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I am not a Litecoin guy, but I agree with this analysis. I am positive that in this time frame, we'll see at least one significant upswing for Litecoin. Personally, I am betting this will be true for most active alt cryptocurrencies, as well.
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is terracoin alive?
Absolutely. |
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Have I been doing too many bitstamp withdrawals lately? The option seems to be gone.
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I just had another fast and flawless bitinstant transaction. Thanks, bitinstant!  |
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I just had another flawless Bitinstant transaction. Bitstamp -> VouchX. Very fast Thank you, Bitinstant! Taking Dwolla out of the equation seems to have helped a lot. |
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I want to register on site, but I can not get the referral code, how do you guys get it?
I didn't need a referral code when I registered. |
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The labels on their BTC/LTC chart seem to be messed up:
Left: Price[LTC] Right: Volume[ BTC ]
Should they be:
Left: Price[ BTC ] Right: Volume[LTC]? I think they should be: Left: Price[ BTC ] Right: VolumeBTCPrice and volume are both expressed in BTC, right? |
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I've noticed the changes, and they do look sharp. I'm glad to see this exchange under active development. So far it's my definite favorite.
I'll mention that VCX is still a great place to place a lowball USD offer for BTC with a chance of getting it filled. USD is scarce on VCX, so it sells for a premium!
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LTC is better in that it is FASTER. I hate having to wait 1 hour to send coins. Litecoin is super fast. go get a cup of coffee come back and its transferred.
It is not faster. This is a myth. The reason you wait 1 hour is because you want to make sure there are sufficient computations behind your transaction that the chance of it being reverted is low. If you want the same security with Litecoin, you need the same number of computations, not the same number of confirmations. That is, it takes just as long (assuming the hash rate is the same, long if it's less). Thank you for pointing this out. I have been quietly thinking that this is an issue for several alternative cryptocurrencies (including my preference, TerraCoin). I notice that some processors wait for more confirmations in TRC than they would for BTC, and I assume that is because they are aware of this issue. |
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infinite divisibility
wat o_O? 0.00000001 BTC = 1 satoshi = smallest possible unit. There are a number of ways in which subdividing Satoshis could be achieved, if desired some day. |
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Bitcoins are not supposed to redistribute wealth evenly nor are they designed for a communist regime.
I like how this thread has so many posters who neither understood the OP or read the rest of the thread. It's not about redistribution. It's about initial distribution, and how Bitcoin looks like a premine to every potential new adopter. I like how so many people think there's a meaningful distinction between the two. |
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My plan has succeeded, Vircurex price is now spiking...  |
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I'm checking and 61 is the buy price. If you want to buy, you'll need to match a sell price, which is at 68 right now. You can always place a lowball offer and see what happens. Somebody bought for $61 very recently. Fiat is at a premium on VCX, and when people want it, they will sell Bitcoins for it at low prices. |
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This idea will probably stop working when word gets out, but it seems to be working for some people. If you watch the BTC/USD market on Vircurex, there is usually a pretty big spread, the price swings pretty wildly, and if you can get some fiat over there and place a lowball buy order, there's a good chance it will be at least partially filled: https://vircurex.com/orders?alt=usd&base=btcAt time of this writing, last vcxUSD is $61, while last mtgoxUSD is $68.90582 Fiat is scarce on Vircurex and is at a premium. The only deposit method for fiat on Vircurex is VouchX. You can obtain VouchX from AurumXchange or from bitinstant.com. The easiest way is probably from your USD bank account -> Dwolla -> bitinstant -> VouchX USD -> Vircurex, but I'm sure there are more economic ways. I did exactly this a couple of weeks ago and got a great deal. I'm fiat-scarce at the moment, though, so I thought I'd share for anyone else who wants to try this out. I am assuming that the situation is probably really similar for vcxEUR. |
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Many companies will never move to bitcoin because of these problem. Oh well.  |
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I've been waiting for this thread to appear. BTW, cryptocoincharts.info has some order book graphs. |
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That is exactly my point. The supply is staying he same, but the people generating that supply are doing it more easily. No they aren't. Not collectively, anyway. Some individuals may see a greater percentage of each days' mined supply. For awhile. But collectively, Bitcoin is not obtained any faster, on average. Think about the move from CPU to GPU: are BTC obtained more easily today with GPU than they were with CPU in the past? Not at all; in fact, it costs more (in terms of resource and time investment, and skill) to obtain BTC today with GPU than it used to cost to obtain them with CPU a few years ago. The transition to ASIC is the same. |
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Continuing, litecoins cannot be redeemed for fiat on vircunex, Yes they can, actually. All currency pairs are enabled for trading on Vircurex. You can trade LTC for USD or EUR, and withdraw the USD or EUR as VouchX or Vircurex coupons. |
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It looks like Al Gore just endorsed Bitcoin  "I'm a big fan of BitCoin" "Regulation of money supply needs to be depoliticized.... especially as it applies to virtual currencies" Link??? |
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Probably caused or exacerbated by (a) above, I've identified what appear to be several gaps in the design:
b) fee policy: most of the developers seem to treat 'fees' as if they're just an anti-DOS measure, and that when mining subsidies get smaller, a "Socialist" model will keep working.
I have yet to see developers advocate a "socialist" model for mining. I really don't think there's a lot of adherents of socialism in the upper echelons of Bitcoin. I could be wrong. |
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