[LTC] Litecoin Core Development Fundraising

[wizzardTim]

Just donated 1 LTC as promised. (Transaction id 60951022301f466cef9ecd7dbb7b5f7f6a2ae02f39eb99149b5998894a7b75e2)

It was my first LTC that I've mined. May it bring us all luck, health and happiness 

Keep up the good work guys.

thanks

[1714078619]

1714078619

[bitcoiners]

Guys can you post updates about the developing process, I am really excited about the hole thing and would like to see this topic with regular updates, and I think I am not the only one here. thank you

We are preparing a big announcement that should go out in a few days.  Good news.  It was a surprise to us.

I hope this is big news as LTC seems to be rallying in price because of this statement.  It was number one on /r/litecoin all day. Hopefully it's not about Gox as they have been promising LTC for months and that's not much of a surprise.  I just hope this isn't a false pump in price.  Any chance you are going to tell us soon?

[adpinbr]

Their devs are not business unions this shit aint got nothing to do with gox and would you greedy fucks please stop caring about the market price? is that all what crypto currency is about? How about being super excited because they realized that they can set up a miner incentive based on block rewards only and reduce transactions fees to spam-detering prices only, and with some bolian algebra delete the fees altogether until the block reward depletes? No one here gives a shit about anything but their profits I'm leaving bitcoin and off to kill myself :p

[jubalix]

Their devs are not business unions this shit aint got nothing to do with gox and would you greedy fucks please stop caring about the market price? is that all what crypto currency is about? How about being super excited because they realized that they can set up a miner incentive based on block rewards only and reduce transactions fees to spam-detering prices only, and with some bolian algebra delete the fees altogether until the block reward depletes? No one here gives a shit about anything but their profits I'm leaving bitcoin and off to kill myself :p

market price is some sort of indicator of success so it is an important measure that discount a lot of variables.

Also I have donated, but I am not sure why DEV would just not release the news rather than say their is news and the not. release it. I mean even if it is still speculative/beta or whatever, they could tell us with caveats about issues.

Historically anything truly innovative is released and at least 50% of people reject it. Look at the early crypto discussions  forum when Satoshi released his white paper.

I hope I'm wrong.

[bitcoiners]

would you greedy fucks please stop caring about the market price?

Um, if the object was to boost market price during a fundraising so the devs can make more money then YES it's a legitimate concern that has nothing to do with what I can sell for because I'm not selling

Anyways, still waiting for this "GREAT NEWS".  Try an see the forest for the trees.

[carpetbagger]

Sent a couple of coins. Thanks devs.

[wtogami]

We have good news, that has nothing to do with the market price.  Just been too slow in writing stuff because I want to include many details of the development plan at the same time as the good news.

I suggest that people are too concerned about short-term fluctuations based entirely on speculation.  Vendor integration is the only thing that will make Litecoin more valuable in the long-term.

[Bakemono]

The actual good news are that there are developers showing some love to LTC.
And that pretty much guarantees that more good news like what wtogami is going to announce will follow. 

[bitcoiners]

We have good news, that has nothing to do with the market price.  Just been too slow in writing stuff because I want to include many details of the development plan at the same time as the good news.

I suggest that people are too concerned about short-term fluctuations based entirely on speculation.  Vendor integration is the only thing that will make Litecoin more valuable in the long-term.

Again this looks like more of a price pump, again.  In the time it took you to write that post you could easily tell us what the "great news" is.  Lol, "This and this is happening"  Wow.  Took so long.

Sorry for being a cynic but I've seen this all before.

[wtogami]

We have good news, that has nothing to do with the market price.  Just been too slow in writing stuff because I want to include many details of the development plan at the same time as the good news.

I suggest that people are too concerned about short-term fluctuations based entirely on speculation.  Vendor integration is the only thing that will make Litecoin more valuable in the long-term.

Again this looks like more of a price pump, again.  In the time it took you to write that post you could easily tell us what the "great news" is.  Lol, "This and this is happening"  Wow.  Took so long.

Sorry for being a cynic but I've seen this all before.

You are a crazy conspiracy theorist. If you read my posts, I talk about how the current network is a bit scary as the reference client hasn't been updated in almost a year.  How the heck is this pumping the price?

https://plus.google.com/104307324656397909502/posts
The dev's job is to fix technical problems, as our top concern is the long-term safety and stability of the network.  We are being very careful in fixing and testing things.  We announce things when they are ready.  Little bits are increasingly being posted here.  There will be more soon.  When it's ready.

[bitcoiners]

We have good news, that has nothing to do with the market price.  Just been too slow in writing stuff because I want to include many details of the development plan at the same time as the good news.

I suggest that people are too concerned about short-term fluctuations based entirely on speculation.  Vendor integration is the only thing that will make Litecoin more valuable in the long-term.

Again this looks like more of a price pump, again.  In the time it took you to write that post you could easily tell us what the "great news" is.  Lol, "This and this is happening"  Wow.  Took so long.

Sorry for being a cynic but I've seen this all before.

You are a crazy conspiracy theorist. If you read my posts, I talk about how the current network is a bit scary as the reference client hasn't been updated in almost a year.  How the heck is this pumping the price?

You said you have "some surprising good news"  Well what is it?  This isn't about dev obviously.  This isn't some conspiracy theory it's what you said. And the price of LTC has shown that since your statement.  Are you ready to tell us this GREAT NEWS?  Or are you still trying to get a better price for your donations?  It isn't that hard. Why are you avoiding it?

Edit: Why are you avoiding telling us this supposedly GREAT NEWS?

[bitcoiners]

Guys can you post updates about the developing process, I am really excited about the hole thing and would like to see this topic with regular updates, and I think I am not the only one here. thank you

We are preparing a big announcement that should go out in a few days.  Good news.  It was a surprise to us.

And tomorrow the difficulty of BTC jumps almost 30%.  LTC is a less profitable coin to mine than others right now.  Coincidence?

Sorry if I'm feeling jaded at this moment but...

[wtogami]

And tomorrow the difficulty of BTC jumps almost 30%.  LTC is a less profitable coin to mine than others right now.  Coincidence?

Sorry if I'm feeling jaded at this moment but...

News Flash: Mining profitability has nothing to do with the value of the coin as a medium of exchange in commerce.  Fluctuations in price are meaningless as they are not based on any change in fundamental value.

I really appreciate that there is the "Ignore" button on the left.

[matauc12]

And tomorrow the difficulty of BTC jumps almost 30%.  LTC is a less profitable coin to mine than others right now.  Coincidence?

Sorry if I'm feeling jaded at this moment but...

News Flash: Mining profitability has nothing to do with the value of the coin as a medium of exchange in commerce.  Fluctuations in price are meaningless as they are not based on any change in fundamental value.

I really appreciate that there is the "Ignore" button on the left.

If you read that guys post history(don't waste your time doing it, especially if your faith on humanity isn't already strong) you really don't wonder why his ignore button flashes. Every post is idiotic at best. Straight up stupid and delusional on average.

Its not too hard to put 1 and 1 together and understand that its a "network improvement'' news coming. And reading between the lines without speculating too much, one would guess a major client release (which is GREAT news as it was one of the main complaints of litecoin that it was running on old client).

But hey, stupid is stupid.

[bitcoiners]

And tomorrow the difficulty of BTC jumps almost 30%.  LTC is a less profitable coin to mine than others right now.  Coincidence?

Sorry if I'm feeling jaded at this moment but...

News Flash: Mining profitability has nothing to do with the value of the coin as a medium of exchange in commerce.  Fluctuations in price are meaningless as they are not based on any change in fundamental value.

I really appreciate that there is the "Ignore" button on the left.

And so you won't tell us what this "surprising good news" is?  Wow.

[bitcoiners]

And tomorrow the difficulty of BTC jumps almost 30%.  LTC is a less profitable coin to mine than others right now.  Coincidence?

Sorry if I'm feeling jaded at this moment but...

News Flash: Mining profitability has nothing to do with the value of the coin as a medium of exchange in commerce.  Fluctuations in price are meaningless as they are not based on any change in fundamental value.

I really appreciate that there is the "Ignore" button on the left.

If you read that guys post history(don't waste your time doing it, especially if your faith on humanity isn't already strong) you really don't wonder why his ignore button flashes. Every post is idiotic at best. Straight up stupid and delusional on average.

Its not too hard to put 1 and 1 together and understand that its a "network improvement'' news coming. And reading between the lines without speculating too much, one would guess a major client release (which is GREAT news as it was one of the main complaints of litecoin that it was running on old client).

But hey, stupid is stupid.

And the above speculation is speculation.  How is mine different?  Wow.

[jubalix]

The actual good news are that there are developers showing some love to LTC.
And that pretty much guarantees that more good news like what wtogami is going to announce will follow.  

Thats a valid point actually having known good DEVS, this why PPC will do well, and I have some!

[wtogami]

And tomorrow the difficulty of BTC jumps almost 30%.  LTC is a less profitable coin to mine than others right now.  Coincidence?

Sorry if I'm feeling jaded at this moment but...

News Flash: Mining profitability has nothing to do with the value of the coin as a medium of exchange in commerce.  Fluctuations in price are meaningless as they are not based on any change in fundamental value.

I really appreciate that there is the "Ignore" button on the left.

If you read that guys post history(don't waste your time doing it, especially if your faith on humanity isn't already strong) you really don't wonder why his ignore button flashes. Every post is idiotic at best. Straight up stupid and delusional on average.

Its not too hard to put 1 and 1 together and understand that its a "network improvement'' news coming. And reading between the lines without speculating too much, one would guess a major client release (which is GREAT news as it was one of the main complaints of litecoin that it was running on old client).

But hey, stupid is stupid.

Please stop guessing.  No major software release to the public this week.  The news has nothing to do with a release or exchange value.

[bitcoiners]

And tomorrow the difficulty of BTC jumps almost 30%.  LTC is a less profitable coin to mine than others right now.  Coincidence?

Sorry if I'm feeling jaded at this moment but...

News Flash: Mining profitability has nothing to do with the value of the coin as a medium of exchange in commerce.  Fluctuations in price are meaningless as they are not based on any change in fundamental value.

I really appreciate that there is the "Ignore" button on the left.

If you read that guys post history(don't waste your time doing it, especially if your faith on humanity isn't already strong) you really don't wonder why his ignore button flashes. Every post is idiotic at best. Straight up stupid and delusional on average.

Its not too hard to put 1 and 1 together and understand that its a "network improvement'' news coming. And reading between the lines without speculating too much, one would guess a major client release (which is GREAT news as it was one of the main complaints of litecoin that it was running on old client).

But hey, stupid is stupid.

Please stop guessing.  No major software release to the public this week.  The news has nothing to do with a release or exchange value.

And matauc12 ends up being the idiot.  Too funny.

[wtogami]

Litecoin Dev Fundraiser: 5,000 LTC Matching Donation Challenge
A big sponsor who wishes to be anonymous is willing to support the Litecoin Development Team.  They are offering a challenge grant where if we receive an additional 5,000 LTC in community donations by June 18th noon GMT, the anonymous sponsor will match with an additional 5,000 LTC.  These combined funds will go a long way toward enabling long-term development of the Litecoin software and related vendor integration tools.

The dev team donations prior to the challenge amount to 3,059.8868 LTC at LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3.  The challenge will be complete when gross received funds at this address reach 8,059.8868 LTC.  Bitcoins donated to 1KD5tt1p3mdZH8DDXeEwdsJNpiwUZCfzkF converted and deposited to the LTC address count toward the challenge.

https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0
A list of sponsors, donations, and expenses of the Litecoin development project are listed here.  If you contact Warren with your txid and cryptographic signature proving ownership of the sending address, we may add your name or business name to the sponsor list, at our discretion. 

“The 5,000 LTC matching challenge funds is currently sequestered at LXhTDTv1cwGUb67DX88xtkQriYWmTFAVyr.”
Cryptographic signature of the quoted string proving the matching challenge funds: G/JW/UyKeN/Uplj1EVa2gmOZBN9g4FXXvNRHCnHJAdv7rtVMDX1pmfrpyLW47LaVKj7uPAfT/hKQuoMVJwPn/b4=

The identity of the anonymous sponsor will be revealed later.

Note from Warren: It is technically Tuesday June 4th, 2013 11:03PM HST at my current location. =)