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41  Alternate cryptocurrencies / Altcoin Discussion / Re: FTC to go into "dead cat bounce" on: May 06, 2013, 07:25:03 PM
This is my best prediction. We will see if it matches reality.

However, after the bounce is over, I think it will slowly gain value.

I predict not, so between us, we'll have covered the future 100% accurately.

.b

I predict the world will end before either case

I predict a Dyson sphere will be built around the sun before the world ends.
42  Alternate cryptocurrencies / Altcoin Discussion / Re: Cryptocoins = cryptos. *stop saying cryptocoins* on: May 06, 2013, 07:23:03 PM
You're all a bunch of nerds.

agreed, including you Grin

True...
43  Alternate cryptocurrencies / Altcoin Discussion / Re: FTC to go into "dead cat bounce" on: May 06, 2013, 06:55:45 PM
However, after the bounce is over, I think it will slowly gain value.

It's not a dead cat bounce then.

Well if someone invents better cryptos by then, maybe it will be a real dead cat bounce.
44  Alternate cryptocurrencies / Altcoin Discussion / Re: Will FTC die ? on: May 06, 2013, 06:54:58 PM

Hmm... you might be right. The name is slightly irritating to me but you are possibly correct. Even if it somewhat dies, it could be resurrected one day in the spirit of environmentalism.

I don't know if you heard, but the Free Market launches early June, a drug market ala Silk Road/Atlantis. They've only announced they will accept BTC/LTC/PPC. Depending on it's success I could see Atlantis or Silk Road possibly accepting others. In short I don't see PPC dying out anytime soon, and if it does I don't know if it would be the coin that people choose for POS over another one that might come.

The problem with PPC is I think it might only slowly gain value like Namecoin.
45  Alternate cryptocurrencies / Altcoin Discussion / Re: Which coins are not scams? on: May 06, 2013, 06:52:02 PM
3.PPCoin
4. Feathercoin

PPC is major scam. FTC is major scam. I guess you never heard of blockchain, where block times are written and one can find out number of coins mined per day.

Bitcoin is the only non-scam coin.

They're not scams... they have real value. Just not as much value as Bitcoin or Litecoin.
46  Alternate cryptocurrencies / Altcoin Discussion / Re: Will FTC die ? on: May 06, 2013, 06:50:22 PM
When a GOXed LTC goes for 10-20$ a piece, as it should be, then the need for a 1$ -2$ scrypt coin will become apparent.

It seems like everyone is expecting LTC to rise dramatically when it hits MtGox, which is exactly why it won't happen.

Contrarians make money in this game, not the ones following the herd.

Everyone said CNC price would peak as soon as it hit BTC-E or Vicurex and it did.

Do you realize how many people only follow bitcoins/mt gox? The price will rise dramatically when it hits Mtgox.. even if temporarily.

I predict Litecoins will go up to Bitcoin price / 8, and then go down shortly after.

I would say that's a good ballpark.

I hope they add PPCoins too.

I hope they don't for a very long time. Too many alternate currencies would scare investors away from cryptos in general.

I agree, but I don't think 3 vs. 2 is pushing it that much,  PPC is a real alt coin. Any coin that has a drug market and real services using it make it in my book.

Hmm... you might be right. The name is slightly irritating to me but you are possibly correct. Even if it somewhat dies, it could be resurrected one day in the spirit of environmentalism.
47  Alternate cryptocurrencies / Altcoin Discussion / Cryptocoins = cryptos. *stop saying cryptocoins* on: May 06, 2013, 06:47:09 PM
We need to make the world more cyberpunk!!! Cryptos is cooler. You're all a bunch of nerds.
48  Alternate cryptocurrencies / Altcoin Discussion / Re: Will FTC die ? on: May 06, 2013, 06:46:18 PM
When a GOXed LTC goes for 10-20$ a piece, as it should be, then the need for a 1$ -2$ scrypt coin will become apparent.

It seems like everyone is expecting LTC to rise dramatically when it hits MtGox, which is exactly why it won't happen.

Contrarians make money in this game, not the ones following the herd.

Everyone said CNC price would peak as soon as it hit BTC-E or Vicurex and it did.

Do you realize how many people only follow bitcoins/mt gox? The price will rise dramatically when it hits Mtgox.. even if temporarily.

I predict Litecoins will go up to Bitcoin price / 8, and then go down shortly after.

I would say that's a good ballpark.

I hope they add PPCoins too.

I hope they don't for a very long time. Too many alternate currencies would scare investors away from cryptos in general.
49  Alternate cryptocurrencies / Altcoin Discussion / Re: Will FTC die ? on: May 06, 2013, 06:39:50 PM
When a GOXed LTC goes for 10-20$ a piece, as it should be, then the need for a 1$ -2$ scrypt coin will become apparent.

It seems like everyone is expecting LTC to rise dramatically when it hits MtGox, which is exactly why it won't happen.

Contrarians make money in this game, not the ones following the herd.

Everyone said CNC price would peak as soon as it hit BTC-E or Vicurex and it did.

Do you realize how many people only follow bitcoins/mt gox? The price will rise dramatically when it hits Mtgox.. even if temporarily.

I predict Litecoins will go up to Bitcoin price / 8, and then go down shortly after.
50  Alternate cryptocurrencies / Altcoin Discussion / Re: FTC to go into "dead cat bounce" on: May 06, 2013, 06:27:56 PM
This is my best prediction. We will see if it matches reality.

However, after the bounce is over, I think it will slowly gain value.

I predict not, so between us, we'll have covered the future 100% accurately.

.b

We'll see. It's not a 100% prediction, obviously. It's just my gut feeling.
51  Alternate cryptocurrencies / Altcoin Discussion / FTC to go into "dead cat bounce" on: May 06, 2013, 06:24:44 PM
This is my best prediction. We will see if it matches reality.

However, after the bounce is over, I think it will slowly gain value.
52  Alternate cryptocurrencies / Altcoin Discussion / Re: Which coins are not scams? on: May 06, 2013, 06:21:49 PM
Honestly;

Not backed by incompetent developers:
Bitcoin
Litecoin
Namecoin
Devcoin

Most likely not backed by incompetent developers not scams (but unclear, future success unclear):
PPCoin
Bitbar
Feathercoin

Might be backed by incompetent developers
Feathercoin
Freicoin

Probably backed by incompetent developers:
Novacoin
Terracoin
Mincoin
Freicoin

Almost certainly backed by incompetent developers:
Chinacoin
Junkcoin
Bytecoin
BBQcoin


Fixed, otherwise good.
53  Alternate cryptocurrencies / Altcoin Discussion / Re: I guess you could call me a crypto prophet on: May 06, 2013, 05:50:47 PM
Crypto luckbox is more appropriate!
You dumped almost 70k $ worth of FTC all at once at that price?


Well it was a few dumps over a day.
54  Alternate cryptocurrencies / Altcoin Discussion / Re: Will FTC die ? on: May 06, 2013, 05:42:26 PM
It won't die, because I will buy tons of FTC if it goes low enough and if the volume is low enough, and shoot the price up...
55  Alternate cryptocurrencies / Altcoin Discussion / Re: I guess you could call me a crypto prophet on: May 06, 2013, 05:39:31 PM


The amount I bought in at was 140k Wink


Erm... Why does it say LTC on the left?

http://www.cryptocoincharts.info/period-charts.php?period=10-days&resolution=hour&pair=ftc-ltc&market=cryptonit

It's the history of the FTC/LTC conversion on cryptonit.net, the first exchange to support FTC trading.
56  Alternate cryptocurrencies / Altcoin Discussion / Re: I guess you could call me a crypto prophet on: May 06, 2013, 05:38:18 PM
I guess all your feathercoin pumping paid off then? Cheesy

It certainly did.

I might buy back in if it goes low enough. Because Feathercoins mean a lot to me, I truly like them. They are just priced too high due to noobs and hipsters.
57  Alternate cryptocurrencies / Altcoin Discussion / Re: I guess you could call me a crypto prophet on: May 06, 2013, 05:36:45 PM
At least call yourself the lucky crypto prophet  Grin

Thanks. I hope the luck continues.
58  Alternate cryptocurrencies / Altcoin Discussion / Re: I guess you could call me a crypto prophet on: May 06, 2013, 05:35:33 PM
Noobs, please give me all your money, for I am smarter and more intelligent than you, and I deserve it, because I am the Crypto Lord.  Grin
59  Alternate cryptocurrencies / Altcoin Discussion / I guess you could call me a crypto prophet on: May 06, 2013, 05:34:57 PM


The amount I bought in at was 140k Wink

60  Alternate cryptocurrencies / Altcoin Discussion / Re: The rise of alternative cryptocurrencies on: May 05, 2013, 11:54:02 PM
In my best opinion, Litecoin is better technology than Bitcoin.

I see this repeated a lot, and very rarely is it accompanied by any sort of convincing argument.  What do you base this opinion on?

Based on the few occasions I've seen this debated, it is my understanding that 4 Litecoins confirmations vs a single confirmation in BTC isn't that much more secure as the security is mostly based on time rather than number of confirmations.  Also that one scenario where Litecoin improves on Bitcoin is where 0 confirmations is too little and 1 BTC confirmations is too much, but that this scenario is rarely necessary.  For these 2 limited improvements Litecoin suffers faster blockchain bloat.  

ASIC resistance is no advantage at all, in fact the greatest resistance to ASIC Litecoin possesses is not being worth the cost to develop ASIC for Litecoin rather than Scrypt itself.  If Litecoin overtakes Bitcoin without a diminished demand for cryptocurrencies in general it seems likely that ASICs would be developed for Litecoin as well.

So even ignoring the popularity of each coin I don't see a strong argument for Litecoin being hands-down technically superior to Bitcoin.  Not to mention that most of the value of either coin is based on it's popularity and even if Litecoin is in some small way determined to be slightly stronger technology than Bitcoin, it drowns in the added value Bitcoin gets from it's network effect.

Again this is going off of what I've heard from others, I haven't poured over and fully understood the source for both coins myself.  If I'm mistaken in the above please let me know with a description of why.  However I suspect most that claim Litecoin is superior do so without really fully understanding why they believe what they do.

To be honest, I think Litecoin is maybe 1-5% technologically superior (if it is possible to give a percentage rating to superiority). But I agree technologically they are both nearly identical in usefulness.

edit:

Thank you for the intelligent response, I really appreciate it.
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