What's impressive is that you guys seem to be ignoring any warnings of how the current valuation isn't justified by any margin.

The initial take off was due to Atlantis which has later been intensified by the Gox rumour. Before LTC was worth around a nickel. These prices were justified because of the circumstances back then, and now these circumstances are again very similar. There is no concrete use for Litecoin at this point, and when Bitcoin had the market cap of LTC in 2011 it had silkroad and a several legit merchants. All of which LTC now lacks.

We don't really need a chart thread here, anyway.
All it did was encourage circle jerks.

Quite simple, there is just so much scam people are willing to take. Nobody cares if you can construct an argument around it.

Get lost scammer.

Hash Crunching Idiots. -satoshi

I wouldn't want to buy Litecoins if there is no way to sell them. You just have to acknowledge a change of circumstances affects prices.

Atlantis gone for good means it's just another Bitcoin clone now, it had real potential for a while but what remains isn't worth the fuss.
The infamous mtgox adoption (which I still think was a april fools joke) becomes less and less relevant as gox is limping towards it's gave. There is a slim chance that they might get back into the land of the living again and continue with their plans. But that's doesn't justify a price of over $2 USD, or even above a Dollar.

Nice chart, thanks. It seem to follow natural exponential decay.

Hmm, what about:

http://en.wikipedia.org/wiki/Multivariate_stable_distribution
These loosely scattered trails on the top right of the median seem like they might fit.

The thing with PDFs is unless you understand the process and know which one to use it's always guesswork, but it might be "close enough"...

mtgox isn't dead yet it still has volume during volitale movements.

It's not dead until a) the spread reaches 50% or b) price movements stop generating volume.

I've been thinking, if you match the trails to a multivariate distribution you might get a better result for the median.

FYI over the course of 12 years, given a 4% annual inflation rate (officially it's much lower but say for the sake of argument) that compounds to 60%.
Even with 10% that would be "just" 214%, so even if you say that for some reason inflation starts to rise dramatically this can not account for anything. But to the contrary to libertarian doomsday preachers every evidence points to decreasing inflation rates, in some cases even deflation.
I've found no evidence which would suggest inflation rates above 10% in any sector, if you think you have some post it. But keep in mind, facts will be checked and wacko sites ignored.

You used to be fun. Too bad for you.

FYI in 2006 worldwide nuclear power generation was 0.93 TW and hydroelectric was 1.00 TW.

equilibrium at 0

Yeah, the good old FYGM.

Not as bad as a 80% crony tax on mining.

indeed

http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=frc-btc&market=vircurex

Notice anything?
LTC bashers have become very quiet and Ripple bashers will get even quieter.

If you listen carefully you can hear them grinding their teeth.

Bitcoins