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Author Topic: f2pool starts signaling segwit for Litecoin. Will LTC enable segwit before BTC?  (Read 2651 times)
cellard
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March 31, 2017, 11:33:34 PM
 #1

Just saw this:

https://www.reddit.com/r/litecoin/comments/62nuwq/f2pool_just_signalled_for_segwit/

It's actually real.

Will we get segwit for LTC soon? It only requires 75%, BTC 95%

f2pool signaling segwit made the price go up in seconds. Cant this make miners see that segwit is good and valued in the market and then we can finally get segwit?

What does this all mean for BTC?

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March 31, 2017, 11:38:21 PM
 #2

Good news for Litecoin.

IMO this is what it should be used for; trialling new features and innovating. It can road test and iron out problems in new tech ready for Bitcoin to implement.

Although, imagine if Bitcoin becomes so stagnant that the Core devs move to Litecoin Wink


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April 01, 2017, 12:56:20 AM
 #3


might be a Duplicate. but atleast not censored (self-mod) by the blockstream fanboy with no C++ reading ability

lets leave Lauda's self-mod topic for the core fans to live in their cabin fever, and dream up their own stories


anyway i feel discus (f2pool) has a open pool of varied opinions from a variety of miners. so they will have a variety of flags.
though april fools may play into it.

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April 01, 2017, 01:14:15 AM
 #4


Doesn't seem like a dupe, this thread is focused to the matter of Litecoin's segwit, and what happens if its reached, to Bitcoin.

I think it's great for Litecoin holders, I don't see how it can't go up in price, considering how all those altcoins pumped, LTC hasn't properly pumped yet.

Bitcoin miners may signal for segwit too, once they see the Litecoin beast awaken.
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April 01, 2017, 02:23:19 AM
 #5

This is hilarious, everyone on Reddit is having a great laugh over it (cf https://www.reddit.com/r/Bitcoin/comments/62o1ws/for_litecoin_f2pool_signaling_segwit/)

 Best Bitcoin April Fools joke ever.

https://www.blocktrail.com/BTC/block/459816

:-)
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April 01, 2017, 03:14:41 AM
 #6


Doesn't seem like a dupe, this thread is focused to the matter of Litecoin's segwit, and what happens if its reached, to Bitcoin.

I think it's great for Litecoin holders, I don't see how it can't go up in price, considering how all those altcoins pumped, LTC hasn't properly pumped yet.

Bitcoin miners may signal for segwit too, once they see the Litecoin beast awaken.

Scaling would actually destroy Bitcoin's store of value so you'd see its price trend towards <$5 within years basically nothing. But it wont happen directly with bitcoin as theres a million ways for scaling to be applied indirectly to bitcoin. Anyways, nothing will happen with Bitcoin and as each month passes and as more and more alts get scaling...it will be apparent that it matters not as bitcoin will not only remain KING of cryptos but become more dominant in price/market cap. The real store of value asset.

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April 01, 2017, 03:46:16 AM
 #7

It may, if f2pool starts signaling segwit for bitcoin, bitcoin may have a SW first.
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April 01, 2017, 11:18:21 AM
 #8

miners dont want segwit, or offchain scaling because they wont fees.

its time to cut them off by changing the algo
brace the mace
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April 01, 2017, 11:24:23 AM
 #9

Great April Fool's joke from what it seems.
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April 01, 2017, 11:44:02 AM
 #10

On objective wear, LTC is easier to accept than BTC, it only needs a low 75% support, it's a lot lower than bitcoin, so I suppose LTC can decentralize, and LTC will deliver Grows a lot when that happens. LTC has been around for a long time, but it's not as popular with other currencies. Segwit is a good thing for LTC, it will help LTC to grow strongly in the future. I support segwit for LTC. However, it is too early to talk about that, I think we should check the accuracy of this news.

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April 01, 2017, 01:18:47 PM
 #11

Holy smokes, Litecoin's segwit is already at more than 48 percent:




can litecoin do what bitcoin failed to? I guess its time to buy some LTC.

Ps: Pic is not photoshopped!

http://litecoinblockhalf.com/segwit.php

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April 01, 2017, 01:34:53 PM
 #12

Ps: Pic is not photoshopped!

it is photoshopped because the site shows 49.31% Cheesy

but joking aside this April Fool joke and F2Pool is the hot topic of the day today. all over reddit they are talking about this, and it is not clear if they really signaled it or is it like their bitcoin signalling all the proposals at once!!

in any case i hope it is real and others join in too, we only have 25.69% to go.

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Genedarner123
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April 01, 2017, 02:17:25 PM
 #13

dint roger ver convienced f2pools to mine BTU?
cellard
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April 01, 2017, 02:51:20 PM
 #14

Ps: Pic is not photoshopped!

it is photoshopped because the site shows 49.31% Cheesy

but joking aside this April Fool joke and F2Pool is the hot topic of the day today. all over reddit they are talking about this, and it is not clear if they really signaled it or is it like their bitcoin signalling all the proposals at once!!

in any case i hope it is real and others join in too, we only have 25.69% to go.

I doubt miners are that stupid to play around with such a serious matter, this has to be real, at least for litecoin. Miners would see nothing but a lot of profits by activating segwit since the would explode (btw is already going up)

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April 01, 2017, 03:06:01 PM
 #15

this has been great, ever since i heard the news i was buying litecoin again and now it is about 20% up and the volume seems to be picking up too.

i have been saying all month that if litecoin moves towards SegWit the price of it will go to the moon and right after we will see it activate on bitcoin and that goes to the moon too. hope some people listened at the very least.


 
 
 
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April 01, 2017, 04:25:53 PM
 #16

this has been great, ever since i heard the news i was buying litecoin again and now it is about 20% up and the volume seems to be picking up too.

i have been saying all month that if litecoin moves towards SegWit the price of it will go to the moon and right after we will see it activate on bitcoin and that goes to the moon too. hope some people listened at the very least.

I hope the price rises make miners see how market majority wants segwit activated.

I think litecoin's segwit activation is real, but im not sure if tomorrow f2pool will continue with bitcoin's segwit signaling. If they are fucking stupid they should.

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April 01, 2017, 05:04:24 PM
 #17

Agreed, Charlie Lee wants Segwit, users want Segwit, it's good for Bitcoin to trial Segwit, it's good for miners if price is higher if Segwit activates. I think there's a lot of momentum there at the moment and it would be a shame to see that wasted. If it's an April Fool it's just going to be pretty sad, really, and might kill the mood like a Cliff Richard song.
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April 01, 2017, 05:09:38 PM
 #18

Agreed, Charlie Lee wants Segwit, users want Segwit, it's good for Bitcoin to trial Segwit, it's good for miners if price is higher if Segwit activates. I think there's a lot of momentum there at the moment and it would be a shame to see that wasted. If it's an April Fool it's just going to be pretty sad, really, and might kill the mood like a Cliff Richard song.

charlie wants segwit, due to him and his bro being funded by DCG

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thejaytiesto
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April 01, 2017, 10:01:16 PM
 #19

Ps: Pic is not photoshopped!

it is photoshopped because the site shows 49.31% Cheesy

but joking aside this April Fool joke and F2Pool is the hot topic of the day today. all over reddit they are talking about this, and it is not clear if they really signaled it or is it like their bitcoin signalling all the proposals at once!!

in any case i hope it is real and others join in too, we only have 25.69% to go.

April fools is already over in China, the joke would be going too far if he switched off now, it would make a lot of people invested in LTC lose a lot of money. Apparently people has invested in scrypt mining gear too. If he pulls out now he's asking to get shot. Those kind of jokes have real life consequences.

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April 01, 2017, 10:05:02 PM
 #20

April fools is already over in China, the joke would be going too far if he switched off now, it would make a lot of people invested in LTC lose a lot of money. Apparently people has invested in scrypt mining gear too. If he pulls out now he's asking to get shot. Those kind of jokes have real life consequences.

The economics are not a joke. This is virtually a sure thing. Anyone not buying LTC right now is going to be butthurt and have less BTC than those who did. However, SegWit signaling has stalled at 58% for the past hour or two.

The economics are such that which ever miners have a vested interest in keeping the LTC price down thus not signaling SegWit will gradually be debased within the hashrate because those who are buying up the old model A4 Scrypt miners are only profitable at this higher price. So they will signal SegWit as the supply of A4s becomes sold out.The new models which are twice as efficient are monopolized by those who want the price to go higher. This economics seems inevitable.
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