Usually, folks don't bind the server to a specific IP address. I would drop the LocalAddr option in your server. If it's not specified, the server will listen on all of the interfaces on the machine. (Including the lo localhost interface you are listening on now).

If you really do want to listen on a specific IP address, make sure it's one that's valid and already assigned to one the host's interfaces.

If this is a unix box, "netstat -ni" should give you a list of valid addresses for the host.