So this is now the easiest way to put some mess around money into Litecoin and all the other weird stuff that BTC-e accepts? Nice, kinda wondering why Bitinstant wouldn't support it by now...
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Could you run a mini-exchange with Litecoin and have the two bounce off of each other?
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^ Use something like Litecoin or Microbits, give out a few free with a register, then they cannot withdraw the coins on their end and explicitly have to give them to someone else? Not sure if the spam filters could take that much of a pounding, but I'm just throwing it on the wall.
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GET THE FUCK OUTTA MA THREAD YOU MOTHERFUCKERS we were talking about litecoin not any other currency, shitty or otherwise
Say Please? ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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Re: Solidcoin and reaper; ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.russellheimlich.com%2Fblog%2Fwp-content%2Fuploads%2F2009%2F08%2Fi-want-you-to-stop-whining.jpg&t=663&c=lHL1cTRrceCjtA) Now that we got that settled; Litecoin is the "other" cryptocurrency at this point, and I could see a future where it's used as an intercurrency exchange medium between established exchanges in order to keep price differences in Bitcoin viable to trade, so that eventually Litecoins are the ones going round in circles behind the scenes, while Bitcoins stay unconsolidated and a bearer of independant value. Litecoins make it possible to set up microexchanges at a low entry point, not having to s#it around with Dwolla for the unscrupulous types, and being a whole lot easier to come by for the average joe. Or as posited earlier, Litecoin may be adapt at microtransactions because you are still dealing with round numbers at minuscule levels of payment, people can get their hands on them easier, and numbers going up and down quickly make happier people than just watching interest compile. ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) How about a bank that you put BTC into, and it pays out compounded interest in Litecoin, so that you can feel like you are getting a better return than what you actually are? LTC becomes sort of a token system that you can then cash out on, without having to deal with crap-ass pizza. Hell, take the metaphor even further. Set up a swag shoppe with Giftcards and T-shirts and make LTC the de facto currency, offering to exchange BTC locally, and make bank off of the exchange.
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Whats the point of this ?
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fmy_sarisari_store.typepad.com%2Fphotos%2Funcategorized%2Fcock_fight.jpg&t=663&c=BZiRZUzf_5hntA)
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So, you're thinking of pulling enough free content together to develop a (multiple?) "degree-sized" calendar of study?
Also, Open University is not free, I think you may be thinking of Open Courseware?
Yeah, on both counts. Although it's more of a Gen Ed Credit scenario, where you have to take a certain prerequisite that you can test out of if you have a sufficient independent study base. A proper four year is a little out of my scale at the moment, but with Acadamia the way it is, who knows what happens next?
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So I'm looking at something like this ( https://bitcointalk.org/index.php?topic=70036.0) to aggregate content into something similar to a Curriculum that would allow the user to get the equivilent of a college course, complete with guidelines and schedules instead of just giving you the firehose of data. One of the ways of gathering the data is a Wiki, so I was thinking about if it was possible to develop a Wiki Crawler that gave out microbits or litecoins every time a significant and helpful edit was made to a page. YMMV on helpful, but it should probably have some sort of guidelines to prevent edit spam for run and profit.
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Any chance of Litecoin support being folded in or offered in a separate client?
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Would be nice if you could get a Bitcoin magnet/html link that could outbound to your client and prepopulate the address. Can someone work that into a Firefox/Chrome extension, maybe make it compatible with instawallet?
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So between iTunes U, Open University, the Khan Academy, and the entirety of the Internet, we have a lot of data to work with to smart ourselves with, but no real way to organize it into anything practical. I want to start a wiki or something in order to get all of these Podcasts and such into one place, not just to aggregate them together, but to get it sorted out to the point that you could get the equivalent of a Independent Study Credit, take a CLEP test, or otherwise skip out on a college course you would already know about. In short, the data's out there, and I think we should try and shape it into a decent curriculum, and I'm willing to start an instawallet and toss a couple Bitcoins/Litecoins if it wasn't a good enough idea as is. Edit: If we decide to go with a wikia, I got a sister concept that should be looked at as well. ( https://bitcointalk.org/index.php?topic=70067.0)
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Perhaps transactions below a certain value would be done with the lower value litecoins. Bitcoin may be reserved for higher value transactions.
There may come a day when bitcoins breach the $100 mark, and then something like a BigMac will cost B 0.05, which is kind of awkward. I'm sure there'll be a decimal shift or something to compensate, but I also think LTC will become the Silver to Bitoins Gold. Uh, for sure? Last time Bitcoin was a third of that, it collapsed under it's own weight and has been eking around the $2-5 mark. $100 seems lofty at best, but what do I know? Gonna play Devil here and bring up if Bitcoin is decided to subdivide it's wealth among more coins where .01 BTC is the new "Bitcoin" denomination when it reaches a ludicrous amount, Litecoin is up a creek if it wants to be tender as opposed to the speculation currency, especially if something like Gox bucks becomes the new form of tender. What to do if that happens?
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So, it's Bitchan? Wouldn't touch it with a ten foot pole, boards here are already too antagonistic.
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Litecoin is sort of like Bitcoin Pennies, so maybe it needs to find a niche where it can be a subdivision of wealth to an extremely small degree.
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What I like about the idea of using bitcoins with geocaching is that you can add a fun cryptic touch to an activity that already makes you feel like you're searching for treasure. For example, instead of the cache containing the key, you could have it contain a note that says something like "The Key is in the east". The participant might have to look exactly east and perhaps there's a prominant building directly east from the geocache, and the SHA256 hash of the building's name is the private key, or part of a private key. Stuff like that. It could get really creative and fun, I think.
Edit: As a sort of side note I've also been thinking about making a T-shirt that says something like "This t-shirt is worth 10 bitcoins" with a private key QR code on the back, and then see how long it takes for the account to get emptied.
Several players could be involved in this. The sponsor who offers the prize, two planters who plant the geocoins (could even be continents apart), and the two finders of the GeoCoins. That's at least 5 people involved. This shit ( no pun intended, for I'm on the throne while penning this post) has legs. ~Bruno~ .... >_> So, have a master lock on an account that requires multiple caches to unlock the price inside? Seems like it could go for years without being claimed, kind of like Ready Player One or something. Locked in a QR Code might be interesting though, would you just have it lead to an instawallet?
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Love Geocaching. Love Bitcoin. I see no problems here.
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Probably an artifact of using the EC2 cloud on the free tier, it doesn't so much stop dead as it spurts every once in a while.
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