Quote from: iamnotback on April 01, 2017, 08:49:15 AM

Quote from: iamnotback on March 31, 2017, 11:05:50 PM

In the meantime, we have to deal within the reality that Satoshi gave us. And that is Bitcoin will remain immutable. So Litecoin is where we can have big blocks, SegWit, and LN.

Notice how F2Pool has used April fools as a way to signal SegWit on Litecoin but to make it seem like he wasn't serious because he signaled conflicting things on Bitcoin. He is serious about the signaling on Litecoin. He wants SegWit (look at his efforts on Syscoin to test out activation), but he doesn't want to create conflict with those on Bitcoin who know that we must keep small blocks on Bitcoin else we lose the equilibrium that Satoshi design. So he signaled nonsense on Bitcoin and signaled serious SegWit on Litecoin.

The miners are navigating opportunity costs and power structures that Satoshi's design enables. I agree the process is noisy. Noise is a result of the imperfect matching of fungible money and non-fungible knowledge value. I wrote about this extensively else where. Very abstract concepts.

Quote from: iamnotback on March 31, 2017, 10:51:13 PM

Quote from: AngryDwarf on March 31, 2017, 09:57:22 PM

This guy likes to have a joke and keep us all guessing.

https://twitter.com/f2pool_wangchun/status/843754861757788160

https://twitter.com/f2pool_wangchun/status/847435526500007937

He is not signaling multiple conflicting things on Litecoin. He is using the above obfuscation exactly as I predicted he would. The economic reality is:

https://twitter.com/f2pool_wangchun/status/846760903739551744

Can't you see what he is signaling?

Review those tweets again.

He is signaling:

1. Hey Bitcoin can't come to a consensus on any changes. This is a mess. I'll express my disgust with an April fools joke by signaling conflicting positions simultaneously.

2. I can't signal multiple conflicting options on Litecoin. Thus I am making a very strong implied message for those who aren't too dumb to see it.

Do you guys get it now? He is signaling that Bitcoin is a clusterfuck where the softfork can't be achieved. And he is signaling that Litecoin doesn't have the conflicting mess and he is ready and willing to activate SegWit on Litecoin if the consensus threshold of 75% is reached.

Litecoin's miners and whales have every incentive to activate SegWit so that the price goes back up to $50.

It will happen. And SegWit won't happen on Bitcoin.

He just explained it all to you, if you are paying attention.

Quote from: iamnotback on April 01, 2017, 09:13:59 AM

Quote from: Chef Ramsay on April 01, 2017, 02:40:52 AM

https://www.tradingview.com/chart/LTCBTC/f54ZHTrX-Is-LTC-Really-About-to-Make-a-Huge-Run-on-BTC-EW-Analysis/

I believe EW analysis is as good as tossing a coin.

But the descending broadening wedge breaks out to the upside 79% of the time:

Quote from: http://thepatternsite.com/dbw.html

Descending Broadening Wedge Trading Tips

Breakout: The breakout direction is upward 79% of the time.

Quote from: iamnotback on April 01, 2017, 09:23:09 AM

Quote from: AngryDwarf on April 01, 2017, 08:55:56 AM

Quote from: iamnotback on April 01, 2017, 08:49:15 AM

Looks like f2pool tried to push segwit activation on syscoin.

https://twitter.com/f2pool_wangchun/status/847493350072606724

If segwit is activated on altcoins, but not on bitcoin, do the altcoin developers know how to progress segwit?

Charlie Lee works for Coinbase. I presume Blockstream's bankster backers will realize they need to move forward and Litecoin provides them the easiest transition to do so, if they can't attain consensus for activating SegWit for Bitcoin. All affected parties will be forced to move in the path of least resistance.

Frankly I think it is quite dangerous to activate such radical changes to Bitcoin. Much better to activate on a lesser blockchain so if there are flaws and bugs then Bitcoin isn't as affected. Bitcoin needs to be stable and prioritize continuity, because it is intended to the gold standard of blockchain tokens.

LN is all about enabling private fractional reserve banking with centralized hubs. LN just doesn't scale otherwise (due to routing and other issues). That is probably why Blockstream received $70m in funding. Perhaps they thought they could hijack Bitcoin, but they will have to face the reality of the situation.

Ethereum will be shipping a beta of a LN clone soon named Raiden. So the pressure is mounting on Blockstream and also on everyone invested in Bitcoin. Seems to me that Litecoin is the best option available to all affected parties.

Perhaps Blockstream can sell the idea to themselves by keeping their options open to potentially migrate the new technologies to Bitcoin someday, while pushing forward on Litecoin as a testbed and also to get real world adoption underway asap.

It just makes all the sense to stop this squabbling and move on/forward. Our productive energies are best spent on evangelizing blockchains and not fighting amongst ourselves.

Quote from: iamnotback on April 01, 2017, 09:45:54 AM

Guys the reason it will be Litecoin and not another altcoin is because of the hypothesis that I explained where miners can make a shit load of money if Litecoin price goes up because the supply of ASICs is insufficient.

Quote from: iamnotback on April 01, 2017, 09:42:56 AM

Quote from: QuintLeo on April 01, 2017, 01:57:40 AM

I don't see SegWit having a significant impact on Litecoin. I also suspect it's going to settle back into it's long-term $3.50-$4.50 range quickly after the Bitcoin "potential fork" issues get resolved - and I figure that resolution will also hammer current inflated pricing on most of the altcoins that have seen big rises the past month.

The market already knows the BU fork died. But the market knows that we need scaling else adoption will falter due to very high transaction fees and delayed transaction confirmations.

The miners are not going to enable SegWit on Bitcoin because they are making a lot of money by not doing so. Yet some of those same miners and ASIC manufacturers will make a hell of a lot more money by activating SegWit on Litecoin.

It's happening.