Bitcoin Forum
April 14, 2024, 07:59:31 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 [219] 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 ... 415 »
  Print  
Author Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched!  (Read 1466172 times)
Cryptoby
Full Member
***
Offline Offline

Activity: 224
Merit: 100


View Profile WWW
November 22, 2017, 11:02:51 AM
 #4361

How long does a transaction take and what are the cost for LTC?

SKYWAY New Generation of world transport system
Over 400 Billion $ estimated value of intellectual property | At 10th stage of development | 1000% and more possible
Website | Video | Businessplan | Broschure | Register | Sign up & Invest now
1713081571
Hero Member
*
Offline Offline

Posts: 1713081571

View Profile Personal Message (Offline)

Ignore
1713081571
Reply with quote  #2

1713081571
Report to moderator
"You Asked For Change, We Gave You Coins" -- casascius
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1713081571
Hero Member
*
Offline Offline

Posts: 1713081571

View Profile Personal Message (Offline)

Ignore
1713081571
Reply with quote  #2

1713081571
Report to moderator
RandyMagnum
Sr. Member
****
Offline Offline

Activity: 662
Merit: 250



View Profile
November 22, 2017, 03:03:43 PM
 #4362

Hope this project will be success

What do you mean this project will be success ? I don't understand do you have idea what are talking about ? This is coin has several years since it is being used as successor of Bitcoin. I think you don't know about Litecoin or just made commented without any purpose.
i think his next message in this thread will be: "any bounty?" or "reserve filipino" Smiley
denysrodman
Member
**
Offline Offline

Activity: 224
Merit: 11


View Profile
November 22, 2017, 10:52:22 PM
 #4363

However, for the past five days, the digital currency is finding it difficult to breakout of $72. If the digital currency breaks out and closes above $72, a move to $82 or even to the lifetime highs is possible.
Bamelin
Jr. Member
*
Offline Offline

Activity: 42
Merit: 1


View Profile
November 23, 2017, 08:44:10 AM
 #4364

I diversified 33% of my BTC into LTC last week.  Not speaking for anyone else but LTC seems stupidly cheap right now at $70 a coin.
revazishvilz
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
November 23, 2017, 09:32:33 AM
 #4365

it is cheap, but can anybody tell why it's not going up, I mean real reasons, not wishful thinking
rodmanqs
Full Member
***
Offline Offline

Activity: 280
Merit: 101



View Profile
November 23, 2017, 09:37:08 AM
 #4366

Litecoin already added to exchanges on gatecoin.com. My congratulations!
TriggerHappyCoin
Newbie
*
Offline Offline

Activity: 48
Merit: 0


View Profile
November 23, 2017, 01:12:23 PM
Last edit: November 23, 2017, 03:07:58 PM by TriggerHappyCoin
 #4367

Future belongs to LTC and BTC as combination. When BTC will be used as store of value and LTC will be used as payment processor and payment settlements more easily and at affordable cost with quick transfers. People are still not getting what is happening around.

Im still not even close to an expert, but this exactly what I read over all the internet. Bitcoin is the stash, litecoin the cash. Great way for bitcoin to grow to immense hights!
Mefestofel_Mefis
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250



View Profile
November 23, 2017, 03:24:48 PM
 #4368

Based on network utility and mining support, Litecoin is heavily undervalued. With continued development by Charlie Lee and the Litecoin Core team, including Lightning Network and Confidential Transactions, improvements in the protocol will begin to set Litecoin apart.

Technicals suggest a strong recovery from the mid September low, now with renewed momentum for a retest of all time highs. Fib extensions and Pitchfork suggest a run towards US$140 in next 2-3 months...
djamey10
Newbie
*
Offline Offline

Activity: 34
Merit: 0


View Profile
November 23, 2017, 03:36:34 PM
 #4369

http://
Litecoin is heading towards 1000$.
pthrmsor
Full Member
***
Offline Offline

Activity: 234
Merit: 100


View Profile
November 23, 2017, 04:01:08 PM
 #4370


Litecoin is heading towards 1000$.
Litecoin is undervalued coin and should go to $100 by the end of this year. Although $1000 seems less likely in near future.
Mefestofel_Mefis
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250



View Profile
November 24, 2017, 08:27:31 AM
 #4371


Litecoin is heading towards 1000$.
Litecoin is undervalued coin and should go to $100 by the end of this year. Although $1000 seems less likely in near future.

For a long term price increase slight pullbacks are required. If we witness ridiculous growth it won’t be sustainable as everybody would worry that’s it’s not going to hold and panic sell. The steady rise of LTC over the last week (well, over the last year) is exactly what will eventually get it to a 3 digit coin and eventually a 4. Once certain things are announced it will jump and hold and steadily rise until something else, then jump, hold (new support) then rise. Just like we’ve seen with BTC being a perfect example.
moli1
Full Member
***
Offline Offline

Activity: 182
Merit: 118



View Profile
November 24, 2017, 09:20:09 AM
 #4372

Litecoin getting rise $73.50 . i think it will be up to $100 soon.
near future it will be on top. litecoin have bright future.
is it right time to buy or i should wait until its price down.?? 
randomcash
Newbie
*
Offline Offline

Activity: 46
Merit: 0


View Profile WWW
November 24, 2017, 03:42:07 PM
 #4373

Got into this one when it was at $39 (if i recall)
Holding to it until it reaches 5k! No less...
denysrodman
Member
**
Offline Offline

Activity: 224
Merit: 11


View Profile
November 24, 2017, 09:13:09 PM
 #4374

Today it was announced that Netherlands-based bitcoin exchange BL3P from company Bitonic B.V. went live with litecoin (LTC) support. BL3P is built to cater to European users, thus EUR transactions with LTC will now be direct and more convenient for those who hold litecoin.
torproject
Member
**
Offline Offline

Activity: 178
Merit: 11


View Profile
November 24, 2017, 10:56:53 PM
 #4375

it is cheap, but can anybody tell why it's not going up, I mean real reasons, not wishful thinking
The society still does not understand the whole essence of the crypto-currency.

Moй Бoг мeня paбoм нe нaзывaл.
gembitz
Hero Member
*****
Offline Offline

Activity: 1834
Merit: 639


*Brute force will solve any Bitcoin problem*


View Profile
November 24, 2017, 10:58:38 PM
 #4376

Litecoin Gold listed on poloniex soon hitbit ===>

https://poloniex.com/exchange#btc_emc2

 Cool

weee

©2021*MY POSTS ARE STRICTLY FOR NOVELTY AND/OR PRESERVATION/COLLECTING PURPOSES ONLY!*It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF #XTZ ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
Tryoene
Newbie
*
Offline Offline

Activity: 55
Merit: 0


View Profile
November 24, 2017, 11:34:06 PM
 #4377

Koinbi.com would like to welcome Litecoin to its service!

Koinbi welcomes Litecoin to its family of crypto currencies and has opened the order books for Litecoin to be traded!
Our mission at Koinbi is to provide you, the user and trader with a clean, fast and secure platform to trade your crypto currencies.

URL: https://koinbi.com
Trade: https://koinbi.com/markets/ltcbtc
Twitter: https://twitter.com/Koinbi_Exchange
API: https://koinbi.com/api_v2

Thank you,
James and the team at Koinbi.com
Nowhere but up
Member
**
Offline Offline

Activity: 82
Merit: 15


View Profile
November 25, 2017, 02:57:24 AM
 #4378

It's time for Litecoin to shine. Professional Money Managers are saying Litcoin due to its usage case in the future should trade between 5-10% of Bitcoin at the minimum. Since Bitcoin market cap is 137 billion and holding very tight lets use the mid-point case that Litecoin should trade 7.5% of Bitcoin market cap so 137b *.075 = 10.275 billion market cap, well Litecoin is only  4.2 billion market cap today meaning the price should be about 190 (10.27/4.2=2.44) thus Litecoin is currently 78 so 78 *2.44 = 190. I see people using Litecoin for common purchases not Bitcoin. I see people using their phones in the future to make purchases and not carrying cash. I think this future will start to be factored in right now.

Even if we say Litecoin should only trade 5% of Bitcoin which is very very conservative we get 137b *.05= 6.85b market cap but Litecoin is only 4.2 billion market cap today, thus 6.85/4.2= 1.63. Thus Litecoin at 78 *1.63 =127.  Expect a Monster rally this weekend into the end of the year and well into 2018. Litecoin is way undervalued. Litecoin at 4.2 billion market cap is currently trading only 3% of Bitcoin's 137 market cap which is safe to say way too low for a formidable competitor in the usage case with lower fees and faster transaction times.
I think Professional Money Managers are finally figuring that out this weekend.
gembitz
Hero Member
*****
Offline Offline

Activity: 1834
Merit: 639


*Brute force will solve any Bitcoin problem*


View Profile
November 25, 2017, 07:36:11 AM
 #4379

LAUNCHED

Download the binaries from: http://litecoin.org
Check out the source: https://github.com/litecoin-project/litecoin
Wiki: http://litecoin.info
Forum: http://forum.litecoin.net/



Litecoin is the result of some of us who joined together on IRC in an effort to create a real alternative currency similar to Bitcoin.  We wanted to make a coin that is silver to Bitcoin's gold.  Various alternative currencies have come and gone.  Some brought innovation, but they all had problems.

  • ixcoin - Nasakioto premined 580k coins. Seemed like a pump and dump. Competed with Bitcoin for GPU resources - Dead (~2 gh/s)
  • i0coin - Basically ixcoin without the premine. Not much support was given to this coin after it was released. - Dead (~5 gh/s)
  • SolidCoin - Innovative quick transaction times. Appears to have been run aground by CoinHunter, its creator, due to insecure changes and immature forum presence. - Dead, shutdown by CoinHunter
  • GeistGeld - Lolcust premined 7.7 million coins.  15 second block time is probably a bit extreme. - Alive, but limping (~15 gh/s)
  • Tenebrix - Lolcust premined 7.7 million coins.  CPU proof of work using scrypt is very innovative.  Price doing fairly well on btc-e.com. - Alive (~0.003 gh/s)
  • Fairbrix - Basically Tenebrix without the premine.  First launch was crippled due to bad config.  Relaunch attacked initially - Doing OK now, but no exchange so far. - Alive, but limping (~0.0001 gh/s)

We wanted the best innovations of Bitcoin and these other currencies to create a coin with all of their benefits, but nearly none of their problems.

Proof of Work

We really liked Tenebrix's Scrypt proof of work.  Using Scrypt allows one to mine Litecoin while also mining Bitcoin.  We humbly offer a big thanks to ArtForz for the implementation.

Premines

Litecoin will come with 150 premined coins: just the genesis block and the first 2 blocks to confirm the genesis is valid.  We believe a coin needs to be released in a fair manner.  Having one person (or a group) control a large amount of coins that can be used as they see fit is against the decentralized vision of Bitcoin.  Yes, it is true that without a stash of premined coins, we will not be able to afford to pay for bounties, but we believe people will see the virtue of this coin, invest in it as early adopters, and will be willing to spend time creating services to make this coin better.

Fast transactions

We were impressed by the convenience of SolidCoin's fast transactions.  Although we know that fast confirmations are not necessarily as secure as Bitcoin's slower confirmations, they are very convenient for small merchants who don't need transactions to be super secure. The average Litecoin block takes 2.5 minutes, one quarter of Bitcoin's 10 minutes.  So if merchants wanted to be as safe as Bitcoin, they can wait for 4 times the number of Litecoin confirmations as compared to Bitcoin. But most merchants can readily accept 1-confirmed transactions for small amounts of litecoins.

Difficulty retarget

We will keep the retarget block the same as Bitcoin's 2016, but because blocks are found 4 times faster, difficulty will retarget about every 3.5 days.  The combination of fast retarget times and Scrypt proof of work (Litecoin will not compete with Bitcoin for miners) means we expect to not see the sort of problem Namecoin encountered; hashing power that leaves more suddenly than it came, causing a high difficulty slog for everyone who stayed.

Coin generation

Miners will generate 50 coins per block.  In light of our faster blocks, to properly mimic Bitcoin's generation trajectory, we needed to change the blocks at which coin generation is halved.  Bitcoin generation is halved every 210,000 blocks.  Litecoin generation will be halved every 840,000 blocks.  For those of you doing the math, Litecoin is scheduled to produce roughly 4 times as many coins as Bitcoin, about 84 million litecoins.

Fairness

We have come up with a plan that we believe is most fair.  Some previous coins were released without Windows binaries or without source code; we consider this as unfair as it is unsafe.

We released the source code and binaries ahead of time... 3 days before launch.  People had time to compile the source and run the client on their machines against the Litecoin testnet.  So people were able to make sure everything was working well before the launch.  We also had a poll so that people can vote for a launch time that best suits them.  At the time of the launch (Oct 12 03:00 GMT), we released the genesis hash and everyone started mining at the same time.  All it took was a simple change in the config file in order to mine the real coin instead of the testnet coin.

51% attack

The problem with alternative currencies is that the network hashrate is likely low when the coin starts up, making an easy target for any potential 51% attacker. With a little hope, a little prayer, a lot of hype, and due to our innovative release, there was a large hashrate from minute one.  We believe this deterred any attackers from targeting this chain.  As expected, there was a lot of natural orphaning of blocks, due to having so many people mining on the chain at once.  With block locking at every difficulty change, we were able to avoid any attacks from succeeding. (if there were any)

Source code

The source code is here:
   https://github.com/litecoin-project/litecoin

This is based on the latest Bitcoin code. You can either build the daemon version (litecoind) or you can build the gui version (Litecoin QT). See the build docs.

Similar to Bitcoin, you may want to create a litecoin.conf file here:
    Windows: C:\Documents and Settings\<username>\Application Data\Litecoin
    Win7: C:\Users\<username>\AppData\Roaming\Litecoin
    Mac: ~/Library/Application Support/Litecoin
    Unix: ~/.litecoin

Port is 9333. Open if on your router if you know how. This will allow you to have more than 8 connections.
And default RPC port is 9332. This is the port miners will use to communicate with your client/daemon.

Sample litecoin.conf file:
Code:
server=1
rpcuser=user
rpcpassword=password

#Change this if you want to use a different rpc port for mining
#rpcport=9332

#Only uncomment this if you are running litecoind and want to run Litecoin in the background (not Litecoin QT)
#daemon=1


So tell us what you think. Come to the Litecoin forums (http://forum.litecoin.net) or drop by #litecoin or #litecoin-dev on freenode IRC to chat.

LitecoinGold is going to go to 10K-50K then come kick your doors down j/k Wink weeee

https://poloniex.com/exchange#btc_emc2


©2021*MY POSTS ARE STRICTLY FOR NOVELTY AND/OR PRESERVATION/COLLECTING PURPOSES ONLY!*It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF #XTZ ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
moli1
Full Member
***
Offline Offline

Activity: 182
Merit: 118



View Profile
November 25, 2017, 08:08:39 AM
 #4380

Really suprised this is contesting 80.
i was not expecting this at all. Don't expect this to last but if it does all the better!!
$80 soon.
Pages: « 1 ... 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 [219] 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 ... 415 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!