2013-08-30 - Ex Googler Gives the World a Better Bitcoin (-> Litecoin)

Bakemono

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Quote from: mccorvic on August 31, 2013, 12:22:13 PM

Quote from: LiteCoinGuy on August 31, 2013, 05:45:00 AM

Quote from: kjlimo on August 30, 2013, 02:02:44 PM

His name on here is Coblee, right?

yes

maybe its not better but a good alternative and backup for bitcoin.

The best backup to bitcoin is making bitcoin better. Altcoins just dilute and mock the idea of cryptocurrency. Sorry.

If bitcoin was to be diluted and mocked so easily then it wouldn't be worth much right?

LiteCoinGuy

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In Satoshi I Trust

Quote from: Tirapon on September 02, 2013, 01:45:55 AM

I like Litecoin. And I actually think its worth having some alt-coins as a hedge. Any change to the Bitcoin protocol can be implemented as long as the majority of users go along with it. As the user base increases, the percentage of users who actually take the time to understand how Bitcoin works and how any changes will affect them, will decrease. What happens in a situation where a change is implemented which you don't agree with, but people go along with it anyway because they don't care enough to understand why they should reject it? In this case it would be nice to have an alternative block chain with an already established user base to switch over to.

This is just an instinctive feeling - feel free to point out any obvious flaws in my argument. I certainly wouldn't say Litecoin is 'better', but I think there's room for more than one cryptocurrency. The value is determined by the users and developers behind the coin. So rather than 'diluting' value away from Bitcoin, I tend to think of it as all coins competing for a finite amount of 'value' (total potential user base worldwide)

+1

saif313

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Activity: 84

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Quote from: mccorvic on August 31, 2013, 12:22:13 PM

Quote from: LiteCoinGuy on August 31, 2013, 05:45:00 AM

Quote from: kjlimo on August 30, 2013, 02:02:44 PM

His name on here is Coblee, right?

yes

maybe its not better but a good alternative and backup for bitcoin.

The best backup to bitcoin is making bitcoin better. Altcoins just dilute and mock the idea of cryptocurrency. Sorry.

yes its need to bitcoin is making better bitcoin

Tirapon

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I like Litecoin. And I actually think its worth having some alt-coins as a hedge. Any change to the Bitcoin protocol can be implemented as long as the majority of users go along with it. As the user base increases, the percentage of users who actually take the time to understand how Bitcoin works and how any changes will affect them, will decrease. What happens in a situation where a change is implemented which you don't agree with, but people go along with it anyway because they don't care enough to understand why they should reject it? In this case it would be nice to have an alternative block chain with an already established user base to switch over to.

This is just an instinctive feeling - feel free to point out any obvious flaws in my argument. I certainly wouldn't say Litecoin is 'better', but I think there's room for more than one cryptocurrency. The value is determined by the users and developers behind the coin. So rather than 'diluting' value away from Bitcoin, I tend to think of it as all coins competing for a finite amount of 'value' (total potential user base worldwide)

mccorvic

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Activity: 518

Merit: 500

Quote from: LiteCoinGuy on August 31, 2013, 05:45:00 AM

Quote from: kjlimo on August 30, 2013, 02:02:44 PM

His name on here is Coblee, right?

yes

maybe its not better but a good alternative and backup for bitcoin.

The best backup to bitcoin is making bitcoin better. Altcoins just dilute and mock the idea of cryptocurrency. Sorry.

LiteCoinGuy

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Activity: 1148

Merit: 1014

In Satoshi I Trust

Quote from: kjlimo on August 30, 2013, 02:02:44 PM

His name on here is Coblee, right?

yes

maybe its not better but a good alternative and backup for bitcoin.

dave111223

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Quote from: TraderTimm on August 30, 2013, 02:45:53 PM

"Rewrote" bitcoin?

Hey guys, I just downloaded some source from GitHub, and I changed a few variables - I rewrote it! I'm so awesome.

I'm going to download a few e-books and rewrite them too, I'm so damned productive.

He changed the logo too!

TraderTimm

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Activity: 2408

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"Rewrote" bitcoin?

Hey guys, I just downloaded some source from GitHub, and I changed a few variables - I rewrote it! I'm so awesome.

I'm going to download a few e-books and rewrite them too, I'm so damned productive.

paraipan

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Firstbits: 1pirata

litecoin "better", hehe, they're joking right?

kjlimo

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His name on here is Coblee, right?

LiteCoinGuy

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In Satoshi I Trust

Ex-Googler Gives the World a Better Bitcoin

Charles Lee was a software engineer at Google, spending his days hacking networking code for the search giant’s new-age operating system, ChromeOS. But in his spare time, he rewrote Bitcoin, the world’s most popular digital currency.

Early one October morning two years ago, Lee unleashed his project, Litecoin, onto an online universe that was still coming to terms with its more famous progenitor, and though Litecoin is still firmly rooted in the Bitcoin code base, it has found a place in the world, showing just how strong the appetite is for a new breed money.

...

http://www.wired.com/wiredenterprise/2013/08/litecoin/

Topic: 2013-08-30 - Ex Googler Gives the World a Better Bitcoin (-> Litecoin) (Read 1267 times)