I have done no estimation as to how long PoW will continue to generate new coins.  PoS has not yet been implemented into this blockchain, and as such, PoW will continue until the max 82,003,200 coins are mined.  Personally, I would like to see PoW remain an option even after said total is reached in order to help process transactions and alow miners to collect tx fees.

I am also in a unique position where I have considered adding a 0% stake option to allow blocks to be minted with PoS but only granting tx fees to stakeholders at least within the primary wallet.

As far as percentages generated by the unfinished, unrelease, specialized staking wallet (savings wallet)  No concrete figures have been decided upon.  It will take a lot more research into how it will affect the coin with inflation, total coin supply, and how well it encourages saving, but not hoarding.  We want the coins moving and circulating, but circulation of coins won't serve to increase their value unless someone out there has a desire to hold and invest.  There will need to be people out there willing to save coins, and we need to define parameters that will allow both for active circulation as well as stored wealth.

(Repetitive and redundant explanation, I know.  it's late, and I'm staring at code that hasn't been commented well enough to satisfy my OCD need to document every class, member, method, function, variable, and define/macro.)

Honestly?  I'm tired of knock-offs and clones flooding the scene and fragmenting the blockchain as a whole.  I'm also OCD and hate boost with a passion.  I spent 14 months building a 2nd gen that I had no desire to release only to see, for one, if I could build one, second, to see if I could improve upon the current design and architecture.

Finally, my 2nd gen was designed to eliminate the monolithic nature of the "altcoin clone wallet" and separate each of its primary functionalities into independent, modular services.

In sort, it's all about the tech.  It's a hobby, and I find it fun.

Apologies, I was still mid edit of my post when you replied, and while my post may seem a bit hotheaded, it was not intended as such.  Just a reminder to the community at large about what I am here for.

Thanks.

Also to elaborate further:  I have not received any type of bounty for my work.  I have received a total of ZERO in donations.  I have not asked for anything and only stated that if the original dev wanted to pay a bounty for the linux wallet (before I joined the team) I was willing to accept it.  Not that I was requesting it, and to date, my work for LTCD remains FREE of charge as it should imho.

All of this, and I am perfectly content to continue writing code for the project with or without monetary compensation.  I simply don't care about the money.

And if you'll note, that setting this one apart is exactly what I am trying to do.  When I got involved in this project it was as copy-paste as any other coin out there, and I was unhappy with it.  That's when I jumped onboard with my own unofficial fork of the sources and started working.

Since I've been working on the project itself, I have been meticulously ripping out and gutting the sources, even going as far as to completely scrap the version of the code that was released in the original version and re-fork litecoin.

Now I'm in the process of implementing a new base architecture to place atop the already existing blockchain to eliminate a direct lineage in the code from bitcoin at all.  As I stated, my unreleased 2nd gen crypto is getting a rewrite as LTCD 2.0.  Expect plenty of updates to our existing 1.1 version that everyone is using, but 2.0 is my end goal, and will be nothing short of a complete rewrite.


I keep saying this, but apparently no-one is listening.  I'm not doing this for the money.  I don't care about the markets.  I don't care about its valuation.  I'm not getting paid for this, and none of that means anything at all to me. I'm not holding enough LTCD to matter what happens to the price in the end.  And I see this as the best possible case.  If I'm not holding more than a few thousand LTCD I have no reason to deliver false promises and/or hype the coin, promote it and disappear.  Money is not my motivator.

With that said, you can see why I no longer care what happens to the market.  Demand will increase when there is something that can be done with the coin, not when something is simply promised.  The market will sort itself out or it won't. Those are the only two options, and my role in this project doesn't depend on the price moving in one direction or the other.

I am simply here to write code.

Thank you for your opinion.

I understand what you're trying to do, and thank you for it, but this isn't helping.  Just let it go, it isn't worth it and adds nothing constructive to the conversation.

I have my mac set up and ready to compile the osx client.  I want a more general purpose linux binary as the ones I've compiled have been coming from a 64 bit arch system, and it seems like the majority of users are running on debian wheezy (on which it is already difficult for the average user to get a compile going) and I'm thinking of releasing debs along with the flat binaries.

The first priority is fixing this overly complex build system to simplify the release cycle.

warning: opinion following
I really don't understand how the crypto community (majority) can just keep cloning bitcoin/litecoin sources and patching "features" into it.  The current build system works great for one or two projects, but when you've got hundreds of altcoins out there all with different library dependencies (all based on when they were forked from whatevercoin) it becomes a mess keeping up with all of it.  We have to fix this as in my opinion, it only serves to help keep this codebase an unmaintainable mess of largely undocumented disorganized code.



And you've also surely read my statement on the matter.  TL;DR - People in this thread need to chill out, on both sides of the issue.  I never insulted anyone, nor did anyone on the team.  Some of our supporters surely did, but it isn't my place to apologize for them, and I will not.  They are as entitled to their opinions as you are, regardless of how furious it makes anyone else, but that does not excuse personal attacks from anyone.

That said, I stand by my statement that the price is irrelevant.  I'm not trying to make money here, so I couldn't care less if the price dropped to 1 satoshi.  I'm trying to write code that could potentially strengthen crypto as a whole.  While I don't agree with the majority of what you say, and have seen quite a bit of FUD from you in the past, I am seriously angry with the personal attacks that you have received and stand firm with you on that matter.

Basically this: I don't have to like you or what you say to respect you.  I just wish the entire community, on both sides, would drop the childishness and focus on what we're trying to accomplish here.

I'm getting ready to publish a few minor changes to the way the code is run and executed.  Nothing major and will not be a mandatory update.  Following that will be a redesign of the build system.

I would eventually like to get the software running and compiling directly from Eclipse-CDT with LLVM/CLANG and in Microsoft Visual Studio.  I'm going to be stripping out dependency on boost for one, and in the end hopefully building the wallet should not require reading through page after page of documentation nor chasing proper dependency revisions for each and every external library.

As much as mingw offers for cross compiling the software, and while I believe it should /always/ be an option, I hate being forced to use it to compile working binaries cross platform.

Once the build system is set up, I plan to implement the staking wallet's capabilities into block generation and can begin working on it.  The idea is that staked coins should not drop in and out of circulation from directly within the LTCD wallet, but if you wish to stake instead of mining (or in addition to mining) you will send the coins from your main wallet into a separate savings wallet (working as a daemon or service running locally) which communicates via RPC to a GUI client (likely not written in QT).

Following one of many unix philosophies, a program or application should strive to do one thing, and do it well, as opposed to bloating with features that many will never use.  Keeping things modular is one step closer to the 2nd gen design which I am striving to implement atop the LTCD blockchain.

With that said, the price is irrelevant for now.  The market is fickle, and you'll see ups as well as down, and this is not and should not be a strictly short term investment.  As long as the coin is down, see it as a time to increase your holdings, or see it as a warning sign to drop what you're holding.  -- In the end, it won't matter, as we're not building yet another clone, even though in its current state, this is exactly what we have.  Instead see our original launch as a means of distributing the coin amongst early investors.

I have a slightly new and different design for the PoS component in which the primary litecoin wallet will not stake coins automatically.  There is a separate application designed as a type of savings account which will stake coins in a slightly different fashion.  This is all a part of the whitepaper which I will be releasing when it's done. 

I disagree: While the original (and then subsequently rewritten) sources were born from litecoin, and LTCD's namesake pays homage to litecoin as well, I don't want to pull attention away from the litecoin project in the slightest.  We don't need to compete with other cryptos at all.  We need to improve and solidify the framework upon which altcoins can be built to give way to more and better innovation in order to make something that strengthens all cryptocurrency.  

One cannot succeed without the others, excepting of course, Bitcoin proper.  These alternate blockchains exist to give way to new experimental developments to help strengthen the crypto economy, not compete with it, fragment it, and lend to trends that could threaten it.

We should be helping each other out, and not trying to steal their thunder.

While someone in the forums may have made these comments, I'm 100% positive that it did not come from myself nor anyone on the LTCD team. I think this may have to do with some of the negativity we keep seeing.

I officially do not and will never condone personal attacks on anyone regardless of how bad they're trolling, FUDding or anything else based on the nationality, heritage, sexual or lifestyle preference or any other reason whatsoever.

Sometimes even our supporters get overzealous, and it needs to stop before it turns to hate.  From anyone.  That's just not cool, and I don't like it.

No, to the best of my recollection, I've said nothing of gambling sites.  In fact, I don't believe I have said anything regarding promotion to any specific site or niche.  This isn't my area of expertise, and I'm not interested in pursuing it.  While I'm not opposed to gambling or gambling sites, I'm also not an advocate and would still like to stick solely to the code.

Anyone else, on or off the team, is welcome to promote wherever they see fit, I'm sure. 

No, not FUD.  In this we're in agreement.  The operator of the explorer has asked me to help in setting it up as there is some issue that I am about to investigate.  Now that the phone calls have stopped, I actually have a few minutes to dedicate to it.

I choose not to speculate on the future market value or even spend too much time analyzing its current state.  While everyone talks about how far it has "crashed" they fail to remember that at this coin's launch (and it is still in its infancy) it was being bought and sold (in large amounts) between 50 and 70 satoshis.

It's not down.  It's early.  I've said before and will continue to stand firm on this point:

If you want to buy, to invest -- go ahead.  There risks associated with any investment, not just in LTCD, but in absolutely anything.
If you have doubts -- don't.  Again, there are risks involved and no-one will fault you for being cautious.

I think that everyone is getting far ahead of themselves.  As long as there are two nodes on the planet and two people give any value to LTCD, it isn't dead.  It doesn't matter how much of it gets "dumped" or how much of it any one person controls.  Let the big holders sell if they want to make good on their threats.  It gives LTCD the opportunity to be distributed more evenly across the community at large.

I'm essentially done with PR.  We'll be looking to hire someone to answer these questions when and if we can find someone who is able to understand not only the complexities of the market and the merits of the tech (both presently existing and planned) but is also able to cope well and understand that so much or the FUD that has been spread about this project is not only unfounded but entirely infantile and laughable.

How many times must I say that I'm not in this for the market?  How much of the coin anyone is holding is none of my concern.  I'm interested in the tech.  I leave the market to the "experts".

http://tmsearch.uspto.gov/bin/showfield?f=doc&state=4803:nl0vhh.2.2 -- The name could also be changed if this became an issue.  Not something I care about in the slightest.


Really?  So in order to maintain "reputable standing" we should give in to extortion or apologize to the ones responsible?  No.


Give one instance where I or any other dev has threatened to ban anyone.  I'm not even certain that we could if we wanted to.


I crypto as a hobby.  I don't follow BS.  I don't even know who this is, nor do I care.


Not coming after you.  You're not even a blip on my radar.  The only reason you're getting a response is because you asked a list of questions, and I do my best to answer what's asked of me as you can clearly see throughout this entire thread.

I don't worry about other cryptocurrencies "stealing" or "exploiting" these ideas.  When my changes are published, they will be open source.  I'm not interested in "hoarding" advances in crypto for ourselves; the whole point of what we're doing is to decentralize -- spread control of the currency to the masses and not to one central agency or authority.

Debug console. getblockhash 17390. If it doesn't report 0b185ae5faf08ae6f981619c12b3ea4c8484eb887bf6c53a2237bb918af984d7 then you're on an invalid chain.  Delete your blocks and chainstate and resync.

Every time I see the word scam in this thread, this is all I can think of:


That said, he said it is being done by hand and will take some time.  A lot of people were on that chain.  Please be patient with him.

What I've spent 14 months working on is a proof of concept 2nd gen.  I had no intentions of ever releasing it.  Like I said, crypto is my hobby.  Basically I'm just designing a method of splitting all of the core functionality out into libraries / modules so that they can be replaced even during runtime, splitting blockchain from wallet, splitting hashing algorithms from the core.  Allowing generic "plug-in" type features via the use of DLL/so modules coded to a specific module standard.  This on its own is nothing special, almost every binary on your system (unless it's statically linked, and even then to some degree unless it's a part of the running kernel or a part of some OS I've never studied in depth) does something similar using shared libraries.  I'm just taking a game development "trick" (plugins and mods) and applying it to a cryptocurrency.

No worries.  Just keep an eye on the code, and good luck.


Who knows? I'm not going to continue wasting time sitting here defending against FUD or basic negative opinions in any case.  That's why we're looking for a PR team.  My job is to code.  If someone doubts my credentials, let them wait to invest.  Follow the code. Go through each commit.  If you still doubt in 6 months, at least you didn't risk anything, good on you.  For everyone else, it's open to public review.  Keep watching the commits as they roll in.  One person's (or a hundred people's) opinions don't bother me in the slightest.  

Talk is cheap, and  everyone is entitled to their own opinion.  Thank you for it.