Topic: Increase litecoin value - page 2. (Read 7770 times)

This thread started so well....and now it is soiled....

Anyway, I agree that we need to get businesses to start excepting cryptocurrencies for any of this to matter.  Think of the following, and if there are answers to these questions, how user friendly are they?  People DO NOT CARE how something works, they just want it to work better than what they had.

- Do we have a lot of people blogging/facebook/twitter-ing/making websites for bitcoin and litecoin promotion? Not including circle jerking amongst other bitcoin/litecoin investors.
- Has anyone been thinking about a realistic system to use smartphones for point of sale purchases at businesses?  Paypal has.
- Why is MtGox (previously hacked) the titan of Bitcoin exchange right now?  There should be dozens of these sites with hardly any differences, and a MUCH easier method to exchange USD for BTC/LTC.  How the hell do we easily translate USD to BTC?  If it isn't as easy as Paypal it isn't going to work on the average person.
- Are there any easy to use copy/paste scripts for web companies to accept cryptocurrencies?
- Look up a shop on google.  Are they excepting bitcoins?  If not, educate them.  

If you want to get banned, go post on the Soiledcoin "forums". Here, the mods are more tolerant of those who have a radically different world view than their own. They prefer that we ridicule them for being less awesome than "a monkey wearing a tuxedo made out of bacon riding a cyborg unicorn with a lightsaber for the horn on the tip of a space shuttle closing in on Mars, while engulfed in flames".

Why does ShitCoin not get banned for trolling?

What is ridiculous about it?

Can we just leave one thread untainted by this ridiculous SolidCoin feud? Seriously.

Yeah, because who would want to mine SoiledCoins right? Even their own pool won't mine SoiledCoins.

Litecoin DID look like a viable alt currency, and had been fairing quite well before GPU mining took over. I wasn't around for the transition from CPU to GPU with Bitcoin, so Litecoin may still hold on. Who knows.

+1

CoinHunter, please stop with your lies. I never scammed anyone and never GPU mined Litecoin. You have no proof because it never happened. Please stop spreading your lies.

im buying 50 btc more soon

Ask Mtgox how much it costs to put LTC on their exchange, and then give them that quantity of money.

^ Especially since that translates to about $100 USD. Now back on topic. Thinking about starting a Wikia bot that spits out Litecoin every time a significant edit is made as part as the Open Syllabus thing I mentioned back here. (https://bitcointalksearch.org/topic/open-syllabus-bountyfund-70036) Gonna ask around to see the feasibility of it.

EDIT: (https://bitcointalksearch.org/topic/wikibot-that-rewards-edits-70067)

Every time you make a joke I crack up! Keep it up mate, you always make my day.


I hold 20,000 LTC   Wish I had more really

Might want to mention how the founder scammed people by GPU mining whilst telling everyone it was a CPU only coin. Just so they are on a level playing field as everyone else.

Has anyone in this thread actually approached a business to get them to accept a cryptocurrency?

Business owners don't care about the differences amongst the chains.  They barely understand bitcoin.

I hope that you continue to differentiate with all of these alt chains and their advantages, but they won't be seen for many years unless businesses actually start accepting the coins.

Right now it seems like you're waiting for bitcoin to do all of the leg work in establishing the market and then swoop in with a better coin.

We'll see what happens, but for now I'm back to getting businesses to accept bitcoin.

I suggest you all do the same (whether it's litecoin or bitcoin) to get businesses (brick & mortar & websites) to start accepting bitcoin.

Next time you're in a store, ask if they accept bitcoin or litecoin.  See if they react.  If there's a manager near by, then that comment may be well received.

The biggest reason businesses aren't accepting bitcoin or litecoin right now is that their customers aren't asking for it to be accepted.  Let's all work to change that!

Uh, for sure? Last time Bitcoin was a third of that, it collapsed under it's own weight and has been eking around the $2-5 mark. $100 seems lofty at best, but what do I know?

Gonna play Devil here and bring up if Bitcoin is decided to subdivide it's wealth among more coins where .01 BTC is the new "Bitcoin" denomination when it reaches a ludicrous amount, Litecoin is up a creek if it wants to be tender as opposed to the speculation currency, especially if something like Gox bucks becomes the new form of tender. What to do if that happens?

There may come a day when bitcoins breach the $100 mark, and then something like a BigMac will cost B 0.05, which is kind of awkward. I'm sure there'll be a decimal shift or something to compensate, but I also think LTC will become the Silver to Bitoins Gold.

I'm imagining that vendors would take bitcoin and litecoin rather than one or the other. The important question is:  What would be the reasons (for the merchant or for the customer to use either one of them) to choose one over the other when it comes time to make a purchase?

Perhaps transactions below a certain value would be done with the lower value litecoins. Bitcoin may be reserved for higher value transactions. Maybe the fees might start to differentiate them. One might do fees based on number of transactions (set fee per txn) and one might do fees based on a percentage of the amount transacted. We have to start thinking about fees now and rather than a one size fits all that isn't good for every situation, we may find that the market would prefer two different strategies and make transactions based on which is the best for the job. Maybe litecoin could be used for quick confirmations of bitcoin transactions. Kind of like using another crypto currency as a transaction processor. It could maybe be used to add more utility to bitcoin without being forced to change bitcoin's protocol.

A slightly different topic and one that I've mentioned multiple times is that I would love to see litecoin become the wild, bleeding edge coin, and bitcoin stay as a staidly, reliable, rarely changing coin. I think it would be interesting to see more experiments and more untested ideas.

Maybe we can even steal the word "bitecoin" from the few who have used it. If a vendor accepts bitecoin, that means they accept bitcoin AND litecoin.

+1

I think that if a secondary currency (e.g. Litecoin) is to compliment a primary currency (e.g. bitcoin), it is better if they are fundamentally similar with only a few individually marked distinctions.  Litecoin's are:

-Scrypt
-Faster confirmations
-More coins

Each of these offers multiple benefits that Bitcoin does not.  Other than these distinctions, Litecoin and Bitcoin are basically the same.  If the fundamentals of a primary currency make it as great as it is, then it seems to follow that a secondary currency should use the same fundamentals to also make itself great.

I thought the first LTC block halving was at block # 840,000?