You actually could use your USD anywhere in Europe, by simply exchanging them for EUR, pretty much same process as exchanging BTC for LTC. Actually BTC-E does exactly this, they can exchange your USD for EUR or your BTC for LTC.
You just proved my point. If I'm going to Europe I need to exchange my USD because the Euro is different than USD. I could exchange BTC for LTC or vice versa...but why? They do the exact same thing. I gain nothing from trading BTC for LTC except to maybe dump the LTC later or run back to BTC when Super-LTC gets released. |
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Explain?
Sigh. One of (if not the) biggest draw of bitcoin is that the 21million hardcap prevents inflation. Whenever some script kiddie makes their own alt-coin it is a basic attempt to create inflation and devalue other coins. It's not like LTC has any physically unique properties that truly differentiates itself from bitcoin. There's more of them and the confirm "faster", but it's use is exactly the same. People are smart enough to realize that if any alt-coins actually become worth anything, they'll be playing a losing a game. Why buy bitcoin or anything else if some emo-kid can just make a new fork-coin and devalue what I have over and over? If you're worried about bitcoin, dump your LTC, buy some real coin and the world will be better for it. I don't understand the logic, crytocoins is not a zero sum game. What you are saying is there's Apple, Microsoft, IBM on nasdaq, and if we have a new company called Google, we are de-valuing all the other companies. That's a ridiculous logic. I'm saying it IS a zero sum game. When Microsoft competes against apple, they are producing new products that are better and better that people demand and will continue to consume. Even gold and silver have different physical properties that can be used which differentiate themselves from one another. LTC does the exact same thing as bitcoin. First LTC isn't the exact same thing as BTC, there are several significant differences, confirmation time, mining hardware requirement, block size and divisibility. Second, even things that are exact the same, can become non-zero sum game. Consider USD and EUR, they function exactly the same, fiat money to be used as legal tender, are they a zero sum game? more USD means less EURO? Your logic is still ridiculous. You're just proving that you haven't spent a lot of time thinking about this. The difference between USD and Euro, really? I need to explain this? I'm in Europe can I use USD just anywhere? Oh gee golly I can't. That means there's some sort of difference between the two. Also, they way the governments behind each backs/prints/controls/taxes/ect creates real differences. Those differences between LTC an BTC are so minor and really don't amount to much. Do we have some sort of divisibility issue with BTC? No, so whatever LTC divisibility there is is moot. Mining requirement? It'll be upgraded eventually just like BTC went through if it were to take off. The only one that I can see that has an edge is maybe confirmation time. But again, as soon as super-litecoin that is 5X faster then LTC is worthless and the whole thing dies. |
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The worst part about Litecoin is not it's pointless technical differences but that it is essentially a ponzi scheme: Doomed to collapse, and rewards early adopters (who know it will fail). This explains why Litecoin fetishists are absolutely the most vocal segment of the board in promoting their alternate "cryptocurrency."
You realize what you said is actually more accurate describe Bitcoin? There's nearly no early Adopters in Litecoin, mining power was significant from day one, coin value has been quite stable from the start. While you're right that this is what people said about BTC, I do think it applies to LTC much more. The LTC folk got emo-sad they couldn't print their own money anymore so made a new coin to scam...er...encourage people to adopt. Do you think they have any sort of true belief in their idea? Of course not. If LTC picked up at all they'd dump, create a new coin and say "No, we're using this one now. It's so much FASTER!" |
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Explain?
Sigh. One of (if not the) biggest draw of bitcoin is that the 21million hardcap prevents inflation. Whenever some script kiddie makes their own alt-coin it is a basic attempt to create inflation and devalue other coins. It's not like LTC has any physically unique properties that truly differentiates itself from bitcoin. There's more of them and the confirm "faster", but it's use is exactly the same. People are smart enough to realize that if any alt-coins actually become worth anything, they'll be playing a losing a game. Why buy bitcoin or anything else if some emo-kid can just make a new fork-coin and devalue what I have over and over? If you're worried about bitcoin, dump your LTC, buy some real coin and the world will be better for it. I don't understand the logic, crytocoins is not a zero sum game. What you are saying is there's Apple, Microsoft, IBM on nasdaq, and if we have a new company called Google, we are de-valuing all the other companies. That's a ridiculous logic. I'm saying it IS a zero sum game. When Microsoft competes against apple, they are producing new products that are better and better that people demand and will continue to consume. Even gold and silver have different physical properties that can be used which differentiate themselves from one another. LTC does the exact same thing as bitcoin. |
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Explain?
Sigh. One of (if not the) biggest draw of bitcoin is that the 21million hardcap prevents inflation. Whenever some script kiddie makes their own alt-coin it is a basic attempt to create inflation and devalue other coins. It's not like LTC has any physically unique properties that truly differentiates itself from bitcoin. There's more of them and the confirm "faster", but it's use is exactly the same. People are smart enough to realize that if any alt-coins actually become worth anything, they'll be playing a losing a game. Why buy bitcoin or anything else if some emo-kid can just make a new fork-coin and devalue what I have over and over? If you're worried about bitcoin, dump your LTC, buy some real coin and the world will be better for it. |
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Enough with these threads. There is no spam. The network is super healthy. SDice is using something cheap and they're paying for it. Delete these threads! You don't get to pick who uses bitcoin for what. If you don't like it, go print your own fiat and regulate it however you want. If you don't trust the design of bitcoin to sort this stuff out then don't use bitcoin. I don't like how YOU use bitcoins but nobody gives a shit. Also, abolish the dumb max block size limit and the "problem" is solved. https://bitcointalk.org/index.php?topic=149745.0That's a bad idea, creating a hard fork is bad for the confidence of Bitcoin. So we hard fork the coin now to increase the block size, what's next? hard fork the coin to increase the 21M coin limit? LTC undermines cryto-currency in its entirety, so obviously you don't care to much about that. |
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LTC is a joke. Next please.
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I'm standing by my claim that if you sell under $45 you're dumb, under $44 you're crazy dumb.  |
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After reading OP all I have to say is....da fuuuuuuuuuq?
I think I might just through a few bets into SD just to cleanse myself from all the FUD you just posted.
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You never know, he might have multiple convictions but no one will know until the church opens their records.
Ba-ZING |
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good night, I sold  Well, I'm sure someone out there is thankful for you selling them real cheap coins. |
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The Crash Continues!  Oh no! The price is...exactly where it's been most of the day? Whaaaaaaaaaaaaaaaaaaaaaaaaaa? |
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@adamstgBit
Perhaps its time to lock this thread and start a new one? Screen is almost filled with page numbers as this thread is getting a bit too long.
Don't do it adam. Be bullish on your on thread at least.  |
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'only', you can use my old avatar. But it's irritating me. idk At first sight I thought somebody gained access of my account. lol
I'm in love with it. Are you a bull or a bear, btw? Is this the new version of a/s/l? a/s/BorB? |
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The best thing that can happen for bitcoin stability is that the price bounces around in the 40-45 range for a couple of weeks. This will
make a great base for the next leg up.
if the price starts to show signs that its over priced (ex every time we get close to 50 it crashes hard) the market will start heading down... So, if it goes up to much, it's gonna crash. If it doesn't go up, it's gonna crash. If it goes down, it's gonna crash. Bears: Trying to claim every possibility as a victory. |
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If Mt. Gox can keep it's shit together, up. It seems people stop buying when the lag hits, but people get scared about not knowing what's happening and sell to be on the safe side. I blame Gox for bringing us below $45 again.
Time for another exchange, maybe? Nothing wrong with a bit of competition and it means less chance of a single point of failure. You may well be right. I know if I started losing control of my funds, I would be looking to get them out ASAP. I don't trade on Mt.Gox directly, so if everyone wants to move that's fine by me! |
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If Mt. Gox can keep it's shit together, up. It seems people stop buying when the lag hits, but people get scared about not knowing what's happening and sell to be on the safe side. I blame Gox for bringing us below $45 again.
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I blame Mt.Gox lag for the lack of stickyness of $45! Grrr
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