Post
Topic
Board Economics
Re: Why litecoin had SegWit so fast?
by
Goms
on 03/07/2017, 21:42:53 UTC
... If anything, Litecoin has a lot more democracy than Bitcoin, and likely because of that SegWit got activated so fast and without any drama. In my opinion, we can roughly equal the level of "democracy" in a coin to how well it is decentralized, i.e. the more decentralized a coin is, the more "democratic" it will be. Obviously, Litecoin is a clear winner if we take that as the basis for comparison with Bitcoin

I see nothing democratic or decentralized about segwit and LN since they both go together.
You need a third party to administer LN and that means a governing central body is being introduced into crypto which is exactly what Satoshi tried to remove.
I'm all for bitcoin unlimited, let's increase the block size and continue being decentralized.