Is Segwit for LTC really necessary? Why?

[disconnectme]

It's probably better if Segwit is activated. The amount of people using Litecoin is going down all the time. Will soon remain as another dumped altcoin.

I think the last price movement just shows that Litecoin truely need SegWit just to get back to limelight. I hope it can sustain the recent gains

[lurker10]

Just calm down roger shill pls, don`t get heart attack

segwit is heavy tested at bitcoin test net for a looooooong period already, if you have any proff it gona go down, why don`t you post your finding

market support is there and can`t be faked, only ignorant ppl live in fear of new tech!

A network split happened a few weeks ago on the segwit testnet because non segwit nodes couldn't process allegedly soft fork segwit blocks. This is public information on the bitcoin dev mailing list, and you tell me it's heavy tested, LOL

Do you call who can sybil more non mining nodes support of the market? By sober unbiased estimates not coming from Blockstream minions like yourself, the market is divided evenly between Core/Segwit and onchain scaling solutions (BU, Classic, whatever with big blocks but not segwit).

Fear of the new tech, LOL. Bitcoin is old tech by crypto standards, a dinosaur walking to extinction. There are many coins today with superior tech. You should come from under your rock sometimes.

There are chain splits because people still insist on using 0.12.x on the testnet and they're not connected to a relay node. Once SegWit is active, miners have to use clients that are SegWit aware...

You have described a hard fork.
Segwit is a hard fork in disguise.

[Ayers]

Just calm down roger shill pls, don`t get heart attack

segwit is heavy tested at bitcoin test net for a looooooong period already, if you have any proff it gona go down, why don`t you post your finding

market support is there and can`t be faked, only ignorant ppl live in fear of new tech!

A network split happened a few weeks ago on the segwit testnet because non segwit nodes couldn't process allegedly soft fork segwit blocks. This is public information on the bitcoin dev mailing list, and you tell me it's heavy tested, LOL

Do you call who can sybil more non mining nodes support of the market? By sober unbiased estimates not coming from Blockstream minions like yourself, the market is divided evenly between Core/Segwit and onchain scaling solutions (BU, Classic, whatever with big blocks but not segwit).

Fear of the new tech, LOL. Bitcoin is old tech by crypto standards, a dinosaur walking to extinction. There are many coins today with superior tech. You should come from under your rock sometimes.

There are chain splits because people still insist on using 0.12.x on the testnet and they're not connected to a relay node. Once SegWit is active, miners have to use clients that are SegWit aware...

You have described a hard fork.
Segwit is a hard fork in disguise.

he is wrong, miners are already using segwit, everyone who run 0.14 version is using it, just segwit is not activated yet because of the consensus which is needed, and this make segwit a soft fork not an hard fork

[JGoRed]

Unnecessary because Litecoin's network is not crowd like Bitcoin's, this is only for pump, not the real use. If bitcoin signals SW, btc will be pumped too.

Please learn what segwit is, its not about block scaling why litecoin need it
As market want to test SEGWIT as solution for bitcoin problem, litecoin can be used for that test!!

What problem?

High fees and slow transactions.

[lurker10]

Unnecessary because Litecoin's network is not crowd like Bitcoin's, this is only for pump, not the real use. If bitcoin signals SW, btc will be pumped too.

Please learn what segwit is, its not about block scaling why litecoin need it
As market want to test SEGWIT as solution for bitcoin problem, litecoin can be used for that test!!

What problem?

High fees and slow transactions.

Remove the block size limit and the problem is solved.

[SHAWN-MIDWAYS]

It's probably better if Segwit is activated. The amount of people using Litecoin is going down all the time. Will soon remain as another dumped altcoin.

I think the last price movement just shows that Litecoin truely need SegWit just to get back to limelight. I hope it can sustain the recent gains

thats probably the only reason litecoin activated segwit with all the speculations of bitcoin soon to have it implemented
am pretty sure they were/are trying to win some support through it  indirectly and see the alt grow once again.

Necessary: its not a viable route for ltc which as it has a limited activity atm

[reb0rn21]

Unnecessary because Litecoin's network is not crowd like Bitcoin's, this is only for pump, not the real use. If bitcoin signals SW, btc will be pumped too.

Please learn what segwit is, its not about block scaling why litecoin need it
As market want to test SEGWIT as solution for bitcoin problem, litecoin can be used for that test!!

What problem?

High fees and slow transactions.

Remove the block size limit and the problem is solved.

block size limit is just temporary solution which would harm security (big block more time to propagate) also more centralization as more resources would be needed for a full node
segwit is smart solution and not brute force!

also this is litecoin topic and you know litecoin does not need more block room!? or you confused us with bitcoin agenda while shilling for BU twats

[bbc.reporter]

It's probably better if Segwit is activated. The amount of people using Litecoin is going down all the time. Will soon remain as another dumped altcoin.

Why do you say that? Do you think the users will come back because of segwit and then later the Lighting network? Please state your reasons why you think that.

It comes back to my main question why segwit is necessary in litecoin. Most of the arguments made here are all speculative and made up by unqualified people who want to make themselves look smart.

[springgers]

I found this tweet rather interesting and kind of funny:

https://twitter.com/SatoshiLite/status/852087709858373633/photo/1

[reb0rn21]

It's probably better if Segwit is activated. The amount of people using Litecoin is going down all the time. Will soon remain as another dumped altcoin.

Why do you say that? Do you think the users will come back because of segwit and then later the Lighting network? Please state your reasons why you think that.

It comes back to my main question why segwit is necessary in litecoin. Most of the arguments made here are all speculative and made up by unqualified people who want to make themselves look smart.

1. bitcoin scaling problem
2. litecoin is on all, or soon on all exchanges
3. litecoin is one of top alts that have fair distribution with no premine, instamine and shady works of the ppl behind it
4. litecoin code is almost copy of bitcoin so dev that work on segwit, LN, etc will be happy to work on litecoin too

To the math yourself, market is mad due high bitcoin fees and slow trasactions, they don`t want BTC clone, they want scalibility solution as segwit!

[NoiseBoy]

Honestly, the best reason to want to activate SegWit for LTC is so that we can see how well it works and thus make a better informed decision about whether to support it for Bitcoin. I'm actually kinda surprised some Core miners haven't decided to point their hashing power at LTC, at least for long enough to activate the fork.

Apart from that, it's better to activate a scaling fix before there's a scaling problem. Just because it isn't needed not to clear the mempool today doesn't mean it won't be useful at some future point.

[shyliar]

Honestly, the best reason to want to activate SegWit for LTC is so that we can see how well it works and thus make a better informed decision about whether to support it for Bitcoin. I'm actually kinda surprised some Core miners haven't decided to point their hashing power at LTC, at least for long enough to activate the fork.

Apart from that, it's better to activate a scaling fix before there's a scaling problem. Just because it isn't needed not to clear the mempool today doesn't mean it won't be useful at some future point.

The reason SHA256 bitcoin miners don't point their hashrate at scrypt litecoin is because it is completely impossible to mine a scrypt coin with a SHA256 miner.

[reb0rn21]

Sure they helped as they could, and will support litecoin if it manage to activate segwit before bitcoin (which is almost 100%)
1. if masf (miner activation soft fork) fail we go to uasf (user activation soft fork) all is put to motion and will not be stoped!

now nothing can stop it

BU shills have nothing to offer to litecoin so they better be silent, but we know they are kinda chaotic 100%!

[bbc.reporter]

It's probably better if Segwit is activated. The amount of people using Litecoin is going down all the time. Will soon remain as another dumped altcoin.

Why do you say that? Do you think the users will come back because of segwit and then later the Lighting network? Please state your reasons why you think that.

It comes back to my main question why segwit is necessary in litecoin. Most of the arguments made here are all speculative and made up by unqualified people who want to make themselves look smart.

1. bitcoin scaling problem
2. litecoin is on all, or soon on all exchanges
3. litecoin is one of top alts that have fair distribution with no premine, instamine and shady works of the ppl behind it
4. litecoin code is almost copy of bitcoin so dev that work on segwit, LN, etc will be happy to work on litecoin too

To the math yourself, market is mad due high bitcoin fees and slow trasactions, they don`t want BTC clone, they want scalibility solution as segwit!

That is still very speculative. It does not guarantee the same bitcoin sized success for litecoin. From my view all litecoin did was to take advantage of bitcoin's bad situation. If their development team have thought of doing segwit first then things would be better, but it did not.

What if segwit activates in bitcoin? What will happen to litecoin now? It shows that the move to litecoin is mostly speculations by the traders. If a majority of merchants started to accept litecoin then I would be the first to say litecoin is gaining.

[reb0rn21]

Well then just activate segwit by masf or uasf if miner fails to push litecoin.... then we gona see

Activating segwit with bitcoin is not so "easy" because some ask for bigger block (BU) some wants nothing to change, then there is segwit, etc... so deceison is more complex and its more hard to get users wishes for one goal