Litecoin is officially dead

[Searing]

You forgot short the coins in the meantime just because, but that sounds quite possible. I think it's highly unfortunate that there are no other miner manufacturers left (well, Inno), they seem to have been run out of the market.

Hm. No, I'm going back to bed.

Yeah a lot more peels to this onion. Of course UASF could fix this. But remember asic
boost works dandy with that. Also you have 2/3rd's more asics in hand from selling and
keeping. To keep your army intact. Then slow sales and you control the faucet on pow scrypt.

edit: I was wrong..bitmain is even more evil then I thought not 2 miners for him for every 1 to us..he is keeping them all

seems a firmware problem is delaying the next batch times

how frigging lucky he is huh

https://www.reddit.com/r/Bitcoin/comments/661ycw/more_jihan_games_litecoin_miners_which_were_due/

So bitmain will stop seg witness...probably at least double if not triple the difficulty do so....then we get our miners after that

nice to know I paid for 4 miners to 'go pure evil' for bitmain and its killing of seg witness

FML

(also editied my previous main post on what I thought was going on...obviously .more evil then I can contemplate is moving about)

[fkod]

Litecoin in unpredictable actions. Looks week. Maybe reason for bitcoin rising.

I personally can not trust for open position at this time. There seems to be a lack of motivation.

This year is definitely year of alts! This including LTC, maybe it is not best one but still has much potential for pumps and dumps (for earnings). Im listening stories about "LTC is dead" etc from 3$ per coin, what happened? BTC is ok LTC is even better!

I agree with you. Taking a long time depressions and value losses of alt coins caused brought these stories.

In later months even if btc is strong, i also believe that this year will be much different for the alt coins.

[Instamined]

edit: I was wrong..bitmain is even more evil then I thought not 2 miners for him for every 1 to us..he is keeping them all

seems a firmware problem is delaying the next batch times

how frigging lucky he is huh

https://www.reddit.com/r/Bitcoin/comments/661ycw/more_jihan_games_litecoin_miners_which_were_due/

So bitmain will stop seg witness...probably at least double if not triple the difficulty do so....then we get our miners after that

nice to know I paid for 4 miners to 'go pure evil' for bitmain and its killing of seg witness

FML

(also editied my previous main post on what I thought was going on...obviously .more evil then I can contemplate is moving about)

Literally every ASIC manufacturer has done that. There are practically zero repercussions for anything in cryptocurrency.

Pay a large sum, larger than you could ever hope to pay back mining, for a miner advertised arriving several months before it actually shows up that has been used to the point of failure and is no longer as profitable because they have used the order money to produce a new batch of asics for themselves.

[lightfoot]

Oddly enough I have no problem with using ASICs as a shortcut on the algo (Asic Boost). Every person on the Earth is looking at SHA256 to see if there are places for efficiency and if found they exploit. Technically KNC and others exploited their own type of ASIC boost in order to make Scrypt run on dies (lots of cores with little memory each working on a smaller segment of the problem instead of fewer cores with a monster memory map as is GPUs). So you know, there's that.

The bigger item to note (not a problem, a feature) is there is no regulation in the bitcoin marketplace, thus this type of manipulation is part of the point of the damn thing. We didn't want any of that annoying govt stuff, we're getting some dictators.

What interests me in this particular grab is that litecoin per se isn't the point, the point is to squash development of segwit on litecoin (which if successful would pull stuff from bitcoin, put pressure on bitcoin to adopt it, gather all sorts of happy press, etc). This can be done by adding 25% hashing power to the litecoin network (to forever block it) which would at 90k difficulty levels take only a thousand or three L3+'s.

At roughly $300 each to manufacture in China land and no support costs (they own em, who cares if they blow up) that's a good solid 300k to sink segwit, protect your bitcoin market, and roll along. Pennies if you think about it.

Now if you had other ASIC manufacturers in business you might have a counterweight on this, but BFL, Avalon, AMT, KNC, GAW, CoinTerra, Spoondles, and others are all gone. Done in by bad feedback, crap products, skyrocketing difficulty and the like leaving AM standing.

I often wonder why AM even bothers selling miners at all, just keep them and rule the market. Any competitor shows up either sue them into oblivion, or just sell your castoffs for $10 each.

Hm.

[Instamined]

The bigger item to note (not a problem, a feature) is there is no regulation in the bitcoin marketplace, thus this type of manipulation is part of the point of the damn thing. We didn't want any of that annoying govt stuff, we're getting some dictators.

I often wonder why AM even bothers selling miners at all, just keep them and rule the market. Any competitor shows up either sue them into oblivion, or just sell your castoffs for $10 each.

Hm.

Yeah, the last thing the crooks pulling the levers on this system want is regulation because it would hamper their highly corrupt, profitable venture.


They sell ASICS because there is more money in selling unprofitable equipment and manufacturing more efficient chips.

[mistanama]

Litecoin in unpredictable actions. Looks week. Maybe reason for bitcoin rising.

I personally can not trust for open position at this time. There seems to be a lack of motivation.

This year is definitely year of alts! This including LTC, maybe it is not best one but still has much potential for pumps and dumps (for earnings). Im listening stories about "LTC is dead" etc from 3$ per coin, what happened? BTC is ok LTC is even better!

I agree with you. Taking a long time depressions and value losses of alt coins caused brought these stories.

In later months even if btc is strong, i also believe that this year will be much different for the alt coins.

If there is an agreement of block size increase, the price of bitcoin will rise a lot.

[gribble]

Litecoin in unpredictable actions. Looks week. Maybe reason for bitcoin rising.

I personally can not trust for open position at this time. There seems to be a lack of motivation.

Yes, but litecoin is good be traded on poloniex because the trend of litecoin is increasing
 it is good time for make profit from trading altcoins, although maybe today is time for going down of litecoin,
what I know why litecoin is increasing because of the activation of segwit in litecoin,
 although it is not 100% true but it is good news for litecoin.

[truxton]

LTC TESTING HAS BEGUN ON THE BLOCKNET DECENTRLAISED EXCHANGE!

[Rikim4ru]

what is this?

[truxton]

what is this?

First ever decentralised exchange.  No coding required.  details:
https://bitcointalk.org/index.php?topic=829576.6720

[sidhujag]

LTC TESTING HAS BEGUN ON THE BLOCKNET DECENTRLAISED EXCHANGE!

The least you can do is spell the fricken thing properly!

[shyliar]

Today would be a good day for this thread to be labeled officially dead and placed in the trash bin.

[Searing]

Seq witness for LTC
Is now a done deal 😄

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

[Ayers]

what is this?

First ever decentralised exchange.  No coding required.  details:
https://bitcointalk.org/index.php?topic=829576.6720

first? i don't think so, you know about bitsquare right? or bitshares 2.0, they are both pretty popular and they are very old decentralized exchange

Today would be a good day for this thread to be labeled officially dead and placed in the trash bin.

technically this is only a pump, remember what happened with the halvign, a pump and then a dump and was forgot again, still looks very dead to me, the value isn't moving much from the first 2x that was reached for segwit

[tigershark]

what is this?

First ever decentralised exchange.  No coding required.  details:
https://bitcointalk.org/index.php?topic=829576.6720

first? i don't think so, you know about bitsquare right? or bitshares 2.0, they are both pretty popular and they are very old decentralized exchange

Today would be a good day for this thread to be labeled officially dead and placed in the trash bin.

technically this is only a pump, remember what happened with the halvign, a pump and then a dump and was forgot again, still looks very dead to me, the value isn't moving much from the first 2x that was reached for segwit

So by pump you mean artificial and it will get dumped again? I was hoping that litecoin would follow in the steps of dash and ether and at least get to $50 before I sell.

[sidhujag]

what is this?

First ever decentralised exchange.  No coding required.  details:
https://bitcointalk.org/index.php?topic=829576.6720

first? i don't think so, you know about bitsquare right? or bitshares 2.0, they are both pretty popular and they are very old decentralized exchange

Today would be a good day for this thread to be labeled officially dead and placed in the trash bin.

technically this is only a pump, remember what happened with the halvign, a pump and then a dump and was forgot again, still looks very dead to me, the value isn't moving much from the first 2x that was reached for segwit

So by pump you mean artificial and it will get dumped again? I was hoping that litecoin would follow in the steps of dash and ether and at least get to $50 before I sell.

Its a bull within a larger bear within a larger bull.. it means we have a long ways to come down before any real rise

[25hashcoin]

I don't know...as of today, this thread title may be more true than ever.

[equator]

what is this?

First ever decentralised exchange.  No coding required.  details:
https://bitcointalk.org/index.php?topic=829576.6720

first? i don't think so, you know about bitsquare right? or bitshares 2.0, they are both pretty popular and they are very old decentralized exchange

Today would be a good day for this thread to be labeled officially dead and placed in the trash bin.

technically this is only a pump, remember what happened with the halvign, a pump and then a dump and was forgot again, still looks very dead to me, the value isn't moving much from the first 2x that was reached for segwit

So by pump you mean artificial and it will get dumped again? I was hoping that litecoin would follow in the steps of dash and ether and at least get to $50 before I sell.

Its a bull within a larger bear within a larger bull.. it means we have a long ways to come down before any real rise

So just for you too sell your coins in high price the price wont increase, their should be some info of good news or project getting success or some more good news then only it will increase apart from that if it is increasing then it will be not good for the coin future.

[Abiky]

Yes, but litecoin is good be traded on poloniex because the trend of litecoin is increasing
 it is good time for make profit from trading altcoins, although maybe today is time for going down of litecoin,
what I know why litecoin is increasing because of the activation of segwit in litecoin,
 although it is not 100% true but it is good news for litecoin.

Litecoin, although it lacks development and innovation, makes it a great cryptocurrency for trading due to its relatively stable price movement on the markets. Especially nowadays, as it has seen a price uptrend due to investor interest into it, because of SegWit's acceptance from the miners.

While the activation of the scalable solution for Litecoin is uncertain (as now it has gone below 75% of the hashrate supporting it) it is fun to watch its price rise, for those who have invested into LTC earlier.

I think that it will be quite interesting to see how SegWit would turn out to be in Litecoin if active, as it will serve as a testing ground for Bitcoin. Nevertheless, I hope that someday, Litecoin could deliver innovation and true development to help it become the second crypto in market cap, like it used to be. Just my opinion. 

[European Central Bank]

If there is an agreement of block size increase, the price of bitcoin will rise a lot.

it will probably never, ever need a block size increase. their blockchain is virtually empty in comparison to bitcoin and its capacity is four times higher right now.