Litecoin is officially dead

[okbit]

Highly unlikely that this coin will ever die as long as Bitcoin is around.

The base is too large.

I agree, as long as there is even a slight possibility that Bitcoin might stumble, LTC will be around.

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[XinXan]

Highly unlikely that this coin will ever die as long as Bitcoin is around.

The base is too large.

I agree, as long as there is even a slight possibility that Bitcoin might stumble, LTC will be around.

I dont see why that assumption would be correct, there are plenty of altcoins and plenty of them died even if bitcoin hasnt, not long ago litecoin was on the 1$ mark, there is always the possibility for it to die no matter what bitcoin price is, at leas that is my opinion

[Searing]

Highly unlikely that this coin will ever die as long as Bitcoin is around.

The base is too large.

I agree, as long as there is even a slight possibility that Bitcoin might stumble, LTC will be around.

In my view if we all find out that this last halving of LTC was just a pump and dump by BTC and LTC whales and the price goes back AFTER halving to around
say 1.69 usd to 2.00 (it was 1.69 june 5th 2015) well ...a lot of p/o'd bag holders at that point will dump and anyone still mining scrypt on equipment they
already have (me with titan(s)) will DEFINITELY be mining LTC to BTC direct and not holding LTC anymore..ie run the rubber band out imho

and also at that price again imho we likely would NOT see any new scrypt pow miners of any type in the works either data hall exclusive or less likely
home miner versions..it would really cripple if not kill all pow/scrypt like LTC and dodgecoin etc

such a hit would wind the worldwide press up as well and the FUD would fly on how pow/scrypt alts are in trouble thus the inevitable that means bitcoin is
in trouble (not really but that is what the FUD would say) so would likely for a bit effect BTC price lower

so yeah LTC and pow/scrypt could go away....if on this halving it was all pump and goes back to old prices with 1/2 the coin you are able to mine with your
scrypt/pow equipment for LTC and/or as a result of this price return to around 2 bucks..the further unlikelyhood of any new pow/scrypt equipment of any kind

now LTC currently is doing what I expect...ie around 4 bucks and after halving I expect the same if not a small rise due to the halving ..but the above alternative
is possible if not as likely imho as just the expected 3 - 4 buck LTC coin after halving

"prepare for the worst......hope for the best" I guess

[mark coins]

What is the safest exchange to trade LTC on?

[btcjoin14]

Kraken is certainly not a bad choice when it comes to safety. Not as liquid as BTC-e though.

[ejinte]

What is the safest exchange to trade LTC on?

Poloniex got a good reputation.

[RealBitcoin]

It still has a strong fanbase so who knows.

However i think DOGECOIN is the real crap. That hyperinflated Dogturd has 100 billion pieces and still growing.

And its even a bigger joke than Litecoin with far less to offer.

[Squeaker]

The only thing dogecoin had going for it, was literally, a doggy on the coin...

=squeak=

[XinXan]

The only thing dogecoin had going for it, was literally, a doggy on the coin...

=squeak=

And 50% of altcoins, probably more, are basically a re-skin of other altcoins or bitcoin, we all know the crypto community is not very serious in this aspect and i dont know if its a good thing or not, in the short term probably not, for people that want to get profit, in the long term probably not very good for the whole community.

[#Darren]

IMO for ltc to be dead, btc has to be very very ill...

[avalonboy]

LTC is not dead, it is waiting for future

[Abiky]

LTC is not dead, it is waiting for future

Indeed. I think that Litecoin will be one of the few alt coins that would survive in the future. When Bitcoin goes mainstream, Litecoin would probably increase in price.

[ejinte]

LTC is not dead, it is waiting for future

Indeed. I think that Litecoin will be one of the few alt coins that would survive in the future. When Bitcoin goes mainstream, Litecoin would probably increase in price.

How come?

[Abiky]

LTC is not dead, it is waiting for future

Indeed. I think that Litecoin will be one of the few alt coins that would survive in the future. When Bitcoin goes mainstream, Litecoin would probably increase in price.

How come?

Well, Litecoin is number 3 in market cap as of today. That's probably the case but it's unpredictable...

[ejinte]

LTC is not dead, it is waiting for future

Indeed. I think that Litecoin will be one of the few alt coins that would survive in the future. When Bitcoin goes mainstream, Litecoin would probably increase in price.

How come?

Well, Litecoin is number 3 in market cap as of today. That's probably the case but it's unpredictable...

Lets wait and see.

[2112]

Yeah, but where are the developers?

Litecoin's testnet has been split for over 5 days, with the depth of fork counting in thousands of blocks. And not a single comment from anybody?

https://chain.so/testnet/ltc

Where's the Litecoin's development community?

[2112]

Maybe you should open an account on https://litecointalk.org and post your question on that forum?

I'm not that interested in Litecoin and LitecoinTalk. I actually asked TheMage the same thing couple of days ago, as you can see in the announce subforum.

https://bitcointalk.org/index.php?topic=47417.msg11890695#msg11890695

The lack of response and interest is deafening.

[2112]

Who cares if there are forks on the testnet - that's what the testnet is for - testing!  There is no meaningful mining hash rate on the testnet - therefore... forks... Again, who cares... it is not a sign of lack of developers - but merely a sign of lack of miners....  

As long as the mainnet  holds - and it did over the last 4 years - that what's important.  The coin being so cheap, most developers must test their commits on the main net...

Developers, if they existed, would care about long forks.

You are certainly right about plentitude of short forks, they are expected and inconsequential. "getchaintips" show 717 branches in one of my test nodes.

But the long fork and a complete stall in the updates of the blockexplorer for couple of days means only one thing: the code is buggy, nobody's watching it, and nobody's developing any software to be used with Litecoin.

Testnet is always an early warning system for the software problems.

[2112]

You'll need to clearly mark edits to have a meaningful discussion on the forum. Otherwise I'm going to assume that you are simply drunk or otherwise under the influence.

Ok - I get it... sorry if I failed to recognize your signature earlier.

BTW: litecoin is updating their code based on bitcoin changes (check Github).  Therefore if there are to be software problems with Litecoin, the same should occur on Bitcoin...

Is Litecoin a copy-cat of Bitcoin?  Totally... with the exception of the POW algorithm, some anti-spam function not in Bitcoin, with 4x more transactions per minutes, faster confirmations, and only 3X less nodes than Bitcoin.

The fact that you say that you are not interested by Litecoin, but that you bother to provide comments on a Litecoin post, and that you checked the Litecoin Testnet extensively, up to finding multiple forks existed on the Testnet, ...  tells me that you are concerned about Litecoin.  


Arabs and Jews - Bitcoin and Litecoin - why can't we live in peace? Let's not repeat errors of the past - a new beginning.  Both are born from the same root, both can help and grow together, complementing each other... Bitcoin for value, Litecoin for fast transactions and ledger data transmission....  Let crypto be on the right side of history!

Who cares if there are forks on the testnet - that's what the testnet is for - testing!  There is no meaningful mining hash rate on the testnet - therefore... forks... Again, who cares... it is not a sign of lack of developers - but merely a sign of lack of miners....   

As long as the mainnet  holds - and it did over the last 4 years - that what's important.  The coin being so cheap, most developers must be testing their changes on the main net...

You have to remember that the Bitcoin Testnet was introduced only in 2011 when the price of Bitcoin was around $3.   What is the price of Litecoin at the moment? ...  Maybe when Litecoin reaches higher prices then developers will find it useful to use a Testnet instead of the MainNet.

Looking through the post in the Litecoin launch thread I see that I've run both litecoin's mainnet & testnet less than 3 days after the official launch. The 1st testnet probably run even earlier than the official launched mainnet, although I can't access that machine now.

You seem to be confusing the dates of the resets of the testnet with the dates of the launches.

What I'm afraid of is that Litecoin's core development team had abandoned it's creation. This would be a shame and disappointment. In the past there were lulls in the interest and development around the Litecoin core client. I recall testnet partitionings, but I do not recall such a long fork.

Anyway, is there anybody awake and sober reding this thread who could either restart the Litecoin's testnet client on his machine ot sjust start it from scratch and report back?

[XinXan]

Maybe you should open an account on https://litecointalk.org and post your question on that forum?

I'm not that interested in Litecoin and LitecoinTalk. I actually asked TheMage the same thing couple of days ago, as you can see in the announce subforum.

https://bitcointalk.org/index.php?topic=47417.msg11890695#msg11890695

The lack of response and interest is deafening.

coblee, litecoin founder its pretty active on reddit check this post out: https://www.reddit.com/r/litecoin/comments/1o3fdz/we_are_the_litecoin_dev_team_ama/

You can ask your questions there, he will definitely respond to them, you can see his last post was like 6 hours ago