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Author Topic: (Unofficial) [ANN] Litecoin [LTC] to X11 algorithm hardfork  (Read 67881 times)
Mirkic7
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March 31, 2014, 06:39:51 AM
 #201

While initially sounds like great idea - it isn't.

First of all, I'm using just GPU for mining. No ASIC.

But - ASIC's is thing that will keep LTC afloat. Hardfork to X11 will just plummet it to ground.

Why? Again -ASIC's. Big bucks invest into it, and this is what will keep it's price up.
I do hope there will be decent X11 alt-coins which can keep up the price so they are profitable for regular GPU miners.
But, hardforking LTC will most likely be it's doom.
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HCLivess
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March 31, 2014, 07:28:47 AM
 #202

Let me correct this for you.
You are not a LTC dev, you are a "dev" who wants to meddle with LTC algo
You want to create a LTC for to introduce a new coin
You are intentionally misleading people for your own profit

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cryptodevil
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March 31, 2014, 07:45:54 AM
 #203

OP, are you using someone else's account to post this thread?

It's just that all your previous posts on this forum are, well, considerably less verbose and littered with odd habits such as double commas, something that is *entirely* absent from your posts on this thread and topic.


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March 31, 2014, 08:00:26 AM
 #204

TL;DR

This is a new coin, NOT Litecoin - they just take the name since they hardfork from the blockchain aka your addresses are still there but you can't sell those as "scrypt" LTC, it's an entirely different blockchain and the coin name is just missleading - better call them xLTC.

This has zero impact on the original LTC - xLTC is just another shit-coin...

PMB
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March 31, 2014, 10:20:51 AM
 #205

So we need an successful 51% attack for the fork?

We need a majority of pools, exchanges and users to update their clients / daemons to the new hardfork.
The blockcount of 564,480 is not set in concrete and may be subject to changes until we have a large enough support base for the hardfork.

Hi,

Let me get something straight. You fork the Coin but changing the algorithm will only make a new coin right? Litecoin will not change if the clients don't change to the fork right?

Although this is a good idea it doesn't sound feasible. Litecoin is a stable coin in the community and in reality you'll only be creating a new coin because I dhought that a majority of the ltc community (exchanges included) will go this way.

In reality even if the exchanges accept this coin it is more likely to be a LTCx as someone suggest than LTC itself.

Just my humble opinion.

regards,

P.
platorin
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March 31, 2014, 10:32:10 AM
 #206

This idea won't work, and if it does, not the way you intended to.

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March 31, 2014, 10:34:06 AM
 #207

Let me correct this for you.
You are not a LTC dev, you are a "dev" who wants to meddle with LTC algo
You want to create a LTC for to introduce a new coin
You are intentionally misleading people for your own profit

That's true. But I'm afraid of most of users won't realise it.
They just want to do sth for the purpose of their own profit.

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coblee
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March 31, 2014, 10:42:28 AM
 #208

Here's our response: https://litecointalk.org/index.php?topic=18166.0

andrebrito88
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March 31, 2014, 10:45:48 AM
 #209

No thanks.

Lol confess, you buy an asic LOL
IloveAnonCoin
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March 31, 2014, 10:47:15 AM
 #210


Here is the response from official dev Litecoin, and I believe in his decision
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March 31, 2014, 10:47:47 AM
 #211


So here is OFFICIAL LTC announce, right? great. Keep unchanged.

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Raw-H
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March 31, 2014, 10:54:26 AM
 #212


I agree with Coblee, it would hurt the coin too much if this project succeeds.

Instead use another name for the coin like HiroCoin did.
FaberJuK
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March 31, 2014, 11:23:21 AM
 #213

RIP litecoin
Anotheranonlol
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March 31, 2014, 11:32:05 AM
 #214

RIP litecoin

+1 shorting the life out of ltc.

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March 31, 2014, 12:49:58 PM
 #215


LOL of course Litecoin devs doesn't want the algorithm to change... because they massively invested in ASIC scrypt.

Don't listen to ASIC investors. Do the X11 algorithm change or get fucked.

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hashnine
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March 31, 2014, 12:53:11 PM
 #216

Let me correct this for you.
You are not a LTC dev, you are a "dev" who wants to meddle with LTC algo
You want to create a LTC for to introduce a new coin
You are intentionally misleading people for your own profit

+1

In all case we have enough coin, so if litecoin die it will be Ok (i sold all my litecoin yesterday for invest into other coins)

We need to delete some coins, i can understand than people who have LTC do not agree with me, but it's not my fault and your fault if a tons of coins are released.

Also the bitcointalk admin who let the "Altcoin Announcement" open, it kill the cryptocurrencies. Now you can blame the responsible.

Careful XC anonymous coin is a scam
aws
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March 31, 2014, 02:11:07 PM
 #217



This is a surefire way to kill the coin. Take a look at "Hirocoin" for example, a botnet is creating 600k a day and lets face it when the others catch on its going to be a bloodbath.

Dude!
Hirocoin has a one minute block rate and 400 coins per block
 so 24 * 60 *400 = 576,000 max coins per day
So how can this unnamed botnet of yours generate 600k a day
dzonikg28
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March 31, 2014, 02:24:43 PM
 #218



ASIC are Cancer off crypto world

First..in comparation with coin ridden  by ASIC banks look like Robih Huds .. all the wealth concentration is reduced to a couple of companies that produces ASICs and all others have to buy coins from them.

Secondly ..most thing that ASIC will bring price UP but  ASIC is slowly decreasing the price of a coin removing value from the coin... most  Bitcoin ASIC  are electronic trash now .. after few months off use ASIC become electronic trash .. they are all paid by the value off ​​bitcoin ie someone that bought bitcoin for flat .. after few months value off that ASIC is zero in flat ie so money that they had invested in price off  Bitcoin are thrown into the wind and stripped Bitcoin value ..only who is in plus is manufacturer of ASIC

Who bought the graphic like ati 7970 two years ago and it is still actual and kicking  and when not to be current for mining  it will still have a nice value for gaimers and they  will be perfectly happy with it...stronger them any gaming console.

For me ASIC driven coin is all that coin is made not to be ..few companies will make extra rich and few early adopters but ..it will be worst than flat.

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count_cyrpto
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March 31, 2014, 02:32:58 PM
 #219


Thanks for the response.

aws
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March 31, 2014, 02:44:21 PM
 #220

anyone ever thought that cryptos are in a huge bubble right now?
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