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Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched! - page 346. (Read 1467253 times)

hero member
Activity: 496
Merit: 500
Are there any plans on further development of Litecoin?
The latest client 0.5.0.8 is dated back to November 22 and there haven't been any updates ever since.
Is multisig planned in any form? How about fixing wallet encryption bug (or is it fixed)?

There is a discussion right now whether to deploy P2SH (Gavin) or CHV (Luke) way of doing multisig, what if Litecoin project picks up the one opposite to Bitcoin once that decision is made. This way we will have a backup solution for Bitcoin in case the approach taken was a mistake.

I consider Litecoin a healthy alternative to Bitcoin, it might be lacking some marketing as of now, but that might change in the future.
Just don't abandon the development of new features so early.

PS:
Some links on multisig discussion (battle):
https://bitcointalksearch.org/topic/pull-request-748-pay-to-script-hash-opeval-replacement-56969
https://bitcointalksearch.org/topic/bip-17-60433
https://bitcointalksearch.org/topic/old-p2sh-debate-thread-58579
https://bitcointalksearch.org/topic/get-your-pool-support-p2sh-if-you-care-about-bitcoin-60482
member
Activity: 98
Merit: 10
I love making money using the exchanges.
sr. member
Activity: 392
Merit: 250
are there any pools (besides ozcoin) how allow port 80?
Pool-x does: http://pool-x.eu/gettingstarted
hero member
Activity: 633
Merit: 500
Has anyone used litecoin somewhere besides an exchange? Are there any online merchants or services that use them?

I think the idea of a GPU-hostile coin is interesting, but it doesn't seem to actually do anything more or better than bitcoin can.

The only thing that is "nice" is the shorter block times so I can get my coins to an exchange faster and this isn't really what should be called an improvement.

Check the Litecoin Market link in my sig.  Also, someone on that forum has put up a bounty for a silk road tor site.  Who knows if it will ever happen or what the consequences would be.
sr. member
Activity: 351
Merit: 250
are there any pools (besides ozcoin) how allow port 80?

thanks!
full member
Activity: 183
Merit: 100
Has anyone used litecoin somewhere besides an exchange? Are there any online merchants or services that use them?

I think the idea of a GPU-hostile coin is interesting, but it doesn't seem to actually do anything more or better than bitcoin can.

The only thing that is "nice" is the shorter block times so I can get my coins to an exchange faster and this isn't really what should be called an improvement.

I bought two physical litecoins and also a game from pigeons with LTC (:
hero member
Activity: 742
Merit: 500
Has anyone used litecoin somewhere besides an exchange? Are there any online merchants or services that use them?

I think the idea of a GPU-hostile coin is interesting, but it doesn't seem to actually do anything more or better than bitcoin can.

The only thing that is "nice" is the shorter block times so I can get my coins to an exchange faster and this isn't really what should be called an improvement.
member
Activity: 98
Merit: 10
could some kind soul donate 0.01LTC to LbT5vN1rX2UXRtJ5a8aSiq1wAoyuQYVSAL please?

Done.

Thank you.
donator
Activity: 1654
Merit: 1351
Creator of Litecoin. Cryptocurrency enthusiast.
could some kind soul donate 0.01LTC to LbT5vN1rX2UXRtJ5a8aSiq1wAoyuQYVSAL please?

Done.
member
Activity: 98
Merit: 10
could some kind soul donate 0.01LTC to LbT5vN1rX2UXRtJ5a8aSiq1wAoyuQYVSAL please?
legendary
Activity: 1484
Merit: 1005
(it just depresses the price a little)

A little lol its worth nothing thats not what i call a little

It's worth about $1400 right now on BTCe... which is more or less what it was always worth.
hero member
Activity: 774
Merit: 500
Lazy Lurker Reads Alot
(it just depresses the price a little)

A little lol its worth nothing thats not what i call a little
donator
Activity: 1218
Merit: 1079
Gerald Davis
Looks like the botnet/whoever hit Litecoin again. Mined the balls out of it which put difficulty up to ~1.14 and then stopped once difficulty changed. Next target is currently at ~0.6

I wonder how long this trend will continue.

As long as it is profitable?

Why pool hop when you can chain hop instead.  Far more difficult to counter and requires less hops.

The non-hopping miners get a larger cut of the high difficulty blocks and a smaller cut of the low difficulty ones.
hero member
Activity: 914
Merit: 500
Looks like the botnet/whoever hit Litecoin again. Mined the balls out of it which put difficulty up to ~1.14 and then stopped once difficulty changed. Next target is currently at ~0.6

I wonder how long this trend will continue.
legendary
Activity: 1484
Merit: 1005
It appeared to be turned off for the last little while...  It wasn't on FBX/TBX which were the other two alt currencies.  This would seem to indicate that it's not actually a botnet (who could care less about producing coins for the cheapest cost possible) but rather someone who commands a very large cluster of CPUs that pays for power (likely someone simultaneously mining bitcoin).

It appears that they don't have enough power to 51% the chain, as in their absence the size of LTC mining was about 2/3 the size that it is now.  It may be someone who wishes to ask maliciously (Luke Jr.) but can't 51% the chain, so they are mining and dumping as quickly as possible (which doesn't really do anything malicious, it just depresses the price a little).
hero member
Activity: 914
Merit: 500
So I've noticed the network hash rate bouncing up and down over the last couple adjustments. My current theory is that there's a botnet that switches between two CPU based alt-currencies.

Here's the scenario:

- Botnet begins mining Litecoins
- When difficulty adjusts up, Botnet switches to Mystery Currency #2
- When Litecoin difficulty drops again, or Mystery Currency #2 goes up too high, botnet switches

I'm not saying this is what's happening for sure, but it seems fairly odd that the network hash rate would double at almost the exact time that difficulty dropped.

Also, this isn't entirely bad for Litecoin I suppose, but it does show how vulnerable to influence it is.
legendary
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
Did you put the wallet in C:\Users\USERNAME\AppData\Roaming\Litecoin instead of C:\Users\USERNAME\AppData\Litecoin?

No, since I am using XP64. No Roaming folder here.
sr. member
Activity: 352
Merit: 250
Firstbits: 1m8xa
Has it finished downloading the blockchain yet?

Yes. No Litecoins and no old receiving address recovered  Sad
Did you put the wallet in C:\Users\USERNAME\AppData\Roaming\Litecoin instead of C:\Users\USERNAME\AppData\Litecoin?
legendary
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
Has it finished downloading the blockchain yet?

Yes. No Litecoins and no old receiving address recovered  Sad
sr. member
Activity: 352
Merit: 250
Firstbits: 1m8xa
Has it finished downloading the blockchain yet?
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