But, it's 4x faster. This might stabilize BTC/LTC prices which isn't even a problem now.
The current problem is BTC/USD. And you can do arbitage between exchanges but it doesn't really work. That is because it is really hard to transfer USD between exchanges.
Topic: LTC is ideal for inter-Exchange transfer & could stabilize BTC across exchanges (Read 617 times)
April 10, 2013, 05:41:33 AM
April 10, 2013, 03:47:25 AM
"With widespread adoption of LTC, it will be much easier and faster to transfer between the various exchanges due to faster confirms."
Indeed
Indeed
April 09, 2013, 06:08:21 PM
I have accounts on 4 exchanges (Gox, btc-e, bitfloor and vircurex).
Right now there is no quick way to transfer money between them, which is probably most of what is driving the large price differences in BTC among the exchanges.
With widespread adoption of LTC, it will be much easier and faster to transfer between the various exchanges due to faster confirms.
I'd imagine that anyone who's figured out a way to make money off cross-exchange arbitrage will not be in favor of the exchanges implementing LTC. This may be the reason we see resistance to it here.
Thoughts?
Right now there is no quick way to transfer money between them, which is probably most of what is driving the large price differences in BTC among the exchanges.
With widespread adoption of LTC, it will be much easier and faster to transfer between the various exchanges due to faster confirms.
I'd imagine that anyone who's figured out a way to make money off cross-exchange arbitrage will not be in favor of the exchanges implementing LTC. This may be the reason we see resistance to it here.
Thoughts?
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