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Topic: Time to switch on litecoin. BITCOIN IS DEAD for normal miner - page 2. (Read 6409 times)

legendary
Activity: 1484
Merit: 1005
Yes, please switch to litecoins or whatever new alt-coin comes next. gpu-based bitcoin mining is the future, but only for the brave suckers.... In the meantime I'll redeem these 2 million coinlab shares.

CoinLab   I've got no desire to put my wealth into any centralized organization after Bitcoinica etc
full member
Activity: 165
Merit: 100
Your Argument is Irrelephant
Yes, please switch to litecoins or whatever new alt-coin comes next. gpu-based bitcoin mining is the future, but only for the brave suckers.... In the meantime I'll redeem these 2 million coinlab shares.
legendary
Activity: 1022
Merit: 1000
IMO

LTC="ohh shit, don't buyed Apple shares 15 years ago ... the most intelligent will be buy shares of this new chinese company that makes bad copies of iphone and in a few years I'll be rich..."

Ok, there are many speculation in BTC, but LTC is only that. Has no greater utility than moving from place to place your money and mining, bitcoin don't need silver, is ridiculous.

I don't say that LTC is worthless or will not have value, after all will be the bid and ask who determine this. But in terms of its value as a project ... contributes nothing, is a crude attempt to create a new scenario of "new early adopters" where its creators can make profits with its revaluation.
legendary
Activity: 1484
Merit: 1005
It's impossible to tell if BFL is a scam or not at this point, since we haven't seen a product from them at this point or any reasonable indication that they even ordered wafers from a fab (unlike Avalon, who has showed their TSMC inventory sheets).
legendary
Activity: 1484
Merit: 1005
Who is even keeping litecoin alive? Why are people buying it at btc-e?

I am, and so are the estimated 2200+ GPUs mining on the network.  I've been mining since release over a year ago and been making nothing but money.

I predicted the difficulty coaster attack to litecoin as well, but oddly it doesn't seem to affect the currency as I had thought it might.  The result seems to be that whoever is mining on the low difficulty periods is dumping quickly, but whoever is mining on the high difficulty periods is hardly dumping at all, so the price has been maintained stable.

The hash rate of the network is also slowly going up on the high difficulty periods.

Quote
You're the poster boy for LTC. LTC won't ever be worth anything because the only people using it are people like you.  BTC has the industrious, the inventive, the people who know how to work.  LTC is full of people like you. Scammers.
Yes, the BTC community is full of incredibly reliable and honest people like Pirate@40, Zhou Tong, Butterfly Labs, and Taaki to name a few...  And services such as Silk Road.
full member
Activity: 234
Merit: 105
Who is even keeping litecoin alive? Why are people buying it at btc-e?

i'm CPU mining and running the client. not sure why, but I am.
full member
Activity: 125
Merit: 100
Who is even keeping litecoin alive? Why are people buying it at btc-e?
hero member
Activity: 574
Merit: 500
Bitcoin is 4years old , Litecoin is 1years old so yes it's not suprising that you can find more bitcoin project ....!!!

Alright. I win. That was much easier than I thought.

You admitted BTC does have an economy. Thanks.

I never said the contrary... LOL you win what ..? you kid.

Bitcoin has an economy but a weak one compared to speculation! (and I agree it's worst for litecoin actually).

But Litecoin has the advantage to be faster and it could find a place!

New to BTC & LTC ...having said that I own an online computer company in OZ and we are going to at the start of the new year accept BTC based upon daily spot prices (-5% transaction fee of course) and cash out daily

Even if BTC go to $0.0001 it will be ok...if it starts to get more volatile i we can do instant exchanges etc

I must admit that BTC is an easier sell than LTC for the other directors.

Will see how things go for a month and then add LTC into the mix.

So if you want to spend those LTC on computer equipment early next year Let Me know Cheesy

www.cworld.com.au


hero member
Activity: 950
Merit: 1001
Who made the rule that there is only room for ONE cryptocurrency? The market will decide that. There are lots of interesting ways for a lesser and greater cryptocurrency to complement one another.
...
There have been lots of people who have been turned off from BTC simply because LTC and other alt-coins exist.

"Why waste time on money on BTC if people could just jump over to the exact same thing with a different name and leave me broke? Sounds like a scam" Hence: scamcoin
Whoever says such things is a fool.
First of all, for better or worse Litcoin isn't going anywhere. Even if it becomes pointless due to GPU mining, some people will still run it for fun. Same goes for most other coins if they become obsolete.
Second, everyone could just sell Apple stock and buy Microsoft, leaving Apple investors broke. Except they do things differently, and each fills a niche. If you don't want to trade things devoid of intrinsic value that anyone can drop and only represent economic activity, don't trade stocks either. Stocks must be a scam.
hero member
Activity: 540
Merit: 500
COINDER
On Topic..

I say yes PLEASE al go mine LTC Please everybody with less then 8gh switch please go...Grin
hero member
Activity: 518
Merit: 500
mccorvic think's he's got everything and everyone figured.  Roll Eyes

NOW YOU GOT IT! Geez.
legendary
Activity: 1736
Merit: 1006
mccorvic think's he's got everything and everyone figured.  Roll Eyes
hero member
Activity: 518
Merit: 500
Ok YOU WON  Grin you are unable to understand any economic discussion.

last thing what you are saying about litecoin could have been said about bitcoin when it was younger... think about that, go educate yourself and come back Smiley

Mmhmm. Yup.
hero member
Activity: 518
Merit: 500
You're way off base on so many levels that I won't even address this. Lets just say your comments smell of desperation. Got a lot of money tied up in bitcoin?
Less than $300USD at any given time.  Thanks for trying to troll though.  Mostly I'll buy some BTC, hold a little, but spend the rest on stuff on the economy. O WAIT I FORGOT THERE ISN'T A BTC ECONOMY Sad

And you know, I wouldn't really actually care to much if LTC some how...pfffhaha...succeeded. But it won't and I'm just trying to help you bros and friends out.  At best you just bring down crypto and we stay with paypal.  I'm not a doomsday conspiracy theorist so I don't think the government is secretly controlling paypal and ebay or anything.  

wow calm down, "scam"? I don't allow you to say such things that's wrong and offensive. If you think that people on bitcoin don't speculate you are dumb. Like dumb. Really. Betting on future litecoin economy is a bet and I'm ready to bet on that. we will see in few month... Wink

People speculate on oil. People speculate on cow feed. Just because there is speculation != no economy.  

You're the poster boy for LTC. LTC won't ever be worth anything because the only people using it are people like you.  BTC has the industrious, the inventive, the people who know how to work.  LTC is full of people like you. Scammers.
legendary
Activity: 1736
Merit: 1006
Who made the rule that there is only room for ONE cryptocurrency? The market will decide that. There are lots of interesting ways for a lesser and greater cryptocurrency to complement one another.

Actually, no, there really isn't. Any reason I've ever been given that any other coin can "complement" BTC has been weak at best and amounts to "because I want to print my own money still *boohoo*".  The only possible goal of LTC, as I've said before, is to ruin the idea of cryptocurrencies in general. There have been lots of people who have been turned off from BTC simply because LTC and other alt-coins exist.

"Why waste time on money on BTC if people could just jump over to the exact same thing with a different name and leave me broke? Sounds like a scam" Hence: scamcoin

Now, the market WILL decide. It'll decide that you're a victim of a pump-dump scam and you've just wasted your time. I'm just trying to help you out and tell you that you could be doing something productive with BTC instead of being an emo-kid that's upset you can't print your own money.

You're way off base on so many levels that I won't even address this. Lets just say your comments smell of desperation. Got a lot of money tied up in bitcoin?
hero member
Activity: 518
Merit: 500
Of course! If mining wasn't profitable people would not mine. So either you change your technology either you mine something else.

My point is that the actual bitcoin value is 90% because of the speculation. The bitcoin demand is not from and for real goods/services exchange but for people who want to enter in this new trendy game that is called bitcoin.

You should read more and read more about economy in general.

Sweet baby moses, you don't know when to quit! You just admitted that you just hope to pump-dump and scam.  It's not about the economy, it's not about cryptocurrencies actually making a difference. It's about scamming to you.

Close your account. Get off these boards. Go play WoW or something.

hero member
Activity: 518
Merit: 500
You just don't realize that bitcoin economy is super weak. Not saying it won't grow and become big but at the moment the "economy" youa re talking about is just hidding a huge speculation.

instead of being smart just answer that Wink

Answer what? You didn't even ask a question. 

I'm curious then.  When will BTC be an economy then? What parameters are required for you be satisfied with it?  I know the answer: You don't know and you don't care.  If you did know and you did care, you wouldn't be so adamant about arguing that it doesn't.  I have no trouble spending BTC to acquire whatever it is I want. None. Zero.

If I had 15k LCT what could I do? Buy some BTC?

Second Question: What will you do if LTC go so big that you got pushed out of mining again? The answer: Move onto the next scam coin so you can print your own money again.
full member
Activity: 224
Merit: 101
Oh mccorvic, come on - a loose definition of money is "what one idiot has and another idiot wants" and therefore I see quite a huge potential for BTC, LTC and even nutshells (once trees become extinct)  Wink

Time will tell...

And here's a little graph to illustrate what juhakall said:



edit: from http://www.litecoinpool.org/charts
hero member
Activity: 518
Merit: 500
"beaten" ? you definitely a kid.

Ok so I'm pretty sure that you don't know that 75% of bitcoins are stored ==> speculation.

100% of the actual transactions are based on 25% of the total of the mass. THIS is speculation.
If you take away satoshi dice, silkroad &co ; real economy = super weak.

tell me more about you're heaven... and LOL teach about what speculation is, make me laugh.

Re-read this thread and you'll get there eventually.

/thread
hero member
Activity: 518
Merit: 500
The speed is a reality pussycat. IT'S SECURE ENOUGH . WHATEVER ALL THIS SHIT IS FOR SPECULATION .
Bitcoin economy = miner=speculation & mining at 85%

So why not for litecoin ?

I'm gonna buy 15 000 litecoin tomorrow.

OK, this is what I've learned:

1.You don't really know what speculation means.

2. You don't understand that LTC is just being bought by people who hope to sucker enough people in that it'd be worth it to dump.

3. That BTC is actually used for goods and services. Thus, this means your argument is invalid. Thus, you don't know when you've been beaten.
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