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

[antonio8]

https://poloniex.com/voting

No more exchanges. Re DEV

Polo will add if they want the coin.

And my 2 cents. The person or persons that run that exchange seem pretty honest. A while ago they had some coins come up missing and the owner of that exchange paid everyone back.

[Unpredictable]

Quick question: is it profitable to rent a rig right now to mine the coin? Is anyone doing this?

[Ghost55]

https://poloniex.com/voting

No more exchanges. Re DEV

Polo will add if they want the coin.

And my 2 cents. The person or persons that run that exchange seem pretty honest. A while ago they had some coins come up missing and the owner of that exchange paid everyone back.
[/quote

My personal opinion about adding more exchanges is you can never have enough... I would see this coin on each and every one of them and here's why... A lot of people are comfortable with the exchange they use primarily... And each exchange has people who use them primarily... We are limiting our investors to the ones just on the exchanges we are on... There are tonnes of people out there that either don't know about this coin or have no access because they don't want to jump onto different exchanges to get it... Our buy pressure is good right now but it can always be better and I think everyone should have access to a hot new coin like this... I don't see it as a bad thing to be on more exchanges...

Just my opinion on the matter though...

Cheers,

Ghosty

[grabciu]

Quick question: is it profitable to rent a rig right now to mine the coin? Is anyone doing this?

just buy at these bargain prices 

[Xircom]

Vivelcro explains pretty well why we should not get added to more pools at the moment:
https://bitcointalk.org/index.php?topic=760143.msg8954668#msg8954668

https://poloniex.com/voting

No more exchanges. Re DEV

Polo will add if they want the coin.

And my 2 cents. The person or persons that run that exchange seem pretty honest. A while ago they had some coins come up missing and the owner of that exchange paid everyone back.
[/quote

My personal opinion about adding more exchanges is you can never have enough... I would see this coin on each and every one of them and here's why... A lot of people are comfortable with the exchange they use primarily... And each exchange has people who use them primarily... We are limiting our investors to the ones just on the exchanges we are on... There are tonnes of people out there that either don't know about this coin or have no access because they don't want to jump onto different exchanges to get it... Our buy pressure is good right now but it can always be better and I think everyone should have access to a hot new coin like this... I don't see it as a bad thing to be on more exchanges...

Just my opinion on the matter though...

Cheers,

Ghosty

[Frogman]

Quick question: is it profitable to rent a rig right now to mine the coin? Is anyone doing this?

just buy at these bargain prices 

So we are less than 20 million coins away from mining being complete. Does anyone know how long thatll take?

[litecoin111]

If they change the reward structure could be years..

I can't stop wondering what price this is going to be at in a year or two with gen 2.0? Mind blown.

[Unpredictable]

So far we don't event know what is this gen. 2.0 so don't get too excited...

[Frogman]

So far we don't event know what is this gen. 2.0 so don't get too excited...

Does anyone think we will see a 10ksat ltcd by the end of the month?

[litecoin111]

So far we don't event know what is this gen. 2.0 so don't get too excited...

They have revealed quite  a bit about it actually, but I'm sure there is more they aren't revealing yet.

[Viper1]

What are the pros and cons to lowering the reward? I'm trying to get a grasp as to what this would mean for the community, the coin and my investment. Thanks guys!

Lowering the reward involves extending the mining period as well so there's a few benifits IMO.

1. More interest in the coin, more people involved etc which is better overall as it leads to a more active market, more people wanting to use the coin etc.

2. The network is more stable when the coin is being mined. Take a very rare coin like Firecoin that's only PoS. They have a problem there because not a lot of people are staking and so transactions can take a long time to occur.  But in another rare coin like Uno, they still have mining and thus transactions are faster.

3. Although staking creates new coins, people tend to horde them and they don't make it out into the market. On the other hand, miners want to sell their coins and so there are fresh coins coming into the system constantly which also should help to spread out the distribution more.

4. Less coins means the price should stabilize, not be susceptible to as many "large" dumps and actually go up as time progresses.

As for cons, the only thing I can really think of is that as long as the coin is being mined, it could be susceptible to a 51% attack. Once PoS is implemented though, that should help to alleviate that somewhat.  Maybe if someone else knows some other Pros and Cons they could outline them.

[litecoin111]

What are the pros and cons to lowering the reward? I'm trying to get a grasp as to what this would mean for the community, the coin and my investment. Thanks guys!

Lowering the reward involves extending the mining period as well so there's a few benifits IMO.

1. More interest in the coin, more people involved etc which is better overall as it leads to a more active market, more people wanting to use the coin etc.

2. The network is more stable when the coin is being mined. Take a very rare coin like Firecoin that's only PoS. They have a problem there because not a lot of people are staking and so transactions can take a long time to occur.  But in another rare coin like Uno, they still have mining and thus transactions are faster.

3. Although staking creates new coins, people tend to horde them and they don't make it out into the market. On the other hand, miners want to sell their coins and so there are fresh coins coming into the system constantly which also should help to spread out the distribution more.

4. Less coins means the price should stabilize, not be susceptible to as many "large" dumps and actually go up as time progresses.

As for cons, the only thing I can really think of is that as long as the coin is being mined, it could be susceptible to a 51% attack. Once PoS is implemented though, that should help to alleviate that somewhat.  Maybe if someone else knows some other Pros and Cons they could outline them.

So are you for or against POS? Seems like the con would outweigh the Pro there..

[Viper1]

What are the pros and cons to lowering the reward? I'm trying to get a grasp as to what this would mean for the community, the coin and my investment. Thanks guys!

Lowering the reward involves extending the mining period as well so there's a few benifits IMO.

1. More interest in the coin, more people involved etc which is better overall as it leads to a more active market, more people wanting to use the coin etc.

2. The network is more stable when the coin is being mined. Take a very rare coin like Firecoin that's only PoS. They have a problem there because not a lot of people are staking and so transactions can take a long time to occur.  But in another rare coin like Uno, they still have mining and thus transactions are faster.

3. Although staking creates new coins, people tend to horde them and they don't make it out into the market. On the other hand, miners want to sell their coins and so there are fresh coins coming into the system constantly which also should help to spread out the distribution more.

4. Less coins means the price should stabilize, not be susceptible to as many "large" dumps and actually go up as time progresses.

As for cons, the only thing I can really think of is that as long as the coin is being mined, it could be susceptible to a 51% attack. Once PoS is implemented though, that should help to alleviate that somewhat.  Maybe if someone else knows some other Pros and Cons they could outline them.

So are you for or against POS? Seems like the con would outweigh the Pro there..

Not sure exactly what you're asking since going PoS either does away (sort of as it's just a lot harder with PoS) the 51% attack issue if you don't have mining, or it helps to alleviate it by having people staking.

But I'm for having a hybrid PoW and PoS coin as I believe the combination creates a stronger coin in the long run.  Peercoin for example is a hybrid.

[litecoin111]

What are the pros and cons to lowering the reward? I'm trying to get a grasp as to what this would mean for the community, the coin and my investment. Thanks guys!

Lowering the reward involves extending the mining period as well so there's a few benifits IMO.

1. More interest in the coin, more people involved etc which is better overall as it leads to a more active market, more people wanting to use the coin etc.

2. The network is more stable when the coin is being mined. Take a very rare coin like Firecoin that's only PoS. They have a problem there because not a lot of people are staking and so transactions can take a long time to occur.  But in another rare coin like Uno, they still have mining and thus transactions are faster.

3. Although staking creates new coins, people tend to horde them and they don't make it out into the market. On the other hand, miners want to sell their coins and so there are fresh coins coming into the system constantly which also should help to spread out the distribution more.

4. Less coins means the price should stabilize, not be susceptible to as many "large" dumps and actually go up as time progresses.

As for cons, the only thing I can really think of is that as long as the coin is being mined, it could be susceptible to a 51% attack. Once PoS is implemented though, that should help to alleviate that somewhat.  Maybe if someone else knows some other Pros and Cons they could outline them.

So are you for or against POS? Seems like the con would outweigh the Pro there..

Not sure exactly what you're asking since going PoS either does away (sort of as it's just a lot harder with PoS) the 51% attack issue if you don't have mining, or it helps to alleviate it by having people staking.

But I'm for having a hybrid PoW and PoS coin as I believe the combination creates a stronger coin in the long run.  Peercoin for example is a hybrid.

Oh I see, makes sense I just meant that more people will stake and hence less in the market...but I suppose if there is still the incentive to mine there is more coins coming into the market that way.

[Xircom]

So far we don't event know what is this gen. 2.0 so don't get too excited...

Yes, we do and it is mind blowing.
Some teasers:

- Update of Wallet through PUSH (no more using wrong version of Wallet)
- Features can be build in to wallet without breaking blockchain.
- Change a difficulty algorithm by replacing a dll instead of needing a fresh wallet.
- Add a hashing algo to the mix at any given point in time
- Many more, not to be mentioned yet, as we have to keep them secret while we are working on them.

In short words, Its a complete redesign of the Crypto coin as we know it today and will make BTC , Darkcoin, Blackcoin or BTCDark look like windows 3.1.

[zugvogel21]

So far we don't event know what is this gen. 2.0 so don't get too excited...

Yes, we do and it is mind blowing.
Some teasers:

- Update of Wallet through PUSH (no more using wrong version of Wallet)
- Features can be build in to wallet without breaking blockchain.
- Change a difficulty algorithm by replacing a dll instead of needing a fresh wallet.
- Add a hashing algo to the mix at any given point in time
- Many more, not to be mentioned yet, as we have to keep them secret while we are working on them.

In short words, Its a complete redesign of the Crypto coin as we know it today and will make BTC , Darkcoin, Blackcoin or BTCDark look like windows 3.1.

I trust and I hope your right!

hihi

[BitCoin Operated Boy]

What are the pros and cons to lowering the reward? I'm trying to get a grasp as to what this would mean for the community, the coin and my investment. Thanks guys!

First to keep the coin mineable for a longer period of time.
Second the multipools will stay away from the coin some time and perhaps preventing dumping.
Third More widely spread volumes and possibility to make POS.

Thats the things that comes to my mind by lowering the reward.

And any cons despite the ones which Viper1 mentioned?

What are the pros and cons to lowering the reward? I'm trying to get a grasp as to what this would mean for the community, the coin and my investment. Thanks guys!

Lowering the reward involves extending the mining period as well so there's a few benifits IMO.

1. More interest in the coin, more people involved etc which is better overall as it leads to a more active market, more people wanting to use the coin etc.

2. The network is more stable when the coin is being mined. Take a very rare coin like Firecoin that's only PoS. They have a problem there because not a lot of people are staking and so transactions can take a long time to occur.  But in another rare coin like Uno, they still have mining and thus transactions are faster.

3. Although staking creates new coins, people tend to horde them and they don't make it out into the market. On the other hand, miners want to sell their coins and so there are fresh coins coming into the system constantly which also should help to spread out the distribution more.

4. Less coins means the price should stabilize, not be susceptible to as many "large" dumps and actually go up as time progresses.

As for cons, the only thing I can really think of is that as long as the coin is being mined, it could be susceptible to a 51% attack. Once PoS is implemented though, that should help to alleviate that somewhat.  Maybe if someone else knows some other Pros and Cons they could outline them.

So are you for or against POS? Seems like the con would outweigh the Pro there..

Not sure exactly what you're asking since going PoS either does away (sort of as it's just a lot harder with PoS) the 51% attack issue if you don't have mining, or it helps to alleviate it by having people staking.

But I'm for having a hybrid PoW and PoS coin as I believe the combination creates a stronger coin in the long run.  Peercoin for example is a hybrid.

Making it hybrid sounds like a good idea. I'm not sure what Devs think about it

[Xircom]

What are the pros and cons to lowering the reward? I'm trying to get a grasp as to what this would mean for the community, the coin and my investment. Thanks guys!

First to keep the coin mineable for a longer period of time.
Second the multipools will stay away from the coin some time and perhaps preventing dumping.
Third More widely spread volumes and possibility to make POS.

Thats the things that comes to my mind by lowering the reward.

And any cons despite the ones which Viper1 mentioned?

What are the pros and cons to lowering the reward? I'm trying to get a grasp as to what this would mean for the community, the coin and my investment. Thanks guys!

Lowering the reward involves extending the mining period as well so there's a few benifits IMO.

1. More interest in the coin, more people involved etc which is better overall as it leads to a more active market, more people wanting to use the coin etc.

2. The network is more stable when the coin is being mined. Take a very rare coin like Firecoin that's only PoS. They have a problem there because not a lot of people are staking and so transactions can take a long time to occur.  But in another rare coin like Uno, they still have mining and thus transactions are faster.

3. Although staking creates new coins, people tend to horde them and they don't make it out into the market. On the other hand, miners want to sell their coins and so there are fresh coins coming into the system constantly which also should help to spread out the distribution more.

4. Less coins means the price should stabilize, not be susceptible to as many "large" dumps and actually go up as time progresses.

As for cons, the only thing I can really think of is that as long as the coin is being mined, it could be susceptible to a 51% attack. Once PoS is implemented though, that should help to alleviate that somewhat.  Maybe if someone else knows some other Pros and Cons they could outline them.

So are you for or against POS? Seems like the con would outweigh the Pro there..

Not sure exactly what you're asking since going PoS either does away (sort of as it's just a lot harder with PoS) the 51% attack issue if you don't have mining, or it helps to alleviate it by having people staking.

But I'm for having a hybrid PoW and PoS coin as I believe the combination creates a stronger coin in the long run.  Peercoin for example is a hybrid.

Making it hybrid sounds like a good idea. I'm not sure what Devs think about it

We are working on the suggestions we have got from the community. But haven't decided yet 100%, but when looking at the Poll it looks like we will lower blockreward a lot and hopefully fast to let the coin be mineable for a long period ans to prevent 51% attacks.

[Frogman]

So far we don't event know what is this gen. 2.0 so don't get too excited...

Yes, we do and it is mind blowing.
Some teasers:

- Update of Wallet through PUSH (no more using wrong version of Wallet)
- Features can be build in to wallet without breaking blockchain.
- Change a difficulty algorithm by replacing a dll instead of needing a fresh wallet.
- Add a hashing algo to the mix at any given point in time
- Many more, not to be mentioned yet, as we have to keep them secret while we are working on them.

In short words, Its a complete redesign of the Crypto coin as we know it today and will make BTC , Darkcoin, Blackcoin or BTCDark look like windows 3.1.

Are you sure?

[Xircom]

So far we don't event know what is this gen. 2.0 so don't get too excited...

Yes, we do and it is mind blowing.
Some teasers:

- Update of Wallet through PUSH (no more using wrong version of Wallet)
- Features can be build in to wallet without breaking blockchain.
- Change a difficulty algorithm by replacing a dll instead of needing a fresh wallet.
- Add a hashing algo to the mix at any given point in time
- Many more, not to be mentioned yet, as we have to keep them secret while we are working on them.

In short words, Its a complete redesign of the Crypto coin as we know it today and will make BTC , Darkcoin, Blackcoin or BTCDark look like windows 3.1.

Are you sure?

Otherwise I wouldn't write them....
Troll has been working on this for 14 month now.