Litecoin investors should move to NXT, NXT at least has some innovation.
True, I also agree.
Topic: Litecoin is officially dead - page 156. (Read 290699 times)
True, I also agree.
this things can change very quickly!
Litecoin investors should move to NXT, NXT at least has some innovation.
I think it still has value, but it won't be long. Litecoin is just fading away slowly as is dogecoin. 
I own both.
I own both.
As far as I know 5 seconds confirmation time is only possible with Ripple, which is not decentralized, but distributed. Or was it 15 sec, can't remember.
NXT doesn't do 5 sec. NXT is doing ~800 blocks per 24 hours which works out to 1 block each 1:50 min, and is supposed to do 1 block per minute when Transparent Forging is enabled.
NXT doesn't do 5 sec. NXT is doing ~800 blocks per 24 hours which works out to 1 block each 1:50 min, and is supposed to do 1 block per minute when Transparent Forging is enabled.
With PoS coins, blocktimes don't matter nearly as much. 5 seconds is around the time it takes for a NXT confirmation. Litecoin is just old, dusty, and outdated. The only reason it's even at $9, is because of the old money invested in it. When those people decide to take a profit, or loss, and sell, Litecoin will drop like a stone to $1 and lower.
Nobody in their right mind needs 5 second confirmations. 5 seconds confirmations are a good thing, makes the currency more realistic and comparable to credit cards.
how long should NXT run before everyone can admit it's as secure as Bitcoin? This is a direct question to all of you.
Looks like nobody is able to answer it, haha. Well, that's just being a pussy. You are a pussy if you can't answer this question and then stand by your own word when the time has passed and NXT is still here.
I agree that Litecoin hardly has anything to offer anymore, or if it ever had.
- 2.5 minutes block time isn't fast enough to make a micropayment alternative to bitcoin
- Basically Litecoin is like bitcoin with different kind of algorithm, which only the 'nerds' care about, not 'normal' people we want to use them.
I was lucky to be able to buy Litecoin back in the day for 0.01 btc each, and sell out at 0.028 when other alternative currencies started to pour in. That's when I realized that Litecoin, in my opinion, will be dead in a little while, as some other alternative currency that offers something truly new to bitcoin, will take its place.
- 2.5 minutes block time isn't fast enough to make a micropayment alternative to bitcoin
- Basically Litecoin is like bitcoin with different kind of algorithm, which only the 'nerds' care about, not 'normal' people we want to use them.
I was lucky to be able to buy Litecoin back in the day for 0.01 btc each, and sell out at 0.028 when other alternative currencies started to pour in. That's when I realized that Litecoin, in my opinion, will be dead in a little while, as some other alternative currency that offers something truly new to bitcoin, will take its place.
+1, Very good points presented, I also agree.
I agree that Litecoin hardly has anything to offer anymore, or if it ever had.
- 2.5 minutes block time isn't fast enough to make a micropayment alternative to bitcoin
- Basically Litecoin is like bitcoin with different kind of algorithm, which only the 'nerds' care about, not 'normal' people we want to use them.
I was lucky to be able to buy Litecoin back in the day for 0.01 btc each, and sell out at 0.028 when other alternative currencies started to pour in. That's when I realized that Litecoin, in my opinion, will be dead in a little while, as some other alternative currency that offers something truly new to bitcoin, will take its place.
Yeh you where very lucky to buy litecoin at 0.01 as a newbie, didn't have this kind of luck myself. - 2.5 minutes block time isn't fast enough to make a micropayment alternative to bitcoin
- Basically Litecoin is like bitcoin with different kind of algorithm, which only the 'nerds' care about, not 'normal' people we want to use them.
I was lucky to be able to buy Litecoin back in the day for 0.01 btc each, and sell out at 0.028 when other alternative currencies started to pour in. That's when I realized that Litecoin, in my opinion, will be dead in a little while, as some other alternative currency that offers something truly new to bitcoin, will take its place.
The nxt scam is nothing truly new tough scams are around for ever.
I agree that Litecoin hardly has anything to offer anymore, or if it ever had.
- 2.5 minutes block time isn't fast enough to make a micropayment alternative to bitcoin
- Basically Litecoin is like bitcoin with different kind of algorithm, which only the 'nerds' care about, not 'normal' people we want to use them.
I was lucky to be able to buy Litecoin back in the day for 0.01 btc each, and sell out at 0.028 when other alternative currencies started to pour in. That's when I realized that Litecoin, in my opinion, will be dead in a little while, as some other alternative currency that offers something truly new to bitcoin, will take its place.
- 2.5 minutes block time isn't fast enough to make a micropayment alternative to bitcoin
- Basically Litecoin is like bitcoin with different kind of algorithm, which only the 'nerds' care about, not 'normal' people we want to use them.
I was lucky to be able to buy Litecoin back in the day for 0.01 btc each, and sell out at 0.028 when other alternative currencies started to pour in. That's when I realized that Litecoin, in my opinion, will be dead in a little while, as some other alternative currency that offers something truly new to bitcoin, will take its place.
With PoS coins, blocktimes don't matter nearly as much. 5 seconds is around the time it takes for a NXT confirmation. Litecoin is just old, dusty, and outdated. The only reason it's even at $9, is because of the old money invested in it. When those people decide to take a profit, or loss, and sell, Litecoin will drop like a stone to $1 and lower.
Nobody in their right mind needs 5 second confirmations. 
It can be killed for nothing just because nobody has done it does not mean it cant be done.
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2393940
Just download the paper
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2393940
Just download the paper
It's been a myth touted around PoW community, with everybody parrotting this myth, but there is no proof of concept that NXT can be killed. Please kill NXT if you can asap, I encourage you.
..
let's call it a theoretical attack vector, which is totally impractical because all the economical assumptions are wrong...
now doo are you a sockpuppet of kelsey, or can we expect something more?
It can be killed for nothing just because nobody has done it does not mean it cant be done.
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2393940
Just download the paper
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2393940
Just download the paper
It's been a myth touted around PoW community, with everybody parrotting this myth, but there is no proof of concept that NXT can be killed. Please kill NXT if you can asap, I encourage you.
Again, I repeat, how long should NXT run before everyone can admit it's as secure as Bitcoin? This is a direct question to all of you.
...
nxt I researched, I know its not secure so I avoid (do you need me to break that part down for you, as I am avoiding using some pretty scary facts so nxt fanbois don't get all upset).
nxt I researched, I know its not secure so I avoid (do you need me to break that part down for you, as I am avoiding using some pretty scary facts so nxt fanbois don't get all upset).
facts, even scary ones, need to be known: put your cards on the table, please
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2393940
Just download the paper
1) kelsey said NXT is not secure. I was answering him on that point. Hackers have been trying to break NXT for over 6 months, NXT is still here, not broken. How long should it run before everyone can admit it's as secure as Bitcoin? This is a direct question to all of you.
2) The general consensus is that guy's forum account was hacked, and the scammer scammed some Bitcoins, what does it have to do with the security of NXT? The most it has to do with is the forum's engine not being secure or that guy's forum account password not being secure, has nothing to do with NXT, and you know it.
Even if someone in NXT community is a bad apple, again, NXT as a technology has nothing to do with that, it's running for 6 months, unbroken. Bugs do happen, same as in any other software, but nothing fatal and nothing that cannot be fixed.
3) NXT, being Proof-of-Stake has to have all 100% coins created at Genesis block, that's by design. You can call it scam all you want, this is a design of 100% PoS currencies.
2) The general consensus is that guy's forum account was hacked, and the scammer scammed some Bitcoins, what does it have to do with the security of NXT? The most it has to do with is the forum's engine not being secure or that guy's forum account password not being secure, has nothing to do with NXT, and you know it.
Even if someone in NXT community is a bad apple, again, NXT as a technology has nothing to do with that, it's running for 6 months, unbroken. Bugs do happen, same as in any other software, but nothing fatal and nothing that cannot be fixed.
3) NXT, being Proof-of-Stake has to have all 100% coins created at Genesis block, that's by design. You can call it scam all you want, this is a design of 100% PoS currencies.
nxt I researched, I know its not secure so I avoid
If NXT was not secure, it would have been broken a long time ago.
How long should it run before you admit it's secure? 1 year is enough? 2 years? Just name a timeframe. If you don't think hackers are trying to break it all the time over the past 6 months, you're very naive. You need to do more research, obviously you just read someone's biased opinion and believed it, that was all your research about NXT.
NXT is very new and look at all these 'scams' or 'scandals' linked to it:
Was the guy linked here not a spokesman or the face of NXT?
https://bitcointalksearch.org/topic/big-scam-in-nxt-hundreds-of-btc-stolen-with-a-one-post-653693
100% PREMINE NXT SCAM
https://bitcointalksearch.org/topic/nxt-the-ultimate-scam-will-it-die-because-of-100-pre-mine-given-to-50-people-651057
Lets remember history for a moment.
NXT was all mined, approximately 1,000,000,000 tokens, instantly.
They were then given to forum members deemed most influential or a friend of the developers, 50 people got ALL THE COINS instantly.
There is very little in liquidity, creating a false illusion of wealth, try to sell 500,000 NXT on cryptsy and see what happens to that price! On the other hand you could sell that much of Litecoin and the market for Litecoin would NOT hiccup!
NXT should be rightfully called out as the biggest insta-mine scam in the history of alt-coins. It is written in JAVA. It was kept CLOSED SOURCE to hide major flaws and security issues.
They keep promising features that then do not appear and claim features that do not really work. Have you tried to use their asset exchange? Not really functioning.
Should be renamed SHT or SCM. Smiley
--edit--
NXT says scamming is okay -
Quote from: Come-from-Above on June 13, 2014, 07:04:02 PM
Quote from: bitgold on June 13, 2014, 07:02:30 PM
Fairness is one of the most important factors, if not THE most important factor, for the viability of any crypto coin.
Unfortunately, NXT got it wrong.
fairness is a fake concept which has no place in capitalism
if u dont know this then u are delusional. there is no fair cryptocurrency, this is hyprocite talk
look at bitcon its the worst obviously. fairness is such a joke anyway. there is no such thing as fairness in this world
Thank you for admitting that NXT is a scam - see this is the mentality of NXT and people behind it.
People who made NXT believe and support scamming.
Fairness is what separates men from animals and the 1st world from the 3rd world.
Fairness and empathy are what make us human.
NXT is inhumane, as proven by the poster above by his support and admission that NXT is a scam, even defending NXT's right to scam you.
...
nxt I researched, I know its not secure so I avoid (do you need me to break that part down for you, as I am avoiding using some pretty scary facts so nxt fanbois don't get all upset).
nxt I researched, I know its not secure so I avoid (do you need me to break that part down for you, as I am avoiding using some pretty scary facts so nxt fanbois don't get all upset).
facts, even scary ones, need to be known: put your cards on the table, please
What this here coin needs is a veritable technology enema!
nxt I researched, I know its not secure so I avoid
If NXT was not secure, it would have been broken a long time ago.
How long should it run before you admit it's secure? 1 year is enough? 2 years? Just name a timeframe. If you don't think hackers are trying to break it all the time over the past 6 months, you're very naive. You need to do more research, obviously you just read someone's biased opinion and believed it, that was all your research about NXT.
LTC biggest problem are the two mostly inactive devs with no ideas/time to improve the coin and no skills or intrest to form a vivid, healthy community.
They offer no vision for the coin.
And LTCs arrogant and lazy community doesnt help the project either. Most LTCers really think its god-given that LTC is the #2 coin now and will stay forever. And because this is so sure, they don't develope an ecosystem around the coin or push usage, they just wait. They are so out of touch with reality and closed-minded, that they blindly hate on all others coins no matter what. Often they hate on coins they know nothing, about with flawed arguments or invalid claims. (Embarrassing!)
Because their coin is now substandard and antiquated vs. all new projects, they over and over repeat their mantras:
"silver to bitcoins gold", "always number #2", "listed on the most exchangers", "established network", "only altcoin secured by asic" and spread their usual FUD.
LTCers are sooo stupid, they shows volume graphs around. And try to prove with them that LTC is not dead, and huge/active coin. Bullshit, 99% of the LTC trading volume are just back and forth altcoin/shitcoin-trades at the many exchanges. No one is using LTC for E-Commerce.
No one is denying that LTC can stay some years as #1 shitcoin trading token/base currency. They dont understand that people say: "LTC is dead" because LTCs orginal ideas/goals/concept are (pretty obvious) dead today/unreachable. LTC won't become an major mainstream E-Commerce crypto, being the MasterCard to Bitcoins VISA or Pepsi to Coke. Doesnt happen, the dream Coblee and the early adopters/miners sold to the bagholders is over. In this way LTC *IS* dead, no matter if it stays as niche crypto around some years.
LTCers have no right anyway to complain now about others declairing their project dead. They did it 100.000.000 themselves, e.g. vs DOGE or VERT. They now eat their own medicine.
They offer no vision for the coin.
And LTCs arrogant and lazy community doesnt help the project either. Most LTCers really think its god-given that LTC is the #2 coin now and will stay forever. And because this is so sure, they don't develope an ecosystem around the coin or push usage, they just wait. They are so out of touch with reality and closed-minded, that they blindly hate on all others coins no matter what. Often they hate on coins they know nothing, about with flawed arguments or invalid claims. (Embarrassing!)
Because their coin is now substandard and antiquated vs. all new projects, they over and over repeat their mantras:
"silver to bitcoins gold", "always number #2", "listed on the most exchangers", "established network", "only altcoin secured by asic" and spread their usual FUD.
LTCers are sooo stupid, they shows volume graphs around. And try to prove with them that LTC is not dead, and huge/active coin. Bullshit, 99% of the LTC trading volume are just back and forth altcoin/shitcoin-trades at the many exchanges. No one is using LTC for E-Commerce.
No one is denying that LTC can stay some years as #1 shitcoin trading token/base currency. They dont understand that people say: "LTC is dead" because LTCs orginal ideas/goals/concept are (pretty obvious) dead today/unreachable. LTC won't become an major mainstream E-Commerce crypto, being the MasterCard to Bitcoins VISA or Pepsi to Coke. Doesnt happen, the dream Coblee and the early adopters/miners sold to the bagholders is over. In this way LTC *IS* dead, no matter if it stays as niche crypto around some years.
LTCers have no right anyway to complain now about others declairing their project dead. They did it 100.000.000 themselves, e.g. vs DOGE or VERT. They now eat their own medicine.
Nice personal attacks. Real mature.
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