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Author Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched!  (Read 1466175 times)
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September 15, 2021, 07:52:21 AM
 #8181

Litecoin working with Walmart was one of the worst fake news I heard this year and it was all well aranged planned pump and dump plan.
Only outcome after this is creation of nice L shape pattern on trading chart  Cheesy
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litecoingva
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September 16, 2021, 04:15:08 AM
 #8182

litecoin #MWEB #omnilite #NFT #USDTŁ ... a sleeping giant

Litecoin7k

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September 16, 2021, 08:11:17 AM
 #8183

Charlie Lee, managing director of the Litecoin Foundation, confirmed on Bloomberg TV that the foundation had retweeted fake news about cooperation with Walmart the day before.
"This time we really screwed up. This has nothing to do with us, and we will try to find out who did it " Lee said https://www.bloomberg.com/news/articles/2021-09-13/litecoin-foundation-screwed-up-lee-says-about-walmart-snafu?sref=AACmJ2tc


Funny enough. How Litecoin Foundation can tweeted a fake news because they are insiders and they have source of legit news and everything happened inside the Litecoin project.

I considered it as a trial attempt to test the market. Real pumps will be carried out and moon we go. It sounds like I am a Litecoin enthusiast. I am not but I see Litecoin price is good to invest now. It has a long accumulation and I think the fake news, the trial pump came at very good time.

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.PLAY NOW.
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October 07, 2021, 03:07:25 PM
 #8184

Charlie Lee, managing director of the Litecoin Foundation, confirmed on Bloomberg TV that the foundation had retweeted fake news about cooperation with Walmart the day before.
"This time we really screwed up. This has nothing to do with us, and we will try to find out who did it " Lee said https://www.bloomberg.com/news/articles/2021-09-13/litecoin-foundation-screwed-up-lee-says-about-walmart-snafu?sref=AACmJ2tc


Funny enough. How Litecoin Foundation can tweeted a fake news because they are insiders and they have source of legit news and everything happened inside the Litecoin project.

I considered it as a trial attempt to test the market. Real pumps will be carried out and moon we go. It sounds like I am a Litecoin enthusiast. I am not but I see Litecoin price is good to invest now. It has a long accumulation and I think the fake news, the trial pump came at very good time.

Lite Lite Lite ====> wally world ;-D weeeeeeeeeeeeee $1000 LTCorn GOGOGOGOOOOO

©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!
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October 07, 2021, 03:09:13 PM
 #8185

Litecoin working with Walmart was one of the worst fake news I heard this year and it was all well aranged planned pump and dump plan.
Only outcome after this is creation of nice L shape pattern on trading chart  Cheesy

litecoin ammo BANNED in chinese run walmart Wink)) teehehehe

©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!
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October 09, 2021, 04:54:54 PM
 #8186

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.

$LTC in 2011!!! whoa you new here ? =^D LOLOLOLLLLZZZZ

©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!
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October 09, 2021, 05:17:53 PM
 #8187

Litecoin working with Walmart was one of the worst fake news I heard this year and it was all well aranged planned pump and dump plan.
Only outcome after this is creation of nice L shape pattern on trading chart  Cheesy

Littcorn PAMPIN' + inkoming to TARGET™GOGOGOO ~~~(((confirmed on r3ddit )))~~~ WEEEEEEEEEEEEEEEEEEEEEEEE
===> https://yobit.net/en/trade/LTC/BTC HOOOOOOOOOOOOOOOOOOOOOOOOOOOTTT


©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!
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October 10, 2021, 04:17:13 PM
 #8188

after that pump and dump because of fake news the price of litecoin in relation to bitcoin is dropping to a very scary level:

0.003251 btc


this is the lowest price i've seen since years ago, other altcoins have dropped in price compared to bitcoin, but they haven't actually dropped to as alarming a level as litecoin. Is a very sad scenario

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..PLAY NOW..
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October 10, 2021, 07:02:36 PM
 #8189

after that pump and dump because of fake news the price of litecoin in relation to bitcoin is dropping to a very scary level:

0.003251 btc


this is the lowest price i've seen since years ago, other altcoins have dropped in price compared to bitcoin, but they haven't actually dropped to as alarming a level as litecoin. Is a very sad scenario
Most LTCs are made up of a few people, which means that it is kept low because you need to be able to trade in a robust way with low commissions.
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October 11, 2021, 04:03:51 PM
 #8190

after that pump and dump because of fake news the price of litecoin in relation to bitcoin is dropping to a very scary level:

0.003251 btc


this is the lowest price i've seen since years ago, other altcoins have dropped in price compared to bitcoin, but they haven't actually dropped to as alarming a level as litecoin. Is a very sad scenario


/\LTC will x2 before the end of the year imho hodL LTCCCCCCC

©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!
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October 11, 2021, 04:31:34 PM
 #8191

after that pump and dump because of fake news the price of litecoin in relation to bitcoin is dropping to a very scary level:

0.003251 btc


this is the lowest price i've seen since years ago, other altcoins have dropped in price compared to bitcoin, but they haven't actually dropped to as alarming a level as litecoin. Is a very sad scenario
If your list is old altcoins from 2017 at least, Ethereum, Litecoin, Ripple, DASH, Monero, you can see only Ethereum has good price in BTC compares to 4 years ago.

Ethereum makes a new all time high in this bull run but its price in Bitcoin did not reach the past ATH. Other altcoins did not make their new all time highs so their price in Bitcoin are lower certainly.

I am holding Litecoin and will hold it because it is one of a very few altcoins can survive on the market more than 4 years.

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BITCOIN
DICE
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WIN A LAMBO !

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.PLAY NOW.
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October 12, 2021, 09:28:56 PM
Last edit: October 12, 2021, 09:41:29 PM by Nakarato
 #8192

Creating Litecoin was something that the market was needed.
Now the brother Litecoin Cash is waking up and filling the next gap.
Hope to see Litecoin and Litecoin Cash together soon.
https://bitcointalk.org/index.php?topic=5363430.0
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October 14, 2021, 11:40:35 AM
 #8193

Happy 10th Birthday Litecoin Smiley

To celebrate Litecoin's 10th Birthday, Chain-Bet.com is giving away 0.1 LTC. Details: https://twitter.com/Chain_Bet_/status/1448611831140868101

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October 16, 2021, 12:21:47 PM
 #8194

Belated happy birthday Litecoin. I wish you hit 1k USD in this bull cycle. Wink
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October 16, 2021, 12:46:40 PM
 #8195

Happy 10th Birthday Litecoin Smiley

To celebrate Litecoin's 10th Birthday, Chain-Bet.com is giving away 0.1 LTC. Details: https://twitter.com/Chain_Bet_/status/1448611831140868101
This contest is over. 11 participants, who provided proper Litecoin address, have received 0.0090896 LTC each.

https://blockchair.com/litecoin/transaction/d3fc61867f19ff229a426bd780865bd7d7b9e39b2a929bc824624607de4d1355

Related Tweet: https://twitter.com/Chain_Bet_/status/1449344183261560837

It took only 0.00001440 LTC or 1440 Litoshi to confirm a 1430 Byte transaction with 7 i/p & 12 o/p. It is interesting to see ~1 Litoshi/Byte transactions still get confirmed at next block on Litecoin network. Smiley



Belated happy birthday Litecoin. I wish you hit 1k USD in this bull cycle. Wink
Ah! That's a very wishful thinking IMHO. Cheesy

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October 16, 2021, 10:50:10 PM
 #8196

Turn that doge into Litecoin cash

true.
Love Litecoin Cash and Litecoin too.
Brothers. All time.
neev
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October 19, 2021, 03:05:00 AM
 #8197

Litecoin is going to set a new ath this week. Invest now and thank me later
gembitz
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October 20, 2021, 04:22:18 PM
 #8198

"$LITO" Litecoin ETF inkoming 2025ish?lmaoooooo WEEEEEEEEE

https://trade.kraken.com/charts/KRAKEN:LTC-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 #XTZ ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
neev
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October 20, 2021, 05:38:56 PM
 #8199


What is that ?
gembitz
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October 20, 2021, 05:44:40 PM
 #8200

"$LITO" Litecoin ETF inkoming 2025ish?lmaoooooo WEEEEEEEEE

https://trade.kraken.com/charts/KRAKEN:LTC-BTC

What is that ?

LITECOIN ETF SYMBOL *LEAKED*===> " $LITO " Wink LOLLLL

https://freiexchange.com/market/LTC/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 #XTZ ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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