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241  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.
242  Alternate cryptocurrencies / Altcoin Discussion / Re: [LTC] Litecoin Core Development Fundraising on: June 12, 2013, 09:49:54 PM
It is for this reason that we are requesting donations to help fund this development work.

Do you accept Feathercoins?

coblee is trying to be professional and kind, but let me translate : " we take only real coins here, we do not accept junk or monopoly money".   

What the problem with other coins? as long as you can trade them in some place (like crytsy or btc-e), the developer can change them for LTC or BTC.

Having to accept each and every coin is going to waste a lot of our time. It would be better for the donator to convert the coins to LTC and then donate them to us. Thanks.
243  Alternate cryptocurrencies / Altcoin Discussion / Re: These physical LTC look awesome! on: June 12, 2013, 09:02:11 PM
Looks nice, but if so, that 1/2 oz silver 10 LiteCoin round is still only worth 1/2 oz silver, about $10 -

If its current rate of 10 LTC = at least. Not sure where you get $10.
Current price of silver is $21.81 oz, So that half oz coin is worth $10.90, it dosent matter what it says on it, you can put anything you want on a silver coin, its easy to do and it dosent make it worth anymore, silver is silver. It would be stupid to pay $20 or $30 for a $10 piece of silver.

I'm assuming that these will each be loaded with the private key to 10 LTC - like the Casascius Bitcoins. So $10.90 plus $23.79 plus premium to cover manufacturing costs and some profit for the guy making them. Gotta be looking at around 40 bucks each.
Yea but when you go to sell them no one is going to pay that premium you spent, so your losing money on them.. They are strictly souvenir coins. A big enough company puts any design on a coin they want and sell them for pennies above spot... apmex.com  -  providentmetals.com  - I am a gold and silver investor, I never buy anything with a premium, because your just losing money on it, but thats just me...

Well if casascius silver coins are any indication, you are wrong.

When those first came out, it cost about $80. About 10 bitcoins at $4 each + 1oz silver at $30 + $10 premium.
Check out how much they went for on ebay recently: http://www.ebay.com/sch/i.html?_sop=13&_from=R40&_sacat=0&LH_Complete=1&_nkw=casascius+silver&LH_Complete=1&LH_Sold=1&rt=nc
Granted btc price is >$100 now, but the premium on these are still huge.
244  Alternate cryptocurrencies / Altcoin Discussion / Re: [LTC] Litecoin Core Development Fundraising on: June 12, 2013, 06:04:17 PM
It is for this reason that we are requesting donations to help fund this development work.

Do you accept Feathercoins?

Sorry, just bitcoins and litecoins.
245  Alternate cryptocurrencies / Altcoin Discussion / Re: These physical LTC look awesome! on: June 12, 2013, 05:58:31 PM
I know for a fact that these physical litecoins are for real. These have been in the works for months now. No, I didn't create them, but I know the person who did.
I was expecting a full announcement from him soon and I can't wait to purchase a few.
246  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] The Definitive List of Mac Altcoin Wallets on: June 05, 2013, 08:35:41 PM
I built the Litecoin Mac client.

Hmm. Any interest in building A Worldcoin Mac client?  Tongue For us with a couple of year old macs? Maybe so good that Worldcoin actually adops it. Maybe even they give u some coins for it.   Grin

Not interested. Busy with Litecoin development. Sorry.
247  Alternate cryptocurrencies / Altcoin Discussion / Re: [LTC] Litecoin Core Development Fundraising on: June 05, 2013, 07:38:50 PM
Litecoin Dev Team has awarded a 200 LTC donation to forrestv for his current redesign of p2pool.  A future update to p2pool will hardfork their sharechain to increase the minimum size of dust.  This is important to the long-term health of the network, and it helps to reduce fees in combining p2pool dust for the miners.  Thank you forrestv!

https://plus.google.com/104307324656397909502/posts
Please follow us on Google+ for the latest dev team news.

Is this the good news we were waiting for?

Also why don't you just eliminate transaction fees for the next few years? There will still be plenty of miners competing for the LTC prize. more than enough hash power to secure the network

The good news is the 5000 LTC matching donation. See Warren's post a few posts above.

Transaction fees are not just for paying miners. They are also used for transaction spam prevention. If we eliminate the transaction fees, then a spammer can bloat our blockchain by sending a 0.00000001 LTC to a million addresses and only spend 0.01 LTC.
248  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] The Definitive List of Mac Altcoin Wallets on: June 05, 2013, 06:26:24 PM
I built the Litecoin Mac client.
249  Alternate cryptocurrencies / Altcoin Discussion / Re: [LTC] Litecoin Core Development Fundraising on: June 02, 2013, 05:18:46 AM
This thread is stickied? Why? Will every alt coin get a sticky if they make a development fundraising request? If not, why is a moderator deciding which coin who they may have a personal stake in is "worthy" of having a sticky?

I actually hold LTC.

I stickied it, because they asked nicely. I tend to sticky anything that is somewhat important temporarily of course, I'm using my own discretion as to what is important, but if you have noticed, I've stickied about 10 different threads for different coin types. I guess I gauge importance by
1) Effect on users if it is not seen
2) Will it create any disruption if it is stickied
3) Was the request a, "could you please sticky this because..." or was it a, "hey mang, sticky this ploxorz"

and again, my own digression. It will be unstickied sooner or later, so relax, I'd do it for whatever coin or coins you are supporting as well.


Also, by the way, the thread was unstickied by request of the person who requested it be stickied in the first place. Technically, I could really be as biased towards any coin as I wished, as there aren't really any rules expressed by the forums saying otherwise. But, I feel I'm a reasonably fair guy so I give every coin a fair enough chance, as long as it isn't a secret wallet stealer or something like that.

Thanks for the explanation SaltySpitoon. I think your ability to be fair is commendable, and yet you still get called out for being biased.
250  Alternate cryptocurrencies / Altcoin Discussion / Re: What makes altcoins valuable? on: June 02, 2013, 04:47:51 AM
While a coin needs a good development team to get it going, it needs a reason to stay around in order to have real staying power. None of the clone coins have such a reason, so they eventually die out (after the inevitable pump and dump). Coins like litecoin, devcoin, ppcoin, and namecoin were unique enough to gain the critical mass that allowed them to survive.

There's nothing but cosmetics original in Litecoin. If originality is the only thing required for coin to survive Litecoin would die week after it's creation.

It's a copy of Tenebrix who was real innovation but failed due to, even I must say it, excessive premine, and Fairbrix who was also Tenebrix copy, not premined one but failed due to attacks and some bad coding..

Make a look at it's original thread and you'll see no difference than with any of last few weeks releases. People saying it's pointless, doesn't bring anything new,etc, etc.. it was just launched at real time and somehow everything kicked good for it.

Litecoin wasn't original similar to how Microsoft Windows wasn't original.

I took all the innovations (Solidcoin's fast transaction time, Tenebrix's scrypt), put it together without the baggage (Tenebrix's multicoin code, premines), picked a good and memorable name, and released it in a fair manner. The innovation is not any of the pieces by themselves but the package as a whole. It's not an accident that Litecoin is thriving and most of the alt coins before it are all dead.
251  Alternate cryptocurrencies / Altcoin Discussion / Re: What makes altcoins valuable? on: June 02, 2013, 03:10:38 AM
Quote
Premining is never acceptable.*

That's bullshit. If it is not acceptable for you, you don't deal with it and that's it.

Developers should make money from creating coins, specially those that stay around and take care about it. Why the heck would a dev who accidentaly has one rig only finish with 20 times less coins than some gpu farm bully.

It's not charity.

If I'd create a new coin I'd premine nice amount of it or would take care that I bank from transaction fees. If some self-precious moaner wouldn't like it, well, let it be.

Premine, premine, premine... most boring and twattish thing in crypto community. Can't stand "premine moaners"

I disagree. How much work does it take to launch a new alt currency? It's not much, so why should the creator premine a bunch for himself? Why does he deserve it?

One reason why I created Litecoin was because almost all the other alt coins before it had a large premine. The ONLY reason to premine a coin is if the creator is greedy and wants to strike it rich. If not, then he/she should just mine it themselves. If they really believed in the coin, they would accumulate coins by mining it the whole time and buying it on the exchanges, and then work hard to make the coin gain acceptance and gain in value.

I spent very little time on the coding part when I created Litecoin. What I spent time on was on coming up with a process to launch the coin fairly. I also spent some time thinking of a good name for it. When it was released, I only had one CPU pointed at it, so I did not mine a lot of litecoins. And I've bought more litecoins than I have mined. That's because I believed in it and I worked hard to support it.

So no, alt coins should not have a premine. If the developers truly believed in their coin, they would be a buyer and not a seller on the exchange. I will never support a coin with a premine.
252  Alternate cryptocurrencies / Altcoin Discussion / Re: [LTC] Litecoin Core Development Fundraising on: May 31, 2013, 07:05:59 AM
can i send by BTCE code?

(these have less fees I think)

Sure, please PM me on btc-e.
253  Alternate cryptocurrencies / Altcoin Discussion / Re: [LTC] Litecoin Core Development Fundraising on: May 30, 2013, 08:18:24 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?

Since the beginning, there has been one dev (me) with some help from a few of people like pooler and fanquake. And as you can see work has been slow because I have another job and I'm doing this on my free time. To push things forward, I'd like to get more devs involved and that requires some funding to incentivize people to work on it. For example, Warren has done a tremendous job in leading the efforts to rebase our code to Bitcoin 0.8.2. He's new to Litecoin so he's not invested in the coin. So part of the funds will be used to both pay for his work and to get him invested in the coin. And part of the funds will be used to pay for the infrastructure and maintenance costs of serving the homepage, wiki, forum, explorers, dnsseeds, etc. I personally will not be accepting anything from the fund.

All disbursements of this fund will be made public here: https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=1

If people think that we are already rich and just begging for more money, no one is forcing them to donate. But it is pretty clear that a lot of users want to give back to Litecoin development and have donated already. We will put these funds to good use. Thanks.
254  Economy / Goods / Re: Selling Casascius coins and BitBills on: May 30, 2013, 12:16:58 AM
1btc coins sold out. I've also reduced the price for the 100 btc bar. And I can also sell that bar redeemed for 2 btc if there's any interest.
The bar has a error series 1 hologram. There's only 130 of these bars ever made: http://casascius.appspot.com/group?type=3
Out of those 130, it looks like there are only 57 bars that have the rare series 1 hologram like this one. It's truly a collector's item.

I also figured out how rare BitBills are:
20BTC: 181 (132 intact)
10BTC: 143 (97 intact)
5BTC: 144 (107 intact)
1BTC: 589 (492 intact)
255  Alternate cryptocurrencies / Altcoin Discussion / Re: [LTC] Litecoin Core Development Fundraising on: May 29, 2013, 10:48:13 AM
Kind of silly to argue about whether or not this thread should be stickied. The mining pools thread used to sticky threads for the top 10 pools. I guess this is not much different.
I guess the mods feel like this is an important thread to the Alternate cryptocurrencies subforum. And that's all there is to it.

Since more than half of the cryptocurrencies is cloned from Litecoin, they can all benefit from us working on Litecoin... similar to how Litecoin benefits from all the hard work the Bitcoin devs have put in.

So I guess what I'm trying to say is we should spend less time arguing for the sake of arguing... and just donate! Smiley
256  Alternate cryptocurrencies / Altcoin Discussion / Re: [LTC] Litecoin Core Development Fundraising on: May 29, 2013, 10:40:10 AM
Thanks to everyone for donating! I'm glad to see so much support for Litecoin.
We will definitely put the funds to good use.
257  Economy / Collectibles / Re: Casascius Coins on: May 29, 2013, 03:52:02 AM
I've sold a bunch of coins to nightowlace. Good guy!
258  Alternate cryptocurrencies / Altcoin Discussion / Re: Let's get Bitcoinstore.com to accept Litecoin. on: May 28, 2013, 07:35:28 PM
I think bitcoinstore uses BitPay, so it won't be easy for them to accept litecoins until BitPay supports it.

I just sent Roger Ver an email and pointing him to the thread. Let's see what he says. Smiley
259  Alternate cryptocurrencies / Altcoin Discussion / [LTC] Litecoin Core Development Fundraising on: May 25, 2013, 08:35:30 AM
Purpose: To generate funds to help pay for core development work.

As you are probably familiar, the Litecoin-qt/litecoind client has not seen a release in some time. We are currently working on a new version of the software that will bring it current with the Bitcoin code base.

We have a number of developers who are highly skilled and motivated to work on this project. Work has commenced to carefully review and convert patches against Bitcoin v0.6.3 to create a clean rebase upon v0.8.x.  Once this is complete, we’ll need to do extensive testing and some additional documentation.  After the client is modernized and the network is upgraded, we have exciting plans to further improve the Litecoin protocol.

These operations take time and unfortunately a number of our developers must necessarily split time between paying projects (i.e. their day jobs) and this important work to better ensure the long-term safety and security of the Litecoin network.

It is for this reason that we are requesting donations to help fund this development work.  Funds will first be used to reimburse core infrastructure hosting expenses before being divided amongst the developers.

LTC: LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3
BTC: 1KD5tt1p3mdZH8DDXeEwdsJNpiwUZCfzkF

Thank you,

The Litecoin Development Team
aspect
coblee
face
pooler
thrasher
warren
260  Economy / Goods / Re: Selling Casascius coins and BitBills on: May 24, 2013, 08:14:44 PM
I'm out of the 5btc coins.
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