Litecoin SegWit is Locked In

[mining1]

So it seems it won't activate. jihanwu will stop segwit with the miners he was supposed to sell, so he delayed preorders and now he mines with the already "sold" equipment. 63% atm and dropping https://www.litecoinpool.org/pools
Supporting segwit on litecoin would harm his anti segwit position on BTC so that's why he's so adamant to stop it. I don't see how LTC can have segwit activated with 75% because bitmain has no competition in building asics.

USAF can't be done without 51% of mining power, preferably 75-80% for safety. And a POW change to dagger-hashimoto, aka asic resistant, something ethereum uses, would be dangerous because then charlie lee would have to fight every chinese miner aswell.

[truxton]

Litecoin will be added to the Blocknet Decentralised Exchange TODAY!

https://bitcointalk.org/index.php?topic=829576.6680

[densuj]

The price may go up because of it. I personally hope that the coin goes down in value so I could purchase a bunch of it.

Yes, litecoin price is increasing trend up today and it will be more going up because of the activation of segwit on litecoin will happen, it is good news and innovations for litecoin.
You don't hope that the litecoin's price goes down, usually there is time to correction of price and you can buy litecoin on there, that is good time to buy litecoin because litecoin's price will goes down little.

[pereira4]

Still a long way to go, 10 days or 2 weeks depending on the hashrate. Anything can go wrong at any second. It peaked at 0.0019 satoshis today, and now, 0.0098 satoshis, im glad that I didn't buy, maybe we can buy back cheaper.

Your numbers are a little off: it peaked at .0107 and sits at .00985. Things are just getting started, much higher numbers coming.

I misplaced a zero, I meant to say .019, and as expected the price is going down because Jihan Wu is screwing up investors again with his anti-segwit policy. Thought luck for those still holding LTC. Only way is down now and who knows how low it will go.

[alyssa85]

According to the following they're at 63.8% in the last 24 hours:

http://litecoin-segwit.info/

which is not great, but still retrievable.

[pedrog]

According to the following they're at 63.8% in the last 24 hours:

http://litecoin-segwit.info/

which is not great, but still retrievable.

Non SegWit pools control more than 35% hashrate now:

LTC1BTC: 18,2%
LTC.top: 12%
Antpool: 5,2%

https://www.litecoinpool.org/pools

Doesn't look good.

[BitcoinNewsMagazine]

As long as Jihan Wu has the ability to block SegWit activation on litecoin he will do everything in his power (because he can.) Buying litecoin now is a crapshoot. There are better coins in which to invest your money.

[kiklo]

Litecoin never needed deadwit, all litecoin needs to explode into space, is for coinbase to get off their asses and have a direct LTC purchase.

After that , hang on it's going up. 



 

[BitcoinNewsMagazine]

Litecoin never needed deadwit, all litecoin needs to explode into space, is for coinbase to get off their asses and have a direct LTC purchase.

After that , hang on it's going up. 



 

Just like Ether did when Coinbase added it to GDAX? Ether went down 70% in six months.

[dwgscale11]

Litecoin never needed deadwit, all litecoin needs to explode into space, is for coinbase to get off their asses and have a direct LTC purchase.

After that , hang on it's going up. 



 

Just like Ether did when Coinbase added it to GDAX? Ether went down 70% in six months.

That is completely irrelevant.  Ether crashed because the dao hack and the fail rollback that lead to a completely new shitcoin.  Fail.;

[kiklo]

Litecoin never needed deadwit, all litecoin needs to explode into space, is for coinbase to get off their asses and have a direct LTC purchase.

After that , hang on it's going up.  

 

Just like Ether did when Coinbase added it to GDAX? Ether went down 70% in six months.

Hmm,
You seem clueless to the fact since BTC has begun failing because of high transaction fees and being overpriced.
That the alts are growing.
Eth went from $15 to ~ $50 , over 3X profit in less than 2 months.  So feel free to miss out on the profits , if you rather just be stupid.  

Examine BTC Dominance: 66.8% on CMK, it lost 20% in 2 months, BTC is only for the ultra rich now, no one else will mess with it, meaning all of the money from the rest the world will pour into the Alts.  
http://coinmarketcap.com/charts/#btc-percentage

GDAX & Coinbase may be owned by the same company, but the majority of coinbase users never mess with GDAX at all.
The direct coin base wallet is the one that the majority use, and BTC & Eth are the only two on it.
When LTC is added BTC dominance will drop even more.

 

[bbc.reporter]

This is an exciting time for litecoin and the community. Here is a question for all of you. If Segwit in bitcoin does not activate will the bitcoin developers who planned on setting up a Lightning Network work on a Segwit activated litecoin? Will they bring all their research and technology so that they will be of use?

https://twitter.com/SatoshiLite/status/852618190655860737

I also saw this https://mobile.twitter.com/SatoshiLite/status/852623348769017856

It is now looking like all the developers who were working on the Lightning Network for bitcoin will transfer and continue development for litecoin. What of the others like Mimble Wimble? They also need segwit activated right?

[kiklo]

This is an exciting time for litecoin and the community. Here is a question for all of you. If Segwit in bitcoin does not activate will the bitcoin developers who planned on setting up a Lightning Network work on a Segwit activated litecoin? Will they bring all their research and technology so that they will be of use?

https://twitter.com/SatoshiLite/status/852618190655860737

I also saw this https://mobile.twitter.com/SatoshiLite/status/852623348769017856

It is now looking like all the developers who were working on the Lightning Network for bitcoin will transfer and continue development for litecoin. What of the others like Mimble Wimble? They also need segwit activated right?

No segwit and LN can not function trustless , ie: it is crap without the deadwit.
http://litecoinblockhalf.com/segwit.php

Segwit support is now below the 75% needed, segwit is deadwit.  


 
 
FYI:
Deadwit would let the Banking Cartels steal transaction fees directly from the miners,
Do you guys really believe the miners are that stupid.
That is why they will block deadwit with their last breath, if deadwit wins they all lose.
And the ones claiming adding deadwit will help everyone is a bunch of lying ass btc core trolls.

[Red-Apple]

This is an exciting time for litecoin and the community. Here is a question for all of you. If Segwit in bitcoin does not activate will the bitcoin developers who planned on setting up a Lightning Network work on a Segwit activated litecoin? Will they bring all their research and technology so that they will be of use?

https://twitter.com/SatoshiLite/status/852618190655860737

I also saw this https://mobile.twitter.com/SatoshiLite/status/852623348769017856

It is now looking like all the developers who were working on the Lightning Network for bitcoin will transfer and continue development for litecoin. What of the others like Mimble Wimble? They also need segwit activated right?

they are the same developers of litecoin that worked also on lightning  network and they will continue doing so, this is not the end. but sadly once again it was proven that politics in bitcoin and by extension in litecoin is going to prevent us from moving forward.
p.s. i am not sure how Mimble Wimble works! but i think yes it needs SegWit.

[alyssa85]

As long as Jihan Wu has the ability to block SegWit activation on litecoin he will do everything in his power (because he can.) Buying litecoin now is a crapshoot. There are better coins in which to invest your money.

If Litecoin had a bigger community they could all start mining and try to force it through, it is a script coin after all. But they are not big enough, and that's their biggest flaw.

[oaks05]

The issue is the guy with all the hashrate is the guy with all the technology if anyone starts to try and take it back over he can just throw more machines at it.

[Franz_Huber]

This is an exciting time for litecoin and the community. Here is a question for all of you. If Segwit in bitcoin does not activate will the bitcoin developers who planned on setting up a Lightning Network work on a Segwit activated litecoin? Will they bring all their research and technology so that they will be of use?

https://twitter.com/SatoshiLite/status/852618190655860737

I also saw this https://mobile.twitter.com/SatoshiLite/status/852623348769017856

It is now looking like all the developers who were working on the Lightning Network for bitcoin will transfer and continue development for litecoin. What of the others like Mimble Wimble? They also need segwit activated right?

No segwit and LN can not function trustless , ie: it is crap without the deadwit.
http://litecoinblockhalf.com/segwit.php

Segwit support is now below the 75% needed, segwit is deadwit.  


 
 
FYI:
Deadwit would let the Banking Cartels steal transaction fees directly from the miners,
Do you guys really believe the miners are that stupid.
That is why they will block deadwit with their last breath, if deadwit wins they all lose.
And the ones claiming adding deadwit will help everyone is a bunch of lying ass btc core trolls.

Please stop spreading the nonsense about banking cartels stealing transaction fees. That's garbage.
Segwit is a malleability fix, it brings 2nd layer scaling, signature optimization, more block space, less bandwidth, better utxo mgmt,
easier hardware wallets. It makes cryptocurrencies interoperable: Imagine being able to pay with Litecoin in a shop that accepts Bitcoin only - no problem if both coins have Lightning network. This would make BTC and LTC so much more useful that miners would own a lot more money.

[MontyK]

It just looks to me that segwit is not going to make it on LTC.  It keeps getting knocked down for some reason?

[European Central Bank]

It just looks to me that segwit is not going to make it on LTC.  It keeps getting knocked down for some reason?

i think the excitement is over for now. now less than 65% at present. to have a chance it must remain over 75% from now until the end of this period.

the next thing we'll see is whether jihan wu hangs on to the miners he was supposed to be selling to people. maybe it'll depend on when he gets more.

[ccs5t]

Antpool just dropped to 55ghs maybe Jihan is up to something again.