You put a good case for Disney, but, to my mind, the most likely 'iconic global company' WAX is partnering with is Topps who have intellectual property rights on Disney, Marvel, Star Wars, Sports and a bunch of other major concerns. Topps would be a better partner than Disney alone. Topps has an avid following of millions who regard Topps collectibles as gold. If so, this would be massive and would fit in nicely with the e-commerce dApps that WAX has been developing along with others.
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Anyone has any idea what triggered the sudden price spike?
Good fundamentals: - anonymous application - unique wallets running on Tor;
- potential to challenge other anonymous coins;
- a strong drive towards merchant retail adoption;
- the potential for vast returns - the price is currently low at 324 satoshis although Verge is a top 30 Market Cap coin! If Verge became 10% of the current value of Dash, $100 invested now would give an investor a return of well over $1,000,000;
- and a massive boost from John McAfee who has singled out Verge (XVG) along with Monero and Zcash as coins he would recommend:
https://cryptovest.com/news/john-mcafee-verge-xvg-is-the-best-buy-xvg-price-doubles-overnight/
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After all this effort in trying to be ultra-precautious, now this: https://www.reddit.com/r/Bitcoin/comments/6qk64y/fired_up_electrum_idly_clicked_on_console_got_this/ and this: https://cointelegraph.com/news/bitcoin-wallets-trezor-electrum-issue-contradictory-statements-regarding-bitcoin-cashBitcoin Cash servers in Electrum! "From the official team who are managing Electrum, someone has taken the source code on GitHub and altered it to support Bitcoin Cash." Apparently, as reassurance, Electrum won't recognise Bitcoin Cash headers after the fork. On Reddit Etmetm posted this advice: "This is not a problem. Electrum 2.9 has fork detection and this cash node will not work after the fork as the headers will be refused ... Even pre-2.9 will refuse the headers of Bitcoin Cash (once difficulty is adjusted prematurely), so nothing to worry about ... In fact the author of electrumx (the most widely used server backend) has also implemented quick splitting, so the cash nodes should not appear in the server list of electrum much longer after the fork ... If you've manually connected to a node running bitcoin-abc (Bitcoin Cash) it should not accept your transaction and show an error. You'd then need to connect to a different server. Auto-connect will not keep you connected to a bitcoin-abc node post fork as the headers don't match up."To be on the safe side, if that's possible, I'm going to manually connect to a non-Bitcoin Cash server from now on with my pre-2.9 wallet. Maybe this should be the focus of a new thread. And here's a warning to avoid installing the Electron Cash wallet on the same computer as your Electrum wallet: https://twitter.com/electrumwallet/status/891935330235973633 ... and the latest Electrum instructions on how to redeem Bitcoin Cash - July 31st: https://electrum.org/bcc2.txt ... it seems that you can safely use your seed in Electron Cash if you follow these instructions.
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True, but in case of a fork electrum might only work for one of the possible bitcoin forks.
that's not true. The Electrum client will not be affected by the max block size change. Maybe I was not clear. I was referring to the scenario where Bitcoin XT emerges as an alt different from Bitcoin, with an identical historical blockchain. In this case I would assume you (and others running Electrum servers) would have to decide which coin to follow. Is this a wrong assumption? It doesn't matter. All you need is your seed; your coins are on both forks. If a server is following the wrong chain, switch to a different server. In the impossible situation everyone is following the wrong chain, export your private keys to another client. However that scenario makes no sense, since your coins, from before the fork, are valid on both forks, so it really doesn't matter which fork your server is following, unless you're receiving coins more than 100 blocks after a fork. People need to chill out, a fork isn't the end of the world some people want to make it seem. ALERT - Claiming BCC using an Electrum wallet - only private keys might work
There has been a suggestion from a r/btc source ( https://www.reddit.com/r/btc/comments/6qiak7/bcc_clients_are_listed_here/) that Bitcoin Cash (BCC/BCH) wallets might not recognise Electrum seeds i.e. private keys need to be imported into Bitcoin Cash wallets. Here's the latest advice from Electrum, which acknowledges that either seeds, or private keys will have to be used: "BCC wallets will require you to import your seed or your private keys, which can be exported from Electrum. Doing so will expose all your Bitcoin funds associated with that seed to the BCC wallet you decide to use.
Therefore, *after* the BCC fork, but *before* you enter a seed or private key in a BCC wallet, you should move all your funds to a new Electrum wallet, with a new seed. You will still be able to use the old seed or private key with BCC, because BCC has replay protection. Wait until your funds are confirmed in your new Bitcoin wallet, before you enter the old private key in a BCC wallet. This will protect your BTC funds from rogue/untrusted software."
In the event that private keys have to be used to claim BCC/BCH in a Bitcoin Cash wallet, how exactly should one proceed? I know how to use the export private keys function in Electrum to generate unencrypted .csv, or .json files showing addresses and their associated private keys. Does simply copying and pasting those addresses and private keys into the import function of a Bitcoin Cash wallet do the trick? Do you import your private keys with their corresponding addresses individually, or all together? Step-by-step, how should this be done? Expert opinion please!
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I was under the impression that LN was close. So far I have been one of Litecoin's most consistent supporters, here, on Twitter and on Poloniex. Reddit r/bitcoin too. I would like to hear of an estimate of when we could expect to see a full implementation of Lightning Networks on Litecoin. Again, is the answer to that weeks? ... months? ... a year? ... longer? ... or, indefinitely?
Most likely months. But LN has to be refined more and more to make it simpler for the average person to use, so it might take a while. An early implementation of LN on Litecoin main net will likely be available for alpha testing though (use at your own risk)! Thank you for your prompt response. I hope all who read this thread will find it useful.
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For me, Charlie's Tweets can sometimes be confusing, and possibly even counter-productive. Take for instance the recent "Spread the hug and share the love ... " Tweets which created distance after the previous RSK Drivechain Tweet. Drivechain might seem to have been an important development and something for Litecoin in the future. Looking into Drivechain a little further, if Bitcoin implemented it, would there be a real need for Bitcoin to pair up with Litecoin - on Lightning Networks for instance? This was one of Charlie's main visions for Litecoin.
If full Lightning Networks implementation on Litecoin is far away i.e. 2018 and beyond, then I would have to reconsider my position. Bitcoin is looking healthy and currently flying high at $2,710.22 ... $3,000 looks like it's on the cards, ... imminently.
I was under the impression that LN was close. So far I have been one of Litecoin's most consistent supporters, here, on Twitter and on Poloniex. Reddit r/bitcoin too. I would like to hear of an estimate of when we could expect to see a full implementation of Lightning Networks on Litecoin. Again, is the answer to that weeks? ... months? ... a year? ... longer? ... or, indefinitely?
Charlie, over to you.
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... That was then and this is now. Segwit's been activated since April. What's happened since? One hell of a spring break in Florida?
Resting on your laurels will get you killed in this business.
You can bet that someone, somewhere, is busting their butt to take your market away, and we all know just how nasty folks are in this space - the more it hurts you, the more they'll laugh.
I would agree with you here. Time is of the essence. Investors like to know that their investment continues to be safe. A time line and regular updates on progress helps. For instance, how far away is Lightning Networks and the other things it facilitates? Weeks? Months? A year? The answer is crucial from an investment perspective. Charlie, as you have pointed out, seems to have other distractions. Decred is one. I do understand that the Litecoin team is essentially a handful of volunteers, plus one recent full-timer. Perhaps we shouldn't expect too much. My personal opinion is that marketing is not where it should be. This combined with some confusing Tweets isn't very reassuring e.g: Xinxi Wang who seems to be the main part-time developer: https://twitter.com/TheRealXinxi/status/862926287958032384When I sent a private message to Xinxi for an explanation, I didn't get much of a response. Full implementation of Lightning Networks looks like it is a long way away and other things are appearing on the horizon like Drivechain. Something needs to be done, or the momentum already achieved will be lost.
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If you haven't read it already, here's yesterday's Coindesk article on Litecoin and Lightning Networks: http://www.coindesk.com/cross-blockchain-trades-lightning-gives-new-life-atomic-swaps/Litecoin is now, potentially, the most technologically advanced coin in the crypto-universe with Core developers working on it to deliver full implementations of Lightning, the game-changing 'atomic cross-chain transactions' and other goodies. "Another point to note: now that SegWit has activated on litecoin, users can begin sending test cross-chain transactions from litecoin to the bitcoin testnet."When news of full Lightning implementation breaks it will be too late - the train will have left the station.
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Thanks John0811 ... more good news! The trading pairs on BitStamp will be:LTC/BTC, LTC/EUR and LTC/USD Litecoin trading in and out of not only Bitcoin, but also fiat Euros and US$ dollars. Launching in early June 2017 - that's only a few weeks away. It's getting better all the time!
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Some recent highlights Charlie Lee's Litecoin Vision document: Solving Bitcoin's scalability problem, Lightning Networks (instantaneous transactions), Atomic Cross-chain Transactions (a decentralised ShapeShift), and Confidential Transactions: https://segwit.org/my-vision-for-segwit-and-lightning-networks-on-litecoin-and-bitcoin-cf95a7ab656bLitecoin Roadmap 2017 – Lightning Networks, Atomic Cross Chain Transactions. Working with Lightning developers on building out the infrastructure for Lightning Networks on Litecoin. Working on Cross-chain Atomic Swaps between Litecoin and Vertcoin, Smart Crypto-Vault - enabling Smart Contracts on Litecoin etc: https://litecoincore.org/Running a Litecoin Full Node on Raspberry Pi 3https://medium.com/@meeDamian/litecoin-full-node-on-rbp3-69f851f74f1bBuy a Litecoin Ledger hardware wallet for 3 LTChttps://litecoin-foundation.org/product/ledger-wallet/Litecoin Releases Ambitious Roadmap For 2017 As SegWit Steals Bitcoin Businesshttps://cointelegraph.com/news/litecoin-releases-ambitious-roadmap-for-2017-as-segwit-steals-bitcoin-businessSegWit Activation Complete, Litecoin Charts a Course for the Futurehttp://www.coindesk.com/segwit-activation-complete-litecoin-charts-a-course-for-the-future/European Retail Giant Alza Accepts Bitcoin For Payments, Could Add Altcoins "Sadílek, meanwhile, added that Bitcoin was only the first step in Alza’s relationship with cryptocurrency, with altcoins such as Ethereum or Litecoin potentially coming next."https://cointelegraph.com/news/european-retail-giant-alza-accepts-bitcoin-for-payments-could-add-altcoinsContent provider prefers Litecoin payment option"Why We’re Switching to Litecoin" https://stories.yours.org/why-were-switching-to-litecoin-d5157e445254Lightning Network adoption ushers in a new era of cryptocurrency functionalityhttps://bravenewcoin.com/news/lightning-network-adoption-ushers-in-a-new-era-of-cryptocurrency-functionality/Bitfury Tests Litecoin Multihop Lightning Transactionhttps://www.youtube.com/watch?v=KZCAdUe1uNk&feature=youtu.beEric Lombrozo: "... we can build next generation tech on Litecoin right now!"https://twitter.com/eric_lombrozo/status/864924233742270464Alex Bosworth (Developer) "Continuing dev on my @lightning project, focusing on how old and new work together. Still on BTC testnet, working up courage for LTC mainnet"https://twitter.com/alexbosworth/status/864127489236271104World First LTC ATMhttps://www.youtube.com/watch?v=M9LII1j4wUI&feature=youtu.beRootStock – smart contracts on Litecoin:https://twitter.com/dieguito/status/856164928792735744and Litecoin joins Bitcoin and Ethereum to become one of the three crypto-currencies on Coinbase
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Good to hear that there are plans by Jackson Palmer, the original creator of Dogecoin, to push for SegWit and Lightning Networks on Doge: "Have to say, good work @SatoshiLite on recent #litecoin dev. Inspiring me to help push the same with #dogecoin" https://twitter.com/ummjackson/status/865699184036388864That should push the price up even further!
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Good news indeed. Litecoin with SegWit and Lightning Networks etc. is about to become the most technologically advanced crypto-coin. It would be a far better option than Bitcoin to be used in merchant retail payments. Massive opportunities are appearing on the horizon. Litecoin is getting noticed! Here's a Max Keiser Litecoin retweet made a few hours ago: https://twitter.com/finitemaz/status/865233637511487488
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We'll keep this close at hand for reposting when people are asking why LTC is trading at $400 USD. Essential reading: Litecoin Road Map 2017 ... Just in case you missed the link:
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I think we should be aware that this thread is going to be visited by speculators and sock puppets from other coins threatened by the the advances Litecoin is about to make.
When I read posts like those 'newbie' BDO_44 has made, I question what the purpose really is. It seems to be to spread FUD to push the LTC price down. Why would he want to do that? He seems to know about whale strategy. Buy big when you've got a good idea something is going to rise - the minnows follow on a rising price; at the apex sell big (realising profit), followed by FUD spreading - the minnows sell on a falling price; the whales buy back big at a cheaper price ... and the cycle repeats itself.
For the next two weeks there will be a lull while Litecoin fully implements SegWit. BDO_44 knows this. The price rose on SegWit speculation. The next spikes will probably happen when SegWit is finally implemented and also when Litecoin joins Bitcoin and Ethereum on Coinbase ... with Lightning Networks, Confidential Transactions, Blockchain merging with Bitcoin as a solution to Bitcoin's scalability issue etc. etc. - all to follow.
Andreas Antonopoulus recently pulled a Chinese proverb out of the bag to illustrate a point. I think it is particularly appropriate here:
"When the sage points at the moon, the fool looks at the finger"
The finger is the price; the moon is Litecoin's advancing potential.
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SegWit confirmed on Litecoin! Block 6048 of the blocks signalling for SegWit has just been confirmed. Litecoin is now about to enter the "Locked In" phase leading to full SegWit implementation. This will happen when the full 8064 blocks of the signalling period are processed.
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aaand price is tanking too bad if you didn't sell at the top Missed it! It's gone back up again. Never mind, I'll try to catch it the next time there's a dip.
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A few moments ago, ViaLTC started to signal for SegWit! That means all the main Litecoin mining pools are now signalling SegWit.
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