Author Topic: Litecoin Core Development Fundraising  (Read 23627 times)

Offline coblee

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Litecoin Core Development Fundraising
« on: May 25, 2013, 08:31:39 AM »
https://litecointalk.org/index.php?topic=15561.0
This thread was for 2013.  Please refer to the Litecoin Dev 2014 Fund thread.


Purpose: To generate funds to help pay for core development work.

As you are probably familiar, the Litecoin-qt/litecoind client has not seen a release in some time. We are currently working on a new version of the software that will bring it current with the Bitcoin code base.

We have a number of developers who are highly skilled and motivated to work on this project. Work has commenced to carefully review and convert patches against Bitcoin v0.6.3 to create a clean rebase upon v0.8.x.  Once this is complete, we’ll need to do extensive testing and some additional documentation.  After the client is modernized and the network is upgraded, we have exciting plans to further improve the Litecoin protocol.

These operations take time and unfortunately a number of our developers must necessarily split time between paying projects (i.e. their day jobs) and this important work to better ensure the long-term safety and security of the Litecoin network.

It is for this reason that we are requesting donations to help fund this development work.  Funds will first be used to reimburse core infrastructure hosting expenses before being divided amongst the developers.

LTC: LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3
BTC: 1KD5tt1p3mdZH8DDXeEwdsJNpiwUZCfzkF

Thank you,

The Litecoin Development Team
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warren
« Last Edit: February 18, 2014, 09:17:03 PM by coblee »

Offline warren

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Re: Litecoin Core Development Fundraising
« Reply #1 on: May 25, 2013, 08:33:42 AM »
Update June 23rd, 2013:
We continue to collect donations to accelerate the development of Litecoin and supporting vendor integration tools.  Businesses in particular may be interested in donating to get their name in the sponsor list as being on record in support of the community.

Original Text Below ...
Quote
Updated: June 18th, 2013: We met the 5,000 LTC Challenge!

Litecoin Dev Fundraiser: 5,000 LTC Matching Donation Challenge
A big sponsor who wishes to be anonymous is willing to support the Litecoin Development Team.  They are offering a challenge grant where if we receive an additional 5,000 LTC in community donations by June 18th noon GMT, the anonymous sponsor will match with an additional 5,000 LTC.  These combined funds will go a long way toward enabling long-term development of the Litecoin software and related vendor integration tools.

The dev team donations prior to the challenge amount to 3,059.8868 LTC at LRNYxwQsHpm2A1VhawrJQti3nUkPN7vtq3.  The challenge will be complete when gross donations reach 8,059.8868 LTC as tracked on this spreadsheet.  Bitcoins donated to 1KD5tt1p3mdZH8DDXeEwdsJNpiwUZCfzkF converted and deposited to the LTC address count toward the challenge.

https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0
A list of sponsors, donations, and expenses of the Litecoin development project are listed here.  If you contact Warren with your txid and cryptographic signature proving ownership of the sending address, we may add your name or business name to the sponsor list, at our discretion. 

“The 5,000 LTC matching challenge funds is currently sequestered at LXhTDTv1cwGUb67DX88xtkQriYWmTFAVyr.”
Cryptographic signature of the quoted string proving the matching challenge funds: G/JW/UyKeN/Uplj1EVa2gmOZBN9g4FXXvNRHCnHJAdv7rtVMDX1pmfrpyLW47LaVKj7uPAfT/hKQuoMVJwPn/b4=

The identity of the anonymous sponsor will be revealed later.

Sponsorship Credit
https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0
All donations and expenses are to be tracked here.  Please let me know if you want your name to be listed as a sponsor.  Alternatively business owners might want their business name to be listed as a sponsor as a form of advertisement.  Please reply identifying yourself in the thread, perhaps include a crypto signature of the sending address as proof.  If you wish to remain anonymous that is fine too.

Development Status
Please follow the Litecoin Dev Team on Google+ for the latest news.  Will post stuff there first.

See the Litecoin Core Development Fundraising sister thread at BitcoinTalk.
« Last Edit: August 06, 2013, 08:35:52 AM by warren »
If you appreciate our work, please support the Litecoin Development Team with a small contribution.
Follow the latest dev news on Litecoin Project Google+
GPG: AEC1884398647C47413C1C3FB1179EB7347DC10D

Offline chriswilmer

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Re: Litecoin Core Development Fundraising
« Reply #2 on: May 25, 2013, 03:30:37 PM »
Cool. I support this.

Can you say more about the vision of the Litecoin project? Is the goal basically to cautiously add updates after they have been "tested" on Bitcoin first, or are there some more independent ideas on the to-do list?

It's probably not realistic, but someone posted on reddit that if Litecoin implemented the Zerocoin concept first it would definitely be a competitive advantage over Bitcoin. Zerocoin seems pretty complicated, but there are other neat ideas out there.

Offline anarcoin

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Re: Litecoin Core Development Fundraising
« Reply #3 on: May 25, 2013, 03:57:58 PM »
Great idea.

I love love love the idea of litecoin implementing zerocoin.

How much cash are you hoping to raise?

democracy was the original 51% attack

Offline chriswilmer

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Re: Litecoin Core Development Fundraising
« Reply #4 on: May 25, 2013, 04:03:28 PM »
Donated 10 LTC... go go litecoin!

Offline anarcoin

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Re: Litecoin Core Development Fundraising
« Reply #5 on: May 25, 2013, 04:23:29 PM »
Just donated some LTC
should show up soon.

keep up the great work! and yeah, big vote for zerocoin implementation. 
« Last Edit: May 25, 2013, 05:08:08 PM by anarcoin »
democracy was the original 51% attack

Offline digitalmagus

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Re: Litecoin Core Development Fundraising
« Reply #6 on: May 25, 2013, 04:28:38 PM »
For curiosity sakes and as a small experiment, I've been collecting donations from the 60 Youtube videos of the Bitcoin 2013 conference http://www.youtube.com/user/digitalmagus7/videos that I recorded. I have thus far collected about $60 worth of donations, and I thus pledge all these donations ($60) to the litecoin core devs and $40 of my own for a total of 34.5 LTC donated. I strongly support viable alt-chains for a number of reasons mentioned in the Alt-Chains videos in the conference, amongst others. If all goes well, I may also start a litecoin related business later this year, at which point, if successful, I will seriously consider monthly donations to the core dev team - something I suggest other's whom are profiting from litecoin also consider doing. One time donations are great, but at the end of the day, these types of scenarios become easier to manage if they can rely on a base set of monthly donations, so as to dedicate themselves full time to development.

All the best, and thank you very much for your efforts thus far, and I must also thank the bitcoin dev team, I mean, without them litecoin would not be possible either.

Digital Magus

My 34.5 LTC donation: http://explorer.litecoin.net/tx/5484100d166e734dee8870696d62b45161e6fd9480d3b2938fc8f7cbb6c9c7d8#o0

Offline japface

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Re: Litecoin Core Development Fundraising
« Reply #7 on: May 25, 2013, 05:50:29 PM »
I'm putting in my vote for zerocoin implementation as well. To succeed, litecoin needs to be able to really truly distinguish itself from bitcoin. not just be its little brother. either zerocoin or a good idea to really make litecoin truly anonymous.
« Last Edit: May 25, 2013, 05:54:06 PM by japface »

Offline warren

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Re: Litecoin Core Development Fundraising
« Reply #8 on: May 25, 2013, 07:57:10 PM »
Hi folks.  Sorry to dampen enthusiasm.  I read the zerocoin paper and heard from core Bitcoin devs on the topic.  Their opinion is that it is incredibly inefficient in block storage use.  If Bitcoin adopts it or something like it then we may import it as part of a standard code rebase in the future.  Litecoin's own development in the next few months focuses on stability, security, user education, vendor integration and enhanced smart fees to allow lower fees with strong anti-spam protections.  All of these goals are to improve Litecoin's usefulness as a medium of exchange in commerce, which in the long-run is the only way to enhance its inherent value.
« Last Edit: May 25, 2013, 09:59:58 PM by warren »
If you appreciate our work, please support the Litecoin Development Team with a small contribution.
Follow the latest dev news on Litecoin Project Google+
GPG: AEC1884398647C47413C1C3FB1179EB7347DC10D

Offline Neozonz

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Re: Litecoin Core Development Fundraising
« Reply #9 on: May 25, 2013, 08:51:09 PM »
Mine-Litecoin.com has pledged 125LTC + 9.4LTC (transaction fee)

Mine-Litecoin.com also pledges that if at any time we charge a fee on our p2pool or push pool, we will donate 50% of the fee to Litecoin development.

 8)
« Last Edit: May 26, 2013, 03:11:25 AM by Neozonz »
Litecoin Pool: mine-litecoin.com No Fees. No Transaction Costs. No Nonsense.


Offline japface

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Re: Litecoin Core Development Fundraising
« Reply #10 on: May 25, 2013, 09:14:28 PM »
very glad to hear you guys are forward looking.

do you guys have any ideas on making ltc truly anonymous (as opposed to btc)? or is that apart of the security pillar in development.

Offline warren

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Re: Litecoin Core Development Fundraising
« Reply #11 on: May 25, 2013, 09:44:50 PM »
Please contact me privately if you donate 20 LTC or more.  Include a crypto signature signed by the sending address to prove it is you.

Post a reply in public if you want your name or business to be included in the Sponsor credits.
If you appreciate our work, please support the Litecoin Development Team with a small contribution.
Follow the latest dev news on Litecoin Project Google+
GPG: AEC1884398647C47413C1C3FB1179EB7347DC10D

Offline mubit

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Re: Litecoin Core Development Fundraising
« Reply #12 on: May 25, 2013, 09:48:38 PM »

Offline orros

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Re: Litecoin Core Development Fundraising
« Reply #13 on: May 26, 2013, 10:19:10 AM »
http://www.israel-business-plan.com   now donated LTC 5.18

Hope to happily donate more in the future.

Respect!
Keep up the good work. You WILL make history.





« Last Edit: May 26, 2013, 10:20:59 AM by orros »

Offline coinx

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Re: Litecoin Core Development Fundraising
« Reply #14 on: May 26, 2013, 10:52:54 AM »
It is about time that people start donating. I has been bugging me a while that there are hundreds/thousands of users who profited from Litecoin but only a handful donated.

Updated my donation. Keep up the good good.