The market currently values Novacoin at over double what Litecoin is, BTC0.01087 vs BTC0.0502.
Looks like LTC is a pre-mined dump coin on its way out, while Novacoin has a glorious path ahead of it!
Simple per unit price comparison is useless, USD is 100X more valuable than JPY, on a per unit basis. NVC's market cap is 1.5% of LTC |
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There should be a qualification limit, for example only coins that consistently have USD market cap of $1 million or more (and maintained it for 30 days or more) will have sub forum created for them.
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I would just like to thank SatoshiDice for making me realize I have a severe gambling problem, even though I had only visited casinos (local indian casinos, not Vegas) a few times in my life. I would also like to thank them for the downpayment on a new house for my parents  For how much?  I've had good luck on Dice over the last few weeks. After tonight I think I'm going to call it quits while I'm in the green at ~700 BTC. Would hate to lose it all back. Put 500 BTC in 50%!  YOLO |
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Pool fee will be increased to 4%. Due to the current hashrate etc and the fact that with math you should get 4x as much orphans as on btc, i cannot sustain a fee of 3%. Most day's all of the "profit" goes lost into orphan blocks. And this only got worse as the pool grew, up to 4min/block currently. I'm not doing this to "make more money", but to stop the pool from losing money.
Still too low, if you are paying for orphans and invalids, it should be 6% fee. 4% is good only if you are not paying for orphan/invalids. |
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I think 25 minute confirmation time is rather short, as we have 1 hour blocks nearly every day. You should make it one hour, it won't affect anything I think, as soon as 1st confirmation is made, you can make the site available to buy in again anyway.
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BitFunder PT has 11 times more shares than the BTCT PT. Supply and Demand. |
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I'll buy the private key for that address for 0.0005 BTC
How would this be possible? since you can't know if the previous owner really destroyed his copy of private key. |
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Hey,
Thanks for taking the time to alert us, we've updated it. Check it out and let us know if the issue has been fixed on your side.
Thanks, works great for me now. |
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New update. Check it out!
The timer display has problems on firefox. Hey, We've tried running the site on Firefox and had no issues. Please make sure your browser's updated or try viewing in an alternative browser. The timer looks like this on my machine, I suspect it's due to we have different system font size or something:  Making the iframe higher and wider would resolve the issue for me at least. May I ask what the zoom settings on your browser are? I'm at the default zoom on firefox, it works for me on chrome. On IE the height works, but width is still short. |
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New update. Check it out!
The timer display has problems on firefox. Hey, We've tried running the site on Firefox and had no issues. Please make sure your browser's updated or try viewing in an alternative browser. The timer looks like this on my machine, I suspect it's due to we have different system font size or something: Making the iframe higher and wider would resolve the issue for me at least. |
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New update. Check it out!
The timer display has problems on firefox. |
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You actually could use your USD anywhere in Europe, by simply exchanging them for EUR, pretty much same process as exchanging BTC for LTC. Actually BTC-E does exactly this, they can exchange your USD for EUR or your BTC for LTC.
You just proved my point. If I'm going to Europe I need to exchange my USD because the Euro is different than USD. I could exchange BTC for LTC or vice versa...but why? They do the exact same thing. I gain nothing from trading BTC for LTC except to maybe dump the LTC later or run back to BTC when Super-LTC gets released. Because they aren't the same thing? Try buy 1 share of LTC-GLOBAL with Bitcoin? you can't, you have to exchange BTC to LTC first, just like you have to exchange USD to EUR. |
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If there is no transaction limit, the majority of transactions will be generated by automated trading program, not human user. If there is a limit, the price of each transaction will go higher so that each one will plan their transaction more carefully, or create off chain transaction (which is the best solution IMO)
There is a difference between a flexible and growing transaction limit (that scales with computing resources), and no limit (that leaves it completely up to the miners whether to include free transactions or not). A growing limit is not the same as no limit. If you want a hard permanent transaction limit then you also want a permanent limit in the number of transactions that Bitcoin can EVER process, which will cripple it. So why do you want to cripple Bitcoin? bitcoins are divisible (so they can "scale"). Transactions aren't (so they can't). They are completely different "resources". You don't understand, the Bitcoin protocol isn't designed for massive amount of transactions, because all transaction has to be stored, the blockchain will grow exponentially in size. If we have 10X more transactions now, the chain size will be nearly a terabyte by end of next year. Also, huge block size makes it difficult for miners to download, because all miners have to download the new block, before they could continue to mine. I'd say Bitcoin by design, require at least one alt-coin to complement it. |
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Explain?
Sigh. One of (if not the) biggest draw of bitcoin is that the 21million hardcap prevents inflation. Whenever some script kiddie makes their own alt-coin it is a basic attempt to create inflation and devalue other coins. It's not like LTC has any physically unique properties that truly differentiates itself from bitcoin. There's more of them and the confirm "faster", but it's use is exactly the same. People are smart enough to realize that if any alt-coins actually become worth anything, they'll be playing a losing a game. Why buy bitcoin or anything else if some emo-kid can just make a new fork-coin and devalue what I have over and over? If you're worried about bitcoin, dump your LTC, buy some real coin and the world will be better for it. I don't understand the logic, crytocoins is not a zero sum game. What you are saying is there's Apple, Microsoft, IBM on nasdaq, and if we have a new company called Google, we are de-valuing all the other companies. That's a ridiculous logic. I'm saying it IS a zero sum game. When Microsoft competes against apple, they are producing new products that are better and better that people demand and will continue to consume. Even gold and silver have different physical properties that can be used which differentiate themselves from one another. LTC does the exact same thing as bitcoin. First LTC isn't the exact same thing as BTC, there are several significant differences, confirmation time, mining hardware requirement, block size and divisibility. Second, even things that are exact the same, can become non-zero sum game. Consider USD and EUR, they function exactly the same, fiat money to be used as legal tender, are they a zero sum game? more USD means less EURO? Your logic is still ridiculous. You're just proving that you haven't spent a lot of time thinking about this. The difference between USD and Euro, really? I need to explain this? I'm in Europe can I use USD just anywhere? Oh gee golly I can't. That means there's some sort of difference between the two. Also, they way the governments behind each backs/prints/controls/taxes/ect creates real differences. Those differences between LTC an BTC are so minor and really don't amount to much. Do we have some sort of divisibility issue with BTC? No, so whatever LTC divisibility there is is moot. Mining requirement? It'll be upgraded eventually just like BTC went through if it were to take off. The only one that I can see that has an edge is maybe confirmation time. But again, as soon as super-litecoin that is 5X faster then LTC is worthless and the whole thing dies. You actually could use your USD anywhere in Europe, by simply exchanging them for EUR, pretty much same process as exchanging BTC for LTC. Actually BTC-E does exactly this, they can exchange your USD for EUR or your BTC for LTC. |
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The worst part about Litecoin is not it's pointless technical differences but that it is essentially a ponzi scheme: Doomed to collapse, and rewards early adopters (who know it will fail). This explains why Litecoin fetishists are absolutely the most vocal segment of the board in promoting their alternate "cryptocurrency."
You realize what you said is actually more accurate describe Bitcoin? There's nearly no early Adopters in Litecoin, mining power was significant from day one, coin value has been quite stable from the start. While you're right that this is what people said about BTC, I do think it applies to LTC much more. The LTC folk got emo-sad they couldn't print their own money anymore so made a new coin to scam...er...encourage people to adopt. Do you think they have any sort of true belief in their idea? Of course not. If LTC picked up at all they'd dump, create a new coin and say "No, we're using this one now. It's so much FASTER!" No they foresaw a problem and created a possible solution, which is what I just proposed, LTC can easily solve the transaction spam problem that S.Dice is creating for the Bitcoin chain. |
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Explain?
Sigh. One of (if not the) biggest draw of bitcoin is that the 21million hardcap prevents inflation. Whenever some script kiddie makes their own alt-coin it is a basic attempt to create inflation and devalue other coins. It's not like LTC has any physically unique properties that truly differentiates itself from bitcoin. There's more of them and the confirm "faster", but it's use is exactly the same. People are smart enough to realize that if any alt-coins actually become worth anything, they'll be playing a losing a game. Why buy bitcoin or anything else if some emo-kid can just make a new fork-coin and devalue what I have over and over? If you're worried about bitcoin, dump your LTC, buy some real coin and the world will be better for it. I don't understand the logic, crytocoins is not a zero sum game. What you are saying is there's Apple, Microsoft, IBM on nasdaq, and if we have a new company called Google, we are de-valuing all the other companies. That's a ridiculous logic. I'm saying it IS a zero sum game. When Microsoft competes against apple, they are producing new products that are better and better that people demand and will continue to consume. Even gold and silver have different physical properties that can be used which differentiate themselves from one another. LTC does the exact same thing as bitcoin. First LTC isn't the exact same thing as BTC, there are several significant differences, confirmation time, mining hardware requirement, block size and divisibility. Second, even things that are exact the same, can become non-zero sum game. Consider USD and EUR, they function exactly the same, fiat money to be used as legal tender, are they a zero sum game? more USD means less EURO? Your logic is still ridiculous. |
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The worst part about Litecoin is not it's pointless technical differences but that it is essentially a ponzi scheme: Doomed to collapse, and rewards early adopters (who know it will fail). This explains why Litecoin fetishists are absolutely the most vocal segment of the board in promoting their alternate "cryptocurrency."
You realize what you said is actually more accurate describe Bitcoin? There's nearly no early Adopters in Litecoin, mining power was significant from day one, coin value has been quite stable from the start. |
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Explain?
Sigh. One of (if not the) biggest draw of bitcoin is that the 21million hardcap prevents inflation. Whenever some script kiddie makes their own alt-coin it is a basic attempt to create inflation and devalue other coins. It's not like LTC has any physically unique properties that truly differentiates itself from bitcoin. There's more of them and the confirm "faster", but it's use is exactly the same. People are smart enough to realize that if any alt-coins actually become worth anything, they'll be playing a losing a game. Why buy bitcoin or anything else if some emo-kid can just make a new fork-coin and devalue what I have over and over? If you're worried about bitcoin, dump your LTC, buy some real coin and the world will be better for it. I don't understand the logic, crytocoins is not a zero sum game. What you are saying is there's Apple, Microsoft, IBM etc.. on nasdaq, and if we have a new company called Google, we are de-valuing all the other companies. That's a ridiculous logic. |
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