[ANN] Litecoin - a lite version of Bitcoin. Launched! - page 336.

Etlase2

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The number of confirmations to accept a transaction is up to the user. Assuming an identical hashrate, it would take 24 confirmations in litecoin to equal 6 confirmations in bitcoin. And one confirmation in litecoin is 4 times easier to reverse than one confirmation in bitcoin. There is no advantage here.

tacotime

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the number of confirmations is the same as for bitcoin.

Etlase2

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Quote from: Scott J on May 01, 2012, 07:02:27 AM

I'm struggling to see any downsides to Litecoin when compared to Bitcoin.

The extra coins I see as a positive, as it allows more people to get involved.

The faster block speed is a great advantage IMO.

4x the coins doesn't allow more people to get involved, it allows people to have 4x the coins.
The faster block speed isn't any real advantage, you just have to wait for 4x the confirmations. Two and a half minutes is still way too long for a POS transaction.

Quote

I guess my question is, what makes Bitcoin better than Litecoin other than being the first of the two to get acceptance?

I suppose that Litecoin changed virtually nothing of import from Bitcoin and expected something to happen.

Gavin Andresen

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Chief Scientist

Quote from: Scott J on May 01, 2012, 07:02:27 AM

I guess my question is, what makes Bitcoin better than Litecoin other than being the first of the two to get acceptance?

Network effect.

More developers are working on Bitcoin, there are more interesting projects, more useful tools, more documentation at places like bitcoin.stackexchange.com, etc. And that all builds on itself.

Scott J

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I'm struggling to see any downsides to Litecoin when compared to Bitcoin.

The extra coins I see as a positive, as it allows more people to get involved.

The faster block speed is a great advantage IMO.

I guess my question is, what makes Bitcoin better than Litecoin other than being the first of the two to get acceptance?

Tachikoma

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Quote from: pooler on May 01, 2012, 05:17:45 AM

Quote from: Tachikoma on May 01, 2012, 04:24:14 AM

The pool send 30LC to my specified address but somehow the transactions are not showing up in my client (while the chain is synchronized).
[...]

Edit
And of course a minute after I create a post the transactions somehow come in. Nevermind!

The reason for the delay is that it can take a few minutes before a transaction is included in a block (i.e. before the transaction gets 1 confirmation).

Good suggestion, however the first transaction was send 8 hours ago at the time of my post, that should have been long enough to get one confirmation Wink

pooler

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Quote from: Tachikoma on May 01, 2012, 04:24:14 AM

The pool send 30LC to my specified address but somehow the transactions are not showing up in my client (while the chain is synchronized).
[...]

Edit
And of course a minute after I create a post the transactions somehow come in. Nevermind!

The reason for the delay is that it can take a few minutes before a transaction is included in a block (i.e. before the transaction gets 1 confirmation).

Tachikoma

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So I started mining some litecoins to test it out yesterday and used a pool to get started. The pool send 30LC to my specified address but somehow the transactions are not showing up in my client (while the chain is synchronized). This is the address in question.

Does anybody have any idea why my client won't register it?

Edit
And of course a minute after I create a post the transactions somehow come in. Nevermind!

conspirosphere.tk

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Bitcoin is antisemitic

Hi, I found an old litecoin wallet of mine and trying to use it. The problem is that I see that is loaded with about 100 ltc, but all transactions are unconfirmed. I tried to delete everything but the wallet in the roaming folder and downloaded the blockchain again, but the balance and transactions remain with zero confirmations, so I cannot use it. Any idea?

pooler

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Quote from: EskimoBob on April 26, 2012, 01:42:10 PM

I pulled today the latest version. Code compiles fine but now I get:

EXCEPTION: NSt8ios_base7failureE
CAutoFile::read : end of file
litecoin in Runaway exception

I did clean up the ./litecoin directory but I still get the same exception.

I got the same error after upgrading. I even tried clearing the .litecoin folder and re-downloading the blockchain, but kept getting the same error. I had to go back to commit 2170487 and restore the wallet from a backup.

Unfortunately I haven't had the time to investigate the issue, but the problem seems to lie in one of the April 24/25 commits.

EDIT: ali1234 fixed this bug today in commit dda31c7. It should now be safe to use the latest version from the GitHub repository.
Note that if you have run the buggy code you will have to redownload the blockchain.

EskimoBob

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Quality Printing Services by Federal Reserve Bank

I pulled today the latest version. Code compiles fine but now I get:

EXCEPTION: NSt8ios_base7failureE
CAutoFile::read : end of file
litecoin in Runaway exception

I did clean up the ./litecoin directory but I still get the same exception.

Cosbycoin

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Quote from: bulanula on April 18, 2012, 06:05:33 PM

Quote from: Cosbycoin on April 18, 2012, 02:48:46 PM

Quote from: bulanula on April 17, 2012, 03:51:28 PM

Can anybody help me out here ?

I am getting this error on Mac OS X 10.5.8 :

Dyld Error Message:
Symbol not found: __ZNKSt13bad_exception4whatEv
Referenced from: /Applications/Litecoin-Qt.app/Contents/MacOS/Litecoin-Qt
Expected in: /usr/lib/libstdc++.6.dylib

Also related thread without solution : https://bitcointalksearch.org/topic/bitcoin-client-problem-55105

No. Help yourself =)

If you don't have anything constructive to say then please abstain from posting it.

I really am banging my head against the wall here ...

I googled and there seems to be no solution at all.

Where can I try older versions of litecoind for Mac ?

I am not even trying to run the GUI just the litecoind headless daemon.

Also is there such thing like a bitcoin-mining-proxy but for Litecoin getworks ?

Thank you !

As much as you've trolled this forum I think you need some help on your own bro!

bulanula

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Quote from: Cosbycoin on April 18, 2012, 02:48:46 PM

Quote from: bulanula on April 17, 2012, 03:51:28 PM

Can anybody help me out here ?

I am getting this error on Mac OS X 10.5.8 :

Dyld Error Message:
Symbol not found: __ZNKSt13bad_exception4whatEv
Referenced from: /Applications/Litecoin-Qt.app/Contents/MacOS/Litecoin-Qt
Expected in: /usr/lib/libstdc++.6.dylib

Also related thread without solution : https://bitcointalksearch.org/topic/bitcoin-client-problem-55105

No. Help yourself =)

If you don't have anything constructive to say then please abstain from posting it.

I really am banging my head against the wall here ...

I googled and there seems to be no solution at all.

Where can I try older versions of litecoind for Mac ?

I am not even trying to run the GUI just the litecoind headless daemon.

Also is there such thing like a bitcoin-mining-proxy but for Litecoin getworks ?

Thank you !

Cosbycoin

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Activity: 980

Merit: 506

Quote from: bulanula on April 17, 2012, 03:51:28 PM

Can anybody help me out here ?

I am getting this error on Mac OS X 10.5.8 :

Dyld Error Message:
Symbol not found: __ZNKSt13bad_exception4whatEv
Referenced from: /Applications/Litecoin-Qt.app/Contents/MacOS/Litecoin-Qt
Expected in: /usr/lib/libstdc++.6.dylib

Also related thread without solution : https://bitcointalksearch.org/topic/bitcoin-client-problem-55105

No. Help yourself =)

Brunic

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At first, I was suspicious of all forms alternate cryptocurrencies. They felt so much like "oh, look, success over there! Let's go copy it and grab a share of it!".

But now, I'm still suspicious of all forms of alternate cryptocurrencies, but I like more and more the idea of Litecoin. Bitcoin is designed to keep a relative high value, since its supply is limited and somewhat low when you compare it to the human population. Having Litecoin as a "cheap" Bitcoin act as a buffer of offer for the market, and gives the market a chance to trade at lower values.

Sure, right now, the market is still small, but the more Bitcoin takes value, the more Litecoin will become interesting. The saving grace of Litecoin is probably the complementary mining offer it provides. The CPU of my mining rigs were useless and inactive with Bitcoin, but now, they have an interesting use.

So great job guys! Don't desesperate if Litecoin is slow at start, it's dependant on Bitcoin. In the future, it could certainly become the entry point for alternate cryptocurrencies.

bulanula

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Activity: 518

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Can anybody help me out here ?

I am getting this error on Mac OS X 10.5.8 :

Dyld Error Message:
Symbol not found: __ZNKSt13bad_exception4whatEv
Referenced from: /Applications/Litecoin-Qt.app/Contents/MacOS/Litecoin-Qt
Expected in: /usr/lib/libstdc++.6.dylib

Also related thread without solution : https://bitcointalksearch.org/topic/bitcoin-client-problem-55105

Cosbycoin

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Quote from: EskimoBob on April 17, 2012, 03:23:54 AM

Quote from: Cosbycoin on April 16, 2012, 08:59:27 PM

Coblee is there an updated client coming out in the near future?

What's wrong with the current version?

If you have a idea, how to improve the Litecoin client, please write about it here :Litecoin - feature request and please, do not feed the trolls and stay on topic

Nothing is wrong. I wanted to see if purely there was an update. I'm sure at some point new features or bugs will need to be fixed.

EskimoBob

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Quality Printing Services by Federal Reserve Bank

Quote from: Cosbycoin on April 16, 2012, 08:59:27 PM

Coblee is there an updated client coming out in the near future?

What's wrong with the current version?

If you have a idea, how to improve the Litecoin client, please write about it here :Litecoin - feature request and please, do not feed the trolls and stay on topic

Cosbycoin

hero member

Activity: 980

Merit: 506

Coblee is there an updated client coming out in the near future?

Mythoranium

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Hello everyone!

I just started looking into alternative cryptocurrencies, and Litecoin seems very interesting.

I am trying to build the litecoin headless daemon on Arch Linux, but I get the following error (tail of compile log pasted):

Code:

cc1plus: warning: -Wformat-security ignored without -Wformat [-Wformat-security]
In file included from util.cpp:9:0:
/usr/include/boost/program_options/detail/config_file.hpp: In instantiation of ābool boost::program_options::detail::basic_config_file_iterator::getline(std::string&) [with charT = char; std::string = std::basic_string]ā:
util.cpp:1263:1:   required from here
/usr/include/boost/program_options/detail/config_file.hpp:163:13: error: āto_internalā was not declared in this scope, and no declarations were found by argument-dependent lookup at the point of instantiation [-fpermissive]
In file included from /usr/include/boost/program_options/detail/parsers.hpp:9:0,
                 from /usr/include/boost/program_options/parsers.hpp:265,
                 from util.cpp:10:
/usr/include/boost/program_options/detail/convert.hpp:75:34: note: ātemplate std::vector > boost::program_options::to_internal(const std::vector&)ā declared here, later in the translation unit
util.cpp: In function āvoid ShrinkDebugFile()ā:
util.cpp:975:41: warning: ignoring return value of āsize_t fwrite(const void*, size_t, size_t, FILE*)ā, declared with attribute warn_unused_result [-Wunused-result]
make: *** [obj/util.o] Error 1

The first warning about -Wformat is seen all throughout the compile log, but that is just a warning. It seems the error has something to do with Boost libraries. Could the problem be that I installed both the developer Boost and Boost runtimes?

Thank you in advance!

P.S. please don't mind the encoding problems - seems that quotes are shown as "ā", but don't mind that.

Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched! - page 336. (Read 1467253 times)