Litecoin also has faster transaction confirmation times, since blocks are mined at a 4x rate. This isn't actually true. I thought transactions aren't truly confirmed until they are written into the block chain? I agree that the transaction speed is the same, though. |
|
|
|
Bitcoin was the pioneer, every new industry has one. There's nothing wrong with it. People still like yahoo, myspace and mp3 players. We are bound to have improvements in crypto technology.
I agree. I see Bitcoin as analogous to the first web browser. Great technology, but ultimately it will become outdated by something newer and better. |
|
|
|
|
This is a short thing I wrote up on Hacker News. But almost nobody cares there, haha.
Litecoin is becoming a very strong contender to Bitcoin [1]. It will soon be on Mtgox, according to their press reports. Feathercoin has also picked up steam, and it's interesting because it's brand new and already popular. Namecoin, which has been around since 2011, is still a strong contender with long term potential and value. The main difference between Litecoin and Bitcoin is the hashing algorithm used. Litecoin also has faster transaction confirmation times, since blocks are mined at a 4x rate. In my best opinion, Litecoin is better technology than Bitcoin.
Anyways it is a worthwhile thing to look into these before the mainstream gets to them. There are two main exchanges to trade alternative cryptocurrencies, here [2] and here [3].
[1] Litecoin is now accepted for donations on The Pirate Bay, the number one torrent site
[2] btc-e.com
[3] vircurex.com
edit:
I bet people here care even less, because they all know already.
|
|
|
|
With all the problems it been having the last couple weeks, I yanked out all my coins as soon as I could.
Lucky you. I still have a bunch in there =\. |
|
|
|
|
Can someone just put it on their site already... I don't like trading with shady people here on the forums...
|
|
|
|
Please sell all your FTC, and make the price plummet... I'd like for a good chance to stock up on them more.  |
|
|
|
|
If FTC plummets, I'm going to buy soooooo many FTC.
Plummet away!
|
|
|
|
Compared to LTC, FTC is premined 50%.
It wasn't premined... at least I'm pretty sure it wasn't. |
|
|
|
|
The smartest miners don't sell all their coins immediately just to make a fast buck.
|
|
|
|
So much B***hurt over FTC success... Get over it people, you have been Tared and Feathered!  I'm glad it went well, I made money. Just wondering why anyone is still buying this. Tomorrow it's gone. Sometimes you need to make less money in the short term to make more money in the long term. I believe there is a term for it, called "investment". |
|
|
|
|
^ Exactly. We don't need more right now unless the idea is very original and provides lots more value. We don't need another Feathercoin.
|
|
|
|
Yup my rigs will be moving if the profitability drops below LTC. I've been dumping them all as I go, who's buying this stuff??
Smart people are buying them... Profits are relative to amount invested. My rigs are long paid for my only FTC expense has been power consumption. Let me know when you get a 780% return on your FTC investment. Then we can discuss who the smart people are. 24,000khs = $25 per day electricity 24,000khs = 2500 FTC per day (at 40 diff) - last 24 hours 2500 FTC = $500 ROI = 780% Then there is the few days before that: 24,000khs = $25 per day electricity 24,000khs = 6000 FTC per day (at 15 diff) -- I'll let you do the rest of the math.. If I total my sales, avg was 47LTC per 1K FTC. If a buyer wanted a %780 on 47LTC/1K FTC then they have to sell at 370 LTC -- good luck. Why would I want a return? I have a job. I believe in FTC in the long term. |
|
|
|
|
Hopefully not for a long time, unless it has extraordinarily good features. We have enough coins.
|
|
|
|
|
You guys can dump them if you want. Feel free to make dumb decisions. You are like the people who dumped BTC when it was at $2 in the early days.
|
|
|
|
Yup my rigs will be moving if the profitability drops below LTC. I've been dumping them all as I go, who's buying this stuff??
Smart people are buying them... |
|
|
|
|
If this is true, that people would dump, why don't they do it already? Hm...
|
|
|
|
You have a coin which is driven purely by speculation and has no actual services built for it. It exists in a vacuum of other speculators and miners who all want to get rich and don't want to be the ones left holding the bag It is a currency. Currencies have speculation. The fact is that Litecoin and Feathercoin both are the most female-friendly coins in terms of their names, and conservative nature. |
|
|
|
|
"Feathercoin" is a name that non-nerdy girls would like. If girls would like it, it's cool.
|
|
|
|
|
Show Posts
