Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched! - page 316. (Read 1467253 times)
I'm a little worried Litecoin.org is down.
There was a 10% value increase twice since that dump. Nice to see fast fluctuations that includes rate changes in both directions again. It seems that this dumps created by the temp miners who prefer bitcoin has a big rate influence. I'm just wondering what the next big rate in-/decrease will be. Another dump related to the first bitcoin block reward bisection? A big increase in bitcoin 'real life' acceptance? The bitcoin ASICs? The first litecoin block reward bisection? Or simply pure speculation?
It seems that LTC has recovered a bit. Good to know. 
It was about 0.004 for a month or two earlier this year; should settle around here ~0.005 now
http://www.ltc-charts.com/period-charts.php?period=ytd&resolution=day&pair=ltc-btc&market=btc-e
Maybe in the ASIC fiasco end of january we'll see the 2012 high tested
http://www.ltc-charts.com/period-charts.php?period=ytd&resolution=day&pair=ltc-btc&market=btc-e
Maybe in the ASIC fiasco end of january we'll see the 2012 high tested
Do you know why it's going down right now?
Dumping by the people who have been mining at low difficulties, followed by panic selling. Because of the recent difficulty coaster exploitation, a lot of pernicious miners entered the network hoping to make large profits mining only every other adjustment period. Their selling is depressing the price, but also decreasing the likelihood of them continuing this difficulty exploit in the future. What we're seeing is a normal price adjustment as far as I am concerned. In fact, I'm surprised it took this long.
Do you know why it's going down right now?
Great to see quicker rate changes than within the last weeks. Don't worry about the LTC value. It doesn't really matters if the rate goes up or down as long as there is a wave and the existence of the commodity makes at least some sort of 'sense'. BTC was the first good commodity in modern ages and LTC is the most valuable alternative right now. You should also know that there is a lot of money within the big exchanges to make money on the value fluctuation. The current value lost seems to be just another try from some big players in the cryptocurrency trading market to make some quick money out of it. If that's the case then the value will go up again sooner or later. Maybe a good time to invest in it?
it will go down slightly more then it will be a great time to invest in it
Great to see quicker rate changes than within the last weeks. Don't worry about the LTC value. It doesn't really matters if the rate goes up or down as long as there is a wave and the existence of the commodity makes at least some sort of 'sense'. BTC was the first good commodity in modern ages and LTC is the most valuable alternative right now. You should also know that there is a lot of money within the big exchanges to make money on the value fluctuation. The current value lost seems to be just another try from some big players in the cryptocurrency trading market to make some quick money out of it. If that's the case then the value will go up again sooner or later. Maybe a good time to invest in it?
So guys, LTC appears to be going downdowndown. :/
Hardly. There's just no news in Crypto world besides TRC and FRC that would be interesting. Everyone is still waiting for the ASIC apocalypse. Then things will shake out. Right now, it's the holidays and we are just waiting to see what comes next.
So guys, LTC appears to be going downdowndown. :/
not for too long
So guys, LTC appears to be going downdowndown. :/
obviously that software would have to be open source 
edit:
it's more like a simple automation script because one could do this kind of transferring manually if he wanted to. Making 100 transactions manually would just be a way too much. Transaction fees could be problem but at trading sites you're going to pay to the site.
edit:
it's more like a simple automation script because one could do this kind of transferring manually if he wanted to. Making 100 transactions manually would just be a way too much. Transaction fees could be problem but at trading sites you're going to pay to the site.
There still has to be trust in the operator. Open source isn't read only.
If it's open source you could trust that it will always do as it says, ie only ever put a small amount of coins in harms way with regard to cheating. If the other end modified the program to do something funky then you could still trust that the most you would lose is 1% or whatever it is configured for. It would be nice to prove that both ends were using a certain program / protocol to do the sending but I don't know how this can be done.
great idea
obviously that software would have to be open source
edit:
it's more like a simple automation script because one could do this kind of transferring manually if he wanted to. Making 100 transactions manually would just be a way too much. Transaction fees could be problem but at trading sites you're going to pay to the site.
edit:
it's more like a simple automation script because one could do this kind of transferring manually if he wanted to. Making 100 transactions manually would just be a way too much. Transaction fees could be problem but at trading sites you're going to pay to the site.
There still has to be trust in the operator. Open source isn't read only.
obviously that software would have to be open source
edit:
it's more like a simple automation script because one could do this kind of transferring manually if he wanted to. Making 100 transactions manually would just be a way too much. Transaction fees could be problem but at trading sites you're going to pay to the site.
edit:
it's more like a simple automation script because one could do this kind of transferring manually if he wanted to. Making 100 transactions manually would just be a way too much. Transaction fees could be problem but at trading sites you're going to pay to the site.
Let's say 2 persons wish to trade LTC and BTC without central authority or middle man. Also, they don't trust each other.
If this has already been talked somewhere then sorry for bringing it up here but otherwise here's my idea:
Create some functionality or a program that sends out BTC/LTC only after it has received a certain amount from a specified address. For example sending 1 BTC in hope of receiving 170 LTC is a too high risk. Instead the BTC guy sends only 0.01 BTC and waits for the other party to send back 1.7 LTC. The LTC guy uses the same automation and sends back 1.7 LTC every time it receives 0.01 BTC. They repeat the procedure until the value has been exchanged.
The automation would be configurable so that as the percentage of exchanged value increases the amount of each transaction also would increase to speed up the procedure. If at any point one party tries to cheat and stop sending the value back the other party only loses a microscopic amount.
What do you think? Would that system be useful? Or maybe in the future?
If this has already been talked somewhere then sorry for bringing it up here but otherwise here's my idea:
Create some functionality or a program that sends out BTC/LTC only after it has received a certain amount from a specified address. For example sending 1 BTC in hope of receiving 170 LTC is a too high risk. Instead the BTC guy sends only 0.01 BTC and waits for the other party to send back 1.7 LTC. The LTC guy uses the same automation and sends back 1.7 LTC every time it receives 0.01 BTC. They repeat the procedure until the value has been exchanged.
The automation would be configurable so that as the percentage of exchanged value increases the amount of each transaction also would increase to speed up the procedure. If at any point one party tries to cheat and stop sending the value back the other party only loses a microscopic amount.
What do you think? Would that system be useful? Or maybe in the future?
That might be useful, but it still relies on a middle man (or program in this case, but you still have to trust the programmer and operator).
Let's say 2 persons wish to trade LTC and BTC without central authority or middle man. Also, they don't trust each other.
If this has already been talked somewhere then sorry for bringing it up here but otherwise here's my idea:
Create some functionality or a program that sends out BTC/LTC only after it has received a certain amount from a specified address. For example sending 1 BTC in hope of receiving 170 LTC is a too high risk. Instead the BTC guy sends only 0.01 BTC and waits for the other party to send back 1.7 LTC. The LTC guy uses the same automation and sends back 1.7 LTC every time it receives 0.01 BTC. They repeat the procedure until the value has been exchanged.
The automation would be configurable so that as the percentage of exchanged value increases the amount of each transaction also would increase to speed up the procedure. If at any point one party tries to cheat and stop sending the value back the other party only loses a microscopic amount.
What do you think? Would that system be useful? Or maybe in the future?
If this has already been talked somewhere then sorry for bringing it up here but otherwise here's my idea:
Create some functionality or a program that sends out BTC/LTC only after it has received a certain amount from a specified address. For example sending 1 BTC in hope of receiving 170 LTC is a too high risk. Instead the BTC guy sends only 0.01 BTC and waits for the other party to send back 1.7 LTC. The LTC guy uses the same automation and sends back 1.7 LTC every time it receives 0.01 BTC. They repeat the procedure until the value has been exchanged.
The automation would be configurable so that as the percentage of exchanged value increases the amount of each transaction also would increase to speed up the procedure. If at any point one party tries to cheat and stop sending the value back the other party only loses a microscopic amount.
What do you think? Would that system be useful? Or maybe in the future?
LitecoinTalk is back up @ please read - http://forum.litecoin.net/index.php/topic,868.0.html
Sorry, Having some problems.. Status will come soon..
Anyone any ideas whats happened with LTC forums?
Looks down
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