I am just wondering what your opinion is?
Our society needs a cryptocoin and we shouldn't rely completely on Bitcoin. Litecoin "backups" Bitcoin's functionality, so it's a realy good idea.
Topic: Is litecoin a good idea? - page 2. (Read 3322 times)
Our society needs a cryptocoin and we shouldn't rely completely on Bitcoin. Litecoin "backups" Bitcoin's functionality, so it's a realy good idea.
What gives money value?
If you accept money against your work, it's because you're sure that someone else will, later, accept your money for his work. So the more people use a money, the more valuable this money is. That's why, throughout history, silver and especially gold have been the universal currencies, the most valuable ones. Even if there is platinum or other precious metal out there. The only reason we have local currencies is because local governments impose them.
OK what's my point? My point is, even if litecoin was a little better than bitcoin, it will fail as a cryptocurrency. Because the one feature that people will seek in a cryptocurrency is its intrinsic value, ie how many people use it.
And for those people who want to be the early adopters that will get rich with litecoin, don't worry, even with bitcoin you're still an early adopter
If you accept money against your work, it's because you're sure that someone else will, later, accept your money for his work. So the more people use a money, the more valuable this money is. That's why, throughout history, silver and especially gold have been the universal currencies, the most valuable ones. Even if there is platinum or other precious metal out there. The only reason we have local currencies is because local governments impose them.
OK what's my point? My point is, even if litecoin was a little better than bitcoin, it will fail as a cryptocurrency. Because the one feature that people will seek in a cryptocurrency is its intrinsic value, ie how many people use it.
And for those people who want to be the early adopters that will get rich with litecoin, don't worry, even with bitcoin you're still an early adopter
It better be because I'm mining them!
I think so. The differences between bitcoin are not adverse. Basically there is more of them and the transactions are faster. I think that over time it will help keep mining in equilibrium some how. I just wish there were more services/sites for litecoin, at least something equivalent to bitcoincharts.com.
I think so. The differences between bitcoin are not adverse. Basically there is more of them and the transactions are faster. I think that over time it will help keep mining in equilibrium some how. I just wish there were more services/sites for litecoin, at least something equivalent to bitcoincharts.com.
So ....more "services" to support speculation? LOL
It better be because I'm mining them!
I think so. The differences between bitcoin are not adverse. Basically there is more of them and the transactions are faster. I think that over time it will help keep mining in equilibrium some how. I just wish there were more services/sites for litecoin, at least something equivalent to bitcoincharts.com.
I think so. The differences between bitcoin are not adverse. Basically there is more of them and the transactions are faster. I think that over time it will help keep mining in equilibrium some how. I just wish there were more services/sites for litecoin, at least something equivalent to bitcoincharts.com.
I am just wondering what your opinion is?
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