Who cares.. at least some development is willing to be put into it.. conman is a man of his word.. he will work on it right away i am sure.

I know your selling a lot of stuff to promote litecoin.. but this is another way that brings money into litecoin.

You can't argue with that. I'm not hating on litecoin. The market cap on litecoin is fantastically successful. I can't wait until someone buys pizza with it! CPUs are here forever and computers will never change! Litecoin is AWESOME!!!!

well, when we get to 100btc, then conman will have to answer that, did you donate?

Namecoin has no central authority (it is its aim), so, of course there are squatters. Do they annoy you ?


You can also participate in those topics if you have some constructive ideas about a "right" name price :
- Registering is too cheap
- Increasing the size of the value field

You're forgetting that they are hardware manufacturers that are developing hardware (not just software) for a relatively unpredictable market.
If they were to keep it all a "secret" and just mine themselves, they'd be shooting themselves in the feet.
Why?

If they were to, they start mining like crazy. They, single handedly, raise the difficulty level. Sure, they get some marginal profits initially, but because no one else owns this technology or "secret" - they won't be able to make any SIGNIFICANT money for themselves. Because who knows?  Their bitcoins after their shenangains might not be worth anywhere near as much as their investment into the technology to begin with if difficulty for mining shoots up, no one can mine for bitcoin, prices may or may not change drastically, mining would either stop or halt because this HUGE unknown is pouring out hundreds of Th/s of hash from their "secret" ASIC farms and no one else can hold a candle to it. I mean, this is hypothetical but I cannot see how far off it would be one "group/individual" were to just suddenly be pulling Th/s out of thin air with no one else to compete.

They're making a much larger and SOLID profit by selling the hardware. Bitcoin could flourish in their favor, but it could completely bomb too and they would never recuperate their own ROI on dev. Their profit on most the hardware initially will be full proof. Their selling hardware for profit, not creating hardware for themselves to hypothetically make money on an unpredictable market.

Just after the news that BFL ASIC is coming

ASIC miners will increase the whole network hashing power a lot (so does difficulty), this will dramatically reduce the availability for BTC for average person, so either they invest in ASIC miner or use those money to buy BTC now

Probably few squatters but squatting many domains.

-MarkM-

Myspace was a service not a commodity. Wrong analogy. If Myspace had launched an IPO and took their business model seriously, there may never have been a FaceBook IPO.

The problem isn't with litecoin, it's the fact that no cryptocurrency will replace Bitcoin. It will take a monumental leap in usefulness to oust Bitcoin. Even if a billionaire were to build custom designed chips for litecoin and get every bank in America to become miners for litecoin, Bitcoin would grow faster in popularity because it is the original. It is the Levis Jeans, the Coca-cola, the Ford-don't-need-no-bailout, of original crypcoin. Litecoin will always be Pepsi at best.

Wishful thinking my friend.

Bitcoin miners fall into 2 groups, hoarders or dumpers.
There is a fixed income of BTC for miners regardless of the hash power of amount of miners.
This just means we will have more miners selling the same amount of bitcoins monthly but less per miner.

For the price to go up there needs to be a demand from the buyers not the sellers (miners).

I personally hope that the difficulty skyrockets so high that no one including that abohrent company of Big Fucking Liars can make a profit and mining becomes purely altruistic .

The naysayers still have yet to present any real arguments against Litecoin other than "Bitcoin is just as good and works."

If there's no panic(or bubble, or special events), it will gradually forces the price higher. You'll not see a big difference on a small period, but on a longer period, it will affect the price.

It will probably cause a bunch of miners to lose their profitability, and my guess is that some will quit the market. If miners quit the market, it will force the difficulty down, giving more Bitcoins to those who stay, helping them stay profitable.

But it could also create a panic. "Oh my god, there's going to be less Bitcoins, let's buy them!" sort of thing. In that case, well, everything can happen.

My call? My entire being except my instinct tells me that there will be no panic. My instinct tells me that people are going to freak out and create Bitcoin Bubble 2.

LTC had it's day, and it was almost literally a day.  RIP LTC.

Not quite. There are a couple of vulnerabilities in Litecoin that can be used as soon as they're disclosed. I don't think they can be used in a legal manner (without permission from the targets), though. Would be nice to see real-world effects of one of them being exploited, so I'm hoping the Litecoin dev team and some volunteer users can agree on a specific day to do this.

Not quite "plain old mining", since I only accepted huge transaction fees. And it didn't use the pool users.

News at 11

Luke Jr. can't take down LTC so he 51% attacks a new GPU currency