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

[Xircom]

And the only way we can kill the bot is by lowering the block reward.
We will sit down and do another calculation based on coin supply and roll out a lower block reward as soon as possible.
This time I think all parties knows to keep an eye on LTCD, it does look like it when looking at the buy support. People wants as many coins as possible before we re-release...
Next halving is tomorrow !

[AminerMiner]

Deposits and withdrawals are back online at cryptsy

 yes my depo was also just dropping in pfffffff

   

[bobcaticus]

watching.... and buying low

[Viper1]

So if we upgraded yesterday and sync'd yesterday but haven't touched it at all today, do we just have to go back to using the old version and not have to redownload the entire blockchain again?

[BitCoin Operated Boy]

And the only way we can kill the bot is by lowering the block reward.
We will sit down and do another calculation based on coin supply and roll out a lower block reward as soon as possible.
This time I think all parties knows to keep an eye on LTCD, it does look like it when looking at the buy support. People wants as many coins as possible before we re-release...
Next halving is tomorrow !

So will you realease new wallet update before halving?

Just curious. Lets hope next time everyone will update before lowering the bock reward

[BitCoin Operated Boy]

Regardless of the problems with blockchain, prices on Cryptsy went to 0.00001850 and stayed while the prices on Bittrex were once again degraded by bots to be under 0.00001500

It might have something to do with the fact that no LTCD deposits have been credited at Cryptsy for the last 6 hours because they were using the 1.2 version which was stuck. There is just shortage of sellers at Cryptsy at this moment because noone was able to deposit. I guess it's a good time to buy some LTCD at Bitterx as the price will probably settle somewhere between prices on these two exchanges.

Price on Bittrex will drag the price on Cryptsy down

[voodoo1967]

yeah it sad when on bittrex a sell price is placed a lot lower then the going rate lol to drive the price down its so obvious lol Helllo bittrex can you not see this lol and they say they want to help stop bots lmao right .

[Litecoindark]

So if we upgraded yesterday and sync'd yesterday but haven't touched it at all today, do we just have to go back to using the old version and not have to redownload the entire blockchain again?

Remove the new blockchain and redownload the chain with the old wallet.

1. Go to your C:/users/username/app data/roaming profile/litecoindark/
2. Backup your wallet.dat to a save folder
3. Delete the folder blocks and chainstate at C:/users/username/app data/roaming profile/litecoindark/
4. Install the old wallet and wait till it is synced

https://github.com/TrollByFire/litecoindark-staging/releases/download/v1.1.0-pre1/LitecoinDark-v1.1.0-pre1.zip

[richiela]

yeah it sad when on bittrex a sell price is placed a lot lower then the going rate lol to drive the price down its so obvious lol Helllo bittrex can you not see this lol and they say they want to help stop bots lmao right .

For the record, we never said we want to stop bots... bots are a natural progression of how trading works.  A high percentage of trades on wallstreet happen in this manner:

"It is estimated that as of 2009, HFT accounted for 60-73% of all US equity trading volume, with that number falling to approximately 50% in 2012."

http://en.wikipedia.org/wiki/High-frequency_trading

[edited better data]
"Today, 90 to 95 percent of all quotes emanate from High Frequency machines…… This doesn’t imply share volumes just quotes traveling on the tape."

http://www.forbes.com/sites/richardfinger/2013/09/30/high-frequency-trading-is-it-a-dark-force-against-ordinary-human-traders-and-investors/


What we want to stop is bots placing min order sizes to hide the order books... Please do not confuse the two.  The first is an artifact of trading.  Bots will always be doing it to gain financial advantage.  The second is there to just disrupt the orderbooks without actually filling.

Thanks,
richie@bittrex

[mullick]

So if we upgraded yesterday and sync'd yesterday but haven't touched it at all today, do we just have to go back to using the old version and not have to redownload the entire blockchain again?

Remove the new blockchain and redownload the chain with the old wallet.

1. Go to your C:/users/username/app data/roaming profile/litecoindark/
2. Backup your wallet.dat to a save folder
3. Delete the folder blocks and chainstate at C:/users/username/app data/roaming profile/litecoindark/
4. Install the old wallet and wait till it is synced

https://github.com/TrollByFire/litecoindark-staging/releases/download/v1.1.0-pre1/LitecoinDark-v1.1.0-pre1.zip

Starting with -reindex also works

[DonFreddy]

yeah it sad when on bittrex a sell price is placed a lot lower then the going rate lol to drive the price down its so obvious lol Helllo bittrex can you not see this lol and they say they want to help stop bots lmao right .

For the record, we never said we want to stop bots... bots are a natural progression of how trading works.  A high percentage of trades on wallstreet happen in this manner:

"It is estimated that as of 2009, HFT accounted for 60-73% of all US equity trading volume, with that number falling to approximately 50% in 2012."

http://en.wikipedia.org/wiki/High-frequency_trading

What we want to stop is bots placing min order sizes to hide the order books... Please do not confuse the two.  The first is an artifact of trading.  Bots will always be doing it to gain financial advantage.  The second is there to just disrupt the orderbooks without actually filling.

Thanks,
richie@bittrex

Thank You

[voodoo1967]

so on that note bots are allowed to manipulate the market and influence investors got it that just what I needed to hear lol The bot wars have begun lol  now playing in exchanges near you lol  

[Viper1]

What we want to stop is bots placing min order sizes to hide the order books...

Modify the interface to allow people to be able to view the entire order book and get rid of the max limit on the API.  Problem solved.  Seriously, there's no way to stop bots.  Any limits you might implement in order to try and stop bots from doing things will also impact real people so they get screwed over again.

[voodoo1967]

well old wallet is synced up now and looking good lol now what can we do lol

[Frogman]

Does anyone know when we will get past 36999 block? I have this weird error in my wallet and it wont sync.

[richiela]

What we want to stop is bots placing min order sizes to hide the order books...

Modify the interface to allow people to be able to view the entire order book and get rid of the max limit on the API.  Problem solved.  Seriously, there's no way to stop bots.  Any limits you might implement in order to try and stop bots from doing things will also impact real people so they get screwed over again.

Yeah.. we're looking at approaches to do that and doing order book aggregation... hoping we have something out in the next couple weeks to make it more UI trader friendly while letting the bots party in the background.

Thanks
richie@bittrex

[voodoo1967]

we have bots in the real world they are called bankers  lol and look how that worked out lmao  Party on dudes lol

[JCJr222]

Does anyone know when we will get past 36999 block? I have this weird error in my wallet and it wont sync.

Did you downgrade back to the 1.1 wallet? You will need to and delete/resync the blockchain (or start the wallet with the -reindex command)

[zugvogel21]

hey guys where you mining at the moment?

I can't get onto x11 x13 pool...

Word up

[zugvogel21]

we have bots in the real world they are called bankers  lol and look how that worked out lmao  Party on dudes lol

yeah bots are funny. I have CAT and it works played around with that for a friend of mine.