Flawless for me so far. When I did have a problem logging in I contacted them and they replied within an hour.
They replied within an hour: "Thank you for contacting us! We apologize for the inconvenience. I have reported this issue to our technical team. I will update you soon as your withdrawal transaction has gone thru. Thank you for your patience. Sincerely, Gretchen" Then I have not heard from them since. It was almost 42 hours ago. They obviously do it deliberately. They must use our coins to trade.
That seems unlikely. As far as I know they don't prove that they physically control all the coins in their orderbooks, so they don't *need* your coins to trade. They can just make up coins, fractional reserve style. I'm not saying that nothing shady is going on, just that it's unlikely to be that they're trading with your coins. They can't just make up coins out of thin air like Fed, because it isn't possible due to how the cryptocurrencies are designed. They may, although false bot sells/buys in their trade. |
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I believe that everyone that voted on the coins Friday night on were the community, and last night were family and friends of someone that like the blue plain logo. I have made a coin, something that looks like it could be minted if needed. If you look at all the high priced coins they look like coins with a few exceptions. It is a mindset, people feel that they are getting coins. And Tony where were you when the re-voting started.
The design isn't bad, I just don't like these ragged edges. |
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They obviously do it deliberately. They must use our coins to trade.
That seems unlikely. As far as I know they don't prove that they physically control all the coins in their orderbooks, so they don't *need* your coins to trade. They can just make up coins, fractional reserve style. I'm not saying that nothing shady is going on, just that it's unlikely to be that they're trading with your coins. Regardless, they are obvious manipulators. Haven't received neither my coins nor reply to my ticket. |
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Hi guys!  Did not attend the vote, so remind. If not it is difficult to vote for my version of the blue logo redesign again. We need this flat minimalism, if we want to be at the level above. http://litecoindark.com/logo-votingThanks!  I agree. That's why I voted for this original version. I like things simple and clear, without some pointless, bullshit ornaments :-) |
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It's not FUD.
I have been waiting for my withdrawal of BTCD for over 24 hours already. I submitted a ticket and got a reply that they contacted technical team.
They obviously do it deliberately. They must use our coins to trade.
I started using Cryptsy few days ago and I will never use it again and warn everyone.
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I did two withdrawls of ltcd on bittrex and have not received them in my wallet yet. I confirmed it in my email and everything.  Same happened to my BTCD withdrawal on Cryptsy, last night. I sent them support ticket 12 hours ago and got reply that they will contact their technical team. |
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DEV Team: When is the block reward reduction scheduled & what new rewards rates ?
Yesterday we had a meeting by Skype. The team agreed what the new block reward should be. I can't tell you yet what the new rewards are and when we role it out. But I can reveal it happens sooner than you think. Also the Chinese version of the white paper and roadmap coming out very shortly.... Thanks for an update :-) |
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Ok I voted for lowering block reward. We better do it before that hoarding psycho mines everything out :-) He/she/them have already mined/bought over 20% of total coins. I have this sense they it's someone who's relgularly on this forum. They stabilised in their mining/buying for 2 days and they got into frenzy again on Thursday when it was announced that block reward will be lowered. http://www.richlist.eu/litecoindark/stats/LVS7x6bBWFqFbBd8F8d14aPkp6cH3k1HgE |
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I do understand the reasoning as to why to lower the amount.
That said; please consider that there are folks just getting into crypto mining who don't have alot of hashing power and don't rent rigs for whatever reason (I am one of them. I just branched into scrypt coins 4 weeks ago using a 5-chip grid seed).
I get ~12 coins/day avg since the halving. Now compared to others here, that is a pittance. I buy hardware as I can afford it.
My concern is that if it is reduced too much, new entry level miners won't stick around.
New miners are the ones that are gonna help grow the coin. Don't cut them off.
I was mining a coin that was only cpu/gpu. At it's 6 month date; it switched the algo so only an R9 GPU could mine it. That forced me out as I was mining it on a laptop.
That Dev never replied to my PM and the community basicly said... too bad too sad goodby don't let the door hit ya on the way out. They said it had to be so to up the overall hashrate of the coin.
So when you make the changes to the block; plz keep in mind how this will impact the small miners and try to minimize the impact on them.
Don't throw the baby out with the bath water.
can someone explain to him, why we need to slow down the block rewards hate to run off a newbie. but if the coin get mined, then it will have slow very slow transaction, plus the big miner will keep flooding the market and so on, im sure someone else can explain it to u better. As for myself I didnt mine the coin. I bought with BTC, and the value has dropped, so im in this for the long term. and please dont take this as no offense if im wording it wrong, Im not trying to be mean or rude. but if the coin get all mined up very fast, there wont be no work for the transaction speed.
No offense is taken. As I said I do understand as to why there is a desire to slow the block reward down. I'm sticking with this coin for the long haul and do plan on purchasing more mining equipment as I can afford to do so. I am hearing that the LTCD Dev team have plans for some type of reward incentive to hang onto coins. Can we get that feature in place prior to reducing the block reward? Yes the Dev is working on alot of great features for this coin. And it going to be the 2nd gen of crypto. but its taken a lil time to resign and rewrite, I believe there trying to get more devs on board. The feature will be coming out in phases. The rest of us are just trying to gather as many coins as we can. lol. All I can said is get them while there cheap and hang on to them. Yes, and we shouldn't forget they they do it in free time. They also have other important things to do in every day life like their jobs and maybe families. We need to be a bit more patient and give them more credit. |
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What are the pros and cons to lowering the reward? I'm trying to get a grasp as to what this would mean for the community, the coin and my investment. Thanks guys!
First to keep the coin mineable for a longer period of time. Second the multipools will stay away from the coin some time and perhaps preventing dumping. Third More widely spread volumes and possibility to make POS. Thats the things that comes to my mind by lowering the reward. And any cons despite the ones which Viper1 mentioned? What are the pros and cons to lowering the reward? I'm trying to get a grasp as to what this would mean for the community, the coin and my investment. Thanks guys! Lowering the reward involves extending the mining period as well so there's a few benifits IMO. 1. More interest in the coin, more people involved etc which is better overall as it leads to a more active market, more people wanting to use the coin etc. 2. The network is more stable when the coin is being mined. Take a very rare coin like Firecoin that's only PoS. They have a problem there because not a lot of people are staking and so transactions can take a long time to occur. But in another rare coin like Uno, they still have mining and thus transactions are faster. 3. Although staking creates new coins, people tend to horde them and they don't make it out into the market. On the other hand, miners want to sell their coins and so there are fresh coins coming into the system constantly which also should help to spread out the distribution more. 4. Less coins means the price should stabilize, not be susceptible to as many "large" dumps and actually go up as time progresses. As for cons, the only thing I can really think of is that as long as the coin is being mined, it could be susceptible to a 51% attack. Once PoS is implemented though, that should help to alleviate that somewhat. Maybe if someone else knows some other Pros and Cons they could outline them. So are you for or against POS? Seems like the con would outweigh the Pro there.. Not sure exactly what you're asking since going PoS either does away (sort of as it's just a lot harder with PoS) the 51% attack issue if you don't have mining, or it helps to alleviate it by having people staking. But I'm for having a hybrid PoW and PoS coin as I believe the combination creates a stronger coin in the long run. Peercoin for example is a hybrid. Making it hybrid sounds like a good idea. I'm not sure what Devs think about it |
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Price is moving up steadily, buy support growing bigger and bigger as we speak.
Accumulation phase may be about to end.
Would move up better if more people moved from Bittrex to Cryptsy to avoid Bittrex detrimental bot system. |
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Before people start to vote could someone, please make a well informed (backed by evidence) list of pros and cons for lowering the block reward.
Voting without being well informed/educated in the subject is useless and not truely democratic, if not simply dangerous.
I'm not fully informed myself to arrive at competent voting decision. I would definitely like to know more.
Thanks :-)
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Why are you guys even discussing the name change when there are still features being developed. I'd much rather keep the name and focus heavily on development.
Agreed, don't put the cart before the horse. Now is not the time to do this change!! It will be a disaster to do that right now. I think my three name submissions are the best options. But, "NEXT YEAR: JULY 2015 coin name change vote YES/NO!" ~darylluke. Morning guys, Please do me a favor and read the last 8 pages, nobody is talking about a name change now. Please read the threath Haha, sorry. Just read your request after my previous post. I shut up now :-) |
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The Sestertius, or Sesterce, (pl. sestertii) was an ancient Roman coin. During the Roman Republic it was a small, silvercoin issued only on rare occasions. During the Roman Empire it was a large brass coin
The name's ncie but it's not very user friendly. The idea was to use the name which is grandma/kids friendly and refering to simplicity of use for everyone. If it's friendly to these groups of people it must be friendly to everyone ;-) Of course if the name was to change. I agree that the name should stay as it is for now |
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I've got the question to Devs.
Have you guys, maybe, contacted BitcoinDark developers if they would be willing to share their SuperNET technology?
This should be the next topic Hold on guys, I think we need to focus on the development of the v. 2.0 and then add-ons later on. 2.0 Whitepaper before anything else, then launch of v.2.0, then new features. Ok. It was jsut a thought |
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I've got the question to Devs.
Have you guys, maybe, contacted BitcoinDark developers if they would be willing to share their SuperNET technology?
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I still see all this talk of a name change, and while it may be a good idea for later, maybe at the 2.0 launch, right now we're known as LTCD. I seriously doubt "dark" is discouraging investors. It's far more likely that someone holding a massive amount of a coin that is being quickly depleted still in its infancy is discouraging new investors. I am 100% behind the idea of dropping the block rewards. I am 100% behind adding proof of stake. I'm also 100% behind the current list of bugfixes and resolutions that I'm working on (ie. the pchMessageStart problem).
The way I see things, I wish I had gotten the opportunity to help with this coin prior to its initial launch. I would almost propose relaunching LTCD with a side blockchain using proof-of-burn and trading 1:1 or even 1:0.5 with the new codebase to reduce the number of coins in circulation, without raising the 82,003,200 cap and allowing a definite start to proof-of-stake block generation and rewards.
Some of these things will need to be addressed VERY quickly if LTCD is to survive. Some of these things may be damaging to our reputation in the short term, but I think we'll end up with a better infrastructure and more room for growth with the possibility of expansion very soon.
I have forked litecoin (again) into a staging repository where I'm going to build (yet another) testing-only currency to run some specific simulations and work out my own proof-of-stake implementation outside of core. The sources will be open, so you can feel free to compile your own, but consider it a semi-closed beta as binary wallets will only be distributed to a select few of those willing to help run various scenarios. In this staging currency, there will a stipulation within the license agreement that you are NOT allowed to buy or sell the currency for any real-world currency, crypto, fiat, precious metals or anything else that can be given a monetary value EXCEPT the staging coin itself. It is something I'd like to keep as a staging ground for 2.0 features with no direct ties to LTCD other than hypotheticals.
PM for invites for beta testing. I'll personally vet the testing candidates and decide who can get an early copy.
The staging currency I'm referring to is NOT LTCD 2.0, it is only a test bed (beyond the scope of testnet) for future feature integration within LTCD proper.
I trust you with these decisions. |
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Please stop with the exchange submissions for a minute.
THINK first. Read backward here and review the posts from people regarding both sides of the matter. Then decide if you want to murder LTCD or not.
FROM DEV, no more exchanges at the moment, wait ! I know its hard, but it is worth it. Ok, I stopped adding. Requested only Poloniex. BTC-E and Bter as mentioned :-) I agree that current name isn't that bad. |
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Hey congrats on the news  How about EasyCoin, FriendlyCoin or FutureCoin? :-) |
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