Thats cool and all, but its just trading. Its not public awareness or actual usage. Litecoin requires Bitcoin to succeed, its positively mandatory.

Only Bitcoin can bring crypto to the masses. Once that happens, its anyones game but the first huge wave has to be led by the mighty BTC.

And I say this as a bigtime Litecoin guy - my crypto portfolio as denominated in USD is 80% LTC and 19% BTC.

If you really believe in Litecoin - push hard for Bitcoin to be accepted at your favorite stores and service providers.

Any business that has low margins will benefit hugely, as credit card fraud/chargebacks are very detrimental to them, as well as the high fees charged by credit card companies.

Great companies like www.overstock.com will be big winners and indeed, credit card companies big losers as their "business" slowly evaporates.

No, the advantage is clear and huge. Chargebacks are the main vector of credit card fraud and probably the biggest source of all fraud in the world.

This leads to higher prices for goods and services which are passed directly to the consumer.

By eliminating these excessive fees, Bitcoin allows businesses to operate with much lower margins which has a massive benefit to everyone.

Furthermore, credit cards as they exist today are simply exploitive of the 99%. I own a couple simply for credit score purposes.

If you cant afford to buy something or cant be sure you trust the company you are buying from, you shouldnt be buying the product at all. Period.

Bitcoin uses a less than .01% of the energy used by banks and payment processors and the people and systems they employ.

This has been discussed numerous times. Its a massive gain in energy efficiency, not a loss. Reconsider all your assumptions.

And use the search function first. This has been discussed to death here.

well I agree its a must watch video, although Im not scared for my coins, at all

depends on the card, I get anywhere from 430-485 depending on brand for 6950s

they run hot and not great efficiency compared to r9 series

Its obviously super shady, but Im not exactly sure how this constitutes a crime. Just fools being separated from their "fake internet meme-money"

kinda hope this leads to the death of dogecoin

Well I agree with you here, but sadly theisalt-forum is mostly used for spamming pump and dumps and I doubt this thread will float at the top for long. Most people who want to talk about LTC moved over to https://litecointalk.org/ during the Spring/Summer of 2013.

Very few if any alts have truly improved on Litecoin, most are just a fork of it with simplistic changes (see FTC etc).

With Litecoin, you get the real deal, a scrypt coin with a big market cap which has huge potential to go up and has talented, long term commited devs. There is a real market to spend them as they are already well known. Litecoin isnt going anywhere but up, and there are very, very few coins you can really say that about.

Sure, you could maybe make a few extra bucks trying one of these shamcoins going for a 100x profit in a month, or you could lose your entire investment in a matter of hours while you are asleep. With Litecoin, you have the real deal and can sleep easy knowing that good devs are behind it and its not going anywhere anytime soon.

I wont ever support this coin, for a variety of reasons (mostly because its shit), but if you do the research, there was clearly a groundwork laid for a the "real netcoin" which was envisioned by tacotime, cunicula and other super talented devs who are passionate about crypto and not just making a few quick bucks. Whether this dev saw an opportunity to cash in or it was "just a coincidence" that his coin launched with the exact name the community had a set aside for what will eventually be one of the most innovative coins ever, I wont speculate on.

But my advice to people is to deeply research any alt - and who, how, when where and why it was developed - before you throw even a nickel at it. Sure making money is great, just make sure you dont get caught holding the bag and dont be surprised if you do when you deal with 95%+ of the alts currently out there.

After this post, I expect this thread to die off fairly quickly, for fairly obvious reasons...

take the time to get verified with coinbase, worth it

Wow if this thread has proven anything its that banks are a giant pain to deal with and not very effective at transferring money quickly and cheaply.

If only there was another solution...

Once you start factoring in the power too cool the operation during the summer, datacenter pricing looks pretty affordable.

Some pools will email you if a worker goes offline or is submitting stales

Zerocoin is very cool but not as an extension to Bitcoin. It needs to be its own currency.

There will be a time for Zerocoin (and Litecoin, and Peercoin, Primecoin and a few other alts which really innovate).

But that time is far in the future, not right now. Circle will make it much easier for people to use/accept BTC, it will spread mass adoption.

Once we are there, we can think about improvement and alternatives. But for crypto to succeed, BTC needs to go first - just the way it is.

I respect Krugman but disagree with him entirely on this point, and the link to Stross' blog just highlights how weak this argument is.

Im pretty sure this thread will get locked or moved, as this forum is for Bitcoin mining 

That being said, GPU mining isnt going anywhere anytime soon for scrypt, and any scrypt-ASIC wont offer the near efficiency gain of SHA256 ASIC.

Wow, thats brutal. I would think you should sort all issues and have a rock solid build before cloning it with $5K in cards

different kinda petahash bro sorry for the bad news 

you can probably play Duke Nukem on it. Bitcoin mining, not so much.

I think they go for primecoins these days cause botnets are CPU mining I would think