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Topic: Is Charlie Lee just lazy? - page 2. (Read 3013 times)

newbie
Activity: 70
Merit: 0
March 01, 2017, 12:51:16 PM
#28
LTC has no future because of poor development.
So bitcoin have no future too? Because litecoin is a bitcoin carbon copy?

Litecoin is just a copy of bitcoin, so people will use bitcoin.
full member
Activity: 126
Merit: 100
March 01, 2017, 09:39:34 AM
#27
The market is speaking as investors are leaving in droves.
Price is stable, volume is stable.
Litecoin is a second most accepted coin in the Universe.
No other coin, especially centralised coins like ETH, can compete with litecoin real adoption.
Even wikileaks accepts litecoin (proof: https://shop.wikileaks.org/donate#dlitecoin)
Call me when ethereum premine will have some real adoption besides pockets of manipulators and crooks.
hero member
Activity: 1098
Merit: 500
February 27, 2017, 11:12:49 AM
#26
The market is speaking as investors are leaving in droves.
member
Activity: 84
Merit: 10
The truth is out there
February 27, 2017, 11:00:58 AM
#25
LTC is good at what it is supposed to be. A currency, cheaper than BTC, used for daily transactions. I dont know if it can do other things also, i know that it is better to do one thing great that many things good.
full member
Activity: 126
Merit: 100
February 27, 2017, 09:57:35 AM
#24
bitcoin has no development because of litecoin has no development?

Why do you think bitcoin and litecoin has no development? Bitcoin has best team of experienced programmers, no ETH, monero or any other altcoin dev team can be compared with bitcoin developers. Not even close, you silly.
Litecoin developers implement all features of bitcoin, so Litecoin and Bitcoin both has top technology inside their software.

For example, Litecoin Core v0.13.2 release come with next updates:

Quote
    Segregated Witness - to allow for greater transaction output and mitigation of transaction malleability.
    Hierarchical Deterministic wallets - Litecoin Core will support hierarchical deterministic wallets also known as HD wallets.
    Faster signature validation using the libsecp256k library developed by Bitcoin Core developers.
    Wallet pruning to reduce block size storage.
    Memory usage improvements including better mempool filtering of transactions.
    Inbuilt Tor control socket API support if Tor is running and also stream isolation for Tor communication.
    Functionality to reduce upload traffic.
    ZMQ support - ZeroMQ is a high performance asynchronous messaging library, aimed at use in distributed concurrent connections. Litecoin will support ZMQ for broadcasting block and transaction data.
    Obfuscated blockchain data - Several antivirus applications detect the Litecoin stored blockchain data as a malware threat. Litecoin 0.13 will obfuscate the blockchain data to rid these false positives.

This update will also see the inclusion of several BIPs which can be seen below;

    BIP9 - This BIP allows multiple soft fork changes to be deployed in parallel.
    BIP32 - This BIP allows Litecoin Core to support hierarchical deterministic wallets.
    BIP68 - This BIP allows relative locktime enforcement through sequence numbers.
    BIP111 - This BIP extends BIP 37, Connection Bloom filtering, by defining a service bit to allow peers to advertise that they support bloom filters explicitly. It also bumps the protocol version to allow peers to identify old nodes which allow bloom filtering of the connection despite lacking the new service bit.
    BIP112 - This BIP is a proposal to redefine the semantics used in determining a time-locked transaction's eligibility for inclusion in a block. The median of the last 11 blocks is used instead of the block's timestamp, ensuring that it increases monotonically with each block.
    BIP113 - This BIP describes a new opcode (CHECKSEQUENCEVERIFY) for the Litecoin scripting system that in combination with BIP68 allows execution pathways of a script to be restricted based on the age of the output being spent.
    BIP130 - This BIP adds a new message, "sendheaders", which indicates that a node prefers to receive new block announcements via a "headers" message rather than an "inv".
    BIP133 - This BIP adds a new message “feefilter”, which serves to instruct peers not to send “inv”s to the node for transactions with fees below the specified fee rate.
    BIP141 - This BIP defines a new structure called a “witness” that is committed to blocks separated from the transaction merkle tree.
    BIP143 - This BIP contains the logic for signature verification for version 0 witness program.
    BIP144 - This BIP contains the logic for new messages and serialization formats for propagation of transactions and blocks committing to segregated witness structures.
    BIP147 - This BIP contains changes to the transaction validity rules to fix a malleability vector.
    BIP152 - This BIP add compact block relay to reduce the bandwidth required to propagate new blocks.


As a bonus, unlike Bitcoin, Litecoin can also process transactions. So, basically, bitcoin + transactions = litecoin. Litecoin - transactions = bitcoin.

They both share top-level codebase, best security, best distribution, while litecoin also can process more transactions due to bigger block size and faster block generation.

Your assertion of litecoin having no development is highly inaccurate. Educate yourself.
hero member
Activity: 588
Merit: 501
February 27, 2017, 09:00:31 AM
#23
LTC has no future because of poor development.
So bitcoin have no future too? Because litecoin is a bitcoin carbon copy?

what logic is this, you said that bitcoin has no future because they made a copy of it? it's the opposite litecoin has no future because it's a copy, and bitcoin have only the block size problem nothign else, full anonimity isn't a good thing, go look at monero problem when they send money to someone and that someone can easily say that money are not arrived, because there is now ay to prove it

Oк. The claim of poor development in Litecoin is a obvious lie, since litecoin adopted all recent innovations of Bitcoin including SegWit. So, when someone claim litecoin have no future because of poor development he basically says bitcoin has substandard development too. I agree on anonimity thing: bitcoin privacy level is fine, internal mixing of shadowcash or monero or dash only made blockchain bigger, transactions more complicated and basically unnecessary overkill.

Like Ayers said, your logic is confused, how do you think bitcoin has no development because of litecoin has no development? I don't get your logic at all. Bitcoin is the prototype of crypto currency and its tech is the best, litecoin is a simple clone of bitcoin. Litecoin doesn't always update the codebase if bitcoin has general improvement.
hero member
Activity: 1098
Merit: 500
February 27, 2017, 08:48:22 AM
#22
I think LTC needs to keep with the safe and sound approach. One good thing is LTC is trusted because they have not tried all these new cockamamie tech ideas that crashed and burned and failed like ETH DOA. So what I propose is they take the coin tech that has had time to get all the bugs worked out and implement that.

Spoetnik don't be so angry that people speculate. Its what drives this market. It would be nothing without crypto investors speculating and purchasing. You are right a lot of the times with calling out the evil in crypto but this is LTC. I think most LTC investors are a different type. Smiley
hero member
Activity: 728
Merit: 500
February 27, 2017, 08:21:00 AM
#21
Why has the development been so lazy? They had the golden goose at one time. One of the fairest launches in crytpto and the number 2 spot to bitcoin. Just to see it all slip away as the competition continued to innovate. There has been nothing done to improve the coin and as it slips and slips down the charts you hear nothing other then Segwit implementation that nobody wants apparently. Its a shame. Eth had the fork problem which presented the perfect opportunity for Litecoin to return to the top. Dash was smart and did what should be done. But with the premine in the beginning.......

Here is the developers wallet from the ETH foundation:

https://etherchain.org/account/0xde0b295669a9fd93d5f28d9ec85e40f4cb697bae#txsent you can see they just cashed in close to another 1 million US recently. Based on History you can guess their burn rate. Don't forget to factor in all the ETC they sold off. I'm figuring around 750K to 1 million US a month.

You already know about the premine for Dash so same story there. Holding lots of coins.

Then there is LTC, a totally fair launch and Charlie mined just like everyone else on his single CPU. Most of the LTC he owns he purchased on an exchange. I read somewhere that he recently received a single ASIC.

You're comparing millions of dollars for development or an unfair launch to something totally different. Feel free to donate funds for LTC development or the LTC association. The fact that you started this thread suggests you care. I mean if you care.

full member
Activity: 126
Merit: 100
February 27, 2017, 07:26:41 AM
#20
LTC has no future because of poor development.
So bitcoin have no future too? Because litecoin is a bitcoin carbon copy?

Do you understand what carbon copy means?

Bitcoin development team is the best in the space, blockstream which is a part of Bitcoin core is siting on $75 million investment unlike Litecoin, Bitcoin is miles ahead of any ALtcoins interms of development

Good for them. Yet, unlike bitcoin, altcoins can do fast transactions. So, Litecoin can do everything Bitcoin can do + actually process transactions.
full member
Activity: 126
Merit: 100
February 27, 2017, 07:17:38 AM
#19
LTC has no future because of poor development.
So bitcoin have no future too? Because litecoin is a bitcoin carbon copy?

what logic is this, you said that bitcoin has no future because they made a copy of it? it's the opposite litecoin has no future because it's a copy, and bitcoin have only the block size problem nothign else, full anonimity isn't a good thing, go look at monero problem when they send money to someone and that someone can easily say that money are not arrived, because there is now ay to prove it

Ок. The claim of poor development in Litecoin is a obvious lie, since litecoin adopted all recent innovations of Bitcoin including SegWit. So, when someone claim litecoin have no future because of poor development he basically says bitcoin has substandard development too. I agree on anonimity thing: bitcoin privacy level is fine, internal mixing of shadowcash or monero or dash only made blockchain bigger, transactions more complicated and basically unnecessary overkill.
legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
February 27, 2017, 07:09:15 AM
#18
Charlie Lee now works for Coinbase (has been there for several years), and his day job is more important than what happens to Litecoin.
hero member
Activity: 630
Merit: 500
February 27, 2017, 06:25:23 AM
#17
LTC has no future because of poor development.
So bitcoin have no future too? Because litecoin is a bitcoin carbon copy?

Do you understand what carbon copy means?

Bitcoin development team is the best in the space, blockstream which is a part of Bitcoin core is siting on $75 million investment unlike Litecoin, Bitcoin is miles ahead of any ALtcoins interms of development
sr. member
Activity: 728
Merit: 251
February 27, 2017, 06:17:49 AM
#16
such as whether you want to see development
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
February 27, 2017, 06:00:59 AM
#15
LTC has no future because of poor development.
So bitcoin have no future too? Because litecoin is a bitcoin carbon copy?

what logic is this, you said that bitcoin has no future because they made a copy of it? it's the opposite litecoin has no future because it's a copy, and bitcoin have only the block size problem nothign else, full anonimity isn't a good thing, go look at monero problem when they send money to someone and that someone can easily say that money are not arrived, because there is now ay to prove it
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
February 27, 2017, 05:04:23 AM
#14
...

Smart people will of course do their homework so carry on.. think what you want.

you sound salty af  Roll Eyes I like LTC but am disappointed in the progress of the coin and I see potential in the reputation of the brand LTC. Now if the dev team would just be competitive with the rest of the industry, That'd be great  Wink

Maybe Charlie has his hands full with the IRS inquiry and LTC is the least of his worries at the moment. who knows

Nope just pointing out here most people are noobs or deceitful idiots.
Case in point the comment right before yours.. claiming LTC is a "carbon copy" of Bitcoin.
A blatant lie.
Or.. rank obscene stupidity on a colossal scale.

I hate to break it to ya guys here but your fucking Investarded.

Salty ?
WTF does that have to do with the situation ?
Morons lining up to claim LTC failed because he didn't keep fucking with the code ?
You guys are retarded.
LTC was a reaction to make mining with SCRYPT to avoid ASICS.
A bitcoin reboot with an attempt at making it more fair to mine for the little guy.
Translation.. morons show up here years later say it's a carbon copy of Bitcoin and it's a failed scam.

The REAL question is.. should the algo have been changed long ago ?
Why would you when 1,000 coins copied it and it's in high demand ?
And in case you didn't notice this "failed" coin is #5 at CoinMarketCap (above Monero)

The real problem is what i just said.. the users are kidiots.
AND.. they only came here to profit.. not "invest"
A currency that works is of no interest to the profiteers here.
And you can tell who is who by their profiteer coin price babble and chanting for code changes and road maps.. for a working currency.

All they care about is what next.. what have you done for me lately ? When do YOU make me rich ?
Chop Chop i'm waiting and i got Lambo's to buy DAMMIT !

You know you guys really do not belong here.
There should be two forums.. Bitcointalk.org and ProfiteerTalk.org
Those of you that are whiny sleazy little idiots counting Polo ROI's can go fuck off and GTFO of my scene.
Crypto supporters are here talking kidiots.. pipe down and you may learn something.

Oh and by the way i have 0 respect for idiots who deliberately look for "pumped" coins to profit off of.
That shows me you are the lowest common denominator of intelligence here and have 0 trade skills.
Rats looking for crumbs..
Smart people know where the pump will be ahead of time and they call it "Adoption"
Natural growth ? Spoetnik WTF is that  Shocked i am scared  Cry

An army of Investards bumbling around like fools playing catch up with market manipulators is.. utterly worthless.
Nothing personal but i have no respect for your type.
You contribute nothing to crypto in general.. and are here simply to suck money from the system.
Vultures / Vampires.

We have plenty.. it's about time we get some SUPPORTERS.
A proper grass roots supporter would be USING it and getting others to use it.
So..
What has Litecoin done for you snotty little shits ? no..
What HAVE YOU DONE FOR LITECOIN ?

If a dev(s) make a currency it is then your job to get it used.
If it does not don't come crying later about a lack of a road map etc.
copper member
Activity: 2898
Merit: 1465
Clueless!
February 27, 2017, 03:25:58 AM
#13
He just has bigger fish to fry..from what I understand most of his fortune is now in BTC anyway.

My concern has always been the lack of asking questions......what do you guys want from LTC....is there some innovation we can add?

just the months w/o any news at all in the past...shows if not being lazy..just a lasse fare I don't care attitude

you can only ride on btc coat tails so long imho...right now LTC looks like it is going the way of Scrypt-N coins...lots of mining briefly

blew up the coin....down to worthlessness..lots of pow scrypt miners now trying to mine LTC but no price support nor development support

and other alts competing now vs 2013-2015...not a good group of actions/options to bounce up from in use and or price

does not bode well, but I guess it makes sense if the devs are not excited about LTC then it is hard to get a base/group of others to embrace LTC

my 2 ltc's worth
hero member
Activity: 1098
Merit: 500
February 27, 2017, 03:08:13 AM
#12
None of you seem to have any clue what is going on in the slightest.
Most of you are spreading made up bullshit and have no i idea why it was even made.
You *could* FUD Litecoin if you wanted to but you are brain dead idiots and doing it wrong..
If you had half a brain you would have bashed the coin for it not CONTINUING to be ASIC resistant.

Morons who think they are "investors" in crypto are the stupidest people in crypto.
They cry SCAM and pull out their pitch-forks if a coin is not constantly being changed with code.

Like a piece of art that the people in the museum bash because the painter isn't there re-doing it.

You all love to chant conspiracy with govt's handing us disinformation a lot.
You do it ..not them.
The users here post lies 24/7 about any & all coins.
Probably to "FUD" as you like to call it to affect market prices.
A time honored tradition that existed before this forum..

Smart people will of course do their homework so carry on.. think what you want.

you sound salty af  Roll Eyes I like LTC but am disappointed in the progress of the coin and I see potential in the reputation of the brand LTC. Now if the dev team would just be competitive with the rest of the industry, That'd be great  Wink

Maybe Charlie has his hands full with the IRS inquiry and LTC is the least of his worries at the moment. who knows
full member
Activity: 126
Merit: 100
February 27, 2017, 02:50:25 AM
#11
LTC has no future because of poor development.
So bitcoin have no future too? Because litecoin is a bitcoin carbon copy?
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
February 27, 2017, 01:46:31 AM
#10
None of you seem to have any clue what is going on in the slightest.
Most of you are spreading made up bullshit and have no i idea why it was even made.
You *could* FUD Litecoin if you wanted to but you are brain dead idiots and doing it wrong..
If you had half a brain you would have bashed the coin for it not CONTINUING to be ASIC resistant.

Morons who think they are "investors" in crypto are the stupidest people in crypto.
They cry SCAM and pull out their pitch-forks if a coin is not constantly being changed with code.

Like a piece of art that the people in the museum bash because the painter isn't there re-doing it.

You all love to chant conspiracy with govt's handing us disinformation a lot.
You do it ..not them.
The users here post lies 24/7 about any & all coins.
Probably to "FUD" as you like to call it to affect market prices.
A time honored tradition that existed before this forum..

Smart people will of course do their homework so carry on.. think what you want.
hero member
Activity: 868
Merit: 500
February 27, 2017, 12:37:56 AM
#9
I think he is lazy, he had a great idea initial of being silver to Bitcoin Gold, but fail to come up with great development to sustain the initial success, can what is happening now, Litecoin is being used as a testnet for SegWit. If Litecoin failed to differentiate itself from Bitcoin soon it will go the way of Dogecoin
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