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Question: Would you support a Litecoin [LTC] X11 hardfork?
yes
no
other (explain)

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Author Topic: [POLL] Would you support a Litecoin [LTC] to X11 algorithm hardfork?  (Read 12442 times)
Beeker
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April 01, 2014, 09:25:14 AM
 #101

We feel the 65% in the poll is a pretty convincing number for us to continue on our project.

The original developers vote against but Litecoin is not owned by them.
Litecoin is owned by the community.

The developers try to spread FUD, we expected this.
Phase 2 of project "LTC 2 X11" will start in 3 weeks from now.
We will contact pool operators of major pools and exchanges to make the transition as smooth as possible.

If pools and or exchanges won't follow us, we understand we can't finish our project. We need their support for this to succeed.
I expect they will be contacted by Coblee too, so we really need to convince them.

Thanks for your support so far!

Meep meep
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April 01, 2014, 09:33:30 AM
 #102

I'd support an algorithm that gives less power usage than X11
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April 01, 2014, 09:42:42 AM
 #103

What exactly would prevent the new algo from having an ASIC developed for it? Surely it's impractical to fork every time ASICs come on to the scene?

I'm all for forking, and people starting projects to work on but I think keeping the name will cause confusion and hurt Litecoin rather than help it.




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Beeker
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April 01, 2014, 09:57:02 AM
 #104

What exactly would prevent the new algo from having an ASIC developed for it? Surely it's impractical to fork every time ASICs come on to the scene?

I'm all for forking, and people starting projects to work on but I think keeping the name will cause confusion and hurt Litecoin rather than help it.

Litecoin will keep it's name. After the hardfork, Litecoin still is Litecoin, nothing changes except for the algorithm.
Some people may stay on the old fork by not updating their client but it will die soon as no exchange or pool will except it.

Meep meep
reRaise
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April 01, 2014, 10:19:32 AM
 #105

This x11 bullshit is such a fail. Dev just wants to make money on this so fuck off we already have enough coins. This coin will get many haters and won't get far anyway and i'm not even holding Litecoin.
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April 01, 2014, 10:21:50 AM
 #106


This x11 is such a win. Original Litecoin Devs just wants to make money of their ASIC investment. This coin will show everyone that the power is in the hand of community and not corporations.

Everyone that is against it is obviously an ASIC investor.

Here's my bag so you don't ask : Bitcoin, tenX, iexec, byteball and pepecash
HunterS
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April 01, 2014, 10:22:20 AM
 #107

THE ACTUAL LITECOINS DEVS MADE A STATEMENT THEY DONT WANT THIS.PISSOFF WITH YOUR BULLSHIT POLL AND MAKE YOUR OWN COIN.IF U CARRYING ON WITH THIS I HOPE THERE IS A LEGAL AVENUE THEY CAN TAKE TO SORT THIS OUT. >:(NO ONE BELIVES YOUR BULLSHIT VOTING POLL

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April 01, 2014, 10:26:30 AM
 #108


This x11 is such a win. Original Litecoin Devs just wants to make money of their ASIC investment. This coin will show everyone that the power is in the hand of community and not corporations.

Everyone that is against it is obviously an ASIC investor.

i am not and investor or have any pre-orders.i just have alot of litecoin.what am i suppose to do when they kill it.this is just fuking bullshit.

superresistant
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April 01, 2014, 10:31:44 AM
 #109

This x11 is such a win. Original Litecoin Devs just wants to make money of their ASIC investment. This coin will show everyone that the power is in the hand of community and not corporations.
Everyone that is against it is obviously an ASIC investor.
i am not and investor or have any pre-orders.i just have alot of litecoin.what am i suppose to do when they kill it.this is just fuking bullshit.

Either you are lying or you don't get it.

ASIC scrypt mining is 14 times more effective than GPU mining in term of investment.
Before, you invested 100, you get 200 after a time.
Now you invest 100, you get 2800 during the same time.

Your Litecoins are going to be divided by at least 10 and possibly much more as ASIC will increase performance.


Here's my bag so you don't ask : Bitcoin, tenX, iexec, byteball and pepecash
MicroGuy
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April 01, 2014, 12:42:50 PM
 #110

We feel the 65% in the poll is a pretty convincing number for us to continue on our project.

You do understand how polls work on this forum, correct?

There are users here with literally hundreds of accounts. That's about as unscientific as it gets in regards to polling.

"The Internet unshackled information, Satoshi Nakamoto unshackled money. And money makes the world go round."
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April 01, 2014, 02:27:45 PM
 #111

We feel the 65% in the poll is a pretty convincing number for us to continue on our project.

You're kidding, surely. 65% of the very few people who don't think the thread is/was a premature April Fool's joke not worth bothering to read think it is a good idea?

I would not expect more folk who think it is a bad idea to even bother to open the thread, not expecting anyone but idiots to vote yes and not realising this forum is so full of idiots.

I mean everyone knows there are vast numbers of idiots here but might still have hope that it just looks that way due to the idiots being the noisiest bunch.

(Which maybe this poll actually helps to show...)

-MarkM- (I haven't even bothered to vote as it is such an absurd idea, why even bother?)

EDIT: I cannot even see the results so until I read the post I am responding to I never imagined anyone but a very few idiots would have voted yes, so saw no need to bother voting. If in fact idiots are in fact the ones voting then again why bother since they evidently plan to flood out all other opinions anyway. As others have said just do it, the real vote will be in gigahashes (or maybe only kilohashes if the idiots aren't ready to put their hashes where their forum-ranting is.)


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LiteMine
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April 01, 2014, 02:36:16 PM
 #112

What exactly would prevent the new algo from having an ASIC developed for it? Surely it's impractical to fork every time ASICs come on to the scene?

I'm all for forking, and people starting projects to work on but I think keeping the name will cause confusion and hurt Litecoin rather than help it.

Litecoin will keep it's name. After the hardfork, Litecoin still is Litecoin, nothing changes except for the algorithm.
Some people may stay on the old fork by not updating their client but it will die soon as no exchange or pool will except it.

Talking about it like it's happening, lol!

No large pools will follow you.

Any algorithm can have an ASIC built for it, so you buy GPU miners what, a year? Or better yet, you will kill Litecoin, the backbone of GPU mining right now. Good job, assholes!
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April 01, 2014, 02:47:18 PM
 #113

What exactly would prevent the new algo from having an ASIC developed for it? Surely it's impractical to fork every time ASICs come on to the scene?

I'm all for forking, and people starting projects to work on but I think keeping the name will cause confusion and hurt Litecoin rather than help it.

Litecoin will keep it's name. After the hardfork, Litecoin still is Litecoin, nothing changes except for the algorithm.
Some people may stay on the old fork by not updating their client but it will die soon as no exchange or pool will except it.

Talking about it like it's happening, lol!

No large pools will follow you.

Nice rigged poll, btw

Exactly, i find it quite funny.

On another note, I've polled my friends, and 65% percent of them agree, I should be in charge of Amazon. Im sure Jeff wont mind
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April 01, 2014, 02:49:43 PM
 #114

Sounds like GPU farm owners are a little upset that ASICS are coming. Thats all I get from this thread. I don't understand why you guys don't just buy a whole bunch of asics with all those bitcoins you mined.





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April 01, 2014, 02:51:49 PM
 #115

Sounds like GPU farm owners are a little upset that ASICS are coming. Thats all I get from this thread. I don't understand why you guys don't just buy a whole bunch of asics with all those bitcoins you mined.







Because they spent it all on hookers and cocaine.
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April 01, 2014, 02:56:04 PM
 #116

Sounds like GPU farm owners are a little upset that ASICS are coming. Thats all I get from this thread. I don't understand why you guys don't just buy a whole bunch of asics with all those bitcoins you mined.







because asic can't mine other algo lol
LiteMine
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April 01, 2014, 03:11:48 PM
 #117

Sounds like GPU farm owners are a little upset that ASICS are coming. Thats all I get from this thread. I don't understand why you guys don't just buy a whole bunch of asics with all those bitcoins you mined.

All the hardcore oldschool crypto people clamoring for a hard fork should support Darkcoin, it's more anonymous than BTC/LTC and uses X11, so half the power usage and maybe I'd stop popping cards like it's the 4th of July (damn you, Gigabyte!) Smiley
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April 01, 2014, 03:22:39 PM
 #118

Get it through your head people, just because the current miners are unoptimized doesn't mean the algo somehow magically is 'low power' just means the hardware is not utilized fully.
LiteMine
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April 01, 2014, 03:30:11 PM
 #119

Get it through your head people, just because the current miners are unoptimized doesn't mean the algo somehow magically is 'low power' just means the hardware is not utilized fully.

But hashing power is relative, so if everyone's miners are unoptimized, then the net result is lower power consumption.
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April 01, 2014, 03:56:57 PM
 #120

Get it through your head people, just because the current miners are unoptimized doesn't mean the algo somehow magically is 'low power' just means the hardware is not utilized fully.

But hashing power is relative, so if everyone's miners are unoptimized, then the net result is lower power consumption.

But then power consumption would be relative too...
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