There is another hot topic - multisig transactions for better wallet security.
What if litecoin implements BIP17 proposal? The bitcoin crowd seems to be slowly converging on BIP16.
There is a heated debate over here:
https://bt.irlbtc.com/view/61125.0This might bring some life and interest back into litecoin and it will truly compliment bitcoin by selecting a competing solution.
I think I have posted about it here a few days ago, but nobody seemed to pay attention.
Coblee, what do you think?
That's an interesting idea. I will look into it. Will need to weight the benefit of this versus the cost of having to maintain a separate codebase than Bitcoin. Unfortunately, there aren't that many people working on Litecoin (only me right now), so if BIP17 introduces a security hole, that might be disastrous. So I have to be careful there.
In the near future, I will merge in the latest bitcoin code and build a new Litecoin client. This will turn wallet encryption back on. Stay tuned.
It seems that BIP17 has a problem when support goes below 50% all new multisig transactions become easily redeemable by everyone.
Since litecoin hashpower fluctuates between 15Mhs and 30Mhs this might be a serious problem.
So I agree that we should be careful here and not rush things, maybe wait for a better solution, like BIP22 by Mike Caldwell (Casascius).
https://bt.irlbtc.com/view/62181.0