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Title: Litecoin developers will NEVER fork to reverse transactions from theft Post by: tmzn32 on June 17, 2016, 02:17:15 PM Arise.
https://www.reddit.com/r/litecoin/comments/2apsj7/litecoin_developers_will_never_fork_litecoin_to/ Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: btc_zero_sum on June 17, 2016, 02:36:28 PM ltc community is always ready to use some big news to show how cool and correct they are, even in this case where you cannot really compare DAO functionality with LTC
Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: tmzn32 on June 17, 2016, 02:45:33 PM ltc community is always ready to use some big news to show how cool and correct they are, even in this case where you cannot really compare DAO functionality with LTC No, it is just a reminder. Principle means something to some people. Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: K210 on June 17, 2016, 08:37:55 PM This is the good thing about litecoin. It runs like a decentralised cryptocurrency not a dictatorship.
Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: Minecache on June 17, 2016, 08:38:51 PM That's because LTC devs do absolutely nothing anyway.
Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: K210 on June 17, 2016, 08:45:03 PM That's because LTC devs do absolutely nothing anyway. Thats because LTC does not need a bug fix every week Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: caberum on June 17, 2016, 09:09:52 PM Thats because LTC does not need a bug fix every week I've found MANY, MANY, MANY bugs in the ltc protocol actually. That aside, I'm a big fan of the litcoin project. No fancy bells and whistles. The eth folk really burned themselves trying to be fancy with all of that turing complete nonsense. Sure, they've made millions from presales and millions more from dumping on trex and pol... overall, just a fancy promo campaign Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: smoothie on June 17, 2016, 09:14:59 PM That's because LTC devs do absolutely nothing anyway. You know the saying... Quote "don't fix what ain't broke" Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: iGotSpots on June 17, 2016, 09:16:42 PM Ask Bittrex how the CUBE nonfork feels
Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: losh11 on June 18, 2016, 01:42:12 AM I've found MANY, MANY, MANY bugs in the ltc protocol actually. That aside, I'm a big fan of the litcoin project. No fancy bells and whistles. The eth folk really burned themselves trying to be fancy with all of that turing complete nonsense. Sure, they've made millions from presales and millions more from dumping on trex and pol... overall, just a fancy promo campaign Go ahead Mr. Satoshi Nakamoto, please prove us with your intelligence. Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: Spoetnik on June 18, 2016, 02:50:04 AM ltc community is always ready to use some big news to show how cool and correct they are, even in this case where you cannot really compare DAO functionality with LTC I agree because Litecoin is a currency and the DAO is not. So they are NOT comparable. One is a centralized ICO scam run by a scammy idiot.. AKA: a pyramid scheme scam. Don't confuse the two kid. ON TOPIC: This is great news and i applaud them for making the gesture of good will ! And ETH Shilltards i loooove how you are all so threatened by Litecoin ROFL YOU KNOW it is in a league above ETH/DAO bullshit hahahah LTC has a massive list of accomplishments what has DAO / ETH done ? Pump & dump then the guy who started it dumped millions then they were hacked. And it was an ICO and.. it was a scammy ICO to boot and.. It is NOT a currency ! So don't you fucking god damn damn even so much as mutter than scammy ass retard bullshit in the same sentence as REAL Internet CURRENCIES ! ETHtard mETH head Retort Fail #308 :D Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: parmatiya on June 18, 2016, 10:32:58 AM That's because LTC devs do absolutely nothing anyway. Thats because LTC does not need a bug fix every week Not many people are using the LTC. It is controlled by very few chinese miners. It is a Chinese coin at the moment. Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: killerjoegreece on June 18, 2016, 10:33:54 AM no coin should hard fork ever!
Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: abugseuf on June 18, 2016, 10:35:08 AM LTC is an old coin and one of the rarest coin with a directly exchange with $ USD! IT's a Safe and stable coin!
Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: worldtreasurefinders on June 18, 2016, 03:01:37 PM ltc community is always ready to use some big news to show how cool and correct they are, even in this case where you cannot really compare DAO functionality with LTC Dude that post in the OP link is over a year old. This is not Coblee responding to the DAO fail. Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: alyssa85 on June 18, 2016, 03:05:47 PM Arise. https://www.reddit.com/r/litecoin/comments/2apsj7/litecoin_developers_will_never_fork_litecoin_to/ A good marketing decision to put a statement out and draw attention back to litecoin! ;D Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: worldtreasurefinders on June 18, 2016, 03:07:47 PM Coblee, with Satoshi out of the picture now for a while, is the ONLY developer who truly understands the necessity of not screwing around with his coin. Remember, the whole reason BTC/LTC work is because they are a digital approximation of physical gold and silver. The only way they work is to ensure they mimic physical gold/silver as close as possible. Back in the wild west, if a robber hijacked your caravan and stole your chest of coins, there was no central authority to invalidate the coins in the robber's hands and make the victim whole. The value was inherent in the coin itself, nothing else. If you start a precedent of voiding transactions you don't like (for whatever reason), you're removing the value from the coin and transferring the value to the central authority. And this is why you can't do it, because in doing so you pull away from the basic necessity of crypto being a digital version of physical gold/silver.
Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: Mjbmonetarymetals on June 18, 2016, 03:47:03 PM ltc community is always ready to use some big news to show how cool and correct they are, even in this case where you cannot really compare DAO functionality with LTC Hmmm the litecoin community pretty much stays silent for the most part usually any mention of it is met with a barrage of feet that try and trample it to death. Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: parmatiya on June 21, 2016, 06:32:47 AM The Ethereum developers never forked to reverse transaction from theft. This time, it is a problem in the protocol.
Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: losh11 on June 22, 2016, 01:06:53 AM The Ethereum developers never forked to reverse transaction from theft. This time, it is a problem in the protocol. DAO is not part of the Ethereum Protocol. It's as if someone if reversing/blacklisting Bitcoins because Counterparty was hacked. Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: parmatiya on June 27, 2016, 10:44:07 AM The Ethereum developers never forked to reverse transaction from theft. This time, it is a problem in the protocol. DAO is not part of the Ethereum Protocol. It's as if someone if reversing/blacklisting Bitcoins because Counterparty was hacked. I am a miner, I support the freezing of the Ethereum stolen by somebody. If the hacker is caught and return the stolen funds, there is no need for the fork. Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: NattyLiteCoin on June 27, 2016, 11:08:45 AM I'm a miner and I support the litecoin network. Ethereum and theDOA is a business, these are shares, not a currency, this should be clear. By definition a business is centralized in its interests. Litecoin has dudes working for free to propagate satoshis vision.
Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: NattyLiteCoin on June 27, 2016, 11:15:22 AM That's because LTC devs do absolutely nothing anyway. Except outpace Bitcoin development. Routinely. Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: iGotSpots on June 27, 2016, 03:26:43 PM Litecoin will never fork period because coblee doesn't give a shit about it. If he did, it would have been on Coinbase like three years ago
Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: NattyLiteCoin on June 28, 2016, 12:54:56 AM ltc community is always ready to use some big news to show how cool and correct they are, even in this case where you cannot really compare DAO functionality with LTC Hmmm the litecoin community pretty much stays silent for the most part usually any mention of it is met with a barrage of feet that try and trample it to death. Jah mon! We don't really have to say anything as the coin speaks for itself. Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: GreenBits on June 28, 2016, 12:58:18 AM I'm a miner and I support the litecoin network. Ethereum and theDOA is a business, these are shares, not a currency, this should be clear. By definition a business is centralized in its interests. Litecoin has dudes working for free to propagate satoshis vision. This is why ltc is my main alt to go to, when I hold alts. It's the closest, project vision wise, to btc, and has been about as stable in development and acceptance. It's solid, it's been here, and I never have issues transferring ltc between exchanges, which I can't always say for my old pal btc. Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: NattyLiteCoin on June 28, 2016, 01:05:25 AM Litecoin will never fork period because coblee doesn't give a shit about it. If he did, it would have been on Coinbase like three years ago Youre misinformed. Coblee doesn't own coinbase, he's an employee. Tell your boss what you want him to do... Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: iGotSpots on June 28, 2016, 02:59:43 AM Litecoin will never fork period because coblee doesn't give a shit about it. If he did, it would have been on Coinbase like three years ago Youre misinformed. Coblee doesn't own coinbase, he's an employee. Tell your boss what you want him to do... Lol my boss Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: TheMage on June 28, 2016, 04:57:47 AM Just because of trolls, I felt compelled to post something (that and mentioning anything Litecoin summons TheMage! ;D)
Looks we get it, no development, no community, dying coin blah blah blah. Litecoin has been around for 5 years, and its not by accident. People love to measure a coin against its market cap, with the unwitting assumption that market cap rules all. Well it doesnt, and there has been many times in history where Litecoin has been bounced from its "second" spot where it was in third or even forth. Want to know what happens? Ask dogecoin, DASH, Blackcoin, NXT, Ripple (even with faking shares or coins or whatever they are called), Auroracoin, or the other 10 that was able to knock Litecoin off its market cap pedestal. Note: I hold no ill will towards any coin, and have close friends in all these community's. BUT....with that said, who cares? Litecoin isnt around to enrich folks. I've had many discussions with Charlie over the years, and even most recently we both agree that Litecoins purpose, development, and promotion is to become an alternative payment method. This is far beyond even Bitcoin it seems at this point, where the interpretation of Satoshi's vision was it to become an alternate payment method to help others escape banks strangle on the world. Litecoin isn't here to enrich others from legal gambling. Litecoin is here to promote financial freedom. With that said, courtesy of shyliar from reddit here is a nice list of why he loves Litecoin (incomplete to me, more could be added but im tired haha). Quote Capable of four times as many transactions as Bitcoin in a ten minute period. Frankly if payment processors had adopted Litecoin in the past year current Bitcoin block discussions would be irrelevant (and likely the price of both coins higher). Anyone who has watched these discussions understands the immediate advantage of a network with larger transactional capability. Faster confirmation times. The only people who don't think this is important have never spent a single coin or they have patience that the average person does not possess. The faster block time of litecoin reduces the risk of double spending attacks. Anti-spam. Fast well established network. Current Hashrate is 1,643 GH/s. Since scrypt is memory intensive it is known to be approximately 1000 times slower hardware wise in comparison to SHA256. Fair comparison to the Bitcoin network requires multiplying that hashrate by 1000 (1,643 TH/s). The fact is for most of Litecoins history the hashrate has been relatively high and secure. Those comparing it to the Bitcoin network without considering this 1k factor are either being disingenuous or just ignorant of the facts. Continuous development look here at number of releases in past year: https://github.com/litecoin-project/litecoin/releases Upcoming new features and active development look here for whats happening in 2016: https://www.reddit.com/r/litecoin/comments/3z2ta1/ama_official_litecoin_developers_and_litecoin/ Longevity. Many coins have temporarily eclipsed litecoin as they were marketed for the purpose of increasing the fiat accounts of a small group and emptying the accounts of new users. Unfortunately this has been detrimental to crypto-space in general. Great community. Fully supported by GoCoin a growing merchant payment processor used by thousands of merchants https://www.gocoin.com/ as well as other processors such as coinpayments, Asmoney, Alfacoins and Coinify Liquidity. You can sell thousands and not crash the market. Maintains value. Look at the chart here indicating volume in the last 24 hours relative to other coins. http://cryptocoincharts.info/coins/graphicalComparison In fact volume has remained high since last June while maintaining a stable price. Soon to be added to coinbase. Upcoming release to include a on-chain adaptive block size scaling solution. This will substantially increase the transactional capacity of Litecoin. Security. Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: swansong on June 28, 2016, 08:22:11 AM well said MAGE!
Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: shyliar on June 28, 2016, 11:10:49 AM I'm here too Mage and thanks to the good points of others I've added to my list to include the fair launch of LTC and traders taking advantage of arbitrage opportunities who need to move value from exchange to exchange quickly.
Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: TheMage on June 29, 2016, 03:05:17 AM Thanks guys
And yes cant forget that, Litecoin had one of the most if not "the" most fair launch in cryptos. People were given weeks ahead of time, were able to mine on test net and set up their CPUs, and the "password" was given on time by Charlie. Once he gave the word, the Litecoin network launched. Charlie mined I believe the first 2 blocks beforehand so he had a 100 LTC lead :P. Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: NattyLiteCoin on June 29, 2016, 03:09:49 AM Thanks guys And yes cant forget that, Litecoin had one of the most if not "the" most fair launch in cryptos. People were given weeks ahead of time, were able to mine on test net and set up their CPUs, and the "password" was given on time by Charlie. Once he gave the word, the Litecoin network launched. Charlie mined I believe the first 2 blocks beforehand so he had a 100 LTC lead :P. Take your truth speak and GTFO. Title: Re: Litecoin developers will NEVER fork to reverse transactions from theft Post by: parmatiya on July 01, 2016, 11:21:46 AM Thanks guys And yes cant forget that, Litecoin had one of the most if not "the" most fair launch in cryptos. People were given weeks ahead of time, were able to mine on test net and set up their CPUs, and the "password" was given on time by Charlie. Once he gave the word, the Litecoin network launched. Charlie mined I believe the first 2 blocks beforehand so he had a 100 LTC lead :P. The problem with the litecoin is not the premine. It is irrevalent now. The mining now is more concentrated in China. |