(Unofficial) [ANN] Litecoin [LTC] to X11 algorithm hardfork

[cryptodevil]

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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[Sy]

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]

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]

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

[fpmk]

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.

[coblee]

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

[andrebrito88]

No thanks.

Lol confess, you buy an asic LOL

[IloveAnonCoin]

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

Here is the response from official dev Litecoin, and I believe in his decision

[Dervie]

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

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

[Raw-H]

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

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]

RIP litecoin

[Anotheranonlol]

RIP litecoin

+1 shorting the life out of ltc.

[superresistant]

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.

[hashnine]

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.

[aws]

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

[count_cyrpto]

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

Thanks for the response.

[aws]

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

[quovadiz]

Why buy asics if mining with them isn't profitable unless you're the manufacturer smart ass?

I won't bother posting anymore, people in here need to get an MRI scan.

Perfectly agree with you... but lot of people have big problems... and will go on to think that asics means more hashpower for less energy, more coins with less fatigue... what to do? let them to think what they want... to spend their money and to realise after 2 months their hashpower is already shit and they didn't pay back the investment yet... not last they could use their asics as hi-tech ornament...

[quovadiz]

Why buy asics if mining with them isn't profitable unless you're the manufacturer smart ass?

I won't bother posting anymore, people in here need to get an MRI scan.

This. The only people who make any real money off ASICs are the manufacturers of them. By the time they sell them on to the public they're practically worthless.

"ASICs put power in the hands of the little guy!" LOL, there's one born every minute.

That $400 S1 Antminer will never pay for itself. Neither will the Titan when KnC have finished mining with it and flog it on to you suckers. For people in the money game it's amazing how many of you can't do simple math.

Ahahahah! EXACTLY!!!

[Beeker]

Added a link to the statement of a Litecoin developer to the OP.

https://litecointalk.org/index.php?topic=18166.0