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Author Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched!  (Read 1431807 times)
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July 31, 2018, 08:24:36 PM
 #6381

I didn't say LTC will reach any price. I just said that if you can't withstand LTC dropping 90% in value, don't invest. Could LTC go to $30 this year, sure? Do I think it's likely? No. Did I think LTC would drop this much this year? No, it was a bug surprise.

If it falls to these levels then the market will probably have a capitalization of less than 100 billion. If you soberly watch those support levels exactly above $ 55 in any case. The project has been working for a number of years already and has proved itself, which means that it is possible to invest and buy on stock exchanges.

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July 31, 2018, 11:45:50 PM
 #6382

I said that litecoin will go to the 7th place, I said that it will cost less than 120 $. And you said that $ 500 in May. HA HA.

Do you need to lose everything? Good luck.

I'm waiting for the 8th place and $ 60 and less

Crypto is the future, but there is not for litecoin. It just bad copy of bitcoin

Either you are a fudder trying to bring down the price to buy lower, or you dont understand litecoin at all. Do some research please


I did a research and litecoin is just one of thousands of copies. I wonder how Charlie deceived so many people. Maybe, Do you believe in a Church of the Flying Spaghetti Monster?

Ignore him, it's just a FUD account of an EOS shill.

It was opened in January just to spread FUD on LTC.


Of course ignore, and bring money to him. He spent when he bought $ 250 and now wants to return at the expense of beginners. Around the litecoin, some scammers and deceived. I'm only trying to make the deceived less. I'm not for EOS, buy any other coin. but not litecoin, this is shit
we need price stability.

it's true that the founder of ltc dump his shares?

yes, true, LTC is now a shitcoin... at least he was clear about his intentions

I don't think LTC is a shitcoin. It will also rise when BTC goes up. You can say to every coin it is shit. And I belive in it more then other coins. Let's wait and we will see what happen Wink
Listen to yourselves. I think there is so much good news now, its only a matter of time the market will rise drastically! As slow & steady coin, I hope it can break out.
i hope litecoin can do it. with the current stable price lite coin could break out upward
right now people are selling everything for bitcoin ETF but after that people will sell bitcoin for altcoins and the price of altcoin will rise specially top 50 altcoins,
now bitcoin ETF is delayed till September.
 

I remember buying litecoin in january of 2017. The same people that called litecoin a shitcoin at 4$ probably jumped on the train at 40$ back in 2014. Now those people are calling it shit again after buying in at 300. Let them talk, they dont cost us anything lol

Hm yes but there are also limits to these prices. I mean if it goes up to 3000$ will you still hold? Seriously, what's a price point where you would exit?

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July 31, 2018, 11:55:35 PM
 #6383

Litecoin is still worth investing in a medium to long-term holdings, a coin that has been around for years and has a good community base.

Yes i will agree with you mate, it is long been testing and proven by its strong and reliable dev team.  They will not stop enhancing and innovativing the project to serve the crypto world needs and satisfaction to individuals who are using and making crypto as part of their daily activities.



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August 01, 2018, 03:06:06 AM
 #6384

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.

Dear Litecoin Team
Your coin may be free of listing on Aiodex if the number of votes is large enough.
Let's vote for it ☞ https://aiodex.com/?ref=5b45a599c7165734d36bb3fc
Please, Don't hesitate to let us know if you have any questions.
Sincerely,
Aiodex Team
Discord: https://discord.gg/RvhvdZq
Facebook: https://www.facebook.com/aiodexofficial
Twitter: https://twitter.com/aiodex_official
Telegram: https://t.me/aiodex_official
Website: https://aiodex.com
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August 01, 2018, 03:21:38 AM
 #6385

Litecoin is still worth investing in a medium to long-term holdings, a coin that has been around for years and has a good community base.

Litecoin is not for short-term investment because last year we have seen how potential the price of litecoin. We have to wait and see what is the price of litecoin is going to be in the coming days.


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August 01, 2018, 02:18:21 PM
 #6386


Litecoin is not for short-term investment because last year we have seen how potential the price of litecoin. We have to wait and see what is the price of litecoin is going to be in the coming days.
I do not think that Litecoin in the coming days or even in the near future that it will change much. Now it seems to be the market conventional procurement. Just the next growth will take more time than it was last year.
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August 02, 2018, 07:55:55 AM
 #6387


Litecoin is not for short-term investment because last year we have seen how potential the price of litecoin. We have to wait and see what is the price of litecoin is going to be in the coming days.
I do not think that Litecoin in the coming days or even in the near future that it will change much. Now it seems to be the market conventional procurement. Just the next growth will take more time than it was last year.

In any case, in the portfolio of each lightcoin should be simply due to liquidity and the fact that it enters the top coins by capitalization. I better keep my money here than in the other thousand coins that promise a huge profit.

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August 02, 2018, 07:46:02 PM
 #6388

I believe that the LTC will have the same acceptance as payment method that the BTC / ETH (currently the most used). It's a coin that has been showing its growth potential over the years.
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August 02, 2018, 08:20:50 PM
 #6389

I believe that the LTC will have the same acceptance as payment method that the BTC / ETH (currently the most used). It's a coin that has been showing its growth potential over the years.
I use Litecoin to make quick payments. It is very convenient and a small commission. also I think that this is a stable investment.
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August 03, 2018, 11:44:22 AM
 #6390

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August 03, 2018, 02:49:48 PM
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 #6391

Well, it seems some people think Litecoin is going to go up soon. I don't see that...

LTC has done nothing within the latest bull run in BTC, check it and you will see LTC is going to hit even newer lower lows! (in the make right now)
And nobody ask themself; How is it possible the Charlie Lee sold -his- LTC on exactly the LTC highs and from that point LTC dropped like a brick.
I am sure this guy was -told- to sell!

This will go lower and some very big boys will keep buying LTC for bargains till the end of this year and even next year.
I think this -party- is going for an 51%+ in LTC and also behind the bank that LTC has bought in 9.9% (with Bitpay(?) also 9,9%)

Maybe I am wrong, but what is going on is the creation of a new "financial instrument" in what LTC has the big role.
Make sure you have also 51%+ of the hashing power and you can consider LTC -yours- with full control.

Combine this with a payment processor and the Lightning network of LTC and this "new product" is able to compete with Visa and is ready for millions and millions transaction a day. Who gets ALL these fees...  Wink
And that is also why a Bank is needed. Users in Crypto are low, bent your product for use on other markets and you have mass acceptance without "the people" know there are using Crypto\Blockchain.
At the frontside you can name this whatever you like. You can even call it "Euro" or "Francs" for even quicker acceptance.

I think BCH is walking the same line, but here is Bitmain the one and BCH has chosen to create big blocks instead of a Lightning layer.
Technically it will be able to do the same, only chosen a other solution.

Maybe I get it wrong... Time will tell.
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August 03, 2018, 04:48:34 PM
 #6392

#4 in volume, just bought 10% of a bank, soon to release debit cards, lightning network..things are shaping up nicely. Cheesy
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August 03, 2018, 09:21:58 PM
 #6393

#4 in volume, just bought 10% of a bank, soon to release debit cards, lightning network..things are shaping up nicely. Cheesy

especially once the new york stock exchange will launch a crypto platform; i believe most investors will look at bitcoin and think 'well i might be able to multiply my investment by 10 in a few years', but they'll look at litecoin and say 'if I invest 1000$ now i'll be able to retire in 5 years'

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August 03, 2018, 09:28:28 PM
 #6394

I didn't say LTC will reach any price. I just said that if you can't withstand LTC dropping 90% in value, don't invest. Could LTC go to $30 this year, sure? Do I think it's likely? No. Did I think LTC would drop this much this year? No, it was a bug surprise.

If it falls to these levels then the market will probably have a capitalization of less than 100 billion. If you soberly watch those support levels exactly above $ 55 in any case. The project has been working for a number of years already and has proved itself, which means that it is possible to invest and buy on stock exchanges.

Litecoin is the second greatest altcoin of all time. Many exchanges have supported him until now, from small to large exchanges, all becoming one for the power of litecoin.
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August 04, 2018, 08:01:20 PM
 #6395

I didn't say LTC will reach any price. I just said that if you can't withstand LTC dropping 90% in value, don't invest. Could LTC go to $30 this year, sure? Do I think it's likely? No. Did I think LTC would drop this much this year? No, it was a bug surprise.

If it falls to these levels then the market will probably have a capitalization of less than 100 billion. If you soberly watch those support levels exactly above $ 55 in any case. The project has been working for a number of years already and has proved itself, which means that it is possible to invest and buy on stock exchanges.

Litecoin is the second greatest altcoin of all time. Many exchanges have supported him until now, from small to large exchanges, all becoming one for the power of litecoin.
Litecoin is not the second largest altcoin. you know this.
But I agree that this coin is very promising.
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August 06, 2018, 08:50:43 AM
 #6396

Is anyone expecting to see the $50 LTC again in near future? I see so much talk about it on youtube, but the more people want that the less chance to get it. Grin Grin
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August 06, 2018, 09:25:54 AM
 #6397

Guys, I need to come up with this big write-up on Litecoin, tell me – was there ever a turning moment? I.e. was Litecoin ever not popular or anything like that? I will be happy with your feedback and help
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August 06, 2018, 09:35:07 AM
 #6398

Guys, I need to come up with this big write-up on Litecoin, tell me – was there ever a turning moment? I.e. was Litecoin ever not popular or anything like that? I will be happy with your feedback and help


That'd be adding LTC to Coinbase, where Charlie worked
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August 06, 2018, 01:04:14 PM
 #6399

Hi guys, do you have any info about Gemini and ltc? They have promised to add this coin 3 month ago
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August 07, 2018, 08:58:26 PM
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#4 in volume, just bought 10% of a bank, soon to release debit cards, lightning network..things are shaping up nicely. Cheesy

especially once the new york stock exchange will launch a crypto platform; i believe most investors will look at bitcoin and think 'well i might be able to multiply my investment by 10 in a few years', but they'll look at litecoin and say 'if I invest 1000$ now i'll be able to retire in 5 years'

If the new york stock exchange launches a crypto trading desk we first need to see which cryptos they are going to list for trading. I mean LTC should be among those but you never know.

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