It is possible. It is also possible since they have made tens of millions of dollars in profits that they don't care trying to make a bit of dodgy money and risk ruining their reputation.

Nope. PPC has coped perfectly well with ASICs. It's difficulty algorithm adjusts pretty much continuously so ASICs jumping on and off the network don't cause spikes in difficulty.

Doing maintenance - removing CNC and adding DGC?

They're up for me! 

It's amazing how you turned so much fluff and hot air into a long list.

Can you tell us who your service provider is?

Nice.

Some other interesting points showing Litecoin to be more secure than Bitcoin are also presented here: http://www.reddit.com/r/litecoin/comments/1cssqr/the_math_why_litecoin_is_more_secure_than_bitcoin/

Wait to Litecoin starts getting mainstream publicity after going on gox and journalists start picking up on these facts. They love to turn these things into wars, it makes more of a story.

Lol this Seth guy is clueless.

Just because Litecoin can't (yet) be used for million dollar arbitrage possibilities does not make Litecoin useless as an arbitrage tool. It will be used successfully for small arbitrage that the order books allow.

You're also basing things on the current market cap of 2.7% which Litecoin enjoys. That could easily go up a lot when it starts being traded on mtgox, more bitcoin accepting merchants start accepting it, people use it for arbitrage, publicity sky rockets as the press report on it more etc etc.

Let's turn this question upside down, what value does Bitcoin add over Litecoin or PPCoin?

When you think about it, the answer is not much. What gives Bitcoin much more 'value' is that it's more widely known, more widely used and merchants accept it much more. It's not the technical specifications, it's the community support it has built up with people campaigning for merchants to accept it and seeking to drive publicity upwards. That's why it's $100 and not litecoin. And that is why Litecoin is $2.7 and not Feathercoin. And so on.

In the coming months you are going to see Litecoin go through the same baby steps Bitcoin took and slowly start gaining more publicity outside of this niche subforum. Litecoin going on mtgox will enable a litecoin payment processor to work efficiently and will in turn lead to a surge of businesses that accept bitcoin also accept litecoin.

Wtogami thanks so much for your efforts. It's truly appreciated.

Kesley please go back to begging for 'sexcoins', idiot.

Agreed.

It's so much more than just increased demand. Litecoin going on mtgox paves the way for a legitimate payment processor to be built which will lead to a flood of new businesses accepting LTC (basically a chunk of the  businesses that already accept Bitcoin).

Then there is the increased media exposure and attention Litecoin will receive. That in itself will cause a long term boost as Litecoin will get mentioned more and more alongside Bitcoin in the future. In fact the media will spin it into a Bitcoin vs Litecoin war, because they love stories like that. This is all very good for Litecoin.

We are going to see Litecoin go through exactly the same steps Bitcoin did. And in the process the Bitcoin price will tank and the Litecoin price will go up.

Warning to you guys, this site has sloppy security protocols. I could steal funds from this site right now if I wanted to because it has holes in it's security (I am not referring to the lack of https, although that is something else which is not good enough imo).

In case you guys think I am bashing/troll, cryptsy is fine when I checked it for these vulnerabilities at launch.

Melting over here

Litecoin up more than 50% since the gox announcement 24 hours ago. 

Even the price of BTC is highly speculative. 

One way to look at it is from a very simple perspective (I like to be simple). Litecoin is in high demand and there is a ton of hype around it. It makes sense to buy a bunch and ride the wave upwards. Kind of like how the media went crazy about BTC when it broke $32 and the bitcoin hype train started.

I support v1 and I am opposed to Solracx's v3 which has the 50% mining tax on it.

When mtgox takes litecoin and a payment processor comes out that allows businesses that accept bitcoins to easily accept litecoin, it seems a foregone conclusion litecoin will go to $20 in the next 3-6 months.

Yes I am biased as I have a huge amount of them but that is why I haven't sold them. It takes very strong hands to hold a coin from 3 cents all the way up to 5 dollars and back down to 2 dollars, when you hold a shit ton of them. But I've done that because I am 95% sure I will be kicking myself for the rest of my life if I panic cash out.

The Winklevoss twins who own 1% of bitcoins bought them when Bitcoins were in the high single digits (ie 9 dollars). When they see litecoin come on the scene and surge to $10, what do you think they and other investors are going to do? I doubt they will panic but they will be smart and some of them will want to hedge their bets and reduce their risk.

It's going to be very interesting watching how the market reacts. It's not impossible that Bitcoin could tank downwards gradually in the next 6 months whilst Litecoin rises.

Dream big gentlemen. We're unlikely to get another opportunity like this.

Direct link here: facebook.com/MtGox/posts/484532824964463

"6) As risky as it is to invoke the name of Litecoin (LTC???), we must apologize for not keeping everyone up to date. The fact is that the current situation means a continued delay, but for good reasons. We’re looking at July right now, though that depends on a few things. Mainly, we want to do things correctly from the beginning."

Full statement of mtgox activity here: https://www.facebook.com/MtGox

WDC has that crowdfunding/kickstarter type project being developed. 50,000 WDC have been successfully raised to start it. There's also a mining patch in the works to reduce the stales.

Remember, there is also a lot more WDC in circulation than DGC. Increased supply lowers price and they are both very similar coins that launched around the same time. Imagine if when Bitcoin was released a clone was also released that was similar except it's block reward was 3 times bigger and thus 3 times as many coins were in circulation... you would expect the clone to be 3 times cheaper. You get the point...

DGC has a more active dev. Actually, DGC dev seems to be one of the most active devs we have ever seen. I bought a bunch a while back purely because it's so rare to have such a good developer.