Bitcoin Forum

In the spirit of the bitcoin faucet, we've got a litecoin faucet drippin out litecoin. grab some free @ http://freelitecoins.appspot.com

Thanks.  8)  Funny, first place I ever went to get Bitcoins was the Bitcoin Faucet, yet I never even thought of going to the Litecoin one until now.  ;D

Thanks!

Isn't it better to stick to one currency? I know competition is good but having this litecoin that's easier to create doesn't sound like a good idea.

Thanks for the free Litecoin!

+1

Hmm interesting. So Lightcoin uses the CPU to mine instead of the GPU? When it comes to bitcoins, the GPU is on magnitudes faster, so is there any way to get the GPU to mine lightcoins as well? What about using nvidia cards?

So how do I get a free lightcoin?  ;D

It was CPU only at first, but now it is also able to be mined with a GPU, many times faster than a CPU. Look for more information in the Alt currency forum.

 Just tried to go to the site and got this error :

 

 Ok thank you.  :-X

The market should (eventually) sort out the differences in pricing. Of course with variable difficulty in both types, there's really no fixed ratio of litecoins to bitcoins.

One possible advantage of having multiple currencies is that it becomes harder for malicious players in the finance world (Wall St banksters and so on) to destroy these currencies. If there's no ready alternative to Bitcoin, "someone" could spend a few million dollars creating an array of custom asics to perpetrate a severe attack.

Some people worry about 51% attacks and double spending. They need to learn to think like a criminal. How about getting free money from the US Fed, investing in a massive mining rig and accumulating millions of coins, then holding the bitcoin economy to ransom by stuffing up the inflation rate? Instead of a stable market, they make it ridiculously volatile by constantly dumping large numbers of coins and then buying them back randomly, so that the "little people" lose faith in bitcoin.

What is the solution to all this? Embrace multiple currencies! As long as the general idea and "value system" is compatible, they should be easy to exchange. This makes it more difficult for any dominant player to destroy the market with optimised hardware.

Well is offline,  maybe was a scam.

Thank you =D

I thought having only one alternative (bitcoin) would be better for adoption but your explanation answer my doubt. Thanks.

Thanks man!
The wallet is slow as hell for me though

Well, it was just one opinion. I read somewhere recently (probably on these forums), indicating that an economy is inherently unpredictable. Say for example that someone creates an "all-encompassing" model that predicts the future, they (or someone else) might try to use that model to game the market, thus changing the result that they predicted in the first place.

In other words, there's no way of knowing for sure -- my opinion might easily be wrong and there might be some big advantages to having just 1 or 2 currencies that never crossed my mind. But when I do think of stuff, I think that having these ideas out in the open gives the community a natural advantage.

Gimme some LiteCoins
nomnom

LTavjpBNnUjHcWjsRWqdC7CPdEbuZ2A9JN

500 Internal Server Error

Same error for me

i love free stuff!

litecoin? Time for more research. I only just heard of bitcoin.

nice 2 litecoins! thanks

I like the way that as you have 500 internal server errors ... maybe you are having sooooo much interest in LTC that it si about to take over as the new global currency.. but as the error message stops me getting my free LTC can you please look into thiS!! before LTC skyrockets to £30 per LTC pls :)

many thanks

FuzzyBear

BTC: 1MizNRVSjszppEHNfSWuASCzRtzPRBnrmD
LTC: LbMPUzwPRkWa5hCJGrEiRCeoYExY6Ujt1D

http://fuzzy.triplemining.com

Many thanks and happy mining :)

error 500 :/

error 500 right now... waiting to see if it works in a couple of hours.

Still down for me too.

Link not working

not working also for me

I'm still getting a 500 Server Error.

And I was so hopeful, too!  :'(

Get off that damn free host!

Nothing in life is FREE...

Katana