Litecoin implementing confidential transactions - page 4.

smoothie

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Quote from: ArticMine on September 19, 2016, 04:09:45 PM

It is a start for Litecoin, but Litecoin is going to have to deal with its effective 4 MB blocksize limit every 10 min.

This is assuming there isn't a repeat of the ETH/ETC fiasco.

I find it odd that after several years of the claim that "Litecoin does not need development" there is now an attempt to include privacy enhancing features. What happened?

Why the change of heart?

Block size limit is an issue, but so is not having a tail emission to incentivize miners after block rewards hit 0.

ArticMine

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Quote from: shyliar on September 19, 2016, 04:30:25 PM

Quote from: ArticMine on September 19, 2016, 04:09:45 PM

It is a start for Litecoin, but Litecoin is going to have to deal with its effective 4 MB blocksize limit every 10 min.

According to the roadmap the release coming in the next couple of months doesn't include a change to that limit. It does state that they are investigating a flexcap block size limit. Based on other statements the intention is to scale LTC upwards utilizing various methods.

https://litecoinassociation.org/data/roadmap.pdf

I read the roadmap, and yes Litecoin looking at a flexible blocksize limit is very encouraging. I will very interested to see what comes out of this. The only viable long term solutions that I have seen for a flexible blocksize limit also require a tail emission. That being said this does not mean, I have a proof that a long term solution for a flexible blocksize limit without a tail emission is not possible.

bitcoinlitcoinbtcltc

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Litecoin shitiest coin of them all.

This coin has no future. I don't expect it will be able to hold $3.8 before end of September. Big crash coming soon.

This shit coin just needs to fucking DIE already.

HarryKPeters

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Quote from: ArticMine on September 19, 2016, 04:09:45 PM

It is a start for Litecoin, but Litecoin is going to have to deal with its effective 4 MB blocksize limit every 10 min.

LItecoin faces way more challanges then that. The simple announcement and 1 feature developed doesn't mean it will go back to the good old days. Those days are over forever.
At best it can hope to have an semi active community with a few pumps and dumps so now and then.

shyliar

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Quote from: ArticMine on September 19, 2016, 04:09:45 PM

It is a start for Litecoin, but Litecoin is going to have to deal with its effective 4 MB blocksize limit every 10 min.

According to the roadmap the release coming in the next couple of months doesn't include a change to that limit. It does state that they are investigating a flexcap block size limit. Based on other statements the intention is to scale LTC upwards utilizing various methods.

https://litecoinassociation.org/data/roadmap.pdf

ArticMine

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It is a start for Litecoin, but Litecoin is going to have to deal with its effective 4 MB blocksize limit every 10 min.

eaLiTy

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Have Fun )@@( Stay Safe

this is wonderful news for litecoin,i want to see the price of litecoin surge to new levels,was wondering what the development team was doing since the price was stable for a very long time,hope these developments will make a change .

vlom

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Quote from: dwgscale11 on September 19, 2016, 07:47:25 AM

Word from Xinxi core dev for litecoin, and charlie lee himself. This is finally a step forward for the sleeping giant Litecoin

https://www.reddit.com/r/litecoin/comments/53c0v6/confidential_transaction_for_litecoin/

i dont understand the tech. but if they really will implement an anon-feature in LTC then this will be huge. i am thinking about changing all my BTC into LTC.

BTW: price already started to rise. is it time to buy the news?

Pursuer

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at first I thought what a bad idea, just like others on this topic but reading the post on reddit I think this can actually work and be a good thing for litecoin. especially since it only needs a soft fork.

although I am not pretending to understand the technique they want to implement, for that I have to read more about this "Pedersen commitment" but I think this can be a good step forward for litecoin to stop being just a clone of bitcoin with faster confirmation!

dwgscale11

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Quote from: spartak_t on September 19, 2016, 09:20:05 AM

Quote from: dwgscale11 on September 19, 2016, 09:10:41 AM

Quote from: spartak_t on September 19, 2016, 09:06:47 AM

Quote from: dadon on September 19, 2016, 08:34:03 AM

LTC is just lucky it was the first coin to clone BTC

So much with your knowledge about history of cryptocurrencies.

On topic. I don't like the idea...

If you don't mind me asking, what is there not to like?

Don't get me wrong, I always liked Litecoin. But I think that anonymous coins has no real future, because authorities will prosecute them sooner or later. A true anonymous cryptocurrency will have future if it is a state currency.

If the LTC anonymity is optional (i.e. to be able to choose if you can use it or not), then it's good.

That's just my opinion though...

Yes, confidential transactions would be an option. Some places need transparent transactions for example to track the transactions of some nonprofit organizations.

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Quote from: dwgscale11 on September 19, 2016, 09:10:41 AM

Quote from: spartak_t on September 19, 2016, 09:06:47 AM

Quote from: dadon on September 19, 2016, 08:34:03 AM

LTC is just lucky it was the first coin to clone BTC

So much with your knowledge about history of cryptocurrencies.

On topic. I don't like the idea...

If you don't mind me asking, what is there not to like?

Don't get me wrong, I always liked Litecoin. But I think that anonymous coins has no real future, because authorities will prosecute them sooner or later. A true anonymous cryptocurrency will have future if it is a state currency.

If the LTC anonymity is optional (i.e. to be able to choose if you can use it or not), then it's good.

That's just my opinion though...

dwgscale11

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Quote from: spartak_t on September 19, 2016, 09:06:47 AM

Quote from: dadon on September 19, 2016, 08:34:03 AM

LTC is just lucky it was the first coin to clone BTC

So much with your knowledge about history of cryptocurrencies.

On topic. I don't like the idea...

If you don't mind me asking, what is there not to like?

spartak_t

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Quote from: dadon on September 19, 2016, 08:34:03 AM

LTC is just lucky it was the first coin to clone BTC

So much with your knowledge about history of cryptocurrencies.

On topic. I don't like the idea...

dwgscale11

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Quote from: dadon on September 19, 2016, 08:34:03 AM

Quote from: dwgscale11 on September 19, 2016, 08:28:17 AM

Quote from: dadon on September 19, 2016, 08:25:32 AM

LTC will do well in the long run anyway for the reason mentioned above maturity it's been up it's been down but it's still here that says there is confidence in it, that's what future investors will be looking for as things in the world get crazier.
I believe BTC LTC futures are set in stone at this point, a few other useful alts will also do well.

LTC will be stabilized with anon features utilized globally in the DNM's before any other new shitcoin shadowcoin.

it's shadowcash and it's over 2 years old with a smaller less funded development team and way more features then LTC.
LTC is just lucky it was the first coin to clone BTC that's what set it in stone the rise of BTC gathered a massive speculative community around it, nothing more then hype.
I't has no advantages over BTC anymore or shadowcash Kiss

The advantage is it's Litecoin not shadowcash that will never be used more than a speculative pump and dump to hell.
The advantage of confidential transactions on the LTC network over BTC is that it's actually able to handle the increase in resource demand coming from the confidential transactions. The LTC network can handle it. Also, the fee increase wont be nearly as substantial as opposed to btc.

https://bitcoinmagazine.com/articles/confidential-transactions-how-hiding-transaction-amounts-increases-bitcoin-privacy-1464892525

dadon

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Quote from: dwgscale11 on September 19, 2016, 08:28:17 AM

Quote from: dadon on September 19, 2016, 08:25:32 AM

LTC will do well in the long run anyway for the reason mentioned above maturity it's been up it's been down but it's still here that says there is confidence in it, that's what future investors will be looking for as things in the world get crazier.
I believe BTC LTC futures are set in stone at this point, a few other useful alts will also do well.

LTC will be stabilized with anon features utilized globally in the DNM's before any other new shitcoin shadowcoin.

it's shadowcash and it's over 2 years old with a smaller less funded development team and way more features then LTC.
LTC is just lucky it was the first coin to clone BTC that's what set it in stone the rise of BTC gathered a massive speculative community around it, nothing more then hype.
I't has no advantages over BTC anymore or shadowcash Kiss

NeuroticFish

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Actually X in front of the coin name make it compliant with some standards. But yeah, who cares of standards?
And Litecoin's news.. desperation or not, sound good. It's a step that Bitcoin is afraid to make. Because if Bitcoin will do that, all the discussions about XMR, DASH, SDC, zCash and others would be completely useless.

dwgscale11

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Quote from: dadon on September 19, 2016, 08:25:32 AM

LTC will do well in the long run anyway for the reason mentioned above maturity it's been up it's been down but it's still here that says there is confidence in it, that's what future investors will be looking for as things in the world get crazier.
I believe BTC LTC futures are set in stone at this point, a few other useful alts will also do well.

LTC will be stabilized with anon features utilized globally in the DNM's before any other new shitcoin shadowcoin.

dadon

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Pecvniate obedivnt omnia.

LTC will do well in the long run anyway for the reason mentioned above maturity it's been up it's been down but it's still here that says there is confidence in it, that's what future investors will be looking for as things in the world get crazier.
I believe BTC LTC futures are set in stone at this point, a few other useful alts will also do well.

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Quote from: dadon on September 19, 2016, 08:11:21 AM

No offence but that seams like desperation, they can't think of anything else so they do the flavour of the month, not that it matters to me it's no threat to my investmenT.
Just reminds me of when MNR changed to XMR because XC was getting pumped thus starting the "add x to the start of your coins name because it sounds cooool" trend.

Ya i agree ..dumb idea that will back fire.

The idea is not working to well for the other ANON coins either

Never pander.. it's a death sentence.

dwgscale11

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Quote from: dadon on September 19, 2016, 08:11:21 AM

No offence but that seams like desperation, they can't think of anything else so they do the flavour of the month, not that it matters to me it's no threat to my investmenT.
Just reminds me of when MNR changed to XMR because XC was getting pumped thus starting the "add x to the start of your coins name because it sounds cooool" trend.

Coming from shitcoin shadowcoin pumper.....
I believe because LTC is extremely matured and stable, the likelihood of anon features to actually be utilized on a massive scale is greater than one of these newborn start up ICOs...

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