If you're going to accurately compare Bitcoin and Litecoin, then look at the LTC/BTC exchange rate instead of comparing them both to USD, which is irrelevant to the comparison.
How is this so? If you want to know if Litecoin was a better investment compared to Bitcoin, then look at that exchange rate. Watching both of them move against the USD, and then trying to deduce from the two graphs which one moved faster is a process more prone to error compared to just looking at the relevant exchange rate. The reason no Litecoiners don't display this chart is because it's not nearly as compelling: http://cryptocoincharts.info/v2/pair/ltc/btc/btc-e/alltimeLitecoin started trading at 0.006 BTC and now, almost two years later, it's trading at... 0.008 BTC.
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Remember the days when bitcoin was down 93.08% from its all time high (closing price on June 8 2011 was $ 29.6 on Nov 18 2011 it was $ 2.049) If you're going to accurately compare Bitcoin and Litecoin, then look at the LTC/BTC exchange rate instead of comparing them both to USD, which is irrelevant to the comparison.
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can't sell bitcoin because low, can't buy it bcause out of fiat, cant buy or sell LTC for the same reasons
technically i am in the best position i think i can be in, not a damn thing to do
so why can't i sleep!? trying again....
Are all your coins safe in cold storage, so that you're sure you actually have them?
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isn't that what we want? we want the world on board, Do you want Mike Hearn's proposal to let miners vote to confiscate the block rewards of other miners, or mandatory blacklists?
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It's amazing it's so close. I suspect something about how the Moon was formed in the first place has something to do with it. The difference in energy is probably came from whatever hit the Earth hard enough to knock part of it up there in the first place.
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you clearly have not taken any cyber space physics classes all kinds of possibilities open up I was wrong anyway. The Earth has enough rotational energy to winch the Moon down to the surface. (21x10 28 vs 8x10 28 J) On the bright side, we'd have more hours in the day. Hey Justus, I just read your 'bitcoin is sedition' article and I wish to thank you, the best read in a while! And your analysis is very interesting! Thanks. I'm glad you liked it.
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Pretty sure plan would fail because moon has enough energy to stop the Earth from spinning, but I'd need to math to make sure.
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I wouldn't be surprised to learn that Coinbase now buys from BTCChina, instead of Stamp.
That would make a lot of sense.
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Once that goes away either transaction costs have to go way up or the system can be cheaply attacked. The transaction fee revenue needs to go up. Are you sure that increasing transaction fees is the only way to accomplish this? Does McDonalds achieve their revenue by selling a small number of expensive items, or do they try to sell a large number of inexpensive items?
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Whats up with all the 14 activity posters here telling everyone its over, pack your bags and go home?
It can't possibly because they want to buy more bitcoins at a lower price. They must really believe Bitcoin is a dead project, which is why they spend so much time hanging around on a Bitcoin forum.
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true, but who has a better chance at being right, mrE or me?
No clue. But do you disagree that if working correctly PoS would be better then PoW or no? This is OT to this thread anyways. Maybe a different thread is better. Your opinion on the subject is valuable. i don't really think so. if you go back thru the last 2d of postings btwn mrE, kodtycoon, and the rest of us POS naysayers, you'll see all the arguments as well as the paper posted by JR explaining why POS won't work. It's natural for people to want to get the properties Bitcoin provides without needing to expend the energy to produce proof of work, insofar as the desire to get something for nothing is completely natural and common to living things. Consider that the degree to which people are so desperately trying to avoid PoW is the exactly why we know PoW is a good solution to the problem.
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china on the rebound
i move to top bid.
i need more fiat this is ridiculous... fucking around with last remain 150$
thanks Sell the chair, take the proceeds and buy more bitcoins.
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Under those circumstances, yes he would be losing a fortune. Unrealized losses aren't real unless you make them real. Some people are just incredibly impatient.
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this catastrophic price movement (i am losing a fortune) The price now is what the price was in May, and about 4x what it was a year ago, and 40x what it was 2 years ago. What are you doing so wrong that you're losing a fortune under these circumstances?
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well, you know what they say...you borrow small, the bank owns you. you borrow big, you own the bank.
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must involve some sort of default. The great trap of humanity is to accept that the ruled should obey completely opposite standards compared to the rulers. It is the source of all evil and most suffering in the world, and it's everywhere. If unlimited borrowing with no thought of repayment followed by strategic default is acceptable behaviour for governments, and multinational corporations, and central banks, then it's acceptable behaviour for individuals too. If any of these agencies or their cronies want to contest the ethical nature of such a course, they can lead by example or GTFO.
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do students like being entrapped as debt slaves? Student loans are the escape route that looks like a trap. I'm in the middle of a blog post describing exactly how enterprising young people with access to them can use them in that exact manner.
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You've clearly missed the point. Bitcoin was not designed to be an extensible platform, it was designed to be a currency. The two can help each other. You're also missing the point. Incorporating new features into the Bitcoin ecosystem does not require changes to the Bitcoin protocol. Anything NXT can do, Open-Transactions can do using Bitcoin (or any other curency) as its basis, without requiring any kind of special token. We know they are the project that is actually trying to solve real problems instead of P&D their appcoin, because they don't have an appcoin. Also the fact that so many people flock to the appcoin P&D platforms instead of OT shows how much they are interested in solving real problem.
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But ignoring the advantages of these system IS short sighted... if not Nxt then something else! I for one will continue to hedge my bets and keep looking for the most awesome technology I can find. Investing in their appcoin is short sighted. Where they make genuine improvements, copy those improvements and add them to Bitcoin. Win-win for everybody, except the people who invest in the appcoins.
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