Topic: Litecoin price is blowing up! - page 7. (Read 9609 times)

i Remember it

Was done in #litecoin in July. i gave away a significant number of BTC as well. I'm sure some people in there will remember it:) 

You got any proof?

PM? Link?

Well he accepted 1337 of them, and gave me an address.

Really? Mr. "Litecoin is a scam" wanted litecoins?

 

I did send him about a thousand LTC about 5 months ago. Shocked he wanted them. He has yet to move them however.

Yeah as mine-and-dump coins go, litecoin is dojng okay, apart from bitcoins they and namecoins are the most valuable mine-and-dump coins most of the time (actually maybe all the time).

Take a look at http://galaxies.mygamesonline.org/digitalisassets.html to see how a bunch of other types of coin are doing, there are some surprises there I think.

Basically it kind of looks like mine-and-dump might not be the greatest way of creating valuable currency.

-MarkM-

I've talked about it before, GPU are not going to disappear. Many people have the magic thinking that because ASIC are coming, GPU are out of the market. But "out of the market" means dismantling the farm and trying to sell all that equipment. I don't want to do that, and I don't think it's the goal of a lot of people. Gamers who were making a little side money mining with their stock still want to make a little money. Those GPU are still on the surface of the planet, and their owners still want to use them.

Litecoin is a way to continue this. Some wealth is moving from BTC to LTC, and probably that people are anticipating the transfer when ASIC will hit. Also, there's the whole unexplored market of having TWO legit blockchains that was impossible when only Bitcoin was around.

Miners will bring wealth to Litecoin and give it value the same way they brought wealth to Bitcoin and gave it value.


Litecoin is doing its job well, being a "cheap and less secure Bitcoin". Namecoin is not interesting to use, too complex, lack details and guidelines and people simply don't bother. Merged mining hurt its value too, since people are not interested, they just receive this bonus that they sell for BTC.

I like the idea behind Namecoin, don't misunderstand me. But it's so....useless right now, even Bitcoin services don't seem to find a use for Namecoins. Where is the GUI? Where is the simple website that hold my hand about how to use it?


This quote explains why Litecoin is gaining value.

I have been purchasing an absurd amount of Litecoin for a short time now. I have attributed to the recent market prices.

people are buying litecoins to gambling with them ?

Well, I can only hope anyway.

Cool But to mine LTC, I have to stop mining BTC.

So what? Why mine only bitcoin? To do so seems like "leaving money on the table".

How profitable is mining BTC, NMC, DVC, GRP, I0C, IXC and CLC all at once merged compared to mining any one chain alone?

Now how much more or less so if one were to add MBC, UKB, and others to the mix?

( See http://galaxies.mygamesonline.org/digitalisassets.html )

-MarkM-

Any background information on this bull run? Mining LTC is now more profitable than mining BTC.

Probably more to do with mine-and-dump.

Namecoins are merged-mined alongside bitcoins, devcoins, groupcoins, ixcoins, i0coins and coiledcoins whereas litecoins cannot be merged alongside so require taking mining power away from all the other chains to mine them. Thus they are likely cheaper to buy than to mine.

-MarkM-

Namecoin has like almost 0 following....5 guys squatted all the good domain names.... equals.....shit

What I don't get is how litecoins are worth more than namecoins.

Tonal Litecoins!  Luke-Jr must be trading them.

The link shows he made a typo with one too many zeros.

HOLY SHIT WHAT KIND OF DEALS IS THAT? lol 0.000768?

Impressive indeed... I might need to dust off the LTC wallet.