[ANN] Litecoin - a lite version of Bitcoin. Launched!

[veebee]

WHATS UP GUYS!!

See a lot of familiar names.

sup coblee great work man keep it up!

Total BTC: 525.62055133 <- 

[1714050329]

1714050329

[StewartJ]

Will someone on this thread please look at my signature?

My part to help promote LTC awareness, please feel free to do this yourself.

Such promotion is warranted, especially in light of the recent price jump on the LTC/BTC exchange.

Keep on mining it folks... we'll buy more...  

[ThiagoCMC]

I'll add extra 200KHash/s to Litecoin P2Pool ASAP!!
And, I'm also writing a quick guide for you guys!

[ineededausername]

As an outside observer, I have noticed that Litecoin is the only altchain thus far to have a user base that actually attempts to use it. 

[ThiagoCMC]

As an outside observer, I have noticed that Litecoin is the only altchain thus far to have a user base that actually attempts to use it. 

I have the same feelings about Bitcoin and Litecoin... And about Namecoin also...

Lots of my friends, only mine for Litecoins, because they don't have GPUs... But a lots of idle CPUs... This is a great reason why I like Litecoin... More people can make money with its idle computers right now... I'm sure this is a good thing...

I'm earning 30 Bitcoins a month, mining for Litecoins.

Cheers,
Thiago

[ThiagoCMC]

I'll add extra 200KHash/s to Litecoin P2Pool ASAP!!
And, I'm also writing a quick guide for you guys!

Done.  ^^

Quick guide comming!   

[ThiagoCMC]

Guys,

 I have some questions:


 1 Where can I find the blocks mined by Litecoin P2Pool?


 2 Why the function "connect=IP" at ~/.litecoin/litecoin.conf does now download the blockchain from my Litecoin "master node" (both at the same subnet/mask)? I can see 1 connection @ getconnectioncount but, the getblockcount stops increasing (or never leaves 0 if I start a fresh Litecoin with connect=X from the beginning).


 3 How can I donate some Litecoins to the P2Pool miners? Just like this:

 Additional subsidy for P2Pool users: 1-3btc/day
 https://bitcointalk.org/index.php?topic=57027.0

 So, I would like to do something like: "Additional subsidy for Litecoin P2Pool users: 100~500 LTC/day"

 But how?!


Cheers!
Thiago

[Matoking]

Guys,

 I have some questions:


 1 Where can I find the blocks mined by Litecoin P2Pool?


 2 Why the function "connect=IP" at ~/.litecoin/litecoin.conf does now download the blockchain from my Litecoin "master node" (both at the same subnet/mask)? I can see 1 connection @ getconnectioncount but, the getblockcount stops increasing (or never leaves 0 if I start a fresh Litecoin with connect=X from the beginning).


 3 How can I donate some Litecoins to the P2Pool miners? Just like this:

 Additional subsidy for P2Pool users: 1-3btc/day
 https://bitcointalk.org/index.php?topic=57027.0

 So, I would like to do something like: "Additional subsidy for Litecoin P2Pool users: 100~500 LTC/day"

 But how?!


Cheers!
Thiago

litecoind sendmany "" "$(GET http://127.0.0.1:9333/patron_sendmany?total=AMOUNTHERE)"

That should work for p2pool donations when you have p2pool running.

[illpoet]

As an outside observer, I have noticed that Litecoin is the only altchain thus far to have a user base that actually attempts to use it. 

Lots of my friends, only mine for Litecoins, because they don't have GPUs... But a lots of idle CPUs... This is a great reason why I like Litecoin... More people can make money with its idle computers right now... I'm sure this is a good thing...

this is why i'm thinking litecoin could become more mainstream in time.

[TradersEdgeDice]

BTC has been a bust so far in the last two years of offering it as a payment option.

Still believe in it.  I still believe cryptocurrency its future. 

Now I'm offering payment in LTC.  The hope is that the more democratic accumulation of LTC means a chance of a viable economy.

[EskimoBob]

BTC has been a bust so far in the last two years of offering it as a payment option.

Still believe in it.  I still believe cryptocurrency its future. 

Now I'm offering payment in LTC.  The hope is that the more democratic accumulation of LTC means a chance of a viable economy.

I still think that all *coins so far have fucked up their PR by talking about "currency" instead of marketing BTC and others as a means of transferring funds - secure, fast and cheap.
What I am trying to say is *coins are not cryprocurrencies, but more like "cryptotransfers" with out the greedy bankers.
Keep presenting *coins as currency to general public and merchants and they will keep ignoring it.

[kano]

BTC has been a bust so far in the last two years of offering it as a payment option.

Still believe in it.  I still believe cryptocurrency its future. 

Now I'm offering payment in LTC.  The hope is that the more democratic accumulation of LTC means a chance of a viable economy.

I still think that all *coins so far have fucked up their PR by talking about "currency" instead of marketing BTC and others as a means of transferring funds - secure, fast and cheap.
What I am trying to say is *coins are not cryprocurrencies, but more like "cryptotransfers" with out the greedy bankers.
Keep presenting *coins as currency to general public and merchants and they will keep ignoring it.

Lucky that crypto's don't all charge any fees ... oh hang on

[EskimoBob]

I still think that all *coins so far have fucked up their PR by talking about "currency" instead of marketing BTC and others as a means of transferring funds - secure, fast and cheap.
What I am trying to say is *coins are not cryprocurrencies, but more like "cryptotransfers" with out the greedy bankers.
Keep presenting *coins as currency to general public and merchants and they will keep ignoring it.

Lucky that crypto's don't all charge any fees ... oh hang on
[/quote]

You obviously have no idea what fees banks take from merchants for processing CC and DC payments. ... oh hang on... ignorance is bliss.

[dishwara]

I still think that all *coins so far have fucked up their PR by talking about "currency" instead of marketing BTC and others as a means of transferring funds - secure, fast and cheap.
What I am trying to say is *coins are not cryprocurrencies, but more like "cryptotransfers" with out the greedy bankers.
Keep presenting *coins as currency to general public and merchants and they will keep ignoring it.

Lucky that crypto's don't all charge any fees ... oh hang on


You obviously have no idea what fees banks take from merchants for processing CC and DC payments. ... oh hang on... ignorance is bliss.

I just checked a website to exchange 100 LRUSD to WU.
They say i have to pay 10 LRUSD to the site for transaction & 30 LRUSD to WU, & I will receive 60 LRUSD in hand.
For 100 LRUSD to receive from internet to hand is 40% fees.

Bitcoin to Bitcoin/ alternate currencies transfer charge is 0.005 only

[kano]

LOL you both need to fix your quoting I only said one line in all that:

Lucky that crypto's don't all charge any fees ... oh hang on

When I exchange BTC to AUD on TradeHill and then transfer it to my bank account in Aus the bank transfer (0.5%) is the cheaper part, the TradeHill exchange charge is slightly more expensive (0.54%) but many BTC exchanges charge more than that also

But the point is that there are fees in BTC transactions and most people pay them without a care ... coz it's not a bank ...

As soon as a bank charges a fee (even a small one like I get charged) it's suddenly a greedy bank ... so I guess ALL exchanges are greedy also since they charge more than my bank transfer costs? ...
Yes many banks are greedy and many charge ridiculous fees, but, well, find a way around it

[dishwara]

https://www.wm-center.com/
https://www.wm-center.com/rates.php?type=exch
https://www.wm-center.com/sell/

This site is advertised in this forum.
You can see this in any page after 1st post on that page.

Why in this Bitcoin forum this site is advertised?

[ThiagoCMC]

Guys,

 I have some questions:


 1 Where can I find the blocks mined by Litecoin P2Pool?


 2 Why the function "connect=IP" at ~/.litecoin/litecoin.conf does now download the blockchain from my Litecoin "master node" (both at the same subnet/mask)? I can see 1 connection @ getconnectioncount but, the getblockcount stops increasing (or never leaves 0 if I start a fresh Litecoin with connect=X from the beginning).


 3 How can I donate some Litecoins to the P2Pool miners? Just like this:

 Additional subsidy for P2Pool users: 1-3btc/day
 https://bitcointalk.org/index.php?topic=57027.0

 So, I would like to do something like: "Additional subsidy for Litecoin P2Pool users: 100~500 LTC/day"

 But how?!


Cheers!
Thiago

litecoind sendmany "" "$(GET http://127.0.0.1:9333/patron_sendmany?total=AMOUNTHERE)"

That should work for p2pool donations when you have p2pool running.

You sure that the P2Pool @ 9333 port is for Litecoin?

[ThiagoCMC]

For Litecoin subsidy to P2Pool miners, the port should be 9327!

[ThiagoCMC]

1000 Litecoins donated to Litecoin P2Pool miners!!

~/litecoin/src/litecoind sendmany "" "$(wget -O- wget http://MY_IP_ADDRESS:9327/patron_sendmany?total=1000)"
...
ea90d3c7756fcd7c720e222042671a3d17cf1581f8cc12440b95131700a4cf77

Cheers!
Thiago

[EskimoBob]

LOL you both need to fix your quoting I only said one line in all that:

Lucky that crypto's don't all charge any fees ... oh hang on

... As soon as a bank charges a fee (even a small one like I get charged) it's suddenly a greedy bank ... so I guess ALL exchanges are greedy also since they charge more than my bank transfer costs? ...
Yes many banks are greedy and many charge ridiculous fees, but, well, find a way around it

This is getting way off topic but for start, read this:
http://truecostofcredit.com/558231 and  http://credit-card-processing-review.toptenreviews.com/v2/

If LTC can do it for <0.0N LTC flat ... sounds like a good deal to me.
Now, if we can build LTC "marketing" based on hard facts like numbers - how Panucci's Pizza can save 5K USD in transaction fees per year - then people get curious and start adapting LTC for real life use.
If Mr Panucci can buy flour for LTC, he has no need to go and feed the exchange or the bank.

LTC has 2 enemies at the moment:

1) unstable price
2) nonexisting real life use

BTC is no better but I like to buy coffee for BTC from http://bitbrew.net/ 
Hopefully they start accepting LTC soon.

If you really give shit about LTC, find a way how to spend it (exchange for goods and services) or convince your favourite shop keeper to accept it as a way to transfer funds.