[ANN][LCC] Litecoin Cash | SHA256 LTC fork @ block 1371111 | 10:1 claim ratio

[laris2]

is it an official fork from litecoin dev?

No, and the team has been quite up front about that.

The premine is the only thing that bothers me about this. Depending on how it's used, it might turn out ok. If, as a previous poster posited, they just dump it, then it will go nowhere.

We are not interested in dumping. The premine will be to a highly visible vanity address on block 1371112 so you can easily keep an eye on it. Our intention is a very gradual sale to fund future development indefinitely.

And now some breaking news courtesy of Mercatox: They hope to credit LTC holders with LCC - which makes them our first confirmed market. (News link)

Watch this space for more exchange support very soon.

I doubt they will dump the coin, and rather focus on long term developement and adding features like wallets, exchanges and other support.

[TalkBitcoinsCom]

For Mercatox, definitely this is a great opportunity to pull in new users, so LTC having such a huge community, Mercatox probably making a good move about this.

[bitChipper]

is it an official fork from litecoin dev?

No, and the team has been quite up front about that.

The premine is the only thing that bothers me about this. Depending on how it's used, it might turn out ok. If, as a previous poster posited, they just dump it, then it will go nowhere.

We are not interested in dumping. The premine will be to a highly visible vanity address on block 1371112 so you can easily keep an eye on it. Our intention is a very gradual sale to fund future development indefinitely.

And now some breaking news courtesy of Mercatox: They hope to credit LTC holders with LCC - which makes them our first confirmed market. (News link)

Watch this space for more exchange support very soon.

The premine bothers me as well, but im with you in that its a freeroll for us...why not keep the coins and see what happens right? If they want to shoot themselves in the foot then fine, but I doubt they will.

Mercatox is a great start btw, glad to see this

[creuz]

is it an official fork from litecoin dev?

No, and the team has been quite up front about that.

The premine is the only thing that bothers me about this. Depending on how it's used, it might turn out ok. If, as a previous poster posited, they just dump it, then it will go nowhere.

We are not interested in dumping. The premine will be to a highly visible vanity address on block 1371112 so you can easily keep an eye on it. Our intention is a very gradual sale to fund future development indefinitely.

And now some breaking news courtesy of Mercatox: They hope to credit LTC holders with LCC - which makes them our first confirmed market. (News link)

Watch this space for more exchange support very soon.

The premine bothers me as well, but im with you in that its a freeroll for us...why not keep the coins and see what happens right? If they want to shoot themselves in the foot then fine, but I doubt they will.

Mercatox is a great start btw, glad to see this

Really ?
https://bitcointalk.org/index.php?topic=1662702.620

In my opinion, if you really want to have a chance of being something in the crypto world, start by chosing carefully the exchanges : better none than scammers.

Poloniex is on my blacklist, and for what I read about Mercatox you should think twice before collaborating with them...

[MinermanNC]

Not sure what to think about all of this lol

Might mine it for a day or 2 real hard but any sizable SHA256 farm could leave us with scraps. Dark Gravity adjustments make it less likely they would jump in.

Time will tell. Don't see a practical use for another coin of this sort... pretty much already have similar coins

[crowetic]

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We will post the port and an example connection string once everything is live.

Thank you!

[username12345]

i love this.

i hope the bitcoin segwit fangirls cry harder now and call this Lcash too

[Cookie.Monsters]

I hold LTC for litepay, coming at 26.02, and not for LCC, anyway

Me too , This is the real reason why LTC surges , LTC just fine and no need to stupid fork to improve it

I'm thinking the same way.

I would say: LTC might have primarily surged / surges cause of Litepay, but LCC is helping LTC in the following way:

1. Some see two reasons to buy LTC before fork, even if the LCC reason is considered much weaker of an argument than Litepay, it is still a supportive argument
2. LTC is being simply pulled of the exchanges to collect LCCs
  2a. This might have created a (slight) virtual shortage of LTC being sold
  2b. (Casual) day-traders might stop day-trading for a day or two to collect LCC, leaving mostly long/mid-term traders in action, making the virtual shortage of LTC (from previous point) more prominent (i.e., not many are really selling any LTC for a "reasonable" price at any given moment of a day)
  2c. With LTC "partly gone" from the exchanges, all orders of these LTC owners are gone, even the invisible, stop loss ones => among other things, less panicking (not that there is some currently, but heavy profit collecting could have happened with LTC already, LCC helped that not to happen to the extent it could have happened)

[rgsnedds]

is it an official fork from litecoin dev?

No, and the team has been quite up front about that.

The premine is the only thing that bothers me about this. Depending on how it's used, it might turn out ok. If, as a previous poster posited, they just dump it, then it will go nowhere.

I'm apprehensive about which exchanges this coin lands on.

Wouldn't it be better to hold off and wait for a half-decent exchange than to immediately link with any exchange that will have it?
I'm interested to mine this, but I'd rather see it on an exchange which carries a bit of volume first.

The Dev team should show us a leap of faith and use their own initial capital To have the coin listed on bittrex or binance... or at least.. an exchange which carries a bit of volume. I'm not registering for Mercatox just to allow me to mine this. I will wait for a decent exchange to point my miners at this.

[rgsnedds]

A QUICK HEADS UP ON MERCATOX... for those who want quick turnaround on their LTC / LCC...

see this...
https://mercatox.com/news/ltc-processing-upgrade

[Fenboy]

You don’t need an exchange to point your miners - you need a pool. Exchange is to sell your mined coins

[rgsnedds]

You don’t need an exchange to point your miners - you need a pool. Exchange is to sell your mined coins

Nice to know 

Now please advise me what is the point of mining if I can't sell the coins?

[TalkBitcoinsCom]

тaк cкaжiть бyдь лacкa тoчнo mercatox.com бyдe poздaвaти тoкeни LCC чи нi?

no habla espanol dude!

[LitecoinCashOfficial]

BREAKING NEWS: TradeSatoshi.com confirms market and coin swap!

[vabchgent]

The practice of stealing coin names and benefiting from other people's work has become a widely understood convention?

[wozzzzz]

someone told me this litecoin fork is a scam?? not going to happen??
anyone know anything about this??

[w5pn73]

BREAKING NEWS: TradeSatoshi.com confirms market and coin swap!

Getting on a small mini exchange like tradesatoshi is breaking news for you?
No real exchange is supporting you?

someone told me this litecoin fork is a scam?? not going to happen??
anyone know anything about this??

It's a scam in the sense this developer has nothing to do with litecoin, but he likes you to think he does. He's just copying other people's work.

[wozzzzz]

so will litecoin actually fork or not?

[wheelz1200]

so will litecoin actually fork or not?

Litecoin wont fork, litecoin will still be litecoin.  What is being done here is what anyone can do fork off litecoin and call it litecoin making you believe its a split of litecoin.  Just another tactic people for some reason buy into

[BornBlazed]

Is there a way too tell this fork is really going too happen and not a fake too pump LTC? Can a block Explorer tell me?