Testing Segwit and LN on Litecoin

tmzn32 (OP)

Member

Offline

Activity: 93
Merit: 10

Testing Segwit and LN on Litecoin

June 21, 2016, 12:07:33 PM

#1

What are the vulnerabilities and risks associated with this?
https://www.reddit.com/r/btc/comments/4oujk3/segwit_should_be_tested_on_litecoin_first/

After reading this, LN sounds like a horrible idea.
https://www.reddit.com/r/btc/comments/4p1qk9/people_should_know_there_is_a_chance_of_loss_of/

Minecache

Legendary

Offline

Activity: 2198
Merit: 1024

Vave.com - Crypto Casino

Re: Testing Segwit and LN on Litecoin

June 21, 2016, 01:18:35 PM

#2

FINALLY someone has come up for a use for LTC. Use it as a testnet for real currencies. That's all it's useful for.

█▀▀▀ █ █ █ █ █ █ █ █ █ █ █▄▄▄

██████ ██████ █████ █████ █████ █████ █████ █████ ████████ ████████ ████████ ████████ █████ █████ ████████████████ ████████████████ ████████ ██████ ████ ██

AVE.COM | BRANDNEW CRYPTO
^{▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀.. CASINO & BETTING PLATFORM}

▀▀▀█ █ █ █ █ █ █ █ █ █ █ ▄▄▄█

█▀▀▀ █ █ █ █ █ █ █ █ █ █ █▄▄▄

🚘

.$150,000.

^{PORSCHE..TOURNAMENT}

🏆

..EXCLUSIVE..OFFERS.
....FULL..ANONYMITY...
.LEGENDARY..BONUSES

🎁

.🔥.USE..PROMO..CODE:..BITCOINTALK.
.🎁.GET:.$2.FREE.BET,..100%.CASHBACK.
🎁.10.EXTRA.FREE.SPINS.(T&C APPLY)*

▀▀▀█ █ █ █ █ █ █ █ █ █ █ ▄▄▄█

CIYAM

Legendary

Offline

Activity: 1890
Merit: 1078

Ian Knowles - CIYAM Lead Developer

Re: Testing Segwit and LN on Litecoin

June 21, 2016, 01:23:20 PM

#3

It was when Bitcoin had the DB issue that caused a temporary fork that I came to the conclusion it is good that we have Litecoin (something extremely similar but different enough to perhaps be safe from such a problem if such an incident occurs again).

Putting "all your eggs in one basket" has never been a very good idea (which is why NASA has redundant systems in case of failure - in space you don't get a second chance).

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU