I've heard many people say that Bytecoin (BCN) was 82 percent premined. Technically it wasn't a premine but something called a "ninjamine". A premine would be visible in the blockchain and the code. You would see something like "Initial block = 100,000 coins". Instead, it's a ninjamine because very few people knew about it during its initial mining phase when most of the coins were created in 2012 and 2013. Bitcoin was arguably also ninjamined because most of the initial mining took place within a small group that was shielded from the outside world. Bitcoin became known to the wider public in 2011. Bytecoin in 2014. Hence why Satoshi has almost 1 million coins. Bitcoin's small group was a cryptography mailing list frequented by geeks. Bytecoin's small group was the deep web.
If Satoshi was a scammer who was intent on destroying the reputation of his coin, then he could have dumped all his coins on an exchange and made a lot of fiat in the process. But Satoshi wasn't a scammer, and Bitcoin wasn't a pump and dump scheme. Six years have passed since the creation of Bitcoin and Satoshi could have dumped his coins at anytime during this period but he didn't. Thus those 1 million coins are still untouched to this day.
If the Bytecoin devs were scammers, then wouldn't we have witnessed large dumping of the coin by now? Does anyone know if the 82 percent ninjamine was left untouched just like Satoshi's stash is still untouched today or have the coins moved? We know that the value of Bitcoin won't come crashing down to zero because we know that Satoshi is a benevolent character who won't destroy his creation for a quick buck. And six years of blockchain data proves this. After 10 months has passed with no evidence of a scam, perhaps we can begin to say that the same is also true for the Bytecoin devs?
Disclaimer: I own both BCN and XMR and a few other CryptoNote coins. I decided to post this because I saw that BCN has recently overtaken XMR in the coin rankings which is a bit surprising although I guess the ninjamine probably helps. IMO competition is good for all coins.
The thing is, Satoshi didn't cripple Bitcoin with unoptimized code, nor did he have a 82 %(around 80) premine/ninjamine/w.e. Read that again, 80 percent of all Bytecoins are owned by a handful of people. 80%.Enough said. The original premise of my thread proposed the possibility that those coins may never be dumped at all. Perhaps those who mined them did so while testing the coin and never bothered to save the private keys. Or perhaps they wanted to "do a Satoshi" and mine a ton of coins and then leave them permanently untouched as a keepsake or for reasons unknown. Satoshi initially mined to keep the network running when there were very few other miners and nodes. From reading his earliest posts, the potential for profit seems to have been more of an afterthought. Yes, the BCN distribution is horrible and a huge impediment to its success. 10 percent? Fine. 50 percent? OK if it's innovative then sure. But like you, the fact that it's 82 percent does leave me wondering if it is a fatal flaw. Then again, NXT was able to survive despite 73 people owning 100 percent of the currency in its early days. If BCN has just 50 people owning 82 percent then it could survive too. However, I suspect the bulk of this 82 percent is owned by the devs. While a mass-scale dumping of the coin would be disastrous, if they had chosen to follow Satoshi's example then it also means that we'd be missing out on a good, high-quality coin.  A third and IMO better long-term scenario would be if the early adopters who control the 82 percent sold off their coins slowly to the market. The demand for BCN would have to rise significantly for the market to absorb this and it would probably take many months or even years for the distribution to improve but at least it would remove the permanent uncertainty of a massive and catastrophic dev-initiated dump that's currently hanging over the community. The issue is not knowing who owns 80% of all Bytecoins. It could be 10 people or just 1 person who owns all of them. We don't know since they've purposely hid all that information. This isn't a NXT style situation, and frankly it wouldn't matter. Bytecoin has long been forgotten as a contender in the anonymity market. Just Darkcoin and Monero are the ones left standing now. |
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I've heard many people say that Bytecoin (BCN) was 82 percent premined. Technically it wasn't a premine but something called a "ninjamine". A premine would be visible in the blockchain and the code. You would see something like "Initial block = 100,000 coins". Instead, it's a ninjamine because very few people knew about it during its initial mining phase when most of the coins were created in 2012 and 2013. Bitcoin was arguably also ninjamined because most of the initial mining took place within a small group that was shielded from the outside world. Bitcoin became known to the wider public in 2011. Bytecoin in 2014. Hence why Satoshi has almost 1 million coins. Bitcoin's small group was a cryptography mailing list frequented by geeks. Bytecoin's small group was the deep web.
If Satoshi was a scammer who was intent on destroying the reputation of his coin, then he could have dumped all his coins on an exchange and made a lot of fiat in the process. But Satoshi wasn't a scammer, and Bitcoin wasn't a pump and dump scheme. Six years have passed since the creation of Bitcoin and Satoshi could have dumped his coins at anytime during this period but he didn't. Thus those 1 million coins are still untouched to this day.
If the Bytecoin devs were scammers, then wouldn't we have witnessed large dumping of the coin by now? Does anyone know if the 82 percent ninjamine was left untouched just like Satoshi's stash is still untouched today or have the coins moved? We know that the value of Bitcoin won't come crashing down to zero because we know that Satoshi is a benevolent character who won't destroy his creation for a quick buck. And six years of blockchain data proves this. After 10 months has passed with no evidence of a scam, perhaps we can begin to say that the same is also true for the Bytecoin devs?
Disclaimer: I own both BCN and XMR and a few other CryptoNote coins. I decided to post this because I saw that BCN has recently overtaken XMR in the coin rankings which is a bit surprising although I guess the ninjamine probably helps. IMO competition is good for all coins.
The thing is, Satoshi didn't cripple Bitcoin with unoptimized code, nor did he have a 82 %(around 80) premine/ninjamine/w.e. Read that again, 80 percent of all Bytecoins are owned by a handful of people. 80%.Enough said. In the same way no one cares about Satoshi holding over 1 million Bitcoins, lots(?) of people don't seem to care about this fact, thats fine for me because they cant force me to use Bytecoin so as shocking as this is, in the end of the day its a "non-issue" because Bytecoin was the 1st (I think). Satoshi holds around 1million bitcoins(we can estimate), but that's less than 10% of all Bitcoin's that would ever exist. That amount can be considered by some negligible, coupled with the fact that it hasn't been touched. Bytecoin is a whole other story. Over 80% of all Bytecoins that would ever exist, are already in the hands of a few unknown people. 80%. You cannot compare Satoshi's less than 10% stash of Bitcoins, to Bytecoin's 80% ninjamine/premine. Even comparing the two is an insult to Bitcoin. |
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I've heard many people say that Bytecoin (BCN) was 82 percent premined. Technically it wasn't a premine but something called a "ninjamine". A premine would be visible in the blockchain and the code. You would see something like "Initial block = 100,000 coins". Instead, it's a ninjamine because very few people knew about it during its initial mining phase when most of the coins were created in 2012 and 2013. Bitcoin was arguably also ninjamined because most of the initial mining took place within a small group that was shielded from the outside world. Bitcoin became known to the wider public in 2011. Bytecoin in 2014. Hence why Satoshi has almost 1 million coins. Bitcoin's small group was a cryptography mailing list frequented by geeks. Bytecoin's small group was the deep web.
If Satoshi was a scammer who was intent on destroying the reputation of his coin, then he could have dumped all his coins on an exchange and made a lot of fiat in the process. But Satoshi wasn't a scammer, and Bitcoin wasn't a pump and dump scheme. Six years have passed since the creation of Bitcoin and Satoshi could have dumped his coins at anytime during this period but he didn't. Thus those 1 million coins are still untouched to this day.
If the Bytecoin devs were scammers, then wouldn't we have witnessed large dumping of the coin by now? Does anyone know if the 82 percent ninjamine was left untouched just like Satoshi's stash is still untouched today or have the coins moved? We know that the value of Bitcoin won't come crashing down to zero because we know that Satoshi is a benevolent character who won't destroy his creation for a quick buck. And six years of blockchain data proves this. After 10 months has passed with no evidence of a scam, perhaps we can begin to say that the same is also true for the Bytecoin devs?
Disclaimer: I own both BCN and XMR and a few other CryptoNote coins. I decided to post this because I saw that BCN has recently overtaken XMR in the coin rankings which is a bit surprising although I guess the ninjamine probably helps. IMO competition is good for all coins.
The thing is, Satoshi didn't cripple Bitcoin with unoptimized code, nor did he have a 82 %(around 80) premine/ninjamine/w.e. Read that again, 80 percent of all Bytecoins are owned by a handful of people. 80%.Enough said. |
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child porn is non violent through internet too (also it's using Bitcoin)..... with other words, you agree with it... what mentality !  I don't wonder why Bitcoin has a such a BAD press lately. Ross Ulbricht created SilkRoad and earned millions from it by using BITCOIN shit. it's a fact. Now, few mentally diseased people are saying that Karpeles is in fact the owner based on a testimony where a cover agent said "DHS Believed Mt. Gox CEO Might Have Been Silk Road’s Secret Mastermind" Believed = FBI thought this thing BUT they investigated further and they found the real kingpin, Ross Ulbricht. That's why it's called investigation; to search for evidences. Why would FBI arrest Ross Ulbricht and not Karpeles ? Why would't arrest both of them if they are related? It was very easy for FBI and Interpol to do that. You really are obsessed with bringing up child pornography frequently, yet calling other people weirdos...? Please go away. Your arguments are nonsensical and rather creepy in nature I quoted "The drug trade that took place on silk road (as well as trade that took place over similar darknet sites) was non-violent." If drug dealing is not violent and it is accepted(as someone said), then let's accept child porn too because it's non-violent. it's a total madness what some people are saying Drug dealing is violent. It brings death, it brings nightmares over families and it ruins lives. I agree with iGotSpots. Your argument is child porn is not violent. Well you're entirely wrong. Violence is not only physical, it can be emotional or mental as well in case you didn't know and, taking advantage of a child like that can lead to heavy emotional damage to them(the spreading and taking of pictures). If you feel that you display pedophilic tendencies, mayax, please see a trained therapist or psychiatrist where you can work on your empathy(Placing yourself in someone else's situation) and more. I gave an example about child porn. Bitcoin industry is full of people like you and full of morons, scammers, shitheads, drug delears. How can you say that drug dealing is NOT violent, crackhead? Did you take some pills today? " Violence is not only physical, it can be emotional or mental"Drug dealing is violent (emotional or mental). It brings death, it brings nightmares over families and it ruins lives. Ulbrich developed a website for this thing(selling drugs) and he EARNED a lot of money. Are you sure you're not on drugs right now? Did I ever mention drug dealing at all? But I think I get what you mean. You were saying that if people think drug dealing isn't violent, then that must mean child porn isn't violent as well, both of which you agree are violent. I recommend you to read again what ivonna said above, crackhead. "You need to accept that there will be drug trade regardless of if it is on the streets, over the internet (or over tor), if it is illegal or if it is legal.
The drug trade that took place on silk road (as well as trade that took place over similar darknet sites) was non-violent. This compared to notoriously violent drug trade that takes place on the streets.
I think it is fair to say that reducing violence in the world is a contribution to society "I made an irony about that, crackhead Ok, you have now contradicted yourself several times. You make absolutely no sense. Please go back to school and taking a writing class on how to organize your thoughts properly. |
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child porn is non violent through internet too (also it's using Bitcoin)..... with other words, you agree with it... what mentality ! I don't wonder why Bitcoin has a such a BAD press lately. Ross Ulbricht created SilkRoad and earned millions from it by using BITCOIN shit. it's a fact. Now, few mentally diseased people are saying that Karpeles is in fact the owner based on a testimony where a cover agent said "DHS Believed Mt. Gox CEO Might Have Been Silk Road’s Secret Mastermind" Believed = FBI thought this thing BUT they investigated further and they found the real kingpin, Ross Ulbricht. That's why it's called investigation; to search for evidences. Why would FBI arrest Ross Ulbricht and not Karpeles ? Why would't arrest both of them if they are related? It was very easy for FBI and Interpol to do that. You really are obsessed with bringing up child pornography frequently, yet calling other people weirdos...? Please go away. Your arguments are nonsensical and rather creepy in nature I quoted "The drug trade that took place on silk road (as well as trade that took place over similar darknet sites) was non-violent." If drug dealing is not violent and it is accepted(as someone said), then let's accept child porn too because it's non-violent. it's a total madness what some people are saying Drug dealing is violent. It brings death, it brings nightmares over families and it ruins lives. I agree with iGotSpots. Your argument is child porn is not violent. Well you're entirely wrong. Violence is not only physical, it can be emotional or mental as well in case you didn't know and, taking advantage of a child like that can lead to heavy emotional damage to them(the spreading and taking of pictures). If you feel that you display pedophilic tendencies, mayax, please see a trained therapist or psychiatrist where you can work on your empathy(Placing yourself in someone else's situation) and more. I gave an example about child porn. Bitcoin industry is full of people like you and full of morons, scammers, shitheads, drug delears. How can you say that drug dealing is NOT violent, crackhead? Did you take some pills today? " Violence is not only physical, it can be emotional or mental"Drug dealing is violent (emotional or mental). It brings death, it brings nightmares over families and it ruins lives. Ulbrich developed a website for this thing(selling drugs) and he EARNED a lot of money. Are you sure you're not on drugs right now? Did I ever mention drug dealing at all? But I think I get what you mean. You were saying that if people think drug dealing isn't violent, then that must mean child porn isn't violent as well, both of which you agree are violent. |
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Haha that made me laugh probably made Kim Jong-un laugh hopefully. You know that Korea can fire their nuclear missiles quite far.
Not really, they have no long range ballistic missiles. North Korea is quite a poor country, one of the poorest. It's just that they spend almost all their money on the military(It's practically a military state), which is what makes them "appear" powerful. It's actually China, that's the powerful one, since if China cut ties with North Korea(Trading wise), it would fall practically instantly. |
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child porn is non violent through internet too (also it's using Bitcoin)..... with other words, you agree with it... what mentality ! I don't wonder why Bitcoin has a such a BAD press lately. Ross Ulbricht created SilkRoad and earned millions from it by using BITCOIN shit. it's a fact. Now, few mentally diseased people are saying that Karpeles is in fact the owner based on a testimony where a cover agent said "DHS Believed Mt. Gox CEO Might Have Been Silk Road’s Secret Mastermind" Believed = FBI thought this thing BUT they investigated further and they found the real kingpin, Ross Ulbricht. That's why it's called investigation; to search for evidences. Why would FBI arrest Ross Ulbricht and not Karpeles ? Why would't arrest both of them if they are related? It was very easy for FBI and Interpol to do that. You really are obsessed with bringing up child pornography frequently, yet calling other people weirdos...? Please go away. Your arguments are nonsensical and rather creepy in nature I quoted "The drug trade that took place on silk road (as well as trade that took place over similar darknet sites) was non-violent." If drug dealing is not violent and it is accepted(as someone said), then let's accept child porn too because it's non-violent. it's a total madness what some people are saying Drug dealing is violent. It brings death, it brings nightmares over families and it ruins lives. I agree with iGotSpots. Your argument is child porn is not violent. Well you're entirely wrong. Violence is not only physical, it can be emotional or mental as well in case you didn't know and, taking advantage of a child like that can lead to heavy emotional damage to them(the spreading and taking of pictures). If you feel that you display pedophilic tendencies, mayax, please see a trained therapist or psychiatrist where you can work on your empathy(Placing yourself in someone else's situation) and more. |
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When computerization gets to the point that we can compare and trade items and services and labor, based on their average value relationship as sported by the whole, worldwide, free trade process, then we won't need fiat or Bitcoin at all. All we will need do is jump on the computer, show what our job is, show that we labored so many hours last week (a showing that is placed there by collaboration with our employer), and we can trade our labor for whatever goods or services we need. All of this will be encrypted in a blockchain of blockchains, of course. We will be able to remain reasonably anonymous, just like with Bitcoin. For our purposes, we need only see the first entry of an "address" into the blockchain, and the value attached to the last entry. Probably a computer program will be needed to generate the whole operation. It may not be entirely programmable by people. Parts of the above are being done right now in airline comparisons, and product and service comparisons. The difference will be that there won't be price comparisons. Products and services and labor will actually become the new money. There won't need to be stated divisions of "coin" like a satoshi is part of a bitcoin. Everything will be expressed as a percentage of value of anything else. The whole operation will be entirely decentralized, yet it will act like centralization in the ways that make centralization beneficial. That won't work. Work hours does not equal worth. How would I trade a 6 hour workday for a new computer? My 6 hour workday is just numbers, it's not like I'm trading an actual product that the seller can gain a profit off(After all, that's their goal, to get a profit). You will still need money. |
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Whoever's doing that campaign is 100% a scammer. To overthrow Kim, you'd need to overthrow China since they're the ones trading and sending supplies to North Korea. China has GDP of over 17 trillion and a very strong military(not as strong or high-tech as the U.S, but strong nevertheless). China spends more on it's military in a week than Bitcoin's entire marketcap is worth.
That fundraiser is an absolute scam. You guys are in way over your head haha lol.
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Better post this timemark https://www.youtube.com/watch?feature=player_detailpage&v=gAyncf3DBUQ#t=434No one could scientifically draw a connection between violence and games and suddenly, with sexism it's supposed to be the case, not because any of these feminazis did science on it, but just because they say so and they play the part of a pseudo-victim? Seriously, GTFO. People getting pissed at your stupidity has nothing to do with you being or not being a woman or a man. It's got to do with you being stupid. Femnazis are not interested in science, so don't bother them with facts, data and stuff like that. Like any other fanatics they are victimizing themselfs, demonizing the enemy and attempting to attract as much attention as they can for braiwashing the rest. Anita Sarkeesian tried to extend this sceme to one of the last bastions of manfolk but thanks to God she failed miserably. Certainly she and her followers don't want to give up on this "profitable" market segment. That's exactly what is it, profitable. They want to get as much attention as possible, to make headlines and make money off that attention. |
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Do you know biology?
Do you know that this thread is about Anita Sarkeesian and not biology? Do you also know that Anita Sarkeesian analyzes video games and not biology? Maybe learn a thing or two before posting. What It Feels Like to Be a Gamergate Target Published on Jan 14, 2015 by ABC NewsThere's also the 25 Male Gamer Privileges video by Jonathan McIntosh. Very educational. To solve a problem you first need to understand it. 25 Invisible Benefits of Gaming While Male Published on Dec 2, 2014 You make no sense, at all. If a women's body is seen as a sexual object by both men(straight) and other women, what does that say? It's out of our control, it's something were born with, it's biological. It can't be changed. Your points make no sense. I wholly agree that violence against women is entirely wrong and should be condemned, but thinking a woman is "sexy" is not wrong. Would you rather evolution designed it so we thought of women generally as unattractive, sexually? Exactly. |
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The main problem with LTC is that it does not have active development and nothing that it can do cannot be done by BTC.
Litecoin wasn't created to reinvent the wheel, litecoin developments trails Bitcoin at a distance it isn't intended to do anything that Bitcoin cannot do. If we ever see broad based adoption of Bitcoin, litecoin simply offers choice an alternate familiar currency secured by a different blockchain other uses of Litecoin's blockchain will come along in time but not now and as some gimmick to pander to a section in a forum. Most around here are being manipulated into believing the world and crypto has moved on from tired old Bitcoin and dusty litecoin, missed the last coin with its amazing earth shattering innovation? never mind like waiting for a Bus to Oxford circus give it 5 minutes and another one will be along. Litecoin could use more community why not buy a little and get involved, the alt community is going nowhere while it's split into oblivion behind hundreds of coins it looks as organised as having a mountain of guys in a big boat some rowing in different directions the majority whacking each other over the head with oars. Ahh, the true words of a desperate Litecoin bagholder. Sorry, but no one is going to turn to a coin that's a copy of Bitcoin, highly insecure compared to Bitcoin, has no development, and no community(Litecoin). |
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What are you going to do when someone comes into your home, ties you up and attempts to kill you? When you escape do you think you are jsut going to waltz out of the apartment?
In this particular instance? That's exactly what I'd do. If he could break free of his restraints, make it to the kitchen, grab a hammer and come back to kill his attacker without getting shot then he obviously wasn't in as much danger as you think he was in. He would have been better off leaving the apartment and calling the police, holding someone at gunpoint is a serious enough crime that he'd probably be safe for at least several years. I'm all for self defense, I keep a gun, a crossbow and several knives and swords where I can reach them if I ever need them and I wouldn't hesitate to use them against an armed attacker if I thought it was the only way to save my own life. That being said, if I can safely get away from my attacker (which was clearly the case here) I have absolutely no right to come back and kill him later. Yes, but they still intend to charge him of murder, not manslaughter.
As they should. He clearly could have (and in fact, did) gotten away from his attacker safely and he made the conscious decision, instead of running away and calling the police, to grab a weapon and come back and use that weapon. How anyone can argue that it was self defense or even voluntary or involuntary manslaughter is beyond me, it's clearly premeditated murder. Indeed this story is quite odd. If the man had time to get away(which also makes no sense since he claims he was tied up), then he would definitely have time to run out of the door and find safety, instead of finding a hammer and killing the guy. It all sounds like it was premeditated. |
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I hope he's freed and I hope silk road flourishes. All markets should be free in my opinion. I don't use drugs but I don't think I have the right to pass judgement on those who do. I think we steal something away from the potential of our civilization when we oppress others based on how we think life should be lived.
Absolutely wrong in every way. What you're advocating isn't freedom, it's suppression. If you've ever taken drugs(Highly addictive ones i.e crystal meth etc) before or know someone who has, then you'd know that those things don't give people freedom, it takes it away. You, grendel25, is the perfect example of why we need centralization in matters like this. What Ross did was wrong and also right in some respects. He brought the drug exchange to the internet in a simple way, which probably helped curb the violence usually seen in drug trades on the streets. But, he also made drugs more easily accessible to people, especially minors. It's in my honest opinion, that I believe online drug markets should be allowed, with the exception that the exchange of child pornography be completely and wholly banned and that anyone buying drugs be over the age of 21, and the markets should be overseen and monitored by the "feds". The site administrators and staff(as well as the vendors) should be on the lookout for minors trying to get drugs and report them, and definitely on the lookout for the exchange of child pornography. Such exchanges might help stop the violence seen with drug trades IRL, along with making things like this a lot safer and more democratic. **Of course if the site administrators don't listen and abide by those rules, they should be prosecuted to the fullest extent of the law** |
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It was China's "ban" that caused the stopping of buying for Bitcoin from the Chinese, and what made them buy in the first place was the constant uproar in price from the willy bot's buying. I'd say the "Willy" bot contributed to most of the run up, maybe 70%-80%, and the rest was everything else(People buying from the increasing Bitcoin price, Hype, china etc)
The only way Bitcoin could ever reach $1000+ again without the help of a bot artificially inflating the price, is if it becomes widely adopted, meaning millions of people are using it. As of right now, less than 1million people on this earth is using Bitcoin. That's very very small.
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They caught this dude red handed at a library with his computer admin panel still up. Lol. He's toast.
You can get 25 years for serving a couple pounds of cocaine. Running a billion+ dollar cp/drug society = he won't be seeing daylight for most likely the majority of his adult life.
His only, and I mean only hope to escape a life sentence is if they offer him some kind of plea deal where he works with the fbi to crack down against illicit btc operations. Which, I could actually see happening.
I don't see the government offering any kind of plea deal in exchange for corporation to help take down others. The reason those kinds of plea deals are made is to try to convict "bigger fish" however the operator of Silk Road1 is pretty much the biggest fish in the online illegal drug world. I would say his chances of being found not guilty would lie on the chances that evidence will be thrown out because it was obtained illegally Lol, 1 billion a year being exchanged on an online drug site is Small Change compared to what some drug cartels exchange yearly. Yes, Ross's Silk Road was the biggest drug exchange ever on the internet, but it is very far from being the biggest drug operation ever. Leaders of drug cartels have been making billions since the early 1900s, Ross is nothing in comparison. |
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My take on this is, Monero has the option to be traceable and untraceable. What makes it stand apart from Bitcoin, is that it's untracaeablility is very convenient and easy to understand/do, unlike Bitcoin where you have to use electrum to make new wallets everytime, use mixers to switch your coins around, and by the time you're done obfuscating your trace with Bitcoin, days have past, far different Monero where you can simply send coins anonymously with a few clicks.
After all, Bitcoin has marketed itself as something open and transparent, since it was widely thought of as illegal and for drugs only for quite some time. While, Monero will(Monero hasn't been marketed yet) probably be marketed as the "complete package", having both easy to use anonymity and easy to use transparency if needed.
To win the Average Joe, is to have the easiest product to use.
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I really didnt wanna do it, but there just seems to be no fucking bottem... Such a persistent steady down rise. I hope another ALT will rise, Ill hop on ASAP. LTC seems to be moving..
That made me laugh. Litecoin is the last coin I would buy if given a choice. There are only two main niches that I believe cryptocurrencies would be widely used for. 1) Transparency 2) Anonymity #1 is taken by Bitcoin at the moment. #2's winner is yet to be revealed, but is likely by either Monero or Darkcoin. |
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today tried to mine ltc after about half-year of rest and took lots of displeasure Do you use ASIC or GPU? Buying a ASIC to mine Litecoin would be one of the biggest wastes of money. You would never get ROI, as there are hordes of ASIC owners right now mining and selling to try and gain back the money they spent on buying the ASIC, contributing to lowering the price. Not to mention the plethora of scrypt mining websites that have closed due to Litecoin's constant, non stop, fall in price. |
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Litecoin has no use. It offers absolutely nothing over Bitcoin, and is frankly, a shitcoin.
Bitcoin has almost instant transactions between merchants and consumers thanks to Bitpay. Litecoin does not.
Bitcoin has a very secure network with over a 4billion marketcap. Litecoin does not.
Bitcoin is the first cryptocurrency ever. Litecoin isn't even the first altcoin(namecoin is).
Bitcoin has first mover advantage. Litecoin does not.
Bitcoin has ongoing development. Litecoin does not.
Bitcoin has companies, real merchant accepting it. Litecoin does not(Not even one).
Hell, if you want, you can even compare Litecoin to the Shittiest altcoins and those altcoins are still better, why? Because Litecoin has no development, no features, and no usage. It's basically an abandoned altcoin that has hordes of bagholders trying to sell off their stack.
Anyone saying otherwise is a desperate Litecoin bagholder trying to unload their bag on unsuspecting noobs(Practically everyone that has ever bought Litecoin is sadly, a bagholder due to the continuous and everlasting decreases in it's price)
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