So many trolls everywhere... so little time...
no troll sir since 1932 the dow low at 41 was no tested since then was just up and up |
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You can melt down all (legitimate) gold coins and put them in whatever form you want. You can not transform one cryptocurrency to another without finding a trading partner and agreeing on a conversion rate.
thats one of many reasons why gold/silver > BTC Maybe everyone can start mining his own coins ... Tomorrow I can sell you odalvcoin (same as bitcoin -> same utility, only will not start with genesis block) and next week odalvsilvercoin (same as LTC only 4x more coins)
I hope we will have red cross coins, footbol club Barcelona coins, paris coins, help the children coins, cure hiv coins and everyone can vote with their wallet and get behind any of the chain |
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tl;dr - it's not a scam, but it's also not innovative and doesn't offer anything that bitcoin doesn't.
this: I have yet to see compelling reasoning contrary to this point that's the typical crypto get rich quick opportunistic view I don't see how. When I first ran into Bitcoin, I didn't see it as an investment but rather as a pretty useful tool. It was only months later when I took the opportunity to buy in when I did. Litecoin does the same thing as Bitcoin, yeah, but to me this is like starting a second fork simply for the sake of. Personally, I will choose to stick to the older, longer fork because to me, it's more valid. Until LTC does something Bitcoin can't, I will stay on the majority fork. I by principle support and like all form of crypto-currency, also I like any form and shape of gold/silver coins.If I invest on buffalo gold coins my bias is towards that coins and i can make a dozen of excuses (marketing and promotion) why the buffalo gold coins are better that any other gold coins and any other form of gold, why ? simple i like to drive up the demand for buffalo coins so i can buy more land/food/service/products with them, same goes for LTC and BTC, LTC can perform the same functions like BTC. Does the Australian gold coins need to be better that the buffalo gold coins ? nope, if are 99% pure gold is the same thing and can perform the same function. The only scenario where one can like bitcoin and dislike litecoins/any_alt_coins is when they thread the crypto currency like a get rich quick scheme so having a competing scheme can leech suckers/idiots/pig/late adopters/you_name_it from the favourite sheme and that will ruin the plans of getting rich on the fastest way possible |
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I'm partial to Krugerrands because they are not struck with a face value. Other than that, I'm almost exclusively interested in mole weight for any precious metal vs. any specific form factor.
i am on the same side the only way to look at gold/silver coins is weight, using names or "stamps" that replace weight (oz or grams) leave the door open for debasement when one demand on 1oz of silver wants and expects 1 oz of silver no matter the shape/form but when one demand 1 silver dollar get 1 silver dollar no 1 oz of silver |
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tl;dr - it's not a scam, but it's also not innovative and doesn't offer anything that bitcoin doesn't.
this: I have yet to see compelling reasoning contrary to this point that's the typical crypto get rich quick opportunistic view |
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I still find it funny that people call LTC a scamcoin. What exactly is the "scam"?
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Of course it's not a "scam", but its benefits are often overstated. I'm all for alt-coin experimentation; just wish there were actually more real experimentation (NMC and maybe PPC are the only ones with real differences). Litecoin's quicker confirms are a moot point, for one thing...there are almost zero applications where an avg confirm of 2.5mins is acceptable where 10mins is not. I still can't buy a cup a coffee. And it doesn't matter that scrypt is asic-resistant. That's not synonymous with "asic-proof"; if ltc ever got valuable enough, asics for it would arise. It's not going to achieve better decentralization because of scrypt. To me, litecoin is not innovative, and I therefore find it annoying that it's achieved the success it has. I do see some value in that it's a "backup" network to an extent (but, if bitcoin were successfully attacked, most likely the same attackers could hit litecoin too), and there's value in being able to move coins in and out of both chains with some liquidity. But those are 2nd order concerns. Again, I'd like to see more real alt experimentation. tl;dr - it's not a scam, but it's also not innovative and doesn't offer anything that bitcoin doesn't. so you like 1oz round gold coins but you dont like 1/2oz square gold coins |
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dont talk about LTC it take away suckers from BTC
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gold > silver > NMC > BTC/LTC
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So far the "early warning" seems right. However, still waaaaayyyyy to early to tell.
for that reason i put the "?" |
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The reason given was due to Mt Gox's association with Liberty Reserve, who are undergoing investigations surrounding drug trafficking finances.  Wait, in what sense is Mt Gox associated with Liberty Reserve? The only relationship between the two is every time anyone in the media talks about Liberty Reserve they inexplicably have to bring up bitcoin at the same time.
AFAIK, MtGox accepted LR deposits many many years ago. just perfect for the silk road drug money + drug markets = awesome PR  |
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Think wave e is over in btc -> but lucif has it broken below the triangle yet?
I always impatient with final waves =) Looks like this  if you take a->b and put it on apex  |
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Bitcoin Foundation, lol!
However if they shut down that bunch of stupid vip nerds, who do nothing and receive donations, I probably will be a bit happy.
remember is 3 weeks old stuff who did knew about this sold and took the USD long time ago CA State Cease and Desist May 30 |
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mtgox is done for about 1h now the question is what the price will do after this ? imo nothing special  |
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Why should you care about the peasants out there?
After all you are the new wealthy elite.
Gentlemen!
adjust monocle and reads this post |
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Oh, I fully expect the mother of all crashes in real-estate to happen soon.
aye putting bonds and mortages on the sky level and removing any form of state borrow-welfare this have to big way to end bad 1) politicians invent a new type of enemy, terror and terrorism is getting old to keep Joe's in control 2) Joe's go bananas start to riot and elect some kind of communist+nazi+hippie politician for price controls and all the measures that destroy the economy |
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