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Author Topic: [2015-07-09] ‘Litecoin Shows There Is a Simple Fix for Spam Attacks on Bitcoin’  (Read 714 times)
tyz (OP)
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July 09, 2015, 04:27:40 PM
 #1

On July 7, Charlie Lee, creator of Litecoin (LTC), wrote a post on Reddit to offer a fix for the current spam attack to the Bitcoin network.

http://cointelegraph.com/news/114791/litecoin-shows-there-is-a-simple-fix-for-spam-attacks-on-bitcoin

LiteCoinGuy
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July 09, 2015, 04:39:46 PM
 #2

that is one part of the Litecoin (-Blockchain) value, you can do and test different things with it.  Smiley

but iam pretty sure BTC with find a way to handle this problem too.

odolvlobo
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July 10, 2015, 10:39:40 PM
 #3

The flaw in the fix is that it requires consensus on mandatory fee rules. Good luck with that.

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July 11, 2015, 04:57:41 PM
 #4

All that Litecoin is showing is how its still used as a vehicle for pumpers and ponzi-scheming ripoff artists. Oh, and its useful for laundering stolen BTC as well. As far as the 'simple fix' for spam - its called "raising your mining fee."

When sidechains become a reality, alt-coins like LTC will revert to their mean value of 0.

fortitudinem multis - catenum regit omnia
LiteCoinGuy
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July 11, 2015, 05:26:40 PM
 #5

All that Litecoin is showing is how its still used as a vehicle for pumpers and ponzi-scheming ripoff artists. Oh, and its useful for laundering stolen BTC as well. As far as the 'simple fix' for spam - its called "raising your mining fee."

When sidechains become a reality, alt-coins like LTC will revert to their mean value of 0.

or Litecoin will have Sidechains too  Tongue

TraderTimm
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July 12, 2015, 03:17:10 PM
 #6

All that Litecoin is showing is how its still used as a vehicle for pumpers and ponzi-scheming ripoff artists. Oh, and its useful for laundering stolen BTC as well. As far as the 'simple fix' for spam - its called "raising your mining fee."

When sidechains become a reality, alt-coins like LTC will revert to their mean value of 0.

or Litecoin will have Sidechains too  Tongue

The knock-on effect you aren't mentioning is that any alt-coin that has its own token will become valueless. You'll have to transfer back into the BTC market to use sidechains, which means sure, Litecoin can still exist, but there won't be any stand-alone LTC. The market exodus should be very entertaining to watch.

fortitudinem multis - catenum regit omnia
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