[ANN] Bitcoin Lite - Decentralized True Lite Version Of Bitcoin

[gizane]

Yes, I have the same question

[BitcoinXAG]

Hello,
I'm just a little curious about this coin name, is there any special relationship between Bitcoinlite and Bitcoin?
Or this is just some similarity without sharing any special relationship.
Thanks.

Basically bitcoin is mined only
Bitcoin Lite is not mined but Its Staked meaning you get returns for holding the coins.

Thanks

[project earth]

do i need always run wallet to stake it,or i can turn it off?

[BitcoinXAG]

do i need always run wallet to stake it,or i can turn it off?

Yea you can open it anytime it will be there the stake you would get will be high after a month or so...

[IkilledMyHoney]

This way how to list his bounty how, why only post just post his wallet address,

[coin_miner21]

It looks an interesting project. I wonder what algorithm you use for your POW part. Is it the same as bitcoin, sha256?

[leslie4u]

There are so many questions raised by people and I really think that the dev needs to step up and address all those questions or better update the responses on the main thread. People keep asking why 2 different coins were launch by the dev at the same time with same intentions hovering around each of them. People want to know the purpose of this coin, when it will be on the exchange, how the inflation will be handled with such high APR and so on and so forth. Seems like either the dev is busy with making some serious plans for these 2 coins that he launched or this is such another scam coin. I don't know, but if I was the dev and if people had so many doubts and questions, I would address them all for the future of this project.

I still hope that the Dev gets back with all the queries that people have and try to explain them in a most efficient way than giving superficial answers.

Thanks

[BitcoinXAG]

There are so many questions raised by people and I really think that the dev needs to step up and address all those questions or better update the responses on the main thread. People keep asking why 2 different coins were launch by the dev at the same time with same intentions hovering around each of them. People want to know the purpose of this coin, when it will be on the exchange, how the inflation will be handled with such high APR and so on and so forth. Seems like either the dev is busy with making some serious plans for these 2 coins that he launched or this is such another scam coin. I don't know, but if I was the dev and if people had so many doubts and questions, I would address them all for the future of this project.

I still hope that the Dev gets back with all the queries that people have and try to explain them in a most efficient way than giving superficial answers.

Thanks

If it was scam project it would have crowdfunding etc i have not asked anything.. And i have been giving bounties religiously to people over 200 on the same day..
I wanted to create something better for crypto community people as bitcoin's price is above 4500 its difficult for everyone to buy bitcoins so this would actually help create something similar in the long run as it has pos ,a better name , And it would have 24/7 support from me for any technical issue Also i'll include mac wallet and android in the near future.

[nshrd]

can you please create block explorer?

[jtalk]

What is the purpose of creation of this coin when there is already well established and strong Litecoin out there since years ? What do you mean by saying true lite version of Bitcoin. Where it will be used for and support and adaption who will bring in this if I believe this is good as really does what you says. Better put your energies to something more viable and everyone will support you.

[BitcoinXAG]

What is the purpose of creation of this coin when there is already well established and strong Litecoin out there since years ? What do you mean by saying true lite version of Bitcoin. Where it will be used for and support and adaption who will bring in this if I believe this is good as really does what you says. Better put your energies to something more viable and everyone will support you.

Litecoin is only mineable through Gpu Because of the high difficulty i did realized that if litecoin reaches even 1000 it has to be profitable for miners to mine litecoins and all the similar version of scrypt it would not be much profitable in long run as it does not have Proof of stake it would be difficult for miners to earn well on mining and this makes the future of litecoin very uncertain.
And bitcoin lite isn't Mineable through gpu but staked as POS is very common but not used in many main stream coins plus bitcoin lite has 35% extra to stake every year I would also be working on to include an android version in near future.

[Oleg2507]

Tell me on what basis You make coins for posting on social networks?

[BitcoinXAG]

Tell me on what basis You make coins for posting on social networks?

It would be updated on the website when bitcoin lite web work is done.

Thanks for writing

[zoga]

Hello, tell me on which exchanges the currency will be added?
Thank you 

[BitcoinXAG]

Hello, tell me on which exchanges the currency will be added?
Thank you 

https://bitcointalk.org/index.php?topic=2099470.0

Hi you can find it on tradesatoshi.com/vote

[794259332]

why need this coin??h

[BitcoinXAG]

why need this coin??h

Hi Because it pays you 35% Interest every year has a better name and a dev who can always look after the block chain to work smoothly.

[AzCrTe]

no more pow blocks

[BitcoinXAG]

no more pow blocks

Hi PoW ended at 1200 Now its Proof Of Stake High Interest of 35% On Capital The PoS Will Reward The Holders.

[CryptoViki]

Hello, tell me on which exchanges the currency will be added?