Litecoin SegWit is Locked In

[European Central Bank]

They did publish and agreement but didn't publish a time scale.

They might drag it out for months under the guise of 'testing' so they can play with the market more.

[JGoRed]

Are you sure? There’s a lot of manipulation going on right now and I can’t help but to speculate there’s a good chance that the whales will bank on us pumping up LTC thinking Segwit will be activated and then stopping it once they’ve cashed out only to repeat the process.

[shyliar]

Good news a resolution reached and Bitmain is on board.

https://medium.com/@Litecoinchina/litecoin-global-roundtable-resolution-001-2017-c67b729bc06d

Shouldn't be long before all major pools are signalling. They tested for a few blocks yesterday so are ready to go.

Well the price is moving up nicely on the back of that.

Unfortunately the signalling is back down to 62.4% in the last 24 hours. They are now going to be more than 80% signalling for the rest of this period to make up for it.

Once they start signalling over 90 percent for the rest of the period will be typical. It would be nice to see them exceed 95 percent during some 24 hour periods.

[Red-Apple]

it is getting too hard to follow what is going on with Litecoin's SegWit activation these days, i imagine Charlie Lee running around door to door, talking to everyone and convincing them about SegWit.

anyways i changed the title to TBD (to be determined) since it has been well below 75% for some time and we don't know when that is going to change.

the good news is that price doesn't care about it apparently

[kiklo]

it is getting too hard to follow what is going on with Litecoin's SegWit activation these days, i imagine Charlie Lee running around door to door, talking to everyone and convincing them about SegWit.

anyways i changed the title to TBD (to be determined) since it has been well below 75% for some time and we don't know when that is going to change.

the good news is that price doesn't care about it apparently

Market never did care about deadwit.

It is the direct LTC to FIAT Wallet on Coinbase , that is what matters and when it activates.   




 

[pereira4]

Braindead kiklo and franky1 continue negating reality, meanwhile altcoins that are about to get segwit instapump everytime positive news about segwit arise. LTC will reach an ATH if segwit is activated because it's the only viable way to get all the efforts developed in LN within a real coin, because BTC will not get segwit anytime soon (if ever)

[CoinHoarder]

It is puzzling to me that Segwit support is still under 75% even after the super secret China/LTC developer summit where they supposedly all agreed to support Segwit, Jihan included.

Furthermore, it kind of irked me that Charlie+ other LTC developers seemed to promise Jihan that they would increase the block size when it is half full. He does have enough power and sway within the LTC community to make sure it happens, but it is practically declaring Litecoin is an oligarchy with Charlie and the Chinese cartel pulling the strings. I understand he was just doing what needed to be done (compromising) to get Segwit activated on Litecoin, but it still doesn't sit quite right with me. Bitcoin is better in these regards, as there is not one single person with that much sway within the communtiy since Satoshi dropped off the face of the planet.

[kelsey]

yep as i said earlier the cartel's shorts where having less effect each twitter 'scam' announcement, so sooner or later they had to go long 

[remedcu]

New info on LTC:

http://www.coindesk.com/litecoin-miners-back-plan-support-segwit-blockchain-upgrade/

It's already at 70% right now.

[Ayers]

New info on LTC:

http://www.coindesk.com/litecoin-miners-back-plan-support-segwit-blockchain-upgrade/

It's already at 70% right now.

but it was at 75% before, and then returned back why? but the value is higher, this is weird, i think investors are buying without knowing what they are buying, following the hype of other investrors that start the pump, or simply this market is rigged and will crush soon, i only whatch for now to dangerous to enter here

[wyndellvengco]

New info on LTC:

http://www.coindesk.com/litecoin-miners-back-plan-support-segwit-blockchain-upgrade/

It's already at 70% right now.

but it was at 75% before, and then returned back why? but the value is higher, this is weird, i think investors are buying without knowing what they are buying, following the hype of other investrors that start the pump, or simply this market is rigged and will crush soon, i only whatch for now to dangerous to enter here

Where can we see this hash rate sir?

[shyliar]

You can find information here:

https://www.litecoinpool.org/pools

The last 500 blocks info will continue increasing to over 90 percent within the next 20 hours or so. Frankly I'm hoping for 95 percent to be maintained over the coming days so LTC demonstrates it can even beat the higher threshold.

Once passed I'm looking forward to the Lightning Network announcements. Upcoming confidential transactions announcements is something else I'm interested in as well.

[wyndellvengco]

You can find information here:

https://www.litecoinpool.org/pools

The last 500 blocks info will continue increasing to over 90 percent within the next 20 hours or so. Frankly I'm hoping for 95 percent to be maintained over the coming days so LTC demonstrates it can even beat the higher threshold.

Once passed I'm looking forward to the Lightning Network announcements. Upcoming confidential transactions announcements is something else I'm interested in as well.

Thanks for the help man. 😀

[remedcu]

but it was at 75% before, and then returned back why? but the value is higher, this is weird, i think investors are buying without knowing what they are buying, following the hype of other investrors that start the pump, or simply this market is rigged and will crush soon, i only whatch for now to dangerous to enter here

Indeed not a good time to buy, but surely for sell. But I think the price and the % required for segwit will soon increase. So, those who are a bit risky, there is still space for day trading.

[wyndellvengco]

but it was at 75% before, and then returned back why? but the value is higher, this is weird, i think investors are buying without knowing what they are buying, following the hype of other investrors that start the pump, or simply this market is rigged and will crush soon, i only whatch for now to dangerous to enter here

Indeed not a good time to buy, but surely for sell. But I think the price and the % required for segwit will soon increase. So, those who are a bit risky, there is still space for day trading.

But if you are believing that its price will pump to the moon. This is the best time to buy. Hahaha

[remedcu]

Once passed I'm looking forward to the Lightning Network announcements. Upcoming confidential transactions announcements is something else I'm interested in as well.

That will be giving another boost to the LTC price market. I would recommend to sell a part (1/3) of your LTC holding on these times. And another part (1/3) to be sold on the above announcement or implementation time. Keep a part (1/3) for long term.

But if you are believing that its price will pump to the moon. This is the best time to buy. Hahaha

Major play is on the human psychology mate, the trading can't be ever predicted for 100%, but surely can make calculative risks and speculations on facts, news and trends.

[alyssa85]

Signalling is now at 77.5% in the last 24 hours.

Hopefully it will continue like that and will activate this period.

I sold my stash when the price jumped, managed to get a 10% return, and I am content - will wait to see what happens after segwit activates. I kinda think that when nothing much happens, the price will go down again. There were only 7,768 transactions in the last 24 hours, no-one actually uses this coin:

https://bitinfocharts.com/comparison/litecoin-transactions.html

[PoolMinor]

I don't know why this is so difficult for most to understand.

There needs to be 6048 blocks signaling SW during the activation period. The average daily percentage of pools signaling does not matter, only the amount of blocks matters. If we don't solve at least 6048 blocks with SW signal then we will need to wait until the next activation period.

Currently there are 3776 blocks signaled SW, therefore out of the remaining 2774 blocks left to be found in this period 2272 need to be signaling.

http://www.litecoinblockhalf.com/segwit.php

[European Central Bank]

Currently there are 3776 blocks signaled SW, therefore out of the remaining 2774 blocks left to be found in this period 2272 need to be signaling.
http://www.litecoinblockhalf.com/segwit.php

wow. that will be tighter than tight. i don't believe any coin can ever have that much consensus.

[PoolMinor]

Currently there are 3776 blocks signaled SW, therefore out of the remaining 2774 blocks left to be found in this period 2272 need to be signaling.
http://www.litecoinblockhalf.com/segwit.php

wow. that will be tighter than tight. i don't believe any coin can ever have that much consensus.

The pool percentage only needs to be 82% or higher during the next ~4 days. No worries.  2272/2774 =81.903%