Author

Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched! - page 375. (Read 1467253 times)

hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
You charged people money for something, gave them something else then claimed ignorance and washed your hands... frankly it was your business failure not theirs.  Your logic makes about as much sense as asking your supplier for refunds when buyer don't pay.  If your supplier was shady, that is your loss to take, not your honest paying customers...

Anyways, I luckily didn't get scammed by you, my concern is that you don't seem like a very good name to be managing the 2 domains of a new coin.

If you care about the litecoin community then you should disassociate your name from it, doesn't instill much trust having a scammer representing us.

I do not manage the Litecoin domain names. They are managed by coblee, and it was his decision to point them at my servers.

terrytibbs has done more for Litecoin than most people. He designed the webpage and set up the wiki and offered to host the webpages. The fact that he has a disagreement with his customers over a previous dealing has no effect on whether or not he can design a great webpage or host the webpage. Given the amount of time he's put into the project, I trust him.

And the worst he can do is basically put a malware binary as the link to the Litecoin client download. If there's any signs of that, I will definitely switch to a different host.

Note: It really shows you his character when terrytibbs continue to post with his original account. Most scammers will just create a new account and continue to scam others.

I support your stance, and I also feel that this thread should not be used to discuss terrytibbs's character.

+1.  I want to mention that I've done business with terrytibbs before and I can vouch for him.
hero member
Activity: 756
Merit: 500
You charged people money for something, gave them something else then claimed ignorance and washed your hands... frankly it was your business failure not theirs.  Your logic makes about as much sense as asking your supplier for refunds when buyer don't pay.  If your supplier was shady, that is your loss to take, not your honest paying customers...

Anyways, I luckily didn't get scammed by you, my concern is that you don't seem like a very good name to be managing the 2 domains of a new coin.

If you care about the litecoin community then you should disassociate your name from it, doesn't instill much trust having a scammer representing us.

I do not manage the Litecoin domain names. They are managed by coblee, and it was his decision to point them at my servers.

terrytibbs has done more for Litecoin than most people. He designed the webpage and set up the wiki and offered to host the webpages. The fact that he has a disagreement with his customers over a previous dealing has no effect on whether or not he can design a great webpage or host the webpage. Given the amount of time he's put into the project, I trust him.

And the worst he can do is basically put a malware binary as the link to the Litecoin client download. If there's any signs of that, I will definitely switch to a different host.

Note: It really shows you his character when terrytibbs continue to post with his original account. Most scammers will just create a new account and continue to scam others.

I support your stance, and I also feel that this thread should not be used to discuss terrytibbs's character.
legendary
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
For those who don't realise it, it is straight forward to work out how long the expected average time to get a block its.

Firstly, however, it is of course an expected average time, not an expected time.
Meaning that if you got say 1 million blocks, then your average time per block should be close to the calculated value, however, for only a few blocks, the average can vary immensely.
According to the Law of Large Numbers, the more blocks you get the closer the average should be to the expected average time.

Anyway, the expected average number of hashes to find a block is 2^32 * difficulty.
At the moment that is: 2^32 * 0.16800443 or 721,573,532 hashes.

So if you hash at 1kh/s your expected average time to find a block will be ~200 hours.
If you hash at 10kh/s your expected average will be ~20 hours.
If you hash at 100kh/s then your expected average will be ~2hours.
etc.
Where did you get the 2^32 from?
Difficulty 1 = one block in 2^32 shares.

So difficulty x = (x)*(2^32)

The 2^32 is somewhat arbitrary but it is equal to difficulty 1.
Oh didn't notice the question at the bottom of that page. Oops.
It comes from the fact that a difficulty one block has the first 32 bits (of 256) all zero.

e.g. a difficulty one hash is defined as looking something like:
00000000.f77fad94.f1fac4e4.380fe9a6.04c07964.d4af9c4b.3cd5177f.dfebf13f
(I added the '.'s to make it easier to see the 32 bit breaks)

The statistically expected chance of getting one of them is of course 1 in 2^32 (since you want all those 32 bits to be zero)
member
Activity: 106
Merit: 10
And would ANYONE like to explain to me how doing a 51% attack on a new chain at very little price value will help my rep and the sustainability of either of the pools I run or any other cryptocurrency venture I might pursue.....

 Did not mean you any offense, Graet. You run a high-quality pool. Happily hashing away litecoins at your place.

 I suck at tact and my words come don't come out right sometimes.

 Was more concerned with the tremendous jump in hash rate by "temp" that gave your pool 70% control at one point. It could have been any pool, just noticed it on yours because I mine there.

 Kinda scary seeing that much power thrown at a popular, fledgling branch. Will be interesting to see how this affects Litecoin long term, if at all.
donator
Activity: 1218
Merit: 1079
Gerald Davis
For those who don't realise it, it is straight forward to work out how long the expected average time to get a block its.

Firstly, however, it is of course an expected average time, not an expected time.
Meaning that if you got say 1 million blocks, then your average time per block should be close to the calculated value, however, for only a few blocks, the average can vary immensely.
According to the Law of Large Numbers, the more blocks you get the closer the average should be to the expected average time.

Anyway, the expected average number of hashes to find a block is 2^32 * difficulty.
At the moment that is: 2^32 * 0.16800443 or 721,573,532 hashes.

So if you hash at 1kh/s your expected average time to find a block will be ~200 hours.
If you hash at 10kh/s your expected average will be ~20 hours.
If you hash at 100kh/s then your expected average will be ~2hours.
etc.
Where did you get the 2^32 from?

Difficulty 1 = one block in 2^32 shares.

So difficulty x = (x)*(2^32)

The 2^32 is somewhat arbitrary but it is equal to difficulty 1.
full member
Activity: 154
Merit: 100
Anyone not concerned about the >51% power at lc.ozco.in ? CPU Botnet mining @ 2Mhash/S ?

Seems a lot of ppl are worried abot "temp"
But we are not n00b poolops at Ozcoin Pooled Mining Pty Ltd,
As soon  as this miner appeared I investigated.
I am satitisfied this is not a botnet.


And would ANYONE like to explain to me how doing a 51% attack on a new chain at very little price value will help my rep and the sustainability of either of the pools I run or any other cryptocurrency venture I might pursue.....

As to needing 4Mhash now - yesterday for some time we were 70% of the network...

Ozcoin was the 1st BTC pool to open a litecoin pool - we did it because we like the idea of litecoin and its stated aims - not to screw it over.

Yeah, Graet has demonstrated nothing but care courtesy towards his miners and the chains his pools mine on.  S
vip
Activity: 980
Merit: 1001
Anyone not concerned about the >51% power at lc.ozco.in ? CPU Botnet mining @ 2Mhash/S ?

Seems a lot of ppl are worried abot "temp"
But we are not n00b poolops at Ozcoin Pooled Mining Pty Ltd,
As soon  as this miner appeared I investigated.
I am satitisfied this is not a botnet.


And would ANYONE like to explain to me how doing a 51% attack on a new chain at very little price value will help my rep and the sustainability of either of the pools I run or any other cryptocurrency venture I might pursue.....

As to needing 4Mhash now - yesterday for some time we were 70% of the network...

Ozcoin was the 1st BTC pool to open a litecoin pool - we did it because we like the idea of litecoin and its stated aims - not to screw it over.
hero member
Activity: 540
Merit: 500
The future begins today

EDIT: I've deposited 20 LTC, who is ready for some fun ? Grin

felt sorry for you so came to play a little cards, time it took to credit my account, you'd gone (that is I assume you're admin)

I've waited a couple of hours but no one came  Undecided

That's kinda demotivating.
legendary
Activity: 1484
Merit: 1005
Anyone not concerned about the >51% power at lc.ozco.in ? CPU Botnet mining @ 2Mhash/S ?

You would need more than 4mh/s to 51% the network right now... ozcoin doesn't have that much power, even.
member
Activity: 106
Merit: 10
Anyone not concerned about the >51% power at lc.ozco.in ? CPU Botnet mining @ 2Mhash/S ?
member
Activity: 98
Merit: 10
Feedback: +6
Because I don't have the time and resources to do everything myself, I will have to trust people to help me. Like I've said before, terrytibbs has spent more time and effort than anyone else other than myself into this project. Your 45 minute estimate is way off the mark. In my dealings with terrytibbs, I know that I can trust him with the web hosting. I can trust him with this more than any other person on this forum or on IRC. Or should I trust you instead? You can do the website in 45 minutes and only have to pay $5 for web hosting, so do you want to take over? What if you are actually Tom Williams from mybitcoin.com. How would I know? All I can go by is from my personal history with people.

And why do people trust me? I could easily put malware in the binaries I create. The only thing you can go by is my previous posts here on the forum. So if you trust me, I ask you to trust my judgement on who I choose to help me host the Litecoin websites. If you don't trust my judgement here, then you should probably not visit those websites and only read this forum.

This is the last thing I will say about this issue here. If you want to continue this discussion, please start a new thread.

If the offer to take over is sincere, then sure thing I would be more than happy to.  Me believing that you are not malicious with your binaries is not the same as me trusting your judgement in character.  You seem like a nice person and he has a proven record of taking advantage of nice people. 

That said, you decide the future of your coin, not me. 

No need for a new thread/discussion, I've conveyed what I needed to and will leave you to your business
donator
Activity: 1654
Merit: 1351
Creator of Litecoin. Cryptocurrency enthusiast.
The website is a template, maybe took 45 min, the wiki is nearly devoid of any information and much of what actually is there, has been copy pasted from the btc wiki.  Both sites could be hosted in their current state for under $5 a month. (by the way, at the time of writing this the site is down, maybe he scammed his host too?)

The fact that he screwed over multiple good people on this forum is OK because he did you a personal favor?

Your OK with the fact that your users' computers could be compromised and only until it happens will you take action as opposed to taking preventative measures?  You realize people have more sensitive info than Litecoins on their computers right?  You should respect that more. Not very considerate to undermine the security of the general user base.

I understand you may have personal trust for him (perhaps unfounded), however letting him run the main litecoin site and wiki raises concern as to the level of respect you have for your users' security.

Note: What really shows you his character when he keeps peoples money after not delivering the purchased item, and expects others to shoulder his financial follies.

All the above is my opinion, nothing less, nothing more; this was written with the utmost concern of the community in mind and no disrespect was intended.

Because I don't have the time and resources to do everything myself, I will have to trust people to help me. Like I've said before, terrytibbs has spent more time and effort than anyone else other than myself into this project. Your 45 minute estimate is way off the mark. In my dealings with terrytibbs, I know that I can trust him with the web hosting. I can trust him with this more than any other person on this forum or on IRC. Or should I trust you instead? You can do the website in 45 minutes and only have to pay $5 for web hosting, so do you want to take over? What if you are actually Tom Williams from mybitcoin.com. How would I know? All I can go by is from my personal history with people.

And why do people trust me? I could easily put malware in the binaries I create. The only thing you can go by is my previous posts here on the forum. So if you trust me, I ask you to trust my judgement on who I choose to help me host the Litecoin websites. If you don't trust my judgement here, then you should probably not visit those websites and only read this forum.

This is the last thing I will say about this issue here. If you want to continue this discussion, please start a new thread.

hero member
Activity: 560
Merit: 501
The website is a template, maybe took 45 min
This is incorrect.

the wiki is nearly devoid of any information and much of what actually is there, has been copy pasted from the btc wiki.
How can I be held responsible, or even questioned for the contents of a publicly editable wiki?

Both sites could be hosted in their current state for under $5 a month. (by the way, at the time of writing this the site is down, maybe he scammed his host too?)
Current state? Sure, but I doubt most shared hosting providers can hold up to an attack as well as my fully redundant 1Gbps lossless dedicated connection can. I am switching hosts, or rather, datacenters, because I am planning on expanding other, unrelated projects.

Your OK with the fact that your users' computers could be compromised and only until it happens will you take action as opposed to taking preventative measures?  You realize people have more sensitive info than Litecoins on their computers right?  You should respect that more. Not very considerate to undermine the security of the general user base.
This statement is true, there is nothing I can do about this in particular. But then again, you seem not to have such an accurate sense of my previous dealings (see below).

Note: What really shows you his character when he keeps peoples money after not delivering the purchased item
This is false, I did deliver the item, and it was working as advertised until my supplier, or the owner of the "stolen" credit card with which the item was purchased, made a chargeback claim.
member
Activity: 98
Merit: 10
Feedback: +6
You charged people money for something, gave them something else then claimed ignorance and washed your hands... frankly it was your business failure not theirs.  Your logic makes about as much sense as asking your supplier for refunds when buyer don't pay.  If your supplier was shady, that is your loss to take, not your honest paying customers...

Anyways, I luckily didn't get scammed by you, my concern is that you don't seem like a very good name to be managing the 2 domains of a new coin.

If you care about the litecoin community then you should disassociate your name from it, doesn't instill much trust having a scammer representing us.

I do not manage the Litecoin domain names. They are managed by coblee, and it was his decision to point them at my servers.

terrytibbs has done more for Litecoin than most people. He designed the webpage and set up the wiki and offered to host the webpages. The fact that he has a disagreement with his customers over a previous dealing has no effect on whether or not he can design a great webpage or host the webpage. Given the amount of time he's put into the project, I trust him.

And the worst he can do is basically put a malware binary as the link to the Litecoin client download. If there's any signs of that, I will definitely switch to a different host.

Note: It really shows you his character when terrytibbs continue to post with his original account. Most scammers will just create a new account and continue to scam others.


The website is a template, maybe took 45 min, the wiki is nearly devoid of any information and much of what actually is there, has been copy pasted from the btc wiki.  Both sites could be hosted in their current state for under $5 a month. (by the way, at the time of writing this the site is down, maybe he scammed his host too?)

The fact that he screwed over multiple good people on this forum is OK because he did you a personal favor?

Your OK with the fact that your users' computers could be compromised and only until it happens will you take action as opposed to taking preventative measures?  You realize people have more sensitive info than Litecoins on their computers right?  You should respect that more. Not very considerate to undermine the security of the general user base.

I understand you may have personal trust for him (perhaps unfounded), however letting him run the main litecoin site and wiki raises concern as to the level of respect you have for your users' security.

Note: What really shows you his character when he keeps peoples money after not delivering the purchased item, and expects others to shoulder his financial follies.

All the above is my opinion, nothing less, nothing more; this was written with the utmost concern of the community in mind and no disrespect was intended.
donator
Activity: 1654
Merit: 1351
Creator of Litecoin. Cryptocurrency enthusiast.
You charged people money for something, gave them something else then claimed ignorance and washed your hands... frankly it was your business failure not theirs.  Your logic makes about as much sense as asking your supplier for refunds when buyer don't pay.  If your supplier was shady, that is your loss to take, not your honest paying customers...

Anyways, I luckily didn't get scammed by you, my concern is that you don't seem like a very good name to be managing the 2 domains of a new coin.

If you care about the litecoin community then you should disassociate your name from it, doesn't instill much trust having a scammer representing us.

I do not manage the Litecoin domain names. They are managed by coblee, and it was his decision to point them at my servers.

terrytibbs has done more for Litecoin than most people. He designed the webpage and set up the wiki and offered to host the webpages. The fact that he has a disagreement with his customers over a previous dealing has no effect on whether or not he can design a great webpage or host the webpage. Given the amount of time he's put into the project, I trust him.

And the worst he can do is basically put a malware binary as the link to the Litecoin client download. If there's any signs of that, I will definitely switch to a different host.

Note: It really shows you his character when terrytibbs continue to post with his original account. Most scammers will just create a new account and continue to scam others.
newbie
Activity: 14
Merit: 0
For those who don't realise it, it is straight forward to work out how long the expected average time to get a block its.

Firstly, however, it is of course an expected average time, not an expected time.
Meaning that if you got say 1 million blocks, then your average time per block should be close to the calculated value, however, for only a few blocks, the average can vary immensely.
According to the Law of Large Numbers, the more blocks you get the closer the average should be to the expected average time.

Anyway, the expected average number of hashes to find a block is 2^32 * difficulty.
At the moment that is: 2^32 * 0.16800443 or 721,573,532 hashes.

So if you hash at 1kh/s your expected average time to find a block will be ~200 hours.
If you hash at 10kh/s your expected average will be ~20 hours.
If you hash at 100kh/s then your expected average will be ~2hours.
etc.
Where did you get the 2^32 from?
legendary
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
For those who don't realise it, it is straight forward to work out how long the expected average time to get a block its.

Firstly, however, it is of course an expected average time, not an expected time.
Meaning that if you got say 1 million blocks, then your average time per block should be close to the calculated value, however, for only a few blocks, the average can vary immensely.
According to the Law of Large Numbers, the more blocks you get the closer the average should be to the expected average time.

Anyway, the expected average number of hashes to find a block is 2^32 * difficulty.
At the moment that is: 2^32 * 0.16800443 or 721,573,532 hashes.

So if you hash at 1kh/s your expected average time to find a block will be ~200 hours.
If you hash at 10kh/s your expected average will be ~20 hours.
If you hash at 100kh/s then your expected average will be ~2hours.
etc.
hero member
Activity: 774
Merit: 500
Lazy Lurker Reads Alot
Been mining for over 16 hours and no coins yet. Running mined and connecting to the client. No error messages. Approx 2x3000khash.

Also, the exchange needs a manual price... not sure what price to ask. Says 'insufficient funds' though there are funds and only one order that does not amount to more than the funds available
well i have been mining a short time now and some days indeed you get unlucky and won't find a block
but i made in 7 days 7 blocks divided in 4 times 1 block and one day 2 blocks received so per 24 hours about 1 block
now i have some more power at it i think cause i have 3 x 9000 khash and 2 x 14000 khash running
so i guess you probably need to be a bit more patient Smiley
do not forget that it can happen quick or slow even for me, because i think getting a block in 2 to 3 days is normal with my power

hero member
Activity: 560
Merit: 501
Lol someone is DDOSing litecoin.org in order to suppress the price.

There is a bright future thanks to those people  Cheesy
This is incorrect. I am merely having server problems because of unrelated projects.
Oh sorry for the wrong assumption then.
When will it be back?
I hope to have the current server back up in 24 hours at most, with the new one coming in two or three days.

Why are you labeled a scammer?
I am in disagreement with the board admins over a business decision of mine not to refund customers when one of my suppliers went behind my back chargebacking goods I was reselling.

That doesn't make sense... how could a supplier do a chargeback on you when your the one buying the items from them?  You can't chargeback a physical item or a service, a chargeback is exactly that, a charge which is reversed. Can you explain what your talking about and also how this affected your customers, and why they were at fault?
I am not going to be discussing this in this thread.
Please investigate and ask questions in the following threads:
https://bitcointalksearch.org/topic/wts-3-month-spotify-premium-gift-codes-15btc-promotion-43699
https://bitcointalksearch.org/topic/spotify-premium-scammer-terrytibbs-47551

Thank you.


You charged people money for something, gave them something else then claimed ignorance and washed your hands... frankly it was your business failure not theirs.  Your logic makes about as much sense as asking your supplier for refunds when buyer don't pay.  If your supplier was shady, that is your loss to take, not your honest paying customers...

Anyways, I luckily didn't get scammed by you, my concern is that you don't seem like a very good name to be managing the 2 domains of a new coin.

If you care about the litecoin community then you should disassociate your name from it, doesn't instill much trust having a scammer representing us.

I do not manage the Litecoin domain names. They are managed by coblee, and it was his decision to point them at my servers.
member
Activity: 98
Merit: 10
Feedback: +6
Lol someone is DDOSing litecoin.org in order to suppress the price.

There is a bright future thanks to those people  Cheesy
This is incorrect. I am merely having server problems because of unrelated projects.
Oh sorry for the wrong assumption then.
When will it be back?
I hope to have the current server back up in 24 hours at most, with the new one coming in two or three days.

Why are you labeled a scammer?
I am in disagreement with the board admins over a business decision of mine not to refund customers when one of my suppliers went behind my back chargebacking goods I was reselling.

That doesn't make sense... how could a supplier do a chargeback on you when your the one buying the items from them?  You can't chargeback a physical item or a service, a chargeback is exactly that, a charge which is reversed. Can you explain what your talking about and also how this affected your customers, and why they were at fault?
I am not going to be discussing this in this thread.
Please investigate and ask questions in the following threads:
https://bitcointalksearch.org/topic/wts-3-month-spotify-premium-gift-codes-15btc-promotion-43699
https://bitcointalksearch.org/topic/spotify-premium-scammer-terrytibbs-47551

Thank you.


You charged people money for something, gave them something else then claimed ignorance and washed your hands... frankly it was your business failure not theirs.  Your logic makes about as much sense as asking your supplier for refunds when buyer don't pay.  If your supplier was shady, that is your loss to take, not your honest paying customers...

Anyways, I luckily didn't get scammed by you, my concern is that you don't seem like a very good name to be managing the 2 domains of a new coin.

If you care about the litecoin community then you should disassociate your name from it, doesn't instill much trust having a scammer representing us.
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