Bitcoin Forum

Other => Beginners & Help => Topic started by: Jake.Hobson on May 21, 2013, 08:59:49 PM



Title: LiteCoins
Post by: Jake.Hobson on May 21, 2013, 08:59:49 PM
I admit to being a little skeptical about LTCs.  While I will probably mine a few along with legacy GPUs, I don't understand the purpose of the multiplicity of the the digital crypto currencies.  I heard of the analogy "LTC's silver to Bitcoin's Gold", but I am still trying to figure out what that means practically.


Title: Re: LiteCoins
Post by: Bunny84 on May 21, 2013, 09:17:02 PM
LTC is better than BTC in several ways, f.e. speed of transaction or safety or mining.... etc


Title: Re: LiteCoins
Post by: pavimus on May 21, 2013, 09:31:02 PM
i think LTC is more perpective at now. LTC/BTC exchange rate is growing in time. Some last months LTC/BTC growed in many times. Next growing may happen when LTC come to mtgox.


Title: Re: LiteCoins
Post by: happybolla on May 21, 2013, 09:41:33 PM
if LTC come to mtgox, price will growing up to 10$  :D


Title: Re: LiteCoins
Post by: aceking on May 21, 2013, 09:43:39 PM
most people buy because they expect that their price will rise when they will be introduced at mtgox.


Title: Re: LiteCoins
Post by: 1bettor.com on May 21, 2013, 09:44:49 PM
Litecoin could be the facebook, BTC myspace? :-* :-\ :-X


Title: Re: LiteCoins
Post by: Avengers_Assemble on May 21, 2013, 09:47:27 PM
Litecoin could be the facebook, BTC myspace? :-* :-\ :-X
I've heard several people say this. But I have no idea why people think this. I thought the only actual use of LTC is to convert to BTC. So why would LTC get bigger than BTC?


Title: Re: LiteCoins
Post by: hunnaryb on May 21, 2013, 09:49:23 PM
There is nothing wrong with mining alt coin that is most profitable and trading to Bitcoin asap - and dont tell me LTC is somehow different alt coin. What drive new people to cryptocurrencies is Bitcoin afaik.


Title: Re: LiteCoins
Post by: metacoin on May 21, 2013, 10:56:39 PM
scrypt algorithm, transaction time, and block reward differences (the third is mostly psychological) are the major differences between BTC and LTC