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Author Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched!  (Read 785537 times)
Brunic
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April 18, 2012, 07:18:32 AM
 #1601

At first, I was suspicious of all forms alternate cryptocurrencies. They felt so much like "oh, look, success over there! Let's go copy it and grab a share of it!".

But now, I'm still suspicious of all forms of alternate cryptocurrencies, but I like more and more the idea of Litecoin. Bitcoin is designed to keep a relative high value, since its supply is limited and somewhat low when you compare it to the human population. Having Litecoin as a "cheap" Bitcoin act as a buffer of offer for the market, and gives the market a chance to trade at lower values.

Sure, right now, the market is still small, but the more Bitcoin takes value, the more Litecoin will become interesting. The saving grace of Litecoin is probably the complementary mining offer it provides. The CPU of my mining rigs were useless and inactive with Bitcoin, but now, they have an interesting use.

So great job guys! Don't desesperate if Litecoin is slow at start, it's dependant on Bitcoin. In the future, it could certainly become the entry point for alternate cryptocurrencies.
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Cosbycoin
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April 18, 2012, 07:48:46 PM
 #1602

Can anybody help me out here ?

I am getting this error on Mac OS X 10.5.8 :

Dyld Error Message:
  Symbol not found: __ZNKSt13bad_exception4whatEv
  Referenced from: /Applications/Litecoin-Qt.app/Contents/MacOS/Litecoin-Qt
  Expected in: /usr/lib/libstdc++.6.dylib

Also related thread without solution : https://bitcointalk.org/index.php?topic=55105

No. Help yourself =)
bulanula
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April 18, 2012, 11:05:33 PM
 #1603

Can anybody help me out here ?

I am getting this error on Mac OS X 10.5.8 :

Dyld Error Message:
  Symbol not found: __ZNKSt13bad_exception4whatEv
  Referenced from: /Applications/Litecoin-Qt.app/Contents/MacOS/Litecoin-Qt
  Expected in: /usr/lib/libstdc++.6.dylib

Also related thread without solution : https://bitcointalk.org/index.php?topic=55105

No. Help yourself =)

If you don't have anything constructive to say then please abstain from posting it.

I really am banging my head against the wall here ...

I googled and there seems to be no solution at all.

Where can I try older versions of litecoind for Mac ?

I am not even trying to run the GUI just the litecoind headless daemon.

Also is there such thing like a bitcoin-mining-proxy but for Litecoin getworks ?

Thank you !
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April 19, 2012, 06:53:32 PM
 #1604

Can anybody help me out here ?

I am getting this error on Mac OS X 10.5.8 :

Dyld Error Message:
  Symbol not found: __ZNKSt13bad_exception4whatEv
  Referenced from: /Applications/Litecoin-Qt.app/Contents/MacOS/Litecoin-Qt
  Expected in: /usr/lib/libstdc++.6.dylib

Also related thread without solution : https://bitcointalk.org/index.php?topic=55105

No. Help yourself =)

If you don't have anything constructive to say then please abstain from posting it.

I really am banging my head against the wall here ...

I googled and there seems to be no solution at all.

Where can I try older versions of litecoind for Mac ?

I am not even trying to run the GUI just the litecoind headless daemon.

Also is there such thing like a bitcoin-mining-proxy but for Litecoin getworks ?

Thank you !


As much as you've trolled this forum I think you need some help on your own bro!
EskimoBob
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April 26, 2012, 06:42:10 PM
 #1605

I pulled today the latest version. Code compiles fine but now I get:

 EXCEPTION: NSt8ios_base7failureE       
CAutoFile::read : end of file       
litecoin in Runaway exception   

I did clean up the ./litecoin directory but I still get the same exception.


While reading what I wrote, use the most friendliest and relaxing voice in your head.
BTW, Things in BTC bubble universes are getting ugly....
pooler
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April 26, 2012, 09:28:10 PM
 #1606

I pulled today the latest version. Code compiles fine but now I get:

 EXCEPTION: NSt8ios_base7failureE      
CAutoFile::read : end of file      
litecoin in Runaway exception    

I did clean up the ./litecoin directory but I still get the same exception.

I got the same error after upgrading. I even tried clearing the .litecoin folder and re-downloading the blockchain, but kept getting the same error. I had to go back to commit 2170487 and restore the wallet from a backup.

Unfortunately I haven't had the time to investigate the issue, but the problem seems to lie in one of the April 24/25 commits.

EDIT: ali1234 fixed this bug today in commit dda31c7. It should now be safe to use the latest version from the GitHub repository.
Note that if you have run the buggy code you will have to redownload the blockchain.

BTC: 15MRTcUweNVJbhTyH5rq9aeSdyigFrskqE · LTC: LTCPooLqTK1SANSNeTR63GbGwabTKEkuS7
conspirosphere.tk
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May 01, 2012, 07:10:35 AM
 #1607

Hi, I found an old litecoin wallet of mine and trying to use it. The problem is that I see that is loaded with about 100 ltc, but all transactions are unconfirmed. I tried to delete everything but the wallet in the roaming folder and downloaded the blockchain again, but the balance and transactions remain with zero confirmations, so I cannot use it. Any idea?

Tachikoma
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May 01, 2012, 09:24:14 AM
 #1608

So I started mining some litecoins to test it out yesterday and used a pool to get started. The pool send 30LC to my specified address but somehow the transactions are not showing up in my client (while the chain is synchronized). This is the address in question.

Does anybody have any idea why my client won't register it?

Edit
And of course a minute after I create a post the transactions somehow come in. Nevermind! Smiley

Electrum: the convenience of a web wallet, without the risks | Bytesized Seedboxes BTC/LTC supported
pooler
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May 01, 2012, 10:17:45 AM
 #1609

The pool send 30LC to my specified address but somehow the transactions are not showing up in my client (while the chain is synchronized).
[...]

Edit
And of course a minute after I create a post the transactions somehow come in. Nevermind! Smiley

The reason for the delay is that it can take a few minutes before a transaction is included in a block (i.e. before the transaction gets 1 confirmation).

BTC: 15MRTcUweNVJbhTyH5rq9aeSdyigFrskqE · LTC: LTCPooLqTK1SANSNeTR63GbGwabTKEkuS7
Tachikoma
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May 01, 2012, 10:39:59 AM
 #1610

The pool send 30LC to my specified address but somehow the transactions are not showing up in my client (while the chain is synchronized).
[...]

Edit
And of course a minute after I create a post the transactions somehow come in. Nevermind! Smiley

The reason for the delay is that it can take a few minutes before a transaction is included in a block (i.e. before the transaction gets 1 confirmation).

Good suggestion, however the first transaction was send 8 hours ago at the time of my post, that should have been long enough to get one confirmation Wink

Electrum: the convenience of a web wallet, without the risks | Bytesized Seedboxes BTC/LTC supported
Scott J
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May 01, 2012, 12:02:27 PM
 #1611

I'm struggling to see any downsides to Litecoin when compared to Bitcoin.

The extra coins I see as a positive, as it allows more people to get involved.

The faster block speed is a great advantage IMO.

I guess my question is, what makes Bitcoin better than Litecoin other than being the first of the two to get acceptance?

Gavin Andresen
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May 01, 2012, 01:02:41 PM
 #1612

I guess my question is, what makes Bitcoin better than Litecoin other than being the first of the two to get acceptance?
Network effect.

More developers are working on Bitcoin, there are more interesting projects, more useful tools, more documentation at places like bitcoin.stackexchange.com, etc. And that all builds on itself.

How often do you get the chance to work on a potentially world-changing project?
Etlase2
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May 01, 2012, 01:43:28 PM
 #1613

I'm struggling to see any downsides to Litecoin when compared to Bitcoin.

The extra coins I see as a positive, as it allows more people to get involved.

The faster block speed is a great advantage IMO.

4x the coins doesn't allow more people to get involved, it allows people to have 4x the coins.
The faster block speed isn't any real advantage, you just have to wait for 4x the confirmations. Two and a half minutes is still way too long for a POS transaction.

Quote
I guess my question is, what makes Bitcoin better than Litecoin other than being the first of the two to get acceptance?

I suppose that Litecoin changed virtually nothing of import from Bitcoin and expected something to happen.

tacotime
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May 01, 2012, 03:12:46 PM
 #1614

the number of confirmations is the same as for bitcoin.

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
Etlase2
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May 01, 2012, 06:31:06 PM
 #1615

The number of confirmations to accept a transaction is up to the user. Assuming an identical hashrate, it would take 24 confirmations in litecoin to equal 6 confirmations in bitcoin. And one confirmation in litecoin is 4 times easier to reverse than one confirmation in bitcoin. There is no advantage here.

Scott J
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May 01, 2012, 06:33:59 PM
 #1616

Thanks for clearing that up - I thought the Bitcoin/Litecoin confirmations were just as strong.

kano
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May 01, 2012, 07:05:50 PM
 #1617

The number of confirmations to accept a transaction is up to the user. Assuming an identical hashrate, it would take 24 confirmations in litecoin to equal 6 confirmations in bitcoin. And one confirmation in litecoin is 4 times easier to reverse than one confirmation in bitcoin. There is no advantage here.
Have a read - some of the later comments about confirms etc. may help enlighten you Smiley
https://bitcointalk.org/index.php?topic=51504.0

Pool: https://kano.is BTC: 1KanoiBupPiZfkwqB7rfLXAzPnoTshAVmb
CKPool and CGMiner developer, IRC FreeNode #ckpool and #cgminer kanoi
Help keep Bitcoin secure by mining on pools with Stratum, the best protocol to mine Bitcoins with ASIC hardware
Etlase2
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May 01, 2012, 07:39:08 PM
 #1618

Have a read - some of the later comments about confirms etc. may help enlighten you Smiley
https://bitcointalk.org/index.php?topic=51504.0

There is no advantage here.

Quote
Most transactions in the block-chain are small and having to wait for an hour or more for a small transaction to be accepted is definitely one of the issues that makes wider adoption of Bitcoin difficult.

How does waiting 10 minutes vs. an hour make any difference to a small transaction? Are you going to sit around waiting at McDonald's for 10 minutes before they let you have your food? No. This can be solved outside of the protocol, and has already been. You assume your conclusion is true without any evidence ("begging the question").

Quote
However, it WILL reduce variance.

So will 30 second blocks.

Quote
Reality: online bitcoin transaction are too slow.

Reality Opinion

Cosbycoin
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May 01, 2012, 08:24:43 PM
 #1619

The number of confirmations to accept a transaction is up to the user. Assuming an identical hashrate, it would take 24 confirmations in litecoin to equal 6 confirmations in bitcoin. And one confirmation in litecoin is 4 times easier to reverse than one confirmation in bitcoin. There is no advantage here.

This all depends upon the current total network hash rate. I believe this is true given how young litecoin is in comparison to bitcoin.

=) gotta start somewhere!
Etlase2
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May 01, 2012, 08:33:33 PM
 #1620

That's why I said "assuming an identical hashrate"... It is true if the hash rates are (qualitatively) identical. As it is now, you probably need 100+ confirmations in litecoin to equal 6 bitcoin confirmations. Possibly way more, I don't know.

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