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Author Topic: SegWit and Altcoin  (Read 1829 times)
BTC_wolf (OP)
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April 23, 2017, 03:39:59 PM
 #1

Now that Ltc is on his way to successfully  implement segwit.
Im asking my self is there are other coins that are planning to do the same, for now i Just know VIA.
any hints?
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April 23, 2017, 04:04:22 PM
 #2

Now that Ltc is on his way to successfully  implement segwit.
Im asking my self is there are other coins that are planning to do the same, for now i Just know VIA.
any hints?
Digibyte, Syscoin. Both already planned to do segwit implemented in the future.

I think we will see more coins are trying to implement segwit to be his scalability.

More projects are interested on segwit and try to implement segwit in his ecosystem and no doubt if segwit will be popular in the technical solution, as far as I know segwit is really friendly with off-chain development.

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April 23, 2017, 04:58:30 PM
 #3

Now that Ltc is on his way to successfully  implement segwit.
Im asking my self is there are other coins that are planning to do the same, for now i Just know VIA.
any hints?

vertcoin is going to implement segwit too, i don't know why all this run to implement segwit, they think that with the segwit implementation their coin will get more value, but they don't actually need any block size increase

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BTC_wolf (OP)
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April 24, 2017, 06:08:57 AM
 #4

Now that Ltc is on his way to successfully  implement segwit.
Im asking my self is there are other coins that are planning to do the same, for now i Just know VIA.
any hints?

vertcoin is going to implement segwit too, i don't know why all this run to implement segwit, they think that with the segwit implementation their coin will get more value, but they don't actually need any block size increase

I think is just for the hype and value
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April 24, 2017, 06:17:17 AM
 #5

def hype,litecoin has cooled off a bit from yesterday wouldnt besurprised if it heats back up in the next couple days the higher that segwit percentage goes.


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April 24, 2017, 06:56:21 AM
 #6

many other altcoins are talking about implementation of SegWit but it is mostly because of the hype it gives them to pump their coin and in smaller coins it can sometimes be even more effective!
but also there are more benefits to SegWit than just the hype and price rise, the malleability fix is an example and also opening up the way for easy implementation of lightning network although I doubt any of the altcoins, specially those smaller ones even need this last one.

there is a topic in this board which is compiling a list of altcoins with SegWit support you can refer to it for more information. I believe it is updated:
Altcoins with SegWit support

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April 24, 2017, 07:40:56 AM
 #7

Now that Ltc is on his way to successfully  implement segwit.
Im asking my self is there are other coins that are planning to do the same, for now i Just know VIA.
any hints?

and now ltc price is increase into 0.01 after segwit is completed and the price still change into 0.011-0.0012 and reach $15 in just few days. its good for ltc holder because their ltc made them much of profit and the time for ltc to raise will come soon.

def hype,litecoin has cooled off a bit from yesterday wouldnt besurprised if it heats back up in the next couple days the higher that segwit percentage goes.

actually i am little surprise with ltc price because my prediction, ltc price will be more than 0.02 but for now, we need to waiting for more weeks and if we take a look in the market, the ltc moving is really good.

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April 24, 2017, 11:05:54 AM
 #8

So now every other altcoin wants to implement Segwit even if they don't need to.  They should worry about if people are really using their cryptocurrencies for real world uses instead of adding features that will end up being useless.  But we all know they're all doing it for pumpability purposes.  Wink

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April 24, 2017, 01:29:59 PM
 #9

This “segwit” talk was all fine and dandy early on to me too but when you take a look at it why would most of the altcoins need it ?

Bitcoin needed it because of the high transaction fee’s, litecoin is doing it because it is easier for it to implement and its also huge anyway, but getting some 100 btc volume low marketcap coin to implement segwit is just useless, its not bad but its not good neither, just plain useless.

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April 24, 2017, 01:46:50 PM
 #10

I don't understand why it is being implemented in alt-coins. Those alt-coins haven't hit the block size limit yet. They don't have high demand at the moment so there network does not fall apart unlike bitcoin. Maybe they want to test how SegWit will ran It alt-coin network but I don't think its necessary for the reasons above.




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April 24, 2017, 07:58:37 PM
 #11

NAVcoin will begin signaling Segwit on May 1st.

They also have a great team of developers and interesting projects going on, check it out. Smiley
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April 25, 2017, 09:09:23 PM
 #12

NAVcoin will begin signaling Segwit on May 1st.

They also have a great team of developers and interesting projects going on, check it out. Smiley

I checked on their website and it looks this is a promising crypto-currency. However, I looked at their roadmap and didn't see anything mentioning about the SegWit thing. Can you point me out to any article that says about signaling SegWit activation?

Edit: NVM, I already saw it in there Ann thread: https://bitcointalk.org/index.php?topic=679791.22400. I'll just have to check it out.

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April 25, 2017, 09:21:20 PM
 #13

soon or later all follow suit. it is marketing strategy

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April 26, 2017, 07:23:33 AM
 #14

So now every other altcoin wants to implement Segwit even if they don't need to.  They should worry about if people are really using their cryptocurrencies for real world uses instead of adding features that will end up being useless.  But we all know they're all doing it for pumpability purposes.  Wink
Yes majority of those Alts never been used in real life, and only usage except PnD is for transfer from one exchange to another couse they have much faster networks than BTC and small fee. This way altcoins becoming highways for arbitrage traiding of BTC. Everything else is just marketing! Grin
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April 26, 2017, 08:44:19 AM
 #15

So now every other altcoin wants to implement Segwit even if they don't need to.  They should worry about if people are really using their cryptocurrencies for real world uses instead of adding features that will end up being useless.  But we all know they're all doing it for pumpability purposes.  Wink
Yes majority of those Alts never been used in real life, and only usage except PnD is for transfer from one exchange to another couse they have much faster networks than BTC and small fee. This way altcoins becoming highways for arbitrage traiding of BTC. Everything else is just marketing! Grin

Not really.  They're all jumping the Segwit bandwagon because they need to pump their coins.  And for what?  Ironically they pump their coins to get more Bitcoin from it all.  That alone still makes Bitcoin the cryptocurrency to beat.

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April 26, 2017, 08:53:22 AM
 #16

soon or later all follow suit. it is marketing strategy

there are lots of other ways, easier ways to "market" your coin or to use the correct term: to pump your altcoin. you don't need to start SegWit on your altcoin. and besides it doesn't work on all the altcoins! there has to be some criteria met to implement SegWit, it is not like an interface that you can add to any coin you want!

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April 26, 2017, 09:40:29 AM
 #17

So now every other altcoin wants to implement Segwit even if they don't need to.  They should worry about if people are really using their cryptocurrencies for real world uses instead of adding features that will end up being useless.  But we all know they're all doing it for pumpability purposes.  Wink
Yes majority of those Alts never been used in real life, and only usage except PnD is for transfer from one exchange to another couse they have much faster networks than BTC and small fee. This way altcoins becoming highways for arbitrage traiding of BTC. Everything else is just marketing! Grin

Not really.  They're all jumping the Segwit bandwagon because they need to pump their coins.  And for what?  Ironically they pump their coins to get more Bitcoin from it all.  That alone still makes Bitcoin the cryptocurrency to beat.

Totally right, instead of working on ways to use their coin in daily life, which is th epurpose of a currency, they just follow the HYIPed developments and do the same even if it is just a waste of time and energie.

Let me tell you something, the coins who are actually been effectively used have a major difference with all the other coins : "Merchants intergration"

Why do you think XRP is so popular ? why XMR isn't ? how about PPC ?

XRP is really easy to use and integrate into a merchant website, plus it have the advantage to provide a FIAT exchange built-in the daemon.
XMR is still delayed on this point because they have other issues to solve, their code isn't mature enough.
PPC is a fork of Bitcoin, so it is natively made to be integrated but they don't provide lots of efforts on it.

So if you want your coin to be Known, Used,  Pumeped, HYIPed, try to get it accepted by Wallmart, or any major retailer and you will see the price skyrocketing.
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April 26, 2017, 10:07:48 AM
 #18

Now that Ltc is on his way to successfully  implement segwit.
Im asking my self is there are other coins that are planning to do the same, for now i Just know VIA.
any hints?

vertcoin is going to implement segwit too, i don't know why all this run to implement segwit, they think that with the segwit implementation their coin will get more value, but they don't actually need any block size increase

I think is just for the hype and value

all coins are adding segwit for that reason, for hype and increase their marketcap, now there is much talk about this thing, and having segwit can give you some new investors that invest in your coin, and no coin need segwit minus bitcoin, segwit is a trend now like it was with anonymous coin, masternodes and everything you can remember

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April 26, 2017, 10:18:28 AM
 #19

Now that Ltc is on his way to successfully  implement segwit.
Im asking my self is there are other coins that are planning to do the same, for now i Just know VIA.
any hints?
I foresee a lot of altcoins implementing this now and the majority of them will do it purely for the hype and short term price increase, especially newly created coins that will feature this is as one of the main selling points, similar to what we had last year with anonymous coins.
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April 26, 2017, 12:31:50 PM
 #20

I don't understand why it is being implemented in alt-coins. Those alt-coins haven't hit the block size limit yet. They don't have high demand at the moment so there network does not fall apart unlike bitcoin. Maybe they want to test how SegWit will ran It alt-coin network but I don't think its necessary for the reasons above.


Segwit is not just about making blocks slightly larger. Segwit brings some fixes aswell and it lays the foundation for more complex updates like lightning network.
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