haha. i actually haven't been actively day-trading ltc... i just bought 10k as a 'what the hell' investment a few months ago for all of 5 btc or so and just sat on it.

the thing is, even at ~100 btc's worth, i'm thinking maybe just sit on it and see what they're doing in another 3-6 months.

edit: hmmmm looking at the order book it seems selling 10k would cut the price right in half anyway. not much volume depth there.

Its better than a pirate deposit 

About $130 now for that pizza!

Prior to the recent insane jump in value of LTC on the market and the following incredible ramp up in difficulty, it has occurred to me that perhaps we need to think again about the idea of making Litecoin GPU resistant.

At the moment the incredible jump in value of LTC is in a purely speculative capacity, and the resulting number of miners with GPU's getting involved, threatens to destroy long-term "ownership" in the Coin as it will be come far more difficult to mine much faster then the user base expands.

At the moment, to be honest, LTC is in its infancy- there is virtually no infrastructure developed yet to enable true commerce using LTC, yet it's value is attracting so much hash power that it's fast becoming worthless to CPU mine- regardless of the fact that GPU mining on BTC is an order of magnitude greater, it can still be enough to make mining with a CPU impossible.

The reason why modifying the script to be GPU resistant would be important is that it is much easier to acquire substantial GPU hash power then it is to acquire CPU power (with the exception of bot-nets). Your average, even top end computer, will generally have max. 1 cpu chip (with multiple cores). While the same average computer can house many GPU cards. The barrier to multiplying ones CPU power vis-a-vis requiring a complete system to run a CPU is much higher then multiplying ones GPU power. With GPU'S  enterprising individuals can concentrate hashing power significantly and quite quickly.

It is my opinion that for LTC to serve as a functional alternative to BTC (and have a future as a functional currency in any capacity) it is important that vast numbers of individuals are able to contribute and participate meaningfully in the process of mining. While of course the answer that most people will first arrive at is 'the increase in power helps to secure the network against attacks' I believe there is a real danger that while securing the network against attacks we may be simultaneously walling LTC off from widespread adoption, and thus it's long term potential and usefulness as a currency.

Sent 

From the timekoin proposal, section 3: "This makes it non-feasible to join as many peers to the network as possible for currency creation because the amounts created are smaller than the expense it would take to maintain all the peer computers to create it." It sounds to me like the system is very similar to bitcoin's: the more people that make money, the harder it becomes. I don't know what underlying process is used for the mining though since there isn't any detail.

With encoin/decrits it has always been about the more people that want to mine, the more coins will be created. Thus avoiding potential currency cartels and manipulation. So I don't really see any similarities. Plus he wants to use 1,536 bit RSA which means bandwidth usage will be ridiculous, while with encoin I have repeatedly come up with ideas to make transactions and overall data usage as miniscule as possible to allow the system to scale much easier for the future.

So much scamming going on mate. Lost £100 and 36500LTC so far.

My guess is that there will be a small decrease in price due to bad press about Bitcoin in general.

https://bitcoinfunding.com/projects/litecoin-stock-exchange1/273  I listed this on bitcoinfunding.com

Any amount raised go towards development and hosting.

Looks like no one else bid

I'm actually gonna stop mining litecoins on the gpu's.

I would make around 138.484 LTC a day = 0.34759 BTC a day at the exchange.  0.34759 x 7 = 2.43313 BTC a week. When I mine bitcoins, I make    3.12 a week.

As stated this was a test and it isn't worth mining litecoins atm. And I have learned quite a bit by this experience. So it wasn't a waste.

Ja¥1337, why are you acting like a cheerleader for litecoin? seeing that your account has 14 posts, and all of them are pro litecoin, i'm thinking it's a puppet account.

Under what circumstances would BTC need a backup?

Say merchant xyz wanted to accept crypto-currency.  Why would they choose LTC over BTC?

The reality is they wouldn't which is why LTC has no value.

WooHoo Yes!!!!!!!

Ok, I deleted the bins so it would compile again. I forgot to do that and well this is what I'm using and everything seems to be gravey except desktop lag which I'll change the aggression. Also, I am receiving 100% utilization on both my gpu's.

litecoin.conf

reaper.conf