LTC Segwit is over 70%

[BTC-BTC-BTC]

http://litecoinblockhalf.com/segwit.php

Litecoin is steadily climbing up and rising to .01 at the moment. LTC segwit activation can be anytime from now.

Exciting time for LTC!

[1715370731]

1715370731

[1715370731]

1715370731

[1715370731]

1715370731

[Amon Raa]

http://litecoinblockhalf.com/segwit.php

Litecoin is steadily climbing up and rising to .01 at the moment. LTC segwit activation can be anytime from now.

Exciting time for LTC!

Will it affect the LTC price ? 

[Lutpin]

http://litecoinblockhalf.com/segwit.php
Litecoin is steadily climbing up and rising to .01 at the moment. LTC segwit activation can be anytime from now.

Will it affect the LTC price ?

Assuming it isn't already.

[Charloz24]

Hum it will be a fun night tonight, action on favorite China coin.

Predition for tomorow morning?

I think 0.015 BTC

[Amon Raa]

Hum it will be a fun night tonight, action on favorite China coin.

Predition for tomorow morning?

I think 0.015 BTC

I do not think so, It needs some time to hit this price.

[JGoRed]

Well, I guess that'll probably help with the current LiteCoin pump. Perhaps it'll also open up people towards adopting Segwit on the Bitcoin Network.

[iamnotback]

@miscreanity what I see on those charts is that Bitcoin is making lower highs and lower lows after the $1280 (isn't that a double-top from the peak intraday price in 2013?), which is short-term bearish. And the candlesticks on Litecoin are forming a wedge pattern which about to breakout, either to the upside or downside (but normally such a pattern will continue in the direction it was on, so upside breakout).

Combine that chart understanding with the fundamental understanding of Bitcoin as Nash's ideal money, and that is why I posit that Bitcoin can't move higher until Litecoin catches up.

...

I am hypothesizing that BTC will be range-bound (eyeballing it perhaps $800 - $1150ish), until Litecoin has clearly signaled that it is resuming its relevancy and on the way towards an ATH.

That chart is clearly indicating that Bitcoin can't move higher until Litecoin catches up.

Litecoin's price is undergoing the same technology adoption as Bitcoin and all the rest, it is just that the first hump is very volatile (because silver is more volatile than gold for the reasons I have explained). So this means Litecoin's price is going to $100+:

My prediction that BTC would remain range bound until LTC catches up, is so far proving to be true.

The simple reason for this is that the market is not stupid. The market knows that Bitcoin can't ever get any scaling improvements to its protocol. Bitcoin will forever be relegated to small blocks, because it was intended that Bitcoin be the most reliable (i.e. no experimental shit) settlement layer for the power brokers of finance. As the fee per transaction rises to $10 on Bitcoin over this year (and let's guess $100 per transaction by 2019), then most of us will not transact on Bitcoin any more. We will transact on Litecoin. And Blockstream will transfer its efforts to Litecoin, which will give Litecoin legitimacy.

So Bitcoin can't move higher until it is assured that Litecoin will provide the scaling solutions that our ecosystem needs so that blockchains can begin to invade the mainstream world of payments systems and fractional reserve banking. Upthread I explained why Ripple is dogshit, so I expect once it becomes clear that Litecoin will have Lightning Networks coming, then Ripple will collapse. So the smart money should be moving from Ripple to Litecoin.

Note the current jump to $12 looks like it might be overheated and too fast, so I'd be cautious about buying too much too fast. Average in your buys in case we get a dip, but do get some now (nibble) if you don't have any because price can run higher yet. Yet I remain adamant that Litecoin is easily going to exceed $30 and probably $100 before the end of this year, unless somehow SegWit activation is defeated. At the moment SegWit signaling is at 70.8% for those blocks in the last 21 hours. We are very close.

Some myopic people haven't realized that Litecoin needs scaling because it will be receiving all the excess volume from Bitcoin that can't fit in Bitcoin's small blocks, and because the volume will increase exponentially with Lightning Networks enabling private fractional reserve banking and the banks will evangelize Litecoin ecoins to the masses. Litecoin either grabs this opportunity, else Ethereum will take this role with its coming Raiden clone of Lightning Networks. But Blockstream is not going to let that happen. Bobby Lee of BTCC is the brother of Charlie Lee the creator of Litecoin. BTCC will push SegWit activation over the 75% threshold with its GPU farm that is mining Ethereum, if need be.

Also myopic people don't realize that block size increases can't scale because due to the equation on orphan rate, orphan rates increases exponentially as block size increases. Exponential worsening is the antithesis of scaling for anyone who understands math and computer science. I also explained why Xthin is no solution to this dilemma.

I was checking yesterdays trading  volumes and 22% of all crypto trading  was Bitcoin trading with fiat. 11% was Litecon trading with fiat.
If you take out bitcoin trading with alts, Bitcoin dont look that big anymore. 
and since talk in this thread was what LTC have that most other alts dont have is exactly this build infrastructure.

LTC would gain traction due to the centralists of the DCG
here is a list of those prominent services in DCG portfolio that have alot of sway of the whole crypt-onomy
-blockstream
-btcc(litecoin inventors brother)
-bitpay
-bitpesa
-changtip
-coinbase(litecoin inventor)
-coindesk (puppetmaster of propaganda owned by DCG)
-gyft
-kraken
-purse
-shapeshift
-xapo

plus many more

imagine if all of them (shh they are already becoming) start being LTC friendly. ETH wont stand a chance with being 'merchants accept' available

[rangedriver]

My prediction that BTC would remain range bound until LTC catches up, is so far proving to be true.

The simple reason for this is that the market is not stupid. The market knows that Bitcoin can't ever get any scaling improvements to its protocol. Bitcoin will forever be relegated to small blocks, because it was intended that Bitcoin be the most reliable (i.e. no experimental shit) settlement layer for the power brokers of finance. As the fee per transaction rises to $10 on Bitcoin over this year (and let's guess $100 per transaction by 2019), then most of us will not transact on Bitcoin any more. We will transact on Litecoin. And Blockstream will transfer its efforts to Litecoin, which will give Litecoin legitimacy.

So Bitcoin can't move higher until it is assured that Litecoin will provide the scaling solutions that our ecosystem needs so that blockchains can begin to invade the mainstream world of payments systems and fractional reserve banking. Upthread I explained why Ripple is dogshit, so I expect once it becomes clear that Litecoin will have Lightning Networks coming, then Ripple will collapse. So the smart money should be moving from Ripple to Litecoin.

Note the current jump to $12 looks like it might be overheated and too fast, so I'd be cautious about buying too much too fast. Average in your buys in case we get a dip, but do get some now (nibble) if you don't have any because price can run higher yet. Yet I remain adamant that Litecoin is easily going to exceed $30 and probably $100 before the end of this year, unless somehow SegWit activation is defeated. At the moment SegWit signaling is at 70.8% for those blocks in the last 21 hours. We are very close.

Some myopic people haven't realized that Litecoin needs scaling because it will be receiving all the excess volume from Bitcoin that can't fit in Bitcoin's small blocks, and because the volume will increase exponentially with Lightning Networks enabling private fractional reserve banking and the banks will evangelize Litecoin ecoins to the masses. Litecoin either grabs this opportunity, else Ethereum will take this role with its coming Raiden clone of Lightning Networks. But Blockstream is not going to let that happen. Bobby Lee of BTCC is the brother of Charlie Lee the creator of Litecoin. BTCC will push SegWit activation over the 75% threshold with its GPU farm that is mining Ethereum, if need be.

Also myopic people don't realize that block size increases can't scale because due to the equation on orphan rate, orphan rates increases exponentially as block size increases. Exponential worsening is the antithesis of scaling for anyone who understands math and computer science. I also explained why Xthin is no solution to this dilemma.

Great analysis.

[iamnotback]

One day it had 100k$ trading volume for 24H, and now it has fucking 21B$ trading volume on btc-e. Talkin about ltc obviously.

Don't enter from here or else you'll get burned. Fontas made a cumback it seems. Don't fall for it.

LTC is a good buy long term for this year but as of now it's bubbled, no way im getting back in under 0.009 hopefully by tomorrow we've corrected around there.

I traded the high 0.0113 and re-entered at 0.01. I am and have been 100% in LTC since $6.50. I invest based on fundamentals and my conviction. I am not really a trader.

I think it may push higher from here, but even if it dips to 0.009, I am happy holding this position, because all BTC holders who want to pay for goods & services have to come to LTC over the next year or so, else they won't be able to afford to transact. Speculation in BTC can of course continue on exchanges at low transaction fees because these aren't blockchain transactions, but if you hold your balances always on exchanges, eventually you will lose your money due to hacks and thefts.

LTC should rise over the next year or so to at least 0.05. It will likely overshoot to something ridiculous such as 0.2, due to way greater fool mass manias and speculation play out.

So 0.01 or 0.009 is splitting hairs. You run the risk of chasing it and never getting on board.

Bitcoin will never get SegWit, Lightning Networks, nor larger blocks. Anyone still talking/writing about that are wasting their breath/fingertips.

Right now we are in the attitude readjustment phase where Bitcoiners slowly pour cold water on their face and wake up to reality.

It even hit 13.5$ on kraken, so it seems the next 2-3 weeks untill segwit's activates the price will further increase. Apparently some people are also selling btc for ltc.

LTC's creator Charlie lee seems to think that the LTC price can increase up to 50$ and he casted a vote https://twitter.com/SatoshiLite/status/849695527268564992

[iamnotback]

And now finally we understand that indeed scaling can only happen on Litecoin:

Re: Well, well, well, now we know what Jihan Wu’s been up to.

Apparently, Jihan Wu has been covertly using some patented exploit called asicboost to gain 20%+ efficiency on his hardware that’s incompatible with SegWit. It all makes sense now. Hope he gets his ass sued off.

Shills care to chime in?

https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-April/013996.html

Yup. Now everything is clear and now we know why everyone must buy LTC.

FUD.  Asicboost been known about for a long time and Bitmain holds the patent in China.

https://www.asicboost.com/patent

All ASIC manufacturing will be in China.

Sorry Bitcoin will never get SegWit nor LN, because Bitmain will block it on Bitcoin. And the whales of Bitcoin will always block larger blocks for the reasons I have explained else where.

But Bitmain is unable to block SegWit on Litecoin, even though they tried to.

Now we know why the other ASIC manufacturers are not against SegWit. They don't want to pay patent fees. Perhaps Baron Wu offered some deals to some others to get them to join his efforts.

[iamnotback]

Now that Jihan and Bitmain have been outed as exploiting a vulnerability in Bitcoin's PoW and that SegWit would have made it impossible for them to continue exploiting this vulnerability the motivations for blocking SegWit and supporting BU have now become very clear. We're going to see a shift in SegWit support in Bitcoin very soon and LTC is also helping here by activating SegWit first. I can see some more room up for Litecoin until around 0.02 or $25, but this will change as soon as Bitcoin starts to make progress towards activating SegWit as well and people start moving back into BTC. If you think BTC will stay behind and never activate SW or LN you are sorely mistaken. Let's see what happens and see who turns out to be right.

We can't get 95% to activate SegWit on Bitcoin without Bitmain's approval. They have every right to protect their patent's value. Those who think Bitcoiners will rally to fight him are socialists and communists, who deny capitalism, game theory, and economic reality.

We can't lower the 95% threshold for Bitcoin, because it will cause too much risk and wild price swings.

Also we shouldn't be putting such experimental shit on Bitcoin. Bitcoin is supposed to remain reliable.

Sorry Bitcoin will remain unmodified, as Satoshi (aka Nash) intended its equilibrium game theory to be a clusterfuck of politics insuring the immutability of the protocol which is what gives Bitcoin its trust and value.

wait...
if his asicboost is rendered invalid, doesn't that make all his ASIC+asicboost hardware useless ( totally useless) ?

As I understand the whitepaper, yes it would because the logic gates for avoiding the optimization have been eliminated which makes it 20% more efficient.

All those who own Bitmain hardware for mining SHA2 coins, must fight SegWit.

If you fork and bankrupt miners who bought hardware, Bitcoin can never again be trusted. It means Bitcoin is run by democracy and not by immutability. Satoshi (Nash) will roll over in his grave.

The whales of Bitcoin will destroy any such fork. I guarantee you that!

Got LTC yet? 

[iamnotback]

The SegWit signaling has fallen back to 68 - 69%. One could postulate that all spare capacity for mining LTC was already brought onboard with the recent price increase. And that Bitmain will gradually eat away at that by producing more L3s which they keep for themselves to mine on LTC and block SegWit. The competitors may not have much resources as Bitmain, or just the fact that the L3 is twice as efficient as the A4 competition. I am not sure if that is the only scenario though. Maybe BTCC hasn't yet unleashed their GPU farm on LTC because perhaps they want to wait for a higher price. Maybe they want to stimulate one more price pump before making their move. There have been hacking attacks that have moved hashrate to different pools. So I don't know if a similar attack has been employed on LTC pools. I noticed some significant change in the LTC pool distribution compared to yesterday.

https://web.archive.org/web/20170406082911/https://www.litecoinpool.org/pools

https://web.archive.org/web/20170405041023/https://www.litecoinpool.org/pools

I had the thought that even if SegWit doesn't get activated, Litecoin has 4X more capacity in its blocks than Bitcoin, so it will have lower transaction fees. Yet I don't know if that would be compelling enough without real scaling.

Edit: Okay I was mistaken in thinking the activation period was only 24 hours. It is 2 weeks:

https://www.reddit.com/r/litecoin/comments/63nb70/how_long_does_it_need_to_be_over_75_before/

Edit#2: Ah I see it must be a specific retarget period!

Lock-in: If 75% of blocks within any retarget period signal support for segwit, it locks-in. SegWit transactions are now opt-in.

Activate: After another 8064-block (roughly two week) retarget period, segwit will activate, allowing miners to produce blocks containing segwit transactions on Litecoin’s mainnet.

Thus perhaps we can expect that BTCC won't throw its GPUs at LTC mining until the next block retargeting! Important find.

The next block retargeting begins in ~30 hours, and the following confirms the two week activation period:

Next block retarget (4 per activation period)

Since a retarget period is roughly 3.5 days, that means the prior 3.5 day retargeting period did not start with ~69% signaling.

So I conclude that we might see fireworks ~30 hours from now.

To be technical, ASIC miner CHIP manufacturing on the 14/16nm node is in either Taiwan (TSMC fab with input or part-ownership by Samsung) or New York State of the US (Global Founderies, ex-IBM fab) at this point.

Ah yes, I remember this from when I was researching mobile-CPU friendly PoW hash function designs in 2016, that Samsung had an advantage on 14nm chips for mobile.

Bitmain in particular has shown a LOT of issues with getting enough chips to make miners with- when you have LARGE companies like NVidia and AMD having availability shortages on their new cards that they plan to sell millions of, a small company like Bitmain has to settle for what capasity is left over (and keep in mind that AMD has long-term contracts locking in capasity at Global Founderies due to the ex-AMD fabs being part OF Global Founderies dating back to it's foundation and their sale TO GF by AMD - and a lot of the rest of GF capasity is locked into IBM for the SAME reason).

So doesn't this favor my hypothesis that Litecoin's price rise means ASIC supply is constrained thus hashrate will not rise as fast as price does, and thus older 28nm stock should come into mining and it should signal SegWit, because those guys want to remain profitable at higher prices.

I see that there are still a couple of KNC Titan Scrypt miners for sale on ebay. And as the price is rising the A2 Dominators are becoming viable to mine with. I see a shit load of A2s for sale on ebay at really cheap prices ($200, etc). You can practically but them for nothing and when the price rises enough you could flip then for a profit I bet. I haven't actually run the calculation to see at what price the A2s are generating enough profit.

[Ayers]

http://litecoinblockhalf.com/segwit.php

Litecoin is steadily climbing up and rising to .01 at the moment. LTC segwit activation can be anytime from now.

Exciting time for LTC!

i think this is good and not for litecoin only, but for bitcoin, too, if bitcoin miners see that litecoin is following segwit, they also will follow their decision or at least i think that there is this possibility to convince more bitcoin and segwith softfork if another alt is doing the same thing and now that dash is dumped, i see the price increase too to 0.02, 0.01 is already there, this make 0.02+ possible

[VanDeinsberg12]

http://litecoinblockhalf.com/segwit.php

Litecoin is steadily climbing up and rising to .01 at the moment. LTC segwit activation can be anytime from now.

Exciting time for LTC!

i think this is good and not for litecoin only, but for bitcoin, too, if bitcoin miners see that litecoin is following segwit, they also will follow their decision or at least i think that there is this possibility to convince more bitcoin and segwith softfork if another alt is doing the same thing and now that dash is dumped, i see the price increase too to 0.02, 0.01 is already there, this make 0.02+ possible

You mean if the litecoin will be the teacher for the bitcoin about the segwit implementation? Wow, litecoin is officially to the moon after the segwit signaling will be successfull.

[iamnotback]

Please tell me how is LTC not about to have a massive breakout to the upside (or to the downside?) within 6 hours or less?



Odds are better than 50% for a upside breakout but can even be a false downside with a pullback to the upside:

http://thepatternsite.com/st.html

I sold my LTC. It broke down out of the symmetric wedge. Now we have to see if it is a false breakdown with a pullback. Otherwise it is headed back to 0.0075 or below. The market apparently is very doubtful, so maybe we have to pullback and reload.

[rangedriver]

I sold my LTC. It broke down out of the symmetric wedge. Now we have to see if it is a false breakdown with a pullback. Otherwise it is headed back to 0.0075 or below. The market apparently is very doubtful, so maybe we have to pullback and reload.

It's just market noise. Relative to BTC there's an opportunity to acquire more LTC because of the BTC spike.


LTC/USD tells a different story: Triangle remains.

[iamnotback]

LTC/USD tells a different story: Triangle remains.

Yes I noticed that later. Was very busy multitasking today.

[iamnotback]

Probably my last post on LTC:

^^ Do you watch buy support? It's been building from a low of 1600 this morning to over 2100 BTC now

Thanks I didn't and I should have. I'm not a professional trader. Otherwise I wouldn't have chickened out and sold. My acumen is on analysis of the technology, economics, and game theory. Also I am reasonably good at identify the major trends.

Any way, I re-entered LTC when it moved back above the bottom of the wedge. I am in a solid HODL stance now. I will stop looking at the chart. I will not trade it any more. To $50 or bust.

I posit a reason that Bitmain's surrogate pools will stop blocking SegWit on Litecoin soon.

If you read the entire linked thread, you will catch up on a lot of the details as to why I am nearly certain Bitcoin is going to remain small blocks and never get scaling.

as Satoshi (aka Nash) intended its equilibrium game theory to be a clusterfuck of politics insuring the immutability of the protocol which is what gives Bitcoin its trust and value.

What did I miss?

Nash?

I can't continue providing links to every thing I write all over the place. But one more time, go read this thread and also this post.

[Ailmand]

I sold my LTC. It broke down out of the symmetric wedge. Now we have to see if it is a false breakdown with a pullback. Otherwise it is headed back to 0.0075 or below. The market apparently is very doubtful, so maybe we have to pullback and reload.

It's just market noise. Relative to BTC there's an opportunity to acquire more LTC because of the BTC spike.


LTC/USD tells a different story: Triangle remains.

Will that break up?

[rangedriver]

Will that break up?

It's certainly looking very bullish so I'd say yes. A lot of eyes are currently on LTC and there's a palpable sense of upward inertia.

Historically, when Litecoin rises a lot it tends to do so with a very relaxed attitude which can sometimes throw people off guard.

[hankyulpark]

I hope that it gets implemented on LTC, as it will be good for all cryptocurrencies (I'm looking at you BTC!). This is good news, and good media is beneficial to all that don't opposite to it (still looking at you BTC!) and will bring more people onboard. Great news indeed, and let's hope that a new ATH happens in no time! 

[crypticj]

Clevermining just supported Segwit support with Block 1180894 Before they weren't supporting Segwit another 24ghs hash for segwit woot woot!!!


Not a lot but every little bit helps.

75% here we come as long as Antpool doesn't f up the segwit they are trying really hard to block segwit on litecoin.

https://www.litecoinpool.org/pools

[acoco]

Clevermining just supported Segwit support with Block 1180894 Before they weren't supporting Segwit another 24ghs hash for segwit woot woot!!!


Not a lot but every little bit helps.

75% here we come as long as Antpool doesn't f up the segwit they are trying really hard to block segwit on litecoin.

https://www.litecoinpool.org/pools

Antpool That on bitcoin block that on litecoin, anarchists what that, I do not like them

[JGoRed]

I have just purchased some LTC, perhaps it'll get a pump when/if Segwit is implanted.

[JeffBrad12]

Clevermining just supported Segwit support with Block 1180894 Before they weren't supporting Segwit another 24ghs hash for segwit woot woot!!!
Not a lot but every little bit helps.
75% here we come as long as Antpool doesn't f up the segwit they are trying really hard to block segwit on litecoin.
https://www.litecoinpool.org/pools

Looks like they're successful in blocking the segwit. And they're trolling us with all of his vote and words.

It's quite silly for me to see the block charts is not on the steady way.

http://litecoinblockhalf.com/segwit.php

It decreases to the 60% and sometimes it backs again to the 65%. They're playing this game.

Antpool That on bitcoin block that on litecoin, anarchists what that, I do not like them

F2pool too.

[Pursuer]

Clevermining just supported Segwit support with Block 1180894 Before they weren't supporting Segwit another 24ghs hash for segwit woot woot!!!
Not a lot but every little bit helps.
75% here we come as long as Antpool doesn't f up the segwit they are trying really hard to block segwit on litecoin.
https://www.litecoinpool.org/pools

Looks like they're successful in blocking the segwit. And they're trolling us with all of his vote and words.

It's quite silly for me to see the block charts is not on the steady way.

http://litecoinblockhalf.com/segwit.php

It decreases to the 60% and sometimes it backs again to the 65%. They're playing this game.

Antpool That on bitcoin block that on litecoin, anarchists what that, I do not like them

F2pool too.

I may be wrong but the decrease you are talking about can be because of the signaling period which was reset recently. the previous period ended and a new one started and in the start it is possible that the other blocks were more so the percentage went down. (talking about the 60%)

it is however at 65% right now. so do we have any news about any kind of change that caused this? or is it just some mind games to play with the price

[loreRex]

This can be relevant:

http://www.coindesk.com/one-tweet-make-litecoins-price-fall-20/

[JGoRed]

This can be relevant:

http://www.coindesk.com/one-tweet-make-litecoins-price-fall-20/

Well, I guess I know why my Litecoin just lost it's value . Thanks for sharing.

It really does seem a little bit unnerving that a single tweet can do so much damage to LTC like that.

[JeffBrad12]

Clevermining just supported Segwit support with Block 1180894 Before they weren't supporting Segwit another 24ghs hash for segwit woot woot!!!
Not a lot but every little bit helps.
75% here we come as long as Antpool doesn't f up the segwit they are trying really hard to block segwit on litecoin.
https://www.litecoinpool.org/pools

Looks like they're successful in blocking the segwit. And they're trolling us with all of his vote and words.

It's quite silly for me to see the block charts is not on the steady way.

http://litecoinblockhalf.com/segwit.php

It decreases to the 60% and sometimes it backs again to the 65%. They're playing this game.

Antpool That on bitcoin block that on litecoin, anarchists what that, I do not like them

F2pool too.

I may be wrong but the decrease you are talking about can be because of the signaling period which was reset recently. the previous period ended and a new one started and in the start it is possible that the other blocks were more so the percentage went down. (talking about the 60%)

it is however at 65% right now. so do we have any news about any kind of change that caused this? or is it just some mind games to play with the price

Do you know how many the time period for the signaling to get reset? It looks like we are gaining more power from the block voters.

Just always watch Wang to give another troll for the litecoin community. We can play in that condition. (67% right now)

[seven.71]

LTC prices Drop due to assault by Bitmain (Jihad wu) they make Farm mining LTC in israel
why Jihad wu always make a mess, before its BTU now LTC

[BrlTrader]

70,8% Now 

[Weatherby]

LTC prices Drop due to assault by Bitmain (Jihad wu) they make Farm mining LTC in israel
why Jihad wu always make a mess, before its BTU now LTC

It is simply because they have more money and with money they can attain more power and so is the reason he is barking every now and then to facilitate what is best for him and that is what we are seeing for a long time,for him it is just a fun past time to manipulate and create uncertainty and earn what they can with the speculation.

[tonyback]

Now, LTC Segwit was over 75%. What will be happen ?

[BTC-BTC-BTC]

Now, LTC Segwit was over 75%. What will be happen ?

Segwit is activated on LTC. We will see if there is any bug is going to show up LTC. It will help BTC to adopt Segwit if there is no major bug.

[Geraldo]

Now, LTC Segwit was over 75%. What will be happen ?

Segwit is activated on LTC. We will see if there is any bug is going to show up LTC. It will help BTC to adopt Segwit if there is no major bug.

Nope, it must remain like that for 2 weeks in order to be activated.

[luckyJerry]

it's great to see ltc segwit over 75%

[chesatochi]

Now, LTC Segwit was over 75%. What will be happen ?

Segwit is activated on LTC. We will see if there is any bug is going to show up LTC. It will help BTC to adopt Segwit if there is no major bug.

To have Segwit activated in Litcoin, the threshold needs to stay over 75% for two weeks.

[Ctstrphy]

I still have no idea where to get news about any of this, but it was sure a very good night for me. I never expected the price rise and left my margin trade overnight and BAM! I wake up with a graph like that. Too bad I autosold at 0.095BTC

[mr.mister]

From what I understand, the vote has to hold at 75% or above for 2 weeks before segwit will take effect. If it does, how high can LTC go?

[Charloz24]

From what I understand, the vote has to hold at 75% or above for 2 weeks before segwit will take effect. If it does, how high can LTC go?

It will be VERY HARD to hold 75% for 2 weeks I think with all the manipulation....

[mr.mister]

BEWARE: FOUND WHAT'S BELOW ON ANOTHER BLOG.



currently Jihan Wu, or Jihad Wu as I like to call him, through his mines controls 27% percent of the hash power of Litecoin. He is currently voting for segwit, then when it gets close to all time high support, he is changing his signal, to pump and dump the price. He is also at the same time accused of secretly using ASICBOOST to cheat us all in the bitcoin sphere. He will fight to the end against segwit as it blocks his abilty to cheat us, and it renders alot of his hardware useless, which could bankrupt him.

Unless we can get 3% of the miners in pools for Lite coin to switch from pools in the control of Satan, and then hol for two weeks (bear in mind Jihad makes the machines and may have more standing by) the only possible way to get segwit is to use UASF, which is highly risky and never attempted.

[coinling]

what about setting the activation limit down to 70% knowingly that only jihan does not support it ?

[WarrEagle]

BEWARE: FOUND WHAT'S BELOW ON ANOTHER BLOG.



currently Jihan Wu, or Jihad Wu as I like to call him, through his mines controls 27% percent of the hash power of Litecoin. He is currently voting for segwit, then when it gets close to all time high support, he is changing his signal, to pump and dump the price. He is also at the same time accused of secretly using ASICBOOST to cheat us all in the bitcoin sphere. He will fight to the end against segwit as it blocks his abilty to cheat us, and it renders alot of his hardware useless, which could bankrupt him.

Unless we can get 3% of the miners in pools for Lite coin to switch from pools in the control of Satan, and then hol for two weeks (bear in mind Jihad makes the machines and may have more standing by) the only possible way to get segwit is to use UASF, which is highly risky and never attempted.

Most of those statements are just patently false. Do you believe everything you read?

For example "renders alot of his hardware useless." Is just totally incorrect. He could still mine with that hardware, he would just lose his ASICBOOST 'advantage'. You should be more thoughtful before posting such drivel.

[WarrEagle]

what about setting the activation limit down to 70% knowingly that only jihan does not support it ?

That is not going to happen, unless another update to the core code is pushed.

[Red-Apple]

what about setting the activation limit down to 70% knowingly that only jihan does not support it ?

these percentages are not just random numbers that you can change to force adoption of a proposal.
these numbers are there in order to reach "consensus" i would even argue that 75% is too low and it should be above 90%.
a fork without consensus is idiotic, forcing a different route in a cheeky way to enforce fork is again idiotic.

anything without consensus of the overwhelming majority will end up in disaster.

and disaster is not just having 2 chains.

[emdje]

Looks like it is not going to make Segwit 

[x1tr]

https://www.reddit.com/r/litecoin/comments/64yea6/stop_looking_at_the_percentage_this_value_must/

[mr.mister]

Looks like it is not going to make Segwit 

Why do you say that??? It's currently at 82%

[WarrEagle]

Looks like it is not going to make Segwit  

Why do you say that??? It's currently at 82%

Because YOU do not understand the activation process. There must be 75% of an activation period of 8064 blocks. We are in period 5. There is no way it will activate in period 5 because there are not enough blocks left to achieve the required 75% activation.

Period 6 is where it CAN happen, if things stay the way they are. Do you think that is going to happen?

[mr.mister]

Looks like it is not going to make Segwit  

Why do you say that??? It's currently at 82%

Because YOU do not understand the activation process. There must be 75% of an activation period of 8064 blocks. We are in period 5. There is no way it will activate in period 5 because there are not enough blocks left to achieve the required 75% activation.

Period 6 is where it CAN happen, if things stay the way they are. Do you think that is going to happen?

Depends,

I heard somewhere that Jihan Wu is purposefully signaling SegWit and will pull the signal at the last minute, in order to create a pump and dump. I am not sure if it will happen or not. I would like for it to happen.

[kelsey]

Looks like it is not going to make Segwit  

Why do you say that??? It's currently at 82%

Because YOU do not understand the activation process. There must be 75% of an activation period of 8064 blocks. We are in period 5. There is no way it will activate in period 5 because there are not enough blocks left to achieve the required 75% activation.

Period 6 is where it CAN happen, if things stay the way they are. Do you think that is going to happen?

Depends,

I heard somewhere that Jihan Wu is purposefully signaling SegWit and will pull the signal at the last minute, in order to create a pump and dump. I am not sure if it will happen or not. I would like for it to happen.

perhaps u mean Wang Chun? whos stated openly he shorts before making twitter posts. i was thinkin it would be funny to pump ltc on one of his post 

[mr.mister]

perhaps u mean Wang Chun?

No, I meant exactly what I said, Jihan Wu is the CULPRIT.

[Eo]

Hmmmm

https://twitter.com/f2pool_wangchun/status/852519797875105792


and

DDOS issues currently happening...

Im saying it wont happen. Now's the time to sell

[WarrEagle]

Hmmmm

https://twitter.com/f2pool_wangchun/status/852519797875105792


and

DDOS issues currently happening...

Im saying it wont happen. Now's the time to sell

Right and explain why anyone should take you seriously, Mr. 3 posts Newbie.

[Ayers]

Looks like it is not going to make Segwit  

Why do you say that??? It's currently at 82%

Because YOU do not understand the activation process. There must be 75% of an activation period of 8064 blocks. We are in period 5. There is no way it will activate in period 5 because there are not enough blocks left to achieve the required 75% activation.

Period 6 is where it CAN happen, if things stay the way they are. Do you think that is going to happen?

what do you mean with period 5 and 6? from what i have understood, segwit need to remain activate for 8064 block and we are at 7383 block, check this http://litecoinblockhalf.com/segwit.php, less than 700 blocks are left before activation

[WarrEagle]

That is misleading the masses. Take a step back and go look here.... http://segwit.co/ltc# click on activation periods. Activation periods are individual 2 week periods of 8064 blocks. There is no possible way for segwit to activate during period 5. period 6 begins when period 5 stops. Segwit activates 2 weeks after when 75% of a 8064 block period is achieved.

[dbc23]

Looks like it is not going to make Segwit  

Why do you say that??? It's currently at 82%

Because YOU do not understand the activation process. There must be 75% of an activation period of 8064 blocks. We are in period 5. There is no way it will activate in period 5 because there are not enough blocks left to achieve the required 75% activation.

Period 6 is where it CAN happen, if things stay the way they are. Do you think that is going to happen?

what do you mean with period 5 and 6? from what i have understood, segwit need to remain activate for 8064 block and we are at 7383 block, check this http://litecoinblockhalf.com/segwit.php, less than 700 blocks are left before activation

It needs to hit or exceed the 75% for the entirety of an activation window.  This window it was averaging in the high 60 percent for most of it so it won't hit the 75% overall needed.  Next window/retarget starts tomorrow, so it needs to stay at this 80+% for about two weeks starting then.

[crypticj]

Not Until the Fat Lady Sings!!!!

[mr.mister]

Will that break up?

It's certainly looking very bullish so I'd say yes. A lot of eyes are currently on LTC and there's a palpable sense of upward inertia.

Historically, when Litecoin rises a lot it tends to do so with a very relaxed attitude which can sometimes throw people off guard.
[/quote


What service is that graph from?

[pedrog]

https://i.imgur.com/SijApVd.png

Will that break up?

It's certainly looking very bullish so I'd say yes. A lot of eyes are currently on LTC and there's a palpable sense of upward inertia.

Historically, when Litecoin rises a lot it tends to do so with a very relaxed attitude which can sometimes throw people off guard.

What service is that graph from?

It's https://bitcoinwisdom.com

[boltz]

We could seen a breakout in price soon I think .

[Ayers]

Looks like it is not going to make Segwit  

Why do you say that??? It's currently at 82%

Because YOU do not understand the activation process. There must be 75% of an activation period of 8064 blocks. We are in period 5. There is no way it will activate in period 5 because there are not enough blocks left to achieve the required 75% activation.

Period 6 is where it CAN happen, if things stay the way they are. Do you think that is going to happen?

what do you mean with period 5 and 6? from what i have understood, segwit need to remain activate for 8064 block and we are at 7383 block, check this http://litecoinblockhalf.com/segwit.php, less than 700 blocks are left before activation

It needs to hit or exceed the 75% for the entirety of an activation window.  This window it was averaging in the high 60 percent for most of it so it won't hit the 75% overall needed.  Next window/retarget starts tomorrow, so it needs to stay at this 80+% for about two weeks starting then.

that site say that only 258 block are left until period end, litecoin have 576 block per day, this make us need only for half a day for this activation to happen, the two weesk have almost passed already, or that is a bad indicator?

[BitcoinHodler]

-snip-
that site say that only 258 block are left until period end, litecoin have 576 block per day, this make us need only for half a day for this activation to happen, the two weesk have almost passed already, or that is a bad indicator?

that is not how it works. that site should really make this clear with a little footnote or something so that people can easily understand it.

the activation period is the period between two difficulty adjustment times and that happens (edit apparently it has nothing to do with difficulty) every 8064 block (i believe it takes 2 weeks). and hash rate supporting the proposal has to reach above 75% before the adjustment (which already have ) and then it has to stay there for the whole next period.

in short this period is finished in 10 hours, 32 minutes and in 14 days SegWit will be activated if nothing changes!

[mr.mister]

BEWARE: FOUND WHAT'S BELOW ON ANOTHER BLOG.



currently Jihan Wu, or Jihad Wu as I like to call him, through his mines controls 27% percent of the hash power of Litecoin. He is currently voting for segwit, then when it gets close to all time high support, he is changing his signal, to pump and dump the price. He is also at the same time accused of secretly using ASICBOOST to cheat us all in the bitcoin sphere. He will fight to the end against segwit as it blocks his abilty to cheat us, and it renders alot of his hardware useless, which could bankrupt him.

Unless we can get 3% of the miners in pools for Lite coin to switch from pools in the control of Satan, and then hol for two weeks (bear in mind Jihad makes the machines and may have more standing by) the only possible way to get segwit is to use UASF, which is highly risky and never attempted.

Most of those statements are just patently false. Do you believe everything you read?

For example "renders alot of his hardware useless." Is just totally incorrect. He could still mine with that hardware, he would just lose his ASICBOOST 'advantage'. You should be more thoughtful before posting such drivel.

The one who lacks information, apparently is you.

Jihan Wu is probably using AsicBoost, besides on the antpool, his cloudmining operations. What if AsicBoost was taken away? That would be a major disaster for his cloud mining???

Why is the Antpool NOTORIOUS for producing empty blocks, a result of AsicBoost?

[rangedriver]

We could seen a breakout in price soon I think .

Yep.

We're certainly heading back up for an attack on 0.0112.

0.008 provided a healthy foundation for a 38.2% retraction (more or less).

I've been saying for years that Litecoin has permanently etched its legacy into the history books as one of the original classic cryptocurrencies. It now has reached an inertia which can only be built-upon.

As soon as people realise that:-

1. Litecoin will always be around.
2. Litecoin is massively underpriced.

... then you will see a huge seismic shift in the price.

For starters, a $100 Litecoin is entirely reasonable and achievable.

[kryptqnick]

We could seen a breakout in price soon I think .

Wasn't a break out already there about 2 weeks ago? I think the price for now on can only fluctuate for less than a dollar. Litecoin has made its breakthrough and now need time to stabilize at least here and even this will be hard since it looks like the price was actually pumped. Otherwise it is hard to explain one it suddenly grew up that much and that fast.
Well, I think litecoin is a good coin anyway and one day it will cost lots of dollars like bitcoin does. Especially if btc ends up being to expensive to use due to transaction fees.

[kelsey]

We could seen a breakout in price soon I think .

Wasn't a break out already there about 2 weeks ago? I think the price for now on can only fluctuate for less than a dollar. Litecoin has made its breakthrough and now need time to stabilize at least here and even this will be hard since it looks like the price was actually pumped. Otherwise it is hard to explain one it suddenly grew up that much and that fast.
Well, I think litecoin is a good coin anyway and one day it will cost lots of dollars like bitcoin does. Especially if btc ends up being to expensive to use due to transaction fees.

disagree,even very short term there's heaps of justified upside potential in the price of litecoin examples;
mining pools stopping playing games with segwit, more segwit certainty, chinese exchanges allowing litecoin withdrawal (which they don't atm and haven't so for over a month), chinese pump ie its not chinese pump atm as chinese exchanges are lagging on US etc exchange, coinbase listing of litcoin......list goes on

[wolfracer]

We could seen a breakout in price soon I think .

Yep.

We're certainly heading back up for an attack on 0.0112.

0.008 provided a healthy foundation for a 38.2% retraction (more or less).

I've been saying for years that Litecoin has permanently etched its legacy into the history books as one of the original classic cryptocurrencies. It now has reached an inertia which can only be built-upon.

As soon as people realise that:-

1. Litecoin will always be around.
2. Litecoin is massively underpriced.

... then you will see a huge seismic shift in the price.

For starters, a $100 Litecoin is entirely reasonable and achievable.

I totally agree with you I will try to buy all LTC I can, starting today. I know this is a risky bet but nobody makes money without risks.

[kelsey]

Sell all crypto-currency to fiat IMMEDIATELY. BTC will dive -30%. Altcoins will decline even more. SegWit and scaling has been defeated on both Bitcoin and (at least near-term) also Litecoin. Also there are macroeconomics things going on which will also hit gold and every asset except USD. Store your money in USD or altcoin USDT (dollar peg) temporarily until this dip has concluded.

https://bitcointalk.org/index.php?topic=1663070.msg18594538#msg18594538

yep saw the cup and handle form  but then the dish ran away with the spoon 

in all my years of trading, meeting trader form many flavor of markets all over the world one thing i've noticed; i'm yet to see a wealthy chartist  go figure

[OrangeP]

Sell all crypto-currency to fiat IMMEDIATELY. BTC will dive -30%. Altcoins will decline even more. SegWit and scaling has been defeated on both Bitcoin and (at least near-term) also Litecoin. Also there are macroeconomics things going on which will also hit gold and every asset except USD. Store your money in USD or altcoin USDT (dollar peg) temporarily until this dip has concluded.

https://bitcointalk.org/index.php?topic=1663070.msg18594538#msg18594538

yep saw the cup and handle form  but then the dish ran away with the spoon 

in all my years of trading, meeting trader form many flavor of markets all over the world one thing i've noticed; i'm yet to see a wealthy chartist  go figure

This. There is not a single technical trader in fortune 500. There never has been one.
SegWit has not failed. Litecoin will be user forked and shit bitcoin in the face.

[iamnotback]

Litecoin will be user forked and shit bitcoin in the face.

USAF will bankrupt everyone who enjoins it.

[vsyc]

iamnotback, what all these trolling does in LTC segwit thread or any other related LTC threads? Your overheated meth dumped brain creates quests "Find a thread to escape a collapse?"

Why 30% why not 80%, damn small games.

[bircoin]

Too late to buy, too early to sell. I did not trust Ltc very much. For definite results you have to be 80%. good luck

[loreRex]

Too late to buy, too early to sell. I did not trust Ltc very much.

Too late to buy? The pump has not even started yet...

[mr.mister]

Too late to buy, too early to sell. I did not trust Ltc very much.

Too late to buy? The pump has not even started yet...

I just bought 57 LTC coins.

[OrangeP]

Litecoin will be user forked and shit bitcoin in the face.

USAF will bankrupt everyone who enjoins it.

Why?
(this is a forum... always happy to hear other opinions.)

[JGoRed]

Too late to buy, too early to sell. I did not trust Ltc very much.

I'm sure we've got a lot more pumping to do soon. There's plenty of time to buy.

[Nathan047]

...
For starters, a $100 Litecoin is entirely reasonable and achievable.
...

Are you sure about that? I know it is defiantly looking like it will be pumped, but I don’t feel like we could easily get past about 60$, much less 100.
Then again, I’m no expert.

[Searing]

...
For starters, a $100 Litecoin is entirely reasonable and achievable.
...

Are you sure about that? I know it is defiantly looking like it will be pumped, but I don’t feel like we could easily get past about 60$, much less 100.
Then again, I’m no expert.

Ah..but remember any crypto will do exactly the right thing ..but always at the wrong time for you as an individual....its how it rolls...(why I hold)

[boltz]

guys guys guys that was just the start of the engines .

[Hatat]

BEWARE: FOUND WHAT'S BELOW ON ANOTHER BLOG.



currently Jihan Wu, or Jihad Wu as I like to call him, through his mines controls 27% percent of the hash power of Litecoin. He is currently voting for segwit, then when it gets close to all time high support, he is changing his signal, to pump and dump the price. He is also at the same time accused of secretly using ASICBOOST to cheat us all in the bitcoin sphere. He will fight to the end against segwit as it blocks his abilty to cheat us, and it renders alot of his hardware useless, which could bankrupt him.

Unless we can get 3% of the miners in pools for Lite coin to switch from pools in the control of Satan, and then hol for two weeks (bear in mind Jihad makes the machines and may have more standing by) the only possible way to get segwit is to use UASF, which is highly risky and never attempted.

Most of those statements are just patently false. Do you believe everything you read?

For example "renders alot of his hardware useless." Is just totally incorrect. He could still mine with that hardware, he would just lose his ASICBOOST 'advantage'. You should be more thoughtful before posting such drivel.

The one who lacks information, apparently is you.

Jihan Wu is probably using AsicBoost, besides on the antpool, his cloudmining operations. What if AsicBoost was taken away? That would be a major disaster for his cloud mining???

Why is the Antpool NOTORIOUS for producing empty blocks, a result of AsicBoost?

Jihan said he did not use ASICBoost in production.

[iamnotback]

Apparently LTC will likely be a hedge against the coming BTC decline. Go long LTC (Litecoin) now.

https://bitcointalk.org/index.php?topic=1663070.msg18614017#msg18614017

(I deleted this post temporary at 11:40 because so many of you jumped on it buying LTC that you caused a significant price rise and volume, thus were interfering with me covering my short and taking a long position. I am re-posting now that I completed my trade)

[alyssa85]

Looks like segwit is at over 80% in the current activation period (6):

http://segwit.co/ltc

[iamnotback]

How do you like my perfect timing on LTC yet again! That is twice that I said emphatically "buy now" right before the blast off in the price.

That shows you how much BTC on this forum is influenced by me. I have a wide following in our community, when measured by wealth.

I have been able to decipher the long-term recursive fractal pattern and have been predicting the moves precisely and piling up the BTC profits going long, then short, then long, etc.. Note I will not tell you the exact price levels, nor my secret method.

LTC will pullback a bit here, but it is going much higher. Feel safe to enter at 0.01035. And make sure you buy LTC before April 19 when BTC will begin its decline by -30% due to the Scalepocalyspe (and possibly some other event involved ing BitFUnix or such).

Note LTC will make a peak price some where far above 0.0106, then it will decline back to long-term support. Then over the next 2 years LTC will make a ATH (as priced in BTC) which is means higher than 0.04. So holding LTC after the pullback will mean quadrupling your BTC over the next 2+ years.

[Nathan047]

How do you like my perfect timing on LTC yet again! That is twice that I said emphatically "buy now" right before the blast off in the price.

That shows you how much BTC on this forum is influenced by me. I have a wide following in our community, when measured by wealth.

I have been able to decipher the long-term recursive fractal pattern and have been predicting the moves precisely and piling up the BTC profits going long, then short, then long, etc.. Note I will not tell you the exact price levels, nor my secret method.

LTC will pullback a bit here, but it is going much higher. Feel safe to enter at 0.01035. And make sure you buy LTC before April 19 when BTC will begin its decline by -30% due to the Scalepocalyspe (and possibly some other event involved ing BitFUnix or such).

Note LTC will make a peak price some where far above 0.0106, then it will decline back to long-term support. Then over the next 2 years LTC will make a ATH (as priced in BTC) which is means higher than 0.04. So holding LTC after the pullback will mean quadrupling your BTC over the next 2+ years.

@iamnotback, you are very good at predicting the market, so I’ll probably follow you relatively blindly (besides, it does sound like what I’ve been guessing will happen anyway). Right now I’m patting myself on the back for going all in on LTC a few weeks ago. I sure hope you’re right.

[crypticj]

Any reason LTC crashing?

is it because LTC1BTC and LTC.TOP and a lot of other pseudo bitmain controlled mining pool bumped up there Hash Rate to bring the Segwit Signalling below 75%?

Any analysis would be helpful.

[Searing]

Any reason LTC crashing?

is it because LTC1BTC and LTC.TOP and a lot of other pseudo bitmain controlled mining pool bumped up there Hash Rate to bring the Segwit Signalling below 75%?

Any analysis would be helpful.

Yeah they just dumped 30% of all hashing to block it...seems bitmain (antpool) may suceed at stopping seg witness....

sure they shipped the L3+'s ..but I'd bet they kept enough for these 2 holdout pools to kill seg witness..they are pretty much the ONLY

ones making pow scrypt miners (pow)....

Not sure why they would do so...now LTC devs will simply pop out the UASF (user activated soft fork) which needs no where near the

consensus to get passed and then do seg witness and eventually lightning stuff on LTC anyway.

What a frigging cluster...gonna be 'cheap coins' boys and girls

OFF topic: but press is squeaking bitfinex is in trouble...as an exchange...so we could be in for a wild ride on wtf is going on in both camps.

[kelsey]

reading the twitters is like being back in the schoolyard 

[crypticj]

reading the twitters is like being back in the schoolyard 

Not sure what posts you are referring to can you posts some links? I totally have no idea on whats going on including bitfinex situation

[Searing]

reading the twitters is like being back in the schoolyard 

Not sure what posts you are referring to can you posts some links? I totally have no idea on whats going on including bitfinex situation

Check my profile for posts I've made p/o'd with links

Skunked  I am.

[crypticj]

reading the twitters is like being back in the schoolyard 

Not sure what posts you are referring to can you posts some links? I totally have no idea on whats going on including bitfinex situation

Check my profile for posts I've made p/o'd with links

Skunked  I am.

Thanks I just did man its a mess I hope LTC can come out of it intact.

Hate the market manipulation.

[Nathan047]

Hate the market manipulation.

Hey, I feel the same way here; but when it comes to the altcoin market altcoin it seems like the entire market is just manipulation and trading/speculation.

[Monnt]

I think we should not be happy about being over 80% just yet. Jihan may just let the prices go as high as possible even to last day and than just take the support away leaving us with hugely pumped litecoin. However I believe that Jihan can do this for so long, we need to improve our hashrates and that will eventually pass Jihans controlled amount which will result with him being out there holding his bags.

[crypticj]

I think we should not be happy about being over 80% just yet. Jihan may just let the prices go as high as possible even to last day and than just take the support away leaving us with hugely pumped litecoin. However I believe that Jihan can do this for so long, we need to improve our hashrates and that will eventually pass Jihans controlled amount which will result with him being out there holding his bags.

Thats pipe dream they know with current ASics Hardware out there plus what they are selling L3+ they have enough spare capacity to make sure 75% isn't hit if they dont' want to.

[rcmiranda01]

LTC slightly down right now. When will we see 12-13usd again?

[Searing]

I think we should not be happy about being over 80% just yet. Jihan may just let the prices go as high as possible even to last day and than just take the support away leaving us with hugely pumped litecoin. However I believe that Jihan can do this for so long, we need to improve our hashrates and that will eventually pass Jihans controlled amount which will result with him being out there holding his bags.

Thats pipe dream they know with current ASics Hardware out there plus what they are selling L3+ they have enough spare capacity to make sure 75% isn't hit if they dont' want to.

I have a buddy who's math says they have shot out 2,200 units so far...for their own use and ours that they are mining with our $$$ to stop seg witness and get
marke share of say 45% to kill it forever dead....so we are beyond screwed...4 buck coin again at best...imho.....they drive difficulty up....hold say 45% of the
mining....kill seg witness and keep asic boost ....and own 70% now and with no other mnfg going against them (they'd be crazy) now 100% of all pow scrypt machines made
more or less....

so all the $$ that would have been spread out over all users of LTC mining ..all congregate at the front end to bitmain..and then bitmain will do what it always does
make a batch of miners...fill data halls with them for months...drive up difficulty..and then IF they want to (L3 never made USA site as an example) after eating the whole
apple ..toss the core to us....meaning MAYBE if lucky and gamble you MIGHT make ROI in more then a year ..for your 'hobby' toy

So essentially bitmain owns pow scrypt...has killed seg witness and has provided a slap down to bitcoin core that they could do the same there...eventually...they
control that much equipment..and if asic boost ALWAYS gives you a 33% better return then everyone else and also you own (or soon) say 60-80% of all asic mining
pow scrypt and sha-256 and simply are gaining even more share ..watching the older stuff shuffle off the network NO other mnfg will ever compete with them and make
equip..the advantage is too large to overcome

you own all mining ..bitmain wins ...hell I guess this explains why bitcoin core devs were all freaked about miners having too much power huh?

only option for home miners is MAYBE GPU and X11 rigs...but imho the next thing bitmain will make in mass is X11 asics and take over that as well

its what I'd do going all 'evil empire' and all that

well I figured my knc titans and mining would be put in the old folks asic home (data hall) and just kinda die a slow over the months death...
guess a pillow to the face is quicker ....toast...

but got to admit as 'evil world class super villian plans go' this one was well thought out for months and done well....the amount they could make alone
speculating on price with what they knew they were gonna pull....sheesh

ah well, frigging needed a 'real life' anyway..going back to two baikal miners from 18 other units at the data hall won't be all bad (sob!)

ack! At least I should get dinner and some flowers and a movie before I'm frigging F*cked...I mean I BOUGHT 4 L3+'s to support seg witness
and bitmain is HOLDING them due to firmware issues...yeah right...they used my $$$ to probably make 8 units to mine for 2 months to stop
seg witnesss and no refunds....

ah well, it was a good run...you can't chase unicorns and win forever...eventually you will get 'gored' by that 'big ass horn' on their head

later

[jckZ3106]

LTC slightly down right now. When will we see 12-13usd again?

Look at the activation treshold progress and you'll find the answer: probably not too soon. It's going under $10 right now.. but I still believe it will rise one day and it will be unstoppable.

We will see +$15 as soon as Jihan will stop using the miners his customers would have received and Segwit will succeed. Until then... Nobody knows.

[Searing]

LTC slightly down right now. When will we see 12-13usd again?

Look at the activation treshold progress and you'll find the answer: probably not too soon. It's going under $10 right now.. but I still believe it will rise one day and it will be unstoppable.

We will see +$15 as soon as Jihan will stop using the miners his customers would have received and Segwit will succeed. Until then... Nobody knows.

he is making miners to replace the miners he is using to stop seg witness we paid for...so 2 months down the line we will get miners..they
won't be the ones we ordered and difficulty will be 2x more then it is now

so hard to see how we are not gonna go to $4 ltc again..with bitmain doing a 'coup de ta' and turning LTC universe into Venezuela

hope I'm wrong but not to damn optimistic...by killing LTC bitmain assures asic boost (33% edge) and ONLY real equip mnfg for scrypt and sha-256
so sacrificing LTC and killing the coin is a small price to pay to get all this ....with a power play to save where their real equip and money is made
bitcoin

LTC is say a rook in chess to sacrifice to win the bitcoin network game .cheakmate.small price to pay..and until it is down to $4 coin they are
taking the majority of the $$ in mining and equip so what the hell

I see NO downside for them on any of this ...ESPECIALLY if what I suspect is true....in that they have screwed all their customers from the largest
distributors (eastshore mining for example) down to the guy who got 1 L3+ to mine that they are keeping

they LIKELY imho will just go FU to all of scrypt miner to the public and just go private with their next generation of chips..like KNC did
so ...not even a way to slap back at them if they frigging just leave town

well played bitmain ...well played




WE need a frigging crypto version of Batman......no law out here in the ASIC wilderness.....

[crypticj]

LTC slightly down right now. When will we see 12-13usd again?

Look at the activation treshold progress and you'll find the answer: probably not too soon. It's going under $10 right now.. but I still believe it will rise one day and it will be unstoppable.

We will see +$15 as soon as Jihan will stop using the miners his customers would have received and Segwit will succeed. Until then... Nobody knows.

They can always build more!! LOL


Also on a second calculation doing Litecoin Days destroyed you can see that between Accumulation and Distribution of Net Litecoin significant of 50million coins that have not been touched were traded or transferred to alt assets.

"Litecoin Days Destroyed" from the block chain analysis shows you that some one was a net seller or larger whales were seller while smaller transaction were buyers.

[crypticj]

LTC slightly down right now. When will we see 12-13usd again?

Look at the activation treshold progress and you'll find the answer: probably not too soon. It's going under $10 right now.. but I still believe it will rise one day and it will be unstoppable.

We will see +$15 as soon as Jihan will stop using the miners his customers would have received and Segwit will succeed. Until then... Nobody knows.

he is making miners to replace the miners he is using to stop seg witness we paid for...so 2 months down the line we will get miners..they
won't be the ones we ordered and difficulty will be 2x more then it is now

so hard to see how we are not gonna go to $4 ltc again..with bitmain doing a 'coup de ta' and turning LTC universe into Venezuela

hope I'm wrong but not to damn optimistic...by killing LTC bitmain assures asic boost (33% edge) and ONLY real equip mnfg for scrypt and sha-256
so sacrificing LTC and killing the coin is a small price to pay to get all this ....with a power play to save where their real equip and money is made
bitcoin

LTC is say a rook in chess to sacrifice to win the bitcoin network game .cheakmate.small price to pay..and until it is down to $4 coin they are
taking the majority of the $$ in mining and equip so what the hell

I see NO downside for them on any of this ...ESPECIALLY if what I suspect is true....in that they have screwed all their customers from the largest
distributors (eastshore mining for example) down to the guy who got 1 L3+ to mine that they are keeping

they LIKELY imho will just go FU to all of scrypt miner to the public and just go private with their next generation of chips..like KNC did
so ...not even a way to slap back at them if they frigging just leave town

well played bitmain ...well played




WE need a frigging crypto version of Batman......no law out here in the ASIC wilderness.....

That meme made me laugh searing... also they been accumulating Litecoin from October 2016 - march 2017 before they announced L3+ in my rough calculation they accumulated over 1.2 million litecoins or little less which they sold off in the rally having a lot of investor holding them at current prices.

They converted those Litecoins probably to BTC or Ethereum, or some other Blockchain based stable Alt currency they can manipulate and control next. Even DASH, since they might come out with x11 based asic miner or just straight out buy BAIKAL since they have the money to pay for it.

[Fragbait]

WE need a frigging crypto version of Batman......no law out here in the ASIC wilderness.....

You could always go visit Jiyhann, Lucy style.

[Nathan047]

LTC slightly down right now. When will we see 12-13usd again?

Potentially. LiteCoin will probably either get SegWit and we will see a big boost in Litecoin, or LiteCoin will crash and we will see a big dump. I guess we’ll see soon.

[JGoRed]

LTC slightly down right now. When will we see 12-13usd again?

We should probably see a 20$+ of LiteCoin if Segwit is activated, otherwise it'll probably only continue it's decline.

[mr.mister]

Where is the Litecoin leadership, and what are they saying? It looks like there is starting to be a lack of organization. What are their official plans for the currency? It does not appear That they can sustain 75% for not even a few days, so what is the plan? Are they just going to take it in the rear from Jihan Wu, or will they stand up to him and do something??? I see no official word anywhere. It doesn't look like a good sign.

[Nathan047]

Well, Litecoin SegWit is at 65%. I am honestly pretty surprised that it didn’t drop very much, but then again there were probably not many people expecting LiteCoin to pass SegWit on the first go.

[JGoRed]

Segwit is at 69%, prepare for some cheap coins everybody. Looks like the manipulators are still manipulating , although I don’t think anybody didn't see that coming.

[MontyK]

If the miners stay above 81% (currently 89%) for the next 26 hrs then it's all green lights.


I expect Jihan to come in and smash it though!

[Searing]

If the miners stay above 81% (currently 89%) for the next 26 hrs then it's all green lights.


I expect Jihan to come in and smash it though!

Unless he gets other pools..then the big ones he had before it is unlikely....at this stage..imho
due to the direct relationship of this surge in LTC price ($15.30) connected it seems to them
all holding hands and resolving  with this seg witness annoucement ...to wrap this up.

He and Bitmain ..imho....would not have enough to stop seg witness my concern is he just KEEPS the pre-order
miners he used to stop seq witness (or try to) and just send everyone $$$ back that
he upsurped the last month....ack...I have 4 L3+'s May 5th batch ..that would suck....

Hell ...going full evil ...its what I'd do...maybe......you'd have to toss in a 'trophy wife' but I could be bought...

then again 75% of my scrypt pow LTC mining is ROI'd KNC Titans...so I'm conflicted.....on the other hand ..seems MAYBE my ass is covered if it goes either way

(seems like a lot of FUN to go full evil... BFL/KNC/Bitmain....they all seem such 'happy' evil souls when it works )

must resist......argggh.....................the dark asic side of the force......


hmmmm....thats a trap too......utterly confused on wtf is going on Mind can not function....

I"m sorry ...frigging $15.30 LTC has me completely befuddled...it will take me week
or so to accept the fact ...this is all not just a fevered asic dream

I mean it was $4.15 LTC less then 2 months ago right???

crypto always drama.....then trama

[MontyK]

I'm trying to work out if he's actually got all those borrowed machines deployed to LTC or not.

He only needs to push it down to 80% atm and its all over

[Searing]

I'm trying to work out if he's actually got all those borrowed machines deployed to LTC or not.

He only needs to push it down to 80% atm and its all over

Hmmmm...I was under the impression 75% was what was needed....

NOT saying he could not do so..but WHY...he mined what 25% of the LTC hash rate for 1 month with
others peoples $$$ (say 1/2 of that hash was pre-orders)....he got his way on the agreement on block size increase...
and likely NOW that he went "to the light" he is probably selling more ASIC LTC machines then
he can keep up with..the grand plan also probably involved months before where he hoarded LTC
to dump at the right time (info is power)

as a diversify way to win/win/win I see no downside for Bitmain...for the next few months at least

On the other hand, he could just be so rich and so evil he has reached 'super villian' status
and just does not give a F*ck any more....(the let it all burn approach)

After this month, I'm flabbergasted.......so no clue on future madness by all involved
blindsided by all this ..and managed not to buy overprice asic equip by pure luck only....taking
a break (whew!)

[MontyK]

75% is correct as the overall target to lock in segwit.  It's at about 72%.  The signalling for the last blocks need to maintain 81% or better to achieve 75%.

ANything under 80% and Jihan wins

[MontyK]

Goodbye Asicboost for LTC 

[Dobmader]

75% is correct as the overall target to lock in segwit.  It's at about 72%.  The signalling for the last blocks need to maintain 81% or better to achieve 75%.

ANything under 80% and Jihan wins

Jihan also supports SegWit.

[Searing]

Goodbye Asicboost for LTC  

Maybe Bitmain found a 'work around' ..in that I heard ASIC Boost is done at the "pool end' so no one would know.

Sure would explain the 'about face' better from Bitmain on Segregated Witness. (er I guess that is a hidden slam against Bitmain's motives thou)

[emdje]

Looking great now, last 24 hours the support was well over 95%. If it stays that way it will be accepted

[pedrog]

More 1346 blocks signaling SegWit and it gets "locked_in" status in this activation period, we can get can SegWit activated in the next 18 days or so.

Hodl your hands!

[Nathan047]

More 1346 blocks signaling SegWit and it gets "locked_in" status in this activation period, we can get can SegWit activated in the next 18 days or so.

Hodl your hands!

I sure hope so. If SegWit is activated than I am sure we will all have a few extra bucks worth of LiteCoin.

It does really look like we’ll get SegWit, but then again those whales are tricky.

[Hatat]

More 1346 blocks signaling SegWit and it gets "locked_in" status in this activation period, we can get can SegWit activated in the next 18 days or so.

Hodl your hands!

I sure hope so. If SegWit is activated than I am sure we will all have a few extra bucks worth of LiteCoin.

It does really look like we’ll get SegWit, but then again those whales are tricky.

It is activated. I think the price will rise further.

[JGoRed]

It is activated. I think the price will rise further.

I sure hope so.

It's currently looking like it's on an uptrend so I'm holding onto most of my Litecoin, but I did sell some of it because I'm still not convinced that this pump will continue.