All LTC does is undermine BTC, slightly.
That's like saying Mars missions are undermining earth, slightly Of course it will take some resource away, but it increases diversity and improve human's probability of surviving.
Topic: Litecoin (Read 2696 times)
All LTC does is undermine BTC, slightly.
But LTC has steadily decreased in value over the past few weeks. If you bought it for BTC you have lost (especially as BTC has appreciated compared to fiat).I prefer to have my BTC invested in something, earning me money!!
I really don't care that much. High reward is always associated with high risk. (Not BCS&T though 
) 
But LTC has steadily decreased in value over the past few weeks. If you bought it for BTC you have lost (especially as BTC has appreciated compared to fiat).I prefer to have my BTC invested in something, earning me money!!
The thing is, its the same people interested in both. You will find very few people who shun BTC and love LTC. It will be the same crowd, just working out which offers the best mining opportunities at any given time.
And that's when LTC's speculative value comes into play: volatility and cheap price. As a BTC hoarder, I don't like my odds in playing HYIPs, bets, gambling, loan, etc, I don't like keeping all my btc on a USB sitting in my safe either. I consider LTC as my own BCST
Because it's so cheap (1:100 after adjustment to
I hope LTC does not fail but it is intrinsically linked to BTC. If BTC prospers, LTC stands a chance. If BTC fails, so will LTC.
I'm not sure they're this tightly related, for one thing, user community and market's reaction to post-GPU mining can be a big differentiating factor.The thing is, its the same people interested in both. You will find very few people who shun BTC and love LTC. It will be the same crowd, just working out which offers the best mining opportunities at any given time.
A competitor to bitcoin needs to be fundamentally different... like instead of dedicating computer power to a block chain, dedicating it to gene folding (or something altruistic).
There has been plenty discussion on that, but haven't seen a reasonably good solution. 
A competitor to bitcoin needs to be fundamentally different... like instead of dedicating computer power to a block chain, dedicating it to gene folding (or something altruistic).
I hope LTC does not fail but it is intrinsically linked to BTC. If BTC prospers, LTC stands a chance. If BTC fails, so will LTC.
I'm not sure they're this tightly related, for one thing, user community and market's reaction to post-GPU mining can be a big differentiating factor.
I hope LTC does not fail but it is intrinsically linked to BTC. If BTC prospers, LTC stands a chance. If BTC fails, so will LTC.
I havent seen any recent progress in the adaptation of LTC into online stores (like btc has been). First you need to find shop keeps willing to take it as payment, next up is the integration into shopping cart systems and such (which nobody does for free), so then lies the hunt for a coder willing to take the job.
All which is nonexistent at this current moment in time for LTC.
actually people have been working on these things and there are businesses accepting LTCAll which is nonexistent at this current moment in time for LTC.
Bitcoin was started 2009
Litecoin was announced here https://bitcointalksearch.org/topic/ann-litecoin-a-lite-version-of-bitcoin-launched-47417 on October 09, 2011, - I think Bitcoin had a bit of a head start
compared to NMC which is not a currency and I see no future for
If not for merged mining keeping NMC alive I don't think it would be a part of our vocabulary any more.
I havent seen any recent progress in the adaptation of LTC into online stores (like btc has been). First you need to find shop keeps willing to take it as payment, next up is the integration into shopping cart systems and such (which nobody does for free), so then lies the hunt for a coder willing to take the job.
All which is nonexistent at this current moment in time for LTC.
All which is nonexistent at this current moment in time for LTC.
I think there is still a substantial amount of interest in LTC. It may have a future as long as people continue creating a market for it.
Both litecoins & namecoins have had their time in the spotlite already, although namecoins i could see a future with even with its near worthless value.
I would disagree Litecoin had a surge in interest a while ago and maintains a good network hashrate, many gpu miners are hoping it will be a use for gpus when asic make them useless for btc mining.
on the other hand namecoin was designed as a dns system using the same proof of work as Bitcoin, not as a currency.Other alternative DNS systems such as CJDNS seem to be more viable for that role currently.
Most namecoin are just sold onto the market as a bit of "extra income" for miners which causes a continual drop in value.
Both litecoins & namecoins have had their time in the spotlite already, although namecoins i could see a future with even with its near worthless value.
if you think there can be more than one crypto coins coexist, litecoin still looks most promising among other alternatives.
And what about namecoins? I think they could be more promising than litecoins.
I feel that at this moment only one crypto-currency will arise.. but thats just speculation.
Litecoin has already had its time, its gone with the wind just like i0.
if you think there can be more than one crypto coins coexist, litecoin still looks most promising among other alternatives.
if you believe think there will be only one, stay with bitcoin.
Litecoin has already had its time, its gone with the wind just like i0.
I feel that at this moment only one crypto-currency will arise.. but thats just speculation.
You can still see a stable return on LTC mining with GPU's. GPU mining (for BTC) is becoming more unprofitable with recent difficulty increases, especially if you live somewhere with expensive electricity.
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