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221  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] Feathercoin to partner with other leading alt currencies on: June 27, 2013, 06:47:27 PM
I'm not criticizing. Just giving constructive cristiscm about the problems with a centralized upgrade notification system. Here are a few more tips...

Use the alertnotify system to email and/or call you (bushstar) when an alert goes out. That way you will be woken up in the middle of the night if your alert key was compromised.

Instead of disabling alerts, just change the alert key from a key I own to a key you own. Litecoin alerts will no longer propagate to those clients because the alerts will be discarded when the signature does not verify. This is just a 1 line code change. If you don't like free form text, then restrict it. Also a very simple change.

I definitely don't think I know it all. What I do know is that satoshi and gavin are extremely smart and have thought of almost everything. A lot of thought has gone into the Bitcoin code but unfortunately most of it is not well documented. So my advice is to spend more time reading and understanding the code. It's definitely helped me a lot.
222  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] Feathercoin to partner with other leading alt currencies on: June 27, 2013, 04:32:32 PM
CAlerts are now three years old and come from a Bitcoin that was much less stable than it is now. I see the ability to send and display long custom strings to the user as a security threat. This old CAlert system was over looked and I apologise for that. Going forward we will have a much less intrusive way of informing users of an updated client. The idea is that a client will connect to a JSON feed to see if there is a higher number, if it is it will the user to upgrade and if it is not or it cannot find the site it will remain quiet. There will be no ability to display custom strings.

Bushstar, why do you think that a centralized solution is better than using the dencentralized message system that is part of Bitcoin already? Having a centralized server for checking for upgrades is bad due to possible ddos and having the server hacked. The alert system works well and is really the only way for me to contact old clients. Some Litecoin users are running 0.5 and aren't on the forums. So there's really no other way for them to be notified of a critical update otherwise. By disabling the alert system without a replacement in place, you are shooting yourself in the foot if in the future you want to contact these clients of a critical security flaw.

It's true that there is a threat of the alert key being leaked and anyone can then send messages to all the clients. But if you look at the code, you will see that satoshi has thought of this already like everything else he's done. You can send a max priority alert that's hardcoded to tell everyone that the alert key has been compromised and that everyone should upgrade. And this alert will override any other alerts.
223  Alternate cryptocurrencies / Altcoin Discussion / Re: WARNING[ANN] ------- Physical LiteCoins Available Now - Physical Crypto! ------- on: June 27, 2013, 04:34:01 AM
although it could go either way, its one of those decisions that you have to make, do you penalize the people who aren't going to abuse the system to hit the people who are? If you look at general crypto/libertarian philosophy, the answer tends to be no.

How about you can only make self moderated threads if you have a certain activity number? That makes it impossible for someone to make a few posts to get out of newbie jail, then immediately create a self moderated thread to try to scam others.
224  Alternate cryptocurrencies / Altcoin Discussion / Re: WARNING[ANN] ------- Physical LiteCoins Available Now - Physical Crypto! ------- on: June 27, 2013, 03:37:46 AM
Yes, I issued him a scam warning, and he deleted it. So I trashed his thread, and he is now upset posting obscene images. The Banning will commence in 3... 2... 1... special thanks go out to Maged.

SaltySpitoon and Maged, what's the point of self moderated thread anyways. It just seems like it's only useful to perpetuate a lie (or a weird joke) like: https://bitcointalk.org/index.php?topic=218388.0
Or used for scams and such.
225  Alternate cryptocurrencies / Altcoin Discussion / Re: WARNING[ANN] ------- Physical LiteCoins Available Now - Physical Crypto! ------- on: June 27, 2013, 03:28:45 AM
Thanks SaltySpitoon! The way you uncovered his BS is brilliant. Thanks for so quickly clamping down on this. Some people have not been around long enough to spot these obvious scams and may be tricked. Especially with self moderated posts when all the negative posts get deleted immediately.
226  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] Feathercoin to partner with other leading alt currencies on: June 27, 2013, 01:36:58 AM
SMH all these things being done for feathercoin could have been done for Litecoin.

The Litecoin Project does not do shameless self-promotion and pumping of its value because we feel it would be improper to do so.

Then why is it now valued by some at a non zero amount? You guys from day one pumped it as the lighter version of bitcoin, many a time your team as tried to infer to the  public that your coin is in someway endorsed by bitcoin, and thats the only way its ever achieved any percieved value.

I have no idea what you are talking about. I (or the Litecoin dev team) have never claimed that Litecoin is somehow endorsed by Bitcoin. And the value of Litecoin has nothing to do with whether or not it was endorsed by Bitcoin.
227  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] Feathercoin to partner with other leading alt currencies on: June 26, 2013, 10:56:38 PM
People use the term 'premine' because it's easier than explaining what actually went down, which was an unfair distribution of coins.

I always found it amusing that FTC was claimed to take after LTC because the dev was enamored with what the LTC devs had done with their coin, but FTC actually is different from LTC in one crucial way.

LTC focused on a fair to everyone launch where the miners had plenty of time to see the post and prepare their miners. Let's not forget that GPU mining didn't exist at the time for scrypt, and despite that, FTC starting difficulty remained the same.

I figure I should chime in. Now that Litecoin is almost 2 years old, most people don't know or have forgotten how much effort I put in to make sure that the Litecoin launch was fair. I think that's one of the main reasons why Litecoin succeeded and why most of these recent alt coins will fail.

See the chart for the first week of Litecoin? http://cryptometer.org/litecoin_90_day_charts.html
Notice the days between the first 2 blocks and the 3rd block? Looks strange and none of the other alt coins have this. This is because I mined the genesis block and another block to confirm it, and then released the source code and binaries. People had almost a week to look over the source code and mine some Litecoin testnet coins to make sure the everything works. And they can decide whether or not they wanted to mine Litecoin from the start. Then at the community-voted launch date and time, I released the hash for the genesis block and pretty much everyone started mining at the same time.

This is pretty much as fair as I could possibly make it. It's too bad that all these new coins copied the Litecoin code but not the launch process.
228  Alternate cryptocurrencies / Altcoin Discussion / Re: These physical LTC look awesome! on: June 26, 2013, 05:11:37 PM
It's announced: https://bitcointalk.org/index.php?topic=243341.0
229  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: ► ► ► LEALANA PHYSICAL SILVER LITECOINS [pre sale ANNOUNCEMENT] on: June 26, 2013, 05:11:05 PM
Just wanted to confirm that Smoothie has pledged to me that he would donate 1 LTC per coin to the development fund. Thanks Smoothie!
230  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Litecoin - a lite version of Bitcoin. Launched! on: June 25, 2013, 08:48:01 PM
Sorry guys. It seems like alerts were going haywire. I've canceled the alert. Let me know if you are still seeing alerts.
231  Alternate cryptocurrencies / Altcoin Discussion / Re: Confirmation: PowerCoin was 51% attacked on: June 25, 2013, 05:23:34 PM
It is pretty obvious that the vast majority of scrypt coins are vulnerable to attack, even with merged mining they might not be able to muster enough hashing power to secure themselves, without it they are pretty much begging to be attacked.

-MarkM-


Is this true for ltc too?

It could maybe become so if enough scamclones manage to divert enough hashing power, maybe.

However I think it is also possible that litecoin, like bitcoin, imagined itself to have such a huge amount of hash power that it might have deliberately avoided fixing at least one known attack, known as the timetravel exploit, and seemingly no one has yet managed to timetravel either bitcoin or litecoin yet as far as I know so maybe litecoin really does have "enough" hashing.

But, if it is true that litecoin, like bitcoin, felt that fixing the timetravel exploit was not necessary due to their massively huge amount of hashing power, how many clonecoin authors will have even known about the timetravel exploit, let alone about bitcoin and litecoin not having bothered to fix it 9due to arrogantly assuming their own hash rates are too huge for anyone to make use of the exploit) and thus actually bothered to puthe timetravel fix into their clonecoin?

I am thinking few, if any. Thus that probably almost all these recent scamclones are basically begging to be timetravel-exploited...

I am not actually sure though that litecoin never did get around to including a fix for the timetravel exploit. (An excuse for not fixing it would be that it would be a hardfork change, thus maybe not worth doing if there seemed negligible chance anyone could muster enough hashing power to use the exploit.)

-MarkM-


You mean this fix from 2 years ago? https://github.com/coblee/litecoin-old/commit/b1be77210970a6ceb3680412cc3d2f0dd4ca8fb9
Litecoin was launched with it already fixed.
232  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Litecoin - a lite version of Bitcoin. Launched! on: June 25, 2013, 08:57:45 AM
0.6.9.1 has been released. Please grab it from here: http://litecoin.org/

0.6.9.1 comes with lowered fees, but please see: https://forum.litecoin.net/index.php/topic,4615.0.html
233  Economy / Auctions / Re: 24 hour auction for 85/Ghs Avalon (4 module+PSU) on: June 19, 2013, 06:26:28 AM
55 BTC
234  Economy / Auctions / Re: 24 hour auction for 85/Ghs Avalon (4 module+PSU) on: June 19, 2013, 04:38:02 AM
50 BTC
235  Economy / Auctions / Re: 24 hour auction for 85/Ghs Avalon (4 module+PSU) on: June 18, 2013, 05:09:01 PM
23 btc
236  Alternate cryptocurrencies / Altcoin Discussion / Re: FAKE - LitecoinFoundation.org donates 2000 LTC to wtogami and Aspect for 0.8.2 on: June 17, 2013, 07:39:37 PM
Chaang,

We made it pretty clear in the development fund thread, that the LTC received will be used in a responsible way. All the current LTC devs are in constant contact with each other. And we all have to agree to something before the funds are used. And every expense is laid out in the public.

There is no secret deal. We have not made any deals with anyone that would unfairly influence the direction of the project. Each one of us are adamant about this point. The large mysterious donor just wanted to help out our cause and did not want his identity known. Is that a crime? No. Does that mean he has a secret influence on us? No!

It is true that I was preoccupied with RL a year ago and let Litecoin development slip. Greedi took advantage of that and tried to claim himself to be the lead developer of Litecoin. I was not aware of that. Did he ask for donation and did you donate to him? I'm sorry for your lost LTC. But you could have easily done your due diligence before donating. I was still available via PM on bitcointalk. If I had received a PM from you saying that "Greedi is claiming to be the lead developer of Litecoin. Is that true?", I would have come back sooner to clean house. The second I found out Greedi was overstepping, I took cared of it.

If you wanted to donate to help improve Litecoin, then please donate to the development fund that all the LTC devs agreed to use. If you want to donate to a single person, feel free to do that in private. But publicly donating to 2 of the devs seems a bit manipulative. And that's why aspect called you out on it.
237  Alternate cryptocurrencies / Altcoin Discussion / Re: These physical LTC look awesome! on: June 14, 2013, 06:51:05 AM
Yes, they have 10 ltc behind a hologram just like the casascius coins. When it's announced, I'm sure someone will post the info here.
238  Alternate cryptocurrencies / Altcoin Discussion / Re: [LTC] [ANN] Physical Litecoins by CryptoVest (Coming soon!!) on: June 13, 2013, 09:41:48 PM
Hi everyone,

After all this I have decided not to make the coins. I spent too much time organizing things and polling the public for their opinions, that it seems that someone else has beaten me to the punch and made their own physical Litecoins. This was a surprise to me, seeing as though this person never made an announcement or anything. I can't honestly take my investors money (over $10k) and use it on this project knowing that there will be competition and that his ROI will likely take a large hit. Believe me, no one is more upset with this turn of events than I am, I have spent over a thousand dollars on design and programming a custom program to generate/print addresses, and most of my free time the past few months has gone into planning or organizing some part of this.

Thank you all for your interest,

Ch

CoinHoarder, I'm sad to hear this. Would you reconsider? The other party seems to be making silver litecoins. I assume yours won't be silver so would be cheaper. Not everyone wants to pay the premium for a silver coin. So I'm sure you will have demand that's not met by these other coins.
239  Economy / Goods / Re: Selling Casascius coins and BitBills on: June 13, 2013, 08:24:58 AM
bump
240  Alternate cryptocurrencies / Altcoin Discussion / Re: These physical LTC look awesome! on: June 13, 2013, 03:22:27 AM
They havent even started selling them yet.

Yeah, but I haven't even had mine made yet. There is about a 3 week lead time at the very least to go from a design to a product.

Profit margins are so small for this type of thing, if there's competition I'll have to lower my prices and it's not worth my time. I make $40+/hr at my day job, I'm not going to work myself silly on this project for peanuts.

I actually think I know who is making them by deducing several things because Coblee knows who it is already... this guy is on the Litecoin dev team so it would make since Coblee was aware he was making them. The guy offered to partner with me when I made my thread, but was going to make me sign a contract and pay for legal fees, etc., so I turned down his deal. I suppose maybe it is my fault, but if I partnered with everyone that asked to partner with me in this deal, I'd have 10 partners by now.

Anyways, I guess I'll just go back to being a lowly miner... life is much less stressful that way anyways. Smiley

The person is not on the Litecoin dev team and is unrelated to us. I think you should continue with your coins. Yours is really promising too. There's definitely room for more than 1 physical litecoins. I'd buy both and I'm sure many people will too. So there's no need to have a price war.
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