He maybe rich, but he is confused.
The issue is once segwit is activated ,
If the dev wanted to deactivate segwit, then once segwit was deactivated, anyone could steal funds out of a segwit address,
Which is a valid concern.
This guy is just putting on a dog and pony show,
as segwit is still activated so it makes that specific security issue mute, unless LTC devs decide to deactivate it, which is unlikely.
I believe the bigger threat will come if a hacker can compromise an LN Hub and possibly redirect the funds during the onchain to offchain conversion
and vice-a-versa.
╥AztekPhoenix
i don't know what you think about cryptocurrencies but they are not working the way you have in mind.
cryptocurrencies such as litecoin which have a certain decentralization to themselves (unlike coins like ethereum) does not have a centralized person with a switch to turn on and off whenever he wishes.
in other words your statement saying "LTC devs decide to deactivate it" is nonsense. SegWit was activated and there is no going back now. you can't just flip a switch and say yeah now it is activated, and next month change your mind and flip the switch off.
