[LTCD] LitecoinDark.com ★ Scrypt ★ Difficulty Shield ★ Multipool ★ Fast

[vicvelcro]

Lower the block reward, extend the PoW for longer. Soon would be good.

[Xircom]

In my eyes its the only correct thing to do.
Coin has been too easy to mine and thats the reason why we see a continuous dumping.
Let's take darkcoin as an example. 100 net ghash and the reward is silly 5 coins. My 200 mhash x11 rig gives me a little over 5 dark pr 24 hour and still people mines this coin.
So darkcoin can be mined for years. If we should succeed  we need to adjust the floating of LTCD on the marked.
I do not know how the community will react but if we look at the other altcoins we wouldnlike to be in calss with,  non of them will be 100% mined or it willbtake many many years.
Problem with it is the fact that some of the holders would have a hughe control of the coin itself. 8 mil coins is not a joke. I do not think that any darkcoin holders have 8 mil coins. 

[mothermole1]

I think there should be an actual vote on the website...

Great idea. Send it to a vote!

[Zurg49]

In my eyes its the only correct thing to do.
Coin has been too easy to mine and thats the reason why we see a continuous dumping.
Let's take darkcoin as an example. 100 net ghash and the reward is silly 5 coins. My 200 mhash x11 rig gives me a little over 5 dark pr 24 hour and still people mines this coin.
So darkcoin can be mined for years. If we should succeed  we need to adjust the floating of LTCD on the marked.
I do not know how the community will react but if we look at the other altcoins we wouldnlike to be in calss with,  non of them will be 100% mined or it willbtake many many years.
Problem with it is the fact that some of the holders would have a hughe control of the coin itself. 8 mil coins is not a joke. I do not think that any darkcoin holders have 8 mil coins. 

I agreed, the coin is too easy to mine right now.

[voodoo1967]

looks like to me the top wallet could be the guy with the bot on bittrex just look at the 18 th of September when the bot showed up and his wallet has gone straight up lol . Then at the top it show a little decline. I think he that is the couple bit coin worth he sold the other day lol. He has gone form 4 million to 12 million in under 5 days lol 

[Xircom]

If the origial plan was that pow should end within a year then stuck to the plan and adapt pos, but I do not think that Any big investors would ever put their money on a pow coin. Have we ever heard about a fiat that stops printing… correct me if I'm wrong!

[Xircom]

If we look at the IPO coins,  yes some of them had big buys in btc,  like etherum, neos, veri and so on,  but this is not fiat investors.  Its just btc holders spreading out. Crypto can't grow without fiat and for LTCD to be apadted to standard fiat households we need a crypto that is balanced with fiat… thats simple economics of growth.
Thats also the reason why I keep saying that we need to keep LTCD downto earth and make it as mr and ms petersen friendly as possible… that is the biggest problem for the cryto world to solve.  That said I think LTCD is the ONLY coin that can make that adjustment,  so that's wy I believe so much into this coin.

[AminerMiner]

looks like to me the top wallet could be the guy with the bot on bittrex just look at the 18 th of September when the bot showed up and his wallet has gone straight up lol . Then at the top it show a little decline. I think he that is the couple bit coin worth he sold the other day lol. He has gone form 4 million to 12 million in under 5 days lol 

say wuuut??!? 12 million?

[voodoo1967]

yes 18 percent of the coins lol  that is just crazy 12 million and he has made 8 million in under 5 days. So if someone bought that much wouldn't the price have gone up instead of down lmao.

[Xircom]

Can't you guys figure it out… 
If you can't beat them own them and control them.

[TrollByFire]

yes 18 percent of the coins lol  that is just crazy 12 million and he has made 8 million in under 5 days. So if someone bought that much wouldn't the price have gone up instead of down lmao.

Not necessarily.  Theoretically speaking, playing off of FUD and panic sells as well as actual legit miners dumping loads of easily mined coin in combination with a bot constantly selling fewer coins than are bought (for cheaper)... Would be do-able by nearly anyone without a large investment.  If properly executed, it would be completely possible to acquire large amounts of coin while keeping the overall price low.  This isn't "market speak" by any means.  It's more a matter of human psychology versus a well designed trade algorithm.

I agree that the size of the block reward likely has a lot to do with it, and would love to see smaller rewards personally, but I can't simply make this change and push it out to the world without a few days' discussion on the matter.  Again, this would require a mandatory update and yet another fork.  A lot of variables have to be considered beforehand.

Keep in mind, I'm interested in the tech more so than the economics.  I'll make whatever change is deemed appropriate by the community, but something like this would take a sizable majority vote in favor.

[Xircom]

yes 18 percent of the coins lol  that is just crazy 12 million and he has made 8 million in under 5 days. So if someone bought that much wouldn't the price have gone up instead of down lmao.

No because we kept printing new ones (too high block rewards)

[Xircom]

@Troll have you got my e-mail ?

[TrollByFire]

@Troll have you got my e-mail ?

I do, but am currently a bit busy working on something unrelated.  Send me a PM, and I'll check it as soon as I can.

[Xircom]

@Troll have you got my e-mail ?

I do, but am currently a bit busy working on something unrelated.  Send me a PM, and I'll check it as soon as I can.

I know. Take your time.  Just wanted to make sure you got it.

[SkyValeey]

looks like to me the top wallet could be the guy with the bot on bittrex just look at the 18 th of September when the bot showed up and his wallet has gone straight up lol . Then at the top it show a little decline. I think he that is the couple bit coin worth he sold the other day lol. He has gone form 4 million to 12 million in under 5 days lol 

say wuuut??!? 12 million?

This is private address? Not bittrex or cryptsy ?

[voodoo1967]

someone is raking it in lol almost 18 percent of the ltcd total not bad lol 

[Ghost55]

someone is raking it in lol almost 18 percent of the ltcd total not bad lol  

It could be mostly from mining cause in the first few days we saw people with millions of mhs... Or a combination of things like Troll suggested... If it was mostly mined that would have little to no effect on the price.

[voodoo1967]

in other news bitcoin jumps on positive pay pal news 

[BitCoin Operated Boy]

I was just thinking. How LTCD can be anonymous and transparent at the same time?

Unless transparency refers to something else...

Transparent in the development process... anonymous in the payment process!

Yeah I have presumed but it isn't clarified in OPP so I had to mention it :-)