f2pool starts signaling segwit for Litecoin. Will LTC enable segwit before BTC?

[cpfreeplz]

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.

Yup, I already converted a lot of what I had to litecoin. I'm sure it's going to see better rises than bitcoins, plus you know worst case scenario is that the amount you paid in bitcoins is the amount you'll get back if it crashes.

[manselr]

Seems stuck at 57-58%


How long you guys expect until it grows to 75%?

What miner pools will switch first to join the majority and get us segwit in litecoin?

Can people buying ASICs really make a change?

[iamnotback]

Seems stuck at 57-58%

BTCC can probably push it over 75% when they are ready to make their move.

[andron8383]

Seems stuck at 57-58%

BTCC can probably push it over 75% when they are ready to make their move.

but they probably wonder if that Segwit will help LTC in price then it will be politically incorrect hurting BTC miners...
I bet some farms have bonds between each other and tey have buthurt what to do activate and sell expensive LTC or not and keep BTC in lower position that NO ONE wants segwit.

From fundametals LTC doesn't really need segwit for transaction this is just marketing push to show that they can act faster than BTC.
Some people will buy tht BS hahaha... I stay away from LTC (4000tx/day and it jumped only because people want to sell on current pump and exit )
same rime ETH is rising while BTC is falling in transactions.


I like that chart so much becouse is shows true value of crypto and its movement ...
Sadly BTC is falling while ETH is booming. Even from fundamental point of view ETH should with current circustamces surpass BTC at some point in year.


https://bitinfocharts.com/comparison/transactions-btc-eth-dash-ltc.html

this one is allso great...
https://bitinfocharts.com/comparison/sentinusd-btc-eth-dash-ltc.html


LTC nice jumped 10x in value transaction on pump so this is nicely dumping action going there.
Daily 20m$ of LTC is dumped on market

look like all $ transfer is booming on ETH network and that rise is not proportional to price but exponential
https://bitinfocharts.com/comparison/sentinusd-btc-eth-dash-ltc.html#3m

looks like people are using ETH to move fiat eth jumped from 0.1%ofBTC to 25%ofBTC....
THIS IS FUCKING HUGE...
If ETH won't fuck up in code somewhere and course big collapse it will go over BTC IMO hard data shows that.
Looks like 1/4 of market have switched already to ETH as fiat transfer
to be honest i think about it too becouse is faster and cheaper even with minimum fee its max 10min while in BTC it 10m block.

Realy if ETH wont broke in code it will take over BTC this is not my dream this is data.

[mi$fit]

Interesting... before it became official, I suspected the pump had some relation to segwit. It will be interesting to see where this goes, and speculate on the effects of this if the improvement comes to Bitcoin.

[iamnotback]

A chart communicates more effectively than 1000 words...

[maku]

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

Wow, it is rising fast, SegWit supports reached 58% it means that we are only 17 percent away from reaching consensus (75%)
So this is the reason for sudden price of Litecoin rise? Insider news sure traveled fast. If the situation continue we will have LTC SegWit next week.

[andron8383]

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

Wow, it is rising fast, SegWit supports reached 58% it means that we are only 17 percent away from reaching consensus (75%)
So this is the reason for sudden price of Litecoin rise? Insider news sure traveled fast. If the situation continue we will have LTC SegWit next week.

probably segwwit pump then BTC will have fomo adopt and pump too same way ^^
i bet those who pumed have triger on pump start they just prepare news release to get attention to sell segwit and pump LTC then tea next 4 years of dumping to next big thing ... and cycle repeat.

[iamnotback]

https://twitter.com/SatoshiLite/status/830042779103268864

https://www.cryptocoinsnews.com/no-primary-litecoin-pool-will-upgrade-segwit-says-ltc1btcs-founder/

https://www.reddit.com/r/litecoin/comments/5rilk1/batpool_overtakes_ltc1btc_as_miners_want_to_show/

https://www.reddit.com/r/btc/comments/5rh180/no_primary_litecoin_pool_will_upgrade_to_segwit/

https://www.reddit.com/r/litecoin/comments/5rh5zq/no_primary_litecoin_pool_will_upgrade_to_segwit/

[Vaskiy]

Some say that segwit is already activated for litecoin. I believe that litecoin has got increased chances of activation as the capital is quite low compared to bitcoin. Bitcoin support has been found good from the miners side and  business people after the entire community coming together to make concensus.

[mining1]

So about ~70% atm.

[7788bitcoin]

LTC will sure enable Segwit before BTC. The percentage signaling for Segwit has increased from about 30+% yesterday to close to 60% today. I think it will reach the required >75% by this week.

[cellard]

Looks like it's actually happening. Congratulations to LTC hodlers, price has been going up so much with this news. Who knows how high it will go once it actually crosses the dreamed 75% barrier!!

[BillyBobZorton]

The Litecoin price continues going up as the support for segwit is solidified.

This shows that the market wants Litecoin on any coin. Syscoin also saw a price increase, but Litecoin is a more serious alt with real usage.

I can see a big % of gains happening with Litecoin, it probably has been extremely undervalued for a long time.

[1Referee]

I can see a big % of gains happening with Litecoin, it probably has been extremely undervalued for a long time.

It was, and still is undervalued. Especially if you put it up against the gains that other alts have been going through the last weeks. In that regard, I wouldn't be surprised to see Litecoin smash through $15-$20 in the coming months. If Segwit gets activated on Litecoin, then the market will go complete nuts and then we'll see a real price explosion. I greatly prefer money flowing into LTC over having the same money flow into ETH and Dash.

[AngryDwarf]

It requires 75% over a prolonged period of 2 weeks to get activated.

Looks like 3 of the big pools representing about 30% of hash rate are not yet signaling support. If one of them changes then it looks like a real possibility.
Looks like f2pool are still signaling segwit support on LTC.

[AngryDwarf]

I like that chart so much becouse is shows true value of crypto and its movement ...
Sadly BTC is falling while ETH is booming. Even from fundamental point of view ETH should with current circustamces surpass BTC at some point in year.


https://bitinfocharts.com/comparison/transactions-btc-eth-dash-ltc.html

this one is allso great...
https://bitinfocharts.com/comparison/sentinusd-btc-eth-dash-ltc.html

It's quite a good indicator of real world usage, and not just exchange IOU activity. BTC has hit its cap, and ETH still has room to grow. No other coin seems to be a serious contender. The current LTC pump, and the DASH pump'n'dump just doesn't show increased on-chain usage.

[pedrog]

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

Usually it's the opposite, after code gets tested and proven to be solid in bitcoin, eventually, litecoin gets updated with it.

BTW, people been bitching about bitcoin block size increase, litecoin has the same code and a bigger block size.

[iamnotback]

I'm not a BU loyalist.  I'll support any implementation that allows big blocks and on chain scaling.

and no, segwit isn't meaningful onchain scaling in my view.

Decentralized on chain scaling is technologically impossible with PoW:

https://www.reddit.com/r/litecoin/comments/631ffe/pools_that_block_litecoin_development/dfr3weo/

If you actually understood the technology, then perhaps you'd change your position to something which can actually scale off chain.

The economic majority wins. Those who are buying LTC now are doing so because they want SegWit to be activated. Jihan Wu of Bitmain who is blocking SegWit on both LTC and BTC, created the new more efficient Scrypt miners, so I didn't realize this before. They could monopolize these in theory. So this fight might not be as easy as I thought. But the economic majority should win, unless it lacks resolve and/or patience. Already people are arbitraging and finding ways to rent hashrate in order to earn money and support SegWit. If you think the price is going up, you try to lock in a rental price that doesn't increase as the price rises, so you can profit. Others may be buying A4s if they want to maximize profits and believe the price will remain high (and going higher).

Jihan Wu needs to get his ass kicked economically so both Bitcoin and Litecoin can move forward.

It is most likely that BU is a diversionary lie. These miners simply want to gouge high fees on Bitcoin and block any alternatives. They were never going to fork with BU. It was a lie to prevent everyone from joining together to kick Jihan's ass.

If my health will improve or stabilize, my plan is to launch a Bitcoin Killer which doesn't require PoW (the design is already completed). I want to bankrupt all these miners. Their vested interests are a pain in the ass. We need to kick all their arses out into the street and turn their ASICs into door stops. I am talking long-term plan.

Those who are buying ASICs now, my plans are a year or more away from reaching any relevancy or size, so fear not. Buy A4s and profit.

Both you guys are obstructionist wolves in sheepskin. You pretend you want to make progress but you are intentionally stalling. Any one with a brain stem can see right through your deceit.

ProHashing is not signaling SegWit thus they are an obstructionist. Their words are meaningless. In a meritocracy only actions count.

"Talk is cheap, show me the code", wrote Linus Torvalds

Also it is quite clear that BU never intended to fork Bitcoin with that Buggy Unlimited piece-of-shit, because they know damn well the economics of Bitcoin are that the whales can and will destroy any miners who attempt to fork Bitcoin. I explained this in great detail on BCT.

BU is a lie and diversionary tactic in order to fool everyone. The real goal of Jihan Wu is to gouge maximize transaction fees from Bitcoin and block any alternatives for scaling. These obstructionists are block progress on both Bitcoin and Litecoin, because Bitcoin depends on Litecoin to add off chain scaling, because the whales of Bitcoin will never allow SegWit on Bitcon. Period. ProHashing by their actions is complicit. Words are meaningless.

Look at your conflicting statements:

He states that we oppose Segregated Witness, which is true. We do not think that SegWit is the best course for bitcoin or litecoin.

We do intend to implement SegWit

A majority of customers have requested SegWit, so we plan to implement it.

Stalling. Deceit. An obstructionist wolf in sheepskin.

the IRS doesn't move its deadline back because of SegWit, and we won't have any business at all if they come after us

Miners should leave such an incompetent company.

Whining in a forum about not being able to do your accounting at the same time you do your technical work.

Of course it is quite clear you are just lying and deceitful.

[JeffBrad12]

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?

We will and no doubt, The lite coin will be the alternative way for the bitcoin. The users are want to do a fast transaction and they can use the Off-chain transaction through the litecoin itself. In this time in my opinion, if the litecoin SegWit to be the backup by the Bitcoin scalability.


But do you see another competitor proposal like the bitcoin block votes?

It means litecoin is backup for the bitcoin. I just realized it as off-chain solution by the scalability problem of bitcoin.