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Author Topic: User Luke-Jr claims Litecoin is a "quick pump and dump scheme" on Wikipedia  (Read 8255 times)
bitcoiners
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May 01, 2013, 02:52:39 PM
 #81

Luke is right. The only reason people buy it is to make a profit off how volatile it is. Don't kid yourself in thinking it is as good as bitcoin. Think in terms of all of the COD clones, did they ever actually succeed in being the new popular game? No, because they brought nothing substantially new to the table. COD always won over the market, just like bitcoin does and will.

Agreed. I encourage people to mine LTC if it's profitable for them to do so, but it's sad that some people are actually investing in Litecoin. Litecoin and other near-exact Bitcoin clones have no chance of going anywhere, and it's a tragedy that people are spending time on them rather than Bitcoin or an altcoin that actually improves significantly on Bitcoin. There are so many interesting things that an altcoin could do, but people waste time on these tiny Bitcoin modifications...

All I know is I see a lot of butthurt from very big names in the Bitcoin community.

Saving your words for after LTC hits Gox.  You do know it is going to Gox right?  

I believe this is where we are:

"First they ignore you, then they laugh at you, then they fight you, then you win."

We are about to move to win folks.  Cheers.
bitcoiners
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May 01, 2013, 03:31:51 PM
 #82

I've made a poll on the speculation sub for the LTC/BTC exchange rate on Gox.

https://bitcointalk.org/index.php?topic=192568.0

Please vote!

Cheers
triciam
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May 01, 2013, 07:39:36 PM
 #83


All I know is I see a lot of butthurt from very big names in the Bitcoin community.

Saving your words for after LTC hits Gox.  You do know it is going to Gox right?  

I believe this is where we are:

"First they ignore you, then they laugh at you, then they fight you, then you win."

We are about to move to win folks.  Cheers.

+1 to that! 
Luckybit
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May 01, 2013, 07:48:22 PM
 #84

Litecoin is a scheme to water down the value of Bitcoin by producing a 400million coins and then taking away the miners. Litecoin is an inferior coin because theres over 400 million.
tacotime
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May 01, 2013, 07:52:53 PM
 #85

Litecoin is a scheme to water down the value of Bitcoin by producing a 400million coins and then taking away the miners. Litecoin is an inferior coin because theres over 400 million.

Litecoin converges to a total of 84 million coins.  Maybe you're thinking of NVC/PPC, where coin generation is fairly random because it's based on network hash rate.

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
bitcoiners
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May 02, 2013, 02:24:11 AM
 #86

Litecoin is a scheme to water down the value of Bitcoin by producing a 400million coins and then taking away the miners. Litecoin is an inferior coin because theres over 400 million.

Wow! Talk about another uniformed person commenting on Litecoin!  Go figure!  Next you'll tell us LTC is a pump and dump because the bitcoin wiki says so!

LOL @ idiots.
darkmule
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May 02, 2013, 04:02:27 AM
 #87

Litecoin is a scheme to water down the value of Bitcoin by producing a 400million coins and then taking away the miners. Litecoin is an inferior coin because theres over 400 million.

Wow! Talk about another uniformed person commenting on Litecoin!  Go figure!  Next you'll tell us LTC is a pump and dump because the bitcoin wiki says so!

LOL @ idiots.

The wiki only says that because Puke-Jr immediately reverts any change to his lies.
Rubberduckie
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May 02, 2013, 04:08:52 AM
 #88

No word from Luke himself still, probably too busy reading his bible so he can misinterpret it as "alt coins are a threat to my wealth" Smiley

El Cabron
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May 02, 2013, 04:35:10 AM
 #89

No word from Luke himself still, probably too busy reading his bible so he can misinterpret it as "alt coins are a threat to my wealth" Smiley

He might think the same thing about BTC to be honest. Just pump and dump.

Luke has at least worked on and helped improve LTC, he also holds LTC.

Theymos on the other hand lol! Sometimes it is better not to speak at all.  Wink

Sorry El Cabron, you are banned from posting or sending personal messages on this forum.
Trolling
https://bitcointalk.org/index.php?topic=622250.msg7030081#msg7030081
neofutur
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May 13, 2013, 10:39:31 PM
 #90

Luke-jr may be wrong on Litecoins but you should all respect him and not badmouth him (Radacoin). Have you read the #bitcoin-dev log from the March 11/March 12 hardfork event?? Luke-jr was the guy taking the lead on the solution. He is the reason that you are still wealthy if any of you were smart enough to buy BTC at low prices! A thank you would be in order.

http://bitcoinstats.com/irc/bitcoin-dev/logs/2013/03/12

 Luke-jr is also the guy who maintain the bitcoin gentoo ebuild, and cgminer is the best miner I found ( and I use it for mining LTC ).

 I dont agree with him concerning litecoin, but I think we should all respect him for all his good work. Litecoin user or not we all need bitcoin, and luke is a useful guy in the community.

 Everyone is allowed to have an opinion in this community ! Lets all try to stay civil !

centenary
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May 13, 2013, 10:57:44 PM
 #91

Luke-jr may be wrong on Litecoins but you should all respect him and not badmouth him (Radacoin). Have you read the #bitcoin-dev log from the March 11/March 12 hardfork event?? Luke-jr was the guy taking the lead on the solution. He is the reason that you are still wealthy if any of you were smart enough to buy BTC at low prices! A thank you would be in order.

http://bitcoinstats.com/irc/bitcoin-dev/logs/2013/03/12

 Luke-jr is also the guy who maintain the bitcoin gentoo ebuild, and cgminer is the best miner I found ( and I use it for mining LTC ).

 I dont agree with him concerning litecoin, but I think we should all respect him for all his good work. Litecoin user or not we all need bitcoin, and luke is a useful guy in the community.

 Everyone is allowed to have an opinion in this community ! Lets all try to stay civil !



Er, cgminer is done by ckolivas.  Luke-jr is responsible for BFGMiner.  BFGMiner is a fork of cgminer, but Luke-jr is now trying to claim that cgminer has forked BFGMiner for trolling reasons.  I'm not even making that up, go check out his post about it: https://bitcointalk.org/index.php?topic=168174.msg1758702#msg1758702
limitless
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May 13, 2013, 11:03:00 PM
 #92

Luke jr is an asshole!

My yacoin giveaway: https://bitcointalk.org/index.php?topic=199716.0 - Need more people to donate in order to keep it going.
My yacoin bounty thread: https://bitcointalk.org/index.php?topic=200252.0 - If you want to add bounties, just post here.
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darkmule
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May 13, 2013, 11:04:29 PM
 #93

Everyone is allowed to have an opinion in this community ! Lets all try to stay civil !

Vandalizing Wikipedia with libelous statements about other people isn't "civil."

That someone has done one or more good things does not give them some kind of magical immunity for all future despicable actions.
justabitoftime
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May 13, 2013, 11:40:40 PM
 #94

Everyone is allowed to have an opinion in this community ! Lets all try to stay civil !

Vandalizing Wikipedia with libelous statements about other people isn't "civil."

That someone has done one or more good things does not give them some kind of magical immunity for all future despicable actions.

You make far too much sense for this forum. Watch out, I see the pitchforks heading your way.

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May 14, 2013, 02:25:44 AM
 #95

Luke-jr may be wrong on Litecoins but you should all respect him and not badmouth him (Radacoin). Have you read the #bitcoin-dev log from the March 11/March 12 hardfork event?? Luke-jr was the guy taking the lead on the solution. He is the reason that you are still wealthy if any of you were smart enough to buy BTC at low prices! A thank you would be in order.

http://bitcoinstats.com/irc/bitcoin-dev/logs/2013/03/12

 Luke-jr is also the guy who maintain the bitcoin gentoo ebuild, and cgminer is the best miner I found ( and I use it for mining LTC ).

 I dont agree with him concerning litecoin, but I think we should all respect him for all his good work. Litecoin user or not we all need bitcoin, and luke is a useful guy in the community.

 Everyone is allowed to have an opinion in this community ! Lets all try to stay civil !



Er, cgminer is done by ckolivas.  Luke-jr is responsible for BFGMiner.  BFGMiner is a fork of cgminer, but Luke-jr is now trying to claim that cgminer has forked BFGMiner for trolling reasons.  I'm not even making that up, go check out his post about it: https://bitcointalk.org/index.php?topic=168174.msg1758702#msg1758702
This is the one where he himself said it was a fork when he did the fork ... and changed the donation address from ckolivas to himself ...
https://github.com/luke-jr/bfgminer/commit/b9df56511c7bd1a2e1f075e9c184c1a4b0f1ba20

He also recently moved his name to the top of the AUTHORS file ... lulz
https://github.com/luke-jr/bfgminer/commit/4be5066f373aadceae425c3ac45f01bd7cf3fce8
The most amusing part about that is how much code he still copies from cgminer for his releases.

The litecoin C code in cgminer was written by ckolivas and copied to the clone.

Pool: https://kano.is - low 0.5% fee PPLNS 3 Days - Most reliable Solo with ONLY 0.5% fee   Bitcointalk thread: Forum
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The ONLY active original developer of cgminer. Original master git: https://github.com/kanoi/cgminer
Simran
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May 14, 2013, 02:32:15 AM
 #96

Go to http://LukeJr.com and/or http://Luke-Jr.com

fuck him

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El Cabron
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May 14, 2013, 08:41:22 AM
 #97


i loled.

after all he does hold 1337 ltc Smiley

Sorry El Cabron, you are banned from posting or sending personal messages on this forum.
Trolling
https://bitcointalk.org/index.php?topic=622250.msg7030081#msg7030081
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