Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: coblee on May 25, 2013, 08:35:30 AM



Title: [LTC] Litecoin Core Development Fundraising
Post by: coblee on May 25, 2013, 08:35:30 AM
Purpose: To generate funds to help pay for core development work.

As you are probably familiar, the Litecoin-qt/litecoind client has not seen a release in some time. We are currently working on a new version of the software that will bring it current with the Bitcoin code base.

We have a number of developers who are highly skilled and motivated to work on this project. Work has commenced to carefully review and convert patches against Bitcoin v0.6.3 to create a clean rebase upon v0.8.x.  Once this is complete, we’ll need to do extensive testing and some additional documentation.  After the client is modernized and the network is upgraded, we have exciting plans to further improve the Litecoin protocol.

These operations take time and unfortunately a number of our developers must necessarily split time between paying projects (i.e. their day jobs) and this important work to better ensure the long-term safety and security of the Litecoin network.

It is for this reason that we are requesting donations to help fund this development work.  Funds will first be used to reimburse core infrastructure hosting expenses before being divided amongst the developers.

LTC: LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3 (http://ltc.block-explorer.com/address/LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3)
BTC: 1KD5tt1p3mdZH8DDXeEwdsJNpiwUZCfzkF (https://blockchain.info/address/1KD5tt1p3mdZH8DDXeEwdsJNpiwUZCfzkF)

Thank you,

The Litecoin Development Team
aspect
coblee
face
pooler
thrasher
warren


Title: Re: Litecoin Core Development Fundraising
Post by: wtogami on May 25, 2013, 08:36:55 AM
We collect donations to accelerate the development of Litecoin and supporting vendor integration tools.  Businesses in particular may be interested in donating to get their name in the Sponsor List (https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0) as being on record in support of the community.

Original Text Below ...
Quote
Updated: June 18th, 2013: We met the 5,000 LTC Challenge!

Litecoin Dev Fundraiser: 5,000 LTC Matching Donation Challenge
A big sponsor who wishes to be anonymous is willing to support the Litecoin Development Team.  They are offering a challenge grant where if we receive an additional 5,000 LTC in community donations by June 18th noon GMT, the anonymous sponsor will match with an additional 5,000 LTC.  These combined funds will go a long way toward enabling long-term development of the Litecoin software and related vendor integration tools.

The dev team donations prior to the challenge amount to 3,059.8868 LTC at LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3 (http://explorer.litecoin.net/address/LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3).  The challenge will be complete when gross donations reach 8,059.8868 LTC as tracked on this spreadsheet (https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0).  Bitcoins donated to 1KD5tt1p3mdZH8DDXeEwdsJNpiwUZCfzkF (https://blockchain.info/address/1KD5tt1p3mdZH8DDXeEwdsJNpiwUZCfzkF) converted and deposited to the LTC address count toward the challenge.

https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0
A list of sponsors, donations, and expenses of the Litecoin development project are listed here.  If you contact Warren with your txid and cryptographic signature proving ownership of the sending address, we may add your name or business name to the sponsor list, at our discretion.  

“The 5,000 LTC matching challenge funds is currently sequestered at LXhTDTv1cwGUb67DX88xtkQriYWmTFAVyr (http://ltc.block-explorer.com/address/LXhTDTv1cwGUb67DX88xtkQriYWmTFAVyr).”
Cryptographic signature of the quoted string proving the matching challenge funds: G/JW/UyKeN/Uplj1EVa2gmOZBN9g4FXXvNRHCnHJAdv7rtVMDX1pmfrpyLW47LaVKj7uPAfT/hKQuoMVJwPn/b4=

The identity of the anonymous sponsor will be revealed later.

Sponsorship Credit
https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0
All donations and expenses are to be tracked here.  Please let me know if you want your name to be listed as a sponsor.  Alternatively business owners might want their business name to be listed as a sponsor as a form of advertisement.  Please reply identifying yourself in the thread, perhaps include a crypto signature of the sending address as proof.  If you wish to remain anonymous that is fine too.

Development Status
Please follow the Litecoin Dev Team on Google+ (https://plus.google.com/104307324656397909502/posts) for the latest news.  Will post stuff there first.

See the Litecoin Core Development Fundraising sister thread at the Litecoin Forum (https://forum.litecoin.net/index.php/topic,3874).


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: Liquid on May 25, 2013, 08:52:46 AM
Nice  :)

https://litecoin.com.au/viewtopic.php?f=7&t=62&p=109#p109


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: efx on May 25, 2013, 09:08:19 AM
I think warren needs some LTC just for the github cleanup he did today  :)


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: mmitech on May 25, 2013, 09:08:23 AM
Great news, I was waiting for this news so long, I will start donation with 5 LTC , I will do my best to donate even more .

edit: sent another 5 LTC


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: mmitech on May 25, 2013, 10:19:52 AM
bump


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: serraz on May 25, 2013, 10:25:10 AM
you have our support already donated and will continue to


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: hope2907 on May 25, 2013, 02:37:00 PM
bump


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: Kryptox on May 25, 2013, 05:57:15 PM
Excellent.  Thanks to the team working on this.  I will support this. 

I think it would be great for pools to provide the option for miners to donate a percentage directly to this.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: peacefulmind on May 25, 2013, 06:15:51 PM
bumpity bump.

to the top where this belongs.

This is the most important post made in this forum in months.

Please consider putting real names on litecoin wiki - so many people want to see LTC go really mainstream.



Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: Guru01 on May 25, 2013, 06:24:54 PM
Thanks Coblee.

Donated.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: mmitech on May 25, 2013, 07:20:35 PM
bump


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: BBQKorv on May 25, 2013, 07:43:17 PM
LTC has a great potentional, something completely different than the newer copycats. With a further development this can go very far.

Thank you!


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: dribbits on May 25, 2013, 08:04:38 PM
Litecoin Team, just wanted to say thanks for all the work you are doing. I only had 14 coins to send but hopefully will have more to send soon!

--dribbits


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on May 25, 2013, 09:45:19 PM
https://forum.litecoin.net/index.php/topic,3874.msg27188.html#msg27188
Quote
Hi folks.  Sorry to dampen enthusiasm.  I read the zerocoin paper and heard from core Bitcoin devs on the topic.  Their opinion is that it is incredibly inefficient in block storage use.  If Bitcoin adopts it or something like it then we may import it as part of a standard code rebase in the future.  Litecoin's own development in the next few months focuses on stability, security, user education, vendor integration and enhanced smart fees to allow lower fees with strong anti-spam protections.  All of these goals are to improve Litecoin's usefulness as a medium of exchange in commerce, which in the long-run is the only way to enhance its inherent value.

Please contact me privately if you donate 20 LTC or more.  Include a crypto signature signed by the sending address to prove it is you.

Post a reply in public if you want your name or business to be included in the Sponsor credits.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: chriswilmer on May 25, 2013, 11:12:34 PM
Donated!

Thanks Litecoin team!

P.S. Now that summer is starting, maybe Litecoin should consider a "Litecoin summer of code" initiative and get some highschool/undergrad interns to help with the project and learn about cryptocurrency/coding.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: CoinEraser on May 26, 2013, 01:13:42 AM
Donated!  ;D

Thanks for you work!!  :D





Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: neotrix on May 26, 2013, 01:54:24 AM
Donated 250 ltc

Btw coblee I still have the design for ltc website, just miss new texts...


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on May 26, 2013, 06:25:35 AM
https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0

All donations and expenses are to be tracked here.  Please let me know if you want your name to be listed as a sponsor.  Alternatively business owners might want their business name to be listed as a sponsor as a form of advertisement.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: mmitech on May 26, 2013, 09:29:00 AM
bump


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: cryptohunter on May 26, 2013, 10:45:00 AM
Donated 250 ltc

Btw coblee I still have the design for ltc website, just miss new texts...

wow makes my donation look a litte small. great to see such support for ltc, it's my fav coin too.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: btcash on May 26, 2013, 11:12:49 AM
Thanks for the update. Looking good.

Donated 250 ltc

Btw coblee I still have the design for ltc website, just miss new texts...

wow makes my donation look a litte small. great to see such support for ltc, it's my fav coin too.
Yeah. I think neotrix is one of the persons with the most Litecoins. So it is in his interest supporting the development ;)


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: pavimus on May 26, 2013, 12:14:59 PM
Donated 5LTC. Thank you guys for your work!


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: shaunb on May 26, 2013, 12:58:17 PM
Thanks to the dev team that are putting a lot of work into this!  Great news for Litecoin!


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: TrinaVella on May 26, 2013, 01:45:59 PM
Wow guys.  Awesome to hear this!  Will be donating what I can.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: hathmill on May 26, 2013, 04:40:08 PM
Donated. Thanks for the time you put into this.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: andruby on May 26, 2013, 08:35:03 PM
Can we see the development changes on a branch in github (https://github.com/litecoin-project/litecoin)?

I don't have many LTC, but I can help code.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: auto2nr1 on May 26, 2013, 10:07:34 PM
Will be making a donation as soon as i get home. Thanks goes out to the dev team and to the rest of us supporters.  :)


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on May 26, 2013, 10:48:06 PM
Can we see the development changes on a branch in github (https://github.com/litecoin-project/litecoin)?

I don't have many LTC, but I can help code.

Code will go public after:
1) bitcoin-0.8.2 final is released.
2) I fix a few more bugs.  Currently we have 17+ test failures and a few missing tests.
3) I do a clean rebase of all the patches on top of bitcoin-0.8.2, to erase all the aborted commits, making the code easier to understand and maintain in the future.
4) After public beta testing indicates that this isn't dangerous.for mainnet.
5) At that point the code will go on github for public code review.  People can submit pull requests and our team will review and comment your patches for merit.

Currently some of the top donors are in the QA team, heavily testing binary builds based on 0.8.2rc3.  It is especially important for the big pool owners to make sure their custom pool software is compatible with the new litecoind under simulated heavy load.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on May 26, 2013, 10:50:11 PM
Donated 250 ltc

Btw coblee I still have the design for ltc website, just miss new texts...

neotrix, please check your private message and contact me directly.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on May 26, 2013, 10:52:13 PM
https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0
Hey folks! If you would like your name or your business name to receive credit for your sponsorship, please contact me directly with the tx hash and crypto signature of the sending address along with the name you want to be listed in this table.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: prophetx on May 26, 2013, 10:58:19 PM
I will donate about 12 LTC when I get home tomorrow minus the 3+ ltc tx fee from all of my p2pool mining dust this month

I hope at some point something is worked out to help with wallet dust consolidation in the coming releases


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on May 26, 2013, 11:22:36 PM
I will donate about 12 LTC when I get home tomorrow minus the 3+ ltc tx fee from all of my p2pool mining dust this month

I hope at some point something is worked out to help with wallet dust consolidation in the coming releases

https://forum.litecoin.net/index.php/topic,3000.0.html
Read this thread to learn how to combine your dust into larger coins with zero fee.  I don't recommend the "Dust Settler" that the guy is trying to sell in that thread as it is new and nobody audited it.

You may also want to wait until the new lower fee kicks in, which might be in a few weeks.  I will post soon the fee transition plan.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: TrollByFire on May 27, 2013, 04:18:45 AM
While I know I haven't yet built up a reputation here, I've reviewed the sources for the "dust settler".  It's a sound concept, but I'm not happy with his implementation, nor his "forced" donation (which is tucked away in his version of the bitnet client dll).  I'm currently developing a similar application which I'll be publishing (with full sources) within the next week.


Title: Status Update
Post by: wtogami on May 27, 2013, 08:33:53 AM

  • aspect fixed up the artwork and splash layout.
  • weex found that we are currently failing 17 tests.  We are also missing Litecoin specific tests that need to be written.
  • warren is investigating the hang during shutdown bug (https://github.com/bitcoin/bitcoin/issues/2690) that affects both Bitcoin and Litecoin.
  • Heavy testing on testnet is going on this week.  You can help by running 0.6.x nodes on testnet, mining and creating as much spam transactions as possible.  Connect your testnet node to this node, and you can also get some testnet coins from here.  http://testnet.litecointools.com  You can run your own testnet diagnostic panel very easily with aspect's https://github.com/cryptotron/testnet


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: RandyMagnum on May 27, 2013, 06:41:55 PM
Donated! Way to go team!


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: coinotron on May 27, 2013, 07:03:01 PM
70 LTC from coinotron.com (http://coinotron.com)


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: TradeFortress on May 28, 2013, 11:02:37 AM
This thread is stickied? Why? Will every alt coin get a sticky if they make a development fundraising request? If not, why is a moderator deciding which coin who they may have a personal stake in is "worthy" of having a sticky?

I actually hold LTC.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: mkmen on May 28, 2013, 11:53:10 AM
Glad to see this, donation sent.
Looking at the current number of donations.. thought LTC community was way bigger!


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: jubalix on May 28, 2013, 01:29:37 PM
Glad to see this, donation sent.
Looking at the current number of donations.. thought LTC community was way bigger!

Compare to other alts, LTC is much bigger, eg in WDC they managed a donate of 5WDC after a general call out.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: prophetx on May 28, 2013, 04:20:48 PM
I will donate about 12 LTC when I get home tomorrow minus the 3+ ltc tx fee from all of my p2pool mining dust this month

I hope at some point something is worked out to help with wallet dust consolidation in the coming releases

https://forum.litecoin.net/index.php/topic,3000.0.html
Read this thread to learn how to combine your dust into larger coins with zero fee.  I don't recommend the "Dust Settler" that the guy is trying to sell in that thread as it is new and nobody audited it.

You may also want to wait until the new lower fee kicks in, which might be in a few weeks.  I will post soon the fee transition plan.

Yea I read through that thread a couple days ago, doesn't work for me.

Anyway donated 8.7 ltc + 3.2 ltc in tx fees  ;D

hope this gets addressed for the sake of p2pool

http://ltc.block-explorer.com/tx/8ab37f4eff11a706cef383e54e183d154d8f8a9bc31788c51e7fcc0de62cd0b9


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: cdog on May 28, 2013, 10:28:41 PM
Sent some LTC. Everyone should donate a minimum of .1% of all your LTC.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: TradeFortress on May 29, 2013, 12:27:01 AM
This thread is stickied? Why? Will every alt coin get a sticky if they make a development fundraising request? If not, why is a moderator deciding which coin who they may have a personal stake in is "worthy" of having a sticky?

I actually hold LTC.
Repost.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: Brunic on May 29, 2013, 01:01:21 AM
This thread is stickied? Why? Will every alt coin get a sticky if they make a development fundraising request? If not, why is a moderator deciding which coin who they may have a personal stake in is "worthy" of having a sticky?

I actually hold LTC.
Repost.

What's the big deal? It's not like we're talking about Jokecoin or Funnycoin. It's about the clear #1 alt-coin with a network comparable to what Bitcoin had in 2012.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: RandyMagnum on May 29, 2013, 04:44:58 AM
This gets me more excited about the future of LTC than any news about Gox trading it.  Gox trading it is like saying, "Yeah, there will be at least a short-term boom on price."  This, however, gets me to look beyond making a quick buck.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: relm9 on May 29, 2013, 06:40:14 AM
This thread is stickied? Why? Will every alt coin get a sticky if they make a development fundraising request? If not, why is a moderator deciding which coin who they may have a personal stake in is "worthy" of having a sticky?

I actually hold LTC.
Repost.

Seems reasonable to me, LTC is far and away the biggest alt coin, why would it not get special treatment?

Beyond that... there's way too much junk in this section of the forum, and I'm sure 99% of visitors here have an interest in LTC, so it makes sense to sticky it.

You are making yourself look real silly by complaining about this.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: TradeFortress on May 29, 2013, 07:34:32 AM
This thread is stickied? Why? Will every alt coin get a sticky if they make a development fundraising request? If not, why is a moderator deciding which coin who they may have a personal stake in is "worthy" of having a sticky?

I actually hold LTC.
Repost.

Seems reasonable to me, LTC is far and away the biggest alt coin, why would it not get special treatment?

Beyond that... there's way too much junk in this section of the forum, and I'm sure 99% of visitors here have an interest in LTC, so it makes sense to sticky it.

You are making yourself look real silly by complaining about this.
By complaining about preferential treatment? Whoever stickied this is endorsing Litecoin and the current group of developers, which definitely shouldn't be the position a moderator should take. Same thing as the BitInstant sticky in the newbie section a while ago.

How would you feel if a mod stickied "Bitcoin isn't a bubble! It'll grow to $500" in the speculation section, or stickied ASICMINER in the securities section? Even if the moderator did not make the topic, it is still an endorsement. I'm also willing to bet that less than half of the members here (this forum, not this thread obviously) cares about LTC.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: TradeFortress on May 29, 2013, 07:38:49 AM
What's the big deal? It's not like we're talking about Jokecoin or Funnycoin. It's about the clear #1 alt-coin with a network comparable to what Bitcoin had in 2012.
So what? Do you see a sticky for ASICMINER in the securities section? A sticky for Casascius's coin auction in the auction section? A sticky for FastCash4Bitcoins in the Currency Exchanges section? Etc etc etc.

Popularity or being #1 doesn't come into this. You can make the argument that more people care about something than others, but that doesn't mean it's a good idea to sticky it. For example, pretty much every miner cares about BFL even if they have no orders with them (because them shipping will impact the network difficulty significantly), however you should look at what threads are stickied in Mining / Custom Hardware.

It's not the job of the moderation team to curate content that they possibly have a commercial interest in doing so, it's the job of the moderation team to moderate. This is a clear line that has being stepped over.

Oh, and before you think I'm saying this because I support something else, I hold a significant sum of litecoins.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on May 29, 2013, 07:55:59 AM
TradeFortress has a reasonable argument here.  This thread does not need to be stickied to be successful as Litecoin can win on its own merits.

https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0
Thanks to the community we are approaching 2,000 LTC in donations.

https://plus.google.com/104307324656397909502/posts
Please follow the Litecoin Project on Google+ for the latest news.  Important news about p2pool and LTC stratum pool security landed in the past day.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: jubalix on May 29, 2013, 07:57:31 AM
They sticky info like releases candidates and forks in ALTS......for alts......don't they....?

where do you think the line should be drawn???


Also when LTC was released how much mine was there how many coins in the first few weeks? etc





Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: TradeFortress on May 29, 2013, 08:02:48 AM
They sticky info like releases candidates and forks in ALTS......for alts......don't they....?

where do you think the line should be drawn???


Also when LTC was released how much mine was there how many coins in the first few weeks? etc

Stickies about forks have a clear deadline, are applied to every coin, and is not an endorsement. This fundraising is commercial.

It's one story if the same policies are applied to every coin.

I'm surprised that you can't see the obvious line.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: jubalix on May 29, 2013, 08:48:45 AM
They sticky info like releases candidates and forks in ALTS......for alts......don't they....?

where do you think the line should be drawn???


Also when LTC was released how much mine was there how many coins in the first few weeks? etc

Stickies about forks have a clear deadline, are applied to every coin, and is not an endorsement. This fundraising is commercial.

It's one story if the same policies are applied to every coin.

I'm surprised that you can't see the obvious line.

I guess I never really thought about so was interested in your view...especially as I am not sure of the stated, or unstated modus operandi of the BTC forum in relation to these sort of issues?

on one hand development leads to the forks/rc's, and development could lead to a fork, so they seem to inter mesh.

the issue of a clear deadline would need to be set.

I guess I feel that a call to develop for CC's is good, in general,

I can appreciate where you are coming from in specific, as would appear to preference on alt above another rather than let it survive on its merits.

How would you feel about say a mod sticky call from BTC dev for fundraising in this forum, would that be legit????


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: crazy_rabbit on May 29, 2013, 08:56:08 AM
They sticky info like releases candidates and forks in ALTS......for alts......don't they....?

where do you think the line should be drawn???


Also when LTC was released how much mine was there how many coins in the first few weeks? etc

Stickies about forks have a clear deadline, are applied to every coin, and is not an endorsement. This fundraising is commercial.

It's one story if the same policies are applied to every coin.

I'm surprised that you can't see the obvious line.

Tradefortress has a good point.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: TradeFortress on May 29, 2013, 10:29:25 AM
I guess I never really thought about so was interested in your view...especially as I am not sure of the stated, or unstated modus operandi of the BTC forum in relation to these sort of issues?

on one hand development leads to the forks/rc's, and development could lead to a fork, so they seem to inter mesh.

Not sure were you are going? They do lead to each other, but are you saying it is important because it is an announcement of a potential announcement that is more likely to occur?

Quote
the issue of a clear deadline would need to be set.

I guess I feel that a call to develop for CC's is good, in general,

Definitely, but particular examples should not be endorsed officially when it is given special treatment.

Quote
I can appreciate where you are coming from in specific, as would appear to preference on alt above another rather than let it survive on its merits.

Yeah.

Quote
How would you feel about say a mod sticky call from BTC dev for fundraising in this forum, would that be legit????

Assuming you mean the Bitcoin forums (and not literally this forum / Alt Crypto which would be offtopic), then that is fundamentally different. In Alt Cryptocurrencies, it's a shared space where different coins compete with each other. Same thing with the marketplace. However, in the Satoshi client Bitcoin boards, where development for Bitcoind/Bitcoin-qt is not competing with anything else, then there's not much of a problem. It becomes more noncommercial. But say, an Electrum fundraiser NOT in it's own subforum would be competing with the other clients -- same thing we have now.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: coblee on May 29, 2013, 10:40:10 AM
Thanks to everyone for donating! I'm glad to see so much support for Litecoin.
We will definitely put the funds to good use.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: coblee on May 29, 2013, 10:48:13 AM
Kind of silly to argue about whether or not this thread should be stickied. The mining pools thread used to sticky threads for the top 10 pools. I guess this is not much different.
I guess the mods feel like this is an important thread to the Alternate cryptocurrencies subforum. And that's all there is to it.

Since more than half of the cryptocurrencies is cloned from Litecoin, they can all benefit from us working on Litecoin... similar to how Litecoin benefits from all the hard work the Bitcoin devs have put in.

So I guess what I'm trying to say is we should spend less time arguing for the sake of arguing... and just donate! :)


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: jubalix on May 29, 2013, 10:48:54 AM
I guess I never really thought about so was interested in your view...especially as I am not sure of the stated, or unstated modus operandi of the BTC forum in relation to these sort of issues?

on one hand development leads to the forks/rc's, and development could lead to a fork, so they seem to inter mesh.

Not sure were you are going? They do lead to each other, but are you saying it is important because it is an announcement of a potential announcement that is more likely to occur?


...


Yeah just exploring how they merge into each other...releases come from dev work....so it seems they are kinda inta related I think raising coins for dev is ok....maybe ok for sticky maybe not, but there is a general clutter issue in alts.

on tangent to another point you raise, it's sorta interesting that clients get their own child boards. I think alts need a child board for launches/info on coins.

I am not sure why mod's are so opposed to this.

I also think Coblee raises some legit points, LTC is the backbone of many alts, and so its hard to argue that LTC dev will not benefit all alts.

I also can not see anything close in the alts (except PPC) to the DEV organization and team for LTC. Eg Sunny king is probably the next or best dev TRC are probably next but who are they even, and they go rouge on each other, WDC 2 apparently???



Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: TradeFortress on May 29, 2013, 10:54:35 AM
Kind of silly to argue about whether or not this thread should be stickied. The mining pools thread used to sticky threads for the top 10 pools. I guess this is not much different.
I guess the mods feel like this is an important thread to the Alternate cryptocurrencies subforum. And that's all there is to it.

Since more than half of the cryptocurrencies is cloned from Litecoin, they can all benefit from us working on Litecoin... similar to how Litecoin benefits from all the hard work the Bitcoin devs have put in.

So I guess what I'm trying to say is we should spend less time arguing for the sake of arguing... and just donate! :)
Litecoin was a clone of another coin. I think it's distasteful to use that as an argument, and ending the post with "just donate". Regarding your mining pools example: that is a policy, not something on a whim.

The moderators may feel this as an "important thread", however I disagree on that it should be stickied because it is a commercial endorsement. Someone is benefiting from this thread being stickied at the determent of other groups, compared to other important announcements (eg forks) where someone is benefiting but nobody is having a commercial disadvantage.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: ictin on May 29, 2013, 10:55:47 AM
Well, as soon as my first payout from the pool is coming, i will donate 1 day worth of mining. Is not much, only 1 LTC, but if everybody will donate 1 day of mining to the project, then i think that the developers will have enough to get it going.

Regarding TradeFortress arguments, i think i am already familiar with the way is thinking (but is not the only one, most of the guys who made good money mining bitcoin have the same attitude): the developers should get nothing, they should "donate" their time to the project to make other people rich, and if is possible they should also invest some of their own money to get the project going. This is the biggest problem of the crypto currency now, but maybe in time, this will issue will be resolved.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: TradeFortress on May 29, 2013, 10:56:13 AM
Yeah just exploring how they merge into each other...releases come from dev work....so it seems they are kinda inta related I think raising coins for dev is ok....maybe ok for sticky maybe not, but there is a general clutter issue in alts.

on tangent to another point you raise, it's sorta interesting that clients get their own child boards. I think alts need a child board for launches/info on coins.

I am not sure why mod's are so opposed to this.

I also think Coblee raises some legit points, LTC is the backbone of many alts, and so its hard to argue that LTC dev will not benefit all alts.

I also can not see anything close in the alts (except PPC) to the DEV organization and team for LTC. Eg Sunny king is probably the next or best dev TRC are probably next but who are they even, and they go rouge on each other, WDC 2 apparently???



Tenebrix is the backbone of every Litecoin alt. Bitcoin is the backbone of pretty much every alt, including Tenebrix and Litecoin. Litecoin is nothing more than a number of variable changes, seriously.

It is a good thing we don't have subforums for each coin, because it's a waste of time and just look at the current flood of alt coins. But that is a separate matter, please don't go offtopic :)


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: TradeFortress on May 29, 2013, 11:00:13 AM
Regarding TradeFortress arguments, i think i am already familiar with the way is thinking (but is not the only one, most of the guys who made good money mining bitcoin have the same attitude): the developers should get nothing, they should "donate" their time to the project to make other people rich, and if is possible they should also invest some of their own money to get the project going. This is the biggest problem of the crypto currency now, but maybe in time, this will issue will be resolved.

That's not my point. My point is that this is a commercial endorsement, by what I believe is one moderator, on a shared space where it is putting other coins in an unfair disadvantage.  

Funding for cryptocurrencies will evolve to businesses funding developers to work on Bitcoin. Same thing with the Linux kernel - most of the commits are from developers employed by companies. That's not a problem. jgarzik is one example, he's employed by Bit-Pay. Fundraisers / donations are not bad however.

My point is that this thread shouldn't be stickied :)


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: GIANNAT on May 29, 2013, 11:48:02 AM
Regarding TradeFortress arguments, i think i am already familiar with the way is thinking (but is not the only one, most of the guys who made good money mining bitcoin have the same attitude): the developers should get nothing, they should "donate" their time to the project to make other people rich, and if is possible they should also invest some of their own money to get the project going. This is the biggest problem of the crypto currency now, but maybe in time, this will issue will be resolved.

That's not my point. My point is that this is a commercial endorsement, by what I believe is one moderator, on a shared space where it is putting other coins in an unfair disadvantage.  

Funding for cryptocurrencies will evolve to businesses funding developers to work on Bitcoin. Same thing with the Linux kernel - most of the commits are from developers employed by companies. That's not a problem. jgarzik is one example, he's employed by Bit-Pay. Fundraisers / donations are not bad however.

My point is that this thread shouldn't be stickied :)

There were other discussion stickied about other coin reguarding important announcement, this is not a LTC privilege.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: mmitech on May 29, 2013, 01:23:23 PM
Regarding TradeFortress arguments, i think i am already familiar with the way is thinking (but is not the only one, most of the guys who made good money mining bitcoin have the same attitude): the developers should get nothing, they should "donate" their time to the project to make other people rich, and if is possible they should also invest some of their own money to get the project going. This is the biggest problem of the crypto currency now, but maybe in time, this will issue will be resolved.

That's not my point. My point is that this is a commercial endorsement, by what I believe is one moderator, on a shared space where it is putting other coins in an unfair disadvantage.  

Funding for cryptocurrencies will evolve to businesses funding developers to work on Bitcoin. Same thing with the Linux kernel - most of the commits are from developers employed by companies. That's not a problem. jgarzik is one example, he's employed by Bit-Pay. Fundraisers / donations are not bad however.

My point is that this thread shouldn't be stickied :)

your arguments are invalid, you want to know why ? because I say so. just go back to your posts and scroll down and read what you are writing, I think you hate LTC that much that you became confused.

and just do not wine about how you own some LTC because this changes nothing, it is the same like I have a job that I love but a team that I hate, but I make a decent money and this is why I am not complaining about it, it is like BTC/LTC you love BTC but you hate LTC. I went back to look to your posts, you didn't leave a chance without showing your hate for LTC.


Edit: I take back the get out of here, actually you can do/write what ever you want.  


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: RandyMagnum on May 29, 2013, 02:27:25 PM
Get a room you guys.

Donated again!


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: CLains on May 29, 2013, 05:58:18 PM
What people forget is that it is unfair that Litecoin, and all the other major alt currencies with a long history and dedicated community, are not given their own section on the forum, and have to compete with all the sensationalist rubbish that surrounds new coins. As newbs can only post in the newbie section of the forum, I think most new alt currencies should be confined to a "new alt currencies" forum. How to mark the distinction? As with the newb section, this forum seems completely content with arbitrary barriers (4 hours and 4 or so posts before one can post elsewhere).

Core development fundraising is a productive event that focuses on long term enhancement of the alternative cryptocurrencies. It is not spectacular, it is not sensational, it does not automatically draw attention - in fact, it is a rather boring affair. However, it is important because Litecoin has sufficient adherents to contribute a significant sum towards a substantial core development effort. It clearly contributes as research and development that benefits the community as a whole.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: TradeFortress on May 29, 2013, 09:54:19 PM
Regarding TradeFortress arguments, i think i am already familiar with the way is thinking (but is not the only one, most of the guys who made good money mining bitcoin have the same attitude): the developers should get nothing, they should "donate" their time to the project to make other people rich, and if is possible they should also invest some of their own money to get the project going. This is the biggest problem of the crypto currency now, but maybe in time, this will issue will be resolved.

That's not my point. My point is that this is a commercial endorsement, by what I believe is one moderator, on a shared space where it is putting other coins in an unfair disadvantage.  

Funding for cryptocurrencies will evolve to businesses funding developers to work on Bitcoin. Same thing with the Linux kernel - most of the commits are from developers employed by companies. That's not a problem. jgarzik is one example, he's employed by Bit-Pay. Fundraisers / donations are not bad however.

My point is that this thread shouldn't be stickied :)

There were other discussion stickied about other coin reguarding important announcement, this is not a LTC privilege.
This is an commercial advertisement for the current Litecoin devs as well as litecoin. It is not an important announcement or PSA.

The problem here is Litecoin given preferential treatment. Tell me how is this different from a moderator sticking a service. There are people who financially profit (that is not bad alone), at the clear determent of competitors using an unfair advantage decided by one person that hasn't shown up even with a PM.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wizzardTim on May 29, 2013, 10:02:42 PM
Thank you LTC development team. Donation is coming as soon as I setup my mining rig. Thank you.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: TradeFortress on May 29, 2013, 10:03:35 PM
If you are a litecoin supporter and greed is known for changing your views, replace Litecoin with Sexcoin or whatever. What coin it is or it's popularity has nothing to do with this (otherwise catch 22). It's like how I profited from the BFL bet declared a push but I consider betsofbitcoin a scammer. Your personal motivations needs to be ignored when you are asking if something is fair or not.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: CoinHoarder on May 30, 2013, 12:13:37 AM
TradeFortess:

Other ALT coins in recent history have been given stickies in this sub forum for important threads.

So, you're saying Litecoin shouldn't be given the same opportunity because it's unfair? That line of thinking actually sounds quite unfair to Litecoin to me.

I notice that you didn't rage when Terracoin/Feathercoin threads were stickied, but now because it's Litecoin you all the sudden have a problem with it?

Like it or not, Litecoin is the most valuable and widely adopted ALT coin. It deserves a sticky every now and then IMO.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: TradeFortress on May 30, 2013, 12:37:14 AM
With all due respect, do you even have basic reading comprehension?

THIS IS NOT AN IMPORTANT FORK ANNOUNCEMENT. ACTION IS NOT *NEEDED* ON THE PART OF USERS. IT IS A COMMERCIAL ADVERTISEMENT.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: CoinHoarder on May 30, 2013, 12:40:45 AM
With all due respect, do you even have basic reading comprehension?

THIS IS NOT AN IMPORTANT FORK ANNOUNCEMENT. ACTION IS NOT *NEEDED* ON THE PART OF USERS. IT IS A COMMERCIAL ADVERTISEMENT.

Action IS needed on the part of users.

Litecoin will die a slow death without further development and innovation, just like Terracoin/Feathercoin would have died if they were 51% attacked.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: TradeFortress on May 30, 2013, 12:42:04 AM
I notice that you didn't rage when Terracoin/Feathercoin threads were stickied, but now because it's Litecoin you all the sudden have a problem with it?

Like it or not, Litecoin is the most valuable and widely adopted ALT coin. It deserves a sticky every now and then IMO.
There was no "fundraising" (this is begging BTW) thread stickied for any alt coin.

Litecoin is not the most valuable alt coin, and just because something is the most popular it does NOT deserve a sticky because of it's popularity. Stickies should be awarded based on importance, and chain forks are not the same as begging.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: TradeFortress on May 30, 2013, 12:45:25 AM
With all due respect, do you even have basic reading comprehension?

THIS IS NOT AN IMPORTANT FORK ANNOUNCEMENT. ACTION IS NOT *NEEDED* ON THE PART OF USERS. IT IS A COMMERCIAL ADVERTISEMENT.

Action IS needed on the part of users.

Litecoin will die a slow death without further development and innovation, just like Terracoin/Feathercoin would have died if they were 51% attacked.
LOL, are you fucking serious? ACTION IS NOT NEEDED ON THE PART OF USERS. Why doesn't all the alt coins get the same treatment? Popularity does not come to this, otherwise it is unfair because this forum is for ALL alt coins, not the most popular ones


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: CoinHoarder on May 30, 2013, 12:55:56 AM
I notice that you didn't rage when Terracoin/Feathercoin threads were stickied, but now because it's Litecoin you all the sudden have a problem with it?

Like it or not, Litecoin is the most valuable and widely adopted ALT coin. It deserves a sticky every now and then IMO.
There was no "fundraising" (this is begging BTW) thread stickied for any alt coin.

Litecoin is not the most valuable alt coin, and just because something is the most popular it does NOT deserve a sticky because of it's popularity. Stickies should be awarded based on importance, and chain forks are not the same as begging.

Begging is what bums do on the street, they then go buy Booze. Soliciting donations is more of a proper term for what they're doing. The Litecoin development team will improve Litecoin with your donations, which is mutually beneficial to Litecoin and all ALT coins (and then maybe buy some booze afterwards). But, the point is that everyone is actually reaping the benefits of donations, not just one guy that goes and gets drunk.

Why is this mutually beneficial to all ALT coins? Let's face it, Litecoin is the ALT coin golden child. Every new coin is striving to be like Litecoin and imitate the success Litecoin has had. The more successful Litecoin is, the more likely more people are to speculate in other ALT coins, and with deeper pockets too. If Litecoin is successful, it is a gateway to more people getting into the ALT coin community, and developing other coins.

I am trying to explain the same effect Bitcoin had for Litecoin. You think Litecoin would be worth 3$ right now if Bitcoin hadn't gone on a huge surge in value and adoption? Think again. But, it's obvious you're going to argue until you're blue in the face about this so I will just leave you with this:

TradeFortress - "Litecoin is not the most valuable alt coin."

              Market Cap in BTC
 Bitcoin   11215025
 Litecoin   420167
 Namecoin   35553
 PPCoin   26357
 NovaCoin   9376
 Terracoin   5747
 Devcoin   5484
 Feathercoin 5078
 Freicoin   4847
 ChinaCoin   2834
 Mincoin   1051
 Ixcoin   825
 BBQCoin   756


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: CoinHoarder on May 30, 2013, 12:57:10 AM
Read the above post very carefully, I make a very strong point for this thread being stickied.

It is something ANY ALT coin user should approve of for the reasons I stated in that post alone.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: TradeFortress on May 30, 2013, 01:16:17 AM
Market cap, yes. It is not the most valuable coin because there are coins where 1 unit > Litecoin's price. This discussion is offtopic to the thread however.

Most of your points are because of your love of Litecoin (aka opinion), which under any forum not run by a 13 year old Xbox clan does not stand as a valid argument.

The begging is from a group of developers who have done nothing other than change variable names and merge changes back to LTC. They didn't write scrypt, they didn't implement scrypt, they didn't do anything useful. Litecoin has a valuation, however that valuation like Bitcoin is speculation based rather than usefulness / inventiveness / the benefits to other alt coins.

Quote
Why is this mutually beneficial to all ALT coins? Let's face it, Litecoin is the ALT coin golden child.

MtGox is the exchange golden child.

Quote
Every new coin is striving to be like Litecoin and imitate the success Litecoin has had.

Every new exchange is striving to imitate the success of Gox.

Quote
The more successful Litecoin is, the more likely more people are to speculate in other ALT coins,

This argument is flawed.

So, please explain to me how stickying MtGox as an official endorsement in the Currency Exchange section is beneficial to ALL exchanges, including BTC-e and Bitstamp and blah blah. This is why something being POPULAR is ABSOLUTELY NOT a reason for commercial endorsement by this forum, because it is not fair to other coins.

Remove all names on this subject. Think about it from an abstract and policy level.

"Should the most popular commercial project or service have a sticky for a non-PSA announcement at the determent of other competitors?"

Should BFL be sticked for anything other than important announcements?

Should MtGox be sticked for anything other than important announcements?

Should ASICMINER be stickied for anything other than important announcements?

Should Casascius (brand of coin) be stickied for anything other than important announcements?

Should Litecoin be stickied for anything other than important announcements?

This is not an important announcement. I am happy to express my arguments on this issue, however before we get to that step you need to conclude your current arguments. http://twentytwowords.com/2011/03/15/a-flowchart-to-help-you-determine-if-youre-having-a-rational-discussion/


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: CoinHoarder on May 30, 2013, 01:20:25 AM
Actually, my argument is quite sound.

Your rebuttal is flawed in the fact that Mt. Gox is not a decentralized crypto currency and is a private for-profit business.

You are grasping for straws, because I hope you realize my point has validity. If you don't realize that, you are dumb or a troll.. I'll let everyone guess which one..  ;)

Try again.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: TradeFortress on May 30, 2013, 01:28:51 AM
Answer these set of questions:

Should BFL be sticked for anything other than important announcements?

Should MtGox be sticked for anything other than important announcements?

Should ASICMINER be stickied for anything other than important announcements?

Should Casascius (brand of coin) be stickied for anything other than important announcements?

Should P2Pool be sticked for anything other than important announcements?

Should Litecoin Core Developers (a group of central developers seeking PAY) be stickied for anything other than important announcements?

Your answer must be the same for all of the 6 questions, either YES to all or NO to all, otherwise you are letting opinion influence policy. I included the P2Pool example to counter your "decentralization" argument, because development is not done in a decentralized manner in ANY open source project.

The litecoin core dev group is commercial.

While Litecoin is decentralized on the network level, there are a group of people who would benefit from LTC, and a group of people who would not. This is still for profit.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: TradeFortress on May 30, 2013, 01:32:18 AM
1. Will you profit in a financial way if LTCUSD doubles?

A: Yes -> It is for profit.

-----

If you are unwilling to argue on an abstract and policy level compared to a case by case level where your opinions, instead of logic, is used, then I am unwilling to discuss the subject with you.

I usually do not debate people on religion-like issues because it is not a productive use of time, however intelligent people are able to separate their own views from logical thinking and decision making. I am not convinced you are able to do that.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: CoinHoarder on May 30, 2013, 01:39:36 AM
You completely disregarded my valid argument with comparisons that do not even portray the situation correctly, and asked me questions in a way that they will get the answer you're looking for. Anyone can do that on any subject to get a certain response they want.

Like I said, you're obviously a troll and I'm not going to sit here and argue with you all night, I've got things to do.

If you can't see why this is good for the ALT coin community after I spelled it out for you in a detailed post, then you are dumb.

Troll on sir..


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: TradeFortress on May 30, 2013, 01:43:44 AM
You completely disregarded my valid argument with comparisons that do not even portray the situation correctly, and asked me questions in a way that they will get the answer you're looking for. Anyone can do that on any subject to get a certain response they want.

Like I said, you're obviously a troll and I'm not going to sit here and argue with you all night, I've got things to do.

If you can't see why this is good for the ALT coin community, then you are dumb.

Troll on sir..
Your argument is not valid. Repeating the same things again and again does not make it true. The forum endorsing the "golden child" does not benefit everyone.

ASSUMPTION: Litecoin being more successful will benefit other alt coins.
Not backed by evidence. Looking at historical trade data, LTC being more successful does not benefit other alt coins

Even if we assume that is true, economics is a zero sum game. Let us IMAGINE that what you are saying is true (it is not, you have no evidence and analysis of trade data shows nothing):

LTC: +7
ABC: +2
CBA: +1

Actual:

ABC: -5
CBA: -6

Do you think printing more money is the solution? When you make a profit, it does not come out of nowhere, SOMEONE ELSE JUST MADE A LOSS.

This proves that EVEN if all coins 'benefit' (which you have not supported with evidence), other coins are not really benefiting.

I appreciate how you backed out of discussion by calling me a "troll". It's what children use, it is not what adults use in a discussion


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: CoinHoarder on May 30, 2013, 01:48:09 AM
I have mining rigs that are down that take priority over sitting here and arguing with you. Also I'd like to play a video game or two before going to sleep for work tomorrow. I have been on these forums since I got off work today for hours. Sorry, you are not special enough for me to waste my time to explain my point to a retard troll like you.

The only evidence needed for my argument is current evaluation of Bitcoin and Litecoin, and how Bitcoin spring boarded Litecoin adoption and value. You are so so so stupid to try to argue against this point.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: TradeFortress on May 30, 2013, 01:51:34 AM
Quote from: CoinHoarder
I have mining rigs that are down that take priority over sitting here and arguing with you. Also I'd like to play a video game or two before going to sleep for work tomorrow. I have been on these forums since I got off work today for hours. Sorry, you are not special enough for me to waste my time to explain my point to a retard troll like you.

The only evidence needed for my argument is current evaluation of Bitcoin and Litecoin, and how Bitcoin spring boarded Litecoin adoption and value. You are so so so stupid to try to argue against this point.

Quoting. Thanks, this is what I need, whatever you said is now entirely discredited to every logical person. Take a look back, you are very religious. "I don't need evidence", "the only evidence needed is [insert uncorrelated and irrelevant evidence here]", "retard troll".

I'm a bit disappointed. It's always good to have rational arguments with other people, regardless of which sides comes up in the end, but I expect too much from someone who I previously had respect for.

Some tips for next time:

Do not waste my time if you are not prepared to change your views.

Do not back out of a discussion with personal accusations and insults.

Bring evidence to support your arguments. Evidence must be relevant, and is not opinion, unless it is of many.

---

Let's get back on topic:

"Should the most popular commercial project or service have a sticky for a non-PSA announcement at the determent of other competitors?"


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: CoinHoarder on May 30, 2013, 01:59:37 AM
I give the same respect to others as is given to me. I was quite respectful in my first response to you, but you responded in a trollish/rude manner, so that's what you get back in return.

Ok, I'm seriously out of here now. You are so stupid that I feel my brain cells melting with each word I read that is written by you.

By the way, you cant discredit a completely valid argument, even if the person who gave that argument has vested interest in the subject, because the argument is sound regardless.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: TradeFortress on May 30, 2013, 02:02:22 AM
I give the same respect to others as is given to me. I was quite respectful in my first response to you, but you responded in a trollish/rude manner, so that's what you get back in return.

Ok, I'm seriously out of here now. You are so stupid that I feel my brain cells melting with each word I read that is written by you.

By the way, you cant discredit a completely valid argument, even if the person who gave that argument has vested interest in the subject, because the argument is sound regardless.

Sure you can, especially when the argument is not valid (you keep saying it's valid, it is not, saying something again and again does not just make it valid). I've refuted it twice already, do you want me to do it another time?

Have a good day, and let's not crowd this post with offtopic and irrelevant insults.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: jubalix on May 30, 2013, 02:52:18 AM
If I may say I have found both TF and CH very good and fair people to deal with. I hope to some extent this may diffuse any hard feelings, among you both who have considerable standing in this community.

I think a subtle point of elision in this is where the slippage is between deving and releasing a fork occurs and issues are arising out of structural issues of this fora.

Deving eventually may lead to a fork. It seems there is no issue with having a fork sticky, (though I leave this open if anyone wants to challenge this as legitimate). Thus where is the line between them, and around that question is perhaps where the sides of this argument may center.

Also at what point the the dissemination of information about alts/ development slip into commercial activity.

For example if a Fork was released and it also included, next fork on such and such a date,  donate here.

I apologize if I misrepresent any one, I see the thrust of the arguments as follows.

I think TF point is
[1] he pays out  advertising for commercial concerns on this site, why should some get a free ride,
[2]why should one alt be put above another?
[3]Also TF points do not "donators" to LTC in hope to profit. CUI BONO? thus is commercial Q.E.D
[4] and more

On the other hand CH I think is alluding to
[1]the greater good that will come of LTC DEV,
[2] other coins have sticky's about important issues.
and it not the major cross roads for alts the legitimate and proper place to do this?
[3] and more.


Both views have legitimate points. The reconciliation though it not easy.

I humbly point to and earlier point that I think some if these issues are arising out of the structural nature of the board in alts. For example the alt clients have an electrum child, and it would be legit I think to put up a request for donations there and no one would complain  (I accept this is slightly different point though).

The Alt board itself has reconised the clutter issue. I almost feel we need a separate ALTS forum/org, though that has a myriad of issues, with size of btcointalk and I doubt they would redirect traffic, versus their hesitance at the moment to make child boards. Eg DEV, ALTS ANN, FORKS or something like it would go some way to ameliorate the problems.





Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: CoinHoarder on May 30, 2013, 03:39:26 AM
I apologize for my tone earlier.. I've had a little bit to drink tonight.  ;)

Enough derailing this thread with such an important purpose.

I believe in the future of Litecoin and I hope everyone donates for at least a little bit. I seriously own less than 1 Litecoin at the moment, but I believe in it will succeed more than any other ALT coin. Even if you're not a Litecoin supporter, Litecoin is important in the ALT ecosystem in the way that Bitcoin is important to the Litecoin value.

I'm pointing my rigs their way for a while. Hopefully it helps.. got another 2Mh while I was not busy arguing on forums. *fist pump*

I'm looking forward to some improvements in the Litecoin protocol!


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: mullick on May 30, 2013, 04:33:14 AM
Sending some LTC your way. I hope it helps


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: TradeFortress on May 30, 2013, 05:15:15 AM
I apologize for my tone earlier.. I've had a little bit to drink tonight.  ;)

Enough derailing this thread with such an important purpose.

I believe in the future of Litecoin and I hope everyone donates for at least a little bit. I seriously own less than 1 Litecoin at the moment, but I believe in it will succeed more than any other ALT coin. Even if you're not a Litecoin supporter, Litecoin is important in the ALT ecosystem in the way that Bitcoin is important to the Litecoin value.

I'm pointing my rigs their way for a while. Hopefully it helps.. got another 2Mh while I was not busy arguing on forums. *fist pump*

I'm looking forward to some improvements in the Litecoin protocol!

Sure, but that doesn't mean this thread should be stickied. "Litecoin is important in the ALT ecosystem" isn't backed by evidence yet again, but like I already said that doesn't mean an authority should encourage litecoin while it harms other alt coins. ANY alt cryptocurrency succeeding benefits cryptocurrencies in general (but not any other coin), and it's true that force can be bigger than the userbase they steal from other alt coins. However, this is not specific to litecoin. If Terracoin is suddenly worth $100, then what? It's not specific to Litecoin.

Example: Call of Duty being very successful may increase sales of Battlefield (or people stop buying BF and just buy COD). However, the marketshare of Battlefield would still decrease. Should a government (authority) who should be neutral make a law requiring TVs to give Call of Duty free advertising spots? [sarcasm]Because it would benefit Battlefield too!![/sarcasm].

I should make it clear that it's not I don't want Litecoin to succeed. It's that this moderator action is completely out of the role of this forum, and may be a conflict of interest. This forum should be a NEUTRAL place with no alt coin giving any special preference. Let me quote this:

Quote
People are free to support whatever coin they want. Just because a coin has been longer established does not make it better than a new coin. With that, there would be no fair way to judge which coins make the official coin list, as it would either be by staff decision, which isn't fair, or public decision, which has plenty of opportunities for abuse, such as intentionally keeping out new coins in order to keep held coin value high, aka self interest.
- SaltySpitoon. Bold mine.

If I may say I have found both TF and CH very good and fair people to deal with. I hope to some extent this may diffuse any hard feelings, among you both who have considerable standing in this community.

I think a subtle point of elision in this is where the slippage is between deving and releasing a fork occurs and issues are arising out of structural issues of this fora.

Thanks. I don't think this is important. Development can lead to forks, so what? A fundrasier thread is very disconnected from fork PSAs.

Also, let's take a look at our current stickies:

[LTC] Litecoin Core Development Fundraising
PSA: No
Applies to all alt coins: No

Be safe: READ THIS BEFORE TRADING/BUYING/USING YOUR MONEY
PSA: Yes
Applies to all alt coins: Yes

Alternative Block Chains : be safe!
PSA: Yes
Applies to all alt coins: Yes

Declutter Solutions
PSA: Hard to say, but it is a formal moderator announcement
Applies to all alt coins: Yes

A previous sticky:

[FRC] - Difficulty Adjustment fork SUCCESSFUL!
PSA: Yes
Applies to all alt coins: No


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: TradeFortress on May 30, 2013, 05:30:52 AM
Crossposted: https://bitcointalk.org/index.php?topic=219781.0


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: relm9 on May 30, 2013, 06:05:41 AM
On the subject of neutrality, let me just say a sticky like this is a small part of the problem. For one there's lots of manipulation going on here by the users themselves. There's very little actual discussion going on in many of the threads, other than constant back-and-forth accusations and people bumping threads with worthless replies just to get the coin they premined back on page one. Some even have alt accounts that post trading threads with fabricated buy and sell orders in hopes of drumming up interest.

This forum definitely needs to be divided into subforums, perhaps actual discussions can take place in the main forum, while any ALT coin releases or announcements go in a subforum. Likewise, any trading should go in a dedicated subforum to reduce clutter. It's not the end-all solution by any means but may improve things.

So yes, to keep things neutral this topic should probably be un-stickied, I can agree there... but then the rest of the forum needs a massive cleanup and stricter moderation to keep things fair. This is partially why I saw no problem whatsoever with this topic at first glance.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: Brunic on May 30, 2013, 07:00:13 AM
Some good arguments.

TradeFortress, I must say that you bring good arguments, and in a normal subsection of the forum, you would have convinced me.

The thing is, the alt-forum is a mess. You have the general/technical/pools/mining/important announcement/marketplace sections of every alt-coins crammed at the same place. Why this topic should have privilege? Simply because this topic is easily more important than 95% of the bullcrap in this subsection. I think you can agree with me that the quality of this subsection is pretty low and that more important topics get easily lost in the sea of spam.

This topic being stickied is only a symptom of the real problem, the current low quality of the alt-coin subsection.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: jubalix on May 30, 2013, 07:07:00 AM
Some good arguments.

TradeFortress, I must say that you bring good arguments, and in a normal subsection of the forum, you would have convinced me.

The thing is, the alt-forum is a mess. You have the general/technical/pools/mining/important announcement/marketplace sections of every alt-coins crammed at the same place. Why this topic should have privilege? Simply because this topic is easily more important than 95% of the bullcrap in this subsection. I think you can agree with me that the quality of this subsection is pretty low and that more important topics get easily lost in the sea of spam.

This topic being stickied is only a symptom of the real problem, the current low quality of the alt-coin subsection.

Yes this is very close to my point....!!! well said


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: Brunic on May 30, 2013, 07:16:47 AM
I love the irony, the topic has been un-stickied.  ;D



Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: John (John K.) on May 30, 2013, 07:51:01 AM
I unstickied it. I find it ironic that when the policy was to not give preferential treatment to any coin, but this was stickied.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: prophetx on May 30, 2013, 09:09:56 AM
Next time you guys need to clutter a thread with your arguing about the status of a thread can  you please start a seperate thread, and not clutter it with pissing on each other... when most of us don't care about these side arguments....

Thanks in advance   ;)


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on May 30, 2013, 10:38:44 AM
TradeFortress has a reasonable argument here.  This thread does not need to be stickied to be successful as Litecoin can win on its own merits.

https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0
Thanks to the community we are approaching 2,000 LTC in donations.

https://plus.google.com/104307324656397909502/posts
Please follow the Litecoin Project on Google+ for the latest news.  Important news about p2pool and LTC stratum pool security landed in the past day.

I remind this thread that I, the lead developer of Litecoin-0.8.2, asked the moderator to unsticky this thread because it is unnecessary for it to be successful.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: CLains on May 30, 2013, 01:21:53 PM
Brunic, jubalix and I see the same essential point. Given the state of this alt forum, the sticky is warranted. De clutter problems has obviously not been solved yet.

Frankly, it is embarassing that coblee is confined to post in this section. Slow, productive, thoughtful discussions of Litecoin, Devcoin, PPC, and Namecoin are infinitely more interesting than the threads dominating for attention in this section. And yet, the only way to stay afloat is to post constantly, which gives priority to spam threads.

This thread is currently on the third page (before I posted naturally - and I posted only because of this useless argument). Logic is useless in the face of an irrational forum. For instance, if coblee had put "0.1 litecoins for every prime number post!" in the title he would automatically do the work of stickying the thread, but it would further contribute to the hogwash. Thus, his rationality in the face of the structure of the forum would lead to global irrationality (spam threads everywhere cluttering up the system).


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: RandyMagnum on May 30, 2013, 03:00:48 PM
tiny donation, but another still.

This lawless mess of a alt section should have sub-sections dedicated to coins over a certain, minimum market cap.  Then, all other coins have to fight it out in the thunderdome that is the alt-currency section now.  Someday, if they succeed in making it to the minimum market cap, Oprah comes out and says, "YOU GET A SUB-SECTION!"  For now, it looks like a garbage dump around this area.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: crazy_rabbit on May 30, 2013, 03:15:57 PM
The problems with Alt-coins form clutter would be solved if people just used the Litecoin forums for litecoin talk. It's all litecoin, all the time. But until people make the switch, yeah, it's going to be chaos here.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: CoinHoarder on May 30, 2013, 04:14:01 PM
eh whatever, sticky or no sticky, we can still bump it.

BUMP.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: tacotime on May 30, 2013, 04:20:18 PM
Sent a block.  Looking forward to 0.8.1+ version.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: crazy_rabbit on May 30, 2013, 04:24:25 PM
eh whatever, sticky or no sticky, we can still bump it.

BUMP.

true, true. bump. :-)


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: adpinbr on May 30, 2013, 05:19:58 PM
bump this should def be sticky...stop being so politically correct about it. Obama got elected cause he was black, doesn't mean he can't be a good president


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: efodix on May 30, 2013, 06:16:16 PM
TradeFortress has a reasonable argument here.  This thread does not need to be stickied to be successful as Litecoin can win on its own merits.

https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0
Thanks to the community we are approaching 2,000 LTC in donations.

https://plus.google.com/104307324656397909502/posts
Please follow the Litecoin Project on Google+ for the latest news.  Important news about p2pool and LTC stratum pool security landed in the past day.

Yeah, great news - if you're small don't use p2pool.  And even if you're not that small, you still have to wait for weeks to use coins without paying huge fees. It's slower and more expensive than a bank transfer or paypal ffs.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: relm9 on May 30, 2013, 06:22:06 PM
eh whatever, sticky or no sticky, we can still bump it.

BUMP.

Another bump :)

Sad this was un-stickied when nothing else is being done about the other crap on this forum. So much for being neutral.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: Brunic on May 30, 2013, 06:40:03 PM
2000!  :)


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on May 30, 2013, 07:15:23 PM
eh whatever, sticky or no sticky, we can still bump it.

BUMP.

Another bump :)

Sad this was un-stickied when nothing else is being done about the other crap on this forum. So much for being neutral.

Please, no need for spam bumps.  Bump it when people announce their donations.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: flound1129 on May 30, 2013, 07:54:01 PM
I'm confused as to why there are donations needed for LTC development.  If LTC is the "one true altcoin" and you guys (the devs) have been mining since release then you should have plenty of LTC sitting around to sell off and pay yourselves with.

Or have the devs cashed out all their coins for BTC and fiat already?

It's a legitimate question; if the devs are not invested in their own coin then why should the community believe in it?  Is this why the coin has lost 30% of its value relative to BTC in the past month?


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: coblee on May 30, 2013, 08:18:24 PM
I'm confused as to why there are donations needed for LTC development.  If LTC is the "one true altcoin" and you guys (the devs) have been mining since release then you should have plenty of LTC sitting around to sell off and pay yourselves with.

Or have the devs cashed out all their coins for BTC and fiat already?

It's a legitimate question; if the devs are not invested in their own coin then why should the community believe in it?  Is this why the coin has lost 30% of its value relative to BTC in the past month?

Since the beginning, there has been one dev (me) with some help from a few of people like pooler and fanquake. And as you can see work has been slow because I have another job and I'm doing this on my free time. To push things forward, I'd like to get more devs involved and that requires some funding to incentivize people to work on it. For example, Warren has done a tremendous job in leading the efforts to rebase our code to Bitcoin 0.8.2. He's new to Litecoin so he's not invested in the coin. So part of the funds will be used to both pay for his work and to get him invested in the coin. And part of the funds will be used to pay for the infrastructure and maintenance costs of serving the homepage, wiki, forum, explorers, dnsseeds, etc. I personally will not be accepting anything from the fund.

All disbursements of this fund will be made public here: https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=1

If people think that we are already rich and just begging for more money, no one is forcing them to donate. But it is pretty clear that a lot of users want to give back to Litecoin development and have donated already. We will put these funds to good use. Thanks.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on May 30, 2013, 08:20:33 PM
I'm confused as to why there are donations needed for LTC development.  If LTC is the "one true altcoin" and you guys (the devs) have been mining since release then you should have plenty of LTC sitting around to sell off and pay yourselves with.

Or have the devs cashed out all their coins for BTC and fiat already?

It's a legitimate question; if the devs are not invested in their own coin then why should the community believe in it?  Is this why the coin has lost 30% of its value relative to BTC in the past month?

I wrote earlier explaining this issue.

http://www.reddit.com/r/litecoin/comments/1f0sz4/litecoin_core_development_fundraising/
Quote
Hi. I am Warren Togami, the lead developer on Litecoin-0.8.x. I am better known as the Founder of the Fedora Project, and I have worked on other open source projects like Spamassassin, K12Linux and Cyanogenmod. I spent the last two years in grad school. I need to clarify some points here.
  • coblee said he will not accept any of these donations for himself.
  • Donations first will go toward reimbursing server hosting expenses for various infrastructure that benefit the entire Litecoin community. This includes the homepage, wiki, three explorers (for redundancy), permanent testnet nodes, dnsseeds, and automated security monitoring infrastructure.
  • I discovered Litecoin very late (March 2013) when I began mining, so I currently have very little. My operating theory is that if I can build a meaningful stake and hold it for a long time, it enhances the personal incentive for me to fix the software and to further work on tools and clients to foster vendor integration. If I am successful with these goals, then LTC will grow in value due to its increased use as a medium of exchange in commerce. Thus it makes sense for me to hold on to it in the long-term.
In any case, these donations aren't going to a "rich developer".


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: soma13 on May 30, 2013, 09:04:34 PM
small ltc donation, but it's about 15% of my current holdings.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: flound1129 on May 30, 2013, 09:44:25 PM

I wrote earlier explaining this issue.

http://www.reddit.com/r/litecoin/comments/1f0sz4/litecoin_core_development_fundraising/
Quote
Hi. I am Warren Togami, the lead developer on Litecoin-0.8.x. I am better known as the Founder of the Fedora Project, and I have worked on other open source projects like Spamassassin, K12Linux and Cyanogenmod. I spent the last two years in grad school. I need to clarify some points here.
  • coblee said he will not accept any of these donations for himself.
  • Donations first will go toward reimbursing server hosting expenses for various infrastructure that benefit the entire Litecoin community. This includes the homepage, wiki, three explorers (for redundancy), permanent testnet nodes, dnsseeds, and automated security monitoring infrastructure.
  • I discovered Litecoin very late (March 2013) when I began mining, so I currently have very little. My operating theory is that if I can build a meaningful stake and hold it for a long time, it enhances the personal incentive for me to fix the software and to further work on tools and clients to foster vendor integration. If I am successful with these goals, then LTC will grow in value due to its increased use as a medium of exchange in commerce. Thus it makes sense for me to hold on to it in the long-term.
In any case, these donations aren't going to a "rich developer".

Hey Warren,

I also joined the community fairly recently.  Unfortunately, your reply doesn't really address my point (and in some ways reinforces it).  Don't get me wrong, I think it's great that there are new people who are motivated to work on Litecoin and are willing to do so for free, in their spare time.  I have donated my own resources to LTC by providing a fee-free mining pool for people to use.

My concern is that the original developers lack either the desire or motivation to work on the coin.  This suggests to me that they themselves do not have a meaningful stake anymore; If they did have a large stake and just did not have the time to work on the coin then it would be easy for them to simply to use some of their LTC to pay someone to work on the coin.  But this 'asking for donations' bit confuses me.  It seems like anyone who truly believed in LTC and mined it from the beginning should have quite a bit of it, and therefore there should not be a reason to ask the community who are already giving their resources to donate.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: disclaimer201 on May 30, 2013, 10:07:22 PM
bump.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: RandyMagnum on May 30, 2013, 10:18:52 PM

I wrote earlier explaining this issue.

http://www.reddit.com/r/litecoin/comments/1f0sz4/litecoin_core_development_fundraising/
Quote
Hi. I am Warren Togami, the lead developer on Litecoin-0.8.x. I am better known as the Founder of the Fedora Project, and I have worked on other open source projects like Spamassassin, K12Linux and Cyanogenmod. I spent the last two years in grad school. I need to clarify some points here.
  • coblee said he will not accept any of these donations for himself.
  • Donations first will go toward reimbursing server hosting expenses for various infrastructure that benefit the entire Litecoin community. This includes the homepage, wiki, three explorers (for redundancy), permanent testnet nodes, dnsseeds, and automated security monitoring infrastructure.
  • I discovered Litecoin very late (March 2013) when I began mining, so I currently have very little. My operating theory is that if I can build a meaningful stake and hold it for a long time, it enhances the personal incentive for me to fix the software and to further work on tools and clients to foster vendor integration. If I am successful with these goals, then LTC will grow in value due to its increased use as a medium of exchange in commerce. Thus it makes sense for me to hold on to it in the long-term.
In any case, these donations aren't going to a "rich developer".

Hey Warren,

I also joined the community fairly recently.  Unfortunately, your reply doesn't really address my point (and in some ways reinforces it).  Don't get me wrong, I think it's great that there are new people who are motivated to work on Litecoin and are willing to do so for free, in their spare time.  I have donated my own resources to LTC by providing a fee-free mining pool for people to use.

My concern is that the original developers lack either the desire or motivation to work on the coin.  This suggests to me that they themselves do not have a meaningful stake anymore; If they did have a large stake and just did not have the time to work on the coin then it would be easy for them to simply to use some of their LTC to pay someone to work on the coin.  But this 'asking for donations' bit confuses me.  It seems like anyone who truly believed in LTC and mined it from the beginning should have quite a bit of it, and therefore there should not be a reason to ask the community who are already giving their resources to donate.

Not that anyone must adhere to past procedure, of course, but I'm curious how BTC development carried on after its leader bugged out?  My understanding is that some of the BTC crew were also relatively early and gathered a nice stockpile; whereas this is just one original dev that is somewhat handsoff, passing the work onto a newly inspired dev who isn't vested in LTC, yet.  Satoshi left his baby in the hands of others.  Did he pay them out of pocket to keep the torch lit?  I don't know, just asking.

I feel like many of us are all part of this project and I have no qualms of raising funds to support it, rather than ask the founder to put up on his own.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on May 30, 2013, 10:59:13 PM

Hey Warren,

I also joined the community fairly recently.  Unfortunately, your reply doesn't really address my point (and in some ways reinforces it).  Don't get me wrong, I think it's great that there are new people who are motivated to work on Litecoin and are willing to do so for free, in their spare time.  I have donated my own resources to LTC by providing a fee-free mining pool for people to use.

My concern is that the original developers lack either the desire or motivation to work on the coin.  This suggests to me that they themselves do not have a meaningful stake anymore; If they did have a large stake and just did not have the time to work on the coin then it would be easy for them to simply to use some of their LTC to pay someone to work on the coin.  But this 'asking for donations' bit confuses me.  It seems like anyone who truly believed in LTC and mined it from the beginning should have quite a bit of it, and therefore there should not be a reason to ask the community who are already giving their resources to donate.

The original developers are severely lacking time due to their day jobs.  They are contributing their expertise to development when I need help, often in cases to understand why things were done a particular way a year ago.  Probably because they already have stake and they don't have time to lead the current effort they have largely* refused to accept the current donations.

LTC needs to be well maintained and with many supporting vendor integration tools if is to have any chance of long-term growth in its fundamental value.  People need to use it as an actual medium of exchange for commerce instead of the manic-depressive speculation vehicle it currently is.  In support of this goal, it seems logical for large holders of LTC to donate a small portion to a long-term development effort if they want the rest of their holdings to have a better chance of growing in value.  More important than the holders of LTC are the exchanges of LTC.  They are the ones currently making profits from LTC trade.  They have an interest in the network being better maintained and the client more stable, because if chain accidents happen they can potentially be defrauded of a significant amount of money by double-spending theft.

Warren

* Largely but not entirely refused.  pooler said he "won't refuse" a small portion, and in my opinion he deserves it, especially after things like spending hours of his time to figure out how many competing pools were being cheated (https://forum.litecoin.net/index.php/topic,4002.0.html).  Your comments to the contrary in #litecoin suggesting that the pool was stealing from its miners was offensive, especially when you are a competing pool operator that would gain from spreading FUD.  Yes, a single CPU miner could fake a 35MH/s GPU farm when the pool was failing to check the difficulty correctly and you have a modified mining client.  (I'm guessing it didn't even need to do scrypt.  I didn't look at those details myself.)


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: flound1129 on May 31, 2013, 12:16:31 AM
* Largely but not entirely refused.  pooler said he "won't refuse" a small portion, and in my opinion he deserves it, especially after things like spending hours of his time to figure out how many competing pools were being cheated (https://forum.litecoin.net/index.php/topic,4002.0.html).  Your comments to the contrary in #litecoin suggesting that the pool was stealing from its miners was offensive, especially when you are a competing pool operator that would gain from spreading FUD.  Yes, a single CPU miner could fake a 35MH/s GPU farm when the pool was failing to check the difficulty correctly and you have a modified mining client.  (I'm guessing it didn't even need to do scrypt.  I didn't look at those details myself.)

Yes, I agree with you now that I've analyzed the code myself, and I apologize for the accusatory tone I took when I started talking in the channel.  However, if instead of calling me an idiot and ridiculing me, you had given me the two sentence explanation that I came to myself (and of which you were obviously aware), the conversation likely would have gone quite differently.

What didn't really agree with me was the use of the word 'fake' in the original 'announcement' (which wasn't really an announcement, and was lacking necessary transparency).  The vulnerability does not, in fact (to my understanding), allow submission of fake shares, only valid shares with an artificially low difficulty.

If this is incorrect please feel free to add details in the thread I started for the vulnerability.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: flound1129 on May 31, 2013, 12:37:37 AM

LTC needs to be well maintained and with many supporting vendor integration tools if is to have any chance of long-term growth in its fundamental value.  People need to use it as an actual medium of exchange for commerce instead of the manic-depressive speculation vehicle it currently is.  In support of this goal, it seems logical for large holders of LTC to donate a small portion to a long-term development effort if they want the rest of their holdings to have a better chance of growing in value.  More important than the holders of LTC are the exchanges of LTC.  They are the ones currently making profits from LTC trade.  They have an interest in the network being better maintained and the client more stable, because if chain accidents happen they can potentially be defrauded of a significant amount of money by double-spending theft.

And yeah, I totally agree with this.  However, if the people who actually have a large stake in LTC don't care about the coin anymore, then I don't see why anyone should.

I'll tell you right now, if someone else made a new clone coin by porting scrypt to the 8.1 client, I'd wager it would immediately take off due to LTC's stagnation.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: peacefulmind on May 31, 2013, 12:44:26 AM
LTC has been spread around a lot more evenly - remember BTC founder is gone as well.

Also this thread should be stickied - but I would not expect it in a BTC biased forum.  

I donated, and will donate again.



Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on May 31, 2013, 12:48:58 AM

LTC needs to be well maintained and with many supporting vendor integration tools if is to have any chance of long-term growth in its fundamental value.  People need to use it as an actual medium of exchange for commerce instead of the manic-depressive speculation vehicle it currently is.  In support of this goal, it seems logical for large holders of LTC to donate a small portion to a long-term development effort if they want the rest of their holdings to have a better chance of growing in value.  More important than the holders of LTC are the exchanges of LTC.  They are the ones currently making profits from LTC trade.  They have an interest in the network being better maintained and the client more stable, because if chain accidents happen they can potentially be defrauded of a significant amount of money by double-spending theft.

And yeah, I totally agree with this.  However, if the people who actually have a large stake in LTC don't care about the coin anymore, then I don't see why anyone should.

I'll tell you right now, if someone else made a new clone coin by porting scrypt to the 8.1 client, I'd wager it would immediately take off due to LTC's stagnation.

http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=ftc-btc&market=btc-e
Here's one of the typical pump-and-dump scam clone coins that steal money from people dumb enough to buy it during the initial mining bubble.  You will notice in this chart that the early miners made thousands of BTC with this pump-and-dump scheme, which triggered a massive increase in hashrate as more idiots piled on.  As soon as the difficulty was too high and the price had plummeted, the coin fully collapsed with not enough miners to sustain confirmations. The leadership of this scam then tried to lure back miners with the promise of BTC bounties, which helped them to push it along slowly toward a smaller difficulty drop introduced in a mandatory hardfork client update.  Even after the adjusted client they are again now stuck with falling hashrate, the scam now having fully run its course.

The miners don't care about the long-term safety of the network.  So it would make no difference for the scam coin to be based on 0.6.x or 0.8.x.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: flound1129 on May 31, 2013, 12:53:55 AM

LTC needs to be well maintained and with many supporting vendor integration tools if is to have any chance of long-term growth in its fundamental value.  People need to use it as an actual medium of exchange for commerce instead of the manic-depressive speculation vehicle it currently is.  In support of this goal, it seems logical for large holders of LTC to donate a small portion to a long-term development effort if they want the rest of their holdings to have a better chance of growing in value.  More important than the holders of LTC are the exchanges of LTC.  They are the ones currently making profits from LTC trade.  They have an interest in the network being better maintained and the client more stable, because if chain accidents happen they can potentially be defrauded of a significant amount of money by double-spending theft.

And yeah, I totally agree with this.  However, if the people who actually have a large stake in LTC don't care about the coin anymore, then I don't see why anyone should.

I'll tell you right now, if someone else made a new clone coin by porting scrypt to the 8.1 client, I'd wager it would immediately take off due to LTC's stagnation.

http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=ftc-btc&market=btc-e
Here's one of the typical pump-and-dump scam clone coins.  You will notice in this chart that the early miners made thousands of BTC with this pump-and-dump scheme, which triggered a massive increase in hashrate as more idiots piled on.  As soon as the difficulty was too high and the price had plummeted, the coin fully collapsed with not enough miners to sustain confirmations. The leadership of this scam then tried to lure back miners with the promise of BTC bounties, which helped them to push it along slowly toward a smaller difficulty drop introduced in a mandatory hardfork client update.  Even after the adjusted client they are again now stuck with falling hashrate, the scam now having fully run its course.

The miners don't care about the long-term safety of the network.  So it would make no difference for the scam coin to be based on 0.6.x or 0.8.x.

The miners don't, but as you stated above, the exchange operators, mining pool admins, and merchants do.  And that is what is needed to have a successful coin.  The miners will go wherever the profitability is.  Which is increasingly, not litecoin.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on May 31, 2013, 01:21:18 AM

http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=ftc-btc&market=btc-e
Here's one of the typical pump-and-dump scam clone coins.  You will notice in this chart that the early miners made thousands of BTC with this pump-and-dump scheme, which triggered a massive increase in hashrate as more idiots piled on.  As soon as the difficulty was too high and the price had plummeted, the coin fully collapsed with not enough miners to sustain confirmations. The leadership of this scam then tried to lure back miners with the promise of BTC bounties, which helped them to push it along slowly toward a smaller difficulty drop introduced in a mandatory hardfork client update.  Even after the adjusted client they are again now stuck with falling hashrate, the scam now having fully run its course.

The miners don't care about the long-term safety of the network.  So it would make no difference for the scam coin to be based on 0.6.x or 0.8.x.

The miners don't, but as you stated above, the exchange operators, mining pool admins, and merchants do.  And that is what is needed to have a successful coin.  The miners will go wherever the profitability is.  Which is increasingly, not litecoin.

You are twisting my words.  I said above that exchanges have an interest in contributing to long-term development of the client to reduce the risk of massive theft.

The merchants have an interest to use only the currencies that are stable and predictable in behavior.  Litecoin seems to have remained mostly within a comfortable range of 1.5-3.5 minute confirmation times for the past few months.  By contrast, the recent scam coins are characterized by repeated examples of technical failure, confirmation stagnation and extreme exchange rate volatility.  Merchants have little interest in accepting a virtual currency that takes hours to confirm, where they need to update their client often because of changing rules, and where the exchange rate swings 400% within a day.

Miners do have a choice.  They can stick to one of the established coins with a relatively stable exchange rate and confirmation time, or attempt to take advantage of idiots willing to buy newly mined scam coins.  Or they can also stop if they think the power expense is more than the coin will ever be worth.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: flound1129 on May 31, 2013, 03:06:17 AM

http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=ftc-btc&market=btc-e
Here's one of the typical pump-and-dump scam clone coins.  You will notice in this chart that the early miners made thousands of BTC with this pump-and-dump scheme, which triggered a massive increase in hashrate as more idiots piled on.  As soon as the difficulty was too high and the price had plummeted, the coin fully collapsed with not enough miners to sustain confirmations. The leadership of this scam then tried to lure back miners with the promise of BTC bounties, which helped them to push it along slowly toward a smaller difficulty drop introduced in a mandatory hardfork client update.  Even after the adjusted client they are again now stuck with falling hashrate, the scam now having fully run its course.

The miners don't care about the long-term safety of the network.  So it would make no difference for the scam coin to be based on 0.6.x or 0.8.x.

The miners don't, but as you stated above, the exchange operators, mining pool admins, and merchants do.  And that is what is needed to have a successful coin.  The miners will go wherever the profitability is.  Which is increasingly, not litecoin.

You are twisting my words.  I said above that exchanges have an interest in contributing to long-term development of the client to reduce the risk of massive theft.

The merchants have an interest to use only the currencies that are stable and predictable in behavior.  Litecoin seems to have remained mostly within a comfortable range of 1.5-3.5 minute confirmation times for the past few months.  By contrast, the recent scam coins are characterized by repeated examples of technical failure, confirmation stagnation and extreme exchange rate volatility.  Merchants have little interest in accepting a virtual currency that takes hours to confirm, where they need to update their client often because of changing rules, and where the exchange rate swings 400% within a day.

Miners do have a choice.  They can stick to one of the established coins with a relatively stable exchange rate and confirmation time, or attempt to take advantage of idiots willing to buy newly mined scam coins.  Or they can also stop if they think the power expense is more than the coin will ever be worth.

LTC's exchange rate has dropped about 30% in the past month, I'd hardly call that stable.  It's only remained stable vs. USD because of the corresponding rise in BTC over the same period.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on May 31, 2013, 03:07:57 AM

LTC's exchange rate has dropped about 30% in the past month, I'd hardly call that stable.  It's only remained stable vs. USD because of the corresponding rise in BTC over the same period.

No disputing that rates against BTC fluctuate.  The rate against USD seems to remain relatively stable for long periods of time, for reasons I have never understood.  In any case the relatively stable USD rate actually makes it more attractive to merchants.  And Bitpay-type payment processors make the volatility less important since the processor absorbs the rate risk and the merchant is paid the invoiced amount of USD.

But what does this have to do with the dev fundraiser?  Nothing.  The devs job is to fix technical issues and make the software more dependable.

You've made your agenda clear.  Please move on?


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: flound1129 on May 31, 2013, 03:31:28 AM

LTC's exchange rate has dropped about 30% in the past month, I'd hardly call that stable.  It's only remained stable vs. USD because of the corresponding rise in BTC over the same period.

No disputing that rates against BTC fluctuate.  The rate against USD seems to remain relatively stable for long periods of time, for reasons I have never understood.  In any case the relatively stable USD rate actually makes it more attractive to merchants.  And Bitpay-type payment processors make the volatility less important since the processor absorbs the rate risk and the merchant is paid the invoiced amount of USD.

But what does this have to do with the dev fundraiser?  Nothing.  The devs job is to fix technical issues and make the software more dependable.

You've made your agenda clear.  Please move on?


Agreed, I've made my points.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: marcolam on May 31, 2013, 05:00:53 AM
LTC,my favorite coin. ;)Donated 10LTC. Thank you guys for your work!


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: jubalix on May 31, 2013, 05:25:40 AM
can i send by BTCE code?

(these have less fees I think)


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: coblee on May 31, 2013, 07:05:59 AM
can i send by BTCE code?

(these have less fees I think)

Sure, please PM me on btc-e.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: mullick on May 31, 2013, 11:21:01 PM
Sending one more just for a reason to bump the thread :)


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: Ethicoin on June 01, 2013, 02:44:02 AM
We are in testing phase of Ethicoin (ETC) the first crytocoin to be merge mined with LTC:

https://bitcointalk.org/index.php?topic=221375.0

We are open to supporting the Litecoin Core Development with fundraising.

We are currently testing the LTC merge mining please PM me for more information and collaboration.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: neotrix on June 01, 2013, 08:44:51 AM
Added another 250 LTC

please update neotrix name as crypto-trade.com in the list  ;)


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: ictin on June 01, 2013, 09:50:39 AM
As promised, now that my first payout has arrived from the pool i donated what i mined in one day, i.e. 1 LTC. I hope that more people will donate their 1 day earnings.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: reb0rn21 on June 01, 2013, 11:49:12 AM
Donated, keep up the good work!


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: mmitech on June 01, 2013, 12:59:20 PM
Guys can you post updates about the developing process, I am really excited about the hole thing and would like to see this topic with regular updates, and I think I am not the only one here. thank you


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on June 02, 2013, 12:21:43 AM
Guys can you post updates about the developing process, I am really excited about the hole thing and would like to see this topic with regular updates, and I think I am not the only one here. thank you

We are preparing a big announcement that should go out in a few days.  Good news.  It was a surprise to us.

We are getting close to public beta, hopefully in the next week or two if all goes well.  Still trying to decide on the wisdom of future parameters and fixing the unit tests.  Please follow the Google+ page (https://plus.google.com/104307324656397909502/posts) as important dev news gets posted there first.

Here are commits to the internal test repo since the OP.  There were a few more after this screenshot.  The tree needs to be cleaned up in another rebase prior to source release to help make it more understandable.



Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: SaltySpitoon on June 02, 2013, 01:42:13 AM
This thread is stickied? Why? Will every alt coin get a sticky if they make a development fundraising request? If not, why is a moderator deciding which coin who they may have a personal stake in is "worthy" of having a sticky?

I actually hold LTC.

I stickied it, because they asked nicely. I tend to sticky anything that is somewhat important temporarily of course, I'm using my own discretion as to what is important, but if you have noticed, I've stickied about 10 different threads for different coin types. I guess I gauge importance by
1) Effect on users if it is not seen
2) Will it create any disruption if it is stickied
3) Was the request a, "could you please sticky this because..." or was it a, "hey mang, sticky this ploxorz"

and again, my own digression. It will be unstickied sooner or later, so relax, I'd do it for whatever coin or coins you are supporting as well.


Also, by the way, the thread was unstickied by request of the person who requested it be stickied in the first place. Technically, I could really be as biased towards any coin as I wished, as there aren't really any rules expressed by the forums saying otherwise. But, I feel I'm a reasonably fair guy so I give every coin a fair enough chance, as long as it isn't a secret wallet stealer or something like that.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: coblee on June 02, 2013, 05:18:46 AM
This thread is stickied? Why? Will every alt coin get a sticky if they make a development fundraising request? If not, why is a moderator deciding which coin who they may have a personal stake in is "worthy" of having a sticky?

I actually hold LTC.

I stickied it, because they asked nicely. I tend to sticky anything that is somewhat important temporarily of course, I'm using my own discretion as to what is important, but if you have noticed, I've stickied about 10 different threads for different coin types. I guess I gauge importance by
1) Effect on users if it is not seen
2) Will it create any disruption if it is stickied
3) Was the request a, "could you please sticky this because..." or was it a, "hey mang, sticky this ploxorz"

and again, my own digression. It will be unstickied sooner or later, so relax, I'd do it for whatever coin or coins you are supporting as well.


Also, by the way, the thread was unstickied by request of the person who requested it be stickied in the first place. Technically, I could really be as biased towards any coin as I wished, as there aren't really any rules expressed by the forums saying otherwise. But, I feel I'm a reasonably fair guy so I give every coin a fair enough chance, as long as it isn't a secret wallet stealer or something like that.

Thanks for the explanation SaltySpitoon. I think your ability to be fair is commendable, and yet you still get called out for being biased.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: neotrix on June 02, 2013, 01:25:45 PM
Added 500 LTC

Raising to 1000 ltc donated from Crypto-trade.com. keep up the work guys



Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: adpinbr on June 03, 2013, 12:46:01 AM
This thread is stickied? Why? Will every alt coin get a sticky if they make a development fundraising request? If not, why is a moderator deciding which coin who they may have a personal stake in is "worthy" of having a sticky?

I actually hold LTC.

I stickied it, because they asked nicely. I tend to sticky anything that is somewhat important temporarily of course, I'm using my own discretion as to what is important, but if you have noticed, I've stickied about 10 different threads for different coin types. I guess I gauge importance by
1) Effect on users if it is not seen
2) Will it create any disruption if it is stickied
3) Was the request a, "could you please sticky this because..." or was it a, "hey mang, sticky this ploxorz"

and again, my own digression. It will be unstickied sooner or later, so relax, I'd do it for whatever coin or coins you are supporting as well.


Also, by the way, the thread was unstickied by request of the person who requested it be stickied in the first place. Technically, I could really be as biased towards any coin as I wished, as there aren't really any rules expressed by the forums saying otherwise. But, I feel I'm a reasonably fair guy so I give every coin a fair enough chance, as long as it isn't a secret wallet stealer or something like that.

Thanks for the explanation SaltySpitoon. I think your ability to be fair is commendable, and yet you still get called out for being biased.

I think slatyspitoon has always been fair and hasn't abused his moderator advantage to give him an unfair financial advantage, in what appears to be the "go-to" for solicitations, despite the potential of very high future returns by taking such action. Also this should be stickied. Bump


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: RandyMagnum on June 03, 2013, 04:22:31 PM
Guys can you post updates about the developing process, I am really excited about the hole thing and would like to see this topic with regular updates, and I think I am not the only one here. thank you

We are preparing a big announcement that should go out in a few days.  Good news.  It was a surprise to us.

I like unexpected good news.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wizzardTim on June 03, 2013, 08:19:30 PM
Just donated 1 LTC as promised. (Transaction id 60951022301f466cef9ecd7dbb7b5f7f6a2ae02f39eb99149b5998894a7b75e2)

It was my first LTC that I've mined. May it bring us all luck, health and happiness  :) :) :)

Keep up the good work guys.

thanks


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: bitcoiners on June 04, 2013, 11:50:04 PM
Guys can you post updates about the developing process, I am really excited about the hole thing and would like to see this topic with regular updates, and I think I am not the only one here. thank you

We are preparing a big announcement that should go out in a few days.  Good news.  It was a surprise to us.


I hope this is big news as LTC seems to be rallying in price because of this statement.  It was number one on /r/litecoin all day. Hopefully it's not about Gox as they have been promising LTC for months and that's not much of a surprise.  I just hope this isn't a false pump in price.  Any chance you are going to tell us soon? :)


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: adpinbr on June 05, 2013, 12:54:10 AM
Their devs are not business unions this shit aint got nothing to do with gox and would you greedy fucks please stop caring about the market price? is that all what crypto currency is about? How about being super excited because they realized that they can set up a miner incentive based on block rewards only and reduce transactions fees to spam-detering prices only, and with some bolian algebra delete the fees altogether until the block reward depletes? No one here gives a shit about anything but their profits I'm leaving bitcoin and off to kill myself :p


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: jubalix on June 05, 2013, 12:59:37 AM
Their devs are not business unions this shit aint got nothing to do with gox and would you greedy fucks please stop caring about the market price? is that all what crypto currency is about? How about being super excited because they realized that they can set up a miner incentive based on block rewards only and reduce transactions fees to spam-detering prices only, and with some bolian algebra delete the fees altogether until the block reward depletes? No one here gives a shit about anything but their profits I'm leaving bitcoin and off to kill myself :p

market price is some sort of indicator of success so it is an important measure that discount a lot of variables.

Also I have donated, but I am not sure why DEV would just not release the news rather than say their is news and the not. release it. I mean even if it is still speculative/beta or whatever, they could tell us with caveats about issues.

Historically anything truly innovative is released and at least 50% of people reject it. Look at the early crypto discussions  forum when Satoshi released his white paper.

I hope I'm wrong.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: bitcoiners on June 05, 2013, 01:10:55 AM
would you greedy fucks please stop caring about the market price?

Um, if the object was to boost market price during a fundraising so the devs can make more money then YES it's a legitimate concern that has nothing to do with what I can sell for because I'm not selling

Anyways, still waiting for this "GREAT NEWS".  Try an see the forest for the trees.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: carpetbagger on June 05, 2013, 01:29:48 AM
Sent a couple of coins. Thanks devs.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on June 05, 2013, 02:21:32 AM
We have good news, that has nothing to do with the market price.  Just been too slow in writing stuff because I want to include many details of the development plan at the same time as the good news.

I suggest that people are too concerned about short-term fluctuations based entirely on speculation.  Vendor integration is the only thing that will make Litecoin more valuable in the long-term.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: Bakemono on June 05, 2013, 02:33:46 AM
The actual good news are that there are developers showing some love to LTC.
And that pretty much guarantees that more good news like what wtogami is going to announce will follow.  :-*


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: bitcoiners on June 05, 2013, 02:33:58 AM
We have good news, that has nothing to do with the market price.  Just been too slow in writing stuff because I want to include many details of the development plan at the same time as the good news.

I suggest that people are too concerned about short-term fluctuations based entirely on speculation.  Vendor integration is the only thing that will make Litecoin more valuable in the long-term.

Again this looks like more of a price pump, again.  In the time it took you to write that post you could easily tell us what the "great news" is.  Lol, "This and this is happening"  Wow.  Took so long.

Sorry for being a cynic but I've seen this all before.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on June 05, 2013, 02:50:59 AM
We have good news, that has nothing to do with the market price.  Just been too slow in writing stuff because I want to include many details of the development plan at the same time as the good news.

I suggest that people are too concerned about short-term fluctuations based entirely on speculation.  Vendor integration is the only thing that will make Litecoin more valuable in the long-term.

Again this looks like more of a price pump, again.  In the time it took you to write that post you could easily tell us what the "great news" is.  Lol, "This and this is happening"  Wow.  Took so long.

Sorry for being a cynic but I've seen this all before.

You are a crazy conspiracy theorist. If you read my posts, I talk about how the current network is a bit scary as the reference client hasn't been updated in almost a year.  How the heck is this pumping the price?

https://plus.google.com/104307324656397909502/posts
The dev's job is to fix technical problems, as our top concern is the long-term safety and stability of the network.  We are being very careful in fixing and testing things.  We announce things when they are ready.  Little bits are increasingly being posted here.  There will be more soon.  When it's ready.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: bitcoiners on June 05, 2013, 02:56:28 AM
We have good news, that has nothing to do with the market price.  Just been too slow in writing stuff because I want to include many details of the development plan at the same time as the good news.

I suggest that people are too concerned about short-term fluctuations based entirely on speculation.  Vendor integration is the only thing that will make Litecoin more valuable in the long-term.

Again this looks like more of a price pump, again.  In the time it took you to write that post you could easily tell us what the "great news" is.  Lol, "This and this is happening"  Wow.  Took so long.

Sorry for being a cynic but I've seen this all before.

You are a crazy conspiracy theorist. If you read my posts, I talk about how the current network is a bit scary as the reference client hasn't been updated in almost a year.  How the heck is this pumping the price?


You said you have "some surprising good news"  Well what is it?  This isn't about dev obviously.  This isn't some conspiracy theory it's what you said. And the price of LTC has shown that since your statement.  Are you ready to tell us this GREAT NEWS?  Or are you still trying to get a better price for your donations?  It isn't that hard. Why are you avoiding it?

Edit: Why are you avoiding telling us this supposedly GREAT NEWS?


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: bitcoiners on June 05, 2013, 03:24:11 AM
Guys can you post updates about the developing process, I am really excited about the hole thing and would like to see this topic with regular updates, and I think I am not the only one here. thank you

We are preparing a big announcement that should go out in a few days.  Good news.  It was a surprise to us.


And tomorrow the difficulty of BTC jumps almost 30%.  LTC is a less profitable coin to mine than others right now.  Coincidence?

Sorry if I'm feeling jaded at this moment but...


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on June 05, 2013, 03:42:33 AM

And tomorrow the difficulty of BTC jumps almost 30%.  LTC is a less profitable coin to mine than others right now.  Coincidence?

Sorry if I'm feeling jaded at this moment but...

News Flash: Mining profitability has nothing to do with the value of the coin as a medium of exchange in commerce.  Fluctuations in price are meaningless as they are not based on any change in fundamental value.

I really appreciate that there is the "Ignore" button on the left.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: matauc12 on June 05, 2013, 03:46:48 AM

And tomorrow the difficulty of BTC jumps almost 30%.  LTC is a less profitable coin to mine than others right now.  Coincidence?

Sorry if I'm feeling jaded at this moment but...

News Flash: Mining profitability has nothing to do with the value of the coin as a medium of exchange in commerce.  Fluctuations in price are meaningless as they are not based on any change in fundamental value.

I really appreciate that there is the "Ignore" button on the left.
If you read that guys post history(don't waste your time doing it, especially if your faith on humanity isn't already strong) you really don't wonder why his ignore button flashes. Every post is idiotic at best. Straight up stupid and delusional on average.

Its not too hard to put 1 and 1 together and understand that its a "network improvement'' news coming. And reading between the lines without speculating too much, one would guess a major client release (which is GREAT news as it was one of the main complaints of litecoin that it was running on old client).

But hey, stupid is stupid.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: bitcoiners on June 05, 2013, 03:47:19 AM

And tomorrow the difficulty of BTC jumps almost 30%.  LTC is a less profitable coin to mine than others right now.  Coincidence?

Sorry if I'm feeling jaded at this moment but...

News Flash: Mining profitability has nothing to do with the value of the coin as a medium of exchange in commerce.  Fluctuations in price are meaningless as they are not based on any change in fundamental value.

I really appreciate that there is the "Ignore" button on the left.

And so you won't tell us what this "surprising good news" is?  Wow.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: bitcoiners on June 05, 2013, 03:48:13 AM

And tomorrow the difficulty of BTC jumps almost 30%.  LTC is a less profitable coin to mine than others right now.  Coincidence?

Sorry if I'm feeling jaded at this moment but...

News Flash: Mining profitability has nothing to do with the value of the coin as a medium of exchange in commerce.  Fluctuations in price are meaningless as they are not based on any change in fundamental value.

I really appreciate that there is the "Ignore" button on the left.
If you read that guys post history(don't waste your time doing it, especially if your faith on humanity isn't already strong) you really don't wonder why his ignore button flashes. Every post is idiotic at best. Straight up stupid and delusional on average.

Its not too hard to put 1 and 1 together and understand that its a "network improvement'' news coming. And reading between the lines without speculating too much, one would guess a major client release (which is GREAT news as it was one of the main complaints of litecoin that it was running on old client).

But hey, stupid is stupid.

And the above speculation is speculation.  How is mine different?  Wow.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: jubalix on June 05, 2013, 04:02:56 AM
The actual good news are that there are developers showing some love to LTC.
And that pretty much guarantees that more good news like what wtogami is going to announce will follow.  :-*

Thats a valid point actually having known good DEVS, this why PPC will do well, and I have some!


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on June 05, 2013, 04:28:51 AM

And tomorrow the difficulty of BTC jumps almost 30%.  LTC is a less profitable coin to mine than others right now.  Coincidence?

Sorry if I'm feeling jaded at this moment but...

News Flash: Mining profitability has nothing to do with the value of the coin as a medium of exchange in commerce.  Fluctuations in price are meaningless as they are not based on any change in fundamental value.

I really appreciate that there is the "Ignore" button on the left.
If you read that guys post history(don't waste your time doing it, especially if your faith on humanity isn't already strong) you really don't wonder why his ignore button flashes. Every post is idiotic at best. Straight up stupid and delusional on average.

Its not too hard to put 1 and 1 together and understand that its a "network improvement'' news coming. And reading between the lines without speculating too much, one would guess a major client release (which is GREAT news as it was one of the main complaints of litecoin that it was running on old client).

But hey, stupid is stupid.

Please stop guessing.  No major software release to the public this week.  The news has nothing to do with a release or exchange value.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: bitcoiners on June 05, 2013, 04:34:11 AM

And tomorrow the difficulty of BTC jumps almost 30%.  LTC is a less profitable coin to mine than others right now.  Coincidence?

Sorry if I'm feeling jaded at this moment but...

News Flash: Mining profitability has nothing to do with the value of the coin as a medium of exchange in commerce.  Fluctuations in price are meaningless as they are not based on any change in fundamental value.

I really appreciate that there is the "Ignore" button on the left.
If you read that guys post history(don't waste your time doing it, especially if your faith on humanity isn't already strong) you really don't wonder why his ignore button flashes. Every post is idiotic at best. Straight up stupid and delusional on average.

Its not too hard to put 1 and 1 together and understand that its a "network improvement'' news coming. And reading between the lines without speculating too much, one would guess a major client release (which is GREAT news as it was one of the main complaints of litecoin that it was running on old client).

But hey, stupid is stupid.

Please stop guessing.  No major software release to the public this week.  The news has nothing to do with a release or exchange value.

And matauc12 ends up being the idiot.  Too funny.


Title: Litecoin Dev Fundraiser: 5,000 LTC Matching Donation Challenge
Post by: wtogami on June 05, 2013, 09:01:47 AM
Litecoin Dev Fundraiser: 5,000 LTC Matching Donation Challenge
A big sponsor who wishes to be anonymous is willing to support the Litecoin Development Team.  They are offering a challenge grant where if we receive an additional 5,000 LTC in community donations by June 18th noon GMT, the anonymous sponsor will match with an additional 5,000 LTC.  These combined funds will go a long way toward enabling long-term development of the Litecoin software and related vendor integration tools.

The dev team donations prior to the challenge amount to 3,059.8868 LTC at LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3 (http://ltc.block-explorer.com/address/LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3).  The challenge will be complete when gross received funds at this address reach 8,059.8868 LTC.  Bitcoins donated to 1KD5tt1p3mdZH8DDXeEwdsJNpiwUZCfzkF (https://blockchain.info/address/1KD5tt1p3mdZH8DDXeEwdsJNpiwUZCfzkF) converted and deposited to the LTC address count toward the challenge.

https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0
A list of sponsors, donations, and expenses of the Litecoin development project are listed here.  If you contact Warren with your txid and cryptographic signature proving ownership of the sending address, we may add your name or business name to the sponsor list, at our discretion. 

“The 5,000 LTC matching challenge funds is currently sequestered at LXhTDTv1cwGUb67DX88xtkQriYWmTFAVyr (http://ltc.block-explorer.com/address/LXhTDTv1cwGUb67DX88xtkQriYWmTFAVyr).”
Cryptographic signature of the quoted string proving the matching challenge funds: G/JW/UyKeN/Uplj1EVa2gmOZBN9g4FXXvNRHCnHJAdv7rtVMDX1pmfrpyLW47LaVKj7uPAfT/hKQuoMVJwPn/b4=

The identity of the anonymous sponsor will be revealed later.

Note from Warren: It is technically Tuesday June 4th, 2013 11:03PM HST at my current location. =)


Title: Re: Litecoin Dev Fundraiser: 5,000 LTC Matching Donation Challenge
Post by: r3demon on June 05, 2013, 09:41:44 AM
Litecoin Dev Fundraiser: 5,000 LTC Matching Donation Challenge
A big sponsor who wishes to be anonymous is willing to support the Litecoin Development Team.  They are offering a challenge grant where if we receive an additional 5,000 LTC in community donations by June 18th noon GMT, the anonymous sponsor will match with an additional 5,000 LTC.  These combined funds will go a long way toward enabling long-term development of the Litecoin software and related vendor integration tools.

The dev team donations prior to the challenge amount to 3,059.8868 LTC at LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3 (http://ltc.block-explorer.com/address/LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3).  The challenge will be complete when gross received funds at this address reach 8,059.8868 LTC.  Bitcoins donated to 1KD5tt1p3mdZH8DDXeEwdsJNpiwUZCfzkF (https://blockchain.info/address/1KD5tt1p3mdZH8DDXeEwdsJNpiwUZCfzkF) converted and deposited to the LTC address count toward the challenge.

https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0
A list of sponsors, donations, and expenses of the Litecoin development project are listed here.  If you contact Warren with your txid and cryptographic signature proving ownership of the sending address, we may add your name or business name to the sponsor list, at our discretion.  

“The 5,000 LTC matching challenge funds is currently sequestered at LXhTDTv1cwGUb67DX88xtkQriYWmTFAVyr (http://ltc.block-explorer.com/address/LXhTDTv1cwGUb67DX88xtkQriYWmTFAVyr).”
Cryptographic signature of the quoted string proving the matching challenge funds: G/JW/UyKeN/Uplj1EVa2gmOZBN9g4FXXvNRHCnHJAdv7rtVMDX1pmfrpyLW47LaVKj7uPAfT/hKQuoMVJwPn/b4=

The identity of the anonymous sponsor will be revealed later.

Note from Warren: It is technically Tuesday June 4th, 2013 11:03PM HST at my current location. =)

Great news! Litecoin development should be ahead of Bitcoin, let's help the devs!

Just sent 10LTC towards the goal.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: LiteCoinGuy on June 05, 2013, 11:54:56 AM
Litecoin Team, just wanted to say thanks for all the work you are doing. I sent some LTC!

Keep on going!


Title: Re: Litecoin Dev Fundraiser: 5,000 LTC Matching Donation Challenge
Post by: adpinbr on June 05, 2013, 12:16:57 PM
Litecoin Dev Fundraiser: 5,000 LTC Matching Donation Challenge
A big sponsor who wishes to be anonymous is willing to support the Litecoin Development Team.  They are offering a challenge grant where if we receive an additional 5,000 LTC in community donations by June 18th noon GMT, the anonymous sponsor will match with an additional 5,000 LTC.  These combined funds will go a long way toward enabling long-term development of the Litecoin software and related vendor integration tools.

The dev team donations prior to the challenge amount to 3,059.8868 LTC at LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3 (http://ltc.block-explorer.com/address/LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3).  The challenge will be complete when gross received funds at this address reach 8,059.8868 LTC.  Bitcoins donated to 1KD5tt1p3mdZH8DDXeEwdsJNpiwUZCfzkF (https://blockchain.info/address/1KD5tt1p3mdZH8DDXeEwdsJNpiwUZCfzkF) converted and deposited to the LTC address count toward the challenge.

https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0
A list of sponsors, donations, and expenses of the Litecoin development project are listed here.  If you contact Warren with your txid and cryptographic signature proving ownership of the sending address, we may add your name or business name to the sponsor list, at our discretion. 

“The 5,000 LTC matching challenge funds is currently sequestered at LXhTDTv1cwGUb67DX88xtkQriYWmTFAVyr (http://ltc.block-explorer.com/address/LXhTDTv1cwGUb67DX88xtkQriYWmTFAVyr).”
Cryptographic signature of the quoted string proving the matching challenge funds: G/JW/UyKeN/Uplj1EVa2gmOZBN9g4FXXvNRHCnHJAdv7rtVMDX1pmfrpyLW47LaVKj7uPAfT/hKQuoMVJwPn/b4=

The identity of the anonymous sponsor will be revealed later.

Note from Warren: It is technically Tuesday June 4th, 2013 11:03PM HST at my current location. =)

Im not trying to be a little troll and I appreciate all the work you guys do to make me rich, but honestly you gotta admit that statement sounds kinda manipulative. I mean if someone has 5K they want to donate they should do it regardless of what the community does. I just feel thats kind of a manipulation on his part to get more donations from the community (a legitimate line of logic saying he wants to see mutual commitment from the community as he does from himself) the issue he is anonymous (also logical). Problem is that the outcome (send us more money) sounds kind of, well, you know what it sounds like. Anyways I'm sure we will see how this plays out, ill just shut up till then, and most likely this is legit, just has a sound of scamy to me


Title: Re: Litecoin Dev Fundraiser: 5,000 LTC Matching Donation Challenge
Post by: TsuyokuNaritai on June 05, 2013, 12:29:20 PM
Im not trying to be a little troll and I appreciate all the work you guys do to make me rich, but honestly you gotta admit that statement sounds kinda manipulative. I mean if someone has 5K they want to donate they should do it regardless of what the community does. I just feel thats kind of a manipulation on his part to get more donations from the community (a legitimate line of logic saying he wants to see mutual commitment from the community as he does from himself) the issue he is anonymous (also logical). Problem is that the outcome (send us more money) sounds kind of, well, you know what it sounds like. Anyways I'm sure we will see how this plays out, ill just shut up till then, and most likely this is legit, just has a sound of scamy to me

It's not unusual for good causes to do matching donation challenges. It's not scammy. It's a bit manipulative, but no more than most of what good causes do to raise money, and it's proven to be effective.


Title: Re: Litecoin Dev Fundraiser: 5,000 LTC Matching Donation Challenge
Post by: wtogami on June 05, 2013, 12:35:22 PM
Litecoin Dev Fundraiser: 5,000 LTC Matching Donation Challenge
A big sponsor who wishes to be anonymous is willing to support the Litecoin Development Team.  They are offering a challenge grant where if we receive an additional 5,000 LTC in community donations by June 18th noon GMT, the anonymous sponsor will match with an additional 5,000 LTC.  These combined funds will go a long way toward enabling long-term development of the Litecoin software and related vendor integration tools.

The dev team donations prior to the challenge amount to 3,059.8868 LTC at LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3 (http://ltc.block-explorer.com/address/LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3).  The challenge will be complete when gross received funds at this address reach 8,059.8868 LTC.  Bitcoins donated to 1KD5tt1p3mdZH8DDXeEwdsJNpiwUZCfzkF (https://blockchain.info/address/1KD5tt1p3mdZH8DDXeEwdsJNpiwUZCfzkF) converted and deposited to the LTC address count toward the challenge.

https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0
A list of sponsors, donations, and expenses of the Litecoin development project are listed here.  If you contact Warren with your txid and cryptographic signature proving ownership of the sending address, we may add your name or business name to the sponsor list, at our discretion. 

“The 5,000 LTC matching challenge funds is currently sequestered at LXhTDTv1cwGUb67DX88xtkQriYWmTFAVyr (http://ltc.block-explorer.com/address/LXhTDTv1cwGUb67DX88xtkQriYWmTFAVyr).”
Cryptographic signature of the quoted string proving the matching challenge funds: G/JW/UyKeN/Uplj1EVa2gmOZBN9g4FXXvNRHCnHJAdv7rtVMDX1pmfrpyLW47LaVKj7uPAfT/hKQuoMVJwPn/b4=

The identity of the anonymous sponsor will be revealed later.

Note from Warren: It is technically Tuesday June 4th, 2013 11:03PM HST at my current location. =)

Im not trying to be a little troll and I appreciate all the work you guys do to make me rich, but honestly you gotta admit that statement sounds kinda manipulative. I mean if someone has 5K they want to donate they should do it regardless of what the community does. I just feel thats kind of a manipulation on his part to get more donations from the community (a legitimate line of logic saying he wants to see mutual commitment from the community as he does from himself) the issue he is anonymous (also logical). Problem is that the outcome (send us more money) sounds kind of, well, you know what it sounds like. Anyways I'm sure we will see how this plays out, ill just shut up till then, and most likely this is legit, just has a sound of scamy to me

I was concerned about exactly this reaction.  I really wanted the big donor to be known from the beginning, but he/she/it isn't ready and wishes to be known later.  The crypto signature proving the existence of the funds was the best I could think to show this isn't a lie.  Those funds originated from 100 BTC https://blockchain.info/address/1Pf28p3iznWrTDZfB1AY5GoD2w5n7RPHef which were transferred 25 BTC at a time to exchange to LTC.  Then the remainder to reach 5,000 was added by another big supporter to make it a round number.  The agreement is that if we do not reach the match by the appointed date that we will be required to return the funds.  I strongly believe this community will not let this happen.


Title: Re: Litecoin Dev Fundraiser: 5,000 LTC Matching Donation Challenge
Post by: mmitech on June 05, 2013, 12:43:45 PM
Litecoin Dev Fundraiser: 5,000 LTC Matching Donation Challenge
A big sponsor who wishes to be anonymous is willing to support the Litecoin Development Team.  They are offering a challenge grant where if we receive an additional 5,000 LTC in community donations by June 18th noon GMT, the anonymous sponsor will match with an additional 5,000 LTC.  These combined funds will go a long way toward enabling long-term development of the Litecoin software and related vendor integration tools.

The dev team donations prior to the challenge amount to 3,059.8868 LTC at LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3 (http://ltc.block-explorer.com/address/LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3).  The challenge will be complete when gross received funds at this address reach 8,059.8868 LTC.  Bitcoins donated to 1KD5tt1p3mdZH8DDXeEwdsJNpiwUZCfzkF (https://blockchain.info/address/1KD5tt1p3mdZH8DDXeEwdsJNpiwUZCfzkF) converted and deposited to the LTC address count toward the challenge.

https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0
A list of sponsors, donations, and expenses of the Litecoin development project are listed here.  If you contact Warren with your txid and cryptographic signature proving ownership of the sending address, we may add your name or business name to the sponsor list, at our discretion. 

“The 5,000 LTC matching challenge funds is currently sequestered at LXhTDTv1cwGUb67DX88xtkQriYWmTFAVyr (http://ltc.block-explorer.com/address/LXhTDTv1cwGUb67DX88xtkQriYWmTFAVyr).”
Cryptographic signature of the quoted string proving the matching challenge funds: G/JW/UyKeN/Uplj1EVa2gmOZBN9g4FXXvNRHCnHJAdv7rtVMDX1pmfrpyLW47LaVKj7uPAfT/hKQuoMVJwPn/b4=

The identity of the anonymous sponsor will be revealed later.

Note from Warren: It is technically Tuesday June 4th, 2013 11:03PM HST at my current location. =)


yes I wish that you will be able to get that amount, but hey good news!! we know that some people have a shit load of LTC and they would be more than happy to see LTC go further, and 2000 LTC wont be anything for them , they wont even feel the deference.

I can suggest that you PM this guy, you know the one who makes LTC astro charts for LTC, his nick name is Otoh look at this thread https://bitcointalk.org/index.php?topic=148077.0

this is his LTC address http://ltc.block-explorer.com/address/LcLJUZtRyLTs9uNqfWZijo2mFnMbdoQTfb


I mean come on this guy have 598,696.25 LTC  :o  and he recieved a total of 1,889,096 . I was shoked when i first saw this.

http://i.imgur.com/SoLJyAY.jpg?1

http://i.imgur.com/H8VS3hF.jpg?1



go ahead Pm him.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: mmitech on June 05, 2013, 01:03:22 PM
and I would like to add this, to these who complain about the hole thing, LTC is the best coin after BTC and may be the only alt who stand a chance to survive next to BTC, was released publicly without premined blocks(only 3 blocks to test and confirm the first block), you all have the chance to mine it with your GPU there is no VIP ASIC club going around like in BTC an other SHA-256 based coin, and I really believe that will have a great future, and i know that allot of people share this with me, so when i saw a 6000+ read and only few donations, it makes me think how people thinks,  honestly you really think that these developers will contribute their time and energy for free so you can get rich out of it and not even consider donating at least 1 or 5 or even 10 LTC. come on you must be so stupid, and than you come here and attack them.

you have complained so log about how there is no active developers around LTC, today you've got what i believe a good team with motivation and this is how you react to it ?!!!!



you people are really ignorant !!!!!!!


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: kelsey on June 05, 2013, 01:09:34 PM
mmitech seriously dude aint these guys making money?


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: mmitech on June 05, 2013, 01:40:36 PM
mmitech seriously dude aint these guys making money?

they are making money the same way as miners or investors, this means if they are mining this doesn't make them better than any miner because at the hash rate they are contributing to the network their reward is the same as a regular miner contributing the same hash rate, being a Dev doest mean that he is making more LTC's than others, the source code is open and any one can review it if you do not know how things works, and even if they buy LTC from exchanges they are paying  the same rate as any other trader.  


I am an IT engineer and I have small side projects beside my full time job as well, but there is no chance that I will be doing any developing or any other work in my supposedly free time just like that for free. with the knowledge that my work will help people make money of it,


I would do the same like these guys, ask for donations, and if people wouldn't donate this means only that this bastards doesn't appreciate what I am doing, or they think that I am a loser working for them and most worst is for free.


so people give them a break and threw some LTC on them, because you do realize that if they decide to stop doing it , your coins wont be worth a shit .


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: ictin on June 05, 2013, 02:20:50 PM
mmitech seriously dude aint these guys making money?

they are making money the same way as miners or investors, this means if they are mining this doesn't make them better than any miner because at the hash rate they are contributing to the network their reward is the same as a regular miner contributing the same hash rate, being a Dev doest mean that he is making more LTC's than others, the source code is open and any one can review it if you do not know how things works, and even if they buy LTC from exchanges they are paying  the same rate as any other trader.  


I am an IT engineer and I have small side projects beside my full time job as well, but there is no chance that I will be doing any developing or any other work in my supposedly free time just like that for free. with the knowledge that my work will help people make money of it,


I would do the same like these guys, ask for donations, and if people wouldn't donate this means only that this bastards doesn't appreciate what I am doing, or they think that I am a loser working for them and most worst is for free.


so people give them a break and threw some LTC on them, because you do realize that if they decide to stop doing it , your coins wont be worth a shit .

Unfortunately the crypto community is a greedy and lazy community. They want for others to do all the work for free and they to profit by just having a miner rig plugged in. Let's jope than in time this will change in time, because otherwise i don't see a bright future for the crypto coins.

I was expected to be many thousands of LTC donated in a short period of when I heard about this fundraising, considering that there are users with tens of thousands of LTC, and many that have become rich over night because some people have devoted their time to develop this coin. Seeing now how much the people donated i can say only that i am very disappointed in the crypto community and i can conclude that they are worse than the "evil" bankers.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: jubalix on June 05, 2013, 02:57:44 PM
mmitech seriously dude aint these guys making money?

they are making money the same way as miners or investors, this means if they are mining this doesn't make them better than any miner because at the hash rate they are contributing to the network their reward is the same as a regular miner contributing the same hash rate, being a Dev doest mean that he is making more LTC's than others, the source code is open and any one can review it if you do not know how things works, and even if they buy LTC from exchanges they are paying  the same rate as any other trader.  


I am an IT engineer and I have small side projects beside my full time job as well, but there is no chance that I will be doing any developing or any other work in my supposedly free time just like that for free. with the knowledge that my work will help people make money of it,


I would do the same like these guys, ask for donations, and if people wouldn't donate this means only that this bastards doesn't appreciate what I am doing, or they think that I am a loser working for them and most worst is for free.


so people give them a break and threw some LTC on them, because you do realize that if they decide to stop doing it , your coins wont be worth a shit .

Unfortunately the crypto community is a greedy and lazy community. They want for others to do all the work for free and they to profit by just having a miner rig plugged in. Let's jope than in time this will change in time, because otherwise i don't see a bright future for the crypto coins.

I was expected to be many thousands of LTC donated in a short period of when I heard about this fundraising, considering that there are users with tens of thousands of LTC, and many that have become rich over night because some people have devoted their time to develop this coin. Seeing now how much the people donated i can say only that i am very disappointed in the crypto community and i can conclude that they are worse than the "evil" bankers.

I'm not so sure about this analysis

see if these unamed people have some much LTC, and were trying to get rich quick they would have dumped, but they havent' so either they are not as get rich quick or they don't have as much LTC as you may think

I am a little worried about the this match 5000,

also I think I saw Coblee has 4K of BTC on one address, which is way more 13K of LTC....

he if he so chose could bankroll a bit of DEV with a fraction of that (I may be wrong)

I maybe wrong on this number but recall seeing it in an 2012 thread, is a spread sheet program he put together.

right or wrong I still think independent Donations are warranted and good for the DEV of CC's and LTC.


Title: Re: Litecoin Dev Fundraiser: 5,000 LTC Matching Donation Challenge
Post by: Mahn on June 05, 2013, 04:53:40 PM
Litecoin Dev Fundraiser: 5,000 LTC Matching Donation Challenge
A big sponsor who wishes to be anonymous is willing to support the Litecoin Development Team.  They are offering a challenge grant where if we receive an additional 5,000 LTC in community donations by June 18th noon GMT, the anonymous sponsor will match with an additional 5,000 LTC.  These combined funds will go a long way toward enabling long-term development of the Litecoin software and related vendor integration tools.

The dev team donations prior to the challenge amount to 3,059.8868 LTC at LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3 (http://ltc.block-explorer.com/address/LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3).  The challenge will be complete when gross received funds at this address reach 8,059.8868 LTC.  Bitcoins donated to 1KD5tt1p3mdZH8DDXeEwdsJNpiwUZCfzkF (https://blockchain.info/address/1KD5tt1p3mdZH8DDXeEwdsJNpiwUZCfzkF) converted and deposited to the LTC address count toward the challenge.

https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0
A list of sponsors, donations, and expenses of the Litecoin development project are listed here.  If you contact Warren with your txid and cryptographic signature proving ownership of the sending address, we may add your name or business name to the sponsor list, at our discretion.  

“The 5,000 LTC matching challenge funds is currently sequestered at LXhTDTv1cwGUb67DX88xtkQriYWmTFAVyr (http://ltc.block-explorer.com/address/LXhTDTv1cwGUb67DX88xtkQriYWmTFAVyr).”
Cryptographic signature of the quoted string proving the matching challenge funds: G/JW/UyKeN/Uplj1EVa2gmOZBN9g4FXXvNRHCnHJAdv7rtVMDX1pmfrpyLW47LaVKj7uPAfT/hKQuoMVJwPn/b4=

The identity of the anonymous sponsor will be revealed later.

Note from Warren: It is technically Tuesday June 4th, 2013 11:03PM HST at my current location. =)

Good news! I bet this big sponsor is a known name ;) Did you consider adding a note of some sort on the site Litecoin.org? Since this is a major milestone to reach I guess you'll need a bit more publicity than usual.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on June 05, 2013, 06:20:05 PM
Litecoin Dev Team has awarded a 200 LTC donation to forrestv for his current redesign of p2pool.  A future update to p2pool will hardfork their sharechain to increase the minimum size of dust.  This is important to the long-term health of the network, and it helps to reduce fees in combining p2pool dust for the miners.  Thank you forrestv!

https://plus.google.com/104307324656397909502/posts
Please follow us on Google+ for the latest dev team news.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: adpinbr on June 05, 2013, 07:22:14 PM
Litecoin Dev Team has awarded a 200 LTC donation to forrestv for his current redesign of p2pool.  A future update to p2pool will hardfork their sharechain to increase the minimum size of dust.  This is important to the long-term health of the network, and it helps to reduce fees in combining p2pool dust for the miners.  Thank you forrestv!

https://plus.google.com/104307324656397909502/posts
Please follow us on Google+ for the latest dev team news.

Is this the good news we were waiting for?

Also why don't you just eliminate transaction fees for the next few years? There will still be plenty of miners competing for the LTC prize. more than enough hash power to secure the network


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: coblee on June 05, 2013, 07:38:50 PM
Litecoin Dev Team has awarded a 200 LTC donation to forrestv for his current redesign of p2pool.  A future update to p2pool will hardfork their sharechain to increase the minimum size of dust.  This is important to the long-term health of the network, and it helps to reduce fees in combining p2pool dust for the miners.  Thank you forrestv!

https://plus.google.com/104307324656397909502/posts
Please follow us on Google+ for the latest dev team news.

Is this the good news we were waiting for?

Also why don't you just eliminate transaction fees for the next few years? There will still be plenty of miners competing for the LTC prize. more than enough hash power to secure the network

The good news is the 5000 LTC matching donation. See Warren's post a few posts above.

Transaction fees are not just for paying miners. They are also used for transaction spam prevention. If we eliminate the transaction fees, then a spammer can bloat our blockchain by sending a 0.00000001 LTC to a million addresses and only spend 0.01 LTC.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on June 05, 2013, 07:39:44 PM

Also why don't you just eliminate transaction fees for the next few years? There will still be plenty of miners competing for the LTC prize. more than enough hash power to secure the network

http://ltc.block-explorer.com/charts
Zoom into November 2011 on the first chart.  Without fees, attacks can spam the network to death, causing the blockchain and UTXO set to grow out of control, eating disk and RAM until everyone quits.  Today 12M of our 13M UTXO that must remain in RAM forever are from the November 2011 spam attack.  We have had very little spam after the anti-spam rules were added.

Litecoin-0.8.2 will reduce fees by 5x.  After that we will reassess market behavior and adjust fees again in 0.8.3 accordingly.  In the long-term we are looking at various designs that would allow fees to float with free-market competition based on supply and demand.


Title: Re: Litecoin Dev Fundraiser: 5,000 LTC Matching Donation Challenge
Post by: Simran on June 05, 2013, 08:48:54 PM
Litecoin Dev Fundraiser: 5,000 LTC Matching Donation Challenge
A big sponsor who wishes to be anonymous is willing to support the Litecoin Development Team.  They are offering a challenge grant where if we receive an additional 5,000 LTC in community donations by June 18th noon GMT, the anonymous sponsor will match with an additional 5,000 LTC.  These combined funds will go a long way toward enabling long-term development of the Litecoin software and related vendor integration tools.

The dev team donations prior to the challenge amount to 3,059.8868 LTC at LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3 (http://ltc.block-explorer.com/address/LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3).  The challenge will be complete when gross received funds at this address reach 8,059.8868 LTC.  Bitcoins donated to 1KD5tt1p3mdZH8DDXeEwdsJNpiwUZCfzkF (https://blockchain.info/address/1KD5tt1p3mdZH8DDXeEwdsJNpiwUZCfzkF) converted and deposited to the LTC address count toward the challenge.

https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0
A list of sponsors, donations, and expenses of the Litecoin development project are listed here.  If you contact Warren with your txid and cryptographic signature proving ownership of the sending address, we may add your name or business name to the sponsor list, at our discretion. 

“The 5,000 LTC matching challenge funds is currently sequestered at LXhTDTv1cwGUb67DX88xtkQriYWmTFAVyr (http://ltc.block-explorer.com/address/LXhTDTv1cwGUb67DX88xtkQriYWmTFAVyr).”
Cryptographic signature of the quoted string proving the matching challenge funds: G/JW/UyKeN/Uplj1EVa2gmOZBN9g4FXXvNRHCnHJAdv7rtVMDX1pmfrpyLW47LaVKj7uPAfT/hKQuoMVJwPn/b4=

The identity of the anonymous sponsor will be revealed later.

Note from Warren: It is technically Tuesday June 4th, 2013 11:03PM HST at my current location. =)

warren, can you tell what development has been made before I actually donate? There are a few people on this "dev" team that don't even code at all, so I'd like to see the advances being made. Atm, all I see is asking for money.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: misternoodle on June 05, 2013, 10:31:53 PM
Donated 15 LTC.


Title: Re: Litecoin Dev Fundraiser: 5,000 LTC Matching Donation Challenge
Post by: wtogami on June 05, 2013, 10:48:44 PM
warren, can you tell what development has been made before I actually donate? There are a few people on this "dev" team that don't even code at all, so I'd like to see the advances being made. Atm, all I see is asking for money.

See 2nd post for commit log as of May 31st.  The hard part has been vigorous testing which has gone well so far.  Only a few bugs were found and fixed.  Yesterday pooler, coblee and I figured out an ambitious plan to improve memory use of litecoind.  I need to code it and run test it on a fakecoin to make sure it will be safe.  If we do this plan, it would need to be done now because it requires everyone to reindex, which happens automatically when users run 0.8.2 for the first time.

The other coders like aspect and weex don't work on the core C++ reference client.  They are however talented in other areas that will be critical to the supporting tools and infrastructure that folks would need to make it easier for vendors to integrate.  A team with diverse skills is a benefit here, as bug fixes or new features to http://ltc.block-explorer.com/ that would take them minutes to write would take me 10x as long.


Title: Re: Litecoin Dev Fundraiser: 5,000 LTC Matching Donation Challenge
Post by: wtogami on June 05, 2013, 11:01:13 PM

yes I wish that you will be able to get that amount, but hey good news!! we know that some people have a shit load of LTC and they would be more than happy to see LTC go further, and 2000 LTC wont be anything for them , they wont even feel the deference.

I can suggest that you PM this guy, you know the one who makes LTC astro charts for LTC, his nick name is Otoh look at this thread https://bitcointalk.org/index.php?topic=148077.0

this is his LTC address http://ltc.block-explorer.com/address/LcLJUZtRyLTs9uNqfWZijo2mFnMbdoQTfb


I mean come on this guy have 598,696.25 LTC  :o  and he recieved a total of 1,889,096 . I was shoked when i first saw this.

go ahead Pm him.

Otoh already donated an amount in BTC more than most donors.  Please see the spreadsheet.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: Emm29 on June 05, 2013, 11:14:37 PM
Hey, if you're a Litecoin developer you should be rich by now! Ha ha, but seriously, even if you were litecoin-rich, you deserve to be paid for useful work.

As of a few minutes ago I've donated 0.5 BTC to 1KD5tt1p3mdZH8DDXeEwdsJNpiwUZCfzkF. Even though I've invested much more money in Bitcoin than Litecoin, I think it's great if we can have more than just one truly successful cryptocurrency.

Cheers.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on June 05, 2013, 11:23:03 PM
Hey, if you're a Litecoin developer you should be rich by now! Ha ha, but seriously, even if you were litecoin-rich, you deserve to be paid for useful work.

As of a few minutes ago I've donated 0.5 BTC to 1KD5tt1p3mdZH8DDXeEwdsJNpiwUZCfzkF. Even though I've invested much more money in Bitcoin than Litecoin, I think it's great if we can have more than just one truly successful cryptocurrency.

Cheers.

I wrote earlier explaining this issue.
http://www.reddit.com/r/litecoin/comments/1f0sz4/litecoin_core_development_fundraising/

Quote
Hi. I am Warren Togami, the lead developer on Litecoin-0.8.x. I am better known as the Founder of the Fedora Project, and I have worked on other open source projects like Spamassassin, K12Linux and Cyanogenmod. I spent the last two years in grad school. I need to clarify some points here.
coblee said he will not accept any of these donations for himself.
Donations first will go toward reimbursing server hosting expenses for various infrastructure that benefit the entire Litecoin community. This includes the homepage, wiki, three explorers (for redundancy), permanent testnet nodes, dnsseeds, and automated security monitoring infrastructure.
I discovered Litecoin very late (March 2013) when I began mining, so I currently have very little. My operating theory is that if I can build a meaningful stake and hold it for a long time, it enhances the personal incentive for me to fix the software and to further work on tools and clients to foster vendor integration. If I am successful with these goals, then LTC will grow in value due to its increased use as a medium of exchange in commerce. Thus it makes sense for me to hold on to it in the long-term.
In any case, these donations aren't going to a "rich developer".


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: jubalix on June 05, 2013, 11:43:52 PM
Hey, if you're a Litecoin developer you should be rich by now! Ha ha, but seriously, even if you were litecoin-rich, you deserve to be paid for useful work.

As of a few minutes ago I've donated 0.5 BTC to 1KD5tt1p3mdZH8DDXeEwdsJNpiwUZCfzkF. Even though I've invested much more money in Bitcoin than Litecoin, I think it's great if we can have more than just one truly successful cryptocurrency.

Cheers.

I wrote earlier explaining this issue.
http://www.reddit.com/r/litecoin/comments/1f0sz4/litecoin_core_development_fundraising/

Quote
Hi. I am Warren Togami, the lead developer on Litecoin-0.8.x. I am better known as the Founder of the Fedora Project, and I have worked on other open source projects like Spamassassin, K12Linux and Cyanogenmod. I spent the last two years in grad school. I need to clarify some points here.
coblee said he will not accept any of these donations for himself.
Donations first will go toward reimbursing server hosting expenses for various infrastructure that benefit the entire Litecoin community. This includes the homepage, wiki, three explorers (for redundancy), permanent testnet nodes, dnsseeds, and automated security monitoring infrastructure.
I discovered Litecoin very late (March 2013) when I began mining, so I currently have very little. My operating theory is that if I can build a meaningful stake and hold it for a long time, it enhances the personal incentive for me to fix the software and to further work on tools and clients to foster vendor integration. If I am successful with these goals, then LTC will grow in value due to its increased use as a medium of exchange in commerce. Thus it makes sense for me to hold on to it in the long-term.
In any case, these donations aren't going to a "rich developer".

Hi, yeah I had heard of you before seeing you here your "wtogami" is out there and around, I thinks its really impressive that LTC can attract your level of expertise

The CCC (cryprto currency community) is probably unpleasable no matter what anyone does, but an interesting bunch. I think what some may be striking at is not the new DEVs such as yourself but the interplay between earlier DEV's and the benefit that accrues from such donation now and how that distributes.....anyhow that's just out there.


Title: Re: Litecoin Dev Fundraiser: 5,000 LTC Matching Donation Challenge
Post by: aspect on June 06, 2013, 12:15:18 AM
warren, can you tell what development has been made before I actually donate? There are a few people on this "dev" team that don't even code at all, so I'd like to see the advances being made. Atm, all I see is asking for money.

Simran, really?  You of all people?  How about you take some of that rather large round anonymous donation you have received mid last year for your projects and share that with the dev team?

Have you bothered reading other posts where Warren describes the work that has been done?

Warren has been working 24/7 non-stop for weeks porting code to 0.8.2; Fixing numerous issues, identifying and fixing various network vulnerabilities, strengthening relationship with people involved in Bitcoin development, running a plethora of tests and simulations of different fee algorithms (and eventually coming up with what I think is a genius implementation for a fee structure that will strengthen the health of the network long-term).

We all are really really lucky that Warren has taken the helm here.  I don't know how much Coblee would have been able to pull by himself.  This is a huge and a very complicated project where a single mishap can cause serious problems to everyone.

As for other people who "do not code", have you been following the scene lately?

Here are some items that come to mind:

  • We redesigned http://litecoin.org (http://litecoin.org) with multiple languages.  Since then, out of ~4,000 visitors per day, 8% of them are from China  (site peak has been at 10k visitors/day, which IMHO is not bad)
  • We migrated wiki to http://litecoin.info (http://litecoin.info) and implemented LitecoinCryptoPayment spam protection (http://litecoin.info/Special:CryptoPayment (http://litecoin.info/Special:CryptoPayment) - you need to login to use that)
  • We have developed a custom block explorer in effort to gather statistical data from the blockchain http://ltc.block-explorer.com/charts (http://ltc.block-explorer.com/charts)  (this platform is in beta and will be used in the future to provide additional services)
  • We have implemented a p2pool scanner which allows people to find public p2pool nodes in their countries so that they can mine on p2pool without having to set anything up http://p2pool.litecointools.com (http://p2pool.litecointools.com)  (currently under maintenance)
  • We have implemented a whole bunch of custom internal tools - for example, all our sites are monitored for downtime and potential hacking attempts.
  • We have established plans to develop blockchain monitoring solution similar to that ran by LukeJr which allowed him to detect the May 12th fork on bitcoin blockchain.
  • During the last two weeks have found and fixed two vulnerabilities in external pool software which allowed bad miners to submit fake shares making pools think that these miners were providing much higher hash rates then they were (pooler, you rock!)
  • We have been moderating forums from various scammers & spammers posting trojans etc.
  • We have established contact lists for developers, supporters and major pool operators so that everyone can be reachable IRL.
  • We have setup 4 DNS seeds much needed for the network, especially since IRC seeding has been removed.
  • We have re-established a healthy working testnet (which is actively used for in-house testing); this also includes DNS seed servers for testnet.
  • We have been working with variety of service providers discussing and supporting their integration of Litecoin.
  • We have been actively providing support and responding to plethora of inquiries sent to contact@litecoin.org, handling press, redirecting users to appropriate places containing information they seek or simply helping them with their problems.
  • We have been actively working with members of our community to ensure that information they publish and work they do is oriented toward the same vision.
  • We have worked with p2pool developer forrestv to make appropriate modifications to the p2pool in effort to increase long-term health of the network (hence the upcoming new version of p2pool)
  • I myself have put together a site to help new developers get started http://litecoindeveloper.com (http://litecoindeveloper.com)

I do not like to speak, but when I speak I prefer that it counts.  I hope this brief overview satisfies your criteria for donation. By donating, you ensure that the development team has resources to support the server infrastructure and to get external help in effort to implement variety of projects much needed to expand the reach of the network.

Also, if anyone is wondering, donations are strictly tracked and every expense is discussed and agreed upon by the majority of developers.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: Emm29 on June 06, 2013, 02:00:43 AM
Hey, if you're a Litecoin developer you should be rich by now! Ha ha, but seriously, even if you were litecoin-rich, you deserve to be paid for useful work.

As of a few minutes ago I've donated 0.5 BTC to 1KD5tt1p3mdZH8DDXeEwdsJNpiwUZCfzkF. Even though I've invested much more money in Bitcoin than Litecoin, I think it's great if we can have more than just one truly successful cryptocurrency.

Cheers.

I wrote earlier explaining this issue.
http://www.reddit.com/r/litecoin/comments/1f0sz4/litecoin_core_development_fundraising/

Quote
Hi. I am Warren Togami,  [... text deleted for brevity's sake ...]
I discovered Litecoin very late (March 2013) when I began mining, so I currently have very little.  [...more deleted...]

Hi, yeah I had heard of your before seeing your here your wtogami is out there and around, I thinks its really impressive that LTC can attract your level.

The CCC (cryprto currency community) is probably unpleasable no matter what anyone does, but an interesting bunch. I think what some may be stikeing at is not the new DEVs such as yourself but the interplay between earlier DEV's and the benenfit that accrues from such donation now  and how that distributes.....anyhow thats just out there.

I apologize if I caused offense, Warren. If I had read this whole thread before posting, I would have been clearer that I was referring to the more senior Litecoin developers. It was only 1 year ago that the price of 1 litecoin was less than 1 cent! I'm sure a lot of us are thinking that anyone as serious about Litecoin as its developers & advocates at the time could have spared a thousand or so dollars to obtain 100000+ LTC.

And likewise, even if Gavin Andresen had thousands of BTC, I would still continue to donate to the Bitcoin Foundation. This idea is too important for envy (well, maybe just a bit of it).

So keep up the good work. I've set aside another half a bitcoin for donating later on to Litecoin development.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on June 06, 2013, 08:21:27 AM
https://plus.google.com/104307324656397909502/posts/FVfADTZUQ3H

Please subscribe.  I rather not double post everything here.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: r3demon on June 06, 2013, 03:40:09 PM
Hey guys, you should probably put a banner for fundraising on litecoin.org, at least a donation address somewhere, not so many people are going to find this topic.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: popete on June 06, 2013, 04:19:20 PM
I think the pools should include a section donate % for litecoin core development


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: bazzip on June 06, 2013, 08:07:22 PM
Im new at this.  Ive only been mining for one month as of yesterday.  I still sent 2 LTC.  Ill send more in the future.  I appreciate what you guys do.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on June 06, 2013, 08:31:06 PM
I think the pools should include a section donate % for litecoin core development

This would be very much appreciated, but it would be a pain if pools send lots of little payments.  Pools should build pots with a BIG COUNTER at the top of the page and make a donation all at once, for the glory of the pool and its miners.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: Mahn on June 07, 2013, 12:49:31 AM
Out of curiosity, when will you be able to reveal the identity of the big sponsor?


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on June 07, 2013, 12:57:40 AM
Out of curiosity, when will you be able to reveal the identity of the big sponsor?

I can guarantee it will be sometime before the heat death of the universe.

(I don't know.)


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: kingcrimson on June 07, 2013, 03:48:06 AM
500 down, 4500 to go. not looking good that this is gonna happen  :-[


Title: Re: Litecoin Dev Fundraiser: 5,000 LTC Matching Donation Challenge
Post by: Simran on June 07, 2013, 03:57:42 AM
warren, can you tell what development has been made before I actually donate? There are a few people on this "dev" team that don't even code at all, so I'd like to see the advances being made. Atm, all I see is asking for money.

Simran, really?  You of all people?  How about you take some of that rather large round anonymous donation you have received mid last year for your projects and share that with the dev team?

Have you bothered reading other posts where Warren describes the work that has been done?

Warren has been working 24/7 non-stop for weeks porting code to 0.8.2; Fixing numerous issues, identifying and fixing various network vulnerabilities, strengthening relationship with people involved in Bitcoin development, running a plethora of tests and simulations of different fee algorithms (and eventually coming up with what I think is a genius implementation for a fee structure that will strengthen the health of the network long-term).

We all are really really lucky that Warren has taken the helm here.  I don't know how much Coblee would have been able to pull by himself.  This is a huge and a very complicated project where a single mishap can cause serious problems to everyone.

As for other people who "do not code", have you been following the scene lately?

Here are some items that come to mind:

  • We redesigned http://litecoin.org with multiple languages.  Since then, out of ~4,000 visitors per day, 8% of them are from China  (site peak has been at 10k visitors/day, which IMHO is not bad)
  • We migrated wiki to http://litecoin.info and implemented LitecoinCryptoPayment spam protection (http://litecoin.info/Special:CryptoPayment - you need to login to use that)
  • We have developed a custom block explorer in effort to gather statistical data from the blockchain http://ltc.block-explorer.com/charts  (this platform is in beta and will be used in the future to provide additional services)
  • We have implemented a p2pool scanner which allows people to find public p2pool nodes in their countries so that they can mine on p2pool without having to set anything up http://p2pool.litecointools.com  (currently under maintenance)
  • We have implemented a whole bunch of custom internal tools - for example, all our sites are monitored for downtime and potential hacking attempts.
  • We have established plans to develop blockchain monitoring solution similar to that ran by LukeJr which allowed him to detect the May 12th fork on bitcoin blockchain.
  • During the last two weeks have found and fixed two vulnerabilities in external pool software which allowed bad miners to submit fake shares making pools think that these miners were providing much higher hash rates then they were (pooler, you rock!)
  • We have been moderating forums from various scammers & spammers posting trojans etc.
  • We have established contact lists for developers, supporters and major pool operators so that everyone can be reachable IRL.
  • We have setup 4 DNS seeds much needed for the network, especially since IRC seeding has been removed.
  • We have re-established a healthy working testnet (which is actively used for in-house testing); this also includes DNS seed servers for testnet.
  • We have been working with variety of service providers discussing and supporting their integration of Litecoin.
  • We have been actively providing support and responding to plethora of inquiries sent to contact@litecoin.org, handling press, redirecting users to appropriate places containing information they seek or simply helping them with their problems.
  • We have been actively working with members of our community to ensure that informatio "Donan they publish and work they do is oriented toward the same vision.
  • We have worked with p2pool developer forrestv to make appropriate modifications to the p2pool in effort to increase long-term health of the network (hence the upcoming new version of p2pool)
  • I myself have put together a site to help new developers get started http://litecoindeveloper.com

I do not like to speak, but when I speak I prefer that it counts.  I hope this brief overview satisfies your criteria for donation. By donating, you ensure that the development team has resources to support the server infrastructure and to get external help in effort to implement variety of projects much needed to expand the reach of the network.

Also, if anyone is wondering, donations are strictly tracked and every expense is discussed and agreed upon by the majority of developers.


I don't understand why you took my post as an insult. I receive my donations, and I choose what I do with them, and donating to the entire dev team is not what I choose to do with them. I have donated LTC to the devs I choose to donate too. As for your post, I believe that this should be the OP, not "Donate to dev team." People want to know what you're doing in the OP. I shouldn't have the need to read the entire thread to be able to find out what's going on.


Title: Re: Litecoin Dev Fundraiser: 5,000 LTC Matching Donation Challenge
Post by: Simran on June 07, 2013, 04:14:32 AM
warren, can you tell what development has been made before I actually donate? There are a few people on this "dev" team that don't even code at all, so I'd like to see the advances being made. Atm, all I see is asking for money.

Simran, really?  You of all people?  How about you take some of that rather large round anonymous donation you have received mid last year for your projects and share that with the dev team?

Dude, donations are not your paycheck. Asking for donations should be the last thing on the dev team's mind. If I've gotten donations, it's because I contributed something. You jealous I've gotten loads more donations? Stop being greedy.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: jubalix on June 07, 2013, 04:23:46 AM
Hey dunno if you guys saw this but there's a new scrypt coin out based on 0.8.2

https://bitcointalk.org/index.php?topic=218851.0

Maybe you can merge in some of the source code changes those guys did.


yeah they are rubbing it in as well

"Core: Bitcoin v0.8.2 (Actually 0.8.99). No fundraiser required."


except it is likely FAKE


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on June 07, 2013, 04:42:18 AM
Hey dunno if you guys saw this but there's a new scrypt coin out based on 0.8.2

https://bitcointalk.org/index.php?topic=218851.0

Maybe you can merge in some of the source code changes those guys did.

It is easy to glue scrypt to Bitcoin source and launch a new coin when you don't need to care about consensus with old nodes.  It is especially easy to do when it is merely a short-term scam where you don't care about bugs.  By contrast, Litecoin needs to be exceedingly careful with the transition as many people are depending on it to go smoothly.

Pooler made a 0.8.1-based client ~2.5 months ago but the team decided it wasn't worth releasing.  It had no git history (just a tarball of source), was unaudited, and Bitcoin-0.8.1 with LevelDB at the time had too many bugs.  As 0.8.x necessitates a hardfork, we want to add more improvements to make this rare opportunity of a hardfork more worthwhile.  The 0.8.2+ based client is shaping up well, with each patch applied on Bitcoin-0.8.2 manually inspected multiple times.  We are now carefully assessing the safety of a major change that should improve the performance of Litecoin after the hardfork.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: cosurgi on June 07, 2013, 10:17:24 PM
donated 200 LTC, way to go!


Title: Re: Litecoin Dev Fundraiser: 5,000 LTC Matching Donation Challenge
Post by: aspect on June 08, 2013, 03:10:14 AM
warren, can you tell what development has been made before I actually donate? There are a few people on this "dev" team that don't even code at all, so I'd like to see the advances being made. Atm, all I see is asking for money.

Simran, really?  You of all people?  How about you take some of that rather large round anonymous donation you have received mid last year for your projects and share that with the dev team?

Dude, donations are not your paycheck. Asking for donations should be the last thing on the dev team's mind. If I've gotten donations, it's because I contributed something. You jealous I've gotten loads more donations? Stop being greedy.

Sorry Simran, you clearly misunderstood what I was talking about.  I PMed you some info.  I hope you withdraw the 'greedy' argument.

Asking for donations is the second thing on developer minds. First one is ensuring proper development of the reference client and health of the network. Donations are merely a tool provided by the community to support the development of the infrastructure around the network and help us grow it.

The development team is comprised of software developers with 10-20+ years of experience in software development. Please don't tell us what should be or should not be first on our minds.

As for the list of things I made earlier, they are _nothing_, merely a drop in an ocean of the actual work and efforts that go into research and development of the reference client which is currently a core system that maintains the Litecoin blockchain. I don't even consider what I listed as work or projects comparing to the real development that goes on behind the scenes.

Also, please keep in mind that everything Warren says, he says on behalf of the development team. So I don't know to which developers you have chosen to donate in the past, but if you don't want to donate to the development fund organized by the team managed by Coblee (who has created this network), it is your business and I have nothing to say to you anymore.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: efx on June 08, 2013, 04:14:07 AM
Okay.... Let's move on to something else that stuck out rather clearly...

"My operating theory is that if I can build a meaningful stake and hold it for a long time, it enhances the personal incentive for me to fix the software and to further work on tools and clients to foster vendor integration. If I am successful with these goals..."


^ Does not inspire confidence. 'invest in me as I am unwilling to invest in myself'????

Maybe you guys should talk about what you're going to say before you say it.

Not here to troll, merely mildly concerned with the behavior I've been noting of late. Also, I wasn't being entirely honest when I made that comment about github (page #1), I found the answers to potential LTC users (along with responses to those who are just trying to help) rather dismissive and alienating.


Think about your presentation, please.


Title: Re: Litecoin Dev Fundraiser: 5,000 LTC Matching Donation Challenge
Post by: Simran on June 08, 2013, 04:29:24 AM
warren, can you tell what development has been made before I actually donate? There are a few people on this "dev" team that don't even code at all, so I'd like to see the advances being made. Atm, all I see is asking for money.

Simran, really?  You of all people?  How about you take some of that rather large round anonymous donation you have received mid last year for your projects and share that with the dev team?

Dude, donations are not your paycheck. Asking for donations should be the last thing on the dev team's mind. If I've gotten donations, it's because I contributed something. You jealous I've gotten loads more donations? Stop being greedy.

Sorry Simran, you clearly misunderstood what I was talking about.  I PMed you some info.  I hope you withdraw the 'greedy' argument.

Asking for donations is the second thing on developer minds. First one is ensuring proper development of the reference client and health of the network. Donations are merely a tool provided by the community to support the development of the infrastructure around the network and help us grow it.

The development team is comprised of software developers with 10-20+ years of experience in software development. Please don't tell us what should be or should not be first on our minds.

As for the list of things I made earlier, they are _nothing_, merely a drop in an ocean of the actual work and efforts that go into research and development of the reference client which is currently a core system that maintains the Litecoin blockchain. I don't even consider what I listed as work or projects comparing to the real development that goes on behind the scenes.

Also, please keep in mind that everything Warren says, he says on behalf of the development team. So I don't know to which developers you have chosen to donate in the past, but if you don't want to donate to the development fund organized by the team managed by Coblee (who has created this network), it is your business and I have nothing to say to you anymore.


Simran's team is composed of a 16 year old. Please don't tell me what I should do with my donation money.

Simran, really?  You of all people?  How about you take some of that rather large round anonymous donation you have received mid last year for your projects and share that with the dev team?


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: jubalix on June 08, 2013, 04:31:09 AM
Nah I think your logic is missing a bit

See, you have to pay for quality dev in any event

So WT is saying that he is going to leave his payment in LTC rather then just take FIAT and spend it.

This may even be provable as if he sends it to address provided, you can see if it is all just siphoned of to another address.

So WT is investing and building a stake. Also nothing concentrates the mind when you have a stake in what you are doing rather than just a hired gun

so the right strategy all around


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: Simran on June 08, 2013, 04:35:24 AM
Nah I think your logic is missing a bit

See, you have to pay for quality dev in any event

So WT is saying that he is going to leave his payment in LTC rather then just take FIAT and spend it.

This may even be provable as if he sends it to address provided, you can see if it is all just siphoned of to another address.

So WT is investing and building a stake. Also nothing concentrates the mind when you have a stake in what you are doing rather than just a hired gun

so the right strategy all around

He's asking for donations not a paycheck.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: efx on June 08, 2013, 04:51:11 AM
"
So WT is investing and building a stake. Also nothing concentrates the mind when you have a stake in what you are doing rather than just a hired gun"

jubalix, highly contradictory...  The rest of your post is pure supposition ... However, I think your suggestions definitely have merit.

At least the donations are going to coblee initially, the OP is the only part of this thread that has been handled properly....

***oops, my mistake, post #2 now contains relevant information also.
However, I must ask: what's the deal with the highly compressed image with some of the information obscured?


Also, found this a bit odd: "Note: We do not recommend litehosting.org as a provider."

Oh? So you are using it only for the LTC payment option? Not exactly sure if the intent behind that statement is just an attempt at being neutral or a complaint...

Again, give some more thought to your public relations and presentation.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on June 08, 2013, 12:36:45 PM
Nah I think your logic is missing a bit

See, you have to pay for quality dev in any event

So WT is saying that he is going to leave his payment in LTC rather then just take FIAT and spend it.

This may even be provable as if he sends it to address provided, you can see if it is all just siphoned of to another address.

So WT is investing and building a stake. Also nothing concentrates the mind when you have a stake in what you are doing rather than just a hired gun

so the right strategy all around

This is precisely my intent.  After documented expenses and taxes are paid out, I intend on holding the LTC for a long while.  If LTC becomes a medium of exchange in commerce instead of an irrational speculator's playground then it's worthwhile to hold for that possibility.  This could also be a risk of losing all that value if LTC is not embraced by the merchants.  I can only make the software technically better.  I cannot control what merchants do with it.

What are the expenses?
  • Team infrastructure expenses are top priority.
  • We plan on small donations to skilled contractors for specific tasks.  For example, we have 100 LTC promised to an old school expert OpenBSD/MacOS developer if he succeeds at officially maintaining both ports. There will also be a bigger donation to a highly skilled expert for an external code audit, meant to reduce the overall risk to the network.
  • forrestv got some LTC for his current work to substantially mitigate problems caused by p2pool.  We realized only recently that p2pool had alarmingly grown to become the largest txo generator for Litecoin.  The next version of p2pool LTC will hardfork its share chain to pay out larger minimum dust sizes and less often, thereby making p2pool dust far less painful to deal with.
  • So far all the other core devs have refused these donations.  However, I strongly recommend that pools consider donating to pooler directly after he saved their collective asses. (https://plus.google.com/104307324656397909502/posts/XGBxmwZkYdu).
  • The guidance on tax treatment is unclear to me, so I plan to hire a CPA firm to figure out how I may be required to classify this as income to remain in compliance with the law.  Depending on what the CPA tells me, I might be forced to sell a portion of the post-expense LTC to USD to pay Federal and State estimated income taxes.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: CoinHoarder on June 08, 2013, 12:40:18 PM
Jeez, I just don't get some of you... these guys are working to improve the future of Litecoin, they deserve donations.

If you don't want to donate, then do not donate. Trolling this thread and the dev team does absolutely no good to anyone.

Keep up the great work devs, as others have stated I'm happy Litecoin can attract the caliber of devs that it is. It makes me really excited for Litecoin's future.

Warren, you have my respect for not fighting back and remaining respectful in your replies, don't let the naysayers get to you.  :)


PS: To Litecoin miners that want to donate: hypernova.pw is neat pool with a custom front end. There is a 1% pool fee, but you can also set it to send 1-10% of your minted coins straight to the dev team, which is quite convenient.  :)

EDIT: ^^ hmm, that feature seems to have disappeared. Sorry for the misinformation.  :-[


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: nightengale on June 08, 2013, 01:55:52 PM
All of this is why litecoin could potentially not make it. The developers have done good work thus far and appear to continue to do good work and lay the groundwork for great things. If they're asking for donations and you want to give, awesome. If you don't, then don't.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: adpinbr on June 08, 2013, 04:29:39 PM
Maybe Im uninformed but seems like they till last week, they didn't work on the project for a while. LTC is the second crypto currency, we are all going to be billionaires, donate away


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: aspect on June 08, 2013, 06:03:11 PM
"
So WT is investing and building a stake. Also nothing concentrates the mind when you have a stake in what you are doing rather than just a hired gun"

jubalix, highly contradictory...  The rest of your post is pure supposition ... However, I think your suggestions definitely have merit.

At least the donations are going to coblee initially, the OP is the only part of this thread that has been handled properly....

***oops, my mistake, post #2 now contains relevant information also.
However, I must ask: what's the deal with the highly compressed image with some of the information obscured?


Also, found this a bit odd: "Note: We do not recommend litehosting.org as a provider."

Oh? So you are using it only for the LTC payment option? Not exactly sure if the intent behind that statement is just an attempt at being neutral or a complaint...

Again, give some more thought to your public relations and presentation.

Hi efx,

Your points are noted.  I would like to say that we are all trying our best. We are not a large organization that can afford to handle someone to do PR or for that matter do peer reviews on every post. For the most part, we are all overloaded with existing tasks and our priority is working on & thoroughly testing technical aspects of the system and supporting infrastructure.  I myself have been repeatedly malfunctioning by trying to do too many things at the same time.  In the last 2-3 months, Litecoin project has created a full-time workload for me personally... and I have a full-time job...

Which is a reason why I almost never post on forums. Writing these posts consumes time and a lot of time what is written gets dissected and turned upside down from it's original meaning. Like some weird form of ASCII Darwinism. This time IMHO is much better spent on writing code that relates to Litecoin projects.

Having now worked for months with people in the dev team and supporting the project from pre-BCX days.  I can say that everyone is doing their best and that we rely on community to understand our goals and efforts and hopefully ignore any shortcomings.

To respond to your exact questions, I understand your question about highly compressed image, because I have an image processing background and know how "customer" can look at that. However, for a developer who does code and doesn't care about images, this is irrelevant and not worth the time to think about.

As for Litehosting, being a provider that accepts Litecoin as a payment, it only made sense to support them and use their services.  Unfortunately this provider had a server malfunction, which resulted in serious data loss (right as I was setting up backup scripts!). The provider has not acted professionally on our opinion and we have decided to gradually migrate to other providers.  We switched parts of our infrastructure to BitVPS and unfortunately ran into further problems there as well.  As a result, I incurred a cost of over 10 hours in additional work that did not need to be done (and I still have much more work pending that area). But while this was painful, the effect was positive. All our sites are now properly backed up and as previously mentioned we have put together a monitoring service that constantly monitors our infrastructure for downtime.  We no longer actively endorse Litehosting, but we haven't abandoned them and still use them for some services. Everyone makes mistakes and IMHO it is a learning experience for all of us (at least this is my personal take on that). At least now, with the development fund, we can consider migration to major providers.

TL;DR;

We are doing our best. Our primary goals are technological advancements of the code base, health and stability of the network and stimulation of integration with 3rd party service providers.  We hope Litecoin community understands this, supports us in our efforts and forgives us for any shortcomings.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wizzardTim on June 08, 2013, 06:26:14 PM
Thank you Litecoin Development Team for all your efforts. We appreciate the hard work you guys do.

I see that you've added many translations in the official site "litecoin.org". I could help with translating the site to the greek language (ελληνικά). If you'd like that, feel free to pm me.

I believe the community (and above all merchants) needs a better "Litecoin accepted here" logo or button, since the original one is way too blurred / faded out. Schism has made an excellent LTC icon, and by excellent I mean the best there is. You can check it here --> https://forum.litecoin.net/index.php/topic,4212.0.html

Also, wtfhazzy has made an excellent font for it here http://www.reddit.com/r/litecoin/comments/1ftg6l/we_need_a_new_litecoin_accepted_here_logo/

Schism said he will combine the logo with the font, so the result will be absolutely amazing.

If possible, we'd like to use the new LTC logo/ LTC accepted here button on the wikipedia, litecoin.org & everywhere else, because the visual element always counts and makes LTC more appealing.



Waiting to hear from you,
Sincerely, wizzardTim


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: aspect on June 08, 2013, 06:58:32 PM
Thank you Litecoin Development Team for all your efforts. We appreciate the hard work you guys do.

I see that you've added many translations in the official site "litecoin.org". I could help with translating the site to the greek language (ελληνικά). If you'd like that, feel free to pm me.

I believe the community (and above all merchants) needs a better "Litecoin accepted here" logo or button, since the original one is way too blurred / faded out. Schism has made an excellent LTC icon, and by excellent I mean the best there is. You can check it here --> https://forum.litecoin.net/index.php/topic,4212.0.html

Also, wtfhazzy has made an excellent font for it here http://www.reddit.com/r/litecoin/comments/1ftg6l/we_need_a_new_litecoin_accepted_here_logo/

Schism said he will combine the logo with the font, so the result will be absolutely amazing.

If possible, we'd like to use the new LTC logo/ LTC accepted here button on the wikipedia, litecoin.org & everywhere else, because the visual element always counts and makes LTC more appealing.



Waiting to here from you,
Sincerely, wizzardTim

Hi wizzardTim,

I posted a request to schisms here: https://forum.litecoin.net/index.php/topic,4212.msg30015.html#msg30015 (https://forum.litecoin.net/index.php/topic,4212.msg30015.html#msg30015)

This area contains most graphics: http://litecoin.info/Graphics_Resources (http://litecoin.info/Graphics_Resources)  I also posted on reddit asking people to submit there.

For the translation, that would be most appreciated.  The best way to do this is to do "view source" of litecoin.org site and edit the text in place.  Then e-mail to contact@litecoin.org.  That will reach me and I will embed the new language into the site.

If you are familiar with how git/github works, you can do integration yourself by creating a branch and a pull request of litecoin.org site at https://github.com/litecoin-project/litecoin.org (https://github.com/litecoin-project/litecoin.org) and modifying https://github.com/litecoin-project/litecoin.org/blob/master/views/index.ejs (https://github.com/litecoin-project/litecoin.org/blob/master/views/index.ejs) and https://github.com/litecoin-project/litecoin.org/blob/master/site.js (https://github.com/litecoin-project/litecoin.org/blob/master/site.js)  ...but if this is too complex, just e-mail us the translation.

Any contributions in any form are greatly appreciated.  If someone is proficient in another language and can do a proper technical translation of litecoin.org, please take your time to do the same.  Ever since we have introduced other languages, we have received e-mails from people around the world with comments or support questions (for which we had to use google translate to answer :) ).

Thanks!


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: adpinbr on June 08, 2013, 07:39:01 PM
Im willing to translate to hebrew. where should i submit such a translation?


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wizzardTim on June 08, 2013, 08:35:05 PM
Thank you Litecoin Development Team for all your efforts. We appreciate the hard work you guys do.

I see that you've added many translations in the official site "litecoin.org". I could help with translating the site to the greek language (ελληνικά). If you'd like that, feel free to pm me.

I believe the community (and above all merchants) needs a better "Litecoin accepted here" logo or button, since the original one is way too blurred / faded out. Schism has made an excellent LTC icon, and by excellent I mean the best there is. You can check it here --> https://forum.litecoin.net/index.php/topic,4212.0.html

Also, wtfhazzy has made an excellent font for it here http://www.reddit.com/r/litecoin/comments/1ftg6l/we_need_a_new_litecoin_accepted_here_logo/

Schism said he will combine the logo with the font, so the result will be absolutely amazing.

If possible, we'd like to use the new LTC logo/ LTC accepted here button on the wikipedia, litecoin.org & everywhere else, because the visual element always counts and makes LTC more appealing.



Waiting to here from you,
Sincerely, wizzardTim

Hi wizzardTim,

I posted a request to schisms here: https://forum.litecoin.net/index.php/topic,4212.msg30015.html#msg30015

This area contains most graphics: http://litecoin.info/Graphics_Resources  I also posted on reddit asking people to submit there.

For the translation, that would be most appreciated.  The best way to do this is to do "view source" of litecoin.org site and edit the text in place.  Then e-mail to contact@litecoin.org.  That will reach me and I will embed the new language into the site.

If you are familiar with how git/github works, you can do integration yourself by creating a branch and a pull request of litecoin.org site at https://github.com/litecoin-project/litecoin.org and modifying https://github.com/litecoin-project/litecoin.org/blob/master/views/index.ejs and https://github.com/litecoin-project/litecoin.org/blob/master/site.js  ...but if this is too complex, just e-mail us the translation.

Any contributions in any form are greatly appreciated.  If someone is proficient in another language and can do a proper technical translation of litecoin.org, please take your time to do the same.  Ever since we have introduced other languages, we have received e-mails from people around the world with comments or support questions (for which we had to use google translate to answer :) ).

Thanks!

Hi aspect,

I am glad you accepted my request and it will be an honour to help :) . I will do the translate this week. I am not familiar with github, but since I know php, html and javascript, I guess github will not be a problem for me.

If i face any difficulty or issue, I will send you the translation directly.

Let's make it happen!!!


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: aspect on June 09, 2013, 12:27:08 AM
Im willing to translate to hebrew. where should i submit such a translation?

adpinbr, please read my response to wizzardTim.  You can e-mail to contact@litecoin.org if you need help.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: Stark-Fujikawa on June 09, 2013, 01:38:07 AM
I have sent you a Dutch translation for Litecoin.org. If there are other materials you'd like to see translated, do not hesitate to drop me a line.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: efx on June 09, 2013, 03:46:04 AM
^ Awesome!

Aspect, the only reason I brought up the image is because some of the information is obscured. Compression artifacts are of no concern (it's not really promotional content) for such a document if it's at least legible.

The statement about hosting makes much more sense now. I think at least giving it a try was a good idea. We could use more customer reports on cryptocurrency services, that's for sure!


Anyways, I'm very pleased to see someone reaching out to those who are willing to help ;)


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: forsetifox on June 09, 2013, 04:13:07 AM

LTC has negative hashrate right now. =O


http://i.imgur.com/cnt0c4t.png


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: aspect on June 09, 2013, 04:35:02 AM

LTC has negative hashrate right now. =O


forsetifox, this is a fundraising thread.  It would be appreciated if you post topics or questions related specifically to fundraising or overall project strategy & actions.  If you have any questions or concerns related to existing client functionality, litecoin forums would be a more appropriate place: http://forum.litecoin.net (http://forum.litecoin.net).

What you are describing is a very old hash rate calculation bug that has been fixed long time ago in this commit: https://github.com/litecoin-project/litecoin/commit/7fd4c83da7d5315720ff9e481f319ccfddc5f958 (https://github.com/litecoin-project/litecoin/commit/7fd4c83da7d5315720ff9e481f319ccfddc5f958)

I.e. this is fixed if you are building from 0.6.3c sources available on github.  This RPC call is usually used only by miners and users who run litecoind on linux servers.

Naturally, this is also fixed in the upcoming 0.8.2 release.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on June 09, 2013, 02:03:30 PM
https://forum.litecoin.net/index.php/topic,4040.msg30133.html#msg30133


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wizzardTim on June 09, 2013, 06:51:55 PM
Thank you Litecoin Development Team for all your efforts. We appreciate the hard work you guys do.

I see that you've added many translations in the official site "litecoin.org". I could help with translating the site to the greek language (ελληνικά). If you'd like that, feel free to pm me.

I believe the community (and above all merchants) needs a better "Litecoin accepted here" logo or button, since the original one is way too blurred / faded out. Schism has made an excellent LTC icon, and by excellent I mean the best there is. You can check it here --> https://forum.litecoin.net/index.php/topic,4212.0.html

Also, wtfhazzy has made an excellent font for it here http://www.reddit.com/r/litecoin/comments/1ftg6l/we_need_a_new_litecoin_accepted_here_logo/

Schism said he will combine the logo with the font, so the result will be absolutely amazing.

If possible, we'd like to use the new LTC logo/ LTC accepted here button on the wikipedia, litecoin.org & everywhere else, because the visual element always counts and makes LTC more appealing.



Waiting to here from you,
Sincerely, wizzardTim

Hi wizzardTim,

I posted a request to schisms here: https://forum.litecoin.net/index.php/topic,4212.msg30015.html#msg30015

This area contains most graphics: http://litecoin.info/Graphics_Resources  I also posted on reddit asking people to submit there.

For the translation, that would be most appreciated.  The best way to do this is to do "view source" of litecoin.org site and edit the text in place.  Then e-mail to contact@litecoin.org.  That will reach me and I will embed the new language into the site.

If you are familiar with how git/github works, you can do integration yourself by creating a branch and a pull request of litecoin.org site at https://github.com/litecoin-project/litecoin.org and modifying https://github.com/litecoin-project/litecoin.org/blob/master/views/index.ejs and https://github.com/litecoin-project/litecoin.org/blob/master/site.js  ...but if this is too complex, just e-mail us the translation.

Any contributions in any form are greatly appreciated.  If someone is proficient in another language and can do a proper technical translation of litecoin.org, please take your time to do the same.  Ever since we have introduced other languages, we have received e-mails from people around the world with comments or support questions (for which we had to use google translate to answer :) ).

Thanks!

Hi aspect,

I am glad you accepted my request and it will be an honour to help :) . I will do the translate this week. I am not familiar with github, but since I know php, html and javascript, I guess github will not be a problem for me.

If i face any difficulty or issue, I will send you the translation directly.

Let's make it happen!!!

Hi aspect,

I have finished the greek translation on github!! :):) I have made 2 pull requests, please consider only the last one, with the word "FINAL" in the title. It is the first time I use github, so please excuse my ignorance.
I believe I have done everything right, take a while to check it too, just to be sure.

Waiting to hear from you,
wizzardTim


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: aspect on June 10, 2013, 03:52:32 AM
Thank you wizzardTim. http://litecoin.org/el (http://litecoin.org/el)


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: flound1129 on June 10, 2013, 04:26:42 AM
Speaking of network hashrate, will you guys be porting/preserving the getnetworkhashps method to 0.8.x or are you dropping it like Bitcoin did?


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on June 10, 2013, 05:10:58 AM
Speaking of network hashrate, will you guys be porting/preserving the getnetworkhashps method to 0.8.x or are you dropping it like Bitcoin did?

Rebased and improved.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wizzardTim on June 10, 2013, 06:44:26 AM
Thank you wizzardTim. http://litecoin.org/el

My pleasure  :)


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on June 10, 2013, 06:52:53 AM
https://forum.litecoin.net/index.php/topic,3874.msg30299.html#msg30299
Wow!  Someone donated an additional 15 BTC.  Unlike the previous BTC donations we are holding this to be able to pay contractors who requested BTC.

https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0
The spreadsheet recognizes the 15 BTC at @ 0.0238, the spot value at the time of the donation.  630.2521 LTC has been added to the spreadsheet, which is a big boost to help us reach the challenge!  At the time of this post, 3708.28 LTC remains in the matching donation challenge (https://bitcointalk.org/index.php?topic=215773.msg2264580#msg2264580).  Your current donations are magnified by two in support of the Litecoin Dev Team's long-term efforts on maintaining and expanding the core infrastructure of the Litecoin ecosystem.


Title: Litecoin-0.8.2-alpha1 EXPERIMENTAL TESTING NEEDED
Post by: wtogami on June 12, 2013, 01:17:31 AM
https://forum.litecoin.net/index.php/topic,4371.0.html
Litecoin-0.8.2-alpha1 EXPERIMENTAL TESTING NEEDED


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: serraz on June 12, 2013, 04:33:40 AM
Another 60LTC donated on behalf of give-me-ltc.

Keep up the great work guys. Let me know if you need anything from me.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: mmitech on June 12, 2013, 07:29:52 AM
downloaded and started testing , I will post feedback in case of problems. thank you


note1: i just hope that there is no risk to lose my coins.
note2: I need to download the hole block chain .
note3: it is really impressive how fast is the block chain download
note4: it took me only about 20-25 min to download the block chain. and the stratup time of the client is really impressive, I do not have to wait 5 min to launch the client any more.


I just donated another 5 LTC with the new client  ;)

edit: 0.01179505 LTC fee, is this normal ? I had a feeling that fees were lower before or am I wrong ?

http://explorer.litecoin.net/tx/d6cb990ec6b2db90f5806d1227b25520f07f2cb793e17dc276d82c1d06b71f73#o0


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on June 12, 2013, 08:50:48 AM
downloaded and started testing , I will post feedback in case of problems. thank you


note1: i just hope that there is no risk to lose my coins.
note2: I need to download the hole block chain .
note3: it is really impressive how fast is the block chain download
note4: it took me only about 20-25 min to download the block chain. and the stratup time of the client is really impressive, I do not have to wait 5 min to launch the client any more.


I just donated another 5 LTC with the new client  ;)

edit: 0.01179505 LTC fee, is this normal ? I had a feeling that fees were lower before or am I wrong ?

http://explorer.litecoin.net/tx/d6cb990ec6b2db90f5806d1227b25520f07f2cb793e17dc276d82c1d06b71f73#o0

Read the FAQ.  It explains this test version exists for the purpose of confirming full compatibility with 0.6.x.  If things go well, there will be a new version of 0.6.x and 0.8.2-alpha which rolls out the new fee.

Your client paid a weird fee because if any change would be less than 0.01 LTC it automatically adds it to fee instead of making a dust txo.  Bitcoin works this way too, but at a smaller threshold.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: mmitech on June 12, 2013, 09:00:56 AM
Quote
Read the FAQ.  It explains this version is t test that it is fully compatible with 0.6.x.  If things go well, there will be a new version of 0.6.x and 0.8.2-alpha which rolls out the new fee.

Your client paid a weird fee because if any change would be less than 0.01 LTC it automatically adds it to change instead of making a dust txo.  Bitcoin works this way too, but at a smaller threshold.

Sorry I missed that one, but the fee is high even for 0.6.x am i wrong ? what do you think ?


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: adpinbr on June 12, 2013, 02:12:43 PM
So when will we actually see some products?


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on June 12, 2013, 02:44:16 PM
Quote
Read the FAQ.  It explains this version is t test that it is fully compatible with 0.6.x.  If things go well, there will be a new version of 0.6.x and 0.8.2-alpha which rolls out the new fee.

Your client paid a weird fee because if any change would be less than 0.01 LTC it automatically adds it to change instead of making a dust txo.  Bitcoin works this way too, but at a smaller threshold.

Sorry I missed that one, but the fee is high even for 0.6.x am i wrong ? what do you think ?

I had a thinko earlier.  Change smaller than 0.01 goes directly into the fee instead of becoming change.  The client does this to prevent the creation of really tiny dust.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: Radacoin on June 12, 2013, 02:49:33 PM
It is for this reason that we are requesting donations to help fund this development work.

Do you accept Feathercoins?


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: coblee on June 12, 2013, 06:04:17 PM
It is for this reason that we are requesting donations to help fund this development work.

Do you accept Feathercoins?

Sorry, just bitcoins and litecoins.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: mmitech on June 12, 2013, 06:19:22 PM
It is for this reason that we are requesting donations to help fund this development work.

Do you accept Feathercoins?

coblee is trying to be professional and kind, but let me translate : " we take only real coins here, we do not accept junk or monopoly money".   


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: chinchs on June 12, 2013, 09:44:11 PM
It is for this reason that we are requesting donations to help fund this development work.

Do you accept Feathercoins?

coblee is trying to be professional and kind, but let me translate : " we take only real coins here, we do not accept junk or monopoly money".   

What the problem with other coins? as long as you can trade them in some place (like crytsy or btc-e), the developer can change them for LTC or BTC.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: coblee on June 12, 2013, 09:49:54 PM
It is for this reason that we are requesting donations to help fund this development work.

Do you accept Feathercoins?

coblee is trying to be professional and kind, but let me translate : " we take only real coins here, we do not accept junk or monopoly money".   

What the problem with other coins? as long as you can trade them in some place (like crytsy or btc-e), the developer can change them for LTC or BTC.

Having to accept each and every coin is going to waste a lot of our time. It would be better for the donator to convert the coins to LTC and then donate them to us. Thanks.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: YipYip on June 13, 2013, 02:18:34 AM
It is for this reason that we are requesting donations to help fund this development work.

Do you accept Feathercoins?

coblee is trying to be professional and kind, but let me translate : " we take only real coins here, we do not accept junk or monopoly money".   

No reason to be rude -1


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: YipYip on June 13, 2013, 02:23:20 AM
Can u give me the breakdown or a link that explains the current exorbitant fee of 0.1 methodology so that we know when and how this is requested\charged etc

yesterday I was tx to and from a hot wallett to cold storage and was hit 4 times with .1 :(

even Visa & mc dont charge that much ..(well they do but come on :( )



Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on June 13, 2013, 09:12:36 AM
Can u give me the breakdown or a link that explains the current exorbitant fee of 0.1 methodology so that we know when and how this is requested\charged etc

yesterday I was tx to and from a hot wallett to cold storage and was hit 4 times with .1 :(

even Visa & mc dont charge that much ..(well they do but come on :( )



That's from the history of "no development and no release for a year", which is one of the reasons why I joined development.  The next release drops the fee by a conservative factor.  We will monitor market conditions after that point and decide how to adjust the standard fee again.  0.8.2 also allows mining pools the freedom to adjust their acceptable fee threshold if they think they can attract more profits, but that can be hazardous to their pool if done improperly.

Please follow the Litecoin Dev Team news.  All this stuff is explained there first: https://plus.google.com/104307324656397909502/posts (https://plus.google.com/104307324656397909502/posts)


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: trdiablo on June 13, 2013, 09:24:12 AM
What LTC really needs (and fast) are plug-ins for the most common Shopping cart systems. Many of the sites that currently accept BTC woudl be willing to accept LTC also but they don't because there is no (secure) plugin for it like BTC has.

All software listed here https://bitpay.com/bitcoin-shopping-cart-plugins (https://bitpay.com/bitcoin-shopping-cart-plugins)  should also have a LTC version.
Once more merchants accept it the price will for sure go up.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: kelsey on June 13, 2013, 11:43:30 AM
Can u give me the breakdown or a link that explains the current exorbitant fee of 0.1 methodology so that we know when and how this is requested\charged etc

yesterday I was tx to and from a hot wallett to cold storage and was hit 4 times with .1 :(

even Visa & mc dont charge that much ..(well they do but come on :( )



That's from the history of "no development and no release for a year", which is one of the reasons why I joined development.  The next release drops the fee by a conservative factor.  We will monitor market conditions after that point and decide how to adjust the standard fee again.  0.8.2 also allows mining pools the freedom to adjust their acceptable fee threshold if they think they can attract more profits, but that can be hazardous to their pool if done improperly.

Please follow the Litecoin Dev Team news.  All this stuff is explained there first: https://plus.google.com/104307324656397909502/posts


I think any kind of transfer fees defeats one of the main reasons for having cryptocurrencies in the first place.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: E.Sam on June 13, 2013, 12:01:29 PM
Quote
I think any kind of transfer fees defeats one of the main reasons for having cryptocurrencies in the first place.

I agree, but unfortunately you have to do so in order to avoid blockchain spam. There was a lot of transaction spam during the early months of Litecoin, which filled up the blockchain. Following this, the fees were revised.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on June 13, 2013, 12:43:39 PM
Quote
I think any kind of transfer fees defeats one of the main reasons for having cryptocurrencies in the first place.

I agree, but unfortunately you have to do so in order to avoid blockchain spam. There was a lot of transaction spam during the early months of Litecoin, which filled up the blockchain. Following this, the fees were revised.

Not just spam protection, but transaction fees are also necessary to pay for miners to operate in the future when the block subsidy reward gets smaller and smaller.  Providing security for the blockchain is not free.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: E.Sam on June 13, 2013, 12:45:24 PM
Ho yes, of course... forgot this *small* detail  ;D


Title: Coin Control Experimental Build
Post by: wtogami on June 13, 2013, 12:46:32 PM
http://togami.com/~warren/archive/2013/zomg-litecoin-coin-control.png

https://forum.litecoin.net/index.php/topic,4371.msg31127.html#msg31127
Coin Control Experimental Build


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: atengzt on June 13, 2013, 01:18:23 PM
Donated 11LTC.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wizzardTim on June 13, 2013, 03:39:33 PM
@devs: have you seen this: https://forum.litecoin.net/index.php/topic,4212.msg31180.html#msg31180 ?

Can we replace the old icons/logos from the wikipedia/litecoin.org/client?

I believe they are much better. Swapping the old with the new, more eye-candy versions, will make LTC more appealing and easily welcome.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: dragon2nd on June 14, 2013, 03:57:20 PM
Well, it seems unlikely that LTC will win the 5,000 LTC Matching Donation Challenge by June 18th.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: OneMINER on June 14, 2013, 08:13:39 PM
To hell with that. We're going to make it. ;P

20 LTC donated.

EDIT: This is over 10% of my LTC holdings and two months of my 24/7 GPU output. Let's step it up people!!! :D


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on June 14, 2013, 09:20:02 PM
Updated: June 14th, 2013

~2,870 LTC remaining to meet the 5,000 LTC Challenge

https://forum.litecoin.net/index.php/topic,3874.msg27095.html#msg27095
Donations in support Litecoin Dev are now doubled thanks to the matching sponsor!
https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0
See the list of sponsors.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on June 16, 2013, 01:23:18 AM
Updated: June 15th, 2013

~2,462 LTC remaining to meet the 5,000 LTC Challenge

https://forum.litecoin.net/index.php/topic,3874.msg27095.html#msg27095
Donations in support Litecoin Dev are now doubled thanks to the matching sponsor!
https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0
See the list of sponsors.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: ThiagoCMC on June 16, 2013, 05:18:39 AM
Guys,

Long life to Litecoin and Bitcoin!!

I'm the owner of the following Launchpad account: https://launchpad.net/~litecoin

Please, let me know if you guys wants it... I would love to help Litecoin Ubuntu packaging.

Best!
Thiago


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: zappa on June 16, 2013, 05:50:26 AM
10% of my holdings incomming, you'd better make it!


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on June 16, 2013, 10:29:48 AM
Updated: June 16th, 2013

~2,385 LTC remaining to meet the 5,000 LTC Challenge

https://forum.litecoin.net/index.php/topic,3874.msg27095.html#msg27095
Donations in support Litecoin Dev are now doubled thanks to the matching sponsor!
https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0
See the list of sponsors.  PM me with your txid if you want your name listed.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: coinedBit on June 16, 2013, 01:09:27 PM
LiteCoin being fairly well known and getting lots of publicity, why don't you simply start a traditional crowdfunding campaign, e.g. through kickstarter ?


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: kelsey on June 16, 2013, 01:20:35 PM
Quote
I think any kind of transfer fees defeats one of the main reasons for having cryptocurrencies in the first place.

I agree, but unfortunately you have to do so in order to avoid blockchain spam. There was a lot of transaction spam during the early months of Litecoin, which filled up the blockchain. Following this, the fees were revised.

Not just spam protection, but transaction fees are also necessary to pay for miners to operate in the future when the block subsidy reward gets smaller and smaller.  Providing security for the blockchain is not free.

Well we all know why the fee's are in place but doesn't change the fact that it defeats the purpose of having such a currency.....so I think you can come up with a tad better solution then this.

All the push for cryptocurrencies;

oh don't give the big banks your fees, and there is none of these big evil central banks.......yet using ltc the transfer fees are larger then any bank I use, and now you're pushing to be on Mt Gox......so what then is you're reasoning for existance?


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on June 16, 2013, 04:42:27 PM

Well we all know why the fee's are in place but doesn't change the fact that it defeats the purpose of having such a currency.....so I think you can come up with a tad better solution then this.

All the push for cryptocurrencies;

oh don't give the big banks your fees, and there is none of these big evil central banks.......yet using ltc the transfer fees are larger then any bank I use, and now you're pushing to be on Mt Gox......so what then is you're reasoning for existance?

The current fees are from an accident of history.  There has been no development of Litecoin and no releases for a year.  The current LTC dev team is newly organized as of March with rapid development from May.  The team is now in the process of rolling out many bug fixes and lower fees to match prevailing market conditions.  Check out the news: https://plus.google.com/104307324656397909502/posts

Litecoin is NOT FOR MICRO-TRANSACTIONS.  It makes no sense to allow thousandth or millionth of a cent transactions on a public ledger that only grows forever.  Litecoin has made the conscious decision to discourage stupid uses of the ledger using market-based behavioral incentives, thus allowing the blockchain size and UTXO set to grow with proportion to actual user adoption.  These rules were in place from November 2011, and are likely a major contributing factor to the survival of the coin while so many others have failed.

If you don't like it, you are welcome to use any of the other coins.  Bitcoin, for example, you might have heard of it.  Bitcoin has an entirely different philosophy, to the extent that the chain storage is rapidly growing beyond the level of comfort for the casual home user.  Learn more about Bitcoin's political battle over inefficient growth at Keep Bitcoin Free (http://keepbitcoinfree.org/).


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: sixteendigits on June 16, 2013, 05:02:55 PM
I was going to donate a few LTC but when I check the address in block explorer it says that it isn't found.  Is the block explorer not working right now, or is the address incorrect?  Wanted to be sure I got the right address before I send off any donations.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on June 16, 2013, 07:04:47 PM
I was going to donate a few LTC but when I check the address in block explorer it says that it isn't found.  Is the block explorer not working right now, or is the address incorrect?  Wanted to be sure I got the right address before I send off any donations.

That explorer database has suffered a major failure.  You can verify coblee's GPG signature to verify that the message was genuine.

http://explorer.litecoin.net/address/LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3
http://litecoinscout.com/address/LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3
Here are two other explorers.

Thanks for your support!  Please reply/PM with your txid if you want your name on the sponsor list.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on June 17, 2013, 12:40:53 AM
Updated: June 16th, 2013

~2,176 LTC remaining to meet the 5,000 LTC Challenge

https://forum.litecoin.net/index.php/topic,3874.msg27095.html#msg27095
Donations in support Litecoin Dev are now doubled thanks to the matching sponsor!
https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0
See the list of sponsors.  PM me with your txid if you want your name listed.

Deadline for matching challenge is June 18th noon GMT.


Title: Important News: reduced LTC fees coming soon, review/testing needed
Post by: wtogami on June 17, 2013, 02:56:35 AM

Important News: reduced LTC fees coming soon, review/testing needed.
https://forum.litecoin.net/index.php/topic,4488

0.6.4rc1 is now available for public code review.  We need your help NOW to review these commits and test them on mainnet.  If nobody finds any problems, then we can make the next official release of 0.6.x with the new lower fee REAL SOON.  Everyone wants that right?  If so please help to carefully review and test this!  This is very important, as this tree is likely the next official release, with the old fee so people can safely test it now.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: mybtc2020 on June 17, 2013, 04:58:19 AM
thank you very much。请尽快成立稳定的litecoin基金会。


Title: MacOS EXPERIMENTAL 0.8.2-alpha1 with Coin Control
Post by: wtogami on June 17, 2013, 09:41:45 AM
MacOS EXPERIMENTAL 0.8.2-alpha1 with Coin Control
http://myutil.com/litecoin/0.8.2/awesomecoin-cc4-88b7aa3d74a98acd7c642facb72b3db759d98c20/

It was built by my friend on a fresh install of MacOS X 10.6 32bit.  I did not test it.  You should verify his GPG signature before running this.  Get his key from a GPG key server.  Make backups of everything before trying it!  This is very untested.  Could be dangerous.

Note: I vouch for the guy who built this, but not the software.  The software could burn your house down for all I know.  Did I mention backups?


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on June 17, 2013, 11:19:34 AM
Updated: June 17th, 2013

~1,996 LTC remaining to meet the 5,000 LTC Challenge

https://forum.litecoin.net/index.php/topic,3874.msg27095.html#msg27095
Donations in support Litecoin Dev are now doubled thanks to the matching sponsor!
https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0
See the list of sponsors.  PM me with your txid if you want your name listed.

Deadline for matching challenge is June 18th noon GMT.  One day remaining!


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: WeTradeCoins on June 17, 2013, 08:43:31 PM
Updated: June 17th, 2013

~1,996 LTC remaining to meet the 5,000 LTC Challenge

https://forum.litecoin.net/index.php/topic,3874.msg27095.html#msg27095
Donations in support Litecoin Dev are now doubled thanks to the matching sponsor!
https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0
See the list of sponsors.  PM me with your txid if you want your name listed.

Deadline for matching challenge is June 18th noon GMT.  One day remaining!

1k coins on your way!! (yes, ONE THOUSAND!)

Date: 17/6/2013 23:41
To: LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3
Debit: -1000.00 LTC
Net amount: -1000.00 LTC
Transaction ID: 0f141d4f098a7ff09f8b3c178558d6bd207d0c1250be8ce1fb591a5658b0933c

Rock on!!


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: E.Sam on June 17, 2013, 08:46:50 PM
Quote
1k coins on your way!! (yes, ONE THOUSAND!)

Date: 17/6/2013 23:41
To: LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3
Debit: -1000.00 LTC
Net amount: -1000.00 LTC
Transaction ID: 0f141d4f098a7ff09f8b3c178558d6bd207d0c1250be8ce1fb591a5658b0933c

Rock on!!

 :o


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: WeTradeCoins on June 17, 2013, 09:01:54 PM
Cmon ppl, just 1k to go... Your turn.. :P


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on June 18, 2013, 02:12:58 AM
Updated: June 18th, 2013

~771 LTC remaining to meet the 5,000 LTC Challenge

https://forum.litecoin.net/index.php/topic,3874.msg27095.html#msg27095
Donations in support Litecoin Dev are now doubled thanks to the matching sponsor!
https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0
See the list of sponsors.  PM me with your txid if you want your name listed.

Deadline for matching challenge is June 18th noon GMT.  Less than 10 hours remaining!


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: Sahtor on June 18, 2013, 04:14:09 AM
Date: 6/18/13 07:13
To: Litecoin Development Fund LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3
Debit: -10.00 LTC
Net amount: -10.00 LTC
Transaction ID: b108092c3249ec08e36139e81dfc0605970421d6335f5202d7749c64c1e57ec3


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: btcash on June 18, 2013, 07:28:46 AM
I never thought that we could actually meet the challenge but 800 LTC in 4.5 hours seems possible.
Donated

Since ltc-explorer is indexing:
http://litecoinscout.com/address/LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: crazy_rabbit on June 18, 2013, 07:56:36 AM
Donated:
2b4a18e40b11783dfb004bc0df917fcdc82eed67295aea0fa2350957ad0425ce
and
528bd1fe76f487adfe7e415f4446591733b048be13489ad02c18f091646fa7d7


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: dragon2nd on June 18, 2013, 10:37:40 AM
Just 1.5hrs to go, and the challenge not yet matched :(


Title: We met the 5,000 LTC Challenge!
Post by: wtogami on June 18, 2013, 01:09:18 PM
Updated: June 18th, 2013

We met the 5,000 LTC Challenge!
We are very impressed by the community coming together in support of the future of Litecoin!  I would like to thank not only the development team, but our volunteers for their tireless efforts of educating others and testing.  The fundraiser is not over.  We continue to collect donations to accelerate the development of Litecoin and supporting vendor integration tools.  Businesses in particular may be interested in donating to get their name in the sponsor list as being on record as supporting their community.

I'd like to write more now, but busy preparing the 0.6.9 official release with reduced fees. =)

Original Text Below ...
Quote
Litecoin Dev Fundraiser: 5,000 LTC Matching Donation Challenge
A big sponsor who wishes to be anonymous is willing to support the Litecoin Development Team.  They are offering a challenge grant where if we receive an additional 5,000 LTC in community donations by June 18th noon GMT, the anonymous sponsor will match with an additional 5,000 LTC.  These combined funds will go a long way toward enabling long-term development of the Litecoin software and related vendor integration tools.

The dev team donations prior to the challenge amount to 3,059.8868 LTC at LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3 (http://explorer.litecoin.net/address/LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3).  The challenge will be complete when gross donations reach 8,059.8868 LTC as tracked on this spreadsheet (https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0).  Bitcoins donated to 1KD5tt1p3mdZH8DDXeEwdsJNpiwUZCfzkF (https://blockchain.info/address/1KD5tt1p3mdZH8DDXeEwdsJNpiwUZCfzkF) converted and deposited to the LTC address count toward the challenge.

https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0
A list of sponsors, donations, and expenses of the Litecoin development project are listed here.  If you contact Warren with your txid and cryptographic signature proving ownership of the sending address, we may add your name or business name to the sponsor list, at our discretion. 

“The 5,000 LTC matching challenge funds is currently sequestered at LXhTDTv1cwGUb67DX88xtkQriYWmTFAVyr (http://ltc.block-explorer.com/address/LXhTDTv1cwGUb67DX88xtkQriYWmTFAVyr).”
Cryptographic signature of the quoted string proving the matching challenge funds: G/JW/UyKeN/Uplj1EVa2gmOZBN9g4FXXvNRHCnHJAdv7rtVMDX1pmfrpyLW47LaVKj7uPAfT/hKQuoMVJwPn/b4=

The identity of the anonymous sponsor will be revealed later.

Sponsorship Credit
https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0
All donations and expenses are to be tracked here.  Please let me know if you want your name to be listed as a sponsor.  Alternatively business owners might want their business name to be listed as a sponsor as a form of advertisement.  Please reply identifying yourself in the thread, perhaps include a crypto signature of the sending address as proof.  If you wish to remain anonymous that is fine too.

Development Status
Please follow the Litecoin Dev Team on Google+ (https://plus.google.com/104307324656397909502/posts) for the latest news.  Will post stuff there first.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: Mahn on June 18, 2013, 02:43:56 PM
Congratulations to the team! Looking forward to the future. Who was the anonymous sponsor anyway? :)


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: m3kt3k on June 18, 2013, 03:03:49 PM
Awsomeness Abounds on this one. I would like to see any of the alts get 20000K usd (there abouts) in donations.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: bitcoiners on June 18, 2013, 06:10:59 PM
Quote
The identity of the anonymous sponsor will be revealed later.

So when do we get to know who it is now that it's over?


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: nightengale on June 18, 2013, 07:38:21 PM
Quote
The identity of the anonymous sponsor will be revealed later.

So when do we get to know who it is now that it's over?

That's what I was wondering...?   : )


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: jubalix on June 19, 2013, 12:41:54 AM
Quote
The identity of the anonymous sponsor will be revealed later.

So when do we get to know who it is now that it's over?

That's what I was wondering...?   : )

it will be BTC-E


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: crazy_rabbit on June 19, 2013, 06:51:42 AM
Congrats! LTC has really won my heart (mind and money) back!


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wizzardTim on June 19, 2013, 08:13:38 AM
Excellent news for LTC. Now its development through time is guaranteed.  8) 8)


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: adpinbr on June 19, 2013, 09:59:17 AM
Congrats! LTC has really won my heart (mind and money) back!

Crazy Rabbit you back on the LTC train:)? Im inspired


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: mb300sd on June 20, 2013, 06:40:00 AM
Is there a github for 0.8.2?


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: wtogami on June 24, 2013, 03:14:14 PM
Litecoin-0.6.9.1 now recommended
for expert users capable of following directions

Important bug fixes, August 15th hardfork deadline, plus reduced fee!

https://forum.litecoin.net/index.php/topic,4615.0.html

The release for the general public on Litecoin.org is coming real soon, but you can upgrade now to enjoy the lower fees if you edit your litecoin.conf to ensure your transactions reach the newfee miners.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: grottenolm on June 25, 2013, 09:30:07 AM
hardfork
Being a relatively newbie maybe I misinterpret the word "fork". Can you please elaborate a bit on the choice of wording? The topic on the new version (https://forum.litecoin.net/index.php/topic,4615.0.html) didn't sound too much like a "hard fork" (as in "nothing will work any more for users of old client, two different block chains, chaos and destruction ensue, etc.") to me...


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: kelsey on June 25, 2013, 11:23:20 AM
Litecoin-0.6.9.1 now recommended
for expert users capable of following directions

Important bug fixes, August 15th hardfork deadline, plus reduced fee!

https://forum.litecoin.net/index.php/topic,4615.0.html

The release for the general public on Litecoin.org is coming real soon, but you can upgrade now to enjoy the lower fees if you edit your litecoin.conf to ensure your transactions reach the newfee miners.

lol now recommended?....yet you spam every computer with a must update warning......so a forced update? hardly a decentralised currency now is it?



Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: mr_random on June 25, 2013, 11:39:40 AM
Litecoin-0.6.9.1 now recommended
for expert users capable of following directions

Important bug fixes, August 15th hardfork deadline, plus reduced fee!

https://forum.litecoin.net/index.php/topic,4615.0.html

The release for the general public on Litecoin.org is coming real soon, but you can upgrade now to enjoy the lower fees if you edit your litecoin.conf to ensure your transactions reach the newfee miners.

lol now recommended?....yet you spam every computer with a must update warning......so a forced update? hardly a decentralised currency now is it?


Wtogami thanks so much for your efforts. It's truly appreciated.

Kesley please go back to begging for 'sexcoins', idiot.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: kelsey on June 25, 2013, 11:53:08 AM
Litecoin-0.6.9.1 now recommended
for expert users capable of following directions

Important bug fixes, August 15th hardfork deadline, plus reduced fee!

https://forum.litecoin.net/index.php/topic,4615.0.html

The release for the general public on Litecoin.org is coming real soon, but you can upgrade now to enjoy the lower fees if you edit your litecoin.conf to ensure your transactions reach the newfee miners.

lol now recommended?....yet you spam every computer with a must update warning......so a forced update? hardly a decentralised currency now is it?


Wtogami thanks so much for your efforts. It's truly appreciated.

Kesley please go back to begging for 'sexcoins', idiot.

nice post mate.....asskiss oneside then namecall the other...hmmm such valuable input


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: kelsey on June 25, 2013, 12:00:31 PM
People who do not want to update will/might create a chain fork. They'll stay on their fork, no one forces them.
It's the same as Bitcoin.
And this hardfork already happened with Bitcoin. It was to fix a database bug.

warning must update is pretty much akin to a forced update.

and what does bitcoin have to do with the price of eggs in china?


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: Wolf0 on June 25, 2013, 12:04:14 PM
People who do not want to update will/might create a chain fork. They'll stay on their fork, no one forces them.
It's the same as Bitcoin.
And this hardfork already happened with Bitcoin. It was to fix a database bug.

warning must update is pretty much akin to a forced update.

and what does bitcoin have to do with the price of eggs in china?

Because Litecoin is based off of Bitcoin, it has the same database bug. If you like your Litecoin blockchain un-fucked, you'll update.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: kelsey on June 25, 2013, 12:51:11 PM
Litecoin-0.6.9.1 now recommended
for expert users capable of following directions

Important bug fixes, August 15th hardfork deadline, plus reduced fee!

https://forum.litecoin.net/index.php/topic,4615.0.html

The release for the general public on Litecoin.org is coming real soon, but you can upgrade now to enjoy the lower fees if you edit your litecoin.conf to ensure your transactions reach the newfee miners.

btw stop derailing the thread, this threads; Topic: [LTC] Litecoin Core Development Fundraising 


Title: Critical Litecoin Update 0.6.9.2 for Denial of Service Attack
Post by: wtogami on June 26, 2013, 09:47:45 PM
Litecoin-0.6.9.2 Critical Update
Critical Denial of Service bug fix, August 15th hardfork deadline,
plus reduced fee!

https://forum.litecoin.net/index.php/topic,4615.0.html

Please follow the Litecoin Project on Google+ (https://plus.google.com/104307324656397909502/posts) for the latest development news.  We post stuff very often!


Title: 1,000 LTC Community Challenge
Post by: wtogami on June 29, 2013, 11:09:49 AM
1,000 LTC Community Challenge
https://forum.litecoin.net/index.php/topic,4756.0.html

This matching challenge is different. The sponsor revealed himself, and his goal is to encourage many little donations to demonstrate the size of our community. You don't need to be rich to contribute to the future of Litecoin. If only a tiny fraction of our users gave 1 LTC each, that would send a powerful message to vendors about the seriousness of our community to protect the network in the long-term.


Title: Re: 1,000 LTC Community Challenge
Post by: jubalix on June 29, 2013, 11:29:08 AM


has mr.5000 been revealed yet?


Title: Re: 1,000 LTC Community Challenge
Post by: wtogami on June 29, 2013, 07:49:43 PM

No.  We have stated from the beginning that he will reveal himself when he's "ready".  You can guess whatever that means.


Title: Re: 1,000 LTC Community Challenge
Post by: jubalix on June 29, 2013, 09:10:43 PM

No.  We have stated from the beginning that he will reveal himself when he's "ready".  You can guess whatever that means.

ok i see so never


Title: RFC: Litecoin-0.9.x+ Plan to Eliminate Historic Spam UTXO
Post by: wtogami on July 01, 2013, 10:51:04 AM
https://forum.litecoin.net/index.php/topic,4804
Here is a preliminary plan for what the Litecoin Dev Team is thinking about for a late-2013 release, perhaps for Litecoin-0.9.x.  This change would make the Litecoin client faster, use less memory for everyone, and with absolutely zero drawbacks.  Public comment is requested.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: mmitech on July 01, 2013, 11:51:37 AM
I am really happy that you are doing such a work, I hope that your team get stronger and bigger, keep up the good work. I do not have a big LTC stake but I will constantly donate with what I can give. and I encourage people to do too.

 if there is any other way to help just let us know.

thank you.


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: LitecoinFoundation on July 07, 2013, 05:54:08 AM
2000 LTC have been donated to the Litecoin Project by the Litecoin Foundation


Date: 7/2/2013 16:47
To: LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3
Debit: -2000.00 LTC
Net amount: -2000.00 LTC
Transaction ID: 36ff9dc8ce1b61f6ad222e06595b5f2cc74550f4fa212fdef8815ace94572e5e


Title: Re: [LTC] Litecoin Core Development Fundraising
Post by: Wolf0 on July 07, 2013, 07:31:51 AM
2000 LTC have been donated to the Litecoin Project by the Litecoin Foundation


Date: 7/2/2013 16:47
To: LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3
Debit: -2000.00 LTC
Net amount: -2000.00 LTC
Transaction ID: 36ff9dc8ce1b61f6ad222e06595b5f2cc74550f4fa212fdef8815ace94572e5e

Someone's got deep pockets.


Title: Litecoin-0.8.3.4 Release Candidate - Code Review and Testing
Post by: wtogami on July 10, 2013, 06:32:50 PM
Litecoin-0.8.3.4 Release Candidate - Code Review and Testing
This might be the official release for Litecoin.org if our code auditor finds no flaws!
https://forum.litecoin.net/index.php/topic,4371.0.html


Title: Litecoin 0.8.3.7 Released. Upgrade now!
Post by: wtogami on August 01, 2013, 01:58:04 AM
Litecoin-0.8.3.7 Official Release
Passed code and security audit.  Please read the release notes.
http://blog.litecoin.org/2013/07/release-notes-of-litecoin-0837.html