Post
Topic
Board Altcoin Discussion
Re: Is Segwit for LTC really necessary? Why?
by
aoluain
on 11/04/2017, 13:43:47 UTC
I cannot think of a practical reason why Segwit needs to be activated in LTC if the coin itself does not attract enough users to make it necessary. What if it becomes activated but nobody uses it? What good is it if it is not really that necessary?
One thing Segwit would do would be to attract more users and get pump LTC up a bit.

I cannot think

Correct. You can't think.

Watch and learn.

Next time you'll read what I wrote.

I already debunked this nonsense thread of yours.

But all you said were copy and pasting all your theories and arguments of what you think. Those cannot be proven until it is done in practice. How is that debunking the question if Segwit is really necessary?

The point of the question is if it is necessary now with the current usage of LTC. It will be an improvement I am sure. But is it necessary from the point of view of a user?

You first have to ask yourself, how is it being used now? Why do we need Segwit now to open the roads to a Lightning Network?

Litecoin has one and only one chance to ever get SegWit activated now while LTC is extremely undervalued (because this means miners can form a 75% consensus on rising the price, which won't be otherwise be possible due to the crab bucket game theory that John Nash designed into Satoshi's PoW). That window of opportunity will close and due the crab bucket mentality that Satoshi designed into PoW and never be possible again in the future.

Without off chain LN, there is no other way to scale Satoshi's PoW. I've refuted all the other technological BS such as larger blocks and Xthin.

Bitcoin will NEVER get scaling.

Litecoin MUST get scaling NOW. And it will. And it will receive all the transaction rate scaling that Bitcoin will NEVER be able to do.

Please don't make me explain this again.



You are saying that making litecoin scale now is needed, but for what? There are no assurances that the cryptocoin users will all go and use it. There is also the possibility that it will have a scalable platform ready to be used but with not enough transactions to make the move to activate segwit defensible.

Your theory is good and I try to understand all your posts. I am trying to play the devil's advocate to get a good discussion on the topic. We have the scalability issue thrown around in the forum a lot and no one has really asked the question what for? or is it really needed?.

This could be an important point I think, If/When Litecoin gets segwit and
the value pumps big what will happen to the "investments" when it stops?
there is a lot of volume already in litecoin and more waiting
to migrate into it and in turn will be even quicker to leave once the pump stops.

Is this all segwit is gonna provide for Ltc?
would that be the natural course of events in times of positive/negative hype like we are experiencing now?