Like I said dude. Keep yapping. LTC is going to Gox whether you like it or not. LTC does not need BTC. BTC actually needs LTC for security as you've already stated in your OP.
Cheers
Coblee has stated that he's going to keep Litecoin one release behind Bitcoin. How does that make Litecoin not dependent on Bitcoin  Bitcoin is testing the waters for Litecoin. In a way, Bitcoin development is more risky than Litecoin, because if BTC break due to a recent development problem, it will not affect Litecoin. As an example, look at the last fork that happened to Bitcoin. Litecoin wasn't affected and we know how to prevent it since Bitcoin tested it before Litecoin did. Amen.... Bitcoin needs LTC more than LTC needs BTC. Period. And thanks to asics, BTC's need for help from LTC has just quadrupled. There is zero reason for LTC to become BTC's bitch now. It's bitcoiners that need ltc help not the other way around. And unless it's mutual. I see no reason to help them as they've kept us down from the beginning. Bitcoiners in general need to wake up. So how does keeping Litecoin one release behind Bitcoin make Bitcoin need Litecoin more then Litecoin need Bitcoin? |
|
|
|
Like I said dude. Keep yapping. LTC is going to Gox whether you like it or not. LTC does not need BTC. BTC actually needs LTC for security as you've already stated in your OP.
Cheers
Coblee has stated that he's going to keep Litecoin one release behind Bitcoin. How does that make Litecoin not dependent on Bitcoin |
|
|
|
Sorry to be rude, but I really can't stand the way old school bitcoiners act and talk about Litecoin.
This is what your OP sounds like to me: Litecoiners... protect my big stash of Bitcoins, after securing my nest egg, then in return I will make a lot of money in return by selling physical Litecoins to you guys.
Don't get me wrong, I think this is a good idea. I am somewhere in the middle of the two extremes:
Litecoiners/Bitcoiners: That's a wonderful idea!
Litecoiners: We don't need Bitcoin, nor are we going to be Bitcoin's subservient guard dog, let the ship sink!
Old school bitcoiners seem to just not get the value and use that LTC can have in the future. You blindly ignore the traits Litecoin has that so many people already see (which is why it's up to 2.30 from .07 months ago.) I'll spare you the time of listing off some of the good traits of Litecoin because I know you know them all already, you are just blinded by your big ole pile of Bitcoins.
IMHO Litecoin is doing just fine without this and it will continue to do just fine without this. Bitcoin needs this more than Litecoin needs this. If you can't see the usefulness in Litecoin at this point in its development, then just get to steppin'... we don't need you.
/rant
What development  Back on topic I think it would be beneficial to both Bitcoin and Litecoin. |
|
|
|
Typical central bank loving hatchet job from the man who thinks Ben Bernake knows best. http://www.nytimes.com/2013/04/15/opinion/krugman-the-antisocial-network.htmlWhat is bitcoin? It’s sometimes described as a way to make transactions online — but that in itself would be nothing new in a world of online credit-card and PayPal transactions. In fact, the Commerce Department estimates that by 2010 about 16 percent of total sales in America already took the form of e-commerce.
The similarity to goldbug rhetoric isn’t a coincidence, since goldbugs and bitcoin enthusiasts — bitbugs? — tend to share both libertarian politics and the belief that governments are vastly abusing their power to print money. At the same time, it’s very peculiar, since bitcoins are in a sense the ultimate fiat currency, with a value conjured out of thin air. Gold’s value comes in part because it has nonmonetary uses, such as filling teeth and making jewelry; paper currencies have value because they’re backed by the power of the state, which defines them as legal tender and accepts them as payment for taxes. Bitcoins, however, derive their value, if any, purely from self-fulfilling prophecy, the belief that other people will accept them as payment.
However, let’s leave that strangeness on one side, along with the peculiar “mining” process — actually a process of complex calculation — used to add to the bitcoin stock. Instead, let’s focus on the two huge misconceptions — one practical, one philosophical — that underlie both goldbugism and bitbugism.
The practical misconception here — and it’s a big one — is the notion that we live in an era of wildly irresponsible money printing, with runaway inflation just around the corner. It’s true that the Federal Reserve and other central banks have greatly expanded their balance sheets — but they’ve done that explicitly as a temporary measure in response to economic crisis. I know, government officials are not to be trusted and all that, but the truth is that Ben Bernanke’s promises that his actions wouldn’t be inflationary have been vindicated year after year, while goldbugs’ dire warnings of inflation keep not coming true. I was willing to tolerate his bullshit until he made the inflation remark. My food and energy bills are up over 10 percent from this time last year. Also the skulldeggery from the Bank of England is keeping my housing costs sky high  Krugman is full of shit. How did this cunt get a New York Times column. I want a New York Times column! |
|
|
|
It's pretty much instant if you accept zero-confirmation payments. If you need the double-spend security, you wait.
Except that merchants and others are probably unlikely to trust zero-confirmation payments. So any ideas on if this will improve? There are several ways to reduce the risks of zero-confirmation payments. The easiest is to just wait a few seconds and have a well connected node. After ten seconds a non spam transaction with a small fee should have been seen by the majority of the network and the chances of a double spend are greatly reduced. |
|
|
|
You're lying yourself big time if you think that Bitcoin is in stage where people invest in it as some kind of safety, lol.
It's still pure, pure speculation.
I'm not suggesting it's a safe haven but I do think people would rather take bitcoins at a much inflated price instead of shares in Unicredit Slovenia which can't be traded for X number of years. |
|
|
|
Of course I'm only playing devil's advocate here with my suggestions but if Bitstamp had one million dollars on deposit and Slovenia was forced into Cypriot style solution then the tax could be as high as 90%
This is all irrelevant if they've moved accounts to the UK but when I sent money to them a couple of weeks ago it went to Slovenia.
If they moved the bank accounts to UK they are safe. WTF are you talking about? The Northern Rock disaster of 2007 showed the UK government is willing to print whatever money is necessary to keeps the banks open for business. The question of what the pounds in the account will be able to buy is a different issue. |
|
|
|
|
I survived the boom and bust of 2011 without breaking a sweat because I'm certain Bitcoin is the future of exchange.
Just wait until another EU country (I'm looking at you Ireland, Slovenia, Portugal) needs a bail in and the Bitcoin rocket will resume.
|
|
|
|
|
Of course I'm only playing devil's advocate here with my suggestions but if Bitstamp had one million dollars on deposit and Slovenia was forced into Cypriot style solution then the tax could be as high as 90%
This is all irrelevant if they've moved accounts to the UK but when I sent money to them a couple of weeks ago it went to Slovenia.
|
|
|
|
Their Prime Minister really is ugly....
Better picture  I think we'd all tap that ass. |
|
|
|
.....when the EU freezes all Slovenian bank accounts according to the terms of a new bailout and the only way to withdraw your funds will be through Bitcoin.
$145 (and falling) to $1k in 2 days? This will be exciting to watch. Are you long bitcoin? You're not thinking about the consequences of an extended bank holiday. Would you rather keep your $145 in Bitstamp with the hope of getting it returned in a few months or trade it for 0.1 BTC and be finished with it? |
|
|
|
....when the EU freezes all Slovenian bank accounts according to the terms of a new bailout and the only way to withdraw your funds will be through Bitcoin. http://www.guardian.co.uk/world/2013/apr/09/slovenia-eurozone-bailout-rumoursDiscuss. Note: I'm not implying anything against the integrity of Bitstamp, rather the integrity of the Slovenian banking system after a bailout. Edit: Changed the price in title from $1000 to $10,000. $1000 seemed like a crazy price back in April. Not in December though  |
|
|
|
|
A little bit of digging shows the -30974 error has happened to other people too. The advice given was to use pywallet to extract the keys but there was never a follow up saying it worked.
Has anyone recovered from this error using pywallet?
|
|
|
|
Adding to the intrigue it gives me another error on startup System error: CDB() : can't open database wallet.dat, error -30974 I'm getting the feeling my wallet.dat is fooked  |
|
|
|
Need some help guys. I loaded an old wallet into my client and tried to send some coins to a new address. I got the following error message A fatal error occurred. Bitcoin can no longer continue safely and will quit.
EXCEPTION: St13runtime_error
CWallet::GenerateNewKey() :AddKey failed
C:\Program Files (X86)\Bitcoin\bitcoin-qt.exe in Runaway exception I'm running version 0.8. The old wallet was last opened in summer 2012 in probably 0.6. Thanks |
|
|
|
LiteCoin definately is not crap. It's the coin of the future. Based on BitCoin, it has taken the whole thing one step further.
Don't believe it? Try it yourself.
Coin of the future eh? Can you list the core Litecoin developers along with some of their recent commits. Thanks |
|
|
|
From another forum I read, I was hired by Summly to write the Android version of their app, which was finished some weeks ago but the release date got shelved at the point they entered due diligence with Yahoo.
Since Yahoo have killed the apps I now know that it'll never be released. So that was a total waste of time. :angry:
Nick's a very smart kid and I like him, but I suggest not believing the hype 100%. It's stretching the truth to breaking point to paint this as a teen wunderkind creating multimillion-dollar products from their bedroom... Summly's quirky iOS app was mostly designed and written by an outside agency. Nick is supported by a team of techies and PR experts who know exactly how much both press and public *love* the "teenage genius millionaire" news template and they have exploited that interest brilliantly. His investment banker Dad and IP lawyer Mum were the driving forces behind the endeavour. |
|
|
|
The age old arguments of 'it's a purely speculative investment you can't buy or do anything with litecoins' isn't even true anymore. Litecoin isn't that different now from bitcoin when it was 40 cents.
The first time bitcoin hit 40 cents Satoshi was still around and Wikileaks had just started accepting bitcoin donations. What kind of inspirational visionaries does the Litecoin community possess at the moment and I have I missed the announcement about a well know international subversive group accepting donations via Litecoin? |
|
|
|
One of the outcomes of this will be strict capital controls in Cyprus. Does anyone know a good way to avoid capital controls |
|
|
|
|
Taaki!!!!!!!!!!!!!!!!!!!!!!!
|
|
|
|
|
Show Posts
