Where is Bobby Lee?

[thejaytiesto]

I remember reading that Bobby Lee (brother of Charlie Lee, creator of Litecoin) has enough hashing power to activate segwit. With the extra hashrate, Jihan Wu would need to put extra money in trying to block segwit in Litecoin, so the more hashrate we have signaling segwit in LTC the better.

I just wonder why he isn't signaling segwit yet?

[wdc4693]

I remember reading that Bobby Lee (brother of Charlie Lee, creator of Litecoin) has enough hashing power to activate segwit. With the extra hashrate, Jihan Wu would need to put extra money in trying to block segwit in Litecoin, so the more hashrate we have signaling segwit in LTC the better.

I just wonder why he isn't signaling segwit yet?

I am new to crypto. But from what I can tell (personal opinion): firstly saying not sure if they are related but if, i think this might jeopardize the doubtworthy integrity of LTC even more. Don't get me wrong. I am fan of LTC. But now that the "public" already is aware that LTC is quite depending on a few Chinese dudes, that would maybe the last nail on its coffin?

[thejaytiesto]

I remember reading that Bobby Lee (brother of Charlie Lee, creator of Litecoin) has enough hashing power to activate segwit. With the extra hashrate, Jihan Wu would need to put extra money in trying to block segwit in Litecoin, so the more hashrate we have signaling segwit in LTC the better.

I just wonder why he isn't signaling segwit yet?

I am new to crypto. But from what I can tell (personal opinion): firstly saying not sure if they are related but if, i think this might jeopardize the doubtworthy integrity of LTC even more. Don't get me wrong. I am fan of LTC. But now that the "public" already is aware that LTC is quite depending on a few Chinese dudes, that would maybe the last nail on its coffin?

Who cares? as long as we get segwit and the price pumps to $50 I couldn't give a fuck who signals for segwit. (I think it will not reach $50 tho)

Mining is centralized by a few chinese dudes that can move the price with tweets, this is the state of crypto in 2017, sad but true. In any case, if we get segwit then lightning network development can begin in LTC and we can finally see how LN and segwit would work in a real life scenario, it's an interesting experiment to see what happens.

[wdc4693]

No offense my man, but who cares if you give a fuck? At the end of the day, LTC will not further jeopardize its reputation as they are in for the end-game. As one of the last remaining early-mover coins, soon even be fiat-traded at Coinbase. There are bigger things going on right now as "short term push push but we need it nau!!1".

Just my opinion.

[thejaytiesto]

No offense my man, but who cares if you give a fuck? At the end of the day, LTC will not further jeopardize its reputation as they are in for the end-game. As one of the last remaining early-mover coins, soon even be fiat-traded at Coinbase. There are bigger things going on right now as "short term push push but we need it nau!!1".

Just my opinion.

You make no sense. How does a miner signaling more hashing power to segwit jeopardize its reputation?

Do you realize Litecoin is an useless bitcoin clone without segwit right? the only thing that can make LTC have any realistic chances of ever hitting an ATH again is with segwit and we better get it soon because the more this things get delayed the more impossible it becomes (see bitcoin)

[wdc4693]

No offense my man, but who cares if you give a fuck? At the end of the day, LTC will not further jeopardize its reputation as they are in for the end-game. As one of the last remaining early-mover coins, soon even be fiat-traded at Coinbase. There are bigger things going on right now as "short term push push but we need it nau!!1".

Just my opinion.

You make no sense. How does a miner signaling more hashing power to segwit jeopardize its reputation?

Do you realize Litecoin is an useless bitcoin clone without segwit right? the only thing that can make LTC have any realistic chances of ever hitting an ATH again is with segwit and we better get it soon because the more this things get delayed the more impossible it becomes (see bitcoin)

I might not know crypto well, but I know business. And in business you don't publicly ask your relatives to help on pushing your product when your main goal is to establish your product permanently with the big boys.
Going a step further: it isn't LTC alone anymore. Now whatever happens will come down to Coinbase too. Not sure how how they react to something which is in "non crypto" world known as insider trade. I imagine Coinbase has some pretty fragile finance regulations to oblige to.

But yeah, there is a chance I don't get crypto.

[wdc4693]

I will just add another thing which potentially will not make sense:
As far as I am aware, Bobby Lee makes business with Brock Pierce. I shouldn't add anything else, but I am sure Mr Pierce is also not particularly keen on having a business partner who plays around with insider trade.

From  my perspective:
There is no way that Bobby Lee and LTC can pull this off.

[JeffBrad12]

I remember reading that Bobby Lee (brother of Charlie Lee, creator of Litecoin) has enough hashing power to activate segwit. With the extra hashrate, Jihan Wu would need to put extra money in trying to block segwit in Litecoin, so the more hashrate we have signaling segwit in LTC the better.

I just wonder why he isn't signaling segwit yet?

I didn't ever hear if bobby lee has litecoin hashrate.But can you tell me how many the hashrate power of litecoin has had by bobby lee?
What is the name of his mining pool?
I've never heard this before. 

In my opinion, all of the litecoin power by the brothers of lee gets to concentrate on charlie lee.

[thejaytiesto]

I remember reading that Bobby Lee (brother of Charlie Lee, creator of Litecoin) has enough hashing power to activate segwit. With the extra hashrate, Jihan Wu would need to put extra money in trying to block segwit in Litecoin, so the more hashrate we have signaling segwit in LTC the better.

I just wonder why he isn't signaling segwit yet?

I didn't ever hear if bobby lee has litecoin hashrate.But can you tell me how many the hashrate power of litecoin has had by bobby lee?
What is the name of his mining pool?
I've never heard this before.  

In my opinion, all of the litecoin power by the brothers of lee gets to concentrate on charlie lee.

I don't know how much he has. Anyway the idea would be to get some of the hashrate from bitcoin and put it on litecoin temporarily to activate segwit. I think I heard this from iamnotback where he said bobby lee would eventually drop some hashrate on ltc's segwit.

Something I have been thinking about is how Jihan is likely waiting for the right moment to deploy a ton of anti segwit hashrate. Too much of a coincidence that we are at around the edge of 75%. He may have calculated how much hashrate does he need to keep it at around 75%, then at the last day or so, he will deploy a lot of anti segwit hashrate killing the entire signaling period by lowering the average below 75%, just 0.1% under 75% and the entire period is lost and he does it with minimal costs vs constantly keeping it under 75%, so beware with that.

[loreRex]

Actually Segwit is averaging to 80% in the last 24 hrs.