Quote from: a_cat_named_joe on April 09, 2017, 04:56:34 PM

Quote from: XbladeX on April 09, 2017, 01:46:17 PM

... If swegwit won't pass on LTC then LTC wil me same systuation like BTC where mining is controled by bitmain ...

... The point is that over time LTC will be also taken by bitmain and bitmain will have faster asics than those that they are selling to others Cheesy

... like with asicboost in BTC. In LTC change can make some dedicated software or hubs since they control BTC that way then they will expand that tactic to LTC with slowing "other miners" stuff to lvl that they will buy but it will be less profitable than their ...

I understand what you are saying, but I disagree. If SegWit isn't adopted on Litecoin, I don't think things will revert to how they were. The situation has changed:

1) Litecoin's inclusion on Coinbase will inevitably lead to increased volume. By the way, Charlie Lee is director of Engineering at Coinbase.

2) OMNI platform development is going ahead in the background. That has major implications for Bitcoin scalability. Litecoin without SegWit could still play an important role in OMNI 'merging' with Bitcoin temporarily to enable fast and inexpensive transactions (Roger Ver take note).

3) Even without SegWit, it is theoretically possible to proceed with Lightning Networks. Admittedly that would require some complex coding and with SegWit the process would be far easier and efficient.

4) Charlie Lee's roadmap for SegWit activation for Litecoin has caught the crypto-public's imagination. Taking coin partiality out of it, a large number of people want Litecoin to succeed. Many Bitcoin adherents, including devs, want SegWit to succeed on Litecoin.

5) On Bitcoin, SegWit is only a partial solution to scalability. However, Litecoin has no such problem with scalability. Therefore, Lightcoin working in tandem with Bitcoin, as Charlie Lee has proposed, is a very effective solution to the Bitcoin scalability problem.

6) I understand that the covert ASICBOOST Bitcoin exploit revealed by Greg Maxwell does not at this moment in time affect Litecoin and, that even if it were possible, it would take a long time to materialise. Litecoin miners using ASICS compete on a level playing field.

7) SegWit will take time. It takes time for mining pools to get their heads around SegWit. You can see that in mining pools who have committed in principle, but are not signalling yet.

Cool

Other mining pools are thinking of lending a helping hand. For instance, I contacted Cryptopia, an exchange I use. They have mining pools. I asked them about signalling for SegWit on their Litecoin pool and received this reply: "This is something we are currently discussing within our team and keeping a close watch on." Considering the major impact it could have it is not too farfetched to think that other mining pools might be considering switching to Litecoin mining and signalling for SegWit.

All-in-all, a lot of people were expecting SegWit activation to happen over-night. SegWit activation will take weeks.

I agree, just not weeks but months... Might be that even those who have pools and agrees for segwit are waiting the price to go down to buy cheap coins. They saw what a huge impact it was to price when for segwit it was needed 5% percent more, so you can only imagine what would be the reaction if its adopted... the price could go up to 3-4 times... Overall litcecoin works realy smooth and fast enough to be better than btc already!