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Author Topic: [ANN][LTS] LiteShares  (Read 7678 times)
qcbear (OP)
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February 09, 2014, 03:17:35 AM
Last edit: February 10, 2014, 04:17:28 AM by qcbear
 #1

http://hk6c86cb.hkpic1.websiteonline.cn/upload/256_vwyM.png

Liteshares
    LTS has three significant differences. Firstly, LTS network can process a block every 4 minutes, it can provide faster transaction confirmation. Secondly, LTS network expected output 8000000 coins, it is unlike the commodities inflation. Thirdly , the quantity of the coins is gradually decreasing in the LTS blocks, miners will get some reward at the beginning, then the quantity of the coins is gradually decreasing in each block, it will tend to be stable When it's reduced to a certain degree, and finally stabilized a coin at each block, so the majority of the miners will also have a good income even in the late.

Liteshares (LTS) characteristic

    Firstly, LTS is not issued by any central bank, it's generated by the algorithm , the number is close to 8 million. The biggest problem for the currency is uncontrolled monetary high. Devaluation rate can depreciate more than half in a day. It is no wonder that the monetary theory master Friedman proposed to use the automation system instead of FED. LTS does have advanced the concept in this field, it will be more difficult for the inflation to occur .

     Secondly, the most important thing is that the virtual currency can be used to exchange with the legal tender of the reality. Liteshares and cash can be redeemed in Liteshares trading platform,and this platform is not rarely seen, thus truly establishing the Liteshares a real currency.

Thirdly, the circulation in the whole world. LTS is based on the network, so it can circulate in the world easily.

   Finally,Wallet encryption allows you to secure your wallet, so that you can view transactions and your account balance, but are required to enter your password before spending Liteshares.This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments.

Website
http://www.lite-shares.org

Block Explorer / Crawler
http://115.29.136.229:2750/

Contact
liteshare@outlook.com

SPECIFICATIONS

    PoW algorithm: Scrypt
    Retarget: 240 blocks
    Starting difficulty: 0.000
    Max supply: 8 million
    The coins situation is as follows
http://hk6c86cb.hkpic1.websiteonline.cn/upload/GAEVGC9ZTY7~ZWLK0_W56E2_JVb6.jpg

DOWNLOADS
Windows
http://hk6c86cb.hkpic1.websiteonline.cn/upload/LiteShares-Qt1_NAs1.rar

Linux 32
http://hk6c86cb.hkpic1.websiteonline.cn/upload/LiteShares%20linux32_eD2U.rar

Linux 64
http://hk6c86cb.hkpic1.websiteonline.cn/upload/LiteSharesd1%20Linux64_12MH.rar

Source Code
https://github.com/liteshares/liteshares

POOLS
http://115.28.163.168/index.php
http://115.28.100.122/index.php   

EXCHANGES
 
SOCIAL

Facebook
https://www.facebook.com/ben.steve.9887

1714862850
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chip99
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February 09, 2014, 03:19:20 AM
 #2



{
"version" : 1000000,
"protocolversion" : 70002,
"walletversion" : 60000,
"balance" : 0.00000000,
"blocks" : 2997,
"timeoffset" : 0,
"connections" : 1,
"proxy" : "",
"difficulty" : 7.67600124,
"testnet" : false,
"keypoololdest" : 1391915901,
"keypoolsize" : 101,
"paytxfee" : 0.00000000,
"mininput" : 0.00001000,
"errors" : ""
}



no thanks

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February 09, 2014, 03:21:46 AM
 #3

no thanks

lol.. game, set, match
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February 09, 2014, 03:23:42 AM
 #4

In other words,

Another shitcoin made from coingen.

Huntercoin: H9kttkrQidiQMG9NibmTgjgCKqWJMAkAXD
Riecoin: Like us on https://www.facebook.com/TheRiecoinCommunity
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February 09, 2014, 03:24:11 AM
 #5

3000 blocks already?

Nah, no pre-mine there at all! WTF!!!!!!
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February 09, 2014, 03:58:17 AM
 #6

 good coin. Grin Grin Grin
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February 09, 2014, 03:59:11 AM
 #7

no thanks
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%insert your text% soon!


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February 09, 2014, 04:00:50 AM
 #8

SCAMBUG COIN, MINERS BEWARE!
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February 09, 2014, 04:07:26 AM
 #9

care to elaborate on how it is a scamcoin?
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February 09, 2014, 04:30:12 AM
 #10

care to elaborate on how it is a scamcoin?

Two minutes after the coin was launched chip99 posted the current mining info. At block 2997 all of the high value blocks had already been premined. So dev dumps the 300,000 coins he premined and make this liteshares worthless. Leaving everyone else holding the bag.

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February 09, 2014, 04:34:08 AM
 #11

fair enough, I haven't received any payments yet so I'm getting ready to ditch it.
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February 09, 2014, 04:36:31 AM
 #12

shit coin Grin

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February 09, 2014, 04:37:18 AM
 #13

care to elaborate on how it is a scamcoin?

Two minutes after the coin was launched chip99 posted the current mining info. At block 2997 all of the high value blocks had already been premined. So dev dumps the 300,000 coins he premined and make this liteshares worthless. Leaving everyone else holding the bag.



you're right.

just a copycoin.I can not find anything new
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February 09, 2014, 04:46:01 AM
 #14


Liteshares
    LTS has three significant differences. Firstly, LTS network can process a block every 4 minutes, it can provide faster transaction confirmation. Secondly, LTS network expected output 8000000 coins, it is unlike the commodities inflation. Thirdly , the quantity of the coins is gradually decreasing in the LTS blocks, miners will get some reward at the beginning, then the quantity of the coins is gradually decreasing in each block, it will tend to be stable When it's reduced to a certain degree, and finally stabilized a coin at each block, so the majority of the miners will also have a good income even in the late.

Liteshares (LTS) characteristic

    Firstly, LTS is not issued by any central bank, it's generated by the algorithm , the number is close to 8 million. The biggest problem for the currency is uncontrolled monetary high. Devaluation rate can depreciate more than half in a day. It is no wonder that the monetary theory master Friedman proposed to use the automation system instead of FED. LTS does have advanced the concept in this field, it will be more difficult for the inflation to occur .

     Secondly, the most important thing is that the virtual currency can be used to exchange with the legal tender of the reality. Liteshares and cash can be redeemed in Liteshares trading platform,and this platform is not rarely seen, thus truly establishing the Liteshares a real currency.

Thirdly, the circulation in the whole world. LTS is based on the network, so it can circulate in the world easily.

   Finally,Wallet encryption allows you to secure your wallet, so that you can view transactions and your account balance, but are required to enter your password before spending Liteshares.This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments.


Your English was so bad that it put me off.

You pre-mined the highest valued blocks for yourself and expect us miners to mine your 'crumbs' at high difficulty.

Total scamcoin.

..C..
.....................
........What is C?.........
..............
...........ICO            Dec 1st – Dec 30th............
       ............Open            Dec 1st- Dec 30th............
...................ANN thread      Bounty....................

qcbear (OP)
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February 09, 2014, 05:09:17 AM
 #15


Liteshares
    LTS has three significant differences. Firstly, LTS network can process a block every 4 minutes, it can provide faster transaction confirmation. Secondly, LTS network expected output 8000000 coins, it is unlike the commodities inflation. Thirdly , the quantity of the coins is gradually decreasing in the LTS blocks, miners will get some reward at the beginning, then the quantity of the coins is gradually decreasing in each block, it will tend to be stable When it's reduced to a certain degree, and finally stabilized a coin at each block, so the majority of the miners will also have a good income even in the late.

Liteshares (LTS) characteristic

    Firstly, LTS is not issued by any central bank, it's generated by the algorithm , the number is close to 8 million. The biggest problem for the currency is uncontrolled monetary high. Devaluation rate can depreciate more than half in a day. It is no wonder that the monetary theory master Friedman proposed to use the automation system instead of FED. LTS does have advanced the concept in this field, it will be more difficult for the inflation to occur .

     Secondly, the most important thing is that the virtual currency can be used to exchange with the legal tender of the reality. Liteshares and cash can be redeemed in Liteshares trading platform,and this platform is not rarely seen, thus truly establishing the Liteshares a real currency.

Thirdly, the circulation in the whole world. LTS is based on the network, so it can circulate in the world easily.

   Finally,Wallet encryption allows you to secure your wallet, so that you can view transactions and your account balance, but are required to enter your password before spending Liteshares.This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments.


Your English was so bad that it put me off.

You pre-mined the highest valued blocks for yourself and expect us miners to mine your 'crumbs' at high difficulty.

Total scamcoin.
not my english. It was the author.
when you enter it. you can see the website. also you can contact the author on facebook.
even you can see the block while on website. as a miner i know that no pre-mine in my eyes.
believe it or not is in your mind.
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February 09, 2014, 05:10:51 AM
 #16

SCAMBUG COIN, MINERS BEWARE!

virus confirmed in wallet ?

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February 09, 2014, 05:21:24 AM
 #17

CPU or GPU?
qcbear (OP)
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February 09, 2014, 05:26:01 AM
 #18

LTS mining 350000 so far, only 4.4% LTS has been minered.
the author does not publish LTS at the first. It's a fault.
the high reward LTS is minered by miners, not the author.
at this time a miner instead of the author publish LTS on bitcointalk, welcome to the new land.
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February 09, 2014, 05:48:04 AM
 #19

lol premined and instamined.
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February 09, 2014, 06:35:41 AM
 #20

another chineses coin!
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