[ANN] Litecoin - a lite version of Bitcoin. Launched! - page 343.

EskimoBob

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Quality Printing Services by Federal Reserve Bank

Quote from: kano on February 04, 2012, 06:42:42 PM

I still think that all *coins so far have fucked up their PR by talking about "currency" instead of marketing BTC and others as a means of transferring funds - secure, fast and cheap.
What I am trying to say is *coins are not cryprocurrencies, but more like "cryptotransfers" with out the greedy bankers.
Keep presenting *coins as currency to general public and merchants and they will keep ignoring it.

Lucky that crypto's don't all charge any fees ... oh hang on

[/quote]

You obviously have no idea what fees banks take from merchants for processing CC and DC payments. ... oh hang on... ignorance is bliss.

kano

legendary

Activity: 4592

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Linux since 1997 RedHat 4

Quote from: EskimoBob on February 04, 2012, 02:46:01 PM

Quote from: TradersEdgeDice on February 04, 2012, 11:22:31 AM

BTC has been a bust so far in the last two years of offering it as a payment option.

Still believe in it. I still believe cryptocurrency its future.

Now I'm offering payment in LTC. The hope is that the more democratic accumulation of LTC means a chance of a viable economy.

I still think that all *coins so far have fucked up their PR by talking about "currency" instead of marketing BTC and others as a means of transferring funds - secure, fast and cheap.
What I am trying to say is *coins are not cryprocurrencies, but more like "cryptotransfers" with out the greedy bankers.
Keep presenting *coins as currency to general public and merchants and they will keep ignoring it.

Lucky that crypto's don't all charge any fees ... oh hang on

EskimoBob

legendary

Activity: 910

Merit: 1000

Quality Printing Services by Federal Reserve Bank

Quote from: TradersEdgeDice on February 04, 2012, 11:22:31 AM

BTC has been a bust so far in the last two years of offering it as a payment option.

Still believe in it. I still believe cryptocurrency its future.

Now I'm offering payment in LTC. The hope is that the more democratic accumulation of LTC means a chance of a viable economy.

I still think that all *coins so far have fucked up their PR by talking about "currency" instead of marketing BTC and others as a means of transferring funds - secure, fast and cheap.
What I am trying to say is *coins are not cryprocurrencies, but more like "cryptotransfers" with out the greedy bankers.
Keep presenting *coins as currency to general public and merchants and they will keep ignoring it.

TradersEdgeDice

member

Activity: 84

Merit: 11

BTC has been a bust so far in the last two years of offering it as a payment option.

Still believe in it. I still believe cryptocurrency its future.

Now I'm offering payment in LTC. The hope is that the more democratic accumulation of LTC means a chance of a viable economy.

illpoet

sr. member

Activity: 341

Merit: 250

Quote from: ThiagoCMC on February 03, 2012, 09:58:56 PM

Quote from: ineededausername on February 03, 2012, 05:29:43 PM

As an outside observer, I have noticed that Litecoin is the only altchain thus far to have a user base that actually attempts to use it.

Lots of my friends, only mine for Litecoins, because they don't have GPUs... But a lots of idle CPUs... This is a great reason why I like Litecoin... More people can make money with its idle computers right now... I'm sure this is a good thing...

this is why i'm thinking litecoin could become more mainstream in time.

Matoking

sr. member

Activity: 352

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Firstbits: 1m8xa

Quote from: ThiagoCMC on February 03, 2012, 11:11:25 PM

Guys,

I have some questions:

1 Where can I find the blocks mined by Litecoin P2Pool?

2 Why the function "connect=IP" at ~/.litecoin/litecoin.conf does now download the blockchain from my Litecoin "master node" (both at the same subnet/mask)? I can see 1 connection @ getconnectioncount but, the getblockcount stops increasing (or never leaves 0 if I start a fresh Litecoin with connect=X from the beginning).

3 How can I donate some Litecoins to the P2Pool miners? Just like this:

Additional subsidy for P2Pool users: 1-3btc/day
https://bitcointalksearch.org/topic/additional-subsidy-for-p2pool-users-1-3btcday-57027

So, I would like to do something like: "Additional subsidy for Litecoin P2Pool users: 100~500 LTC/day"

But how?!

Cheers!
Thiago

litecoind sendmany "" "$(GET http://127.0.0.1:9333/patron_sendmany?total=AMOUNTHERE)"

That should work for p2pool donations when you have p2pool running.

ThiagoCMC

legendary

Activity: 1204

Merit: 1000

฿itcoin: Currency of Resistance!

Guys,

I have some questions:

1 Where can I find the blocks mined by Litecoin P2Pool?

2 Why the function "connect=IP" at ~/.litecoin/litecoin.conf does now download the blockchain from my Litecoin "master node" (both at the same subnet/mask)? I can see 1 connection @ getconnectioncount but, the getblockcount stops increasing (or never leaves 0 if I start a fresh Litecoin with connect=X from the beginning).

3 How can I donate some Litecoins to the P2Pool miners? Just like this:

Additional subsidy for P2Pool users: 1-3btc/day
https://bitcointalksearch.org/topic/additional-subsidy-for-p2pool-users-1-3btcday-57027

So, I would like to do something like: "Additional subsidy for Litecoin P2Pool users: 100~500 LTC/day"

But how?!

Cheers!
Thiago

ThiagoCMC

legendary

Activity: 1204

Merit: 1000

฿itcoin: Currency of Resistance!

Quote from: ThiagoCMC on February 03, 2012, 04:08:02 PM

I'll add extra 200KHash/s to Litecoin P2Pool ASAP!!
And, I'm also writing a quick guide for you guys!

Done. ^^

Quick guide comming! Wink

ThiagoCMC

legendary

Activity: 1204

Merit: 1000

฿itcoin: Currency of Resistance!

Quote from: ineededausername on February 03, 2012, 05:29:43 PM

As an outside observer, I have noticed that Litecoin is the only altchain thus far to have a user base that actually attempts to use it.

I have the same feelings about Bitcoin and Litecoin... And about Namecoin also...

Lots of my friends, only mine for Litecoins, because they don't have GPUs... But a lots of idle CPUs... This is a great reason why I like Litecoin... More people can make money with its idle computers right now... I'm sure this is a good thing...

I'm earning 30 Bitcoins a month, mining for Litecoins.

Cheers,
Thiago

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

As an outside observer, I have noticed that Litecoin is the only altchain thus far to have a user base that actually attempts to use it.

ThiagoCMC

legendary

Activity: 1204

Merit: 1000

฿itcoin: Currency of Resistance!

I'll add extra 200KHash/s to Litecoin P2Pool ASAP!!
And, I'm also writing a quick guide for you guys!

StewartJ

sr. member

Activity: 392

Merit: 250

Will someone on this thread please look at my signature?

My part to help promote LTC awareness, please feel free to do this yourself.

Such promotion is warranted, especially in light of the recent price jump on the LTC/BTC exchange.

Keep on mining it folks... we'll buy more... Grin

veebee

full member

Activity: 170

Merit: 100

WHATS UP GUYS!!

See a lot of familiar names.

sup coblee great work man keep it up!

Total BTC: 525.62055133 <- Shocked

coblee

donator

Activity: 1654

Merit: 1351

Creator of Litecoin. Cryptocurrency enthusiast.

New windows client release: https://github.com/downloads/coblee/litecoin/litecoin-windows-client-0.5.0.9.zip

This just includes a small fix that addresses spam transactions for those of you still having problems with a bloated wallet. Specifically, it includes this commit: https://github.com/coblee/litecoin/commit/c61d9e9717217c521c8746630c732347711cc7b5
Basically, when scanning blocks and transactions, it will ignore the transaction if the output is less than MinInput (defaults to 0.0001 ltc, but can be changed). So if you do a rescan, all the spam transactions will no longer be in your wallet.

oscer

member

Activity: 73

Merit: 10

Quote from: tacotime on February 01, 2012, 09:07:56 PM

Holy balls, price explosion today. This is what happens when you mine and hold guys! Grin

This is good

tacotime

legendary

Activity: 1484

Merit: 1005

Holy balls, price explosion today. This is what happens when you mine and hold guys! Grin

interlagos

hero member

Activity: 496

Merit: 500

Quote from: coblee on January 27, 2012, 01:29:03 PM

Quote from: interlagos on January 26, 2012, 04:08:35 PM

There is another hot topic - multisig transactions for better wallet security.

What if litecoin implements BIP17 proposal? The bitcoin crowd seems to be slowly converging on BIP16.
There is a heated debate over here:
https://bitcointalksearch.org/topic/bip-16-17-in-laymans-terms-61125

This might bring some life and interest back into litecoin and it will truly compliment bitcoin by selecting a competing solution.
I think I have posted about it here a few days ago, but nobody seemed to pay attention.

Coblee, what do you think?

That's an interesting idea. I will look into it. Will need to weight the benefit of this versus the cost of having to maintain a separate codebase than Bitcoin. Unfortunately, there aren't that many people working on Litecoin (only me right now), so if BIP17 introduces a security hole, that might be disastrous. So I have to be careful there.

In the near future, I will merge in the latest bitcoin code and build a new Litecoin client. This will turn wallet encryption back on. Stay tuned.

It seems that BIP17 has a problem when support goes below 50% all new multisig transactions become easily redeemable by everyone.
Since litecoin hashpower fluctuates between 15Mhs and 30Mhs this might be a serious problem.

So I agree that we should be careful here and not rush things, maybe wait for a better solution, like BIP22 by Mike Caldwell (Casascius).
https://bitcointalksearch.org/topic/bip-22-62181

steelhouse

hero member

Activity: 717

Merit: 501

161 BTC volume for LTC today already at btc-e.com is there something up?

StewartJ

sr. member

Activity: 392

Merit: 250

Quote from: PunkAs on January 31, 2012, 07:25:23 PM

Litecoin rules, hope it continues to increase in value.

The sell order prices on BTC-E seem to be going up. Very nice!

PunkAs

newbie

Activity: 14

Merit: 0

Litecoin rules, hope it continues to increase in value.

Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched! - page 343. (Read 1467253 times)