Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched! - page 25. (Read 1467295 times)

It is more interesting and more informative if you or anyone else can include the total net effects of all nodes on each cryptocurrency network. How many percent all nodes account for on each network? I think the figure is somehow help us to imagine the roles of nodes to secure networks, keep them being as much decentralized as possible, and reduce risks of replay attacks.

Full nodes, masternodes, service nodes, whatsoever nodes, they are help to secure networks and maintain decentralizations of networks.

Is there a point you were trying to make in there somewhere?

May be we will have  altcoin season before New Year. 500 mln USDT were printed in last days. Something similar was in the end of 2017 when a lot of USDT were printed...

I don't think we always just expect higher prices, but we use patience and support for LTC. because we know in cryptocurrency not only from a name project that makes prices move but also the interest of those who need LTC

And which coin should we be optimistic aside from Bitcoin? And are you sure about your claim that altcoins are being sold off very strongly in the market? I cannot see altcoins being sold off very strongly for the past many months. The past months are bad for most of the altcoins. Altcoins are all far from their recorded ATH which was achieved mostly in late 2017 and early 2018. From then on, most of them are already moving up and down at the low level. At least with Litecoin we know for sure that it is not stagnant in terms of growth and development.

You can see the Altcoins are being sold off very strongly in the market, and the LTC price has dropped quite deeply from its peak this year. Until the BTC halving event next year, I thought it shouldn't be too optimistic about LTC's price increase.

LTC is moving forward into positive direction even it is not rising as per holder's expectation even after block halving event it stuck on previous level but the the good thing that it looking stable and hopefully in future it will get succeed to show some kind of magic.

Don't worry, everything will move in the right direction, due to market fluctuation the price of an LTC decreased in the market and we need not worry about the current situation. The price of LTC will recover, but it will take some more time to increase the price of LTC, now BTC is becoming more stable at the current value.

Let's hope the price moves higher again. 

https://bitcoinist.com/litecoin-may-not-become-silver-to-bitcoins-gold-afterall/

Litecoin unlikely to be Silver to Bitcoin's Gold. I've been saying this for a while. Litecoin needs to get 'hungry' and start acting in PR

and development and such like a regular altcoin. The devs for too long have believed in their own hype of above.

Mimblewimble was a good start, but then nothing, no other projects or real updates, etc. The devs have to get past their own.

The view that Litecoin by some 'magic' process as being the heir to Bitcoin's Silver status in the altcoin world.

They need to step it up or just be irrelevant in the future. The proof is that sh*tcoins like BSV and BCH have more value as a fork than Litecoin.

Shake/Rattle/Roll.

Litecoin Foundation launches crowdfunding campaign to develop confidential transactions for LTC

''The Litecoin Foundation has announced the creation of a dedicated fund to support the ongoing development of privacy features for Litecoin and is calling for community members to donate.

On Tuesday, the Singapore-based non-profit said on LitecoinTalk the fund will finance the efforts of David Burkett, the Grin developer currently working to bring confidential transactions to Litecoin via MimbleWimble extension blocks (EBs). ''

More details: https://cryptoslate.com/litecoin-foundation-launches-crowdfunding-campaign-to-develop-confidential-transactions-for-ltc/

When I was reading this announcement I kept wondering if that was written before or after the vulnerability of Mimblewimble was found?

Luckily a few posts later I got my answer.


So this great announcement is not so great anymore because of the vulnerability.

Now it would be great to hear if the implementation of Mimblewimble will be possible at all, an explanation about the latest problems and the roadmap for Litecoin.

The price keeps falling with some minor swings, actually, LTC is worth 44$. This was my entry price some time ago but now I had to change my plans after LTC hit 38$ mark.

yes because LTC has a pair on BTC so there is no harm in price following the BTC, so I think it is very reasonable and indeed everything should return to the price of bitcoin, at this time all expect bitcoin to take a new ATH in the near future as well as LTC and others

Grin developer David Burkett aims to find a solution for the “Achilles heel of Mimblewimble privacy”

''In terms of Grin’s progress, the developer has purportedly performed the first-ever pre-broadcast MW CoinJoin that would allegedly make transactions more private by disabling broadcasting before transactions joined others in the CoinJoin block. Burkett noted that this issue is one of the most critical problems associated with MW’s privacy. ''

Details: https://cointelegraph.com/news/litecoin-funded-grin-developer-challenges-mimblewimbles-privacy-issue

Agreed with you LTC's price action is correlated with Bitcoin if there will be nice rally than altcoins will respond wonderful. If Bitcoin will remain sideways around current price than we can see little down trend in future.

Let alone LTC, some Altcoins that are in the top 10 are also tied to the price of bitcoin, so how can Litecoin go its own way if it goes up without having to see the price of bitcoin not going up well, I think $ 38 is a very reasonable price for some people to buy it again including me

You are right when the price was around 46$ I have grabbed some litecoin and hold them for a future hike. In the short term, it is impossible for us to predict the prices of potential altcoins, even the price of Bitcoin is not becoming stable and this will surely affect on altcoin, so we should hold them in the long term instead of looking for small profits.

Well for whatever reason no DEV for Litecoin puts anything on this thread. Not really sure why.

I found this on the www.litecointalk.io Litecoin site. I also have copied what is in the below link here.

I also will ask the author of above why the hell they don't post on Litecointalk threads on www.bitcointalk.org

as well. Likely as in the past I will get NO reply. Seems silly they don't post on these threads as well.

Anyway, here is the link below, you MAY have to have an account on www.litecointalk.io in order to view this link.

I 'copy & pasted' the post below as well.

Beginning  Quoted below:

 Mimblewimble Progress Update Thread Development

Hi everyone!

I’m David Burkett, the developer of Grin++. I’ve been working with ecurrencyhodler, Charlie, and others for several months now to design a Mimblewimble extension block so that LTC users can have confidential transactions and more fungible money.

I spoke a bit about our progress at the LTC Conference last month, but for those who are unaware, we’ve published 2 new LTC improvement proposals (LIPs):

LIP-0002: https://github.com/litecoin-project/lips/blob/master/lip-0002.mediawiki 4
This describes extension blocks, and how they can be implemented and activated in LTC.

LIP-0003: https://github.com/litecoin-project/lips/blob/master/lip-0003.mediawiki 1
This is all about Mimblewimble on LTC.

After the conference, much has happened. The first big announcement is that the LTC Foundation has graciously decided to fund my efforts to implement the MW extension block, and to continue working on Grin++! More details about that will be announced shortly, but I want to thank you all for the opportunity.

Since that was announced, great progress has been made. On the Grin++ side, I’ve implemented payments via TOR. Mimblewimble requires interacting with the receiver to build a transaction collaboratively, so by using TOR for that interaction, we’re able to use familiar-looking addresses, a simpler set-up, and much better privacy.

    Original proposal to use TOR: https://github.com/mimblewimble/grin-rfcs/pull/24 1
    Grin++ Implementation: https://github.com/GrinPlusPlus/GrinPlusPlus/pull/89/ 3

Also, I’ve performed the first ever (AFAICT) pre-broadcast Mimblewimble CoinJoin. For those familiar with Mimblewimble, you may know that at the time transactions are included in a block, they are already joined with all other transactions in that block. The Achilles heel of mimblewimble privacy though, has always been that transactions are broadcast before they’ve had a chance to be joined with other transactions. That means nodes monitoring the network can see the original input-to-output links of most transactions. Sending a transaction directly to a CoinJoin server before broadcasting is one of many different techniques we can use to combat that.

    Original coinjoin proposal: https://www.grin-forum.org/t/yo-dawg-i-heard-you-like-coinjoins/5296 1
    Block with first coinjoined transactions: https://grinscan.net/block/456188

On the LTC side, I started by familiarizing myself with the existing code by completing the LTC Dev Training Session. This meant starting with the latest bitcoin source, and making all modifications necessary to get it to sync.

    Dev Training Session: Litecoin Developer Training Session 1 5
    My BTC fork which now fully syncs the LTC blockchain: https://github.com/DavidBurkett/bitcoin

After that, I got to work re-designing the Grin++ codebase in a way that will allow LTC to reuse Grin++ with minimal modifications. The design is beyond the scope of this update, but I’ll formally write-up the design sometime over the next few weeks and link it here.

Going forward, I will be providing monthly progress updates to keep everyone in the loop on what progress has been made. They’ll likely be much more succinct than this one, but I thought it would be good to take a few extra minutes with this first update to let everyone know who I am, where we’re at, and set some expectations for the future.

Thanks for reading, and thanks again for all of your support!

end quote.

Anyway, maybe I can get the above to actually post on this thread as well in the future. It would be a nice change to actually have monthly progress reports on

Mimblewimble with Litecoin Devs on here as well.

later

Brad

Myself and everyone I know is 'sitting on their hands' on buying any altcoins, even Litecoin. There will not be, IMHO, any movement or pump on Litecoin until or unless

Litecoin gets Mimblewimble protocol to work. Until then any talk of Litecoin going up in value in relation to Bitcoin is just that, talk.

IF for whatever reason this Mimblewimble protocol gets dragged out another year before being implemented then Litecoin at best will act like all other altcoins and just

mirror Bitcoin prices. Or at worst, the fact that Litecoin will have nothing to show for say a year of promises and no Mimblewimble, the price will dump by another 50% or

more. IMHO, it is 'put up or shut up' time for Litecoin to differentiate itself with Mimblewimble from Bitcoin. Without doing that, Litecoin is gonna mostly fade away.

I hope I'm wrong, but how I see it.

Brad