guys, could somebody tell me something about BC used instead of LTC as favorite alt?
What does it mean?
thanks
What does it mean?
thanks
I'm assuming you are looking for advantages to using BC as opposed to LTC? Especially as a base pair in exchange trades? (At least that's how I'm translating your question... hopefully it's close).
There are numerous advantages over LTC, but definitely the speed of transactions and the security this provides are paramount to improving exchange trades. It would be far better than BTC for this as well - as traders like myself have to leave appreciable balances of BTC on exchanges in order to have it available when an opportunity presents itself. In many cases a big dump occurs and you have 2-3 minutes maximum in order to fill buys before the price corrects.
With BTC you might have to wait over an hour before it's available to you... and by that time the opportunity is long gone. So we have to leave the BTC there... just in case. With LTC this is better, but still not what I would call 'fast' - definitely not fast enough to keep it offline until needed.
With BC, most of the time when I make a transfer from my wallet to the exchanges... it's pending within seconds and confirmed within a minute or two at the most. So it's at least theoretically possible to keep balances offline (or at least off-exchange) and simply transfer in the amount you wish to trade with just-in-time.
Also there is less dilution of value as the PoW phase is ended, so holding a balance is not as much of an uncertain proposition as it is with LTC. Not to mention that I personally consider BC to have much more than half the development and services infrastructure and support of LTC despite being around for less than 25% of the time.
There are many more advantages... but those are my 'biggies'.
I don't believe there's a fee. Should it be the exchange to vet the code or the investor's problem? What if an exchange chooses not to accept a coin because he has personal issues with a developer? Possibly another solution is a "Warning - This coin was found... but trade at own risk."
Lot of tough questions on how this should be handled.
Lot of tough questions on how this should be handled.
Yes, there is a fee... OK, it's not billed as such, but they host "Sponsored Coins" all the time (i.e. pay-to-list). About the only thing worse (IMO only of course) is voting for coins.
I thought Sponsored Coins were already listed. Isn't that just paying for more exposure?
Well, it's hard to be sure as there aren't any concrete rules anywhere discussing this. The closest thing to a statement from them on the topic would be:
Quote
9. Currencies
Currencies are listed at the discretion of Bittrex and can be removed at any time. If a currency is removed, you will have 14 days to withdrawal your funds if the blockchain allows for it. In no event shall we be liable for any loss, liability or cost whatsoever arising from any authorized or unauthorized transaction.
10. Markets
Markets are opened and closed at the discretion of Bittrex. If a market is closed, all funds on all open orders are credited back to your account balances. In no event shall we be liable for any loss, liability or cost whatsoever arising from trades executed on any market. All executed trades on any market are final. There will be no refunds or cancelling of trades once they have been executed.
Currencies are listed at the discretion of Bittrex and can be removed at any time. If a currency is removed, you will have 14 days to withdrawal your funds if the blockchain allows for it. In no event shall we be liable for any loss, liability or cost whatsoever arising from any authorized or unauthorized transaction.
10. Markets
Markets are opened and closed at the discretion of Bittrex. If a market is closed, all funds on all open orders are credited back to your account balances. In no event shall we be liable for any loss, liability or cost whatsoever arising from trades executed on any market. All executed trades on any market are final. There will be no refunds or cancelling of trades once they have been executed.
So in other words, perhaps they simply add every coin that contacts them at all... but allow certain coins to get top billing for a fee (which is undisclosed as near as I can find). Or perhaps they can be 'convinced' behind-the-scenes for some BTC to add just about anything. I'm not saying this is the case - I'm just saying that transparency isn't really the strong suit over there... and neither is exclusivity (although Mintpal isn't good on that front either). Just my take on things... doesn't mean I don't think it won't be a good thing for BC - but it's definitely not going to be a significant value-add for the coin IMO.
