I have to admit though that the market disagrees with me. Litecoin is being valued by the market. It's valued around 1/20th of bitcoin. All things being equal this will probably continue in the future.
I don't see the practical use yet though. Maybe Litecoin will be needed for smaller transactions? (if bitcoin indeed allows smaller transactions less and less over time)
It probably will stay efficient to run on retail hardware for a long time, transaction confirmation time isn't really relevant unless it is magnitudes shorter. |
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Yeah that seems to be the place where this supernode crap is supposed to take place http://www.flickr.com/photos/nipodemus/6117120551/in/photostreamSo far pretty consistent, but it sure smells like it was placed there to further the story. Maybe we shall try to contact Mads Brügger and ask him out.. but then I doubt he is willing to blow his cover. |
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It's not concerning but expected.
Why is that? I just expect it. Still nothing is certain. The picture above, especially the "final capitulation" seems so final, as if Bitcoin wouldn't recover or proceed to higher highs after that. The final capitulation seems so final, yeah that certainly makes sense.  |
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It's not concerning but expected.
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link to original image pls
It's also here, might be relevant I suspect rpietila could be Mads Brügger. " Mads Brügger (1972) is a Danish journalist, TV-host, author and filmmaker. He has written several books, worked for magazines and newspapers, produced award winning radio programmes and hosted the critically acclaimed late night TV-programme The 11th hour as well as the daily news/debate programme Deadline. Furthermore, he has created satirical docu-series as Danes for Bush (2004) and the feature-length documentary, The Red Chapel (winner at Nordisk Panorama 2009 & Sundance 2010). Brügger is reknown for his distinctive methods of “performative journalism” as he infiltrates various milieus."  http://theambassador.dk/Goat be careful if he wants to film you transfering the BTC's in public.  |
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You guys never miss out on a trolling opportunity do you?
That looks like you took the ED "nigger" article as a template to write the blog post, such an obvious flame bait.
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There are unlimited supply of fiat. ... so there is not a choice ... (I will hold bitcoin)
Unlimited does not imply infinite. And there is are unlimited possible alternatives to Bitcoin. You are true, but odds are near to zero. The odds of infinite fiat supply are exactly 0. explain: "The odds of infinite fiat supply are exactly 0." ... stop at quadrilion limits (10e15) That's arbitrary. Stalemate.  quadrillion (10e15) is not infinite (far far ... from infinite) but also far far from "unlimited" :-) GREEN TEAM WILL WINI hereby propose the creation of one quadrillion bitcoin alternatives. There are certain games in which playing for a stalemate is always successful. This is one.  There is not single one alternative. If you are able to create 2 (quadrillion ?) then No Problem and you are welcome. Right now there are 7,083,509,969 possible alternatives. Satoshi is just 1. Practical alternatives right now: XRP and LTC |
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There are unlimited supply of fiat. ... so there is not a choice ... (I will hold bitcoin)
Unlimited does not imply infinite. And there is are unlimited possible alternatives to Bitcoin. You are true, but odds are near to zero. The odds of infinite fiat supply are exactly 0. explain: "The odds of infinite fiat supply are exactly 0." ... stop at quadrilion limits (10e15) That's arbitrary. Stalemate. quadrillion (10e15) is not infinite (far far ... from infinite) but also far far from "unlimited" :-) GREEN TEAM WILL WINI hereby propose the creation of one quadrillion bitcoin alternatives. There are certain games in which playing for a stalemate is always successful. This is one. |
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There are unlimited supply of fiat. ... so there is not a choice ... (I will hold bitcoin)
Unlimited does not imply infinite. And there is are unlimited possible alternatives to Bitcoin. You are true, but odds are near to zero. The odds of infinite fiat supply are exactly 0. explain: "The odds of infinite fiat supply are exactly 0." ... stop at quadrilion limits (10e15) That's arbitrary. Stalemate. |
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There are unlimited supply of fiat. ... so there is not a choice ... (I will hold bitcoin)
Unlimited does not imply infinite. And there is are unlimited possible alternatives to Bitcoin. You are true, but odds are near to zero. The odds of infinite fiat supply are exactly 0. The refutation of the "Hyperinflation is a necessary outcome theory": Remittance of debt. |
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There are unlimited supply of fiat. ... so there is not a choice ... (I will hold bitcoin)
Unlimited does not imply infinite. And there is are unlimited possible alternatives to Bitcoin. |
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For a real contender, if it works as advertised, look at Ripple.
So how many RippleCoins do you own?  Wish I could short this thing. I'll lend you my 50k if you pay a decent interest. |
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Ripple is a joke, please do not compare it to Litecoin, it really just makes you look clueless: http://ripplescam.org/Litecoin provides real value and will ride BTC all they way to the top. Ripple will be gone in a year or two. Its a bad idea that nobody needs. What a bunch of crap. |
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i can see it consolidating around $90-$130 for months.
Man, if Smoothie is turning bearish is really time to get greedy and buy buy buy Seriously, I'd expect a decline to at least $70ish - I don't think we will break $50, and if we do it will be only for a few moments. Anyhow, I prepared myself for this situation, meaning that I'm prepared and eager to buy all the way down. There is a huge difference compared to 2011, and its that now everybody knows that Bitcoin is here to stay, and the point is when we will have the next "bubble cycle". Thus, I expect the bottom to be much higher compared to 2011 standards, when a lot of people really turned their back on BTC. Come on guys, we are all just speculating about how cheap we can get our coins - everything around BTC is REALLY bullish ATM, no matter how deep is the correction of the parabolic growth from $14 to $266 all the world have just witnessed. Consolidating =/= Bearish lol wow epic fail there haha Yeah that scenario is the only bullish one which does make sense. Think of last years pirate crunch. |
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A second factor is the Feathercoin hype is over.
That's a shame. I find it really funny when Litecoin's advocates say to Feathercoin's users "But it brings nothing new! It's just hype!" Well it's kind of what IXcoin or IOCoin was in that respect. I wouldn't be surprised if it ends up as a merged chain into LTC, I am not against it but I don't think it's gonna join the club of major coins. PPCoin and Novacoin probably have better prospects of staying independent coins than Feathercoin. |
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I told you XRP gonna take off.
1 BTC is currently worth between 8750 and 5000 XRP. No end in sight....
Not today Hopefully |
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btc-e - mtgox spread is rising again.
It seems it was a large investor in it to withdraw the coins from the market, he doesn't seem as sure of himself anymore since the picture is kinda bearish right now.
If I am right we shall have parity again after the bottom.
A second factor is the Feathercoin hype is over.
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I think that Ripple is here to stay and it has a bright future. Though probably XRP is a bit overpriced currently, but they don't claim it to be a store of value anyway, they say it is just the means to prevent transaction spam, so its price doesn't really mean anything (I expect it to fluctuate a lot due to giveaways, media attention, technical problems, etc).
XRP is as "overpriced" as BTC was in early 2011 when it went to almost dollar parity. |
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I told you XRP gonna take off.
1 BTC is currently worth between 8750 and 5000 XRP. No end in sight....
And the argument is? It doesn't matter if the vast majority of it is in the hands of opencoin, it's the same effect with BTC/LTC/Whatevercoin and early miners. And since it is truly deflationary it will replace BTC as a speculative asset. Added to this is it is professionally implemented, fully accessible in the web-browser. That goes a long way in our times. And most importantly it's gonna stay valuable even when Bitcoin plunges to irrelevancy since it neither based on it's source code nor a 'coin' as such. |
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