(Unofficial) [ANN] Litecoin [LTC] to X11 algorithm hardfork - page 11.

splawik21

legendary

Activity: 1372

Merit: 1005

DASH is the future of crypto payments!

Quote from: MisO69 on March 30, 2014, 11:58:54 AM

LTC needs to stay scrypt to support and benefit from the scrypt asics. Why can't you just be content with mining Darkcoin? There are plenty of GPU farms out there that will certainly switch to that coin once the 250Mh KnC units begin arriving.

Agree, change the coin which mines X11, I mine DRK and I`m very satisfied.

MisO69

legendary

Activity: 1946

Merit: 1005

My mule don't like people laughing

LTC needs to stay scrypt to support and benefit from the scrypt asics. Why can't you just be content with mining Darkcoin? There are plenty of GPU farms out there that will certainly switch to that coin once the 250Mh KnC units begin arriving.

hellscabane

legendary

Activity: 896

Merit: 1000

Quote from: Maged on March 30, 2014, 11:45:06 AM

I find it very concerning that the main developers aren't behind this and may not even have had an opportunity to view this proposal, let alone comment on it. I also find it very concerning how lightly these guys are taking the idea of a hard fork. To hard fork a chain as established as Litecoin is without some chain-breaking emergency going on (i.e. Scrypt found to be completely broken), you need at least a year and a very good plan. The premise of leaving a placeholder for the new client downloads and making it seem like a block has already been chosen for the fork is misleading at best, if not outright fraudulent.

Therefore, in the interest of protecting the Bitcoin community, I have rightly flagged this thread as unofficial. You should be ashamed of having posted this.

Thank you for doing this. Going renegade is not the way to go about enacting what someone may think is "the correct change."

Maged

legendary

Activity: 1204

Merit: 1015

I find it very concerning that the main developers aren't behind this and may not even have had an opportunity to view this proposal, let alone comment on it. I also find it very concerning how lightly these guys are taking the idea of a hard fork. To hard fork a chain as established as Litecoin is without some chain-breaking emergency going on (i.e. Scrypt found to be completely broken), you need at least a year and a very good plan. The premise of leaving a placeholder for the new client downloads and making it seem like a block has already been chosen for the fork is misleading at best, if not outright fraudulent.

Therefore, in the interest of protecting the Bitcoin community, I have rightly flagged this thread as unofficial. You should be ashamed of having posted this.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: ibukovec on March 30, 2014, 06:24:47 AM

decentralized = anti ASIC
ASIC gives the Hash to a few people only. The idea of LTC was anti ASIC.

So go for it

THIS.

Joerii

legendary

Activity: 1274

Merit: 1050

Is this thread really going to reach 10 pages before the

APRIL FOOLS !

post ?

DubFX

sr. member

Activity: 434

Merit: 250

Quote from: El Dude on March 30, 2014, 11:14:17 AM

This won't take off no exchange will switch to this retarded version of Litecoin.

I think that they would go the way 51% will...

Wirly

full member

Activity: 136

Merit: 100

What are you so scared of? Let asic take over scrypt coins then gpu farms can start supporting other coins that are more asic resistant. The value of any coin is in its community, which leads to global acceptance. Grow the community and the coin becomes more valuable

romang

member

Activity: 112

Merit: 10

Just leave it alone. Change is good

El Dude

hero member

Activity: 770

Merit: 500

This won't take off no exchange will switch to this retarded version of Litecoin.

butjust41day

full member

Activity: 131

Merit: 100

I talked to a guy with a farm that has over 200 GPUs. He supports this. It scares him that a little guy can buy an ASIC device and blow him away in hashing power. Much investment so little hashing.

Beeker

member

Activity: 94

Merit: 10

Meep

Quote from: xingqiaoyin on March 30, 2014, 10:57:32 AM

This is a blantant scheme to HIJACK LTC
Changing algo is thinking from Miner's Perspective.
I don't think people who are pure traders of LTC
will appreciate it when they found out they are having
problem sending and receiving coins because some
rookies decide to hijack the transaction processing
method from "scrypt" to "x11".

Please, don't spread FUD.

When a majority supports this hardfork, there's no "hijacking". It's blockchain democracy.

It will probably take months to prepare everything and we will be careful.
All of us have a big stake in LTC and we won't take the risk to see it vaporize.

We are not satisfied with current development for Litecoin, it's very conservative, no decisions are made to secure it's future.
And as I said before, block 564,480 isn't set in concrete. There's a lot of work to be done.

Coindgr

hero member

Activity: 1034

Merit: 500

Quote from: coins101 on March 30, 2014, 10:53:55 AM

Quote from: MaGNeT on March 30, 2014, 08:20:21 AM

Quote from: Beeker on March 30, 2014, 08:18:08 AM

Quote from: defaced on March 30, 2014, 08:14:38 AM

Is there a mailing list I can join? Also, with out a substantial amount of hash to find blocks at the current difficulty how are you going to continue the chain?

We expect enough GPU miners to stay on Litecoin, the coin itself doesn't change, only the algorithm does.
We could calculate a drop in difficulty when the coin is hardforked, to anticipate the loss of hashingpower from existing scrypt ASICS but we doubt if it is needed.

A lot of GPU miners are moving over to X11 already.
Hirocoin and Darkcoin have a great future ahead.

Hirocoin ~~and Darkcoin~~ have a great future ahead.

lulutis2000

sr. member

Activity: 308

Merit: 250

Quote from: coins101 on March 30, 2014, 10:53:55 AM

Quote from: MaGNeT on March 30, 2014, 08:20:21 AM

Quote from: Beeker on March 30, 2014, 08:18:08 AM

Quote from: defaced on March 30, 2014, 08:14:38 AM

Is there a mailing list I can join? Also, with out a substantial amount of hash to find blocks at the current difficulty how are you going to continue the chain?

We expect enough GPU miners to stay on Litecoin, the coin itself doesn't change, only the algorithm does.
We could calculate a drop in difficulty when the coin is hardforked, to anticipate the loss of hashingpower from existing scrypt ASICS but we doubt if it is needed.

A lot of GPU miners are moving over to X11 already.
Hirocoin and Darkcoin have a great future ahead.

~~Hirocoin and~~ Darkcoin have a great future ahead.

+1 Darkcoin will be so big...

xingqiaoyin

sr. member

Activity: 395

Merit: 250

This is a blantant scheme to HIJACK LTC
Changing algo is thinking from Miner's Perspective.
I don't think people who are pure traders of LTC
will appreciate it when they found out they are having
problem sending and receiving coins because some
rookies decide to hijack the transaction processing
method from "scrypt" to "x11".

DubFX

sr. member

Activity: 434

Merit: 250

I support this too, but you will need alot of hashing power won't you?

stacksmasher

full member

Activity: 121

Merit: 100

This is a surefire way to kill the coin. Take a look at "Hirocoin" for example, a botnet is creating 600k a day and lets face it when the others catch on its going to be a bloodbath.

coins101

legendary

Activity: 1456

Merit: 1000

Quote from: MaGNeT on March 30, 2014, 08:20:21 AM

Quote from: Beeker on March 30, 2014, 08:18:08 AM

Quote from: defaced on March 30, 2014, 08:14:38 AM

Is there a mailing list I can join? Also, with out a substantial amount of hash to find blocks at the current difficulty how are you going to continue the chain?

We expect enough GPU miners to stay on Litecoin, the coin itself doesn't change, only the algorithm does.
We could calculate a drop in difficulty when the coin is hardforked, to anticipate the loss of hashingpower from existing scrypt ASICS but we doubt if it is needed.

A lot of GPU miners are moving over to X11 already.
Hirocoin and Darkcoin have a great future ahead.

~~Hirocoin and~~ Darkcoin have a great future ahead.

coins101

legendary

Activity: 1456

Merit: 1000

Quote from: taxli on March 30, 2014, 06:13:11 AM

copy DRK,this coin will certainly not succeed

just mine darkcoin.....its at the stage litecoin was at in late 2012 - but with better features.

Xdragon

hero member

Activity: 543

Merit: 500

Quote from: Beeker on March 30, 2014, 08:33:21 AM

Quote from: Xdragon on March 30, 2014, 08:32:52 AM

without ASICs LTC will never get to the moon Angry

There are ASICS for LTC and I don't yet see a moon.

This is because you are total n00b. First BTC ASICs arrived in early 2013, and than huge amount in september-october of 2013. And then in november booom, BTC price explodes. If there were not BTC ASICs, today BTC price would be around 30 USD max. ASICs are next step for every major crypto.

Topic: (Unofficial) [ANN] Litecoin [LTC] to X11 algorithm hardfork - page 11. (Read 68499 times)