Litecoin is Chinese or American?

[applelover]

How much trading volume is there on litecoin on chinese exchanges as opposed to non-chinese exchanges?

all i know is that btc-e carries it and btcchina does not.

[bryant.coleman]

Average daily trade volume in BTC-China is about 500,000 - 1,000,000 LTC in BTC-E.

The volume is around 2,000,000 - 2,500,000 LTC in OK Coin.

[applelover]

what do you mean? theexchange bttchina doesn't sell litcoins.  do you mean other exchanges that are in china? can you link me somewhere i can see specifics?

[bryant.coleman]

what do you mean? theexchange bttchina doesn't sell litcoins.  do you mean other exchanges that are in china? can you link me somewhere i can see specifics?

He was inquiring about exchanges in China such as OK Coin which deals in LTC / CNY trading.

[franky1]

pick a random number out of the air, and that will be a good enough number to work out population base of who owns what currency. I say this because i trade on bitstamp, btc-e and china.. yet im british. so where you trade does not mean the population is based their.
what i have found which may be more important. concerns the legal regulations side of the FIAT exchanging sites.

litecoin dev team is in majority European.
feathercoin dev team is majority british
Bitcoin dev team is majority american
ozcoin dev team is majority australian.

when it comes to these dev teams registering their "foundations" exchanges and businesses this will become the deciding factor of which law the coin mainly follows. i personally wished the bitcoin 'foundation' was called a 'consortium' thus not needing to make a charity/corporate listing which the U.S law demands by being called a 'foundation'.

the bitcoin crew could have still set their own rules about forming a board, setting goals, agenda's. but not having to do it by U.S law requirements. but more so by moral and democratic choice of the team to want it set up in such a way.

i know what i just said may not be of importance to you, but knowing the residence of the businesses linked to the coin far outweight the residences of the investors

[btcrich]

the bitcoin crew could have still set their own rules about forming a board, setting goals, agenda's. but not having to do it by U.S law requirements. but more so by moral and democratic choice of the team to want it set up in such a way.

Considering that Bitcoin is an open source project, anyone can actually modify the client and release updates.  It's up to the users to decide whether to adopt the update or not.  I think if any local laws were impeding the progression of Bitcoin in some way, an offshore team could then move things forward if needed.

A consortium rather than a foundation sounds pretty interesting and could possibly make better sense.

[franky1]

the bitcoin crew could have still set their own rules about forming a board, setting goals, agenda's. but not having to do it by U.S law requirements. but more so by moral and democratic choice of the team to want it set up in such a way.

Considering that Bitcoin is an open source project, anyone can actually modify the client and release updates.  It's up to the users to decide whether to adopt the update or not.  I think if any local laws were impeding the progression of Bitcoin in some way, an offshore team could then move things forward if needed.

A consortium rather than a foundation sounds pretty interesting and could possibly make better sense.

which is why im liking china taking over the volume of BTC making the yanks not the main hoarders. just need a few new clients developed from other countries that are as full as the QT client (include blockchain) but with other features (better UI)