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Topic: [ANN][LCC] Litecoin Cash | SHA256 LTC fork @ block 1371111 | 10:1 claim ratio - page 99. (Read 56925 times)

legendary
Activity: 1241
Merit: 1005
..like bright metal on a sullen ground.
Having LTC in paper cold storage should be fine right? And I can get the LCC later?

Yes. Any method works as long as you have the private keys for the address the LTC is in when block 1371111 is created. I think even a ledger nano could be used by re-generating the private key from the seed words (although that would be a really bad method to claim LCC  Smiley)
member
Activity: 350
Merit: 10
I was reading about this LTC's fork on social media till now as it has been controversial already. But after seeing few posts above where someone raised question of premine of 1% this nailed this fork with this. It has gone before come into existence if that is true. Being first fork of LTC it could see some appreciation but those chances are gone for good now.
Litecoin is a very good and potential altcoin. I am keeping quite a lot of LTC and are waiting to receive the LCC. If LCC had the potential I would also invest in it because I believed in LTC DEV team knowing how to build their crypto cores to thrive.
newbie
Activity: 12
Merit: 0
member
Activity: 952
Merit: 17
raskul
What is the advantage of switching scrypt to sha-256? Also, LCC can't propagate the idea that it's superior to Litecoin, if that is clear, Litecoin Cash, welcome, of course, I'll participate! Will the LCC price be something like $10 to $25?

I'm not convinced it'll take any hashpower off BTC at all if i'm being honest. I will mine with old tech to get some LCC while the network is quiet but i won't be holding the LCC network up for any length of time... I get free power for my miners so any BTC is profit in my eyes... LCC probably start under $10... more likely under $5... from there it depends on the abilities of the development team and their marketing strategy. Can't see it ever getting anywhere near prices of BitcoinCash.
sr. member
Activity: 1149
Merit: 347
What is the advantage of switching scrypt to sha-256? Also, LCC can't propagate the idea that it's superior to Litecoin, if that is clear, Litecoin Cash, welcome, of course, I'll participate! Will the LCC price be something like $10 to $25?
newbie
Activity: 75
Merit: 0
i have my litecoin in exodus wallet, will that be ok or does it have to be another wallet??
full member
Activity: 233
Merit: 100
Having LTC in paper cold storage should be fine right? And I can get the LCC later?
copper member
Activity: 79
Merit: 10
Official LitecoinCash account
Hi all, the poor counter exploded! We've put the website into static mode, which means you don't see the dynamic fork countdown, but current estimate is that LTC block 1371111 will happen around 20:45 (UTC), Sunday 18 Feb.
newbie
Activity: 59
Merit: 0
The practice of stealing coin names and benefiting from other people's work has become a widely understood convention? Cheesy
You can't steal something that is free! Because it is free. Does "open source" ring any bell?
member
Activity: 140
Merit: 10
I was reading about this LTC's fork on social media till now as it has been controversial already. But after seeing few posts above where someone raised question of premine of 1% this nailed this fork with this. It has gone before come into existence if that is true. Being first fork of LTC it could see some appreciation but those chances are gone for good now.
newbie
Activity: 59
Merit: 0
Every time real fork is created like BCH it is never created by MAIN team. Fork is created by team - that wants to change/innovate/fix coin that gets changed.
I would be abolutely shocked if LTC main team would be forking LTC. Main team doesn't need to FORK anything becouse they are in charge of blockchain anyway. If they would like to "fork it" they would say - since block 12345678 we are changing this and this, please adopt, ppl not adopting will be use new forked chain. So it is almost impossible for MAIN team to fork their coin, unless they intentionaly want to create 2 coins, as it was with ETH and new ETH/ETC
newbie
Activity: 49
Merit: 0
is it an official fork from litecoin dev?

No, and the team has been quite up front about that.

The premine is the only thing that bothers me about this. Depending on how it's used, it might turn out ok. If, as a previous poster posited, they just dump it, then it will go nowhere.

ok thanks for your answer
legendary
Activity: 1241
Merit: 1005
..like bright metal on a sullen ground.

Thank you for the detailed explanation! If it isn't obvious that I'm new to this, it will become evident shortly.  Embarrassed I sincerely appreciate your patience in advance.

I recently purchased some LTC via Coinbase to start learning the process, industry, exchanges, etc. It wasn't motivated by this Litecoin Cash announcement, so this LCC interruption to my learning is a 'deep end of the pool' exercise for me, hoping I don't f*$k it up.

I installed the official Litecoin Core wallet and 'sent' LTC from Coinbase to my LTC Core wallet, and then back to Coinbase. Everything worked and I felt a little more confident that I could still learn stuff. I purchased a little more LTC from Coinbase then moved it to the Coinbase Vault. I don't have access to private keys in the Coinbase Vault but can move it to a wallet after a 48-hour request delay (for security reasons). Based on the recent fork block estimates, I don't have 48 hours available to get my coins moveable before the LCC forks. Are my purchases and movements already in the blockchain sufficient to claim the LCC when it forks or am I screwed? If screwed, then I've learned, I will still have my LTC, and it hopefully won't turn into a missed opportunity to retire early (not that I don't wish all of you the best!  Cheesy) Thanks for any input/responses.

You have to get your LTC into an address with private keys you control, so it can sit there during the creation of block 1371111 (you can check here: https://live.blockcypher.com/ltc/).

Unfortunately, yes you are "screwed" if you can't do that, but as you said, consider it a learning experience  Wink



newbie
Activity: 84
Merit: 0
only six years til launch...
Code:
Litecoin fork block: 1371111
Litecoin blocks left until fork: 1371111
Expected fork time: 06:36:24, Sun 25 August 2024 (UTC)

https://i.imgur.com/Ezt34qd.png

Sweet - more time to mine more LTC
member
Activity: 952
Merit: 17
raskul
only six years til launch...
Code:
Litecoin fork block: 1371111
Litecoin blocks left until fork: 1371111
Expected fork time: 06:36:24, Sun 25 August 2024 (UTC)

member
Activity: 952
Merit: 17
raskul
Party is starting early





ocminer ??   Suprnova ??

it wouldn't be a fair launch proper shitcoin unless someone opened up a pool early  Tongue


Just pre drinks and fun brother  Wink

well do share...
legendary
Activity: 1311
Merit: 1003
Party is starting early





ocminer ??   Suprnova ??

it wouldn't be a fair launch proper shitcoin unless someone opened up a pool early  Tongue


Just pre drinks and fun brother  Wink
newbie
Activity: 16
Merit: 0
@olkah I completely agree. Until we release the wallet, until we have hashpower support, LCC is absolutely unproven. I can promise that the wallet will be released as soon as possible after the fork block, and that we will have at least one pool available at the same time.

Two pools would be better than one, and three would be better than two. The more distributed our hashpower, the better. If you're interested in setting up a pool, please do come and make contact via Discord or email Smiley

Contacted you and other Dev on Discord. Please assist.
Thanks
~P
full member
Activity: 560
Merit: 128
When and on which exchanges and in what purses will this fork be produced? Where can I get it? How official is it?
newbie
Activity: 4
Merit: 0
Excellent video on how to prepare your coins for the fork:

https://www.youtube.com/watch?v=S-raVquA_zQ


Only thing I'd change, for extra security, is waiting until after you've move the coins 'out' of the temp wallet and back to the main wallet (post-fork) to extract your keys.



This video is way too complicated. Just need a few steps

Quick version:
1. Before the fork put all your ltc in password protected wallet.dat
2. After the fork send all your ltc to an empty password protected wallet.dat
3. Replace the wallet.dat in the lcc offical client with the old wallet.dat
Profit!



Long Version:

Before the fork:
1. Download ltc official client
2. Password protect your wallet in the ltc client
3. Send all your ltc to the ltc official client
4. backup your wallet.dat file from the ltc offical client to a thumb drive. Call it lccwallet.dat


After the fork:
5. Shut down the ltc official client.
6  Delete your wallet.dat from your computer
7. Restart the ltc official client to make a new empty wallet.dat, password protect it. Different password.
8. Backup this new wallet.dat file from the ltc offical client to a thumb drive. Call it ltcwallet.dat
9. Copy the receive address to a text file. Let's call this
9. Shut down ltc official client.
10. Delete wallet.dat from you computer and replace it with lccwallet.dat
11. On your computer rename the lccwallet.dat to wallet.dat
11. Restart the ltc official client to load the renamed lccwallet.dat(This wallet should have all your ltc)
12. Send all you ltc to the receive address you wrote down in Step 9.
14. Shutdown ltc official client
15. delete wallet.dat from your computer

Now all the preparation is down.
16. Download lcc official client
17. Start it up
18. Find where it stores its wallet.dat
19. Shut it down
20. Delete the wallet.dat it created
21. Replace it with lccwallet.dat
22. On your computer rename the lccwallet.dat to wallet.dat
23. Restart you lcc offiical client
24. See all your lcc in the client.

At this point all your ltc is now in the ltcwallet.dat and you lcc in lccwallet.dat


Thank you for the detailed explanation! If it isn't obvious that I'm new to this, it will become evident shortly.  Embarrassed I sincerely appreciate your patience in advance.

I recently purchased some LTC via Coinbase to start learning the process, industry, exchanges, etc. It wasn't motivated by this Litecoin Cash announcement, so this LCC interruption to my learning is a 'deep end of the pool' exercise for me, hoping I don't f*$k it up.

I installed the official Litecoin Core wallet and 'sent' LTC from Coinbase to my LTC Core wallet, and then back to Coinbase. Everything worked and I felt a little more confident that I could still learn stuff. I purchased a little more LTC from Coinbase then moved it to the Coinbase Vault. I don't have access to private keys in the Coinbase Vault but can move it to a wallet after a 48-hour request delay (for security reasons). Based on the recent fork block estimates, I don't have 48 hours available to get my coins moveable before the LCC forks. Are my purchases and movements already in the blockchain sufficient to claim the LCC when it forks or am I screwed? If screwed, then I've learned, I will still have my LTC, and it hopefully won't turn into a missed opportunity to retire early (not that I don't wish all of you the best!  Cheesy) Thanks for any input/responses.
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