http://www.cryptocoincharts.info/period-charts.php?period=6-months&resolution=day&pair=ltc-btc&market=btc-e
Expect all your litecoin wealth to be destroyed, because this trend will continue down to 0.
Very good arguments here:
http://www.youtube.com/watch?v=1Z93QGE4aFA
Topic: Litecoin demonstrates how ridiculous Bitcoin is - page 3. (Read 4805 times)
Litecoin isn't a "scam" and the fact that (an unknown) someone claims it so doesn't have any relevance on Bitcoin.
Litecoin simply lacks innovation and has no purpose. It is too much a copy of Bitcoin to every grow to anything rivaling its big brother.
Litecoin simply lacks innovation and has no purpose. It is too much a copy of Bitcoin to every grow to anything rivaling its big brother.
It has no purpose aside from being internet money, which is exactly the same purpose as bitcoin has.
Litecoin has value because me and a lot of other people have them and are not spending them, and they are difficult to generate.
I also trusted litecoin and have been keeping since many months ago. But the price keep dropping make me feel really bad...
Litecoin isn't a "scam" and the fact that (an unknown) someone claims it so doesn't have any relevance on Bitcoin.
Litecoin simply lacks innovation and has no purpose. It is too much a copy of Bitcoin to every grow to anything rivaling its big brother.
Litecoin simply lacks innovation and has no purpose. It is too much a copy of Bitcoin to every grow to anything rivaling its big brother.
It has no purpose aside from being internet money, which is exactly the same purpose as bitcoin has.
Litecoin has value because me and a lot of other people have them and are not spending them, and they are difficult to generate.
There is no "mess up" that can't be fixed baring a break in RIPEMD-160, SHA-256 and/or ECDSA. If that happens LiteCoin provides no protection because it uses the exact same primitives. The fact that it uses a different algorithm in mining will provide no protection from a cryptographic break.
That last mess up that fork had nothing to do with encryption. Ltc did not have that code and could not break in that way.
For 24 hours you could not use btc but i was able to use crypto coins with ltc.
Having a backup is just smart.
You are referring to the the db lock limit problem of mid-March which created a fork in Bitcoin that lasted only a few hours, not 24. At the time I was worried, like a lot of people were. Now, with hindsight, I think the fork was a major boost for Bitcoin.
a) It proved to a lot of non-IT skeptics that Bitcoin is absolutely a legitimate, complex, technical enterprise. It is software reliably working for years at a time. This is the opposite of an empty ponzi or pyramid scheme. How many companies and governments have technical issues with software? All of them at one time or another.
b) It proved that the major people involved in Bitcoin could work fast to restore normality. It means that any future problem could also be addressed, which actually happens for minor issues occasionally anyway.
The price was at $47 when the fork happened, but within days shot up and we have not seen that level again.
Litecoin is riding BTC's coat-tails, and I agree it is here for the long-run, might get some general acceptance, but also consider that it offers nothing much different.
Yeah. I pretty much agree. But that does noy mean btc cant break for good and ltc is what some will use.
I hold some ltc cuz i thought btc might break.
Ltc was 5 cents then and over 2 dollars now. I must not be the only one.
Im not going to say what its value should be. Only its the best back up we have that i know of. If you know a better one please let me know. Btw paypal and ripple are not correct answers.
Check my sig, you'll find one right there.
Hey you are not in jail! Hows it going?
If backup is the main argument, then that does not make LTC much better either. We can easily use XPM, FTC, PPC, WDC, NVC etc etc
All the crypto currency are the same to me, just that Bitcoin is first just like Window...
Im not going to say what its value should be. Only its the best back up we have that i know of. If you know a better one please let me know. Btw paypal and ripple are not correct answers.
Check my sig, you'll find one right there.
There is no "mess up" that can't be fixed baring a break in RIPEMD-160, SHA-256 and/or ECDSA. If that happens LiteCoin provides no protection because it uses the exact same primitives. The fact that it uses a different algorithm in mining will provide no protection from a cryptographic break.
That last mess up that fork had nothing to do with encryption. Ltc did not have that code and could not break in that way.
For 24 hours you could not use btc but i was able to use crypto coins with ltc.
Having a backup is just smart.
You are referring to the the db lock limit problem of mid-March which created a fork in Bitcoin that lasted only a few hours, not 24. At the time I was worried, like a lot of people were. Now, with hindsight, I think the fork was a major boost for Bitcoin.
a) It proved to a lot of non-IT skeptics that Bitcoin is absolutely a legitimate, complex, technical enterprise. It is software reliably working for years at a time. This is the opposite of an empty ponzi or pyramid scheme. How many companies and governments have technical issues with software? All of them at one time or another.
b) It proved that the major people involved in Bitcoin could work fast to restore normality. It means that any future problem could also be addressed, which actually happens for minor issues occasionally anyway.
The price was at $47 when the fork happened, but within days shot up and we have not seen that level again.
Litecoin is riding BTC's coat-tails, and I agree it is here for the long-run, might get some general acceptance, but also consider that it offers nothing much different.
Ah yes, that "currency" that is in a month long downtrend because it's coming down from being pumped since MtGox still hasn't implemented it. Truly not a scamcoin. 
Im not going to say what its value should be. Only its the best back up we have that i know of. If you know a better one please let me know. Btw paypal and ripple are not correct answers.
Also you make it sound like you dont think btc is a currency or that it is very different from btc.
Odd.
Ah yes, that "currency" that is in a month long downtrend because it's coming down from being pumped since MtGox still hasn't implemented it. Truly not a scamcoin.
There is no "mess up" that can't be fixed baring a break in RIPEMD-160, SHA-256 and/or ECDSA. If that happens LiteCoin provides no protection because it uses the exact same primitives. The fact that it uses a different algorithm in mining will provide no protection from a cryptographic break.
I think what this analysis fails to recognize is that could mess up in a way that was not fundamentally destructive to bitcoin but the markets could incorrectly PERCEIVE that it was and lead to a massive crash.
Yeah that has only happened two dozen or so times. Markets crashing is simply wealth changing hands. You either buy, hold, or sell. For every loser there is a winner.
Btc has not broken for more than a day. If that last fork took weeks to fix people would have had to move to ltc or go back to paypal.
Can you at least read before responding? The quoted portion above is the post being responded to. See my response was directed at the post I quoted. I bolded the correlation if it helps.
I did read it and your bolding that text does not make what i said wrong.
Im on a phone and its a hit hard to deal with this formating. I quoted the wrong quote.
Edit just assume i quoted the right part of your post and i can try to edit it later.
Ltc and btc can be used for more than just trade for goods...
The ltc was used as a down payment for a service from someone i was working with on a project. We would have done it in btc but btc was forked up...
There is no "mess up" that can't be fixed baring a break in RIPEMD-160, SHA-256 and/or ECDSA. If that happens LiteCoin provides no protection because it uses the exact same primitives. The fact that it uses a different algorithm in mining will provide no protection from a cryptographic break.
I think what this analysis fails to recognize is that could mess up in a way that was not fundamentally destructive to bitcoin but the markets could incorrectly PERCEIVE that it was and lead to a massive crash.
Yeah that has only happened two dozen or so times. Markets crashing is simply wealth changing hands. You either buy, hold, or sell. For every loser there is a winner.
Btc has not broken for more than a day. If that last fork took weeks to fix people would have had to move to ltc or go back to paypal.
Can you at least read before responding? The quoted portion above is the post being responded to. See my response was directed at the post I quoted. I bolded the correlation if it helps.
There is no "mess up" that can't be fixed baring a break in RIPEMD-160, SHA-256 and/or ECDSA. If that happens LiteCoin provides no protection because it uses the exact same primitives. The fact that it uses a different algorithm in mining will provide no protection from a cryptographic break.
I think what this analysis fails to recognize is that could mess up in a way that was not fundamentally destructive to bitcoin but the markets could incorrectly PERCEIVE that it was and lead to a massive crash.
Yeah that has only happened two dozen or so times. Markets crashing is simply wealth changing hands. You either buy, hold, or sell. For every loser there is a winner.
Btc has not broken for more than a day. If that last fork took weeks to fix people would have had to move to ltc or go back to paypal.
There is no "mess up" that can't be fixed baring a break in RIPEMD-160, SHA-256 and/or ECDSA. If that happens LiteCoin provides no protection because it uses the exact same primitives. The fact that it uses a different algorithm in mining will provide no protection from a cryptographic break.
That last mess up that fork had nothing to do with encryption. Ltc did not have that code and could not break in that way.
I never said it did but like "last time" any issue can be fixed baring a catastrophic break and if that happens since Litecoin is merely a shallow copy it will be equally destroyed. Of course pointing out that Litecoin is so under developed that it was using an antiquated db system as an advantage is somewhat hilarious.
Quote
For 24 hours you could not use btc but i was able to use crypto coins with ltc.
Which amounted to absolutely nothing. What merchant did you spend those LTC at? Quote
Having a backup is just smart.
Agreed but Litecoin isn't that backup. It is too similar, it provides no novel solutions to Bitcoin issues or weaknesses. If Bitcoin dies Litecoin is probably already circling the drain.
Ltc is not just a copy. Ltc has its own dev team and is going in a different direction.
I used ltc when btc was down but not to a merchant.
Ltc is the best backup we have. If you find a better one ill sell some ltc and get that.
I just love freemarket crypto not a ltc fanboy.
There is no "mess up" that can't be fixed baring a break in RIPEMD-160, SHA-256 and/or ECDSA. If that happens LiteCoin provides no protection because it uses the exact same primitives. The fact that it uses a different algorithm in mining will provide no protection from a cryptographic break.
I think what this analysis fails to recognize is that could mess up in a way that was not fundamentally destructive to bitcoin but the markets could incorrectly PERCEIVE that it was and lead to a massive crash.
Yeah that has only happened two dozen or so times. Markets crashing is simply wealth changing hands. You either buy, hold, or sell. For every loser there is a winner.
There is no "mess up" that can't be fixed baring a break in RIPEMD-160, SHA-256 and/or ECDSA. If that happens LiteCoin provides no protection because it uses the exact same primitives. The fact that it uses a different algorithm in mining will provide no protection from a cryptographic break.
I think what this analysis fails to recognize is that could mess up in a way that was not fundamentally destructive to bitcoin but the markets could incorrectly PERCEIVE that it was and lead to a massive crash.
Litecoin isn't a "scam" and the fact that someone claims it so doesn't have any relevance on Bitcoin.
Litecoin simply lacks innovation and has no purpose. It is too much a copy of Bitcoin to every grow to anything rivaling its big brother.
If one day they mess up again and we can't fix it, LTC is all we have.Litecoin simply lacks innovation and has no purpose. It is too much a copy of Bitcoin to every grow to anything rivaling its big brother.
that is a really good point. if i had thought of that myself maybe i would have bought some on this recent crash/dip/thing.
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