A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
**BRASIL BITCOIN** Notícias, perguntas, descubra, denuncie. Tudo sobre **Bitcoin** aqui e no mundo. Bitcoin é a moeda da Internet: um dinheiro descentralizado e com alcance mundial. Diferente das moedas tradicionais como o dólar, os bitcoins são emitidos e gerenciados sem qualquer autoridade central que seja: não existe governo, empresa ou banco no comando do Bitcoin. Dessa forma ele é mais resistente a inflações selvagens e bancos corruptos. Com o Bitcoin, você pode ser seu próprio banco.
We've been overwhelmed with newcomer posts. In light of this, we created a bot that will PM people without flairs various pertinent information to read through when they post. In order to stop receiving these, simply add a flair to your name. Thanks!
Scam Warning
Hey guys. There have been numerous scammers lately who have been private messaging redditors. Their goal is for you to send Litecoins to their address. So far, they've followed the same writing template. It looks something like this: https://imgur.com/0UZczuz If someone is telling you to send to a Litecoin address they are providing, DON'T. They're trying to steal your Litecoins. If you're not sure, read the wealth of knowledge below or comment below and I will eventually get to you.
(Re-post of u/Sparkswont cuz it was archived) Whether you're new to cryptocurrency and have no clue what a 'litecoin' is, or a seasoned investor in cryptocurrencies, the resources below will answer all your questions. If you still have questions, feel free to ask below in the comments!
What is Litecoin?
Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Litecoin is one of the largest, oldest, and most used cryptocurrencies in the world. Similar to Bitcoin, Litecoin uses blockchain technology to process transactions. So what's the difference? To process a block, Litecoin takes 2.5 minutes rather than Bitcoins 10 minutes. This allows for faster processing times. Litecoin also has the capability to produce a total of 84 million units, compared to Bitcoins 21 million. In addition, Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard. Still confused? Take a look at this video!
Where can I buy Litecoin?
There are many websites and applications where you can buy and sell Litecoin, but make sure the exchange you are using is trusted and secure. Here are some exchanges that are trusted in the cryptocurrency community:
Litecoin (and other cryptocurrencies) is stored in a digital wallet. When storing Litecoin, you want to make sure you trust the place you store them. This is why it is best to store them yourself through the electrum wallet. It is highly suggested to not store your Litecoin in an exchange (such as Coinbase, Poloniex, Bittrex, etc.) because you don't control the private keys. If the exchange ever goes offline, or becomes insolvent, your Litecoin essentially disappear. Some other options are:
If you're a fan of mobile devices, then Loafwallet is the wallet for you. Developed by a Litecoin Foundation Dev, losh11, this mobile wallet works great! And remember to always make sure to write down your seedkeys.
Hardware wallets are another great option, in fact, they are said to be the most secure way to store cryptocurrencies. Below is a list of the litecoin flexible hardware wallets.
Litecoin is in the top ten of all cryptocurrencies by market capitalization. Websites are rapidly adopting Litecoin as a method of payment as well. If you yourself want to accept LTC as a business, you can refer to these merchant manuals. Alternatively, if you would like to explore websites that accept Litecoin, head over to /AcceptingLTC. Here are also several of our favorite merchants accepting Litecoin.
Where can I discuss Litecoin?
The Litecoin community is extremely kind and robust. There are many forums and places where you can discuss Litecoin with others who are interested in the currency. Here are the main ones:
If you have more questions, or are genuinely interested in learning more about Litecoin then be sure to read this series. If you have a specific question that you can't seem to find the answer too, ask below and someone will help you out!
Lastupdated2018-01-29 This post is a collaboration with the Bitcoin community to create a one-stop source for Lightning Network information. There are still questions in the FAQ that are unanswered, if you know the answer and can provide a source please do so!
Lightning Network White Paper - The protocol has changed since this original paper, but covers the mid-level mechanics of the Lightning Network with an emphasis on the smart contracts that make it trustless
If you can answer please PM me and include source if possible. Feel free to help keep these answers up to date and as brief but correct as possible
Is Lightning Bitcoin?
Yes. You pick a peer and after some setup, create a bitcoin transaction to fund the lightning channel; it’ll then take another transaction to close it and release your funds. You and your peer always hold a bitcoin transaction to get your funds whenever you want: just broadcast to the blockchain like normal. In other words, you and your peer create a shared account, and then use Lightning to securely negotiate who gets how much from that shared account, without waiting for the bitcoin blockchain.
Is the Lightning Network open source?
Yes, Lightning is open source. Anyone can review the code (in the same way as the bitcoin code)
Who owns and controls the Lightning Network?
Similar to the bitcoin network, no one will ever own or control the Lightning Network. The code is open source and free for anyone to download and review. Anyone can run a node and be part of the network.
I’ve heard that Lightning transactions are happening “off-chain”…Does that mean that my bitcoin will be removed from the blockchain?
No, your bitcoin will never leave the blockchain. Instead your bitcoin will be held in a multi-signature address as long as your channel stays open. When the channel is closed; the final transaction will be added to the blockchain. “Off-chain” is not a perfect term, but it is used due to the fact that the transfer of ownership is no longer reflected on the blockchain until the channel is closed.
Do I need a constant connection to run a lightning node?
Not necessarily, Example: A and B have a channel. 1 BTC each. A sends B 0.5 BTC. B sends back 0.25 BTC. Balance should be A = 0.75, B = 1.25. If A gets disconnected, B can publish the first Tx where the balance was A = 0.5 and B = 1.5. If the node B does in fact attempt to cheat by publishing an old state (such as the A=0.5 and B=1.5 state), this cheat can then be detected on-chain and used to steal the cheaters funds, i.e., A can see the closing transaction, notice it's an old one and grab all funds in the channel (A=2, B=0). The time that A has in order to react to the cheating counterparty is given by the CheckLockTimeVerify (CLTV) in the cheating transaction, which is adjustable. So if A foresees that it'll be able to check in about once every 24 hours it'll require that the CLTV is at least that large, if it's once a week then that's fine too. You definitely do not need to be online and watching the chain 24/7, just make sure to check in once in a while before the CLTV expires. Alternatively you can outsource the watch duties, in order to keep the CLTV timeouts low. This can be achieved both with trusted third parties or untrusted ones (watchtowers). In the case of a unilateral close, e.g., you just go offline and never come back, the other endpoint will have to wait for that timeout to expire to get its funds back. So peers might not accept channels with extremely high CLTV timeouts. -- Source
What Are Lightning’s Advantages?
Tiny payments are possible: since fees are proportional to the payment amount, you can pay a fraction of a cent; accounting is even done in thousandths of a satoshi. Payments are settled instantly: the money is sent in the time it takes to cross the network to your destination and back, typically a fraction of a second.
Does Lightning require Segregated Witness?
Yes, but not in theory. You could make a poorer lightning network without it, which has higher risks when establishing channels (you might have to wait a month if things go wrong!), has limited channel lifetime, longer minimum payment expiry times on each hop, is less efficient and has less robust outsourcing. The entire spec as written today assumes segregated witness, as it solves all these problems.
Can I Send Funds From Lightning to a Normal Bitcoin Address?
No, for now. For the first version of the protocol, if you wanted to send a normal bitcoin transaction using your channel, you have to close it, send the funds, then reopen the channel (3 transactions). In future versions, you and your peer would agree to spend out of your lightning channel funds just like a normal bitcoin payment, allowing you to use your lightning wallet like a normal bitcoin wallet.
Can I Make Money Running a Lightning Node?
Not really. Anyone can set up a node, and so it’s a race to the bottom on fees. In practice, we may see the network use a nominal fee and not change very much, which only provides an incremental incentive to route on a node you’re going to use yourself, and not enough to run one merely for fees. Having clients use criteria other than fees (e.g. randomness, diversity) in route selection will also help this.
What is the release date for Lightning on Mainnet?
Would there be any KYC/AML issues with certain nodes?
Nope, because there is no custody ever involved. It's just like forwarding packets. -- Source
What is the delay time for the recipient of a transaction receiving confirmation?
Furthermore, the Lightning Network scales not with the transaction throughput of the underlying blockchain, but with modern data processing and latency limits - payments can be made nearly as quickly as packets can be sent. -- Source
How does the lightning network prevent centralization?
How would the lightning network work between exchanges?
Each exchange will get to decide and need to implement the software into their system, but some ideas have been outlined here: Google Doc - Lightning Exchanges Note that by virtue of the usual benefits of cost-less, instantaneous transactions, lightning will make arbitrage between exchanges much more efficient and thus lead to consistent pricing across exchange that adopt it. -- Source
How do lightning nodes find other lightning nodes?
Does every user need to store the state of the complete Lightning Network?
According to Rusty's calculations we should be able to store 1 million nodes in about 100 MB, so that should work even for mobile phones. Beyond that we have some proposals ready to lighten the load on endpoints, but we'll cross that bridge when we get there. -- Source
Would I need to download the complete state every time I open the App and make a payment?
No you'd remember the information from the last time you started the app and only sync the differences. This is not yet implemented, but it shouldn't be too hard to get a preliminary protocol working if that turns out to be a problem. -- Source
What needs to happen for the Lightning Network to be deployed and what can I do as a user to help?
Lightning is based on participants in the network running lightning node software that enables them to interact with other nodes. This does not require being a full bitcoin node, but you will have to run "lnd", "eclair", or one of the other node softwares listed above. All lightning wallets have node software integrated into them, because that is necessary to create payment channels and conduct payments on the network, but you can also intentionally run lnd or similar for public benefit - e.g. you can hold open payment channels or channels with higher volume, than you need for your own transactions. You would be compensated in modest fees by those who transact across your node with multi-hop payments. -- Source
Is there anyway for someone who isn't a developer to meaningfully contribute?
Sure, you can help write up educational material. You can learn and read more about the tech at http://dev.lightning.community/resources. You can test the various desktop and mobile apps out there (Lightning Desktop, Zap, Eclair apps). -- Source
Do I need to be a miner to be a Lightning Network node?
Do I need to run a full Bitcoin node to run a lightning node?
lit doesn't depend on having your own full node -- it automatically connects to full nodes on the network. -- Source LND uses a light client mode, so it doesn't require a full node. The name of the light client it uses is called neutrino
How does the lightning network stop "Cheating" (Someone broadcasting an old transaction)?
Upon opening a channel, the two endpoints first agree on a reserve value, below which the channel balance may not drop. This is to make sure that both endpoints always have some skin in the game as rustyreddit puts it :-) For a cheat to become worth it, the opponent has to be absolutely sure that you cannot retaliate against him during the timeout. So he has to make sure you never ever get network connectivity during that time. Having someone else also watching for channel closures and notifying you, or releasing a canned retaliation, makes this even harder for the attacker. This is because if he misjudged you being truly offline you can retaliate by grabbing all of its funds. Spotty connections, DDoS, and similar will not provide the attacker the necessary guarantees to make cheating worthwhile. Any form of uncertainty about your online status acts as a deterrent to the other endpoint. -- Source
How many times would someone need to open and close their lightning channels?
You typically want to have more than one channel open at any given time for redundancy's sake. And we imagine open and close will probably be automated for the most part. In fact we already have a feature in LND called autopilot that can automatically open channels for a user. Frequency will depend whether the funds are needed on-chain or more useful on LN. -- Source
Will the lightning network reduce BTC Liquidity due to "locking-up" funds in channels?
When setting up a Lightning Network Node are fees set for the entire node, or each channel when opened?
You don't really set up a "node" in the sense that anyone with more than one channel can automatically be a node and route payments. Fees on LN can be set by the node, and can change dynamically on the network. -- Source
Can Lightning routing fees be changed dynamically, without closing channels?
Yes but it has to be implemented in the Lightning software being used. -- Source
How can you make sure that there will be routes with large enough balances to handle transactions?
You won't have to do anything. With autopilot enabled, it'll automatically open and close channels based on the availability of the network. -- Source
How does the Lightning Network stop flooding nodes (DDoS) with micro transactions? Is this even an issue?
Whether you're new to cryptocurrency and have no clue what a 'litecoin' is, or a seasoned investor in cryptocurrencies, the resources below will answer all your questions. If you still have questions, feel free to ask below in the comments!
What is Litecoin?
Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Litecoin is one of the largest, oldest, and most used cryptocurrencies in the world. Similar to Bitcoin, Litecoin uses blockchain technology to process transactions. So what's the difference? To process a block, Litecoin takes 2.5 minutes rather than Bitcoins 10 minutes. This allows for faster processing times. Litecoin also has the capability to produce a total of 84 million units, compared to Bitcoins 21 million. In addition, Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard. Still confused? Take a look at this video!
Where can I buy Litecoin?
There are many websites and applications where you can buy and sell Litecoin, but make sure the exchange you are using is trusted and secure. Here are some exchanges that are trusted in the cryptocurrency community:
Litecoin (and other cryptocurrencies) is stored in a digital wallet. When storing Litecoin, you want to make sure you trust the place you store them. This is why it is best to store them yourself through the electrum wallet. It is highly suggested to not store your Litecoin in an exchange (such as Coinbase, Poloniex, Bittrex, etc.) because you don't control the private keys. If the exchange ever goes offline, or becomes insolvent, your Litecoin essentially disappear. Some other options are:
If you're a fan of mobile devices, then Loafwallet is the wallet for you. Developed by a Litecoin community member, losh11, this mobile wallet works great!
Hardware wallets are another great option, in fact, they are said to be the most secure way to store cryptocurrencies. Below is a list of the litecoin flexible hardware wallets.
Litecoin is now the sixth-largest true cryptocurrency by market capitalization. Websites are rapidly adopting Litecoin as a method of payment, if you would like to explore websites that accept Litecoin, head over to /AcceptingLTC. Here are several of our favorite merchants accepting Litecoin:
The Litecoin community is extremely kind and robust. There are many forums and places where you can discuss Litecoin with others who are interested in the currency. Here are the main ones:
If you have more questions, or are genuinely interested in learning more about Litecoin then be sure to check out the Litecoin Wiki. If you have a specific question that you can't seem to find the answer too, ask below and someone will help you out!
We've been overwhelmed with newcomer posts. In light of this, we created a bot that will PM people without flairs various pertinent information to read through when they post. In order to stop receiving these, simply add a flair to your name. Thanks!
(Re-post of u/Sparkswont cuz it was archived) Whether you're new to cryptocurrency and have no clue what a 'litecoin' is, or a seasoned investor in cryptocurrencies, the resources below will answer all your questions. If you still have questions, feel free to ask below in the comments!
What is Litecoin?
Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Litecoin is one of the largest, oldest, and most used cryptocurrencies in the world. Similar to Bitcoin, Litecoin uses blockchain technology to process transactions. So what's the difference? To process a block, Litecoin takes 2.5 minutes rather than Bitcoins 10 minutes. This allows for faster processing times. Litecoin also has the capability to produce a total of 84 million units, compared to Bitcoins 21 million. In addition, Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard. Still confused? Take a look at this video!
Where can I buy Litecoin?
There are many websites and applications where you can buy and sell Litecoin, but make sure the exchange you are using is trusted and secure. Here are some exchanges that are trusted in the cryptocurrency community:
Litecoin (and other cryptocurrencies) is stored in a digital wallet. When storing Litecoin, you want to make sure you trust the place you store them. This is why it is best to store them yourself through the electrum wallet. It is highly suggested to not store your Litecoin in an exchange (such as Coinbase, Poloniex, Bittrex, etc.) because you don't control the private keys. If the exchange ever goes offline, or becomes insolvent, your Litecoin essentially disappear. Some other options are:
If you're a fan of mobile devices, then Loafwallet is the wallet for you. Developed by a Litecoin Foundation Dev, losh11, this mobile wallet works great! And remember to always make sure to write down your seedkeys.
Hardware wallets are another great option, in fact, they are said to be the most secure way to store cryptocurrencies. Below is a list of the litecoin flexible hardware wallets.
Litecoin is in the top ten of all cryptocurrencies by market capitalization. Websites are rapidly adopting Litecoin as a method of payment as well. If you yourself want to accept LTC as a business, you can refer to these merchant manuals. Alternatively, if you would like to explore websites that accept Litecoin, head over to /AcceptingLTC. Here are also several of our favorite merchants accepting Litecoin.
Where can I discuss Litecoin?
The Litecoin community is extremely kind and robust. There are many forums and places where you can discuss Litecoin with others who are interested in the currency. Here are the main ones:
If you have more questions, or are genuinely interested in learning more about Litecoin then be sure to read this series. If you have a specific question that you can't seem to find the answer too, ask below and someone will help you out!
PSA: Users, (solo)miners, exchanges/merchants, and pool operators must be on v0.10.1 in advance of the hardfork otherwise you will get forked/booted off the network. Miners, please contact your pool operator to ask them if they have upgraded | Monero v0.10.1 released - mandatory upgrade!
Approximately the 9th of January there will be a hardfork on the Monero network. Most pools have upgraded or are in the process of upgrading, but some have not upgraded yet. If they don't upgrade before the hardfork they will get forked/booted off the network. As a result you will miss out on revenue if you are mining on these pools. Thus, if you are mining on one of the pools that hasn't upgraded yet or hasn't scheduled an upgrade, please contact your pool owner as soon as possible and urge them to upgrade. Alternatively, you can switch to a pool that is on the right version.
To all pool operators: If you haven't already, you will need to update the node-cryptonote-util software in order for your pool to cross the january fork. I think many of the pool ops have done so already, but for those who are not in #monero-pools, you will need this patch: https://paste.fedoraproject.org/506116/17116821/ This applies to zone117x's version of the pool. There is a version of this ported to clintar's fork, which is here: https://github.com/M5M400/node-cryptonote-util/commit/37f50f9b535f0258c3a1c6f7247a891b4c211ff3. If you're not running this when the fork happens, you will be forked off. For pool miners, you may want to check with your pool op that they're running the patch a few days before the fork, and switch to a known good pool otherwise. Please prefer smaller pools when doing so.
Also bear in mind that running v0.10.1 or the GUI beta is mandatory. Any other versions will get booted off the network. Thus, miners, please email your pools and ask them if they are running v0.10.1 and have applied aforementioned patch.
General hardfork information
The upcoming fork will enable Ring Confidential Transactions. This will significantly enhance Monero's privacy. Note that they will not be enforced yet. That is, this hardfork will enable them, whereas the hardfork of September 2017 will enforce them. If you want to read more about Ring Confidential Transactions, see: https://lab.getmonero.org/pubs/MRL-0005.pdf https://monero.stackexchange.com/questions/tagged/ringct Due to variance the hard fork will likely be on the 9th or 10th of January. A specific block height was determined for the hardfork, not a specific date. The specific blockheight for the hardfork can be found here. That is:
// version 4 starts from block 1220516
As an user you need to run either v0.10.1 or the Monero Core GUI Beta 1.
Monero v0.10.1 - Wolfram Warptangent - release
First and foremost, please upgrade to this version. A blockchain resync is not needed. Only this version will work after the fork of January 5. Note that this fork will enable Ring CT transactions, but will not enforce them yet.
Overview
This is a necessary point release of Monero v0.10 "Wolfram Warptangent", and is highly recommended as it includes consensus-changing fixes to the RingCT implementation and various other bug fixes. Some highlights of this release are:
major changes to support the GUI
adds full support for "fluffy blocks", a propagation improvement similar to Compact Blocks in Bitcoin Core
adds in a dynamic fee system
expansion of the data stored in the wallet cache, including the GUI address book
switch to Borromean signatures in RingCT
add Monero payment URI support to the wallet library
complete overhaul of the threading system
optimise the wallet blockchain refresh mechanism
created a contributing guide
switched to a dynamic dust threshold system
added a command to compute the total coinbase
major RingCT performance improvements
killed off the old fast_exit mechanism, which caused more issues than anything else
improved and fixed the cold wallet transaction signing mechanism
overhauled the sweep_unmixable implementation
fixed FreeBSD builds
Official Download Links:
All available binaries can be found on the getmonero download page or on Github (at the bottom). Official Direct Links:
Simply create a new directory with the 0.10.1 binaries and copy your wallet files over to there. Make sure to backup your wallet files properly. If you need any help, feel free to PM me or respond in this thread. Note that your wallet contains three files, namely wallet.keys (this is the most important file, since it contains your keys), wallet (this is the wallet cache, which contains your transaction history and private tx keys), and wallet.address (which is just your public address). In addition, if you incur a bug whilst upgrading, you can always restore your wallet with the mnemonic seed as follows: For Mac and Linux: ./monero-wallet-cli --restore-deterministic-wallet On Windows make sure to launch it from the command line. Go to the folder monero-cli-wallet is located and make sure your cursor isn't located on any of the files. Subsequently do SHIFT + right click and it will give you an option to "Open command window here". Lastly, type the following command: monero-wallet-cli.exe --restore-deterministic-wallet If you want to restore from the private keys instead of the mnemonic seed, replace --restore-deterministic-wallet with --generate-from-keys
Contributors for this Release
This release was the direct result of 29 people who worked, largely unpaid and altruistically, to put out 481 commits containing 10 517 new lines of code. We'd like to thank them very much for their time and effort. In no particular order they are:
Randi Joseph
Gingeropolous
Shen Noether
Pierre Boyer
taushet
guzzi_jones
Oyvind Kvanes
J Ryan Littlefield
lethos3
Will Skinner
codehalo
Jaquee
Dan Miller
moneromooo-monero
AwfulCrawler
Lee Clagett
Riccardo Spagni
zveda
anonimal
TedTheFicus
luigi1111
Myagui
NanoAkron
Jkat
iDunk5400
Adriaan Joubert
Dion Ahmetaj
Jacob Brydolf
Ilya Kitaev
GUI
You can find the release (and binaries) of the first beta here.
we created a bot that will PM people without flairs various pertinent information to read through when they post. In order to stop receiving these, simply add a flair to your name. Thanks!
(Re-post of u/Sparkswont cuz it was archived) Whether you're new to cryptocurrency and have no clue what a 'litecoin' is, or a seasoned investor in cryptocurrencies, the resources below will answer all your questions. If you still have questions, feel free to ask below in the comments!
What is Litecoin?
Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Litecoin is one of the largest, oldest, and most used cryptocurrencies in the world. Similar to Bitcoin, Litecoin uses blockchain technology to process transactions. So what's the difference? To process a block, Litecoin takes 2.5 minutes rather than Bitcoins 10 minutes. This allows for faster processing times. Litecoin also has the capability to produce a total of 84 million units, compared to Bitcoins 21 million. In addition, Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard. Still confused? Take a look at this video!
Where can I buy Litecoin?
There are many websites and applications where you can buy and sell Litecoin, but make sure the exchange you are using is trusted and secure. Here are some exchanges that are trusted in the cryptocurrency community:
Litecoin (and other cryptocurrencies) is stored in a digital wallet. When storing Litecoin, you want to make sure you trust the place you store them. This is why it is best to store them yourself through the electrum wallet. It is highly suggested to not store your Litecoin in an exchange (such as Coinbase, Poloniex, Bittrex, etc.) because you don't control the private keys. If the exchange ever goes offline, or becomes insolvent, your Litecoin essentially disappear. Some other options are:
If you're a fan of mobile devices, then Loafwallet is the wallet for you. Developed by a Litecoin Foundation Dev, losh11, this mobile wallet works great! And remember to always make sure to write down your seedkeys.
Hardware wallets are another great option, in fact, they are said to be the most secure way to store cryptocurrencies. Below is a list of the litecoin flexible hardware wallets.
Litecoin is in the top ten of all cryptocurrencies by market capitalization. Websites are rapidly adopting Litecoin as a method of payment as well. If you yourself want to accept LTC as a business, you can refer to these merchant manuals. Alternatively, if you would like to explore websites that accept Litecoin, head over to /AcceptingLTC. Here are also several of our favorite merchants accepting Litecoin.
Where can I discuss Litecoin?
The Litecoin community is extremely kind and robust. There are many forums and places where you can discuss Litecoin with others who are interested in the currency. Here are the main ones:
If you have more questions, or are genuinely interested in learning more about Litecoin then be sure to read this series. If you have a specific question that you can't seem to find the answer too, ask below and someone will help you out!
Wait about 10 minutes for your channel to go from awaiting lock in to normal status, check with this command
cli/lightning-cli listpeers Once the channel is up, your node alias will appear on the network graph here; https://lnmainnet.gaben.win/ Now you can go to the Blockstream store make an order and pay it with this command. Copy paste the bolt11 payment string provided on the checkout page. cli/lightning-cli pay And thats it!! If you need assistance, ask here anytime; http://webchat.freenode.net/?channels=%23c-lightning
What is Tau? Tau is a blockchain platform that will allow for on-the-fly logical consensus detection which enables it to scale some of the largest bottlenecks to human advancement including social governance and knowledge creation. By using a self defining and decidable logical framework, Tau is the first in this space to be able to gather data voluntarily submitted by its users and logically deduce valuable knowledge over a network secured with blockchain technology. What this means is that in effect, we can scale collaborative endeavors between thousands of mathematicians, doctors, computer scientists, engineers and other experts to greatly accelerate the production of knowledge. Tau aims to become an indispensable technology. Once Tau has launched, any company, nation or organization not using the collaborative power of the network will be rendered obsolete. What is Agoras? Agoras will be an integral platform built over the Tau network and will serve as the primary economy that'll take full advantage of Tau's revolutionary features. Agoras itself is comprised of 3 distinct parts: 1) Automated Knowledge Economy 2) Computational Resource Market and 3) Advanced Currency with Derivatives Features. Through the power of Tau, we envision the possibility of fully autonomous businesses operating over the Agoras virtual economy. Where can I buy Tau/Agoras? Tau itself has no token much in the same way as the internet, as a piece of technology, has no need for a token. However, the best way to invest in this project is by purchasing Agoras tokens, which will be the primary currency of the marketplace to be built over Tau. Currently, these tokens are placeholder tokens in the form of an Omni Asset based on the Bitcoin blockchain. They will be exchanged for actual Agoras tokens once our own blockchain is ready. Agoras is actively trading on the following exchanges:
How can I hold my Agoras Tokens? You may hold on Agoras in your omni wallet https://www.omniwallet.org/, or in any Bitcoin address to which you possess the private key such as a paper wallet. If you use the last method and wish to send Agoras out, you'll first have to import your private key to Omni. How are Agoras tokens to be distributed? There are a total of 42 million Agoras tokens in existence representing 100% of future circulating supply. Ohad Asor is only reserving 3% for himself and his team, which means 97% will eventually be sold. To date, about 30 million have been sold over the last 2 years. Ohad has suspended direct sales until project development progresses further along. Agoras represents one of the fairest fund raising and distributions of tokens in the crypto space. What is the Roadmap for this project? Tau progress can be generally defined by the following milestones:
Tau Meta Language and Initial Network
Collaborative Discussions Platform (alpha)
Automated Code Synthesis of Programs (beta)
The Tau Blockchain Network
Beyond this stage, we will be working on Agoras. Precise deadlines are relatively meaningless in the world of software engineering, but the development team estimate it's likely it can complete the Tau Meta Language and the Collaborative Discussions Platform some time this year (2018), and perhaps development would progress even faster than anticipated. Who is the Lead Developer Ohad Asor? Ohad Asor is an accomplished mathematician, programmer, computer scientist and logician. Ohad went to university at the age of 13, and is regarded by many as a true genius even among prodigies. He has devoted almost all his spare time to rigorous academic studies, and as a result, has developed extensive knowledge that few experts could match. Ohad has over 30 years of experience in programming (don't worry he's not that old, only 37). Tau's design is the culmination of years of research by Ohad, particularly in the areas of complexity theory, linear algebra, logic and social choice theory. It represents the seamless combination of the cutting edge of all these fields. We very much welcome technical questions in our IRC regarding any of these areas and more. Where can I see the code? You can find the Tau github repository is here https://github.com/IDNI/tau This all seems too good to be true, where can I get more information? Ohad's new blog gives a fairly robust overview of the project Trafalgar's Introduction to Tau and follow up are fairly accessible explanations of the project Dana Edwards has written a number of posts on Tau/Agoras. Here is an introduction to the Tau Meta Language
(TL:DR - Escrow scam. Forums. DON'T DO IT!!!) Morning Redditors, This is the story of how I gave away over £12,000 of Bitcoins last night to a conman. I hope that it is a good read, up there with other true crime stories like The Hatton Garden Heist or Making of a Murderer but I can't promise crowbars let alone a murder. The real purpose of this story is to make sure no one else ends up being scammed like I did. Two days ago I watched with my brother the escalation of Ethereum up into the night sky, a twinkling $2 star. We discussed making an investment in Eth as our mining operation at 126 MH/s didn't instill the same sense of excitement from the rising Eth price. What if we had not spent £900 on the rig but simply invested it at 90 cents. We'd surely be laughing now. Not watching tears puddle. Now it isn't straight forward buying Eth, first you have to get some Bitcoin and then use that on an exchange site to get Eth. Being a tight arse I spent a long time googling how to get hold of Eth in the cheapest possible way without buying it for $2.2 or more. That's when... Scanning the https://forum.ethereum.org/categories/sale I spotted a guy who wanted to sell over 32,000 Eth. The dream was to be able to afford vanilla latte's whenever I went out. A mere 1000 Eth would be plenty... Exhibit 1 This is the post I clicked on and private messaged the guy.. "I'll offer you 4.5 BTC for 1000 ETH". That's about $1.8 per ETH. "I can sell you more 10k ETH for 42,5 btc if you want to buy." About $1.7 per ETH. "Hmmm. I'm interested, but want to know a bit more. How would this transfer work? How do I know I won't get scammed :) Sorry. Thanks" Slap myself so hard it cuts my quivering lip "It's ok and i respect yours question . We can use any escrow , also i have 15600 ETH and i will sell them all.Ok, escrow is ok for me." "Ok. I've never used an escrow before, do you know a particular one that is good?" "https://webchat.freenode.net/ channel #ethereum DEV is Animazing , join here pls" Exhibit 2 OK so it should be like on a submarine when the alarms go mental, all the internal cogs firing warnings. Yeah I obviously had a few doubts but the guy was so convincing and confident.. bloody con men. -------- PART 2 -------- This is not easy to write. I'd prefer to simply forget and move on and not go on any holidays for a while. You may have noticed how my initial 1000 ETH request turned into 10,000 ETH! Just like that. Hey, why not? We could sell it on almost immediately for more. OK. That's most of my savings but imagine the reward. And so easy. Easy money. If it looks to good... blah blah. bullshit. So we're doing escrow. ESCROW. Someone mentioned that once somewhere, it's that safe way of transferring money via a middle mediator who makes sure both sides give him the money before he passes it on. Everyone is happy. And safe. I googled escrow naturally as I didn't know much about it. Still don't. But the fact is there wasn't an obviously site that jumped out and said "I look safe and modern, do escrow with me!". So I kindly asked the conman to recommend somewhere and he directed me to the chatrooms of Ethereum. Fucking hell. Anyway on we go. --- NEW SCENE: https://webchat.freenode.net/ #ethereum --- The guy StrongEth has the name 'Navigator' now. He directs me to a private chat room with a guy called @'Animazing. I have no idea who this is. I am reprimanded by @'Animazing for my ignorance. He is an Ethereum dev and forum moderator. Oops, I don't want to ruin the deal. I apologise for my ignorance. Navigator also apologises on my behalf and then tells me not to worry in our own private chatroom. [19:07] <@Animazing> i/m Moderator [19:07] <@Animazing> and who are you ? [19:08] <+lifeofplum> I'm just a guy who wants to buy some eth [19:08] <+lifeofplum> Ok but I don't see what stops you running with our coins? [19:08] <@Animazing> Then go search who i'm [19:08] <@Animazing> before you say anything [19:09] <+Navigator> sorry man [19:09] <+Navigator> He don't know, he is new [19:09] <@Animazing> I don't care Navigator who is who [19:09] <+Navigator> i know [19:10] <@Animazing> He need to checked before he cross in Ethereum community [19:11] <@Animazing> http://pgp.cs.uu.nl/paths/85BE4B0C/to/695506FD.html [19:11] <@Animazing> ifeofplum [19:11] <@Animazing> http://pgp.cs.uu.nl/paths/85BE4B0C/to/695506FD.html [19:11] <@Animazing> FIRST READ [19:11] <+lifeofplum> look i'm going to need to do a bit of research, this is just going a bit too quick sorry [19:12] <@Animazing> https://redditjs.comanimazing [19:17] <@Animazing> So guys To be honest I had no idea what these pgp images showed. But they looked legit to me.. Me. Who knows nothing about escrow or pgp. Dick head. Exhibit 3 - PGP link My next quest was to get hold of 42.5 BTC. No easy task. Especially when you are not verified on any of the main sites. After a couple of hours deliberating and coming up with nothing I tell Navigator it is no good, maybe we can try again tomorrow. I was going to play a boardgame downstairs (Castles of Burgundy) so was quite happy to leave it there. Navigator says "try LocalBitcoins". The price was £293.46 per BTC and I would deal with a individual seller. Hmmm. I wasn't too sure about this. But I thought it seemed alright and could be done quickly so I went ahead. Doing it in two installments of 20 BTC and then 22.5 BTC .. to be safe!!!! Ha. Well it went perfectly well. That was maybe another point where I got further sucked into his web. Now I had trusted one random guy on the internet and it had gone well. Why would I doubt Navigator? Eh? The excitement was beginning to build. Imagine 10,000 ETH. Imagine when the price climbs higher. This is my moment. At the time I remember thinking.. "look back on this date as one of those days when your life changed". Oh god. The writing was on the wall in front of my face. !!!ATTENTION: people have been impersonating Ethereum staff. Please note: we will NEVER advise you on an investment, ask for private keys etc. Be careful !!! I even brought this up with Navigator.. "Yeah you have to be careful". We can trust @'Animazing though 100%." Fuck a doodle do. Animazing gave me his bitcoin address. I send the 42.5 BTC to that address. He tells me to be patient, it can take up to 20 minutes to reach him. We wait 16 minutes exactly until it is confirmed. [22:53] <@Animazing> i POST BTC address [22:53] <@Animazing> 1AA3DK4ru2musrEuduyg4dSofCieZteUAW [22:53] <+lifeofplum> ok [22:54] Ok 42,5 btc for 10000 ETH [22:54] <+lifeofplum> Right [22:54] <+lifeofplum> Sending now [22:54] <@Animazing> Ok [22:54] <+lifeofplum> Sent [22:55] <@Animazing> Ok [22:56] <@Animazing> waiting to confirmation [22:58] <+lifeofplum> how long does this normally take for transfer? [22:58] <@Animazing> still unconfirmed [22:58] <@Animazing> 20 min [22:59] <+lifeofplum> ok [23:12] <+lifeofplum> 1 confirmation i think [23:12] <@Animazing> yes , still waiting [23:18] <+lifeofplum> I see "3 confirmations" for the transaction in my wallet now [23:19] <@Animazing> wait pls [23:22] <@Animazing> 2 confirmation [23:22] <@Animazing> in the wallet [23:22] <@Animazing> just wait 1 more [23:32] == `Animazing [[email protected]/web/cgi-irc/kiwiirc.com/ip.195.242.222.166] has quit [Quit: http://www.kiwiirc.com/ - A hand crafted IRC client] [23:32] == Navigator [[email protected]/web/freenode/ip.195.242.222.166] has quit [Quit: Page closed] Hold on. Why did they both leave at exactly the same time? Stay calm, it's ok. Maybe the chatroom went down. But I was still here, other people too - enquiring about how to get their mining rig running in Geth. That black hole of doubt started sucking me in. Little by little until I was overcome. This cannot be. No way. There must be an explanation. @Animazing was still in the forum but when I tried messaging him I was told he way away. Hmm. Why had he suddenly disappeared? Surely everything would be OK - if he were a main dev of Ethereum he couldn't run away. THINK. Navigator had sent that pgp image and there was an email address for one Jeffrey Wilcke. I googled him, he was definitely a real person. Everything would be fine. I could hunt him down in Amsterdam on my bicycle if need be. So I emailed him. No reply. Found Animazing on Reddit - "Where are you? We were in the middle of escrow." Found Ethereum on Facebook - Private message "Do you know Animazing? I need to speak to him asap." What to do? Had I really just lost £12,748? Cycling through the stages of grief. Denial. Anger. Bargaining. Depression... Surely someone would know Animazing in the chatrooms. I spammed everyone. You know when you exert yourself or find yourself really panicked and high on adrenaline, and you just don't care about anything - no inhibitions. Well now I was at this point. Someone needed to tell me something. Finally some guy called kopykat seemed a bit wise to the situation.. "What was his name exactly?" he asked. "Animazing" "Can you copy and paste it?" "@'Animazing" "Well that isn't Animazing. Do you see the '? It's a fake account. An impersonator." The final torpedo had hit. The submarine was going to rest on the bed, the people resigned to be entombed for eternity among the fishes. ANGER. HOW COULD I BE SO STUPID? PART 3 - Today. 25th January. After the night before. An awful night of anxiety, there was no cold side to the pillow anymore. At around 9am I received an email from an Ethereum developer - the real Animazing - who I had Facebooked last night: "I'm afraid you got scammed. I have never done nor will I ever do an escrow." Bargaining. It can't have been for nothing. As I rolled sweaty in the night head spinning like the stars above I thought about how this could possibly be a positive thing in my life. I would sell my story and make my money back! HA. Nope, that would mean everyone would know how much a fool I am. I don't want to be a fool to the world. I can keep that to myself. Maybe this is my way in to a job at Ethereum? Some people do actually have to pay for internships these days. Nope, it is time to be realistic and go and chop some wood. It won't know what hit it. The final stage of grief hit me late this morning: Acceptance.
What is FLO? FLO is a cryptocurrency that introduces a worldwide public record for storing information. FLO coins are needed to pay for storage capacity, and coins are issued to reward participants for their work to secure and distribute information. FLO is used to send payments and store data. This encourages building applications because anyone has the ability to write data into FLO. How does FLO work? FLO is a network similar to bitcoin where the open ledger is secured by miners competing to find proof-of-work. FLO has its own ledger, called the FLO blockchain, that can be thought of as a digital public space for storing information.
40 second block generation allows for fast confirmations, but not too fast to cause problems with network synchronisation.
No pre-mine, super-blocks or zero-blocks at the start.
Quick difficulty adjustment should limit insta-mining in the first hours after launch.
A floData can be added to any coin transaction. This can be used to attach a simple message or reference to a transaction, or for any other purpose decided by the coin receiver and sender. floData is currently limited to 1040 characters. Both the GUI and RPC interface have been extended to implement this feature.* The floData field can be seen under the "Transactions" tab when you double click on a a transaction ("Transaction information"). Also available from the terminal by doing "listtransactions".
Note that floData is stored in the block-chain and are therefore public. If you want to send private information in your floData you should encrypt the message using a method agreed upon by the sender and receiver.
floData has minimal impact on the size of the block chain due to small size (relative to the size of a block in the chain) and the fact that it does not take up any extra space when not used in a transaction. Transaction costs (calculated on transaction size) also offset the impact of slightly larger transactions when floData is included.
Technical Specifications
Block target spacing: 40 seconds Difficulty retargets every blocks Block reward: 100 FLO, halving every 800,000 blocks (about 1 year) Maximum coins: 160 million FLONetwork port: 7312RPC port: 7313
The following post by codedaway is being replicated because the post has been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7npeh6 The original post's content was as follows:
Hi Everyone, I'm trying to create a post that can be stickied with regards to the Lightning Network. This post should be used to provide as many links to as many resources as organized as possible. This is obviously a large task and I've tried to start it in hopes that I can crowdsource this in the comments to keep adding content to this post. Feel free to recommend any additions but please provide sources for your information. Also please correct myself or anything that appears up here that seems incorrect and I'll do my best to edit quickly.
RAoA January Mini-Bomb! Drawing on January 31 @ 8 PM EST!
It's time once again for our something-approximating-monthly mini-bomb! We had planned on doing a "full-scale" bomb this month (with unlimited entries and multiple winners), but we took too long to get the announcement posted. We're now planning on doing one of those in March. How this works
Each user may enter only once.
Sign up by entering your username and wishlist link on our signup form.
We also accept Bitcoin, Litecoin and Dogecoin for entries. Send a modmail for a wallet address.
The mods will match all entries. Expect a total pot of around $40-$50!
On January 31st, we will hold a live drawing in our Tinychat roomIRC channel. A single winner will be drawn for each Amazon region that received entries (.com, .co.uk, etc.), and everyone in the room will help choose their prize!
You do not have to be present at the drawing to win.
for direct help, feel free to join irc: #cryptoalias *waves I'm excited to share at least a little of my latest pet project: CryptoAlias.io the goal of CryptoAlias is to make sending crypto easier on the user than the current address system, by tying your wallet adderess to your reddit or twitter handles. it is free, and its basic functionality will always be free for both users and services. DJHBWMK1Zi9iG65iVJDtFPaNcyyjXkNseS becomes [email protected] how to registe update addresses: I use your reddit (and soon twitter) name to issue aliases as it combats name stealing which has been an issue with past alias services. also in the future, I will grant the ability for 3rd party services to issue their own aliases ([email protected]!). register example: // you can only register once, this enters your name into our database while at the same time giving you the ability to register coin addresses. +cryptoaliasbot register dogecoin:DJHBWMK1Zi9iG65iVJDtFPaNcyyjXkNseS update example: // use update to change the addresses associated with the specified coin +cryptoaliasbot update litecoin:LV1kgJAvyPGz8n7uZwQhX5ptFYHbgSBjy9 dogecoin:DJHBWMK1Zi9iG65iVJDtFPaNcyyjXkNseS note that the order in which the coins are named does not matter. Lookup example:// used to lookup the address associated with a alias +cryptoaliasbot lookup [email protected] current I support: bitcoin, dogecoin, litecoin (although the system can easily scale to accept any coin). I've setup /cryptoalias for testing. how to integrate: (for services) through a simple, entirely free API any service can easily integrate cryptoalias by parsing the JSON return from http://CryptoAlias.io/api/lookup/[email protected] or if you would like to get the profile of a reddit user http://CryptoAlias.io/api/lookupProfile/[email protected] for a user friendly interface, I've also added a basic lookup interface to http://CryptoAlias.io (note: still a mockup, many formatting , such bad)
SECURITY this is an important topic that very few people have addressed properly. so lets talk security my current structure has a 3 tierd gatekeeping system with redundant checking across several databases and internal logs to make sure that every request receives a genuine response. if at any point a unauthorized record change takes place, the system will flag inconsistencies and in the case of a large scale attack, will revert to a totally isolated identical failover system that provides even greater security checks. this system has already passed preliminary penetration testing by a third party and I am currently waiting for authorization from my host to do full scale attacks on it. bottom line: even if someone could feed bad information to the system, it would know instantly and worst case scenario, the system would deactivate itself and allow an independent backup system to take its place. because registrations are public, you can verify by yourself that the address my system gives out, is the address that was registered to the account currently not activated for testing all API requests are available through HTTPS to guarantee the integrity of the information you receive. (right now the domain is still being transferred, so my SSL cert is not valid, if you would like to test HTTPS api calls, toss me a message and I'll give you the address to a test sandbox with HTTPS enabled) 2 factor authentication on the control panel (control panel also not available at the moment) 24 hour lockout on changing an address. to secure you from someone hacking your reddit account and using it to alter your addresses, there will be a 24 hour lockout on changes, and the system will return a notice of locked status in the event of a lookup. future? moon? in all seriousness, I've got a huge array of additions to this system that I am preparing to add in, but I cant blow the lid on them just yet. needless to say it will be epic! known bugs:
references do not properly update with the "update" command fixed
cryptoaliasbot should respond with a landing page to display the json
summoning cryptoaliasbot from a post does not work, only comments (I think this is a reddit issue)
website looks like shite
I would greatly appreciate any testing that you guys would be willing to do and any feedback you can provide. I've loved working on this and will continue to love working on it. -panda bonus: what I look like after sleeping 1 hour in the last 48 hours to finish this WARNING: please don't attempt to integrate this into anything until alpha phase has passed, I'm confident in the security, but I'm making hourly changes to the systems and there is no telling what kind of problems a bug might cause. this is more of a tech demo and shouldn't be used for any real transactions without verifying the addresses manually.
There are lots of nice communities on IRC with rooms for discussing various topics and people giving free support for problems
You can access the Freenode IRC channel through your web browser here: http://webchat.freenode.net/ Channels begin with # and you can specify multiple ones using a , between them. i.e #bitcoin, #electrum, #coinbase
Greetings, I am a moderator and a project manager (one of many, hopefully you will be too) for a new cryptocurrency named Bitcoin Plus (xbcplus.com). We are a community-focused coin comprised of volunteers from a variety of backgrounds. Our community votes on projects, gets consensus, and and gives the community members a voice so we our community can be crypto champs. The XBC community has already become known as a very resilient community, We are looking for new members of crypto community to join our fast growing community. Some Quick Facts on Bitcoinplus:
Algo: Scrypt POS
Codename: BitcoinPlus (XBC)
Block Time: 60 Seconds
Confirmation: 5 Blocks
Total supply: 55,350---only 420 more rare than BTC
Stake: 10% annually
Multipool: Hashcows, currently over 100Mh, we are increasing it daily
(Soon to be mintpal, voting moved up from #26 to #16 on 29 May) (Moving up on Cryptsy, and thanks to some of Cryptsy crew for help with the wallet development) Please check the XBCplus.com website, the people leading XBC are open to the public, honest, and you can join us. If you have some skill or project you would like to see happen join us and talk to people, you will very likely find big support (lets do it!) The community is working on a variety of projects right now such as dedicated multipool. There is also a online mall, etc, built by wallenstein a very experienced developer from I believe Switzerland The coin is consistently traded a respectable 40-500 in BTC volume per day on poloniex. Some people compared XBC to an early dogecoin, but it is a probably not a fair, but simply a hopeful comparison at this point in time. Again we are looking for people to join our project and (also moderators for the Bitcoinplus community (XBC)). We are doing this as part of a big effort to include more people in the community. We need your help champs !!! Let us know what you want to do !! Please contact me! Please visit our Reddit and join our reddit; Please visit us in IRC @ the channel #XBC and let everyone know you are new; Thanks in advance for the help. Best Regards, Hamty
Nickname Registration. Your nick is how people on freenode know you. If you register it, you'll be able to use the same nick over and over. If you don't register, someone else may end up registering the nick you want. I can find the log for other bitcoin-related channels, but not the..Freenode WebChat; 8 Oct 2017 This summer I've founded a bunch of Bitcoin-related projects (read the story about this adventure… Crypto — The god of all crypto channels. Jameson Lopp :: Slush's bitcoin mining pool. Stanislas Marion Bitcoin Prices,Exchanges and Blockchain Data SB2-17 play_circle_filled Paul Sztorc Bitcoin Hivemind, Drive Chain, Blocksize limit survey SB2-18 Gemini Bitcoin Wallet Id Litecoin Segwit Status FreeNode.net is a network that is very popular with open-source development communities. Feel free to watch, but please take commentary Freenode Webchat . R96350 $6427 IRC standard connection · IRC secure connection · Webchat.Free Software Directory Are there any out there as Open source? You have stumbled upon the Kiwi Webchat for the freenode project. To learn more about the freenode IRC network, the freenode #live conference and other freenode projects head over to our website.our website.
Can 1 Unobtanium be worth 8 Bitcoins in the future?
how to get a free recharge for a Rs 30 in your wechat account at now 1. paytm account 2. wechat account 3.note the code. UNO WALLET: ueFQSPc212KRRDYPDczSV46qXjarvTBMUE Get started trading crypto-currency in minutes Register at: https://www.cryptsy.com/users/register?refid=72643... ★25 statistical charts and stats about the bitcoin blockchain! ★Compare Volume and Price between different Bitcoin markets! ★Chat with other traders on IRC Freenode #bitcoin -analysis channel! HYPER wallet includes coin control for serious staking. PoW/PoS - FINISHED This phase is for PoW and will also include 5% monthly interest for holders compounding daily (will last approx 2 weeks). It already supports advanced trading on www.cryptsy.com, www.poloniex.com and www.bittrex.com - and now it supports www.cex.io - the worlds largest bitcoin commodity exchange.
