Litecoin v. Bitcoin - page 30. | Bitcointalksearch.org

ChuckBuck

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better everyday ♥

Quote from: crazyearner on March 04, 2015, 02:42:37 PM

Quote from: ?? on ??

Quote from: crazyearner on March 04, 2015, 02:03:00 PM

Quote from: DeboraMeeks on March 04, 2015, 01:01:47 PM

Dogecoin v Everything. Bitcoin wins.

bitcoin does not win everything. The only reason Bitcoin is on top is because it has been around since 2009 and so much news and people beginning to adopt it and use. In time their will be another coin that takes over BTC due to many factors from security services and features that BTC does not provide compared to a lot of alt coins. So far BTC has been good but theirs plenty of other alts out their that will soon over take BTC. One to keep an eye on is Burstcoin and also Doge. Doge is good but again has its moments the same as Burst does and I find that burst is way under priced and is gradually creping up the ladder on the market cap website.

How could Doge ever replace Bitcoin? Isn't it just a scrypt coin clone that been struggling so much it was added as a sidecoin to litecoin?

Might well be a clone however some clones work well but indeed it does struggle at times but it holds its value and does not dip down much maybe a few satoshi here and their but not as much as BTC spikes.

You're not seriously trying to pump up Doge are you? I mean I might excuse you if said Ripple or Ethereum or Darkcoin because at least there's a value and some development and investment involved, but Doge? Huh

Isn't it like worth a hundredth of a penny and like miniscule market cap? What projects or developments are even happening in Dogecoin? I can't even....

crazyearner

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Quote from: ?? on ??

Quote from: crazyearner on March 04, 2015, 02:03:00 PM

Quote from: DeboraMeeks on March 04, 2015, 01:01:47 PM

Dogecoin v Everything. Bitcoin wins.

bitcoin does not win everything. The only reason Bitcoin is on top is because it has been around since 2009 and so much news and people beginning to adopt it and use. In time their will be another coin that takes over BTC due to many factors from security services and features that BTC does not provide compared to a lot of alt coins. So far BTC has been good but theirs plenty of other alts out their that will soon over take BTC. One to keep an eye on is Burstcoin and also Doge. Doge is good but again has its moments the same as Burst does and I find that burst is way under priced and is gradually creping up the ladder on the market cap website.

How could Doge ever replace Bitcoin? Isn't it just a scrypt coin clone that been struggling so much it was added as a sidecoin to litecoin?

Might well be a clone however some clones work well but indeed it does struggle at times but it holds its value and does not dip down much maybe a few satoshi here and their but not as much as BTC spikes.

manfred

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Energy is Wealth

Quote from: ebliever on March 04, 2015, 01:18:23 PM

Quote from: manfred on March 04, 2015, 01:00:31 PM

From sig "The price of any commodity tends to gravitate toward the production cost. Satoshi N. "

Sorry, a little off topic, but did Satoshi really say that? Everything else I see from him has been clear-thinking and concise, but this gets things backwards. It's not that the price of the commodity gravitates towards the (current) production cost so much as the reverse, at least in the case of a commodity like bitcoin. If it costs $200 to produce a bitcoin that sells for $300, then rational investors will buy up more mining equipment to earn that profit. But more miners means divvying up the (fixed rate of supply) bitcoins more, leading to increased production costs per bitcoin.

In principle this would continue until it cost as much to produce a bitcoin as it sold for, accounting for all costs (electricity, personnel, etc.), on average. Of course with the volatility of BTC and the time lag involved in ordering and setting up miners, the relationship has been very loose. But over the long haul it should hold true.

yes

Quote

Excellent analysis, xc.

A rational market price for something that is expected to increase in value will already reflect the present value of the expected future increases. In your head, you do a probability estimate balancing the odds that it keeps increasing.

In the absence of a market to establish the price, NewLibertyStandard's estimate based on production cost is a good guess and a helpful service (thanks). The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more. At the same time, the increased production would increase the difficulty, pushing the cost of generating towards the price.

In later years, when new coin generation is a small percentage of the existing supply, market price will dictate the cost of production more than the other way around.

At the moment, generation effort is rapidly increasing, suggesting people are estimating the present value to be higher than the current cost of production.

https://bitcointalksearch.org/topic/m.415

Btcvilla

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Quote from: crazyearner on March 04, 2015, 02:03:00 PM

Quote from: DeboraMeeks on March 04, 2015, 01:01:47 PM

Dogecoin v Everything. Bitcoin wins.

bitcoin does not win everything. The only reason Bitcoin is on top is because it has been around since 2009 and so much news and people beginning to adopt it and use. In time their will be another coin that takes over BTC due to many factors from security services and features that BTC does not provide compared to a lot of alt coins. So far BTC has been good but theirs plenty of other alts out their that will soon over take BTC. One to keep an eye on is Burstcoin and also Doge. Doge is good but again has its moments the same as Burst does and I find that burst is way under priced and is gradually creping up the ladder on the market cap website.

Burst is really promising, so is Dogecoin. I would keep an eye mostly on Burst since its something new.

crazyearner

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Quote from: DeboraMeeks on March 04, 2015, 01:01:47 PM

Dogecoin v Everything. Bitcoin wins.

bitcoin does not win everything. The only reason Bitcoin is on top is because it has been around since 2009 and so much news and people beginning to adopt it and use. In time their will be another coin that takes over BTC due to many factors from security services and features that BTC does not provide compared to a lot of alt coins. So far BTC has been good but theirs plenty of other alts out their that will soon over take BTC. One to keep an eye on is Burstcoin and also Doge. Doge is good but again has its moments the same as Burst does and I find that burst is way under priced and is gradually creping up the ladder on the market cap website.

Beliathon

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https://youtu.be/PZm8TTLR2NU

Quote from: dyalldough on January 10, 2015, 07:05:39 PM

I am so confused.

What is better? Which one do you guys recommend more?

That depends, how do you feel about being poor?

ebliever

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Quote from: manfred on March 04, 2015, 01:00:31 PM

From sig "The price of any commodity tends to gravitate toward the production cost. Satoshi N. "

Sorry, a little off topic, but did Satoshi really say that? Everything else I see from him has been clear-thinking and concise, but this gets things backwards. It's not that the price of the commodity gravitates towards the (current) production cost so much as the reverse, at least in the case of a commodity like bitcoin. If it costs $200 to produce a bitcoin that sells for $300, then rational investors will buy up more mining equipment to earn that profit. But more miners means divvying up the (fixed rate of supply) bitcoins more, leading to increased production costs per bitcoin.

In principle this would continue until it cost as much to produce a bitcoin as it sold for, accounting for all costs (electricity, personnel, etc.), on average. Of course with the volatility of BTC and the time lag involved in ordering and setting up miners, the relationship has been very loose. But over the long haul it should hold true.

coinpr0n

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How is this even a question? There is no question... Bitcoin is superior even beyond the tech. It's a tour de force. Litecoin is essentially just a copy.

DeboraMeeks

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Dogecoin v Everything. Bitcoin wins.

manfred

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Energy is Wealth

Quote from: noelmal on March 04, 2015, 02:28:35 AM

Quote from: Troonetpt on March 04, 2015, 02:07:55 AM

Quote from: Herbert2020 on March 04, 2015, 01:53:07 AM

i don't see any use for any other cryptocurrency other than bitcoin. the only thing that might be useful about altcoins is trading and only if you can gain profit from it, thats all

That‘s true.
There is no reason for the existence of litcoin.

Equally people who use litecoin could see no reason for the existence of bitcoin, but hey live and let live. People who drive a Porsche may see no reason for the existence of Toyota.

Choice is a good thing.

I think many here have raised a valid point with there is more real world trust with litecoin as in there is no secret in who created it, might be a significant point when it comes to wider adoption.

Outside of straight up scams I don't see a reason to hate on other coins, and too much of this could possibly turn people off cryptos altogether.

To many scams is one of the reasons people turned of off cryptos but choice must exist in a healthy environment.

FreeJack2k

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Quote from: Troonetpt on March 04, 2015, 02:07:55 AM

That‘s true.
There is no reason for the existence of litcoin.

By that logic, there's no reason for more than one brand of anything. Litecoin needs no "reason" to exist other than one: Choice. That's by FAR not the only reason for it to exist, but that's the best one. I want an alternative to Bitcoin because I'm not willing to put money into Bitcoin, until I know Satoshi's stash has been demonstrably "burned" or redistributed, or otherwise provably destroyed. Litecoin IS Bitcoin, but younger, faster and running on a completely different network of hardware.

ajareselde

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Satoshi is rolling in his grave. #bitcoin

Quote from: ChuckBuck on March 04, 2015, 09:03:35 AM

Gavin sits down with top Altcoin developers discussing how to properly integrate different Altcoins and their Altchains into Bitcoin. Must watch:

https://www.youtube.com/watch?v=cIasr2AiyZ0

I dont realise why he is wasting time on altcoins, there is need for one coin, one chain, and in general, one idea of free transactions.
But it is a free world out there, more or less, and the market will show its interest, but in my opinion its all bad copying of bitcoin, and i think it will die out sooner or later,
so far everything altcoins are doing is feeding on the popularity/interest on bitcoin..

cheers

ChuckBuck

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better everyday ♥

Quote from: ?? on ??

I have no proof to back this up just speculation.

I do.

Got a simple formula to back you up, homie. You got no market cap in billyuns, then you aints thrillyuns.

Easy Peezy, na wut i'm sayin!!

crazyearner

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Quote from: ?? on ??

Quote from: jbreher on March 04, 2015, 12:37:29 AM

Quote from: ?? on ??

Quote from: runningfree on March 03, 2015, 03:43:37 PM

It seems to me that Litecoin exist on the fringes while bitcoin is where its at.

What makes you think that?

In the last couple weeks, bitcoin's share of the entire crypto scene's market cap has risen from about 81% to 84.8%. While it would be foolish to predict the future from a week's worth of data, this little trend is at least suggestive that the world at large may be growing tired of shitcoins.

I note for emphasis that Ripple's market cap was at one time higher than Bitcoin's (though why, I have no idea).

I do see most altcoins dying and by most I mean like 99%, but this is all speculative. I agree that most are probably tired of being scammed and dealing with P&D's. I think there will be 2 or 3 altcoins that at least stay "Active": Litecoin, Darkcoin & possible Peercoin.

I have no proof to back this up just speculation.

Most alt coins never survive or last a few months and end up dead no dev or just get pumped and dumped on o hard it kills it gets removed from exchanges and soon ides out.

ChuckBuck

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better everyday ♥

Gavin sits down with top Altcoin developers discussing how to properly integrate different Altcoins and their Altchains into Bitcoin. Must watch:

https://www.youtube.com/watch?v=cIasr2AiyZ0

Kipsy89

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Relax!

Quote from: Chef Ramsay on March 04, 2015, 12:47:48 AM

Quote from: Btcvilla on March 03, 2015, 11:16:43 PM

Litecoin MAY be a good thing to invest in right now, but it may be a horrible thing to invest in right now, use your best judgement.

Litecoin is on the low and the halving is in this October so I see a win whether the BTC makes a run and coupled with the 1/2ing so it's a buy either way. Profits shall be coming soon I would think. I'd never assert an all-in mentality but a sparse holding could wake you up in the future with a nice win. Wink

It will be interesting to see how strongly coupled to Bitcoin Litecoin will be in in a couple of years time. Right now the price/USD is still mostly coupled to BTC, like with every other alt coin!

toknormal

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Quote from: Herbert2020 on March 04, 2015, 01:53:07 AM

i don't see any use for any other cryptocurrency other than bitcoin

Well I suppose IBM didn't see any need for more than a couple of mainframes so your in good company.

Quote from: Hamuki on March 04, 2015, 02:35:01 AM

Maybe do Darkcoin instead since it looks like it has a bright future.

This ^^^

bitwarrior

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the good old days of litecoin are over, bitcoin is the only 1 true cryptocurrency and in which it is day by day getting exposure in the masses and adaption is on the go.

Hamuki

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LTC is very close and if not... Dead.

People arent adopting it, and its not really in use.

Bitcoin is going to be the best to stay on and stay away from LTC.

Maybe do Darkcoin instead since it looks like it has a bright future.

noelmal

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Quote from: Troonetpt on March 04, 2015, 02:07:55 AM

Quote from: Herbert2020 on March 04, 2015, 01:53:07 AM

i don't see any use for any other cryptocurrency other than bitcoin. the only thing that might be useful about altcoins is trading and only if you can gain profit from it, thats all

That‘s true.
There is no reason for the existence of litcoin.

Equally people who use litecoin could see no reason for the existence of bitcoin, but hey live and let live. People who drive a Porsche may see no reason for the existence of Toyota.

Choice is a good thing.

I think many here have raised a valid point with there is more real world trust with litecoin as in there is no secret in who created it, might be a significant point when it comes to wider adoption.

Outside of straight up scams I don't see a reason to hate on other coins, and too much of this could possibly turn people off cryptos altogether.

Topic: Litecoin v. Bitcoin - page 30. (Read 43665 times)