[ANN] Litecoin - a lite version of Bitcoin. Launched! - page 27.

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: lonesomestranger on November 20, 2019, 04:48:49 PM

The Litecoin MimbleWimble proposal is about Fungibility not Privacy

A recent article entitled “Breaking MimbleWimble’s privacy model” published by Ivan Bogatyy has been causing a stir as the author claims of a “new attack” that ‘traces 96% of all (MimbleWimble) sender and recipient addresses in real time’. The attack costs $60/week of AWS (Amazon Web Services) something that leads Bogatyy to conculde that: https://litecoin.com/en/news/the-litecoin-mimblewimble-proposal-is-about-fungibility-not-privacy

Sorry, fungibility means you can't track say USD bills without knowing the serial number and amount on each bill....by hand this is a .. big pain in the ass...

as far as I can tell the mimblewimble problem you could use computer/math/processing TO track the supposed mimblewimble coins thus eliminating fungibility...

something you could not do with the fungibility of cash...scanning each serial number. Indeed, the problem with mimblewimble is you could track crypto in the same manner as bitcoin.

Thus I don't get the Fungibility argrument..you need privacy for fungaiblity to work..or at least like the case of cash...very difficult to just pull individual serial numbers or

whatever out of the sky to track the currency if it is plain cash. If mimblewimble is broken, IMHO, it is no different than Bitcoin and other Altcoins for having NO real Fungibility.

Thus neither BTC or any mimblewimble coin has any fungibility. Thus right back where we started with the fungibility problem with Bitcoin and other Altcoins.

lonesomestranger

full member

Activity: 770

Merit: 112

The Litecoin MimbleWimble proposal is about Fungibility not Privacy

A recent article entitled “Breaking MimbleWimble’s privacy model” published by Ivan Bogatyy has been causing a stir as the author claims of a “new attack” that ‘traces 96% of all (MimbleWimble) sender and recipient addresses in real time’. The attack costs $60/week of AWS (Amazon Web Services) something that leads Bogatyy to conculde that: https://litecoin.com/en/news/the-litecoin-mimblewimble-proposal-is-about-fungibility-not-privacy

estenity

hero member

Activity: 1928

Merit: 538

Quote from: profit59 on November 17, 2019, 11:46:28 AM

Litecoin will shoot at the moment when no one expects this. A sharp pump, the entry of fat hamsters ... Tearing the skin and repeat

waiting patiently for it.

profit59

full member

Activity: 826

Merit: 109

Litecoin will shoot at the moment when no one expects this. A sharp pump, the entry of fat hamsters ... Tearing the skin and repeat

princehandsome

full member

Activity: 731

Merit: 100

Quote from: kuduirt on November 10, 2019, 06:56:08 AM

ur ltc soon 63>65>60>55$ Grin

yes as you predicted if Litecoin was will soon close to $ 55 and now it's on $ 58. the right decision is to buy under $ 55 and wait or hold. I know Litecoin is a good coin and I am sure prices will go up high in coming years 2020.

Artifex

legendary

Activity: 1497

Merit: 1019

Eloncoin.org - Mars, here we come!

LTC has some uncertainty in the future. no introduction of new technologies and improvements. I wonder what developers are working on and do they work at all?

dishku

legendary

Activity: 1918

Merit: 1003

Quote from: kuduirt on November 10, 2019, 06:56:08 AM

ur ltc soon 63>65>60>55$ Grin

Than it will be great opportunity for those who are waiting for this dip. Keep this in mind big players always buy rumors and sell news than it depend on you what decision you took to make a fortune.

kuduirt

member

Activity: 304

Merit: 10

ur ltc soon 63>65>60>55$ Grin

lonesomestranger

full member

Activity: 770

Merit: 112

Missed the Litecoin Summit or some of the speaker sessions? Access the full agenda on Litecoin Foundation's YouTube channel : https://www.youtube.com/channel/UC8unJ4YCZgc5e7Sb_cckDgg?reload=9

rendravolt

hero member

Activity: 2156

Merit: 521

Quote from: dishku on November 05, 2019, 02:52:40 AM

Quote from: mindrust on November 05, 2019, 12:42:27 AM

Quote from: CryptoBuzzerd on October 22, 2019, 10:33:04 AM

Litecoin soon will die, because it hasn't any reliable use. Nowadays price-drop only confirming it.

I find this hard to believe. If It didn't die when it dropped from $50 to $3 back in the day, it is not going to die, ever. I agree that its a copy/paste of btc though. Maybe they implement MW as a sidechain and try something different... I hope they do.

What is your source to predict about price of LTC could potentially drop to such a low level even it is showing mind blowing performance and big merchants already support this. I hope this will keep growing and will get a decent floor in future.

There is no evidence to reduce the price of Litecoin because there are many exchanges that support it, even the daily volume can reach hundreds of bitcoins.

Chrystora123

full member

Activity: 1414

Merit: 228

Omicron is another FUD

Quote from: reallester on November 05, 2019, 10:03:52 PM

Phishing

Code:

https://litecoln.org/

really very similar.. at first glance, I was almost fooled Cheesy

it's almost the same.. good job and very helpful.

@reallester.. Your signature code is very cool Grin

tbct_mt2

hero member

Activity: 2366

Merit: 838

Please read and watch it, then you know what to do guys. Not only Litecoin but also other coins which will come later from that channel, I warn you not send any address of any coin posted on that channel.

Quote from: tbct_mt2 on November 04, 2019, 03:16:21 AM

Litecoin

Quote from: tbct_mt2 on November 06, 2019, 05:02:05 AM

Litecoin holders, be watch and be careful with that scam.

As I thought days ago, now we have a scam video that aims at Litecoin holders.
Please check it and report to Youtube that channel: https://www.youtube.com/user/thehotgeek
https://www.youtube.com/watch?v=5_uh4kJM5F8
The scam address is: https://blockchair.com/litecoin/address/MM4bVEjFvmzuypwJzji9h4yGHMBZpQATY7

reallester

full member

Activity: 645

Merit: 102

http://Moonbet.io

Phishing

Code:

https://litecoln.org/

prologas

member

Activity: 219

Merit: 30

GrepBlock.com

+

Litecoin (LTC)

https://grepblock.com/?page=coin&coin=LTC

Totscha

hero member

Activity: 1276

Merit: 622

Quote from: dishku on November 05, 2019, 02:52:40 AM

Quote from: mindrust on November 05, 2019, 12:42:27 AM

Quote from: CryptoBuzzerd on October 22, 2019, 10:33:04 AM

Litecoin soon will die, because it hasn't any reliable use. Nowadays price-drop only confirming it.

I find this hard to believe. If It didn't die when it dropped from $50 to $3 back in the day, it is not going to die, ever. I agree that its a copy/paste of btc though. Maybe they implement MW as a sidechain and try something different... I hope they do.

What is your source to predict about price of LTC could potentially drop to such a low level even it is showing mind blowing performance and big merchants already support this. I hope this will keep growing and will get a decent floor in future.

It's not a prediction if you're talking about the past Wink

He was talking about the previous bear market (2014-2016) when it went from $50 to less than $3 and stayed there for two years. The source is the historical price charts Wink

dishku

legendary

Activity: 1918

Merit: 1003

Quote from: mindrust on November 05, 2019, 12:42:27 AM

Quote from: CryptoBuzzerd on October 22, 2019, 10:33:04 AM

Litecoin soon will die, because it hasn't any reliable use. Nowadays price-drop only confirming it.

I find this hard to believe. If It didn't die when it dropped from $50 to $3 back in the day, it is not going to die, ever. I agree that its a copy/paste of btc though. Maybe they implement MW as a sidechain and try something different... I hope they do.

What is your source to predict about price of LTC could potentially drop to such a low level even it is showing mind blowing performance and big merchants already support this. I hope this will keep growing and will get a decent floor in future.

mindrust

legendary

Activity: 3276

Merit: 2442

Quote from: CryptoBuzzerd on October 22, 2019, 10:33:04 AM

Litecoin soon will die, because it hasn't any reliable use. Nowadays price-drop only confirming it.

I find this hard to believe. If It didn't die when it dropped from $50 to $3 back in the day, it is not going to die, ever. I agree that its a copy/paste of btc though. Maybe they implement MW as a sidechain and try something different... I hope they do.

tbct_mt2

hero member

Activity: 2366

Merit: 838

Quote from: wwzsocki on November 04, 2019, 03:35:50 AM

I can't agree with you here and I am sure that many will choose the coin which has instant or even lightning-fast transactions rather than slower once.

This is very important for many treaders, especially when you are trading using bots or API. Still, LTC is a lot better as BTC for which I waited for yesterday almost 7 hours to be confirmed.

There are different types of crypto traders, and investors and they have different needs to move their coins (speeds, fees, and potential congestion on networks). Someone don't have urgent needs like me, someone have urgent needs or just usually need fast transactions like you.
Addtionally, their definitions on fast transactions are different, obviously.

Generally, the diversification of demands from crypto traders and investors result in a very healthy competition and race between different crypto currencies. It's good for all.

Quote

That is why further development of new features as Mimbewimble is a great idea and will add value and more use cases for LTC.

This is what I totally agree with you. By the way, it is good to see you point it out when Mimblewimble-algorithm coins have been in their upwards trend, from Grin coin to BEAM.

rendravolt

hero member

Activity: 2156

Merit: 521

Quote from: No Pain No blood on November 03, 2019, 11:28:10 AM

Quote from: XCASH on November 02, 2019, 06:44:37 PM

Quote from: wwzsocki on November 02, 2019, 09:17:04 AM

I am sure Litecoin will stay in the top 10 on CMC for a long time. I still prefer to use LTC as BTC to transfer, but to be honest, there are many better, faster and cheaper coins to use.

But most of those other coins aren't on all the big exchanges, just some of them. Litecoin is on virtually every big exchange, and very useful for fast transfers.

yes you're right, that's one of the advantages of Litecoin almost all exchanges already support this coin. there may be a lot of coins that are faster and cheaper. but in my opinion litecoin is still the best for the issue of sending funds between exchanges.

True, I have felt it since a few years ago, when I needed money, I preferred Litecoin as a fast and efficient intermediary.

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: tbct_mt2 on November 04, 2019, 02:36:25 AM

...In my perspective, it does not a problem to wait for 5 or ten minutes to get finished transactions between exchanges/ platforms and I see there are so many coins satisfy that need of crypto enthusiasts nowadays...

I can't agree with you here and I am sure that many will choose the coin which has instant or even lightning-fast transactions rather than slower once.

This is very important for many treaders, especially when you are trading using bots or API. Still, LTC is a lot better as BTC for which I waited yesterday almost 7 hours to be confirmed.

As I already said I have used LTC in 2018 very much because was one of the best options for fast and cheap transfers, today I amusing other alts so situation changed and LTC lost this advantage already because there are a few cheaper and faster coins only in the top 10, don't mention other once.

That is why further development of new features as Mimbewimble is a great idea and will add value and more use cases for LTC.

Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched! - page 27. (Read 1468026 times)