.

You also state:


I don't disagree that the addition to coinbase is going to be benificial with the expanding growth of LTC merchant use. Other payment methods supporting litecoin such as Gocoin, Coinpayments, Alphacoins and Coinify provide some merchant support; but, definitely the exposure with Coinbase helps.

Merchants that utilize payment methods with companies like coinbase generally have no knowledge of faster transaction times or capacity of a cryptocurrancy. Why would they? These merchants receive their payments in their local currency, the payment processor receives the coins not the merchant.

If the payment processor provides a better conversion rate with LTC, because of the lower fees the customer may notice and choose LTC over BTC.

No argument there, Seqwit is all about making LN trustless so the Bankers can take over crypto.

Litecoin Scrypt ASICS does not have ASICBOOST, only BTC SHA256 ASICS.


 8)


 

Fud or Logic , shame you can't tell the difference between the two.  ;)


 8)

Good at least we can agree on that.

Did we not say the same thing :
I said: after it is setup BTC will have zero advantage over LTC in the merchants eyes.

You Said:
Merchants that utilize payment methods with companies like coinbase generally have no knowledge of faster transaction times or capacity of a cryptocurrancy.
Why would they? These merchants receive their payments in their local currency, the payment processor receives the coins not the merchant.

The People Sending Crypto to buy or pay for stuff are the ones that will prefer LTC over BTC ,
and these people will become aware of the advantages of LTC over BTC in time.
BTC price is already so high many would rather hold it and sell it , than use it as a payment system.
BTC Priced itself out of the micro-payment markets and it is now pricing itself out as a payment system altogether for the poor & middle class.
Only the rich will use it, which is why they are pushing LN for the Poor to use it.
The Rich use the Onchain non-counterfeit-able system while the poor are left using LN Offchain Counterfeit-able fractional reserve system,
really no difference from the current banking setup.  :P

Welcome to financial slavery 2.0 the Lightening addition.
Satoshi is rolling over in his grave, the Banking Cartels will have destroyed everything he set out to do.


 8)

I hope that does not happen, LTC will benefit greatly from approving segwit as fast as it is possible we don’t need more manipulation and political moves like the situation that we have in bitcoin and that is causing some users to lose faith in bitcoin and its future.

I was looking at coinmarketcap thought the price jumped a bunch than realized they pulled the asian markets from there charts which is smart was pulling down the prices.

Considering withdrawals have been disable since early February it's about time they sidelined the China exchanges when presenting current price. It will be interesting to see how the markets in China react when (if?) these restrictions get removed.

"The Rich use the Onchain non-counterfeit-able system while the poor are left using LN Offchain Counterfeit-able fractional reserve system"

So what!  As long as 98% of LTC LN transactions allows people to purchase goods and services, it matters not a fig if it has a remote chance of being counterfeitable.  Comparing it to the current fractional reserve system is extreme to put it mildly.

it seems like things didn't take that long to change!
the support is already above 98-99% and staying up there. and looking at this site: https://www.litecoinpool.org/pools i see all the blocks are signalling it.
apart from a couple:
P2Pool (9 GH/s)
LiteGuardian (9 GH/s)
the rest of the 4307 GH/s is signalling it :D

https://grammarparty.files.wordpress.com/2013/03/kevin.jpg



I guess you enjoy being a slave to a false fractional reserve system.  :P
LN will not be better than the current system it will be worse.

https://behappy.me/picture/adaptive/106899?product=canvas


 8)

I know LTC's creator has stated that LTC is not intended to replace BTC, but I can't help but wonder, what point is there in doing anything with BTC anymore?

To rephrase, what does BTC do that LTC doesn't do better?

Once the Direct LTC to Fiat CoinBase Wallet is active,

LTC will be Faster, Cheaper fee structure, and have the same Merchant access as BTC and have room for 4X BTC Onchain Transactions Volume.

No real reason to own BTC now, even if they activate LN, it's Low onchain capacity & high fee structure is a coin killer.

BTC is old and outdated and it's onchain capacity is still going to be in the toilet compared to every other coin.

LTC should assume the Throne as #1 coin on CoinMarketcap within a year or so.

LTC has become the GOLD , and BTC is just turning to RUST.


 8)

This post of yours will make you look stupid In a few more months from now.

I am 84 newbie , I will be happy to still be breathing in a few more months, no matter how I look.
Plus I am more than willing to let history judge my statements.

You however my dufus friend, you are looking stupid Right Now.   ;)



 8)

define better!

a faster block generation time? that has led to a much higher number of orphaned blocks, that not only means you have to wait for much longer for your transactions to be "fully confirmed" but also it means miners lose more block reward each day due to orphan rate.
this also means the blockchain size should technically be bigger and grow faster. and we are already seeing a lot of people bitch and moan about bitcoin blockchain size being big. now imagine if it was 4 times bigger than this.
and also in the end litecoin is still the same altcoins that has been copying code from bitcoin.
activation of SegWit is great because it fixes the malleability problem and also opens up for more features but the most important thing is testing it for bitcoin. and also obviously the short term pump to the moon and making a lot of profit.

Yes it at least justify some LTC pump and hype to replace BTC forever :D.

Same time 16s block time in ETH works and not many miners are upset becouse of that.
Blockcain size - come on who cares from speculators. Most crypto not left exchange that is why that blocksize doesn't matter with coins that are PnD in short therm.

Most coins are designed to be short term pump kings and that is why no one give a fuck to blockchain size ^^.
I want long BTC so blockchain size matters to me.

When this happen will be an excellent test to see if BTC can adopt the same change in its protocol. LTC is doing what an altcoin should do, to provide a different way to tackle a problem and, if BTC changes to start to do the same, the better! If not, it will only make LTC more attractive to investors, increasing its value.

Average BTC 3 Orphans per day , 30 minutes
Average LTC 2 Orphans per day ,   5 minutes
https://chainz.cryptoid.info/ltc/#!extraction (https://chainz.cryptoid.info/ltc/#!extraction)

Which kind of tells you BTC could have went to 5 minute blocks instead of lying and saying it was impossible for them.

LTC Currrent Blockchain :     ~7.62 GB          Born Oct 2011
BTC Current Blockchain : > 112  Gigabytes    Born Jan 2009

Looks like BTC is the bloated one.  :D

Funny the malleability issue was so scary, that BTC Core did not hard fork immediately to fix it,
must be because it is not that big a deal until LN is involved.
Otherwise why introduce a soft fork that can take over a year before you even know if it will be activated or not.  :P


 8)


FYI:
Time you have to wait before a transaction can be consider safe.
BTC 3 confirms , 30 minutes
LTC  6 confirms,  15 minutes

BTC really just sucks compared to LTC.
 

That said, bitcoin (and yes, also LTC) contained this in its initial design anyhow.  This is why I claim that bitcoin's design wasn't set up to do what was claimed it would do.  Whether that was clumsiness or on evil purpose, I leave in the middle (though I tend to think the former).

The questions what everyone has wondered for years is...... What was Bitcoins real sole purpose and evolution in Satoshi's eyes when he created it, the communities involvement upon release, then his departure + what the Core Developers think with their ideas.

Was it just another one of those online Internet Tokens/Virtual Currencies that came and went in the early 90's - 2000's but this time by one of the said failed projects collaborators ?

Things back then on the internet were ahead of their time before the mass adoption of broadband internet..... just saying.

Then compare the scenario to that of Charlie Lee and Litecoin with the eruption of Bitcoin and putting a real Name & Face to a Coin.

Satoshi..... Charlie.....

One is said to be a descendant of Asian Heritage & the other has been confirmed as to being from Asian Heritage..... Coincidence ? :D

Why does the price of LTC go down all the way?

My take on that is that whatever were the *intentions* of whoever was Satoshi, doesn't really matter.  My personal opinion is that it was a quite bright guy in his basement, but it can be just anything, from the Chinese government to a terrorist organisation.  It doesn't matter.
Satoshi did some brilliant things, and set up a system which has its own dynamics.  That dynamics does not correspond to what Satoshi claimed he made it for, but are the natural consequences of how it was designed.

When we see that, there are some logical possibilities about intention:

a) Satoshi knew perfectly well how this system would evolve, but needed to tell something else to trick people into using it (conspiracy view)

b) Satoshi, bright as he was, made some fundamental mistakes and had some fundamental misunderstandings (my personal opinion)

c) Satoshi came as close as one can get to what was doable at that point, and anything seriously different would not have worked ; in other words, at that point, it was simply impossible to have a system as he pretended, and he came as close as was possible, but no cigar.

I say this, because bitcoin is based upon a totally flawed economic understanding of ideal money, inspired by the "gold bugs" doctrine of sound money ; and has as its core, a deflationary spiral like rarely one has seen any.   As such, bitcoin can never be a mainstream currency, because there is no system included that will provide sufficient elasticity in its offer for its value to remain constant, which is a requirement of ideal money (which will be also a unit of account) ; on the contrary, it is heavily publicized as something that will strongly grow over time, and will make you rich if you adopt soon enough.  Bitcoin is hence designed as a very strongly speculative asset, to be hoarded and to be traded, with high volatility, and high deflation (=gain in value).

Many choices in the design of bitcoin make that it is not going to be a widespread, largely decentralized, generally used payment system ; however, it has everything to be a speculative asset that would make the toxic derivatives that caused the 2007 crash to look like stable money compared to it.


I think bitcoin was a kind of next logical step, and it had the right timing, after the financial crisis of 2007-2008.  Note that this financial crisis had nothing to do with the fiat payment system ; but rather with the reckless speculation of financial institutions on "virtual" complex derivatives.  The ironic thing is that bitcoin took as economic model, exactly something that leads to a highly speculative asset, while pretending to replace the "broken" fiat payment system.  It is this irony - the fact of being able to speculate heavily (which was the main cause of the 2007 financial crisis) while pretending to cure a non-broken system (the fiat payment system) - that was the success story of bitcoin.

On the other hand, without the lure of high speculative prospects, to turn $27 investors in future billionaires, something like bitcoin would never have taken off (hinting at my (c) option above).  So maybe it was necessary to have this irony, of pretending to make an "honest robust payment system" based upon the most heavily charged greater fool speculative asset one has seen in ages ; as no truly honest payment system would ever have taken off.

It was pumped when the news came out of the deal with the miners to adopt segwit - and then dumped when the whales decided to take their profits.

Nothing much is going to happen with litecoin until they can prove that people actually USE the coin. If they don't use it, segwit etc is useless.

Further more, litecoin won't be the first cryptocurrency to add Segwit to their source code. Some minor coin that i noticed is groestlcoin and it has already adopted the change on their mainnet. it is still in its 3 years and it already has  a $1.6 million market cap. The trade is for less than three cents in $ but has been busy growing over the years. Earlier this year, groestlcoin admins inputed some code include Segwit, and probably i think in there 3rd anniversary near the end of March, Segwit was activated.

Its getting stable if you ask me. People invested suddenly because they thought getting into the coinbase and segwit integration will be a great step for an altcoin, that too before its integration to BTC. LTC is for the long term now. will be similar to BTC with less complication.

SegWit is now locked in and Litecoin seems to have stopped rising. I just sold all of mine, we might end up seeing a big dump soon.

Segwit has happened. But price has been going down. Looking for price to increase and not sure why it isnt. Whales perhaps holding it down low and then pump? Seems likely.

Lets hope segwit also is unhackable. Saw a 1 million bounty out out. Lets see!

Litecoin and SegWit, two different word that has to come together.  ;)

Segwit is officially implanted, and here comes the dump. Lets see how much it corrects.

Correction has been done imo.  Now we can moon with all the actual implementations (Like LN, CT, Rootstock, Omni, Tumblebit, etc)

Any of these will actually increase price and demand you think?  I'm worried about LTC repeating history... another loonnggg bear market :(

Yes, things are much much different for LTC now.

Most of the traders only care about the profit and that is why they keep selling their litecoin when they see there is no movement in this coin at all. Segwit is just a news. We can not take that news and believe that the price will go up. In the realistic, litecoin is not accepted in any places ( accept online casino) and because of that reason, we can not believe that the price will rise. Moreover, litecoin has already increased 500% since early 2017

why is there no hype around ltc adding lightning network, smart contracts, anon and whatever shnoll sigs are?. On top of that you have the best dev teams in the world working on it.

I think the hype has just leaked  out like a car tyre with a very slow puncture.

The hype surrounding Litecoin over the last month or so has been astronomical
and with that there was possibly an over inflation of the value . . .

to be honest I had lost interest in the segwit implementation because of all the
good and bad hype, I actually didnt know we were locked in until I happened
across this thread  :o

If you think that was hype you must have missed the roll out of at least a dozen other coins over the years. Welcome to bitcointalk.

Segwit was never the interesting thing (except for solving the malleability issue), it's what's coming in the following months and year that gives LTC value.

I did miss the rollout of  what you mention, i'm only into Crypto since January!

Yes I understand that segwit was not THE interesting thing, its what
can be built on top of it.

Like the saying "I dont like money, I like what money can buy"

for a coin traded for around $4 for so long, this retracement is not the end of the world

Acchain is China's block chain project called the asset collection chain, it is completely open source assets of the digital platform and tools to let the world's assets flow up to barter.You can go to the official website of the asset chain to see more information.https://www.acchain.org/en/index.html