Pages:
Author

Topic: 2013-06-13 San Francisco Chronicle - This Is Litecoin, The 'Silver' to Bitcoin's - page 2. (Read 1845 times)

legendary
Activity: 1400
Merit: 1005

This was originally from Business Insider:
 - http://www.businessinsider.com/what-is-litecoin-2013-6

Incidentally, I find it irresponsible at best to write about Litecoin to a general audience without discussing proof-of-work, the risk of 51% attack and the difference between Bitcoin and Litecoin in this regard.
Agreed.  I'm not a big fan of Litecoin myself, but I do think it could stick around for a while just from momentum.
legendary
Activity: 2506
Merit: 1010

This was originally from Business Insider:
 - http://www.businessinsider.com/what-is-litecoin-2013-6

Incidentally, I find it irresponsible at best to write about Litecoin to a general audience without discussing proof-of-work, the risk of 51% attack and the difference between Bitcoin and Litecoin in this regard.
sr. member
Activity: 420
Merit: 250
Litecoin will pick up too sooner or later. As long as Btc grows, Ltc will grow with it.
legendary
Activity: 1400
Merit: 1005
Hadn't seen an article on Litecoins in the mainstream news before...

Quote
Bitcoin isn't the only cryptocurrency out there.

An alternative called Litecoin is starting to gain traction.

Bitcoin and Litecoin are incredibly similar. Both are decentralized electronic currency, meaning that they aren't linked in any way to big banks. They're independent. And where the money supply of US dollars is always fluctuating, both Bitcoin and Litecoin will reach eventually reach a gross sum and maintain a finite, unchanging supply.

Circulation of Bitcoins will be capped at 21 million, Litecoin at 84 million.

Think of Litecoin as the silver to Bitcoin's gold. Just like in the physical silver and gold markets, Litecoin is trading at less than Bitcoin, but there's more of it.

...

http://www.sfgate.com/technology/businessinsider/article/This-Is-Litecoin-The-Silver-to-Bitcoin-s-Gold-4598910.php
Pages:
Jump to: