Title: Litecoin Post by: Immanuel Go on September 13, 2012, 03:48:26 AM What's the consensus around here on litecoins?
Does anyone have any predictions? Is it going to bubble? Is it worth keeping a cache of these just in case? Title: Re: Litecoin Post by: adamstgBit on September 13, 2012, 04:04:01 AM i fully expect it to fail.
but I'm still holding 250 (~ 1btc) of them ... for fun Title: Re: Litecoin Post by: bitcool on September 13, 2012, 04:11:33 AM The odd is not in LTC's favor, concerns me most is the dev team.
but I still like it, actually, love it. Title: Re: Litecoin Post by: adamstgBit on September 13, 2012, 04:25:15 AM one of these days someone is going to make a bitcoin fork and totally market it well. you know dump 1million into the project, create hype and anticipation of it coming out.
and that has a chance at PWNing bitcoin Title: Re: Litecoin Post by: HungDaddy on September 13, 2012, 04:27:35 AM I have been interested to know if litecoin or any other alt coins give you a better return for your hashrate if you will ultimately be converting to bitcoin.
Title: Re: Litecoin Post by: Graet on September 13, 2012, 05:33:59 AM I have been interested to know if litecoin or any other alt coins give you a better return for your hashrate if you will ultimately be converting to bitcoin. sometimes it does sometimes it doesn'tdepends on the value of each at the time, both are volatile, you need to watch and switch at the right times :) A lot of GPU miners are hoping Litecoin has some value after ASIC comes to Bitcoin but Litecoin has a tiny economy (not unlike Bitcoin a couple of years ago) the economy needs to grow or it will not be worth mining them when flooded by GPUs and difficulty skyrockets :) Title: Re: Litecoin Post by: wikiaki on September 13, 2012, 05:37:20 AM See below \/
Title: Re: Litecoin Post by: Etlase2 on September 13, 2012, 05:44:05 AM What's the consensus around here on litecoins? Does anyone have any predictions? Is it going to bubble? Is it worth keeping a cache of these just in case? My opinion on litecoin is that it has no technological advancement nor any innovation over bitcoin and is essentially just a clone with a few variable tweaks, so it is utterly useless. On a meta level, the earliest distribution of coins was much more spread out and does not leave quite the massive, manipulative power potential that bitcoin has. But I don't believe that is worth any brownie points in the grand scheme of things. Title: Re: Litecoin Post by: bitcool on September 13, 2012, 11:22:56 AM The hash rate of Ltc network has been surprisingly stable considering the price volatility, probablydue to some kind of botnet, but I haven't read about it.
Title: Re: Litecoin Post by: Monkey1 on September 13, 2012, 12:02:54 PM You can still see a stable return on LTC mining with GPU's. GPU mining (for BTC) is becoming more unprofitable with recent difficulty increases, especially if you live somewhere with expensive electricity.
Title: Re: Litecoin Post by: DirtAddsHP on September 13, 2012, 08:45:24 PM I feel that at this moment only one crypto-currency will arise.. but thats just speculation.
Title: Re: Litecoin Post by: CJGoodings on September 14, 2012, 05:32:57 AM Litecoin has already had its time, its gone with the wind just like i0.
Title: Re: Litecoin Post by: bitcool on September 14, 2012, 11:31:38 AM I feel that at this moment only one crypto-currency will arise.. but thats just speculation. Litecoin has already had its time, its gone with the wind just like i0. if you think there can be more than one crypto coins coexist, litecoin still looks most promising among other alternatives. if you believe think there will be only one, stay with bitcoin. Title: Re: Litecoin Post by: nraz on September 14, 2012, 02:14:12 PM if you think there can be more than one crypto coins coexist, litecoin still looks most promising among other alternatives. And what about namecoins? I think they could be more promising than litecoins. Title: Re: Litecoin Post by: CJGoodings on September 14, 2012, 02:25:54 PM Both litecoins & namecoins have had their time in the spotlite already, although namecoins i could see a future with even with its near worthless value.
Title: Re: Litecoin Post by: Graet on September 14, 2012, 02:33:33 PM Both litecoins & namecoins have had their time in the spotlite already, although namecoins i could see a future with even with its near worthless value. I would disagree :)Litecoin had a surge in interest a while ago and maintains a good network hashrate, many gpu miners are hoping it will be a use for gpus when asic make them useless for btc mining. on the other hand namecoin was designed as a dns system using the same proof of work as Bitcoin, not as a currency.Other alternative DNS systems such as CJDNS seem to be more viable for that role currently. Most namecoin are just sold onto the market as a bit of "extra income" for miners which causes a continual drop in value. Title: Re: Litecoin Post by: AJM on September 14, 2012, 03:44:19 PM I think there is still a substantial amount of interest in LTC. It may have a future as long as people continue creating a market for it.
Title: Re: Litecoin Post by: CJGoodings on September 14, 2012, 03:55:53 PM I havent seen any recent progress in the adaptation of LTC into online stores (like btc has been). First you need to find shop keeps willing to take it as payment, next up is the integration into shopping cart systems and such (which nobody does for free), so then lies the hunt for a coder willing to take the job.
All which is nonexistent at this current moment in time for LTC. Title: Re: Litecoin Post by: Graet on September 14, 2012, 04:14:31 PM I havent seen any recent progress in the adaptation of LTC into online stores (like btc has been). First you need to find shop keeps willing to take it as payment, next up is the integration into shopping cart systems and such (which nobody does for free), so then lies the hunt for a coder willing to take the job. actually people have been working on these things and there are businesses accepting LTCAll which is nonexistent at this current moment in time for LTC. Bitcoin was started 2009 Litecoin was announced here https://bitcointalk.org/index.php?topic=47417.0 on October 09, 2011, - I think Bitcoin had a bit of a head start compared to NMC which is not a currency and I see no future for :) If not for merged mining keeping NMC alive I don't think it would be a part of our vocabulary any more. Title: Re: Litecoin Post by: Monkey1 on September 14, 2012, 04:17:57 PM I hope LTC does not fail but it is intrinsically linked to BTC. If BTC prospers, LTC stands a chance. If BTC fails, so will LTC.
Title: Re: Litecoin Post by: bitcool on September 14, 2012, 06:51:35 PM I hope LTC does not fail but it is intrinsically linked to BTC. If BTC prospers, LTC stands a chance. If BTC fails, so will LTC. I'm not sure they're this tightly related, for one thing, user community and market's reaction to post-GPU mining can be a big differentiating factor.Title: Re: Litecoin Post by: annette786 on September 14, 2012, 07:00:14 PM A competitor to bitcoin needs to be fundamentally different... like instead of dedicating computer power to a block chain, dedicating it to gene folding (or something altruistic).
Title: Re: Litecoin Post by: bitcool on September 14, 2012, 07:14:13 PM A competitor to bitcoin needs to be fundamentally different... like instead of dedicating computer power to a block chain, dedicating it to gene folding (or something altruistic). There has been plenty discussion on that, but haven't seen a reasonably good solution.Title: Re: Litecoin Post by: Monkey1 on September 14, 2012, 08:02:06 PM I hope LTC does not fail but it is intrinsically linked to BTC. If BTC prospers, LTC stands a chance. If BTC fails, so will LTC. I'm not sure they're this tightly related, for one thing, user community and market's reaction to post-GPU mining can be a big differentiating factor.The thing is, its the same people interested in both. You will find very few people who shun BTC and love LTC. It will be the same crowd, just working out which offers the best mining opportunities at any given time. Title: Re: Litecoin Post by: bitcool on September 14, 2012, 09:26:05 PM The thing is, its the same people interested in both. You will find very few people who shun BTC and love LTC. It will be the same crowd, just working out which offers the best mining opportunities at any given time. And that's when LTC's speculative value comes into play: volatility and cheap price. As a BTC hoarder, I don't like my odds in playing HYIPs, bets, gambling, loan, etc, I don't like keeping all my btc on a USB sitting in my safe either. I consider LTC as my own BCST ;) Because it's so cheap (1:100 after adjustment to Title: Re: Litecoin Post by: Monkey1 on September 14, 2012, 10:02:06 PM But LTC has steadily decreased in value over the past few weeks. If you bought it for BTC you have lost (especially as BTC has appreciated compared to fiat).I prefer to have my BTC invested in something, earning me money!!
Title: Re: Litecoin Post by: bitcool on September 14, 2012, 10:30:29 PM But LTC has steadily decreased in value over the past few weeks. If you bought it for BTC you have lost (especially as BTC has appreciated compared to fiat).I prefer to have my BTC invested in something, earning me money!! I really don't care that much. High reward is always associated with high risk. (Not BCS&T though ;) ) Title: Re: Litecoin Post by: hargax on September 14, 2012, 10:48:15 PM All LTC does is undermine BTC, slightly.
Title: Re: Litecoin Post by: bitcool on September 14, 2012, 10:54:10 PM All LTC does is undermine BTC, slightly. That's like saying Mars missions are undermining earth, slightly Of course it will take some resource away, but it increases diversity and improve human's probability of surviving. |