"Creator" of Litecoin - is this some kind of joke?
Litecoin is a trivial fork of Bitcoin. Litecoin uses scrypt instead of SHA256 for proof-of-work and the total number of coins is 84 million instead of 21 million. That's it!
Charlie Lee is well aware of this. He created Litecoin to stop endless requests to change bitcoin to a faster confirmation time, even though the benefits are scarce.
So if I fork Bitcoin by changing the hashing algorithm and tweaking a parameter, am I suddenly a
"creator" too? Get real. This is an insult to Satoshi Nakamoto.
Comments
"Creator" of Litecoin - is this some kind of joke?
Litecoin is a trivial fork of Bitcoin. Litecoin uses scrypt instead of SHA256 for proof-of-work and the total number of coins is 84 million instead of 21 million. That's it!
https://github.com/litecoin-project?tab=members
He didn't even write the scrypt integration, IIRC Artforz (author of the first GPU mining code) did.
But hey, there sure were a bunch of lines of code changed to change the name! :P
Charlie Lee is well aware of this. He created Litecoin to stop endless requests to change bitcoin to a faster confirmation time, even though the benefits are scarce.
Coinbase touting their new hire as a "Creator" is a bit much. Nothing wrong with what Charlie has done, good luck to him.
How does it feel to be so embarrassingly ignorant all the time?
So if I fork Bitcoin by changing the hashing algorithm and tweaking a parameter, am I suddenly a "creator" too? Get real. This is an insult to Satoshi Nakamoto.
Sure. The problem will, of course, be to get anyone to assign any value to your fork.
What are some other differences?