Ugh, how many of these bloody threads do we need!! If the mods in this place were chosen for their mod skills rather than their trolling ability we'd just consolidate the million other threads on this subject into one, like any other normal forum would.
Why do people get so pissy about threads? I can understand getting mad about an asshole cutting you off on the road but a thread on a FORUM!?!?!?!?! OMG it's the end of the world.   |
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1. BS&T and PPT will forever (if they still exist years from now) decrease interest rate payments due to the rising demand for bitcoins, the rising difficulty to mine bitcoins, and the block halving every 4 years (one upcoming soon).
2. Pirate trading with customer funds makes him somewhat of a "money manager" which the last time I checked you need to be licensed to do that sort of thing. Then again with bitcoin, the law is hazy.
3. People trusting Pirate with their bitcoins without expecting pirate to truly reveal his identity (personal information/contact information) is shady. Now now, meeting up in Vegas isn't much more than a stunt to keep people "comfortable" with investing with him.
4. With Pirate being in Vegas and interest payments being cut in half just about and another round of payments coming up shortly, isn't the the market oddly quiet? I think this confirms what we know based on market movements that he is a big player in the bitcoin market of trading.
5. At some point the gig will be up. There is a threshold coming soon (no predictions) that will likely force Pirate to return everyone's funds (if he can) or run with everyone's funds.
6. If I'm going to "gamble" or trade with my money and possibly lose...i would rather lose because I bought or sold at the wrong time than to have someone else (i.e. Pirate) do it for me and lose it.
Feel free to add below.
Don't be surprised if PPT/Pirate/BS&T joins the names like MyBitcoin.com and Bitcoinica.
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BTW I am not saying Litecoin is bad or not bad. I am saying that it is not inspiring.
Please define "inspiring". |
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Many will not like what I have to say. So I just suggest to take it easy, it is just one man opinion that could be just wrong. Watch this http://www.youtube.com/watch?v=qp0HIF3SfI4 Then ask yourself WHY Bitcoin is here. It is here to give honest money to the humanity. That is the great idea of Bitcoin which inspires large number of very motivated and talented people. WHAT is litecoin? It is just a "me too" attempt motivated IMO to large degree by greed and hubris. Now let's get back to the question: What's most needed for Litecoin to be successful? The answer is simple. Litecoin to be successful needs an inspiring purpose. What is the purpose of Litecoin? Another set of "early adopters"? I hear you Vladimir. I just think having alternatives isn't a BAD thing to have or even try. I still consider bitcoin as an experiment...hence then litecoin is just another bitcoin-like experiment. |
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I like Litecoin and everything, but the current price is just WAY too high. A few hundred bucks worth of BTC is all that's keeping the house of cards that is the order book up above .003.
^ THIS +1 Price is waaay too high. |
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Litecoin = copied experiment
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I tend to think so.
No services, no merchants....lots of miners.
Edit: I don't believe it is a "scam". It is a developing alternate cryptocurrency.
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Thank you for your support.
I don't support the project. I consider it dead or on life support. I know, and maybe that's why you criticize it (yes, I'm naive, some other people would say you missed the early adopter period and can't do speculation now with merged mining). But it is not dead and slowly acquiring new features. We lack a lot of things to become more popular : - guys who know how to make buzz, communication (I'm far from good at this, any volunteer ?) - a software ready for end users (GUI, installer, etc) - speaking about the project where is it useful (no, domain names are not the only goal) It's not because there is not as much people as in bitcoin that the project is dead. If everybody think like that, people wouldn't start new things, take part in the project and would be discouraged by people like you. What will arrive next is : - a support for tor domains - an integrated web search engine for namespaces - NamecoinBundle with namecoin+nmcontrol So, people, come and test Namecoin ! Khal it isn't criticism if it is truth. One who takes truth as criticism is blinded by their own victim-mentality. Anyone who is trying to setup a domain name (of any usefulness) will likely fail unless they pay the "early adopters" handsomely for them to move their fat ass from squatting and taking a huge dump on the good domain names. Most of the good ones were taken well over a year ago (I know I looked). Now it costs less than nothing for domain squatters to keep them indefinitely for pennies on the renewal. So much for DECENTRALIZATION when all the domains are centralized between a few people. Good fucking job. |
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lol smoothie is such a little girl. Great work on this project im going to try it out
Hey Mr. 15 (soon to be 16) post JR MEMBER! If i'm a little girl, then you must be a FAT BASTARD lol  |
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Quite possibly if your only interest in decentralized DNS is as a speculative thing to see if you can make a buck on a name you don't even want, the project is 'dead'.
For the rest of us, who support Namecoin because it takes control of our Internet services in the same way that Bitcoin takes control of our money, it's alive and well.
Well said. Smoothie is just one of those guys from the get-rich-quick-gang. Don't mind him. Yes I am. And I admit it. But can you admit to being part of the SoiledCoin/ShortBusCoin crowd? lol |
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I hope not. The best thing that could happen is months long stability around $8.
i agree a good 6 months at 8 would be excellent anyway if you buy at 8.90 or 8$ it wont make much diff once we break 100$ ... in about 17.52364 months. UP UP UP Bitcoin Speed!Oh god not him.......... "The only way it can go is UP UP UP!" |
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I agree with proudhon, stability in the price is what counts (i.e. we build a base on pricing over time, not skyrocketing too the moon in terms of price...).
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It has finished propagating. No moar butterflies ^^
I see My Site This is my site description. and a butterfly. Dude you should start "butterfly forums"..........then make LTC ASICs that will cost a ton to make...... hehehehehe |
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I hope not. The best thing that could happen is months long stability around $8.
Sorry, proudhon I think your wish won't be granted. Bids above 5 moved to approx 1.5 million today from approx 1 million, so it looks like buying pressure is returning... You cant gauge market direction from the order book alone. The orders can be cancelled at a moment's notice. |
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I agree, $10 seems very near with the daily buys we've been seeing.
Perhaps its does it $10...based on what? Speculation? Well speculation is fun when you're making bank. |
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^ +1 LOL!!!!!!!!!!!!!!!!!!!!!!
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Which involves a double spend...that's the whole point of a 51% attack....
Someone is going to lose some BTC/USD....
You don't have to double spend if you don't want to. You can just run off with your extended lower difficulty chain and invalidate all the mined blocks/transactions in those blocks on the original chain. You can keep an eye on whether or not the chain has been forked by looking at the debug.log file -- you'll see it as "REORGANIZE" there. Oh...wow i learned something else. Thanks tacotime. |
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Gotta love the butterfly! |
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If that's your goal BCX, then why don't you use your resources to put up a bounty for proof-of-stake (or similar) instead? Why try to destroy something?
My goal isn't to destroy Litecoin, My goal has been clear from the start, to perform a successful 51% attack and nothing more. Which involves a double spend...that's the whole point of a 51% attack.... Someone is going to lose some BTC/USD.... |
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