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Title: If LTC is a pump & dump and is to collapse BTC is too. Post by: ElectricMucus on December 23, 2012, 11:23:29 PM If it isn't neither are both. That is the truth nobody of those guys complaining about LTC is willing to admit.
Litecoin is the same thing as Bitcoin except for a different hashing function. It stands to have the same potential, and is dependent only on the participants on whenever that potential is realized or not. also see my sig below vv. :D Title: Re: If LTC is a pump & dump and is to collapse BTC is too. Post by: Bendur on December 23, 2012, 11:57:55 PM LTC is too stable to be a pump and dump. Price has barely moved in the last month. But still has healthy volume.
Title: Re: If LTC is a pump & dump and is to collapse BTC is too. Post by: ElectricMucus on December 24, 2012, 12:22:27 AM LTC is too stable to be a pump and dump. Price has barely moved in the last month. But still has healthy volume. Yeah that too ;)Title: Re: If LTC is a pump & dump and is to collapse BTC is too. Post by: DeathAndTaxes on December 24, 2012, 12:57:12 AM Network effect. (http://en.wikipedia.org/wiki/Network_effect)
An ebay clone doesn't have the same potential as ebay. A BTC clone doesn't have the same potential as BTC. It doesn't work that way. Title: Re: If LTC is a pump & dump and is to collapse BTC is too. Post by: notme on December 24, 2012, 01:00:46 AM Network effect. (http://en.wikipedia.org/wiki/Network_effect) An ebay clone doesn't have the same potential as ebay. A BTC clone doesn't have the same potential as BTC. It doesn't work that way. FTFY Title: Re: If LTC is a pump & dump and is to collapse BTC is too. Post by: smoothie on December 24, 2012, 01:03:37 AM [ur=http://en.wikipedia.org/wiki/Network_effect]Network effect.[/url] An ebay clone doesn't have the same potential as ebay. A BTC clone doesn't have the same potential as BTC. It doesn't work that way. Very true. Let's not speak too soon. Facebook took MySpace to school. Title: Re: If LTC is a pump & dump and is to collapse BTC is too. Post by: DeathAndTaxes on December 24, 2012, 01:50:21 AM However if myspace2 was simply a clone of myspace without any innovative features then it would have died on the vine.
Can something replace Bitcoin because it is superior? Sure however the network effect makes that a high barrier to entry. Is LTC that "something"? No. Not even close. Title: Re: If LTC is a pump & dump and is to collapse BTC is too. Post by: ElectricMucus on December 24, 2012, 02:44:48 AM However if myspace2 was simply a clone of myspace without any innovative features then it would have died on the vine. Can something replace Bitcoin because it is superior? Sure however the network effect makes that a high barrier to entry. Is LTC that "something"? No. Not even close. You are right LTC is not superior, it doesn't need to be. Is facebook superior than myspace? Probably not, it's different. Coming up with analogies wouldn't help any argument here, cryptocurrencies are just too different from everything else for it to make sense. I suggest you trash that ebay analogy cuz I can come up with several examples which are just as invalid where the copy exceeded the original. It just doesn't matter how you compare it cryptocurrencies are something unique. As for the network effect itself: In case of Bitcoin it is self quenching, in periods. We had one of these periods last year and there could be another one next year. These occur independently of developments in alternate cryptocurrencies but they give them space. Litecoin amoung it's predecessors was thought up during last years period and if it makes it through the coming year it will exhibit growth during the next bitcoin resession. Now there will be those who will blame LTC for the resession while this just isn't true. Capital flowing of from bitcoin would otherwise flow to the USD and result in a worse impact. Now you could say there will never be again a bitcoin recession, but that would be like to say there will never be a snowstorm. Title: Re: If LTC is a pump & dump and is to collapse BTC is too. Post by: markm on December 24, 2012, 06:08:24 AM Facebook basically removed a key -is-it-a-bug-or-a-feature of MySpace, to wit the ability to make such insanely horribly "gaudy" psychedelic pages that they hurt the eyes.
So for many it was a lack of a highly visible feature that attracted them to facebook. Of course facebook has since bloated itself disgustingly so it eats so much system resources to keep a tab of it in browser that removing a shit-ton opf "features" from facebook to make something a heck of a lot easier on the end-user's resources might be able to blow facebook away similarly though hmm, makes you wonder, what about the famous "no one ever went broke by underestimating the taste of the American public" quote? Hmmm... -MarkM- EDIT: Twitter is an obvious no-go, right? Just a puny 140 character blurb and thats it?!!?! Never catch on... |