How is it a scam coin? No one premined anything...

Litecoin is vulnerable to even CVE-2012-1910 which was disclosed back in March.
I've created a pull request to fix it, mostly as a test for the Litecoin maintainer(s).

Additionally, I've confirmed that CVE-2012-2459 (fixed in Bitcoin 0.6.2) and CVE-2012-3789 (fixed in Bitcoin 0.6.3) would both be trivial to port fixes to Litecoin once disclosed.

P.S. This is not an endorsement of Litecoin in any way. It is still a scamcoin, after all.

It is a shame all of the Bitcoin developers don't agree with this.
Unfortunately I cannot legally copy and paste the freenode #litecoin IRC logs on this forum.

and when the Bitcoin devs have finished welcoming asics there will be plenty of people looking for alternaate uses for their cpus and gpus maybe a viable alternate coin would suit them.
Bitcoin is alienating many of the people that supported it for a long time by welcoming ASIC technology and driving out the small "hobby user"

my 2LTC worth

Here you go

Edit:

Also here are the hardware stats

Coblee, since you're adding latest Bitcoin fixes, might be worth integrating the one which optimizes block propagation time.
I think it's called "signature verification cache" and was added into 0.6.3 by Gavin.

Maybe it's not critical for Litecoin now, but considering the higher block rate and how slowly people upgrade their clients,
it's likely that Litecoin will face this problem sooner than later, so better start preparing now!

Smoothies super awesome silver for LTC auction https://bitcointalk.org/index.php?topic=90199.0 (had to give him the bump, I love seeing LTC stuff in the marketplace section) makes me want to buy some silver with LTC.  

I have 2866 LTC and am mining solo with .07m/hash to give you an idea of the rate at which I acquire them.

I'm interested in silver dimes, quarters, morgan half-dollars, etc.  If anyone somehow has 1/2g of gold they'd like to part with, I'd actually be more interested in that.  ShireSilver, I'm lookin' at you!

Unless you're extremely reputable, I will expect the seller to ship first.  I will be the judge of "reputable."

So, whatcha got for me?  

Ay, fair enough.  Too rich for my blood.  Good luck with the auction!

...~9 BTC in LTC for 1 oz.?  You realize that's like $50+

I'll buy one for 2866 LTC.  That cleans me out.  I'll offer 3,500 LTC if you want to wait a week or two for me to mine the rest.

To be honest Gavin, I think it's a question of Ownership. Bitcoin hit GPU mining before it hit mainstream- and thus those who weren't early adopters feel left out. Sentimental? Yes, but not irrelevant. If the cost to entry is a serious GPU farm, many casual people who would over time get seriously committed if they had a chance, are lost. Bitcoin is great for all the reasons we all know, but for ordinary people (especially those not fond of math) selling them on bitcoin is like selling them a piece of the moon.

One could make the argument that if the wave of individuals who got involved in alternacoins like LTC (thanks to Bitcoins PR) is greater then the original Bitcoin early adopter crew, there is a chance that in the long run a Larger AlternaCoin community might make a more viable concurrent currency system.

By day I'm a reasonably well known fashion photographer- hardly the kind of guy you would expect to get involved. But here I am, and I'm mining LTC because I can. I also have an incentive to spend the summer learning to program so I can build apps that use LTC to raise the value of the LTC I've already mined. Hopefully LTC remains somewhat viable for people to mine long enough to get an even larger group of invested new-early adopters.

We all like bitcoin- no doubt about it, but for me to have to go through a still very lengthy (bank transfer to exchange) or costly (bitInstant is not cheap) process to get bitcoins just to turn around and buy things I could buy anyway with a credit card- doesn't rock my boat in quite the same way.

I understand the why/how of Bitcoin, but I think a sense of ownership that coins like LTC still offer is very powerful.

Imagine this- The United States was conquered al'la Manifest Destiny in many ways thanks to the free opportunity of ownership that the "west" offered. Gold rush or land rush, the idea was to distribute potential wealth as widely as possible so that you suddenly had a great number of people invested in the idea of "America". I lived and studied in great depth and many years in the former Communist states and a key principle in converting Communists countries to Capitalist societies was redistribution of wealth. It wasn't perfect by a long shot, but it got people invested in a sense of ownership in a free society.

Coins are quite the same. They need to be distributed as widely as possible to ensure a user base of support- the primary mechanism of this is mining. BTC is already relatively elite to mine, but I think it's questionable if it grew it's user base large enough prior to becoming relatively elite.

An alt Coin like LTC has an opportunity to build on BTC's success and gather a wider user base while (hopefully) keeping mining an option for more users, longer.

In the end, I think it's not about the coin- it's about the IDEA of bitcoin. If one succeeds more or less then another it's somewhat irrelevant- if any of them succede it's a victory for the philosophy. That's more important no?

 

just helping to get the ball rolling.  that's not my final offer.

Not much of an auction with a difference of 57.33 LTC or .40 USD between the starting bid and the "street value"...
I'll bid 25,000 LTC

Did it have a cheesy crust ?

GODDAMNIT LOOK AT THAT BEAUTY
even with a garlic sauce!