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41  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] Do you support Litecoin? on: July 28, 2012, 10:06:56 PM
5970 Radeon
I made .4 - .5 BTC a day mining BTC
  • overvolt to 1.225
  • 1026 Mhz GPU overclocked
  • 171 Mhz RAM underclocked
  • Fan 100% / hot GPU 78 - 80 C

At current prices I make .6 - .75 BTC a day mining LTC
  • no overvolt at 1.05
  • 800 Mhz GPU overclocked
  • 1100 Mhz RAM overclocked
  • Fan 70% / hot GPU 78 - 80 C

The community is less delusional of surviving the economic collapse in cryptocoin bunkers.
The hardware uses less power.
Hashes are 1000x harder to do (equivalence of BTC Gh/s to LTC Mh/s).
Technological jump is much less risk (51% attack) and less of a shock.
Halving rate allows more development (4 yrs vs 2 yrs) and is less of a shock.
Transactions are faster (2.5 minute target * 6 confirmations = 15 minutes vs 10 minute * 6 confirmations = 1 hour).
Innovative time sensitive products and ideas possible that are not feasible with BTC.

With that I leave you Treats by Sleigh Bells:
http://www.youtube.com/watch?v=rhdKnF3-rLk
Drummer boy
Heavens deaf, drummer boy
Heavy metal band sing with me
Deep sleep, we can march to the beat
Heavy metal band deal with me
Drummer boy
Put the move on the beat
Let the other ones stick with me
Deep sleep
Put the heat on the street
Let the enemy sing with me
Ohhhh

Bomb heaven
Can they bomb heaven in
Heavy metal band fall with me
Bomb heaven
They can bomb heaven in
Heavy metal band deal with me
Drummer boy
Heavens deaf, drummer boy
Heavy metal band stick with me
Deep sleep
Put the heat on the street
Let the enemy sing with me
Ohhhh
42  Alternate cryptocurrencies / Altcoin Discussion / Bite my coin trolls on: July 28, 2012, 06:40:53 PM
yes
43  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin Attack and Defense on: July 28, 2012, 04:43:02 PM
In the non-living physical world, when too much pressure or force is placed on an object, it breaks from the whole. It does not grow a new leg while the other leg faces blood loss and hibernates.
In the living physical world, you get a fever (which can kill you), a scar develops, platelets heal the wound. Getting shot in the arm does not create a new arm.

Cryptocoins naturally have a mix of both worlds. They are mechanically generated to serve purposes of networks of living people.

First, we should look at 51% as the natural result of a pure contest based model. Whoever is fastest wins.
Second, the threat 51% poses is not due to lack of tyrant nodes. It is due to failing to simply jettison the threat.
Third, it could be more than 51% if we had a design where characteristics worked for certain uses but not others.
Fourth and final, we could actually use 51% as a gentler way to start a new chain.

A few friends are working on this. We'll probably use litecoin than bitcoin as a base because the halving points allow more development between them, and technological jumps are less severe than in bitcoin.

44  Alternate cryptocurrencies / Altcoin Discussion / Re: Who is your favorite Litecoin Super Villian so far? on: July 28, 2012, 12:19:12 PM
I loved the solidcoin flame wars.  The entire BCX panic was annoying, but proved entertaining, and taught us all a lesson to NOT trust anyone involved with Litecoin.   Roll Eyes

So lets reflect, and ponder......who will Litecoin's next super villain be?

troll harder.
45  Alternate cryptocurrencies / Altcoin Discussion / Re: Broke my virginity on: July 28, 2012, 04:39:08 AM
I think my first block also came in the same chain. I don't care. A community in decline and one is rising.

It ain't the blockchain that has to survive. It's us. And we're so good at failing in that dept.
46  Other / Archival / Re: deleted on: July 28, 2012, 04:09:27 AM
BCX still haven't heard from you: https://bitcointalk.org/index.php?topic=95948.0

47  Alternate cryptocurrencies / Altcoin Discussion / Re: What's most needed for Litecoin to be successful? on: July 27, 2012, 06:28:32 PM
Everything else is fun but at some point, completely useless. You can build huge highways for cars but if there are no cars, its all useless.
That's really what I was trying to get at: there are lots of things that would be fun to play with (tweaking the OpenCL miner code, for example), but that doesn't make the currency any more useful in the long run.  So I'm really offering to do some of the un-fun things; I just wanted to get a better idea of what those were. Smiley

Any successful concept resonates and self-propels once it gets going.
For resonance you need a general motivation, a specific motivation, a way to maintain momentum, and an application of that momentum.
Once you have figured out what they are:
1. Engage the general motivation.
2. Moderate to maintain momentum.
3. Satisfy the specific motivation.
4. Use momentum to achieve your general motivation. See it wraps around.

The unfun stuff... let's find out.
48  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin vs BTC on: July 27, 2012, 06:22:18 PM
Hey

Why is LTC rising vs BTC? Is it just pure speculation?

Look at merchants for Bitcoin, they're going down. Look at how many mining companies Bitcoin has, if anything is speculation it's Bitcoin. There's no engagement.

Litecoin is going up because:
I use less power to mine litecoins.
I get more bitcoins by mining litecoins.
Litecoiners want to open stores as soon as possible.
Bitcoiners just want to skim off the surface of whatever everyone else is doing.

The above does not apply to the people who devote a lot of time here.
49  Alternate cryptocurrencies / Altcoin Discussion / Re: fuck this shit, I want my own blockchain! on: July 27, 2012, 06:18:47 PM
For cross blockchain transactions: see if this works for you. https://bitcointalk.org/index.php?topic=95904.0
50  Alternate cryptocurrencies / Altcoin Discussion / Re: fuck this shit, I want my own blockchain! on: July 27, 2012, 03:26:50 PM
If "influential people" decide to attack your shit, this community will be split into no less than 4 factions.
51  Alternate cryptocurrencies / Altcoin Discussion / Re: ATTN Litecoin GPU Miners - Scrypt support for cgminer on: July 27, 2012, 06:55:46 AM
I may code a python script sometime at the end of next week that calculates profitability with both litecoin and bitcoin and then hops between mining them based on that... is anyone interested in that?

LOL AWESOME
Was just contemplating that:
https://bitcointalk.org/index.php?topic=95987.0
52  Alternate cryptocurrencies / Altcoin Discussion / Re: CGMiner is nearly the guaranteed end of the 51% vulnerability on: July 27, 2012, 06:30:55 AM
riiight  

All this centralization on one coin is making people paranoid and desperate.

Hashrates can be combined and merge mined. Any chain that has the same algorithm can have the same power to it.
53  Alternate cryptocurrencies / Altcoin Discussion / CGMiner is nearly the guaranteed end of the 51% vulnerability on: July 27, 2012, 06:07:41 AM
Mine either algorithm as you like.
Monitor changes in hashrates.
Trigger defense mechanism either when too low or too high.
Jump chains to defend.

So much for the so called flaw.

We're almost there.

We can tolerate monocoin nutjobs causing havoc.

Or we can design useful chains with abstract features and exotic properties.
54  Alternate cryptocurrencies / Altcoin Discussion / Re: Hey BCX: I've got a real challenge for you on: July 27, 2012, 03:43:25 AM
51% is not a design flaw. It's simply an opportunity issue. Timing. Litecoin doesn't have the traffic necessary to discourage it, but that doesn't mean it can't handle it.

ALSO: roads have things on them that can kill people.
55  Alternate cryptocurrencies / Altcoin Discussion / Hey BCX: I've got a real challenge for you on: July 27, 2012, 03:16:18 AM
My design skills versus your design skills.
No bets.
No code.
Just the pure art of designing something as decentralized as possible.

You keep bringing up Scam Coin features. I find that sad.
Got any ideas of your own?
56  Alternate cryptocurrencies / Altcoin Discussion / Re: Coin incubation/natural split on: July 27, 2012, 12:28:50 AM
It could also just announce.
Any blocks produced at that time would start training the new chain.
57  Alternate cryptocurrencies / Altcoin Discussion / Re: Coin incubation/natural split on: July 26, 2012, 11:28:06 PM
I work with some activist and "hacktivist" projects and I'm careful not to attribute the work to myself. I've mentioned it a few times.
58  Other / Meta / Re: at what point should bitcointalk rid itself of the alt-coin circuses? on: July 26, 2012, 11:21:29 PM
All of it is just electricity.

Funny how so called capitalists hate competition. Bitcoin is becoming communist (and no communism will never be implemented right so stop dreaming about your favorite definition).
59  Alternate cryptocurrencies / Altcoin Discussion / Coin incubation/natural split on: July 26, 2012, 11:13:28 PM
We were wondering about your thoughts on this:

Suddenly raising the difficulty or causing a massive reorg sweep would cause the network to spit out a new blockchain.
Difficulty would be higher than the parent with a training period of one week.
To reduce the difficulty within that week, trading must begin.
Based on the level of trading, interactions, and initial network shape, the network will set fixed parameters for retarget time, maximum coins minted, halving time, and block reward.
If the chain is not retrained in the alloted time it dies.

Telltale signs of 51% attacks would naturally lead to more blockchains.

Questions?
60  Alternate cryptocurrencies / Altcoin Discussion / Re: The problem of 51% attacking alt-chains on: July 26, 2012, 07:22:06 PM
Trust has a specific meaning in cryptography: a point of weakness. The less you have to trust something you don't control, the safer you are.

It has a meaning you're not familiar with, evidenced by how you highlighted what you agreed with and ignored what you didn't agree with.
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