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bitcool
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September 14, 2012, 06:51:35 PM
 #21

I hope LTC does not fail but it is intrinsically linked to BTC.  If BTC prospers, LTC stands a chance.  If BTC fails, so will LTC.
I'm not sure they're this tightly related, for one thing, user community and market's  reaction to post-GPU mining can be a big differentiating factor.
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September 14, 2012, 07:00:14 PM
 #22

A competitor to bitcoin needs to be fundamentally different... like instead of dedicating computer power to a block chain, dedicating it to gene folding (or something altruistic).


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September 14, 2012, 07:14:13 PM
 #23

A competitor to bitcoin needs to be fundamentally different... like instead of dedicating computer power to a block chain, dedicating it to gene folding (or something altruistic).


There has been plenty discussion on that, but haven't seen a reasonably good solution.
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September 14, 2012, 08:02:06 PM
 #24

I hope LTC does not fail but it is intrinsically linked to BTC.  If BTC prospers, LTC stands a chance.  If BTC fails, so will LTC.
I'm not sure they're this tightly related, for one thing, user community and market's  reaction to post-GPU mining can be a big differentiating factor.


The thing is, its the same people interested in both.  You will find very few people who shun BTC and love LTC.  It will be the same crowd, just working out which offers the best mining opportunities at any given time.



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bitcool
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September 14, 2012, 09:26:05 PM
 #25

The thing is, its the same people interested in both.  You will find very few people who shun BTC and love LTC.  It will be the same crowd, just working out which offers the best mining opportunities at any given time.
And that's when LTC's speculative value comes into play: volatility and cheap price.

As a BTC hoarder, I don't like my odds in playing  HYIPs, bets, gambling, loan, etc, I don't like keeping all my btc on a USB sitting in my safe either. I consider LTC as my own BCST  Wink

Because it's so cheap (1:100 after adjustment to totalmax. coins in existence), I can get reasonable exposure without worrying about loosing them all. If it becomes zero, I'll just tell myself LTC pirate got killed in a car accident and took my money with him Grin Grin Grin
Monkey1
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September 14, 2012, 10:02:06 PM
 #26

But LTC has steadily decreased in value over the past few weeks.  If you bought it for BTC you have lost (especially as BTC has appreciated compared to fiat).I prefer to have my BTC invested in something, earning me money!!



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bitcool
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September 14, 2012, 10:30:29 PM
 #27

But LTC has steadily decreased in value over the past few weeks.  If you bought it for BTC you have lost (especially as BTC has appreciated compared to fiat).I prefer to have my BTC invested in something, earning me money!!
I really don't care that much. High reward is always associated with high risk. (Not BCS&T though Wink )
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September 14, 2012, 10:48:15 PM
 #28

All LTC does is undermine BTC, slightly.
bitcool
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September 14, 2012, 10:54:10 PM
 #29

All LTC does is undermine BTC, slightly.
That's like saying Mars missions are undermining earth, slightly

Of course it will take some resource away, but it increases diversity and improve human's probability of surviving.
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