Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched! - page 297. (Read 1467275 times)

Coblee's Post

So why is Litecoin valuable today? Here's what I think justifies Litecoin's maketcap and why it will stay #2 behind Bitcoin for the foreseeable future:

Litecoin's trade volume dwarfs most other coins.

Litecoin is supported by a huge number of exchanges. No other altcoin comes close.

Like the comparison or not, Litecoin is silver to Bitcoin's gold. Having a cryptocurrency trading pair is important for arbitrage reasons. Litecoin is playing that role today. It's hard for another coin to take over that role.

Litecoin is supported by payment processors like GoCoin and, if I can help it, Coinbase. Payment processors are critical in the path towards mass adoption.

Litecoin is accepted by a huge amount of merchants. Look at http://coinmap.org/

Litecoin has ATM support.

Litecoin is protected by its own network of hardware dedicated to Scrypt mine. And Litecoin's hashrate dwarfs that of other Scrypt coins. The amount of money spent protecting Litecoin will increase substantially with Scrypt ASICs.

Litecoin runs on well tested codebase. Because it is basically Bitcoin with a few changes.

We have a great dev team and an awesome Litecoin association

EXCHANGES
BitEx - The first Hispanic LTC/BTC exchange based in Argentina
Bitfinex - Offering LTC & BTC margin trading
BITTREX - A US based exchange with numerous cryptos
BTC China - Bobby Lee's exchange now offers LTC trading
BTC E - Anonymous trading site for LTC, BTC, & others
BTER - Trades LTC & other crypto
Cex.io - BTC / LTC trading
CoinMKT - A Santa Monica, California LTC, BTC & alt coin exchange
Crypto-Trade - Numerous LTC pairs
Cryptsy - US based & trading over 90 different cryptos
Huobi - Chinese exchange to trade LTC on 3/19/14
KingCoiny - A new security oriented exchange with BTC, LTC, & others
Kraken - US based with LTC, BTC & other crypto
MintPal - 'The fast, efficient & secure cryptocurrency exchange'
OkCoin - A high volume Chinese exchange
Prelude.io - A LTC, BTC, & alt coin exchange by Moolah
UniLTC.com - USD, EUR, BTC to LTC trading
Vault of Satoshi - Canadian based with LTC, BTC & other crypto
Vircurex - LTC & 18 other cryptos traded
VirtEx - Canadian Loonie / Litecoin trading

http://uselitecoin.com/category/merchandise/
http://www.litecoinlearner.com/

What has Litecoin been up to?

http://www.reddit.com/r/litecoin/comments/27654z/activities_in_the_litecoin_world_addendum_to/

Dear Litecoin Community,

You may have seen recently I made a post titled “Litecoin State of the Union”, which was made in order to clarify what was going on in the world of Litecoin, and calm peoples fear about asics, price, as well as let folks know what the LA and other community members are working on in the LTC eco-system. With that said, I felt the response for the most part was very positive and really got some of the community members engaged and more knowledgeable of the activities and initiatives that are going on. So I wanted to elaborate a bit on a number of activities that the community is trying to put together as well as areas where we need some help in.

Safe network alliance pledge We are very aware of coinotrons recent issue with the %51 network hash rate. Because of this, we have formed a pledge to pools to take in order to state the will be %28 or below the network hash rate. This is important to prevent time warp attacks on the network (which can happen with any coin, and cause the hacker to fake data and issue fake coins to themselves). Please spread the word to the pool you mine at, and request them to take the LA/LTC pledge for a safer network located here https://litecointalk.org/index.php?topic=20028.0.

Litecoin video After much back and forth, and starting a video, we decided to scrap the original and start again. One of our Litecoin Association members, Saigoned, stepped up as the project manager and will see this come to fruition. It was decided that we would assign bounties to this project in order to get this complete so we can show folks and merchants. Therefore, 65 LTC has been set aside to help pay for certain aspects of the video (50 of which was donated by the Litecoin Association). Please see https://litecointalk.org/index.php?topic=19799.0 for more details on the project and bounty. Also, special thanks to Losh11 that help start this initiative!

New wallet splash screen With the up and coming release of the new Litecoin QT wallet (which will be called “Litecoin Core”) ver 0.9, there is an initiative to have a new splash screen made by the community for the developers to use. Warren, lead Litecoin Dev, proposed to get the community more involved and wanted to use new splash screens for both the main loading screen and the testnet screen. Please see https://litecointalk.org/index.php?topic=19989.0 for more details on this project along with deadlines. NOTE: Current deadline is June 4th, which I have requested an extension so that the reddit community can submit their work.

Electrum Wallet Electrum wallet is still in beta testing to ensure everything is working properly. This is an important project for the Litecoin community as a whole. Pooler is the developer working on this, and is still asking for beta testers as well as public servers to help with electrum. If you would like to help, please see this thread here https://litecointalk.org/index.php?topic=18608.0.

LTC on Bloomberg Coblee has started an initiative to get Litecoin prices listed on Bloomberg feeds, much like how Bitcoin is already displayed. Roscoe, who is also another member of the Litecoin Association, has taken the lead on this project and is asking for help getting Litecoin displayed on Bloomberg. If you use or know someone who uses a Bloomberg Professional Terminal, please send a message to their online support desk asking for Litecoin price quotes and news to be added. Please show your support in helping him if you can, see https://litecointalk.org/index.php?topic=19258.0 for more details.

Translators needed If you speak more than one language, your skills are in need for the Bitcoin/Litecoin development teams. Please see https://litecointalk.org/index.php?topic=19050.0 for more details.

Help with LA pages The Litecoin Association (http://litecoinassociation.org/) needs help in the form of ideas and volunteers to help “spruce up” the LA website. We need ideas for improvements, sections, content, and anything else you think is good to list. You don’t have to be a member of the LA in order to help out, anyone can help! Crazik is the administrator for the website as well as on the LA board of directors. Please contact him if you want to help out (and we need some help with this too, I promised him I would get a few folks hehe).

Merchant basket TheMage (Yes me), started a project in order to create merchant baskets for folks to print out and take with them in order to get more merchants on board to accept LTC and crypto’s in general. This will be the next large project to be completed after the Litecoin video project. See https://litecointalk.org/index.php?topic=20157.0 for more details. SEE LITECOIN.COM WEBSITE ACTIVITY BELOW!

Website and Client Documentation Dev We have a new intern working with Warren to help out with Litecoin.org as well as end user documentation, seikochan. Her goals for taking the position are * Improving the Litecoin website to be a more inclusive, collaborative project where the community helps by contributing improvements and expanding the content to be more informative. * Improving the documentation for both Bitcoin and Litecoin client software to make it easier for everyone to understand the best practices in protecting themselves against theft and accidental losses that usually are the result of user error. She can use your help with helping create this documentation for both the Litecoin and Bitcoin clients. In addition, she could also use your assistance in the form of translators. Please see https://litecointalk.org/index.php?topic=17395.0 for more details.

LA meetings and Community Projects Litecoin Association meetings are on IRC every other Sunday and are a completely open forum (anyone can attend). The LA board members and Ambassadors conduct the meeting and go over important information with the community and where we need help from the community. After the board speaks, the floor opens for any topics not discussed. We implore everyone to attend! Here is the sticky for information on which channel to join, time zones for clarification, and past meeting notes https://litecointalk.org/index.php?topic=19434.0. The Community Projects section is where we create new initiatives for folks as well as try to coordinate marketing campaigns to get companies on board to accept LTC (the merchant basket and Litecoin video as well as previous charities were started in this section). Here is the link to the main boar https://litecointalk.org/index.php?board=89.0.

Final Thoughts I hope to continue to keep the reddit community abreast of activities that the Community, Litecoin Association, and Developers are working on in order to bring more information to the masses. I understand in the past that this information may not have been flowed properly, but I am looking to change that. I want everyone here to know that Litecointalk.org and reddit are one big community, and we need to work together to continue to keep Litecoin as a top tier currency in the crypto world! But we need YOUR help with this, the communities help. So what ever little bit you can do, PLEASE help us make this better! Thank you

EDIT Litecoin.com Website
Coblee recently asked the community what to do with the domain name Litecoin.com. We are looking for open ideas from everyone. https://litecointalk.org/index.php?topic=20168.0
In addition, treasure_finder, has offered a 20 LTC bounty for Litecoin.com development. See here for details https://litecointalk.org/index.php?topic=20204.0

I don't have the technical know how to make this happen but I know it is important for the future of our coin. Therefore, I'm offering a 20 LTC bounty to the person or persons who are able to make this site a reality. Even if you're not sure what the final site should look like, start the design, make the work-in-progress and let us all provide feedback and work on it together to make it a reality. I don't care if LTC reaches $100 between now and then, I will send you 20 LTC when the site is launched. I invite any other members to add to this bounty, to get ourselves a top quality site that will reinforce LTC as the true silver crypto coin.

Coblee has now donated 100 LTC to this activity, which puts the bounty up to 120 LTC. I am rolling the merchant basket activity into this as well. Stay tuned for details on how this will be distributed.

Guess it's time to convert most of my remaining litecoin over to something else :/

Really kind of disappointed there doesn't seem to be any active development work taking place on the coin itself.  Though coins like DRK, black, and secure would've inspired litecoin dev's to start incorporating a bit of innovation into this coin but seemingly not.

I have been saying Litecoin has been stagnant and kept expecting it to be superseded by another currency, and  it is finally beginning to be realized.
Back when I got into crypto-currency, LTC averaged $3 [aside from dips to $2] and BTC averaged $100.  BTC now has more services, users, and big businesses behind
it and has increased sixfold since that time.

Bullshit, not even linking data sources.

Litecoin is the most traded cryptocurrency
http://cryptocoins.co/litecoin-is-the-most-traded-cryptocurrency-in-the-world/

Why It’s Over For Litecoin

Its not dead its being dumped at tremendous speeds

Hello LTC community!

Finite By Design LLC has a limited batch of 50 LTC Proofs, each minted of 1 troy ounce of .999 fine silver. Each proof comes with:

• Associated address and private key hidden behind a hologram on the reverse side
• Protective plastic capsule enclosing the proof itself
• Custom stamped leatherette presentation case
• Custom stamped paper sleeve for the leatherette
• Certificate of Authenticity identifying each proof as one of the limited batch of 50

We are running a $100 per proof June special which is applicable to each of our 7 lines of proofs.

• '1/10th Bitcoin'
• '1 Litecoin'
• '10 Namecoins'
• '10 Peercoins'
• '10 Peercoins' with 24K gold highlights
• '11 Primecoins'
• '10 Cryptogenic Bullion' Bars

---

Also on June 19th our 2 lines of DOGE coins (100 made out of nickel and 100 made out of copper) will be arriving! Each DOGE proof comes with an unattached hologram so the customer can add their own private key and fund the piece should they so desire. Pricing is $30 for singles or $250 for 10.

What's this some kind of shitcoin? All these shitty copycoins make me sick.

   
         

   
   

Exactly.

What I love about Litecoin is that it just works. Reliability, security and confidence is all that I need for the protection of my wealth and as a facilitator of money transfer. Such a simple concept that people overlook.

I have never GPU mined Litecoins... ever.

About the community, are you active in the USD community?

Confirmed dead.

not an active community at all =/ how is ltc even at the price it is with the amount of people behind it is this a joke? would of been nice to copy/paste btc 4 years ago and mine the fuck out of it with my gpus/ oh wait its already been done  by coblee and BCX and a few others