edit: http://explorer.litecoin.net/address/LfJUtrxqu7cChehEbxkdMvkWSsF7UpFyMy
Topic: When will Litecoin reach 0.1 Billion USD total value (Read 9611 times)
btc24 Thanks for your patience & fair minded attitude, I've decided that using the largest markets for each conversion is the fairest & that would be ltc/btc on btc-e followed by btc/usd on gox to give a melded ltc/usd (via btc) price & there haven't been any objections to this anyway (it was originally what I had in mind to do anyway as I always calculate it like this) so I'm now sending your 100 ltc prize, glad that it's coming at a good time for you & also the ltc price is looking perky atm too in both btc & usd terms.
edit: http://explorer.litecoin.net/address/LfJUtrxqu7cChehEbxkdMvkWSsF7UpFyMy
edit: http://explorer.litecoin.net/address/LfJUtrxqu7cChehEbxkdMvkWSsF7UpFyMy
With the silver price making a low of $28.22 per Oz = $0.87774 per gram last Thursday & Litecoin making a high of $0.8247 yesterday we are getting very close, so a small rules change, once the price of litecoins goes over $0.85 or if silver falls below $27.50 per Oz = $0.85535 approx per gram then entries on the 1 LTC = 1 gm Ag part of the competition are closed.
It's a tough question! The actual problem is that dollar worth more at btc-e.com as far as in/out commissions are quite high, I belive. Normally, they trade bitcoins about 10% "cheaper" comparing to all other major exchanges. So, if one would trade litecoins for bitcoins and then trade bitcoins for dollars at mtgox or bitstamp or vircurex or elsewhere - one could reach the market capacity above 0.1 B USD...
I'll be ok with any legit decision anyway. This prize would be a great way to recover from the recent btc-e account hack (I lost a significant part of coins because of the lack of security and sequent brute-force attack... as many others)...
I'll be ok with any legit decision anyway. This prize would be a great way to recover from the recent btc-e account hack (I lost a significant part of coins because of the lack of security and sequent brute-force attack... as many others)...
I'm not sure if this is the best way to have worked it out, it's how I personally calculate the current ltc/usd price but I didn't make this totally clear in the rules, so please let me know if anyone objects to this, or thinks it fairer to just use Btc-e's ltc/usd price to calculate, or split the prize with 50 ltc for btc-24 & half for whoever is closest later using just btc-e's prices unless Gox is by then the larger exchange for ltc.
tomorrow!
2013 04 03
2013 04 03
This could be a winner, see the 'litecoin now has a market cap of 731,000 BTC. Thats over 100 million dollars boys and girls' thread on r/litecoin
Thursday: afk for a couple of days traveling atm, will look in to this more on my return...
Awesome! I will be happy to receive my prize ) : LfJUtrxqu7cChehEbxkdMvkWSsF7UpFyMy
Can't wait to see LTC to be over $5 again...
Thanks everybody!
After careful checking I find that using btc-e's ltc/usd chart & info the high for ltc on 2013 04 03 was $5.89999
http://www.ltc-charts.com/period-charts.php?period=2-weeks&resolution=day&pair=ltc-usd&market=btc-e
& the max number of ltc in existence on that day was 16,350,454.5 for a total max market cap of 96,467,515 so < $0.1B
http://explorer.litecoin.net/chain/Litecoin?hi=327030&count=20
I haven't checked if the ltc/btc & btc/usd price would give a higher figure, someone else (like to potential winner if he likes) could perhaps do this & post the proof with links, otherwise I shall try & get round to it maybe tomorrow.
Edit: ltc/btc high on 2013 04 03 was 0.04490 btc
http://www.ltc-charts.com/period-charts.php?period=2-weeks&resolution=day&pair=ltc-btc&market=btc-e
& btc/usd high was approx $147 at a little after 8 am
http://bitcoincharts.com/charts/mtgoxUSD#rg30zczsg2013-04-04zeg2013-04-04ztgSzm1g10zm2g25
which gives $6.60 max per ltc so $107.9M market cap, will edit for 8am which will be less...
16,324,004 x $6.60 = $107.7M so yep this does seem to be when litecoin first gained a market cap of over $0.1B, if there are no objections this weekend then I shall pay the prize on Monday. When ltc equaled $6.13 (via ltc/btc on Btc-e & via btc/usd on Gox) was the tipping point approx.
http://explorer.litecoin.net/chain/Litecoin?hi=326500&count=20
$0.1B: 2013-05-02
Cas LTC: 2014-06-02
Cas LTC: 2014-06-02
Sry for the delay, back home now from my travels, tomorrow I will look in to the results for this, any one who knows the exact figures re price & number of LTC in the wild with timing to the nearest day or closer & wishes to share them would be much appreciated, 3 ltc reward offered for most accurate within the next 24 hours.
tomorrow!
2013 04 03
2013 04 03
This could be a winner, see the 'litecoin now has a market cap of 731,000 BTC. Thats over 100 million dollars boys and girls' thread on r/litecoin
Thursday: afk for a couple of days traveling atm, will look in to this more on my return...
Awesome! I will be happy to receive my prize ) : LfJUtrxqu7cChehEbxkdMvkWSsF7UpFyMy
Can't wait to see LTC to be over $5 again...
Thanks everybody!
tomorrow!
2013 04 03
2013 04 03
This could be a winner, see the 'litecoin now has a market cap of 731,000 BTC. Thats over 100 million dollars boys and girls' thread on r/litecoin
Thursday: afk for a couple of days traveling atm, will look in to this more on my return...
CAS LTC Physical Coin
2013 05 15
2013 05 15
$0.1B 2013 04 06
Cas LTC 2013 09 13
Cas LTC 2013 09 13
Oh, I did not notice that my guess was already taken in time (I thought I checked it)... But I don't mind about consolation prize 
(it was pretty exact, nah?)
(it was pretty exact, nah?)You should have moved it to 2013 04 01, better luck with the $0.1B one, but if we are over 0.012 BTC in 24 hrs then I'll send you a 10 LTC consolation prize.
Lc2oz1o29LhUAh2q3BXAAYN2Kxvogr9Hky
Sry for the delay, I was kinda celebrating yesterday & didn't want to open a wallet when drinking, > 0.04 BTC certainly merits a 10 LTC consolation prize now sent
We're at 70m now, so probably not long.
Today!!!!
2013 04 02
2013 04 02
2013 04 04
2013 04 14
tomorrow!
2013 04 03
2013 04 03
2013 04 08
2013 04 13
I'm pretty sure we will be there in several weeks ...
I'm pretty sure we will be there in several weeks
... 
I would say 2013 04 11 for $0.1B
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