Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: crazy_rabbit on January 21, 2013, 08:27:41 AM



Title: Meteoric rise of BTC sucking life from Alt-Coins
Post by: crazy_rabbit on January 21, 2013, 08:27:41 AM
I think there is a good argument to be made that by trading alt-coins against BTC we fall victim to psychologically being influenced on the value of Alt-coins are relative to BTC.

Right now for example, LTC looks *horrible* compared to BTC on the charts, it's value continues to drop, but it's hard to constantly keep in mind that the value is against something that is constantly going up. If you look at LTC/USD LTC is down a bit, but not nearly as much as BTC/LTC.

Maybe trading against BTC is a bad idea in that it locks the value of alt coins too much to BTC. Of course it would be hard to "decouple" these things on exchanges where much of their profit is made trading between the two, but for example at exchange.zapto.org the collapse of LTC against BTC has meant many sell order of TRC have disappears (I had my eye on lots of 5000TRC sales) but as confidence drops in LTC no one wants to sell other alt coins against it.



Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: ElectricMucus on January 21, 2013, 08:29:47 AM
They are selling low and buying high.

Let them :)


Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: BugSpirit on January 21, 2013, 01:32:48 PM
Everyone just converted their alts to BTC to get profit from rising. They will be back. And for us, the real alt-coins supporters, the situation is a good opportunity to buy low.


Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: bowen151 on January 21, 2013, 01:42:20 PM
Rabbit which alt coin are you throwing the majority of your hashing at?

I seen you on the coinotron lists a few times but I can't recall the numbers


Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: hanzac on January 21, 2013, 01:47:06 PM
Everyone just converted their alts to BTC to get profit from rising. They will be back. And for us, the real alt-coins supporters, the situation is a good opportunity to buy low.

I think LTC's current price is becoming safe with it. I just bought a few hundreds from BTC-e.


Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: crazy_rabbit on January 21, 2013, 02:14:35 PM
Rabbit which alt coin are you throwing the majority of your hashing at?

I seen you on the coinotron lists a few times but I can't recall the numbers

I'm soloing TRC at the moment. You make more LTC by mining TRC and selling for LTC.


Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: Walter Rothbard on January 21, 2013, 03:08:10 PM
I think there is a good argument to be made that by trading alt-coins against BTC we fall victim to psychologically being influenced on the value of Alt-coins are relative to BTC.

Right now for example, LTC looks *horrible* compared to BTC on the charts, it's value continues to drop, but it's hard to constantly keep in mind that the value is against something that is constantly going up. If you look at LTC/USD LTC is down a bit, but not nearly as much as BTC/LTC.

Maybe trading against BTC is a bad idea in that it locks the value of alt coins too much to BTC. Of course it would be hard to "decouple" these things on exchanges where much of their profit is made trading between the two, but for example at exchange.zapto.org the collapse of LTC against BTC has meant many sell order of TRC have disappears (I had my eye on lots of 5000TRC sales) but as confidence drops in LTC no one wants to sell other alt coins against it.



Rabbit, I haven't looked at the numbers, but from what I see here on the forum, I imagine that TRC would be going up and LTC going down.  Is it possible this is what you're seeing?


Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: crazy_rabbit on January 21, 2013, 03:46:31 PM
I think there is a good argument to be made that by trading alt-coins against BTC we fall victim to psychologically being influenced on the value of Alt-coins are relative to BTC.

Right now for example, LTC looks *horrible* compared to BTC on the charts, it's value continues to drop, but it's hard to constantly keep in mind that the value is against something that is constantly going up. If you look at LTC/USD LTC is down a bit, but not nearly as much as BTC/LTC.

Maybe trading against BTC is a bad idea in that it locks the value of alt coins too much to BTC. Of course it would be hard to "decouple" these things on exchanges where much of their profit is made trading between the two, but for example at exchange.zapto.org the collapse of LTC against BTC has meant many sell order of TRC have disappears (I had my eye on lots of 5000TRC sales) but as confidence drops in LTC no one wants to sell other alt coins against it.



Rabbit, I haven't looked at the numbers, but from what I see here on the forum, I imagine that TRC would be going up and LTC going down.  Is it possible this is what you're seeing?

Dunno- there isn't really enough data on what TRC is doing. Up until today it was only possible to buy TRC on an exchange against LTC. But now you can buy it also at https://trcexchange.bitparking.com/ against BTC. However I think it's too new to see any sort of trend in it. I would still caution against looking at TRC as the next LTC or something like that. It's an experimental Bitcoin- few things have been changed to differentiate it (a couple important ones however), and it's more of a space for active experimentation both with the change, and with the social and economic aspect around it.


Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: bitcool on January 22, 2013, 03:43:24 PM
It's almost a perfect storm for ltc: btc rise, competition from ppc, trc, frc... Never mind asic is coming and truck loads of gpu are becoming worthless in the btc world. 

Some major speculators have bailed, which is probably a good thing.


Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: 420 on January 22, 2013, 10:25:27 PM
It's almost a perfect storm for ltc: btc rise, competition from ppc, trc, frc... Never mind asic is coming and truck loads of gpu are becoming worthless in the btc world. 

Some major speculators have bailed, which is probably a good thing.

what you mean people trading margins are out; now its the real buyers and sellers? and oversold...


Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: crazy_rabbit on January 23, 2013, 11:23:16 AM
It's almost a perfect storm for ltc: btc rise, competition from ppc, trc, frc... Never mind asic is coming and truck loads of gpu are becoming worthless in the btc world. 

Some major speculators have bailed, which is probably a good thing.

what you mean people trading margins are out; now its the real buyers and sellers? and oversold...

I'm disappointed by the lack of backbone in the LTC 'economy'. Basic services and structures are hard to find or do not exist. The speculators were in because there was lots of talk of building these things, but when the months go by and they don't get built, and people talk less and less about actually building them, it gets hard to maintain the faith. Besides, who wouldn't move out of the coin when it stops to drop? Even the faithful know to move out and buy more at the bottom. So now maybe the faithful will buy more.


Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: Kryptox on January 24, 2013, 12:40:19 PM
I have a feeling that LTC just doesn't have the liquidity needed to properly implement a backbone yet.  Then again, creating more support for it would perhaps generate the liquidity...chicken or the egg I guess.  I find most of the exchanges for alt coins to be a bit of a joke at the moment as well.  Also, once ASIC's get going, average miners will be forced to move to alts which should give them a boost I'd think?


Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: bitcool on January 24, 2013, 02:39:47 PM
The question is,  is  time on the  ltc  side,  or  it's against ltc?

Time , security , stability , user base,  services... all  require patience to come by.:-)


Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: wh00per on January 26, 2013, 02:53:06 AM
I'm disappointed by the lack of backbone in the LTC 'economy'. Basic services and structures are hard to find or do not exist. The speculators were in because there was lots of talk of building these things, but when the months go by and they don't get built, and people talk less and less about actually building them, it gets hard to maintain the faith. Besides, who wouldn't move out of the coin when it stops to drop? Even the faithful know to move out and buy more at the bottom. So now maybe the faithful will buy more.

Rome wasn't built in a day.


Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: -ck on January 27, 2013, 01:15:19 AM
I'm disappointed by the lack of backbone in the LTC 'economy'. Basic services and structures are hard to find or do not exist. The speculators were in because there was lots of talk of building these things, but when the months go by and they don't get built, and people talk less and less about actually building them, it gets hard to maintain the faith. Besides, who wouldn't move out of the coin when it stops to drop? Even the faithful know to move out and buy more at the bottom. So now maybe the faithful will buy more.

Rome wasn't built in a day.
Rome's architects didn't abandon it though...


Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: 420 on January 27, 2013, 01:21:44 AM
I'm disappointed by the lack of backbone in the LTC 'economy'. Basic services and structures are hard to find or do not exist. The speculators were in because there was lots of talk of building these things, but when the months go by and they don't get built, and people talk less and less about actually building them, it gets hard to maintain the faith. Besides, who wouldn't move out of the coin when it stops to drop? Even the faithful know to move out and buy more at the bottom. So now maybe the faithful will buy more.

Rome wasn't built in a day.
Rome's architects didn't abandon it though...

the architects weren't the same people the whole time I bet


Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: bitcool on January 27, 2013, 02:30:18 AM
I'm disappointed by the lack of backbone in the LTC 'economy'. Basic services and structures are hard to find or do not exist. The speculators were in because there was lots of talk of building these things, but when the months go by and they don't get built, and people talk less and less about actually building them, it gets hard to maintain the faith. Besides, who wouldn't move out of the coin when it stops to drop? Even the faithful know to move out and buy more at the bottom. So now maybe the faithful will buy more.

Rome wasn't built in a day.
Rome's architects didn't abandon it though...

Aren't LTC's architects same as BTC's?  The design is the same, just different implementation.

A (skilled) builder can quit or abandon his job, but the project can be easily maintained by others ...  the beauty of open source.


Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: -ck on January 27, 2013, 04:45:02 AM
Do you see any developers currently working on LTC? Any that have commit access to the official source that are working? Have the previous developers handed over responsibility to anyone they can trust? I put it to you that LTC development is in a very precarious state and these are questions anyone investing heavily in LTC needs to ask themselves.


Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: 🏰 TradeFortress 🏰 on January 27, 2013, 04:48:10 AM
A lot of people purchased alt coins to speculate on them. Now, they see that the value isn't really going up, especially when they compare it to the "gold standard" of Bitcoin. It's clear why a lot of the speculators and holders are moving out.


Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: laSeek on January 27, 2013, 04:48:54 AM
Do you see any developers currently working on LTC? Any that have commit access to the official source that are working? Have the previous developers handed over responsibility to anyone they can trust? I put it to you that LTC development is in a very precarious state and these are questions anyone investing heavily in LTC needs to ask themselves.

There are new devs that now have commit access to the ltc repo.
Coblee is on-board with a few of us working on the code and rolling in updates - many of which are in test and we're aiming to start more regular release cycles of the client.
We're being careful to ensure we can provide a clean upgrade mechanism for users as we build new functionality and roll in important changes from the bitcoin source.

...when they compare it to the "gold standard" of Bitcoin...

Yes - many, not all, developers on bitcoin set a high standard.  We're aware that some like to compare "gold" to "silver" - we think there is an appropriate niche for both.
With Litecoin worked closely with the bitcoin developers in the past - adapting the niche we think we service - we look forward to continue doing so as time unfolds.

I'm disappointed by the lack of backbone in the LTC 'economy'. Basic services and structures are hard to find or do not exist. The speculators were in because there was lots of talk of building these things, but when the months go by and they don't get built, and people talk less and less about actually building them, it gets hard to maintain the faith. Besides, who wouldn't move out of the coin when it stops to drop? Even the faithful know to move out and buy more at the bottom. So now maybe the faithful will buy more.
Rome wasn't built in a day.
Rome's architects didn't abandon it though...

That's an unfair and invalid argument ck - Coblee did a Satoshi for a number of personal reasons - he's around and reachable by the current team - but he doesn't have time to commit with the everyday dev.  We do talk with him when it comes to major changes or for brainstorming - but we also have scope to bring about change.
Gavin stepped in and did a great job of moving bitcoin forward - building upon a solid foundation and helping to turn it into what bitcoin currently is today.  Give us a chance to see if we can do the same for litecoin.

There are limited services currently with ltc - and that's largely our responsibility to work out and fix.
This is something we are heavily into at the moment and I think over the next few months you'll find a lot more possible with LTC other than speculating or hedging against with btc.
On btce ltc is heavily traded - with very healthy volumes which I think is a very good sign.

We're also looking to deal with a number of hostile actions by some who believe that btc should be the only coin.
In the past few months the blockchain & many of the pools have been attacked by those who believe it should be taken down - sadly it appears that one of the contributors to the bitcoin code also have it out for litecoin - which tarnishes the image of not just bitcoin but all cryptocoins. 
We've weathered these attacks pretty well I think - we've learned a lot and now in a more solid position to take Litecoin to a new level.


Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: franky1 on January 27, 2013, 05:14:44 AM
It is also worth noting that other projects are in development, but instead of "doing a BFL" by creating hype way before anything is even ready to be beta tested. It is best to ensure the projects are in a good enough working order before creating hype.

That way when they do get released, its ready to use. Which is best for the long term, instead of spoon feeding info now and again to cause pumps and dumps before anything is finalised.

The litecoin community learns all the great things bitcoin has brought to crypto community, and also litecoin will learn from bitcoins mistakes to make sure litecoin does not follow it like a deaf sheep.

As for bitcoins gold standard people keep giving it. Crypto-currencies are not a commodity, you cant make anything out of it, you cant eat it or drink it.

Crypto currencies are technically an Asset, much like a piece of art.

So its better to think of bitcoin as a Van Gogh and litecoin as a Picasso. Van Gogh will paint 21 million paintings and Picasso will paint over 80 million.
Just remember Van Gogh can be a little selfish and deaf when it comes to listening to his patrons requests, just like the bitcoin foundation. But Picasso is a totally different attitude, although some patrons will at first say it does not look like fine art at first glance with its crazy implementation, it does have an elegant beauty that will stand the test of time, and like the developers. Not afraid to learn new ways of doing things for the benefit of the patrons.


Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: smoothie on January 27, 2013, 05:43:32 AM
It is also worth noting that other projects are in development, but instead of "doing a BFL" by creating hype way before anything is even ready to be beta tested. It is best to ensure the projects are in a good enough working order before creating hype.

That way when they do get released, its ready to use. Which is best for the long term, instead of spoon feeding info now and again to cause pumps and dumps before anything is finalised.

The litecoin community learns all the great things bitcoin has brought to crypto community, and also litecoin will learn from bitcoins mistakes to make sure litecoin does not follow it like a deaf sheep.

As for bitcoins gold standard people keep giving it. Crypto-currencies are not a commodity, you cant make anything out of it, you cant eat it or drink it.

Crypto currencies are technically an Asset, much like a piece of art.

So its better to think of bitcoin as a Van Gogh and litecoin as a Picasso. Van Gogh will paint 21 million paintings and Picasso will paint over 80 million.
Just remember Van Gogh can be a little selfish and deaf when it comes to listening to his patrons requests, just like the bitcoin foundation. But Picasso is a totally different attitude, although some patrons will at first say it does not look like fine art at first glance with its crazy implementation, it does have an elegant beauty that will stand the test of time, and like the developers. Not afraid to learn new ways of doing things for the benefit of the patrons.

+84,000,000 LTC


Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: -ck on January 27, 2013, 05:48:10 AM
Do you see any developers currently working on LTC? Any that have commit access to the official source that are working? Have the previous developers handed over responsibility to anyone they can trust? I put it to you that LTC development is in a very precarious state and these are questions anyone investing heavily in LTC needs to ask themselves.

There are new devs that now have commit access to the ltc repo.
Coblee is on-board with a few of us working on the code and rolling in updates - many of which are in test and we're aiming to start more regular release cycles of the client.
We're being careful to ensure we can provide a clean upgrade mechanism for users as we build new functionality and roll in important changes from the bitcoin source.

Rome wasn't built in a day.
Rome's architects didn't abandon it though...

That's an unfair and invalid argument ck - Coblee did a Satoshi for a number of personal reasons - he's around and reachable by the current team - but he doesn't have time to commit with the everyday dev.  We do talk with him when it comes to major changes or for brainstorming - but we also have scope to bring about change.
Gavin stepped in and did a great job of moving bitcoin forward - building upon a solid foundation and helping to turn it into what bitcoin currently is today.  Give us a chance to see if we can do the same for litecoin.

We're also looking to deal with a number of hostile actions by some who believe that btc should be the only coin.
In the past few months the blockchain & many of the pools have been attacked by those who believe it should be taken down - sadly it appears that one of the contributors to the bitcoin code also have it out for litecoin - which tarnishes the image of not just bitcoin but all cryptocoins. 
We've weathered these attacks pretty well I think - we've learned a lot and now in a more solid position to take Litecoin to a new level.

To be honest I had no idea anyone was still actively working on it. It certainly didn't look like it so I apologise. I also was not passing judgement on Coblee since it's too much for one person to shoulder. As for a bitcoin dev that attacks others? It's pretty obvious who that would be...  ::)


Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: smoothie on January 27, 2013, 05:58:14 AM
Do you see any developers currently working on LTC? Any that have commit access to the official source that are working? Have the previous developers handed over responsibility to anyone they can trust? I put it to you that LTC development is in a very precarious state and these are questions anyone investing heavily in LTC needs to ask themselves.

There are new devs that now have commit access to the ltc repo.
Coblee is on-board with a few of us working on the code and rolling in updates - many of which are in test and we're aiming to start more regular release cycles of the client.
We're being careful to ensure we can provide a clean upgrade mechanism for users as we build new functionality and roll in important changes from the bitcoin source.

Rome wasn't built in a day.
Rome's architects didn't abandon it though...

That's an unfair and invalid argument ck - Coblee did a Satoshi for a number of personal reasons - he's around and reachable by the current team - but he doesn't have time to commit with the everyday dev.  We do talk with him when it comes to major changes or for brainstorming - but we also have scope to bring about change.
Gavin stepped in and did a great job of moving bitcoin forward - building upon a solid foundation and helping to turn it into what bitcoin currently is today.  Give us a chance to see if we can do the same for litecoin.

We're also looking to deal with a number of hostile actions by some who believe that btc should be the only coin.
In the past few months the blockchain & many of the pools have been attacked by those who believe it should be taken down - sadly it appears that one of the contributors to the bitcoin code also have it out for litecoin - which tarnishes the image of not just bitcoin but all cryptocoins. 
We've weathered these attacks pretty well I think - we've learned a lot and now in a more solid position to take Litecoin to a new level.

To be honest I had no idea anyone was still actively working on it. It certainly didn't look like it so I apologise. I also was not passing judgement on Coblee since it's too much for one person to shoulder. As for a bitcoin dev that attacks others? It's pretty obvious who that would be...  ::)

Funny how that one person brings all to the same side (opposite of him).



Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: 🏰 TradeFortress 🏰 on January 27, 2013, 06:12:09 AM
It is also worth noting that other projects are in development, but instead of "doing a BFL" by creating hype way before anything is even ready to be beta tested. It is best to ensure the projects are in a good enough working order before creating hype.

That way when they do get released, its ready to use. Which is best for the long term, instead of spoon feeding info now and again to cause pumps and dumps before anything is finalised.

The litecoin community learns all the great things bitcoin has brought to crypto community, and also litecoin will learn from bitcoins mistakes to make sure litecoin does not follow it like a deaf sheep.

As for bitcoins gold standard people keep giving it. Crypto-currencies are not a commodity, you cant make anything out of it, you cant eat it or drink it.

Crypto currencies are technically an Asset, much like a piece of art.

So its better to think of bitcoin as a Van Gogh and litecoin as a Picasso. Van Gogh will paint 21 million paintings and Picasso will paint over 80 million.
Just remember Van Gogh can be a little selfish and deaf when it comes to listening to his patrons requests, just like the bitcoin foundation. But Picasso is a totally different attitude, although some patrons will at first say it does not look like fine art at first glance with its crazy implementation, it does have an elegant beauty that will stand the test of time, and like the developers. Not afraid to learn new ways of doing things for the benefit of the patrons.

+84,000,000 LTC
Except most of the "other projects in development" are going to help Bitcoin and barely Litecoin.


Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: laSeek on January 27, 2013, 06:14:54 AM
Do you see any developers currently working on LTC? Any that have commit access to the official source that are working? Have the previous developers handed over responsibility to anyone they can trust? I put it to you that LTC development is in a very precarious state and these are questions anyone investing heavily in LTC needs to ask themselves.

There are new devs that now have commit access to the ltc repo.
Coblee is on-board with a few of us working on the code and rolling in updates - many of which are in test and we're aiming to start more regular release cycles of the client.
We're being careful to ensure we can provide a clean upgrade mechanism for users as we build new functionality and roll in important changes from the bitcoin source.

Rome wasn't built in a day.
Rome's architects didn't abandon it though...

That's an unfair and invalid argument ck - Coblee did a Satoshi for a number of personal reasons - he's around and reachable by the current team - but he doesn't have time to commit with the everyday dev.  We do talk with him when it comes to major changes or for brainstorming - but we also have scope to bring about change.
Gavin stepped in and did a great job of moving bitcoin forward - building upon a solid foundation and helping to turn it into what bitcoin currently is today.  Give us a chance to see if we can do the same for litecoin.

We're also looking to deal with a number of hostile actions by some who believe that btc should be the only coin.
In the past few months the blockchain & many of the pools have been attacked by those who believe it should be taken down - sadly it appears that one of the contributors to the bitcoin code also have it out for litecoin - which tarnishes the image of not just bitcoin but all cryptocoins. 
We've weathered these attacks pretty well I think - we've learned a lot and now in a more solid position to take Litecoin to a new level.

To be honest I had no idea anyone was still actively working on it. It certainly didn't look like it so I apologise. I also was not passing judgement on Coblee since it's too much for one person to shoulder. As for a bitcoin dev that attacks others? It's pretty obvious who that would be...  ::)

heh - it's good.

As for a bitcoin dev that attacks others? It's pretty obvious who that would be...  ::)

aye.. well.. umm... nuff said really :D


Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: smoothie on January 27, 2013, 06:18:39 AM
It is also worth noting that other projects are in development, but instead of "doing a BFL" by creating hype way before anything is even ready to be beta tested. It is best to ensure the projects are in a good enough working order before creating hype.

That way when they do get released, its ready to use. Which is best for the long term, instead of spoon feeding info now and again to cause pumps and dumps before anything is finalised.

The litecoin community learns all the great things bitcoin has brought to crypto community, and also litecoin will learn from bitcoins mistakes to make sure litecoin does not follow it like a deaf sheep.

As for bitcoins gold standard people keep giving it. Crypto-currencies are not a commodity, you cant make anything out of it, you cant eat it or drink it.

Crypto currencies are technically an Asset, much like a piece of art.

So its better to think of bitcoin as a Van Gogh and litecoin as a Picasso. Van Gogh will paint 21 million paintings and Picasso will paint over 80 million.
Just remember Van Gogh can be a little selfish and deaf when it comes to listening to his patrons requests, just like the bitcoin foundation. But Picasso is a totally different attitude, although some patrons will at first say it does not look like fine art at first glance with its crazy implementation, it does have an elegant beauty that will stand the test of time, and like the developers. Not afraid to learn new ways of doing things for the benefit of the patrons.

+84,000,000 LTC
Except most of the "other projects in development" are going to help Bitcoin and barely Litecoin.

And I'm sure you are all knowing of what is in development for Litecoin right?


Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: laSeek on January 27, 2013, 06:18:52 AM
It is also worth noting that other projects are in development, but instead of "doing a BFL" by creating hype way before anything is even ready to be beta tested. It is best to ensure the projects are in a good enough working order before creating hype.

That way when they do get released, its ready to use. Which is best for the long term, instead of spoon feeding info now and again to cause pumps and dumps before anything is finalised.

The litecoin community learns all the great things bitcoin has brought to crypto community, and also litecoin will learn from bitcoins mistakes to make sure litecoin does not follow it like a deaf sheep.

As for bitcoins gold standard people keep giving it. Crypto-currencies are not a commodity, you cant make anything out of it, you cant eat it or drink it.

Crypto currencies are technically an Asset, much like a piece of art.

So its better to think of bitcoin as a Van Gogh and litecoin as a Picasso. Van Gogh will paint 21 million paintings and Picasso will paint over 80 million.
Just remember Van Gogh can be a little selfish and deaf when it comes to listening to his patrons requests, just like the bitcoin foundation. But Picasso is a totally different attitude, although some patrons will at first say it does not look like fine art at first glance with its crazy implementation, it does have an elegant beauty that will stand the test of time, and like the developers. Not afraid to learn new ways of doing things for the benefit of the patrons.

+84,000,000 LTC
Except most of the "other projects in development" are going to help Bitcoin and barely Litecoin.

Unless you know the actual projects being developed - you have no idea to which coin they're targeted.  Frank is involved with several litecoin related projects.
Seriously - its ok to say "I don't know" - people actually respect you for for it.


Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: crazy_rabbit on January 27, 2013, 09:23:10 AM
Do you see any developers currently working on LTC? Any that have commit access to the official source that are working? Have the previous developers handed over responsibility to anyone they can trust? I put it to you that LTC development is in a very precarious state and these are questions anyone investing heavily in LTC needs to ask themselves.

+1


Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: smoothie on January 27, 2013, 09:25:41 AM
Do you see any developers currently working on LTC? Any that have commit access to the official source that are working? Have the previous developers handed over responsibility to anyone they can trust? I put it to you that LTC development is in a very precarious state and these are questions anyone investing heavily in LTC needs to ask themselves.

+1

-1 Did you even read the thread? lol


Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: 🏰 TradeFortress 🏰 on January 27, 2013, 02:04:12 PM
It is also worth noting that other projects are in development, but instead of "doing a BFL" by creating hype way before anything is even ready to be beta tested. It is best to ensure the projects are in a good enough working order before creating hype.

That way when they do get released, its ready to use. Which is best for the long term, instead of spoon feeding info now and again to cause pumps and dumps before anything is finalised.

The litecoin community learns all the great things bitcoin has brought to crypto community, and also litecoin will learn from bitcoins mistakes to make sure litecoin does not follow it like a deaf sheep.

As for bitcoins gold standard people keep giving it. Crypto-currencies are not a commodity, you cant make anything out of it, you cant eat it or drink it.

Crypto currencies are technically an Asset, much like a piece of art.

So its better to think of bitcoin as a Van Gogh and litecoin as a Picasso. Van Gogh will paint 21 million paintings and Picasso will paint over 80 million.
Just remember Van Gogh can be a little selfish and deaf when it comes to listening to his patrons requests, just like the bitcoin foundation. But Picasso is a totally different attitude, although some patrons will at first say it does not look like fine art at first glance with its crazy implementation, it does have an elegant beauty that will stand the test of time, and like the developers. Not afraid to learn new ways of doing things for the benefit of the patrons.

+84,000,000 LTC
Except most of the "other projects in development" are going to help Bitcoin and barely Litecoin.

And I'm sure you are all knowing of what is in development for Litecoin right?
I don't claim to be aware of everything, but there is definitely a massive "It is also worth noting that other projects are in development, but instead of "doing a BFL" by creating hype way before anything is even ready to be beta tested. It is best to ensure the projects are in a good enough working order before creating hype." project with tons of work put in it, and something *different* from blockchain/mining/etc :)


Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: laSeek on January 27, 2013, 05:18:00 PM
It is also worth noting that other projects are in development, but instead of "doing a BFL" by creating hype way before anything is even ready to be beta tested. It is best to ensure the projects are in a good enough working order before creating hype.

That way when they do get released, its ready to use. Which is best for the long term, instead of spoon feeding info now and again to cause pumps and dumps before anything is finalised.

The litecoin community learns all the great things bitcoin has brought to crypto community, and also litecoin will learn from bitcoins mistakes to make sure litecoin does not follow it like a deaf sheep.

As for bitcoins gold standard people keep giving it. Crypto-currencies are not a commodity, you cant make anything out of it, you cant eat it or drink it.

Crypto currencies are technically an Asset, much like a piece of art.

So its better to think of bitcoin as a Van Gogh and litecoin as a Picasso. Van Gogh will paint 21 million paintings and Picasso will paint over 80 million.
Just remember Van Gogh can be a little selfish and deaf when it comes to listening to his patrons requests, just like the bitcoin foundation. But Picasso is a totally different attitude, although some patrons will at first say it does not look like fine art at first glance with its crazy implementation, it does have an elegant beauty that will stand the test of time, and like the developers. Not afraid to learn new ways of doing things for the benefit of the patrons.

+84,000,000 LTC
Except most of the "other projects in development" are going to help Bitcoin and barely Litecoin.

And I'm sure you are all knowing of what is in development for Litecoin right?
I don't claim to be aware of everything, but there is definitely a massive "It is also worth noting that other projects are in development, but instead of "doing a BFL" by creating hype way before anything is even ready to be beta tested. It is best to ensure the projects are in a good enough working order before creating hype." project with tons of work put in it, and something *different* from blockchain/mining/etc :)

A coinbase isn't just about the blockchain or mining - in my mind, what makes a coinbase successful, is the community around it.  Having a diverse group of people interested in it, building projects, large or small, to use it or exploring how it can be applied to their own interests.
There are a few large scale projects being developed at the moment, there are lots of smaller projects being worked on - no one project will turn it around overnight - infact I hope there isn't one project that can make or break any coin.  Over reliance on one single entity is a path to failure in my mind.

On litecoin we've been working on a number of things in parallel:
We're working with the community to find out how they see it and what they'd like to see - not just with the blockchain and the client, but with the infrastructure around it. 
Do they get the support they need, are they seeing the projects & services around it that they want? 
Where they see it today and what they'd like to see from it tomorrow.  Are there the right kind of hooks - that allow them to try out their own ideas with it?
Meanwhile we've been building some of the things we feel are missing for the coin and building some components that allow others to integrate with it a little easier.

As a community - we're not going to get these things right all of the time - but we're trying to build things up in the right kind of way that we (a) have a measurable goal, (b) measure the effect of that goal, (c) learn from it.

The OP has his own agenda - which is cool and I respect his passion in trying to bring TRC mainstream.  What I object to is building contrived arguments against other coins just to further his own goals.  You don't build a good solid coin or a community behind it by throwing mud - you do it by being better. 



Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: smoothie on January 27, 2013, 05:24:23 PM
...
The OP has his own agenda - which is cool and I respect his passion in trying to bring TRC mainstream.  What I object to is building contrived arguments against other coins just to further his own goals.  You don't build a good solid coin or a community behind it by throwing mud - you do it by being better. 



Realsolid did this exact same thing.



Title: Re: Meteoric rise of BTC sucking life from Alt-Coins
Post by: crazy_rabbit on January 27, 2013, 05:29:11 PM
Except most of the "other projects in development" are going to help Bitcoin and barely Litecoin.

And I'm sure you are all knowing of what is in development for Litecoin right?


A coinbase isn't just about the blockchain or mining - in my mind, what makes a coinbase successful, is the community around it.  Having a diverse group of people interested in it, building projects, large or small, to use it or exploring how it can be applied to their own interests.
There are a few large scale projects being developed at the moment, there are lots of smaller projects being worked on - no one project will turn it around overnight - infact I hope there isn't one project that can make or break any coin.  Over reliance on one single entity is a path to failure in my mind.

On litecoin we've been working on a number of things in parallel:
We're working with the community to find out how they see it and what they'd like to see - not just with the blockchain and the client, but with the infrastructure around it.  
Do they get the support they need, are they seeing the projects & services around it that they want?  
Where they see it today and what they'd like to see from it tomorrow.  Are there the right kind of hooks - that allow them to try out their own ideas with it?
Meanwhile we've been building some of the things we feel are missing for the coin and building some components that allow others to integrate with it a little easier.

As a community - we're not going to get these things right all of the time - but we're trying to build things up in the right kind of way that we (a) have a measurable goal, (b) measure the effect of that goal, (c) learn from it.

The OP has his own agenda - which is cool and I respect his passion in trying to bring TRC mainstream.  What I object to is building contrived arguments against other coins just to further his own goals.  You don't build a good solid coin or a community behind it by throwing mud - you do it by being better.  

I honestly intend  *not* to be a mud thrower, and although I can't help when my comments are taken out of context, I think I do a very good job of informing potential readers that my comments are based on opinion, and that I am biased toward TRC.

Some of my opinions I know will be judged as incorrect and I respect that. I will try to make solid arguments why I feel the way I do, and I am certainly open to criticism to that. I sincerely believe the world doesn't need to be mono-coin and the success of Litecoin in no way I think tarnishes the success of any other coin.

I have been a big LTC supporter as well from the very beginning and any brief search of the forum will reveal that. I respect the LTC community as well and look forward to the future. :-)

EDIT: as a note the original purpose of this thread wasn't to speak about LTC, but rather the entire Alt-Community. I really do feel that the "gold rush" feeling going on in the BTC speculation boards is sucking up the more altruistic interests in cryptocurrency. If not sucking up, perhaps the number of new members with Gold-rush fever just starts to outnumber the discussion of those who are more philosophically involved.