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201  Alternate cryptocurrencies / Altcoin Discussion / Re: New SCRYPT! Stratum Flaw found on: June 03, 2013, 09:07:00 PM
only LTC stratum servers have this vulnerability or any BTC pool also struggles from this?


Any stratum scrypt pool based on this code could be vulnerable.  So that could be LTC or any of those scrypt-based scam coins.
202  Alternate cryptocurrencies / Altcoin Discussion / Re: New SCRYPT! Stratum Flaw found on: June 03, 2013, 08:53:33 PM
https://github.com/viperaus/stratum-mining/pull/4
Yet again, pooler saves the day for dozens of other scrypt pools.

I hope you other pools appreciate his work.  Please consider donating to him.  LTCPooLqTK1SANSNeTR63GbGwabTKEkuS7

Update: It turns out that bhunt discovered the fix at roughly the same time as pooler.  Donations to pooler's address will be split with bhunt.
203  Alternate cryptocurrencies / Altcoin Discussion / Re: New SCRYPT! Stratum Flaw found on: June 03, 2013, 07:10:42 PM
One of the developers might have found the new vulnerability.  They are testing a fix now. Not identifying them so people won't bother them.  They need to get this right.
204  Alternate cryptocurrencies / Altcoin Discussion / Re: New SCRYPT! Stratum Flaw found on: June 03, 2013, 02:45:37 AM
This sounds like the same vulnerability that WeMineLTC released info on a few days ago.

Litecoinforums are down, but here's a bitcointalk link about it:

https://bitcointalk.org/index.php?topic=220641.0

Not the same exploit.  Related.  It's possible the wemineltc fix only made it better, but wasn't precise enough.  There are other theories.

Note: Litecoin Dev Team lended some help on issue, but pool software is solely the responsibility of pool owners.  It seems that serraz has given time to help analyze this issue even though he doesn't use this pool software.

I suggest that some of the affected pool operators post in this thread to identify cheating IP addresses and payout addresses.
205  Alternate cryptocurrencies / Altcoin Discussion / Re: [LTC] Litecoin Core Development Fundraising 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 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.

206  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethicoin is coming: Ethicoin's purpose is to improve the condition of humanity on: June 01, 2013, 10:36:10 PM
Very interested, merge mine with LTC will be revolutionary

Thank you - this is the technical hurdle we are still overcoming and we are looking for an LTC mining pool where we can test our LTC merge mining. I'll be honest - we really need to test this LTC merge mining in the wild before launching ETC. So if you know a large LTC mining pool willing to support our tests please let me know Smiley

In general, the launch of any new coin needs to be fair and widely distributed in to prevent monopolies and 51% attacks.  Thus prior to launch of a real coin, you seriously need to test a fakecoin with *multiple* mining pools.  LTC mining pools currently have no experience with merged mining, thus a fakecoin with a built-in death date would give them practice in preparing to handle a real merged mine coin later.

Litecoin Dev Team feels most new coins are harmful, but merged mining coins are less bad as they do not compete for hash power that secures the main network.  While the team should not give preferential treatment to any particular coin, we do give a little more attention to answering questions to the bigger donors to the fundraiser as they have demonstrated commitment to the long-term safety and stability of the LTC network.

Warren
207  Alternate cryptocurrencies / Altcoin Discussion / Re: [LTC] Litecoin Core Development Fundraising 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?
208  Alternate cryptocurrencies / Altcoin Discussion / Re: [LTC] Litecoin Core Development Fundraising 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.
209  Alternate cryptocurrencies / Altcoin Discussion / Re: [LTC] Litecoin Core Development Fundraising 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.
210  Alternate cryptocurrencies / Altcoin Discussion / Re: [LTC] Litecoin Core Development Fundraising 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.  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.)
211  Alternate cryptocurrencies / Altcoin Discussion / Re: [LTC] Litecoin Core Development Fundraising 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".
212  Alternate cryptocurrencies / Altcoin Discussion / Re: [LTC] Litecoin Core Development Fundraising on: May 30, 2013, 07:15:23 PM
eh whatever, sticky or no sticky, we can still bump it.

BUMP.

Another bump Smiley

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.
213  Alternate cryptocurrencies / Altcoin Discussion / Re: [LTC] Litecoin Core Development Fundraising 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.
214  Alternate cryptocurrencies / Altcoin Discussion / Re: [LTC] Litecoin Core Development Fundraising 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.
215  Alternate cryptocurrencies / Altcoin Discussion / Re: What is the point of Litecoin if Bitcoin is THE cryptocurrency? on: May 27, 2013, 10:02:16 AM
The "silver" thing is just marketing fluff.  The reality is Litecoin is #2.  I don't exactly know how it became #2, but I have one theory.  The one thing Litecoin does better than Bitcoin is keep storage and memory overhead low due to its strong anti-spam protections.  We are now working on modernizing the Litecoin client to match bitcoin-0.8.2, with lower fees and exciting changes coming in subsequent releases.


https://bitcointalk.org/index.php?topic=215773.0
Please see the Litecoin Core Development Fundraiser Thread.
216  Alternate cryptocurrencies / Altcoin Discussion / Status Update 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 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
217  Alternate cryptocurrencies / Altcoin Discussion / Re: [LTC] Litecoin Core Development Fundraising 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.
218  Alternate cryptocurrencies / Altcoin Discussion / Re: [LTC] Litecoin Core Development Fundraising 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.
219  Alternate cryptocurrencies / Altcoin Discussion / Re: [LTC] Litecoin Core Development Fundraising 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.
220  Alternate cryptocurrencies / Altcoin Discussion / Re: [LTC] Litecoin Core Development Fundraising on: May 26, 2013, 10:48:06 PM
Can we see the development changes on a branch in github?

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.
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