Re: Segwit opens the door for mining cartels

Quote from: Lauda on June 19, 2017, 06:35:36 AM

Debunked scam attempt.

Someone even put out a Litecoin $1MM bounty at the time to prove this wrong: https://www.reddit.com/r/litecoin/comments/6azeu1/1mm_segwit_bounty/

irony, from the thread:

Code:

]BowlofFrostedFlakes [score hidden] 25 days ago

There are 3 transactions associated with this address. 2 small transactions and 1 large one for 40,000 LTC.

The large one does NOT appear to be an actual segwit transaction. Only the small one does (https://chainz.cryptoid.info/ltc/tx.dws?e85fab6667028a8902904f4cbd3b0e129d526ceafbf150193109661adc898645.htm)

If you look at the raw transaction data for the 40,000 LTC transaction, there is no parameter named "txinwitness". So the bounty is only 0.99 LTC, not 40,000 LTC.

So the wager is only $20 LOL. Furthermore, Litecoin didn't have much trouble adopting Segwit (even though Segwit was useless for LTC!), Bitcoin has many opponents to Segwit and a much higher incentive for people to hack around with it.