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1  Alternate cryptocurrencies / Altcoin Discussion / LTC Rebranding and Major Protocol Changes on: April 01, 2015, 07:52:12 AM
Just wanted to update the alt-coin community:
2  Alternate cryptocurrencies / Altcoin Discussion / WARNING: LitecoinFoundation 'donation' fraud/scam on: June 17, 2013, 02:20:12 PM

This seems to be some sort of a fraud designed to sabotage Litecoin fundraising, please be careful. 

My response/post into their thread have been deleted by the original poster.  Their intent seems to be to sabotage the fundraiser by declaring that they have donated funds to bring the fundraiser to the needed target.

Original thread:

My response:

3  Economy / Scam Accusations / User: LitecoinFoundation is a fraud on: June 17, 2013, 02:06:48 PM
The following is some type of a fraud/scam designed to sabotage fundraising being done by the Litecoin development team:

I have replied to the thread and my response has been immediately deleted by the original poster.

My original response follows:



Few issues here:

1 - The donations that are made are not made to specific individuals but to the development team.  The development team is managed by coblee and it's use of funds is decided by discussion with all team members on IRC and via the development mailing list.

2 - I have refused any personal donations and have contributed significant amounts of time and money toward the project over the last year. I am not new to LTC and if you ask around you will find that a lot of seasoned LTC supporters know me for a very long time.  I have been one of the strongest supporters of the project since mid-2012 BCX 'attack'.

3 - There will be no external conditions imposed by anyone on what should be or should not be done with the funds received by the development team.  These funds are used to cover project related expenses and to compensate external developers and consultants for their work at the discretion of the team.

If you are interested in donating, please donate as requested on the official fundraiser at:,3874.msg27094.html#msg27094

If you would like to receive credit for the donation, please contact Warren and he will add your name to the official list of donors.


Now, to my knowledge, there is no such thing as Litecoin Foundation.  Such organization has been discussed in depth on our internal channels and as far as I remember further discussion on this topic has been planned to take place after 0.6.x and 0.8.x releases.

Can you please contact coblee here or in private and describe what exactly you are doing and what your intentions are?  Do you have a corporate structure and who is involved in this?  Until there is further real-life information from your direction in regards to your organization, I am unable to establish your level of credibility. Thus I will ignore any interaction with you until that is addressed.  Anyone can create new registration on the forums and register a domain, but not many people can handle unbiased support and development of a decentralized crypto-currency.

Personal note:

So far, your post looks no different then Litecoin-NG thread on reddit. You do realize that people who post threads with titles "XYZ donates to ABC" actually donate first and speak later (or contact us in private before donating).  The fact that a plethora of people working with us never heard of you and that this is your first post on bitcointalk...

4  Alternate cryptocurrencies / Altcoin Discussion / Litecoin reaches 10 Gigahashes (10 Terahashes in Bitcoin terms) ? on: April 15, 2013, 06:09:34 AM
Hello Everyone,

Can someone please validate my observations:

Litecoin hash rate passed ~10 Gigahashes (was at 11 earlier today), it floats around 9.5-10.5 now.

In Bitcoin terms one could say that this is ~10 Terahashes (since Scrypt is about 1000 times slower then SHA for hash generation). 

Current Bitcoin network speed is 61 Terahashes.

This means that Litecoin network hash rate is ~1/6th of the Bitcoin network hash rate?

How much would that be in PetaFLOPs given that Litecoin is Scrypt based?

Are my numbers correct or am I lacking sleep? Smiley
5  Other / Beginners & Help / Long term LTC trade charts & block chain statistics available! on: April 01, 2013, 12:15:08 PM
If moderators can move this message to Alternate Cryptocurrencies, I would appreciate.  Thank you.

Hello Everyone,

I would like to make an early announcement for which is a new Block Explorer that is currently being developed for Litecoin.

The site is not finished yet, however, we are making an early announcement because of the much needed chart section (which is ready).  You can find the charts here:

These charts have a mix of things, ranging from block chain statistics to long term BTC-E charts (since the beginning of LTC trading).

Once again, the site is currently under active development, so it may experience slow-downs or downtime in the next few days. It is also currently rebuilding the database, which means that address information (per-address transactions and balances) is NOT CURRENTLY VALID. 

Please let me know if anyone has any questions or suggestions.
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