Topic: Thinking Litecoin is a good play right now. (Read 1490 times)

its Quark! not QuarkCoin! they said. Then they paid 5 grand for QuarkCoin.com anyway

he just wants to sell his domainname which he got wrong

ROFL definately time for my first meme:

THE NAME IS MONERO. NOT MONEROCOIN.

What a fascinating analysis of LTC. I enjoy to read your future posts on the subject considering the substantial amount of evidence you have provided here!

keep an eye out for MoneroCoin

Thank you El Dude for interesting site. I hold also my BTC at any case...

It makes me laugh, 1 month its Auruacoin, the next its Spain Coin, then DRK...whats next months pump and dump?

But every month LTC is still number 2 in market cap and volume.

government selling btc coins http://www.usmarshals.gov/assets/2014/bitcoins/

just hodl like me and just laugh at every stupid "crash"

LTC is also very interesting, but... does  anyone know why the BTC price goes down at the moment?  
Hopefully no bad news from China.

darkcoin is closed source so it has that going for it lol.

Explain that one then. What does DRK have over LTC?

- Market Cap?
- Volume?
- Merchant Adoption?
- Development Team?
- Secure Network?
- Payment Gateway for merchants?

What a stupid statement to make.

If that was true, it wouldn't be getting trashed by Darkcoin as hard as it has been for the past month.

I don't think its LTC that is dumb

Ignore the trolls....They must be worries about LTC if they continue to troll...

Rather than feed your trolling, here are some links for people to read about Litecoin and make their own minds up.

Dear Litecoin Community,

You may have seen recently I made a post titled “Litecoin State of the Union”, which was made in order to clarify what was going on in the world of Litecoin, and calm peoples fear about asics, price, as well as let folks know what the LA and other community members are working on in the LTC eco-system. With that said, I felt the response for the most part was very positive and really got some of the community members engaged and more knowledgeable of the activities and initiatives that are going on. So I wanted to elaborate a bit on a number of activities that the community is trying to put together as well as areas where we need some help in.

Safe network alliance pledge We are very aware of coinotrons recent issue with the %51 network hash rate. Because of this, we have formed a pledge to pools to take in order to state the will be %28 or below the network hash rate. This is important to prevent time warp attacks on the network (which can happen with any coin, and cause the hacker to fake data and issue fake coins to themselves). Please spread the word to the pool you mine at, and request them to take the LA/LTC pledge for a safer network located here https://litecointalk.org/index.php?topic=20028.0.

Litecoin video After much back and forth, and starting a video, we decided to scrap the original and start again. One of our Litecoin Association members, Saigoned, stepped up as the project manager and will see this come to fruition. It was decided that we would assign bounties to this project in order to get this complete so we can show folks and merchants. Therefore, 65 LTC has been set aside to help pay for certain aspects of the video (50 of which was donated by the Litecoin Association). Please see https://litecointalk.org/index.php?topic=19799.0 for more details on the project and bounty. Also, special thanks to Losh11 that help start this initiative!

New wallet splash screen With the up and coming release of the new Litecoin QT wallet (which will be called “Litecoin Core”) ver 0.9, there is an initiative to have a new splash screen made by the community for the developers to use. Warren, lead Litecoin Dev, proposed to get the community more involved and wanted to use new splash screens for both the main loading screen and the testnet screen. Please see https://litecointalk.org/index.php?topic=19989.0 for more details on this project along with deadlines. NOTE: Current deadline is June 4th, which I have requested an extension so that the reddit community can submit their work.

Electrum Wallet Electrum wallet is still in beta testing to ensure everything is working properly. This is an important project for the Litecoin community as a whole. Pooler is the developer working on this, and is still asking for beta testers as well as public servers to help with electrum. If you would like to help, please see this thread here https://litecointalk.org/index.php?topic=18608.0.

LTC on Bloomberg Coblee has started an initiative to get Litecoin prices listed on Bloomberg feeds, much like how Bitcoin is already displayed. Roscoe, who is also another member of the Litecoin Association, has taken the lead on this project and is asking for help getting Litecoin displayed on Bloomberg. If you use or know someone who uses a Bloomberg Professional Terminal, please send a message to their online support desk asking for Litecoin price quotes and news to be added. Please show your support in helping him if you can, see https://litecointalk.org/index.php?topic=19258.0 for more details.

Translators needed If you speak more than one language, your skills are in need for the Bitcoin/Litecoin development teams. Please see https://litecointalk.org/index.php?topic=19050.0 for more details.

Help with LA pages The Litecoin Association (http://litecoinassociation.org/) needs help in the form of ideas and volunteers to help “spruce up” the LA website. We need ideas for improvements, sections, content, and anything else you think is good to list. You don’t have to be a member of the LA in order to help out, anyone can help! Crazik is the administrator for the website as well as on the LA board of directors. Please contact him if you want to help out (and we need some help with this too, I promised him I would get a few folks hehe).

Merchant basket TheMage (Yes me), started a project in order to create merchant baskets for folks to print out and take with them in order to get more merchants on board to accept LTC and crypto’s in general. This will be the next large project to be completed after the Litecoin video project. See https://litecointalk.org/index.php?topic=20157.0 for more details. SEE LITECOIN.COM WEBSITE ACTIVITY BELOW!

Website and Client Documentation Dev We have a new intern working with Warren to help out with Litecoin.org as well as end user documentation, seikochan. Her goals for taking the position are * Improving the Litecoin website to be a more inclusive, collaborative project where the community helps by contributing improvements and expanding the content to be more informative. * Improving the documentation for both Bitcoin and Litecoin client software to make it easier for everyone to understand the best practices in protecting themselves against theft and accidental losses that usually are the result of user error. She can use your help with helping create this documentation for both the Litecoin and Bitcoin clients. In addition, she could also use your assistance in the form of translators. Please see https://litecointalk.org/index.php?topic=17395.0 for more details.

LA meetings and Community Projects Litecoin Association meetings are on IRC every other Sunday and are a completely open forum (anyone can attend). The LA board members and Ambassadors conduct the meeting and go over important information with the community and where we need help from the community. After the board speaks, the floor opens for any topics not discussed. We implore everyone to attend! Here is the sticky for information on which channel to join, time zones for clarification, and past meeting notes https://litecointalk.org/index.php?topic=19434.0. The Community Projects section is where we create new initiatives for folks as well as try to coordinate marketing campaigns to get companies on board to accept LTC (the merchant basket and Litecoin video as well as previous charities were started in this section). Here is the link to the main boar https://litecointalk.org/index.php?board=89.0.

Final Thoughts I hope to continue to keep the reddit community abreast of activities that the Community, Litecoin Association, and Developers are working on in order to bring more information to the masses. I understand in the past that this information may not have been flowed properly, but I am looking to change that. I want everyone here to know that Litecointalk.org and reddit are one big community, and we need to work together to continue to keep Litecoin as a top tier currency in the crypto world! But we need YOUR help with this, the communities help. So what ever little bit you can do, PLEASE help us make this better! Thank you Smiley

EDIT Litecoin.com Website
Coblee recently asked the community what to do with the domain name Litecoin.com. We are looking for open ideas from everyone. https://litecointalk.org/index.php?topic=20168.0
In addition, treasure_finder, has offered a 20 LTC bounty for Litecoin.com development. See here for details https://litecointalk.org/index.php?topic=20204.0

I don't have the technical know how to make this happen but I know it is important for the future of our coin. Therefore, I'm offering a 20 LTC bounty to the person or persons who are able to make this site a reality. Even if you're not sure what the final site should look like, start the design, make the work-in-progress and let us all provide feedback and work on it together to make it a reality. I don't care if LTC reaches $100 between now and then, I will send you 20 LTC when the site is launched. I invite any other members to add to this bounty, to get ourselves a top quality site that will reinforce LTC as the true silver crypto coin.

Coblee has now donated 100 LTC to this activity, which puts the bounty up to 120 LTC. I am rolling the merchant basket activity into this as well. Stay tuned for details on how this will be distributed.

What is Litecoin up to?
http://www.reddit.com/r/litecoin/comments/27654z/activities_in_the_litecoin_world_addendum_to/


Litecoin is not silver it is Platinum
https://litecointalk.org/index.php?topic=18792.0;topicseen

Litecoin is always 2nd highest Market Cap and Daily Volume
1    Bitcoin   $ 7,671,126,206   $ 595.23   12,887,750 BTC   $ 53,693,573     
2    Litecoin   $ 300,086,707   $ 10.27   29,228,404 LTC   $ 4,867,817   

Charlie Lee's thoughts on Coinbase and Litecoin
There are no philosophical or financial reasons for not adding Litecoin support. If there were, I would not have joined Coinbase last year.

The reasons we are not adding Litecoin today are:
Paradox of choice - need to design UI in such a way that it's powerful for people who want to use Litecoin and Bitcoin and not overwhelming for new users
Lack of liquidity - need more trusted (i.e. not anonymous) exchanges with large volumes
Engineering resources constraint - other projects are more important

(1) is solvable by some good UI design. Maybe a secret URL (http://coinbase.com/litecoin) to opt-in in creating a Litecoin wallet. FYI, I actually implemented the multiple wallet feature.

(2) can be worked around by doing more internalizing of buys and sells and depend less on exchanges.

(3) will resolve over time. As more important projects get launched, Litecoin will become higher on the list of TODOs. Btw, I recently became an engineering manager at Coinbase with 5 direct reports, so I have some say on what projects they work on. Cheesy

So, yes, I have put a lot of thought into this. And I am in the best position to make this happen, but I won't promise a time frame. Please be patient and bear with me.
____


Litecoin is only getting better, network is becoming much more secure.

obvious sockpuppet is obvious

While still nowhere near that of Bitcoin, Litecoin still has the second highest marketcap and the highest merchant acceptance and level of infrastructure built around it of any altcoin. It is possible that these same qualities that keep Bitcoin ahead of its clones (i.e. basically any coin, of which Litecoin is one) could also keep LTC ahead of its clones (i.e. basically any scrypt coin).

youre not allowed to talk about BTC on an LTC thread?

personally I think you'd be crazy to invest in LTC over BTC at this point.

-bm

Whats with the constant trolling of LTC threads promoting BTC? If you hate alts why even be in this section? Just to troll?

You must be really bored.

Litecoin came out when?

ASICS came out when?

My point