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Agree WDC is proof that a well designed and executed coin, with pre-release announcement and excellent marketing, can still succeed
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Quoting the LiteCoin Wiki RE: confirmations needed:
"The Litecoin blockchain differs from Bitcoin in that it generates blocks every 2.5 minutes on average (four times Bitcoin's rate). This means that merchants who accept transactions only 1 block deep get that confirmation quicker. However, it should be noted that more blocks are required to achieve the same amount of confirmation strength as Bitcoin (6 blocks of litecoin are not equivalent to 6 blocks of bitcoin)"
The faster speeds of these coins only matter if the buyer is not concerned confirmation strength.
For equivalent confirmation strength, WDC FTC BTC and LTC all take the same amount of time {{ based on my understanding ; experts please chime in and tell me if I'm wrong ! }}
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What's wrong with the firecoin avatar? Love or hate FC2, it is some of the nicest artwork out there
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Why on earth would WDC, a new and obscure coin that is a fork of a fork, replace LTC - a well established coin ?
Similar to the failed FTC and CNC, it offers nothing new.
Fast transactions times are a myth. An LTC trade can be trusted after only 4 confirms but a WDC trade would require 40 or more.
During the "boom days" of a coin as hash rate is increasing, blocks are also processed at an unrealistically fast speed.
Once difficulty fully adjusts, the coin will become much slower and anyone who cares about their money (i.e. any merchant or exchange) will want to wait for 40 confirms
bitcointalk has been fortunate that none of the scam sellers are sophisticated enough to fake confirmations
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Have to start somewhere! I will offer 1 LTC for the entire lot of 7200 JKC
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It is not really hurting the old coins most people don't even know all these new ones exist. So far, the only ones to appear on an exchange are CNC, FTC, and YAC and they aren't exactly lighting the world on fire over there. Very low prices. Very low volume.
The rest of the coins are just a peculiarity of this message forum. A few people download, mine, and trade the coins as a hobby. Think of bitcointalk as the "pink sheet" of coins lots of penny stocks most of which go nowhere
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Yes it is up to 700 mh/s astonishing that exchanges still have the forgotten FTC and CNC but not this hot and popular coin
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I would like to be added to the safe traders list if possible. Here is my reputation thread: https://bitcointalk.org/index.php?topic=201648.0I have also concluded a number of transactions out in public including a sale of 250 WDC to megablue a few minutes ago |
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5 LTC total received that concludes our transaction. Thank you megablue for a quick and clean purchase !
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4 LTC total received. Thank you. Final 50 WDC are on the way:
Date: 5/17/2013 09:24
To: WTi8FbE64QaootTRdY4pDFyxw333wzRfKf
Debit: -50.00 WDC
Net amount: -50.00 WDC
Transaction ID: d3dd0244d9bb7476bdb406ebaac9c8c4f27de379a7be7b3ba4bde664d4caa8ca
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2 LTC received. Second 100 WDC is on its way:
Date: 5/17/2013 09:21
To: WTi8FbE64QaootTRdY4pDFyxw333wzRfKf
Debit: -100.00 WDC
Net amount: -100.00 WDC
Transaction ID: d188e0b6dd5f18a2559c72dfcfc047d7af52fcc40564c66cb4b77e3759db7034
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First 100 sent:
Date: 5/17/2013 09:17
To: WTi8FbE64QaootTRdY4pDFyxw333wzRfKf
Debit: -100.00 WDC
Net amount: -100.00 WDC
Transaction ID: 9ba80fe67254587494cae7a80e429f6e3981d3893802ad10c2aff6df07016a80
Waiting for payment to my LTC address:
LZiwDDDwzoMixCCPAAAL95W8TnSom49cPu
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megablue - I have 250 to sell you for 5 LTC. My LTC address is LZiwDDDwzoMixCCPAAAL95W8TnSom49cPu
Let me know if interested I believe we did some trades yesterday. We can structure as 100 for 2 LTC, 100 for 2 LTC, and the last 50 for 1 LTC. I can send first
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People are buying at 2 LTC per 100 WDC. Nobody I know is paying 2.5. If anyone is paying 2.5, I have 250 to sell you *RIGHT NOW*
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Updated my price WTS 250 WDC for 5 LTC total (2 LTC / 100)
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WTS 250 WDC for 5 LTC. Asking that buyer pay first I am a reputation seller.
Please PM me if interested
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Keep in mind that LTC can be sold instantly on a market. Selling WDC on here takes:
(1) A lot of time. How much do you value each hour ?
(2) Some risk of getting scammed. This can be minimized by asking buyers to send first but that reduces the maximum price you can ask
We saw with YAC that it sold very high on here but quickly got crushed down to LTC or worse profitability when it appeared on an exchange
The exchange brings out all the "lazy", and I don't mean that term quite literally, sellers who would rather do a minimal time commitment than spend hours on here haggling
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