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Author Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched!  (Read 1466129 times)
Totscha
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March 16, 2018, 03:25:30 PM
 #5781

And the posting out of context reward of the week goes to:

Sending Cryptocurrency To Email
Even if the recipient doesn’t have a wallet yet
When PayPal started, they allowed to send money to an email address of another PayPal user. Users didn’t have to exchange any wallet numbers prior to payment. Another smart move: this worked even if the recipient was not a PayPal user yet. He was prompted to sign up and instantly take the money.

In cryptocurrencies, we are still sending payments to cryptic addresses like 1BtjAzWGLyAavUkbw3QsyzzNDKdtPXk95D or TKT4UESIKTTRALRRLWS4SENSTJX6ODCW, the recipient has to be already in the system, and we need to ask him about his address. And after a payment is sent, there is no easy way to tell who was the recipient. Not quite user friendly for mass adoption.

Now, this is going to change.

With the release of Byteball wallet version 2.0, Byteball users can send Bytes to email. Even if the recipient is not in Byteball yet.

The sender just writes an email address where he would normally write a Byteball address:


When he hits “Send”, his email app is opened with prefilled text for the recipient. The sender can edit it before sending.

The recipient receives an email like this:


He clicks the link and the money is added to his balance. If he doesn’t have a wallet yet, he is prompted to install in order to receive the money.

Simple as hell.

When PayPal was starting, email was the only wide spread method of P2P communication over the Internet. Now we have a lot more options, some of them are even more convenient, especially on mobiles.

When the sender is on a mobile phone and switches to “Share via message” tab (see the screenshot above), he is able to use all the options available through the phone’s standard “Share” menu: text message, Telegram, WhatsApp, WeChat, Signal, Viber, Slack, Facebook Messenger, Skype, etc. The recipient receives the same link, but through a chat app.


In any case, the money is delivered through text media, that’s why we call it textcoin.

On the technical part, the link which is delivered contains a BIP39 mnemonic (we use dashes instead of spaces to avoid confusion with wallet seed). Only one address, with path m/44'/0'/0'/0/0, is generated from the mnemonic, the coins are actually sent to this address. When the recipient claims the funds, his wallet restores the private key from the mnemonic (everything happens in the background and looks instantaneous), and sweeps the entire balance from this address to one of his own addresses.

Double fee has to be paid, first to fill the temporary address where the money is stored in transit, then to sweep its balance. The sender adds a small amount to cover the fees spent when sweeping. So, the amount displayed in the email or text message is the exact net amount. This is to make it clearer for the recipient, especially when he is new to crypto.

The textcoins might be delivered through insecure media, such as emails or unencrypted chats. That’s why it is recommended to use them only for small amounts or through end-to-end encrypted chats, such as Signal, WhatsApp, and iMessage.

If the sender makes a mistake in the email address or chooses a wrong recipient, the money is not lost. The sender can claim the money back using the same mnemonic. It is saved in the wallet for such occasions, and a “claim back” link is available on transaction details page.

This is like PayPal but with one important difference. The money is not kept in custody of PayPal or any other third party. The money is sent directly, from sender to recipient, peer-to-peer, in the spirit of crypto.
Coblee = Charlie Lee? The Market Maker himself!
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March 16, 2018, 08:01:55 PM
 #5782

StealthPay gives you the possibility buy LTC with cash if you are registered on Bittrex.

Here are the steps to go:

1) Get a XST address on Bittrex.
2) Buy StealthCoin with cash transfer here: http://www.stealthpay.com/buyxst (Western Union, MoneyGram, Contact, Unistream, Ria Money Transfer, Leader, Sigue Money Transfer, Intel Express)
3) Exchange XST (StealthCoin) to BTC on Bittrex.
4) Buy LTC with BTC.

No limits. Enjoy.

www.stealthpay.com
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March 16, 2018, 08:38:06 PM
 #5783

LTC is now more desirable for exploration investment foreign currency, but now the cost to buy when the price is not really low
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March 17, 2018, 06:42:40 AM
 #5784

https://bitcointalk.org/index.php?topic=428589.msg32494778#msg32494778

Sale the first NFT of the first foto
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March 17, 2018, 11:30:36 AM
 #5785

Litecoin may be able to perform after the founder's selling, but the recent adjustment has also taken place with the adjustment of who's leading bit currency.
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March 17, 2018, 03:32:00 PM
 #5786

Litecoin may be able to perform after the founder's selling, but the recent adjustment has also taken place with the adjustment of who's leading bit currency.
Litecoin grew well with bitcoin but not for long

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what is happening
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March 18, 2018, 12:48:18 PM
 #5787

VIACOIN IMPLEMENTD IOTA PROTOCOL SOARRRRRRRRRRRR
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March 19, 2018, 10:44:39 AM
 #5788

This Litecoin like bitcoin away from the historical price at the bottom of the coin, and then how to adjust or just days after a new high.
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March 19, 2018, 11:57:42 AM
 #5789

This Litecoin like bitcoin away from the historical price at the bottom of the coin, and then how to adjust or just days after a new high.
Yes.
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March 19, 2018, 02:54:43 PM
 #5790

It can extremely dangerous to buy within and then wish that the fork is worth sufficient to cover your own investment expenses.
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March 20, 2018, 02:45:48 AM
 #5791

Have any of you tried out Abra yet?

I'm tempted to give it a go just to see what it's like and how it works. Do you know if you're able to transfer out any crypto you've purchased on there to private wallets?

Ælf; the 3rd gen Blockchain Network. Sign up & earn Ælf! (https://candy.aelf.io/account/register?invitationCode=0L0Y0V0H3F2M)
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March 20, 2018, 05:39:40 AM
 #5792

The founder's money runs out, and the price of Litecoin is still high. This shows that LTC has gone out of its own development system.
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March 20, 2018, 09:06:46 PM
 #5793

The cost of LTC is usually more than 15 percent less than the price you anticipate.
I think that this price is nevertheless small right now; it's time for you to invest in the LTC.
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March 21, 2018, 12:39:39 AM
 #5794

The founder's money runs out, and the price of Litecoin is still high. This shows that LTC has gone out of its own development system.

What do you mean by "founder's money runs out" ? Hss Charlie Lee declared anything? I doubt so...
Also I don't think that LTC price is high at the moment, it is less than the middle of its ATH/

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March 21, 2018, 01:08:22 AM
 #5795

Litecoin may be able to perform after the founder's selling, but the recent adjustment has also taken place with the adjustment of who's leading bit currency.

Do you mean that since Charlie Lee sold his LTC it can now perform better? That's complete nonsense if that is what you wanted to say.

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March 21, 2018, 12:28:57 PM
 #5796

The cost of LTC is usually more than 15 percent less than the price you anticipate.
I think that this price is nevertheless small right now; it's time for you to invest in the LTC.
It's better to wait and so on, but when the bull market comes, I believe Litecoin will bring great surprises to investors.
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March 21, 2018, 12:37:09 PM
 #5797

After segwit activation and now lightening network adoption is going to bring Litecoin back its lost position like in starting years it had. This time increase in value was based on what is coming next. Litecoin is maintaining value which speaks for itself without need of adding something extra. Charlie Lee isn't revealing everything but doing instead of talking.
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March 21, 2018, 07:07:19 PM
 #5798

It's a pity that about LitePay still nothing is heard. This news was very effectively for LTC, but all expectations broke quickly. Of course, if new information about this project is appears, then Litecoin is able to update its maximum.
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March 22, 2018, 03:06:38 AM
 #5799

It's a pity that about LitePay still nothing is heard. This news was very effectively for LTC, but all expectations broke quickly. Of course, if new information about this project is appears, then Litecoin is able to update its maximum.
yes you are right all in sudden nobody talk aboute litepay like its never exist
and also lite coin price is ata 170$ today
price is going down day by day
lite coin was about to cross 400$ and more but then dump
i am still hopeful that lie coin price will bounce up again 
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March 22, 2018, 03:52:39 AM
 #5800

It's a pity that about LitePay still nothing is heard. This news was very effectively for LTC, but all expectations broke quickly. Of course, if new information about this project is appears, then Litecoin is able to update its maximum.
yes you are right all in sudden nobody talk aboute litepay like its never exist
and also lite coin price is ata 170$ today
price is going down day by day
lite coin was about to cross 400$ and more but then dump
i am still hopeful that lie coin price will bounce up again 

Same here. I am one of the hopefuls that one day Litecoin will return to its high price. I am holding for nearly a year already it just keeps going down lately.
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