Topic: [2016-09-23] Litecoin Core Development Update - page 2. (Read 2689 times)

That's odd I remember how the litecoin creator Charlie Lee reached out to the DOGE community and offered the option of merged mining so that DOGE could survive. The design of DOGE and it's fast collapse of mining reward meant that within the year most miners would be forced to abandon it or mine at a lose. Many in the DOGE community including their leader attacked Charlie for making the offer. Minds changed as miners were forced to abandon DOGE and eventually it became supported by the strength of the Litecoin Network.

While it is true that there are a minority of negative individuals involved with all coins (and they show up more when a coin is being pumped) the Litecoin community has in general embraced Bitcoins and various alt coins. An example of this is how the Litecoin community was impressed by the DOGE community charitable efforts. In fact there are various Litecoin charitable efforts that continue to this day as a result of the example set.

One of the important reasons for privacy not being mentioned is the requirement for it by merchants. If cryptocurrency was ever adopted at the level many in these forums hope for many merchants would be unhappy with a traceable currency that allows the competition to track part of their cash flow. Another reason is that being untraceable is beneficial to those living under the tyranny of corrupt governments. A good non-monetary example of why privacy is required in the real world is the utilization of TOR in countries where you might lose your life for reading certain internet content. By allowing people to tunnel out an avenue for self education (and not indoctrination) is provided.

Edit: Here's a link to an article that includes information about a joint charitable effort by the dogecoin and litecoin community called LiteShibes 4 Christmas. An example of how communities can work together for the good.

http://www.coindesk.com/things-alt-feathercoin-forks-collaborative-crowdfund-charity/
  

This is not a gimmick we came up with two weeks ago.
Coblee (charlie) had expressed interest in implementing (optional) confidential transactions without a hard fork earlier this year in the Litecoin Core and Association AMA.
Take a look at this post by Charlie Lee: https://www.reddit.com/r/litecoin/comments/3z2ta1/ama_official_litecoin_developers_and_litecoin/cyjsk53

That was over 10 months ago, before Monero or DASH or whatever else shitcoin became popular.

Another Litecoin Core developer (thrasher-au/Adrian Gallagher) also announced we could be looking into confidential transactions later this year (around now right?)
Source: https://www.reddit.com/r/litecoin/comments/3z2ta1/ama_official_litecoin_developers_and_litecoin/cyj5zl4

Just checked one of their threads and... well... I am speechless...

Yeah, right. "They" can read the title of your newspaper, while you are taking a dump in your toilet if you are targeted. No matter how much freedom you think you are having. Problem is that most of the average Joe's think that they will be untouchable while using anonymous cryptocurrencies. At least back in 1800s you can hide in a cave or something. Things are much different now.

but privacy is the most important thing these days in will be even more important in the future.

this gimmicks race will lead to something. a lot of projects will fail but there will be a coin or a blockchain-thing that will be used in the future. will ETH survive? who know, but they changed something. check lykke they have the potential to change things to. poloniex and others won't be used. or lykke will fail and something else will take its place.

That's what I meant. Sometimes you do need hype, but that is when you are focused to something more important - adoption (i.e. to get some traction in a coin/asset/token). But that is something we are not seeing lately. Most of the people only care about their profits and that's it.



Privacy doesn't necessarily means wider usage.

well first of all hype is not a bad thing for altcoins to gain some momentum and then gain some better foothold in the market to raise their price and stay there. besides no trader is going to miss a good hype because there is a lot of profit to me made

also it is not all hype, there are so many people looking for more privacy so they will look for better anonymous coins. they may not be using it on dark markets and such but that doesn't mean people don't like or want this feature and what coin is better than litecoin to implement this feature. of course only if they don't break everything by doing so!

Let's face it, the recent effect in anonymous coins is mostly because of hype (or over expectations). I do agree that it would not really affect LTC's price (unless certain groups decide something else). Bad thing is that in the past 2 years cryptocurrencies are restraining from adoption more and more. We have a new "gimmicks race", which probably leads to nowhere.

I'm skeptical that adding CT will have adverse affects to LTC on a socioeconomic level.

CT is only part of the solution to privacy/anonymity.

Then you may have to make a new coin buddy.

And it was fairly distributed and smart contracts are scammy and who says coins have to use a block chain ?
Why because you all did not find a better way to do it ..yet ?

Further more who said "done" ?
I sure as hell never said LTC was done.

But..
It is a currency smart fuckers.
Soooo uhhhhhh

If you want that list of lame scammy features then go buy ICO scam coins like Ethereum etc.
Don't demand legit coins copy cat the scammy garbage so you can make a buck of it.

Instead go out and SUPPORT Litecoin and use it as intended as a currency
..not waiting around here to see if it' updated yet.. with ?

Don't think your smart.. BE smart.

Poor arguments.. poor retorts.. poor mentality.. for bucks $$$

I do agree with you that the most important thing is to use crypto. Actually we could probably be fully scalable today if everybody just accepted any type of CryptoCurrency..

LTC could be kept in its current state in this type of scenario. Perhaps we will use many different cryptos instead of having one rule exclusively.

LTC is a currency sure. To say that it is done in its current state I don't agree. What would the perfect crypto be?

Instant transactions.
Fully scalable.
Private? To be debated I suppose
Smart contacts / Programmable
Fair distribution..

Is LTC there? Far from imo.

Monero's recent success ?
Uhhhhm NO.

It got some very luke-warm minor activity as the popularity of Ethereum died down as PREDICTED.
Monero got some attention because of default.
There was really not much else to try and fuck with to profit from.
Which is why the Dark Market push was made (to capitalize on this positioning)

I really think you are all deceitful and or dumb.
You post so much fucking bullshit here 24/7 all year long it simply amazes me.

Success ?
What fucking success ?  
The stupid ANON coin got a little bump in price because there was nothing much else going on ?
And we are parading that around as some success milestone ?
Are you kidiots high or what ?

And LTC is NOT dead ?
I agree it's alive & kicking.
But you will all notice NOBODY wants to comment on whether adding the ANON feature will be good or not.
All they do is proclaim "development" is good.

It's a currency right ?
Does it work ?
Then you are suppose to use it.
Is adding ANON shit going to HELP that ?
Seriously ask YOURSELVES people.. then you tell me !

Imagine the FIAT dollar in CAN/USA
Then imagine people crying for more features.. make sense ?
Spend it retards.. it's money LOL

This dipshit mentality that you need an ever changing morphing coin..
treating it as though it's a software program is fucking moronic.

In the Software world people rightfully deem a program as dead if it is not updated anymore.
In crypto they they apply this mentality as an indicator of a coin's legit stature.
As in the more it's "developed" the more legit it is..

On another web site i just finished posting a comment back to a guy about the program "Fireworks"
Same situation as Litecoin.
People were posting alternatives to Adobe Photoshop.. many were pretty shitty.
So i said Fireworks guys.. it's great and even supports Fireworks + Photoshop plugins.
But since it's died off in popularity ever since Adobe bought it from Macromedia a decade ago..
No one even remembers it exists.
So i started replying back to comments ..or i should ASSUMPTIONS.
Some guy said.. well it should be kept updated.
I said it is updated LOL
Why did the guy assume it was not ?

PEOPLE ARE FUCKING STUPID.

REALLY REALLY REALLY FUCKING GOD DAMN STUPID.

..and oh boy do they LOVE thinking the opposite.

I coded a file sharing MOD years ago.
I think the last build update i did on it was 2012.
Guess what people ?
It works 100% perfect STILL !
..as intended.

Get it ?

from what i have been seeing in even before this, litecoin was being developed constantly you can see on their github repository if you want to follow the changes and see how active or not the project actually is before spreading your FUD comment.

Litecoin developers seem to have woken up from their slumber, I suspect the jump in prices of Dash and Monero have woken them up from their slumber to their responsibility because they left the project on attented to for along time and relying only on the  Silver coin tag  to Bitcoin when you can even go for the King. Ethereum and Monero are both aiming for the first spot.

Ltc is in a good position to try some risky changes. I do agree that It does feel like jumping on the boat of anonymity with all the current hype in anon coins. Trying desperately to get some of that capital flowing towards LTC. XD In the networks current state there is nothing left to lose. Price wise at least. Why shouldn't crypto be anonymous? Worry about the FBI sure. Currently you could be fully or at least mostly anonymous with Bitcoin even as long as you are careful how you buy it. With all centralized exchanges having to report to the gov on demand it helps cast plausible deniability on wether you still have the funds ran through them or not. Although more than CTs will be needed for this to work. If LTC is finished now it would just be a clone of bitcoins past, could be a good thing perhaps.

The LTC development team is getting more aggressive now and that is good to see. I believe this is carefully planned not done on a whim because of Monero's recent success. Everyone should note that it all started with the addition in Coinbase's GDAX.

Will Coinbase offer litecoin wallet services in the future?

i love this news from the first time i heard it.
litecoin is still alive and kicking anybody in the teeth who says litecoin is dead.

i don't care what anybody else says. i like it and i think it can be a potential for litecoin to grow much bigger than this and in time take the market out of other altcoins hands and be the number 2

Yup.. in other words lets make LTC ANON because.. well.. it's popular (since Ethereum died)

Yup.. lets "prepare" by writing new code that can NEVER work and will eventually be hacked.
There is no such thing as security with computers.
Implementing ANON in a coin is pandering and immediately lowers the security of the coin
and worse attracts criminals to use it and hackers to crack it.

The only thing that matters is general audience adoption and going an ANON will not be helping this cause.
As a matter of fact i bet it will make it worse.

Litecoin guys are shooting themselves in the foot trying to pander for attention.

We see guys clapping because they see "development"
There was no need for any.. it's a currency right ?
Go use it.. don't wait for "new features"

Sad state of affairs when Litecoin is pandering to kidiot profiteers retards.
I guess they got tired of those same idiot losers crying LTC sucks..
Hence the pandering bullshit.