litecoin after bitcoin asics

[bitcool]

Yeah, well, it's not much else than hosting and gambling... I mean I'm all for LTC and I have several machines that mine LTC. It just seems too much of "currency only for mining" to me. I hope that LTC will keep on growing and have more services related to it and more use. Now it's not much...

That's true. but OTOH I still see people on other threads complaining there'e not much to buy with Bitcoin ....

As a community currency, main benefits Bitcoin offers include its global reach, speed, low transaction cost, and immunity from arbitrary monetary inflation. Litecoin has every attributes Bitcoin offers.

For a alt-chain currency to survive, it needs to pass two tests: achieving a "safe" network hashing rate, and establishing a "core" user group. With every day goes by, confidence in LTC increases.

As long as the BTC/LTC and LTC/USD convertibility is there, a more relevant, glass-half-full fact is: Litecoin can buy every goods/service offered in the Bitcoin world.

[Rubberduckie]

Smoothie, please could you change your avatar to someone better looking (not very hard I know)

How about this guy: 

[smoothie]

Smoothie, please could you change your avatar to someone better looking (not very hard I know)

How about this guy: 

OMG I'm seriously rolling on the floor laughing!!!!!!!

 

[smoothie]

Rubberduckie thanks for the new avatar. Now I can really say that is Luke Jr.

 

[Liquid]

ROFL

[Rubberduckie]

Rubberduckie thanks for the new avatar. Now I can really say that is Luke Jr.

 

I just googled Luke Snr 

[smoothie]

Rubberduckie thanks for the new avatar. Now I can really say that is Luke Jr.

 

I just googled Luke Snr 

ROFL!!!!!!

[DoomDumas]

sorry for quite unrelated post, but, as a GPU miner, I wonder if mining some LTC to hoard for the future could be a nice move..

Is btc-e.com a good reference, is there other trading service ?

any bitcoinWatch equivalent for LTC ?

PM me please

[smoothie]

sorry for quite unrelated post, but, as a GPU miner, I wonder if mining some LTC to hoard for the future could be a nice move..

Is btc-e.com a good reference, is there other trading service ?

any bitcoinWatch equivalent for LTC ?

PM me please

litecoinpool.org/stats will give you similar type information

[DoomDumas]

litecoinpool.org/charts did'nt load.. bad start

[Rubberduckie]

sorry for quite unrelated post, but, as a GPU miner, I wonder if mining some LTC to hoard for the future could be a nice move..

Is btc-e.com a good reference, is there other trading service ?

any bitcoinWatch equivalent for LTC ?

PM me please

It's a gamble either way, but I suspect LTC price will rise. Depends on your mining costs I guess

[smoothie]

litecoinpool.org/charts did'nt load.. bad start

its been up and down past few days. Usually its pretty stable. Try again in an hour.

[VeeMiner]

Yeah, well, it's not much else than hosting and gambling... I mean I'm all for LTC and I have several machines that mine LTC. It just seems too much of "currency only for mining" to me. I hope that LTC will keep on growing and have more services related to it and more use. Now it's not much...

That's true. but OTOH I still see people on other threads complaining there'e not much to buy with Bitcoin ....

As a community currency, main benefits Bitcoin offers include its global reach, speed, low transaction cost, and immunity from arbitrary monetary inflation. Litecoin has every attributes Bitcoin offers.

For a alt-chain currency to survive, it needs to pass two tests: achieving a "safe" network hashing rate, and establishing a "core" user group. With every day goes by, confidence in LTC increases.

As long as the BTC/LTC and LTC/USD convertibility is there, a more relevant, glass-half-full fact is: Litecoin can buy every goods/service offered in the Bitcoin world.

Well, as far as I am concerned for the time being, I will mine couple hundred LTC and convert the rest to BTC. I hope that LTC will achieve a lot in the future, but I have much more trust in BTC then LTC... It's true that LTC can buy anything that BTC can, but the conversion rate is pretty low right now...

[bitcool]

but I have much more trust in BTC then LTC... It's true that LTC can buy anything that BTC can, but the conversion rate is pretty low right now...

Everyone has his own choice, if you like to mine and sell ltc, good for you.
But judging from price action lately , a lot of people are doing the opposite, precisely for the same reason -- ltc /btc conversion rate is too low.

The way i see it, if the "nature" rate between gold and silver is 1:4, but now it's like 1:200, I'd be happy to give you my gold and take your silver off your hands

[Liquid]

BTC = Digital Gold

LTC = Digital Silver

PPC = Digital Cash

IMO lol

[ajareselde]

seams some people were looking at this thread and realised something, coz last night LTC/USD had peeks of 0,10$/LTC and difficulty is starting to rise in an unusual rate

cheers

[smoothie]

BTC = Digital Gold

LTC = Digital Silver

PPC = Digital Cash Piss

IMO lol

Sorry I couldn't help my self. FTFY 

[RicRock]

sorry for quite unrelated post, but, as a GPU miner, I wonder if mining some LTC to hoard for the future could be a nice move..

Is btc-e.com a good reference, is there other trading service ?

btc-e is the place I use for Litecoin

[Liquid]

BTC = Digital Gold

LTC = Digital Silver

PPC = Digital Cash Piss

IMO lol

Sorry I couldn't help my self. FTFY 

[MaximousDarwin]

BTW, I agree too...

ASICs won't be only bad to Bitcoin, but also for other cryptocurrencies as well.
In fact, it can be even worse for currencies like LTC and PPC, as they are weaker than BTC.

But are those ASICs' price for real?
I mean, shouldn't it be higher? For example, Butterflylabs 1500 GH ASIC costs $30k. But we are still talking about 1.5 TH, which it's just crazy.