Re: [ANN] ★LiteBar★ [LTB] - Rare Coin - Growing Fast - Now on CRYPTSY!

[nrg_wolf]

I agree that x11 should be implemented.  The way i see it, if newer coins don't adapt the technology, they will surely be doomed.

X11 algo is alot more ASIC resistant compared to scrypt-N... considering most people display the difficulty curve of scypt-n which could very well allow ASIC developers to "MOD" or redesign scrypt ASIC miners to do that algo as well.

[1714845633]

1714845633

[Scooby903]

OP has been updated with the Mac wallet! 

I'll add my .02 about ASICs once I've had a chance to give it some thought...

[PondSea]

Bought up most of the sell wall up to 0.0015 yesterday on crytorush.

I think x11 is the way to go.

Love having not sweating in my living room for a change lol

[QuadraQ]

I don't really have anything against X11, but the reasons I suggested Scrypt-N instead are as follows:

1. It's easier to implement (very closely related to Scrypt, so less work for the developer).
2. It's more widely supported by mining software than X11 at this point.
3. It's adjustable, so if Scrypt:2048 (the current level VertCoin and others use) isn't enough in a couple of years, it can be adapted as many times as needed to stay ahead of ASIC's.
4. The mining period for LiteBar is very short at only 5 years. Scrypt-N provides plenty of ASIC resistant properties to cover that short period of time.
5. This is debatable, but Scrypt-N is more "proven" then X11. It's been suggested by some (including the LiteCoin developers) that the X11 algorithm is more easily translated into ASIC hardware than other ASIC resistant efforts.

I know X11 is the new hotness, and I agree it would be a step up from Scrypt, but transitions like this are already challenging.
LiteBar is starting to show some growth, so it's important to not change things too drastically or too quickly.

The good news is that we're several months away from Scrypt ASIC hardware still, and most of it will be pointed at LiteCoin at first. So there's some time to deal with any potential threat.

[nrg_wolf]

I don't really have anything against X11, but the reasons I suggested Scrypt-N instead are as follows:

1. It's easier to implement (very closely related to Scrypt, so less work for the developer).
2. It's more widely supported by mining software than X11 at this point.
3. It's adjustable, so if Scrypt:2048 (the current level VertCoin and others use) isn't enough in a couple of years, it can be adapted as many times as needed to stay ahead of ASIC's.
4. The mining period for LiteBar is very short at only 5 years. Scrypt-N provides plenty of ASIC resistant properties to cover that short period of time.
5. This is debatable, but Scrypt-N is more "proven" then X11. It's been suggested by some (including the LiteCoin developers) that the X11 algorithm is more easily translated into ASIC hardware than other ASIC resistant efforts.

I know X11 is the new hotness, and I agree it would be a step up from Scrypt, but transitions like this are already challenging.
LiteBar is starting to show some growth, so it's important to not change things too drastically or too quickly.

The good news is that we're several months away from Scrypt ASIC hardware still, and most of it will be pointed at LiteCoin at first. So there's some time to deal with any potential threat.

the wait time isnt that far for scrypt asics..... month or so roughly

[RAMZA]

I don't really have anything against X11, but the reasons I suggested Scrypt-N instead are as follows:

1. It's easier to implement (very closely related to Scrypt, so less work for the developer).
2. It's more widely supported by mining software than X11 at this point.
3. It's adjustable, so if Scrypt:2048 (the current level VertCoin and others use) isn't enough in a couple of years, it can be adapted as many times as needed to stay ahead of ASIC's.
4. The mining period for LiteBar is very short at only 5 years. Scrypt-N provides plenty of ASIC resistant properties to cover that short period of time.
5. This is debatable, but Scrypt-N is more "proven" then X11. It's been suggested by some (including the LiteCoin developers) that the X11 algorithm is more easily translated into ASIC hardware than other ASIC resistant efforts.

I know X11 is the new hotness, and I agree it would be a step up from Scrypt, but transitions like this are already challenging.
LiteBar is starting to show some growth, so it's important to not change things too drastically or too quickly.

The good news is that we're several months away from Scrypt ASIC hardware still, and most of it will be pointed at LiteCoin at first. So there's some time to deal with any potential threat.

I agree.
At this moment is better Scrypt-N than X11

[sameev29]

Is the dev still with this coin?

We havent seen updates for sometime.

[br0ken]

Is the dev still with this coin?

We havent seen updates for sometime.

We are still very much with the coin sameev29 and we are taking note of what the users are requesting.

[QuadraQ]

Is the dev still with this coin?

We havent seen updates for sometime.

We are still very much with the coin sameev29 and we are taking note of what the users are requesting.

Great to hear! This coin is doing well right now, and fills an important niche. I've noticed a lot of increased interest on the exchanges (especially CryptoRush.in, which unfortunately is having other troubles). Hopefully new exchanges will be added soon.

[lordaccess]

Is the dev still with this coin?

We havent seen updates for sometime.

We are still very much with the coin sameev29 and we are taking note of what the users are requesting.

Great news. The dev is still here. Nice.
For me, I prefer X11.

[Alwin]

Let's get LiteBar on Poloniex We can do this!

Please tweet to @Poloniex "please add LiteBar" or "Can you add LiteBar"

Thanks!

[izerega]

Insert Quote
Let's get LiteBar on Poloniex Grin We can do this!

Please tweet to @Poloniex "please add LiteBar" or "Can you add LiteBar"

Thanks! Smiley

I`ll check it out mate.

[RAMZA]

New Poll over at Icurrex!  Come show your support guys! 

https://www.icurrex.com/coin_poll

109 votes and growing fast!!
We can make it!!

[br0ken]

New Poll over at Icurrex!  Come show your support guys! 

https://www.icurrex.com/coin_poll

109 votes and growing fast!!
We can make it!!

+1 Please tweet/retweet guys!  Thanks

[Alwin]

New Poll over at Icurrex!  Come show your support guys!  

https://www.icurrex.com/coin_poll

109 votes and growing fast!!
We can make it!!

+1 Please tweet/retweet guys!   Thanks

Just send some BTC to the BTC LiteBar vote address:) When it's calculated...they will add around 60 votes:)

I want to buy/sell LTB on more exchanges

[Shahrukh]

Please withdraw your coins from pmtocoins.com it is being closed

[Scooby903]

Please withdraw your coins from pmtocoins.com it is being closed

What happened?  Site looked good after the redesign!

[Shahrukh]

Please withdraw your coins from pmtocoins.com it is being closed

What happened?  Site looked good after the redesign!

its the burden of pending btc and being accused as scammer I cannot take it anymore

[Scooby903]

Please withdraw your coins from pmtocoins.com it is being closed

What happened?  Site looked good after the redesign!

its the burden of pending btc and being accused as scammer I cannot take it anymore

Sorry to hear that...

For what it's worth, I was able to withdraw my LTB no problem 

Thanks for your help again! 

[Scooby903]

Voting still going on strong over here:

https://www.icurrex.com/coin_poll

Keep it coming!