Litecoins aren't going anywhere and you are now repeating the same arguments because you've got nothing left to cling to but false hope. When they hit one dollar, you are going to see an epic bull rush. Mark my words  

Litecoin doesn't have to be 'better' to have value. You're fighting a losing battle with this argument because Litecoin has simply gained too much traction now. Too many people have decided to give it value and it's trending upwards massively in google searches.

You're peddling the same anti-Litecoin arguments that people would use against Bitcoin when it was in it's infancy at 50 cents.

The free markets will decide Litecoin's value. 

I can see some on the front page now 7% higher than the spot price. Shop around. You'll always pay more than the mtgox rate on there though.

Yeah this affects Bitcoin too.

Nice one. 

Litecoin has gained too much traction to disappear now. It's many times bigger than all the other alternate currencies put together. Too many services are being built around Litecoin for it to plummet in value. Trust me when I say this, Litecoin is currently underpriced... you'll see in the next 3 months.

I also see PPCoin having a promising future too, with it's innovations and energy saving premise. Plus even better, it's developer Sunnyking is very talented and highly active in it's development. He even fixes vulnerabilities he finds in other coins (e.g. Terracoin).

You might find it easier to simply buy Bitcoins and then buy the Litecoins with Bitcoins from btc-e.com

Try localbitcoins.com. They are great for small amounts and you can even do escrow.

There is no obvious pattern, such as LTC tending to follow BTC inversely. I've seen all manner of behaviour in the last few weeks.

I think Bitcoin has simply gained too much traction in the last month now to stop snowballing. It feels like we've hit critical mass. Surely you've noticed whenever the price dips it rebounds back up within hours. That is a very good sign.

What sealed it for me was when Bitcoin forked and the price recovered so quick.

I predict a slightly bearish weekend, especially since it's easter and banks will be closed. Come Tuesday, I expect Bitcoin to come exploding out of the gates.

At some point Bitcoin is going to enter into bubble territory. I'll worry about that in a few months time.

I follow the LTC market daily and this is completely wrong. I've seen them both drop heavily together and I've also seen Bitcoin drop sharply and Litecoin didn't budge a single cent. And guess what I've also seen Bitcoin shoot up and Litecoin drop like a rock. The relationship is complicated.

Nice work. 

What was the difficulty like in the first month? How many coins were being generated?

Attention everyone! This is why PPCoin is in very good hands with Sunny as the lead developer.

I think that would hold true if a Litecoin was identical to a Bitcoin. But Litecoin has properties that give it an advantage over Bitcoin (fairer mining, faster confirmations). So 1 LTC = 0.25BTC may not be the eventual outcome. Of course, I don't hold a crystal ball and can only speculate like anyone else... time will tell

A lot of what you're saying in your responses is focusing on word play/ semantics. For example, when I say Litecoins are considerably more ASIC resistant, you are trying to interpreting that literally as me saying it's not possible to build a chip to solve the hash. I don't know if you're trolling or not, but obviously you can build a chip to run any conventional algorithm. The point is how much of an advantage that chip gives you over miners who can only afford gpus or miners who just want to use their desktop computer to get some extra coins. Bitcoin ASIC's give the holders an enormous advantage over non-holders, with Litecoin unless a computer science breakthrough occurs there will be no similar devices which afford the users ridiculous computational advantages.

You're saying faster confirmations aren't an advantage because of the trade off of 'security'. I'm not noticing any security issues with Litecoin and I don't see anyone else complaining and hundreds of thousands are traded everyday. All I am noticing is my transactions don't take an hour to confirm 

LOL at saying no Litecoins aren't an evolution they are a MUTATION. Ok buddy, I will let you keep on arguing that lol. Fact of the matter is Litecoins use a different algorithm which has benefits and have faster confirmations which also gives benefits. Really not seeing how they are identical. Do you realise if two things have differences they can't be the same? Do you think gold and silver are identical because they are both made from metal?

About early adoption, according to you if I invest in Apple stock today I am still an early adopter. It's pointless debating it, because it's a matter of opinion what is early. All we can say for sure is, getting in at 50 cents is a hell of a lot earlier than getting in for 88 dollars. Let's asume the high point of bitcoins and litecoins will be one thousand dollars. What sounds better, a 1,000% return on investment or a 20,000% return on investment? (mental maths there so approximate figures)

My last point, I said: Litecoins are provably scarce and people are giving them value and creating services around them... at the end of the day that's all that matters.

 


No. The Scrypt algorithm was designed so that it is difficult to efficiently parallel compute it. In fact it will take a computer science breakthrough to accomplish this. See the wikipedia page on scrypt - http://en.wikipedia.org/wiki/Scrypt. Sure GPU's and FGPAs will give an advantage, but it will never be dramatic due to memory constraints of the algorithm. This has been well discussed on this forum.


Not misleading, it is faster. I see no-one complaining about security problems and hundreds of thousands of litecoins get traded everyday.


It's not a 'copy' it's an evolution. Competition being good for markets is simple econ 101. http://en.wikipedia.org/wiki/Competition_(economics)


Come on man... Bitcoins are going for almost $90 a coin. It's all relative, subjective, opinion etc but I think most people would prefer to be an early adopter who got in at under a dollar compared to an 'early adopter' who got in at almost 100 dollars.


Except I don't argue anywhere in my post that scarcity alone is an argument for value. Re-read what I typed out. Or I can bolden certain words you have missed.

Roughly 4 times as many, 84 million.

Interesting. Shame it was 51% attacked, let the free market forces decide is what I say. That said it's a cheap clone so I can't see it gaining traction regardless... particularly with a playful name like BBQCoin.

Also, what distinguishes BBQcoin from Bitcoin and the other alt currencies?

Are you in talks with btc-e or another exchange like vircurex? I've always wondered how new coins transition from being mine-only to suddenly popping up on exchanges.