[2016-09-23] Litecoin Core Development Update

[Pursuer]

I'm skeptical that adding CT will have adverse affects to LTC on a socioeconomic level.

CT is only part of the solution to privacy/anonymity.

Let's face it, the recent effect in anonymous coins is mostly because of hype (or over expectations). I do agree that it would not really affect LTC's price (unless certain groups decide something else). Bad thing is that in the past 2 years cryptocurrencies are restraining from adoption more and more. We have a new "gimmicks race", which probably leads to nowhere.

well first of all hype is not a bad thing for altcoins to gain some momentum and then gain some better foothold in the market to raise their price and stay there. besides no trader is going to miss a good hype because there is a lot of profit to me made

also it is not all hype, there are so many people looking for more privacy so they will look for better anonymous coins. they may not be using it on dark markets and such but that doesn't mean people don't like or want this feature and what coin is better than litecoin to implement this feature. of course only if they don't break everything by doing so!

[spartak_t]

I'm skeptical that adding CT will have adverse affects to LTC on a socioeconomic level.

CT is only part of the solution to privacy/anonymity.

Let's face it, the recent effect in anonymous coins is mostly because of hype (or over expectations). I do agree that it would not really affect LTC's price (unless certain groups decide something else). Bad thing is that in the past 2 years cryptocurrencies are restraining from adoption more and more. We have a new "gimmicks race", which probably leads to nowhere.

well first of all hype is not a bad thing for altcoins to gain some momentum and then gain some better foothold in the market to raise their price and stay there. besides no trader is going to miss a good hype because there is a lot of profit to me made

That's what I meant. Sometimes you do need hype, but that is when you are focused to something more important - adoption (i.e. to get some traction in a coin/asset/token). But that is something we are not seeing lately. Most of the people only care about their profits and that's it.

also it is not all hype, there are so many people looking for more privacy so they will look for better anonymous coins. they may not be using it on dark markets and such but that doesn't mean people don't like or want this feature and what coin is better than litecoin to implement this feature. of course only if they don't break everything by doing so!

Privacy doesn't necessarily means wider usage.

[vlom]

I'm skeptical that adding CT will have adverse affects to LTC on a socioeconomic level.

CT is only part of the solution to privacy/anonymity.

Let's face it, the recent effect in anonymous coins is mostly because of hype (or over expectations). I do agree that it would not really affect LTC's price (unless certain groups decide something else). Bad thing is that in the past 2 years cryptocurrencies are restraining from adoption more and more. We have a new "gimmicks race", which probably leads to nowhere.

this gimmicks race will lead to something. a lot of projects will fail but there will be a coin or a blockchain-thing that will be used in the future. will ETH survive? who know, but they changed something. check lykke they have the potential to change things to. poloniex and others won't be used. or lykke will fail and something else will take its place.

[vlom]

Privacy doesn't necessarily means wider usage.

but privacy is the most important thing these days in will be even more important in the future.

[spartak_t]

Privacy doesn't necessarily means wider usage.

but privacy is the most important thing these days in will be even more important in the future.

Yeah, right. "They" can read the title of your newspaper, while you are taking a dump in your toilet if you are targeted. No matter how much freedom you think you are having. Problem is that most of the average Joe's think that they will be untouchable while using anonymous cryptocurrencies. At least back in 1800s you can hide in a cave or something. Things are much different now.

[spartak_t]

check lykke they have the potential to change things to. poloniex and others won't be used. or lykke will fail and something else will take its place.

Just checked one of their threads and... well... I am speechless...

No other coin has such strong venture backing by equivalent of Nasdaq (actually Deutsche Boerse is a bigger company than Nasdaq with 15 billion $ marketcap). But we're more focused on product than marketing, so it might take 3-6 months before major outlets notice.

Do you realize how ridiculous this sounds? Market cap of NASDAQ is close to $7 TRILLION.........

[losh11]

This is not a gimmick we came up with two weeks ago.
Coblee (charlie) had expressed interest in implementing (optional) confidential transactions without a hard fork earlier this year in the Litecoin Core and Association AMA.
Take a look at this post by Charlie Lee: https://www.reddit.com/r/litecoin/comments/3z2ta1/ama_official_litecoin_developers_and_litecoin/cyjsk53

That was over 10 months ago, before Monero or DASH or whatever else shitcoin became popular.

Another Litecoin Core developer (thrasher-au/Adrian Gallagher) also announced we could be looking into confidential transactions later this year (around now right?)
Source: https://www.reddit.com/r/litecoin/comments/3z2ta1/ama_official_litecoin_developers_and_litecoin/cyj5zl4

[shyliar]

Nice to hear that LTC development is active. With all the hype right now about anonymity this is a good call for litecoin.

I'm skeptical that adding CT will have adverse affects to LTC on a socioeconomic level.

CT is only part of the solution to privacy/anonymity.

I don't know if anyone remember when DOGE was rising like crazy and Litecoin felt "threatened" their community paid some voluntary work thing in Madagascar, planting trees or something because DOGE presumably was rising on charity news, it was hilarious desperation like this now.

That's odd I remember how the litecoin creator Charlie Lee reached out to the DOGE community and offered the option of merged mining so that DOGE could survive. The design of DOGE and it's fast collapse of mining reward meant that within the year most miners would be forced to abandon it or mine at a lose. Many in the DOGE community including their leader attacked Charlie for making the offer. Minds changed as miners were forced to abandon DOGE and eventually it became supported by the strength of the Litecoin Network.

While it is true that there are a minority of negative individuals involved with all coins (and they show up more when a coin is being pumped) the Litecoin community has in general embraced Bitcoins and various alt coins. An example of this is how the Litecoin community was impressed by the DOGE community charitable efforts. In fact there are various Litecoin charitable efforts that continue to this day as a result of the example set.

One of the important reasons for privacy not being mentioned is the requirement for it by merchants. If cryptocurrency was ever adopted at the level many in these forums hope for many merchants would be unhappy with a traceable currency that allows the competition to track part of their cash flow. Another reason is that being untraceable is beneficial to those living under the tyranny of corrupt governments. A good non-monetary example of why privacy is required in the real world is the utilization of TOR in countries where you might lose your life for reading certain internet content. By allowing people to tunnel out an avenue for self education (and not indoctrination) is provided.

Edit: Here's a link to an article that includes information about a joint charitable effort by the dogecoin and litecoin community called LiteShibes 4 Christmas. An example of how communities can work together for the good.

http://www.coindesk.com/things-alt-feathercoin-forks-collaborative-crowdfund-charity/
  

[bbc.reporter]

I'm skeptical that adding CT will have adverse affects to LTC on a socioeconomic level.

CT is only part of the solution to privacy/anonymity.

Let's face it, the recent effect in anonymous coins is mostly because of hype (or over expectations). I do agree that it would not really affect LTC's price (unless certain groups decide something else). Bad thing is that in the past 2 years cryptocurrencies are restraining from adoption more and more. We have a new "gimmicks race", which probably leads to nowhere.

I do agree that in altcoins there is always has an ongoing "gimmick race" coming from most of them. But there is another way of looking at the situation. Without participating in the gimmicks race and pushing the development team into improving their respective coin projects then they might be left behind by their competitors. I believe if litecoin does nothing then it would be threatened to become a forgotten coin and die slowly. I know litecoin is still in a good position even if they do not participate in the gimmicks race but they might be in a better one if they do.

[spartak_t]

DOGE is still breathing because of its enormous community and it is a living proof that cryptocurrencies does not need gimmicks to succeed. Only a troll can say that Litecoin is feeling threatened by some other coin/asset/token. Even if LTC completely dies, it will still be one of the best, because for one simple reason - it distances itself from the "tech race" and focuses on adoption. If Litecoin dies it would not be, because it was "not developed" (from the tech side), it will be because of the people's hypocrisy.

EDIT:

I'm skeptical that adding CT will have adverse affects to LTC on a socioeconomic level.

CT is only part of the solution to privacy/anonymity.

Let's face it, the recent effect in anonymous coins is mostly because of hype (or over expectations). I do agree that it would not really affect LTC's price (unless certain groups decide something else). Bad thing is that in the past 2 years cryptocurrencies are restraining from adoption more and more. We have a new "gimmicks race", which probably leads to nowhere.

I do agree that in altcoins there is always has an ongoing "gimmick race" coming from most of them. But there is another way of looking at the situation. Without participating in the gimmicks race and pushing the development team into improving their respective coin projects then they might be left behind by their competitors. I believe if litecoin does nothing then it would be threatened to become a forgotten coin and die slowly. I know litecoin is still in a good position even if they do not participate in the gimmicks race but they might be in a better one if they do.

It may die, because people are for the "coin of the day" and cares about their $5 profits. I've said that more times than a 60-year old priest said "Amen".

[Ayers]

Privacy doesn't necessarily means wider usage.

but privacy is the most important thing these days in will be even more important in the future.

some people don't care about their privacy or being anonymous, or they would not use fiat or paypal or other service like facebook, so i have my doubt that privacy is so important, and this is true for like 90% of the people in the world

[losh11]

Please remember:

Confidential Transactions are optional...

...not to be used by the general user, on the other hand, an advanced user might.

[NattyLiteCoin]

While I agree that "gimmicks" do not make a coin, but there are only a handful of features that can be experimented with and implemented in this crypto space. It's fucking lose - lose with some of you people: Litecoin paces Bitcoin Core to ensure stability "LITECOIN HAS NO DEVELOPMENT!" Litecoin explores CT and answers to the block size debate "HOW ORIGINAL, DUMBEST IDEA EVER!"

All while the development team is doing this on their free time. I agree, I think someone should come out with a better coin on the devs team budget. I'm sure it would be awesome.

[spartak_t]

Yes but thats not the event I was referring to, I'm bagholding Litecoin for a long long time, I got tired of waiting the devs do some improvement beyond the silver to bitcoins gold slogan, lots of things get talked but never done they just sit on their asses until something gets near it in MC, last time was DOGE but DOGE was not a serious coin it cannot be compared to Monero, unfortunately to Litecoin a "me-too" attitude towards privacy won't be enough, it would need too many changes that the Bitcoin core protocol do not allow natively, at this point I would wait sidechains code go live and near operational in the Bitcoin testnet and make it on Litecoin first with a Zerocoin protocol. It would still be inferior to Monero's default privacy but superior to simply pasting CT.

The only thing I can agree with is that Litecoin is indeed developing slowly, but there are a lot of reasons for that. Maybe they should focus on gathering a bigger and a worldwide community.

As for the DOGE - Monero comparison... That's imho is very far from the truth. You do realize that DOGE potentially has a lot more chances for adoption than Monero? You can laugh on that statement, but just take a closer look to websites/social accounts such as 9GAG. "The jokes industry" worth BILLIONS.

P.S. And, yes... DOGE is a shitcoin (if we talk about gimmicks).

[bbc.reporter]

Please remember:

Confidential Transactions are optional...

...not to be used by the general user, on the other hand, an advanced user might.

Ok so back to the fungibility issue. Won't that mean that there is a risk of the coins' transactions made without CT will be worth less and the coins transacted with CT? For argument's sake let us say that both those transactions made a purchase of drugs from the same merchant in the darknet.

[vlom]

Privacy doesn't necessarily means wider usage.

but privacy is the most important thing these days in will be even more important in the future.

some people don't care about their privacy or being anonymous, or they would not use fiat or paypal or other service like facebook, so i have my doubt that privacy is so important, and this is true for like 90% of the people in the world

yes thats right. they don't care. but they should. and i think that after snowden something happened. and thats why i think that more people will realize that should care.

[Spoetnik]

DOGE is still breathing because of its enormous community and it is a living proof that cryptocurrencies does not need gimmicks to succeed. Only a troll can say that Litecoin is feeling threatened by some other coin/asset/token. Even if LTC completely dies, it will still be one of the best, because for one simple reason - it distances itself from the "tech race" and focuses on adoption. If Litecoin dies it would not be, because it was "not developed" (from the tech side), it will be because of the people's hypocrisy.

EDIT:

I'm skeptical that adding CT will have adverse affects to LTC on a socioeconomic level.

CT is only part of the solution to privacy/anonymity.

Let's face it, the recent effect in anonymous coins is mostly because of hype (or over expectations). I do agree that it would not really affect LTC's price (unless certain groups decide something else). Bad thing is that in the past 2 years cryptocurrencies are restraining from adoption more and more. We have a new "gimmicks race", which probably leads to nowhere.

I do agree that in altcoins there is always has an ongoing "gimmick race" coming from most of them. But there is another way of looking at the situation. Without participating in the gimmicks race and pushing the development team into improving their respective coin projects then they might be left behind by their competitors. I believe if litecoin does nothing then it would be threatened to become a forgotten coin and die slowly. I know litecoin is still in a good position even if they do not participate in the gimmicks race but they might be in a better one if they do.

It may die, because people are for the "coin of the day" and cares about their $5 profits. I've said that more times than a 60-year old priest said "Amen".

That is a lie..

The dev said he is leaving LONG AGO because the community failed to support the coin.

HIS WORDS

And.. i was saying it was happening far before he admitted it and i can prove it.

Almost 2 years ago the price slumped and 95% of it's so called facade of a community bolted.
And still to this day you all lie your fucking ass off about it partying like it's 2013 still.

It never DID have a fucking community !
All it had was temporary short term traders looking to make a buck.
So when the popularity died off then the price started dropping like crazy there was an exodus
and i called it to the day exact day and posted a picture from Cryptsy as proof.
I said it has NOW begun..
And i was right !
After that it just dropped more and more as more & more users left..
and the chatter here went from all Doge topics on page 1 to 0

You are all deceitful bullshiting pigs lying & crying FUD for bucks here 24/7.
..or you are morons (or a vulgar combo of both)

You can't deny what i just fucking said retards.
The god damn fucking dev of the coin said it himself !
He announced he was leaving the project because the COMMUNITY FAILED TO SUPPORT THE COIN

So what do i see over & over like a broken record ?

LIEM OMGZ DOGE HAZ SUCH AGUD COMMUNITY !!!!

bull
mother
fucking
shit
SCAMMY
morons

And the rest of you are spewing retarded garbage galore making excuses.
Who do you think is eating up your stupid drivel ?

"cryptocurrencies does not need gimmicks to succeed" ?

What the fuck part of the Doge Meme is not a gimmick ?
Say more dumb shit guys.. please, it makes my balls tingle LOL

And no gimmicks are bad and Monero came out 2 years ago dumb ass's
So yeah LTC still could have been planning on copying the gimmick long ago.

100% of you are shit talking idiots.
All you do is spew shit and cry FUD for bucks.
making excuses for "bad" non stop.. so it lines your wallets.

Fumble over yourselves to pile on the ANON band wagon idiots i laugh at you
As i did with every other stupid trend that died here before.
I hope the FBI kicks your fucking doors in pricks that would amuse me LOL

Charlie supports Doge ? a scam coin ? ya that is smart LOL
I wonder how much money he made off joining in with the other losers bullshiting about doge ?
A crowd of predators that left kids holding the bag.. still to this day !

[bbc.reporter]

DOGE is still breathing because of its enormous community and it is a living proof that cryptocurrencies does not need gimmicks to succeed. Only a troll can say that Litecoin is feeling threatened by some other coin/asset/token. Even if LTC completely dies, it will still be one of the best, because for one simple reason - it distances itself from the "tech race" and focuses on adoption. If Litecoin dies it would not be, because it was "not developed" (from the tech side), it will be because of the people's hypocrisy.

EDIT:


It may die, because people are for the "coin of the day" and cares about their $5 profits. I've said that more times than a 60-year old priest said "Amen".

But litecoin is not bitcoin. Even if bitcoin lacks certain technologies and features other altcoins and platforms have it was the first cryptocurrency and it may be cliche to say this but it has first mover advantage over the rest. Remember during the early years it was litecoin that started a sort of "gimmicks race" by making confirmation times faster and adding more in the total coin supply. Not even being the faster coin could make it surpass bitcoin. So maybe a new approach is to be taken and take the gimmicks race a step further. With litecoin's current infrastructure I believe it can take Ethereum a run for their money and get back to 2nd place.

[spartak_t]

DOGE is still breathing because of its enormous community and it is a living proof that cryptocurrencies does not need gimmicks to succeed. Only a troll can say that Litecoin is feeling threatened by some other coin/asset/token. Even if LTC completely dies, it will still be one of the best, because for one simple reason - it distances itself from the "tech race" and focuses on adoption. If Litecoin dies it would not be, because it was "not developed" (from the tech side), it will be because of the people's hypocrisy.

EDIT:

I'm skeptical that adding CT will have adverse affects to LTC on a socioeconomic level.

CT is only part of the solution to privacy/anonymity.

Let's face it, the recent effect in anonymous coins is mostly because of hype (or over expectations). I do agree that it would not really affect LTC's price (unless certain groups decide something else). Bad thing is that in the past 2 years cryptocurrencies are restraining from adoption more and more. We have a new "gimmicks race", which probably leads to nowhere.

I do agree that in altcoins there is always has an ongoing "gimmick race" coming from most of them. But there is another way of looking at the situation. Without participating in the gimmicks race and pushing the development team into improving their respective coin projects then they might be left behind by their competitors. I believe if litecoin does nothing then it would be threatened to become a forgotten coin and die slowly. I know litecoin is still in a good position even if they do not participate in the gimmicks race but they might be in a better one if they do.

It may die, because people are for the "coin of the day" and cares about their $5 profits. I've said that more times than a 60-year old priest said "Amen".

That is a lie..

The dev said he is leaving LONG AGO because the community failed to support the coin.

HIS WORDS

And.. i was saying it was happening far before he admitted it and i can prove it.

Almost 2 years ago the price slumped and 95% of it's so called facade of a community bolted.
And still to this day you all lie your fucking ass off about it partying like it's 2013 still.

It never DID have a fucking community !
All it had was temporary short term traders looking to make a buck.
So when the popularity died off then the price started dropping like crazy there was an exodus
and i called it to the day exact day and posted a picture from Cryptsy as proof.
I said it has NOW begun..
And i was right !
After that it just dropped more and more as more & more users left..
and the chatter here went from all Doge topics on page 1 to 0

You are all deceitful bullshiting pigs lying & crying FUD for bucks here 24/7.
..or you are morons (or a vulgar combo of both)

You can't deny what i just fucking said retards.
The god damn fucking dev of the coin said it himself !
He announced he was leaving the project because the COMMUNITY FAILED TO SUPPORT THE COIN

So what do i see over & over like a broken record ?

LIEM OMGZ DOGE HAZ SUCH AGUD COMMUNITY !!!!

bull
mother
fucking
shit
SCAMMY
morons

And the rest of you are spewing retarded garbage galore making excuses.
Who do you think is eating up your stupid drivel ?

"cryptocurrencies does not need gimmicks to succeed" ?

What the fuck part of the Doge Meme is not a gimmick ?
Say more dumb shit guys.. please, it makes my balls tingle LOL

And no gimmicks are bad and Monero came out 2 years ago dumb ass's
So yeah LTC still could have been planning on copying the gimmick long ago.

100% of you are shit talking idiots.
All you do is spew shit and cry FUD for bucks.
making excuses for "bad" non stop.. so it lines your wallets.

Fumble over yourselves to pile on the ANON band wagon idiots i laugh at you
As i did with every other stupid trend that died here before.
I hope the FBI kicks your fucking doors in pricks that would amuse me LOL

Charlie supports Doge ? a scam coin ? ya that is smart LOL
I wonder how much money he made off joining in with the other losers bullshiting about doge ?
A crowd of predators that left kids holding the bag.. still to this day !

I am now quite sure that you suffer from schizophrenia or you are mostly writing your comments while drunk.

1. Last time I used (i.e. mined) DOGE was back in Q1/2015 and that's because of one simple reason: I had scrypt ASICs. I have NEVER traded DOGE. NEVER!
2. Its not your first time attacking me just because you have some schizophrenic thoughts that you KNOW everyone. I once told you that you should either grow up or FUCK OFF, but you conveniently did not answered.
3. Palmer leaving DOGE has nothing to do with community not being supportive. Maybe he saw that the hype was declining and found an excuse to leave the coin, but still that has nothing to do with the support of the community.
4. Like it or not, DOGE is still among the top coins in trade volume (if we exclude the volume of a few coins which are pumped every now and then).

DOGE is still breathing because of its enormous community and it is a living proof that cryptocurrencies does not need gimmicks to succeed. Only a troll can say that Litecoin is feeling threatened by some other coin/asset/token. Even if LTC completely dies, it will still be one of the best, because for one simple reason - it distances itself from the "tech race" and focuses on adoption. If Litecoin dies it would not be, because it was "not developed" (from the tech side), it will be because of the people's hypocrisy.

EDIT:


It may die, because people are for the "coin of the day" and cares about their $5 profits. I've said that more times than a 60-year old priest said "Amen".

But litecoin is not bitcoin. Even if bitcoin lacks certain technologies and features other altcoins and platforms have it was the first cryptocurrency and it may be cliche to say this but it has first mover advantage over the rest. Remember during the early years it was litecoin that started a sort of "gimmicks race" by making confirmation times faster and adding more in the total coin supply. Not even being the faster coin could make it surpass bitcoin. So maybe a new approach is to be taken and take the gimmicks race a step further. With litecoin's current infrastructure I believe it can take Ethereum a run for their money and get back to 2nd place.

Making a coin faster and increase its supply has nothing to do with gimmicks. Gimmicks are wallet design and chat, trade bots etc... things that are mostly creating hype.

[smoothie]

DOGE is still breathing because of its enormous community and it is a living proof that cryptocurrencies does not need gimmicks to succeed. Only a troll can say that Litecoin is feeling threatened by some other coin/asset/token. Even if LTC completely dies, it will still be one of the best, because for one simple reason - it distances itself from the "tech race" and focuses on adoption. If Litecoin dies it would not be, because it was "not developed" (from the tech side), it will be because of the people's hypocrisy.

EDIT:

I'm skeptical that adding CT will have adverse affects to LTC on a socioeconomic level.

CT is only part of the solution to privacy/anonymity.

Let's face it, the recent effect in anonymous coins is mostly because of hype (or over expectations). I do agree that it would not really affect LTC's price (unless certain groups decide something else). Bad thing is that in the past 2 years cryptocurrencies are restraining from adoption more and more. We have a new "gimmicks race", which probably leads to nowhere.

I do agree that in altcoins there is always has an ongoing "gimmick race" coming from most of them. But there is another way of looking at the situation. Without participating in the gimmicks race and pushing the development team into improving their respective coin projects then they might be left behind by their competitors. I believe if litecoin does nothing then it would be threatened to become a forgotten coin and die slowly. I know litecoin is still in a good position even if they do not participate in the gimmicks race but they might be in a better one if they do.

It may die, because people are for the "coin of the day" and cares about their $5 profits. I've said that more times than a 60-year old priest said "Amen".

Doge is not mostly dead because it was merge mined to litecoin. Hardly a "community" backing it if it needed litecoin miners to bail it out.