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Author Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched!  (Read 1279510 times)
j4y_naKomodo
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December 20, 2017, 04:40:02 AM
 #4901

Greetings, friends at Litecoin!

As Komodo Platform has been working around the clock to fine-tune the multiple GUI's that are the face of our Agama multiwallet and BarterDEX atomic swap protocols, there have obviously been many bugs found and many debugged. However, one bug in particular was found not only in our Agama GUI wallet, but also in the zcash4mac GUI swing wallet. It is a simple bug, but it warrants your attention. This is a potential money cost bug, and as a Bitcoin-protocol cryptocurrency, your GUI wallet(s) may be susceptible. We are reaching out directly to the developers and communities of the 60+ coins featured on Agama and BarterDEX as the bug may have a direct impact on you (via your own wallet).

watchonly-GUI bug: 'watchonly' addresses appearing as your own in GUI wallet; users could potentially send funds to the address, unaware it is not theirs or available for withdrawal. You can import <any address> and it becomes a 'watchonly' address. The GUI will display the address as yours, add its funds to your balance, and accept deposits, but cannot be withdrawn. This could be a normal address, my address, a p2sh address, satoshi's address, etc. This can be confusing to an end-user and will lead to many headaches for the developer, as is always the case with misplaced funds.

FOUND: in Komodo Platform's Agama multiwallet (fixed) and zcash4mac GUI swing wallet (@jl777B: "newest QT wallet seems ok about watch only, but not sure of older and when it was fixed")

ex. @grewalsatinder found the bug in his zcash swing wallet:

Quote from: jl777B
"satinder used zcash4mac, ie. the zcash osx GUI, not ours... the assumption is no GUI out there properly handles watch only addresses, until proven that they do... agama also had this bug, which we found and fixed, so it seems a very common bug to have"

SOLUTION: For the 'watchonly' address or any address not yours, the value 'ismine' returns false. Any such address gets filtered out.

QUESTIONS:
  • How does your recommended GUI deal with watchonly addresses?
  • Does your GUI display watchonly addresses as different than actual addresses in the wallet?

We need to experiment a bit to see which approach gets a better response triggering the bug. People WILL lose money if they send funds to a watchonly address.

Quote from: jl777B
"the t3 addresses in the 'Own Addresses' column! and they absolutely cant be as they are p2sh addresses. it is clear proof that the bug is very real and anybody that understands a p2sh address will understand it cant be something in your wallet. it is usually a multisig address, so only if it is a 1of1 multisig (possible but very silly) can you have a p2sh address that is spendable, but the wallet wont even know it... normal addresses can also be watchonly, which makes this even worse. in that case it would appear in the list of addresses just like all the others. even if you are able to spot p2sh addresses visually, it wont be enough"

We want to spread awareness and facilitate discussion of this bug to minimize the impact.

Of course - we can always talk about how you can use BarterDEX today to trade Litecoin via atomic swap directly with your peers, through our beta GUI and without downloading the entire blockchain ; ) That is how we found the bug, afterall.

Stay safe,
Jay

Komodo (https://komodoplatform.com/en)
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December 20, 2017, 11:34:48 AM
 #4902

Litecoin creator Charlie Lee has revealed on social media that he sold and donated all his Litecoin holdings over the past few days.
The announcement was meant to show he no longer has a conflict of interest in promoting the altcoin but the timing has sparked some backlash against Lee.
Founder of Litecoin Charlie Lee has informed the community today that he no longer has any meaningful direct exposure to the cryptocurrency, having sold and donated all his Litecoin holdings in recent past days. Writing on Reddit he explains that this was done to avoid the appearance of a conflict of interest when promoting Litecoin as someone with so much social influence.
Lee reassures his followers that this does not mean he is quitting Litecoin and will still spend all his time working on the cryptocurrency he created. Lee also explains that he will continue to benefit from the growth of Litecoin – just not by holding the cryptocurrency itself.
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December 20, 2017, 12:25:49 PM
 #4903

Litecoin creator Charlie Lee has revealed on social media that he sold and donated all his Litecoin holdings over the past few days.
The announcement was meant to show he no longer has a conflict of interest in promoting the altcoin but the timing has sparked some backlash against Lee.
Founder of Litecoin Charlie Lee has informed the community today that he no longer has any meaningful direct exposure to the cryptocurrency, having sold and donated all his Litecoin holdings in recent past days. Writing on Reddit he explains that this was done to avoid the appearance of a conflict of interest when promoting Litecoin as someone with so much social influence.
Lee reassures his followers that this does not mean he is quitting Litecoin and will still spend all his time working on the cryptocurrency he created. Lee also explains that he will continue to benefit from the growth of Litecoin – just not by holding the cryptocurrency itself.


He SODL for our sins!

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youghten
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December 20, 2017, 12:39:32 PM
 #4904

takeoff will be, but later. I'm waiting for 500 dollars
phuckit17
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December 20, 2017, 02:38:30 PM
 #4905

IDK..Cobb may be getting out because this crap with coinbase and btrash, Mt gox 2.0 printing another 100 million tether last week the whole Crypto space feeling slimy as fook now that Wallstreet is here.
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December 20, 2017, 02:44:54 PM
 #4906

Oh my god, this is really an old thread. Reading now at this point, the feeling is so strange. By going through the thread, you can see the thought change in the different stage in the past several years, following the growth of the crypto currency world.

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clixcoin
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December 20, 2017, 02:49:18 PM
 #4907

1LTC=1BTC
1ETH=2BTC

2020

FALSE. LTC is 1/4 of BTC. Confirmed even by Charlie Lee. Will never be 1:1 with BTC. PERIOD.

Too much optimistic about the price I also think it wont happen in short time of period because bitcoin is the pioneer cryptocurrency. LTC is younger brother of it so that is really strange when someone try to compare like this.

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404Revolution
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December 20, 2017, 02:57:53 PM
 #4908

Charlie Lee "sold all his litecoin" to "prove" he has no conflict of interest promoting Litecoin.

No Charlie, that's not what that would prove!  Smiley

It proves that you are spineless. A disgusting fish faced gook who stands for nothing! Congratulations!

Somehow dumping Litecoin at the top is supposed to be applauded by your nimwit cult?

Hi, I'm Charlie Lee inventor of Litecoin. It is an amazing system for sending value, it has massive room to grow, you should buy it now that its moved from $2 to $300! Oh you want me to show you how it works? Sorry, I don't own any.

Fuck You!

phuckit17
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December 20, 2017, 03:11:41 PM
 #4909

Charlie Lee "sold all his litecoin" to "prove" he has no conflict of interest promoting Litecoin.

No Charlie, that's not what that would prove!  Smiley

It proves that you are spineless. A disgusting fish faced gook who stands for nothing! Congratulations!

Somehow dumping Litecoin at the top is supposed to be applauded by your nimwit cult?

Hi, I'm Charlie Lee inventor of Litecoin. It is an amazing system for sending value, it has massive room to grow, you should buy it now that its moved from $2 to $300! Oh you want me to show you how it works? Sorry, I don't own any.

Fuck You!
lmao Merry Christmas!
kobo_eth
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December 20, 2017, 03:12:33 PM
 #4910

And "surprisingly" after this piece of news, price started going down...

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December 20, 2017, 03:16:54 PM
 #4911

So Charlie Lee dumped all his LTC at its high point and wants others to keep supporting it? If the one saying this does not support it by holding or buying LTC, then why should the rest of us?
Charlie Lee selling all his LTC to prove he has no conflict of interest promoting Litecoin means he has nothing to lose if LTC fails, in other words he used his escape pod and bailed out of it.
When the inventor of anything doesn't even use his/her own product, then why the hell should others?
Also LTC becoming 1/4th of BTC price was fiction as well, by that it should be over 4k$ price, it's not even 1/4th of that, more like 1/4th of 1/4th of 1/4th.
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December 20, 2017, 04:19:04 PM
 #4912


Litecoin Founder Charlie Lee Sells All Of His LTC


"Don't worry. I'm not quitting Litecoin," he said. "I will still spend all my time working on Litecoin. When Litecoin succeeds, I will still be rewarded in lots of different ways, just not directly via ownership of coins."




it's not bad what he said i belive . now man with the freedom
neev
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December 20, 2017, 04:50:50 PM
 #4913

now that Charlie Lee has sold his LTC coins should we still hold ours or sell it ?
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December 20, 2017, 05:04:42 PM
 #4914

Well done Lee. Let the market decide.
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December 20, 2017, 05:06:15 PM
 #4915

The deeper the correction the stronger the charge when its over. Right now TA is useless, as BTC is in control of what LTC is doing. It seems that we've locked in to it and tried to break out yesterday but the BCash thing completely ruined the party.
Charlie Lee selling his stack is not bullish, but it's not as bearish as people think. He's an interesting dude and tries sometimes too hard to be clear and transparent (with good intentions of course), which sometimes fails him as it is seen by the general public as a bad sign or bad PR.
Ultimately, once Bcash trading goes live on GDAX and the storms settle down, we'll see actual movement and return to normal for LTC. I still see us in the $320+ area as Charlie selling his coins is not the main reason for this downside.
The current downside completely mirrors what BTC is doing, which is panicking ahead of Bcash trading.
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December 20, 2017, 05:28:20 PM
 #4916

Lit will be 2000$ in mid 2018. Mark my words.
hush
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December 20, 2017, 06:36:48 PM
 #4917

Everyone is talking about LTC these days. It seems that this time huge increase in its value is inevitable. That tweet by staohilite about development and partnerships explains many things in those few words. I also will redirect some of my holdings into LTC over the next few days.

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December 20, 2017, 06:59:50 PM
 #4918

Charlie Lee sold all his LTC, what he gonna do  ?

If he want to start a new project, who will trust him ?

Or LTC is just another shitcoin, but have nice price  ?

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December 20, 2017, 07:07:11 PM
 #4919

BCH is growing a lot someone knows why?
BTC seems like tired and LTC following...

Still holding anyway
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December 20, 2017, 07:13:35 PM
 #4920


Litecoin Founder Charlie Lee Sells All Of His LTC


"Don't worry. I'm not quitting Litecoin," he said. "I will still spend all my time working on Litecoin. When Litecoin succeeds, I will still be rewarded in lots of different ways, just not directly via ownership of coins."




it's not bad what he said i believe . now man with the freedom
he will make us richer . hold hold hold
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