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Author Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched!  (Read 1459899 times)
manhont
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February 17, 2018, 09:11:07 AM
 #5601

With LitePay Litecoin has a chance to be  one of the first cryptocurrency to get the main function of money - means of payments. Ironically, Litecoin was a technical playground for Bitcoin and the first of them implemented all the necessary improvements but thereby became technically more advanced than bitcoin. For those who believe in the dominance of the Crypto-currencies in the future, today it is a best investment.

I regret very much that when I sold half of my coins in the summer, especially after the news with litepay, I can not even imagine what level the price of litecoin can reach in the spring...

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February 17, 2018, 09:18:40 AM
 #5602

last time i try to get bitcoin cash, i actually invested 10+H if not 20, to get few BTG, when i get it the price was 50% from its high, and the bit also lost ground, so for this reasons, i dont know if i will try to get this free coins, to risky, i actually need to give my computer to repair bcs of the bitcoin gold fork. I dont trust them, but to claim them i think its only exodos wallet apropriate and easy to claim it, and look for video on youtube how to claim free coins later on, i dont have the nervous to get this free coins. i rather sold all to fiat and close margins, and go to ski..lol
and after reading this: https://bitcoinist.com/charlie-lee-labels-litecoin-cash-scam/

no way this is smart, to give private key to someone elses wallet,...they must be kidding...lol

you would extract/dump your priv key, then after the fork move your coins to a new address that way all they would be getting is an empty private key that only proves that you held X amount of LTC at the forking block......there is no risk this way...if there is a risk in this method someone please correct me!

As far as I know there is no risk if you first move your coins to another wallet. As long as you keep in mind that the wallet for which you hand over your private key is forever compromised. I created a temporary wallet and transferred  my coins to this wallet. After the fork I transfer my coins back to my normal wallet and use the private key of the temporary wallet to claim the Litecoin Cash coins. This costs me 0.002 LTC, so about 45 cents. I’m willing to pay that to keep my coins safe AND be able to claim my LCC coins.

Whether Litecoin Cash is a scam or not depends on your definition of a ‘scam’. We know LCC is not connected to LTC, but we don’t know if they are trying to rip you off. I think they are just using the name for promotional purposes and are not trying to scam LTC owners. But I can understand Lee not being happy about the use of the name. I’m actually surprised that this is legal. I know that it has happened several times before with Bitcoin. Do trademark laws not apply in the crypto world?

Good idea!
moli1
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February 17, 2018, 09:31:29 AM
 #5603

Charlie Lee has announced the launch of a new payment service called Litepal.

LitePal is the new payment processing service for Litecoin which will make it “easier for merchants to accept LTC”,

Litecoin founder Charlie Lee said on Twitter. LitePal is expected to be released later this year, although a specific date has yet been confirmed.

According to the website, users will be able to use the service with Bitcoin, Litecoin, PayPal, or Western Union.

LitePal said on Twitter: “LitePal is a Litecoin-first payment processor.

fees are expected to be “bone chillingly low”, according to litepal.io - the official website of the new payment processor.
Igor/Mogli
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February 17, 2018, 03:10:27 PM
 #5604

What wallet will you move your LTC to, to collect the LCC?   I have my LTC in the Ledger Nano S.  Thanks.


last time i try to get bitcoin cash, i actually invested 10+H if not 20, to get few BTG, when i get it the price was 50% from its high, and the bit also lost ground, so for this reasons, i dont know if i will try to get this free coins, to risky, i actually need to give my computer to repair bcs of the bitcoin gold fork. I dont trust them, but to claim them i think its only exodos wallet apropriate and easy to claim it, and look for video on youtube how to claim free coins later on, i dont have the nervous to get this free coins. i rather sold all to fiat and close margins, and go to ski..lol
and after reading this: https://bitcoinist.com/charlie-lee-labels-litecoin-cash-scam/

no way this is smart, to give private key to someone elses wallet,...they must be kidding...lol

you would extract/dump your priv key, then after the fork move your coins to a new address that way all they would be getting is an empty private key that only proves that you held X amount of LTC at the forking block......there is no risk this way...if there is a risk in this method someone please correct me!

As far as I know there is no risk if you first move your coins to another wallet. As long as you keep in mind that the wallet for which you hand over your private key is forever compromised. I created a temporary wallet and transferred  my coins to this wallet. After the fork I transfer my coins back to my normal wallet and use the private key of the temporary wallet to claim the Litecoin Cash coins. This costs me 0.002 LTC, so about 45 cents. I’m willing to pay that to keep my coins safe AND be able to claim my LCC coins.

Whether Litecoin Cash is a scam or not depends on your definition of a ‘scam’. We know LCC is not connected to LTC, but we don’t know if they are trying to rip you off. I think they are just using the name for promotional purposes and are not trying to scam LTC owners. But I can understand Lee not being happy about the use of the name. I’m actually surprised that this is legal. I know that it has happened several times before with Bitcoin. Do trademark laws not apply in the crypto world?
onecall123
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February 17, 2018, 03:31:52 PM
 #5605

is cryptopia  wallet will support LTC hard fork ?
someone knows  Huh


Probably not. It's a stupid fork nobody asked for.

yes funny thats charlie lee says its scam
https://twitter.com/SatoshiLite/status/960197866546282496
Hamn, We might have to go check it out now! Figured it out and don't fall victim. Be aware such of fishy attempts just believe strongly in LTC. Use it to purchase other coins cause its less expensive than BTC.

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jphamer1
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February 17, 2018, 03:35:36 PM
 #5606

charlie lee will find out the hard way that litecoin market is bigger than charlie lee.
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February 17, 2018, 04:13:08 PM
Merited by edgar (5)
 #5607

ALERT!ALERT!ALERT!!! DO NOT USE LITEADDRESS.ORG TO GET A PAPER WALLET. THE ADDRESSES ARE FAKE. I TESTED IT AND LOST MY COINS.
gembitz
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February 17, 2018, 04:15:32 PM
 #5608

any fork OP has a twtr fit!~ "litecoin" is a sector of coins look at [EMC2] a classic fork using litecoin algo/code :-D haha ===>

https://www.cryptopia.co.nz/Exchange/?market=EMC2_BTC

©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 ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
mrjoy15
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February 17, 2018, 04:57:28 PM
 #5609

So, The Litecoin split date has moved to the coming Sunday (February 18, 2018). Some people are consider to jump on this. However, The fork is not even legit.


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gembitz
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February 17, 2018, 05:18:16 PM
 #5610

So, The Litecoin split date has moved to the coming Sunday (February 18, 2018). Some people are consider to jump on this. However, The fork is not even legit.

n00bs:::: don't hate on forks, they are part of open source technology!! :-D lol

©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 ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
TranslateIntoDutch
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February 17, 2018, 09:47:47 PM
 #5611

What wallet will you move your LTC to, to collect the LCC?   I have my LTC in the Ledger Nano S.  Thanks.

Both my standard and temporary LTC wallet are Electrum-LTC wallets. My LTC coins are in the temporary wallet now and after the fork I move them back to my standard wallet. I’m very curious whether Litecoin Cash will be worth something or not.. I guess it won’t be much.

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February 18, 2018, 01:21:02 AM
 #5612

I'm still purchasing empty LTC addresses for roughly .0025 BTC each.  (The address had to have been in use on May 12, 2014.

Fully automated at https://freebitcoins.com/clamchecker/dig/


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gembitz
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February 18, 2018, 08:46:27 PM
 #5613

So, The Litecoin split date has moved to the coming Sunday (February 18, 2018). Some people are consider to jump on this. However, The fork is not even legit.

LCC is satoshis original vision Wink weee

===>

https://yobit.net/en/trade/LCC/BTC

©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 ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
MysteryJohnJohn
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February 19, 2018, 12:53:00 PM
 #5614

The forked coin "LCC" (Litecoin Cash) is going for less than $2 LOL, Charlie was right.
Totscha
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February 19, 2018, 12:58:36 PM
 #5615

So, The Litecoin split date has moved to the coming Sunday (February 18, 2018). Some people are consider to jump on this. However, The fork is not even legit.

LCC is satoshis original vision Wink weee

===>

https://yobit.net/en/trade/LCC/BTC

Closed source + premined.

Such decentralization, much wow.
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February 20, 2018, 12:40:41 AM
 #5616

So, The Litecoin split date has moved to the coming Sunday (February 18, 2018). Some people are consider to jump on this. However, The fork is not even legit.

LCC is satoshis original vision Wink weee

===>

https://yobit.net/en/trade/LCC/BTC

Closed source + premined.

Such decentralization, much wow.

My concern is that people are spending money on this shit.
crypto is still a breeding ground for c*nts.


for f*uck sake, I pray for proper legilslation on this shit.

 Angry
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February 20, 2018, 05:33:38 AM
 #5617

Will we be able to eventually claim LCC if our LTC was held in a ledger Nano s during the fork?
datguyian
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February 20, 2018, 09:51:00 AM
 #5618

last time i try to get bitcoin cash, i actually invested 10+H if not 20, to get few BTG, when i get it the price was 50% from its high, and the bit also lost ground, so for this reasons, i dont know if i will try to get this free coins, to risky, i actually need to give my computer to repair bcs of the bitcoin gold fork. I dont trust them, but to claim them i think its only exodos wallet apropriate and easy to claim it, and look for video on youtube how to claim free coins later on, i dont have the nervous to get this free coins. i rather sold all to fiat and close margins, and go to ski..lol
and after reading this: https://bitcoinist.com/charlie-lee-labels-litecoin-cash-scam/

no way this is smart, to give private key to someone elses wallet,...they must be kidding...lol

It's extremely risky to buy in and then hope that the fork is worth enough to cover your investment costs. With Bitcoin Cash it was a little bit different because the hype was just so tremendous. But forks are less and less interesting.



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Totscha
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February 20, 2018, 09:54:34 AM
 #5619

Will we be able to eventually claim LCC if our LTC was held in a ledger Nano s during the fork?

Nobody here cares about the LCC scam coin Wink
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February 20, 2018, 10:11:24 AM
 #5620

It is true that this space is based on Open source but can't justify a fork which is totally unnecessary. Why I say it unnecessary because a team of developers is working on original coin under supervision of Satoshi Lite who created the coin. They are continuously working to upgrade and improve the code and coin's usage then what sense makes this fork ?
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