Topic: [LTCD] LitecoinDark.com ★ Scrypt ★ Difficulty Shield ★ Multipool ★ Fast - page 68. (Read 368563 times)

that page doesn't work dev. I hope you get a good block explorer...

Dear Community,

We have bought a new block explorer and richlist what is much beter. https://chainz.cryptoid.info/ltcd/https://chainz.cryptoid.info/ltcd/

Also we have put out a bounty for a multipool who payout into ltcd, give me a pm to discus. Ofcourse when the community knows good multipools who is willing to accept ltcd let me know!

Regards,

LitecoinDark Dev

What I can say about the 2nd generation features is simple.  

The LTCD 2.0 branch is based on a complete redesign of blockchain-based currency.  It has been forked directly from a project which I have been working on independently since before LitecoinDark was ever even an idea.  Everything about the wallet, protocol -- even the blockchain itself has been redesigned to meet a new development paradigm.

I will not give specifics about the 2.0 branch or any of the 2nd generation features until I have finished the 2.0 whitepaper (something I had never intended to release as anything more than a case study or proof of concept until after I joined this team), however, by definition, since it shares almost (possibly even zero) code with bitcoin/litecoin/etc and was written from the ground-up addressing some of the issues with 1st gen blockchain currencies, it is no doubt 2nd generation.

In all honesty, LTCD 2.0 shares zero code with LTCD 1.x.  Everything has been re-imagined.  Mining, staking -- RPC/IPC connectivity, external dependencies, build systems, update procedures -- everything.

So I'm sure you can understand why we have not and will not release any specifics until the whitepaper is ready to be published.

What I can give you, however, is this:


Nothing special.  Except that it's "transcribing" into a "ledger" via IPC/BC-API (through a dynamically-linked library connecting to a ledger daemon implementation.)

This particular scribe implementation is written in C#.  This particular ledger daemon, C++.

But don't expect 2.0 in the near future.  As I said before, I'm slowing down my pace because I have other priorities that need attention as well. (Family/Work/Life, etc.)

Edit: I also said previously not to even bother giving place to claims that I make regarding progress.  If you want to know what's going on, watch the code over the coming months.  LTCD isn't even 2 months old yet.  Please, be patient.

Rich list link wasn't working... can someone check please?

i know its soon to be discussing the supernet-blocknet issue.
But for those who like to read up on blocknet, this thread might be an interesting read:

https://bitcointalk.org/index.php?topic=829576.new#new

Enthusiastic outbursts are refreshing, I agree.
Not that refreshing when someone has these outbursts almost every day, often more than once a day... ;-)

It's quite intertesting that most of voodoo1967 supporting replies tend to come from forum members with the activity of less than 20... :-)

So here's a little can of worms regarding PoS.  Any discussion of "PoS" really needs to take into account a number of things before any talk about percentages can take place:

- The final anon feature of the coin
- Transaction fees
- Final mining reward
- PoS vs Forging

The coins whitepaper says that the final anon feature will be Darksend, which I assume is a "copy" of the Darkcoin tech. By design, that necessitate the use of Master Nodes which then necessitates the implementation of transaction fees. So not only does the cost required to run a Masternode need to be determined, but then the transaction fees as well since, unless I'm oblivious, the coin does not currently have.

As things stand today, the mining reward was significantly reduced which will lead to the coin being mined out "very" quickly. It's my understanding though that there will be a final "minimum" reward and I've assumed that it will be implemented when the PoS version is rolled out.

So the coin would have to have transaction fees implemented at some point as well.  Now, I don't know much about actual mining, but don't miners also typically get transaction fees when a coin has that? So would the people running Masternodes compete for those transaction fees?  Or would there be a different set of fees related to the anon transactions that the Masternodes would be paid?

My original thoughts about PoS were that "forging" would be a better idea.  The forgers would get transaction fees while miners continue to add to the supply over time which would take care of lost coins etc and thus PoS isn't really required in order to solve that particular issue.  But with forging, we'd now have another group competing for transaction fees right?

Am I completely off base with some of this? The whitepaper really doesn't discuss any of these sorts of things in depth.

As far as "pure PoS" goes, my feeling is 2%-5% is adequate.  But in this case, the coin isn't pure POS due to ongoing mining and the running of Nodes.

On a personal note, I'm really not fond of anon tech that relies on trusting other people with running nodes. If you don't have enough people running the nodes you open up attack vectors and getting enough people that are willing to invest enough to run them can be difficult.  Not to mention that a couple people with deep pockets could "own" the majority of nodes and then do what they wish.  I prefer blockchain type anon (CN coins for example) for those reasons.  Now some people say that blockchain anon isn't as secure as "eventually" someone will hack it. IMO if someone was able to eventually hack blockchain anon, we'd have much bigger problems for cryptocurrencies in general.

I'd much prefer the coin to implement something like the zerocoin/zerocash tech which no one has done as of yet.  One coin was supposed to have implemented zerocoin within the next week or so but they just came out and said it won't happen for awhile. I don't know of anyone that's trying implement zerocash yet (there is a fundamental issue with it but I believe there can be a solution for it).  It should be noted that zerocoin was talked about many times as potentially being added to bitcoin but from reading a bunch of threads it seems like they're sort of waiting for an alt coin to do it in order to prove it out.  Zerocoin is fundamentally just a "mixer" whereas Zerocash is actually for anon transactions.

So from my perspective, there's a whole lot of intertwined things that really need to be nailed down first and then the actual values for things like fees, PoS percentages etc worked out so that they are all well balanced.  Not an easy task but it needs to get done ASAP and spelled out clearly in the coins whitepaper. Without knowing all these things ahead of time, we could end up with a coin that has very high inflation on top of the high supply which would be a bad thing.

I'd also like to know what the PoS design would be.  Whether it would just be the "old" peercoin coin age type thing, one of the newer PoS V2 (some other coin is building on V2 and calling it V3 but can't remember which), PoSV or something "new".

Yes, it needs vibrant conversations instead of pointless price reports-comments and investing touting. Almost the same comments, almost every every single day. Every time I check up what's new have been posted since previous day I find almost exactly the same comment posted again by the same person...

Look like he was putting up 20k for video contest, what u putting up. A simple website on reddit. U still havent  earn any respect. Until the features are in place, u shoulds not be misleading people to buy into hype. Get the job done then u can promote the coin. In fact if the features was in place the coin would sell it self. How do we know all that you say can be done to this coin, because you say so. All I see is empty promises. Remember the roadmap is way behind, not that its trollbyfire fault, but the litecoindev is responsible to make sure things are done in a timely manner. ( and for the record, im stuck with all my coin. but im not going to mislead people for profit, till the job get done.)

Dear Community,

We have bought a new block explorer and richlist what is much beter. https://chainz.cryptoid.info/ltcd/https://chainz.cryptoid.info/ltcd/

Also we have put out a bounty for a multipool who payout into ltcd, give me a pm to discus. Ofcourse when the community knows good multipools who is willing to accept ltcd let me know!

Regards,

LitecoinDark Dev

I guess I just never took the time to look. But it's a great concept

the word was out for quite some time about supernet tho

That awkward moment when you write a whitepaper on DarkInsurance and the then read SuperNet and it's almost exactly the same thing....

FFFFFFFFFFFUUUUUUUUUU.

I can't believe I have never heard of either.... But since my idea is almost the same, i'm glad we are persuing one of the options between SuperNET, and the others. YAAS


That is all.

Ha, smashing. Works great! :-)