Topic: User Luke-Jr claims Litecoin is a "quick pump and dump scheme" on Wikipedia (Read 8267 times)

Go to http://LukeJr.com and/or http://Luke-Jr.com

fuck him

Er, cgminer is done by ckolivas.  Luke-jr is responsible for BFGMiner.  BFGMiner is a fork of cgminer, but Luke-jr is now trying to claim that cgminer has forked BFGMiner for trolling reasons.  I'm not even making that up, go check out his post about it: https://bitcointalksearch.org/topic/m.1758702

Vandalizing Wikipedia with libelous statements about other people isn't "civil."

That someone has done one or more good things does not give them some kind of magical immunity for all future despicable actions.

Everyone is allowed to have an opinion in this community ! Lets all try to stay civil !

 Luke-jr is also the guy who maintain the bitcoin gentoo ebuild, and cgminer is the best miner I found ( and I use it for mining LTC ).

 I dont agree with him concerning litecoin, but I think we should all respect him for all his good work. Litecoin user or not we all need bitcoin, and luke is a useful guy in the community.

 Everyone is allowed to have an opinion in this community ! Lets all try to stay civil !

Luke-jr may be wrong on Litecoins but you should all respect him and not badmouth him (Radacoin). Have you read the #bitcoin-dev log from the March 11/March 12 hardfork event?? Luke-jr was the guy taking the lead on the solution. He is the reason that you are still wealthy if any of you were smart enough to buy BTC at low prices! A thank you would be in order.

http://bitcoinstats.com/irc/bitcoin-dev/logs/2013/03/12

No word from Luke himself still, probably too busy reading his bible so he can misinterpret it as "alt coins are a threat to my wealth"

Wow! Talk about another uniformed person commenting on Litecoin!  Go figure!  Next you'll tell us LTC is a pump and dump because the bitcoin wiki says so!

LOL @ idiots.

Litecoin is a scheme to water down the value of Bitcoin by producing a 400million coins and then taking away the miners. Litecoin is an inferior coin because theres over 400 million.

Litecoin is a scheme to water down the value of Bitcoin by producing a 400million coins and then taking away the miners. Litecoin is an inferior coin because theres over 400 million.

All I know is I see a lot of butthurt from very big names in the Bitcoin community.

Saving your words for after LTC hits Gox.  You do know it is going to Gox right?  

I believe this is where we are:

"First they ignore you, then they laugh at you, then they fight you, then you win."

We are about to move to win folks.  Cheers.

Agreed. I encourage people to mine LTC if it's profitable for them to do so, but it's sad that some people are actually investing in Litecoin. Litecoin and other near-exact Bitcoin clones have no chance of going anywhere, and it's a tragedy that people are spending time on them rather than Bitcoin or an altcoin that actually improves significantly on Bitcoin. There are so many interesting things that an altcoin could do, but people waste time on these tiny Bitcoin modifications...

Agreed. I encourage people to mine LTC if it's profitable for them to do so, but it's sad that some people are actually investing in Litecoin. Litecoin and other near-exact Bitcoin clones have no chance of going anywhere, and it's a tragedy that people are spending time on them rather than Bitcoin or an altcoin that actually improves significantly on Bitcoin. There are so many interesting things that an altcoin could do, but people waste time on these tiny Bitcoin modifications...

The free market remedy is the altcoin.

When the free market decides that the ownership of Bitcoins is too lopsided in a manner that is against the public interest, or that there are too many coins out there that are sitting idle, not circulating, and causing people anxiety... those people will start accepting altcoins for their goods and services and will potentially make the value of a Bitcoin plummet.  That should be an incentive for big/majority holders to make sure the coins start flowing.  I mean, this is why Bitcoin is succeeding...the people buying it are jumping, at least in a small part, out of the dollar and euro and perhaps even gold.

And by altcoins, I don't mean any specific altcoin.  In other words, it's not going to be a run to Litecoin.  If the masses start chanting that all old money needs to go down the toilet, they'll start accepting a brand new coin totally free of prior speculators.  The old money won't go to zero, it will just go down a lot and lose its "bubble air" as the speculators jump ship (probably a good thing for stability overall).

You'll have cryptocoin clients with plugins that allow entities to pick which coin they will and won't accept for whatever reason, so the overhead of businesses deciding to accept or not accept a new "whatever coin" will be trivial, especially if there are mostly automated tools and platforms for converting them to whatever asset the business really wants to hold or do their accounting in.

OK, I will admit, I've wandered into pure speculation territory myself.  It is at least plausible, however, I think.  I can't imagine people would want Bitcoin if one entity had a significant percentage of the total coins and was using it to disrupt the markets (presumably without concern for a loss of their own wealth).

They all hate it because all the man hour is put into bitcoin, other coins just fork, adjust some params, or change a few algorithms, and compete with the original.

Maybe bitcoin needs a new license to prevent the clone from taking benefit from it.

Hypocritical of Luke-Jr hey Complaining about a clone ...

Though I do wonder about the thread title "quick"
It's been around for quite a while.
But Luke-Jr does have his own definition of words given to him directly by a priest or maybe even the pope ...

Perhaps compare the speed to that of the Catholic church accepting new ideas.

Hypocritical of Luke-Jr hey Complaining about a clone ...

Though I do wonder about the thread title "quick"
It's been around for quite a while.
But Luke-Jr does have his own definition of words given to him directly by a priest or maybe even the pope ...