Episode #126: Litecoin’s SegWit Activation

Episode 126

May 01, 2017 — 84 mins

Yawn, litecoins boring… Seg-what? Big ups, to Charlie Lee and the litecoin team, for activating SegWit. Big things are happening for litecoins little blockchain. Hopefully bitcoin learns a thing or two from this.

Thee Charlie Lee, also known as Satoshi lite, the creator of litecoin visits the show to talk with Corey and Cello about the future of litecoin. Litecoins newest integration to their blockchain, SegWit, makes for faster cheaper transactions and much more possible. Something bitcoin has been struggling to implement. This is bringing a lot of attention to LTC, which makes us wonder… Can it scale?

“Segwit seems like an obvious choice to add to litecoin.”-Charlie Lee

Corey goes philosophical and Cello keeps it 100, as our guest Charlie Lee keeps his composure answering every question like a boss. Since we take nothing for granted, we took full advantage and picked Charlies brain about SegWit, the Token app, ICOs and much more. This is probably our most intellectual episode to date, you won’t wanna miss this educational masterpeace.

The level of intellect in this interview is stifling, but don’t be intimidated. Join our slack chat if you have any questions and we will try our best to answer them all.

Charlie explains why he fought so passionately to signal for SegWit and what he hopes it will bring to litecoin. Maybe this is the motivation bitcoin needs? If you don’t know what SegWit means, you gonna learn today.

“Miners voting is kinda a silly idea.”-Charlie Lee

The future for litecoin is lightning, the lightning network that is, confidential transactions and so much more. If you’re interested in altcoins at all, this episode will solidify that curiosity and amplify the urge to diversify your crypto portfolio. Litecoin is paving the way for bitcoin when it comes to SegWit. If all goes well, we can be sure to see bitcoin follow suit.

“I see litecoin as always complementing bitcoin.”-Charlie Lee

Charlie Lee and his baby litecoin are changing the game for allcoins. Clearly showing the miners what the users want, and it’s SegWit! Calling Litecoin diet bitcoin or bitcoin lite might become a stigma of its past. As we move into the digital money, cryptocurrency, era altcoins will play much bigger roles in our everyday lives.

Maybe bitcoin will be the storage of value for long holding. Maybe litecoin will be used for daily small transactions. Maybe one day each altcoin will fulfill its purpose. Ether way, it’s certainly an exciting time to be in crypto, blockchain or fintech and we can’t wait to see where this experiment takes us.

Can you explain bitcoin in ten words or less?

“Electronic currency that is not back by government.”-Charlie Lee