Time to switch on litecoin. BITCOIN IS DEAD for normal miner

[mah87]

I switched this morning. More profitable. I think it's a good bet.

What do you think about that ?

[1715200799]

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[1715200799]

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[mccorvic]

I think you may be able to sucker a few people into thinking scamcoin is interesting.

Crytocurrencies were never about being able to print your own money. They were about building a new economy.  Instead of wasting time/effort on whatever-coin, try to do something useful and be apart of BTC.

[BR0KK]

Keep its dead .... Move on

[3btc]

Scamcoin? Only time will show - LTC has its benefits.

mah87, wait until saturday - will more profitable (or less money-wasting, respectively) once difficulty drops again   

[crazyates]

Crytocurrencies were never about being able to print your own money. They were about building a new economy.  Instead of wasting time/effort on whatever-coin, try to do something useful and be apart of BTC.

This, 1000 times this.

[juhakall]

Scamcoin? Only time will show - LTC has its benefits.

mah87, wait until saturday - will more profitable (or less money-wasting, respectively) once difficulty drops again  

what about saturday ? why not sunday ? mondya ?

Because LTC difficulty has been jumping between 25-45 since BTC reward halved. It seems to always go from one extreme to another. Currently it's at 43 and is falling below 30 in about two days. Then you have a couple days window of high profitability with LTC, until difficulty rises again. It's not exactly hard to figure out what's going on here

[crazyates]

Crytocurrencies were never about being able to print your own money. They were about building a new economy.  Instead of wasting time/effort on whatever-coin, try to do something useful and be apart of BTC.

This, 1000 times this.

Totally wrong. It's not about building a new economy, it's about using a new way to pay over the internet...

WTF do you think an "economy" is?

[foggyb]

Crytocurrencies were never about being able to print your own money. They were about building a new economy.  Instead of wasting time/effort on whatever-coin, try to do something useful and be apart of BTC.

This, 1000 times this.

Who made the rule that there is only room for ONE cryptocurrency? The market will decide that. There are lots of interesting ways for a lesser and greater cryptocurrency to complement one another.

[mccorvic]

Who made the rule that there is only room for ONE cryptocurrency? The market will decide that. There are lots of interesting ways for a lesser and greater cryptocurrency to complement one another.

Actually, no, there really isn't. Any reason I've ever been given that any other coin can "complement" BTC has been weak at best and amounts to "because I want to print my own money still *boohoo*".  The only possible goal of LTC, as I've said before, is to ruin the idea of cryptocurrencies in general. There have been lots of people who have been turned off from BTC simply because LTC and other alt-coins exist.

"Why waste time on money on BTC if people could just jump over to the exact same thing with a different name and leave me broke? Sounds like a scam" Hence: scamcoin

Now, the market WILL decide. It'll decide that you're a victim of a pump-dump scam and you've just wasted your time. I'm just trying to help you out and tell you that you could be doing something productive with BTC instead of being an emo-kid that's upset you can't print your own money.

[deadweasel]

Who made the rule that there is only room for ONE cryptocurrency? The market will decide that. There are lots of interesting ways for a lesser and greater cryptocurrency to complement one another.

Actually, no, there really isn't. Any reason I've ever been given that any other coin can "complement" BTC has been weak at best and amounts to "because I want to print my own money still *boohoo*".  The only possible goal of LTC, as I've said before, is to ruin the idea of cryptocurrencies in general. There have been lots of people who have been turned off from BTC simply because LTC and other alt-coins exist.

"Why waste time on money on BTC if people could just jump over to the exact same thing with a different name and leave me broke? Sounds like a scam" Hence: scamcoin

Now, the market WILL decide. It'll decide that you're a victim of a pump-dump scam and you've just wasted your time. I'm just trying to help you out and tell you that you could be doing something productive with BTC instead of being an emo-kid that's upset you can't print your own money.

+1

[juhakall]

Scamcoin? Only time will show - LTC has its benefits.

mah87, wait until saturday - will more profitable (or less money-wasting, respectively) once difficulty drops again  

what about saturday ? why not sunday ? mondya ?

Because LTC difficulty has been jumping between 25-45 since BTC reward halved. It seems to always go from one extreme to another. Currently it's at 43 and is falling below 30 in about two days. Then you have a couple days window of high profitability with LTC, until difficulty rises again. It's not exactly hard to figure out what's going on here

and what's going on here ? cause I can't guess sorry

Some people are hopping to LTC mining whenever it's more profitable, and then back to BTC when difficulty goes higher and it becomes less profitable. Those who mine LTC continuously have to suffer through the periods of high difficulty with less profitability than BTC mining, while the "coin hoppers" maximize their profits all the time. Their effect on BTC difficulty is much less (if at all) noticeable.

[mccorvic]

Bitcoin economy almost doesn't exist. Bitcoin is HIGHLY speculative, saying that bitcoin is heaven and that litcoin don't have a future is just dumb. MAYBE BITCOIN WILL DIE AND LITCOIN WILL REPLACE IT 

Whoa, calm down bro.

BTC vs your scam coin. For every site you can name that directly accepts scamcoin, I'll name 3 that take BTC.

[mccorvic]

Bitcoin is 4years old , Litecoin is 1years old so yes it's not suprising that you can find more bitcoin project ....!!!

Alright. I win. That was much easier than I thought.

You admitted BTC does have an economy. Thanks.

[mccorvic]

I never said the contrary... LOL you win what ..? you kid.

Bitcoin has an economy but a weak one compared to speculation! (and I agree it's worst for litecoin actually).

But Litecoin has the advantage to be faster and it could find a place!

Bro, my friend, 4 LTC confirmations are less secure than 1BTC confirmation. The speed is just a lie.

And what I won, pal, is that you admitted that the only people that use LTC are people who are hoping to pump and dump. No one is willing to actually accept it in exchange for anything else.

[mccorvic]

The speed is a reality pussycat. IT'S SECURE ENOUGH . WHATEVER ALL THIS SHIT IS FOR SPECULATION .
Bitcoin economy = miner=speculation & mining at 85%

So why not for litecoin ?

I'm gonna buy 15 000 litecoin tomorrow.

OK, this is what I've learned:

1.You don't really know what speculation means.

2. You don't understand that LTC is just being bought by people who hope to sucker enough people in that it'd be worth it to dump.

3. That BTC is actually used for goods and services. Thus, this means your argument is invalid. Thus, you don't know when you've been beaten.

[mccorvic]

"beaten" ? you definitely a kid.

Ok so I'm pretty sure that you don't know that 75% of bitcoins are stored ==> speculation.

100% of the actual transactions are based on 25% of the total of the mass. THIS is speculation.
If you take away satoshi dice, silkroad &co ; real economy = super weak.

tell me more about you're heaven... and LOL teach about what speculation is, make me laugh.

Re-read this thread and you'll get there eventually.

/thread

[3btc]

Oh mccorvic, come on - a loose definition of money is "what one idiot has and another idiot wants" and therefore I see quite a huge potential for BTC, LTC and even nutshells (once trees become extinct)  

Time will tell...

And here's a little graph to illustrate what juhakall said:



edit: from http://www.litecoinpool.org/charts

[mccorvic]

You just don't realize that bitcoin economy is super weak. Not saying it won't grow and become big but at the moment the "economy" youa re talking about is just hidding a huge speculation.

instead of being smart just answer that

Answer what? You didn't even ask a question. 

I'm curious then.  When will BTC be an economy then? What parameters are required for you be satisfied with it?  I know the answer: You don't know and you don't care.  If you did know and you did care, you wouldn't be so adamant about arguing that it doesn't.  I have no trouble spending BTC to acquire whatever it is I want. None. Zero.

If I had 15k LCT what could I do? Buy some BTC?

Second Question: What will you do if LTC go so big that you got pushed out of mining again? The answer: Move onto the next scam coin so you can print your own money again.

[mccorvic]

Of course! If mining wasn't profitable people would not mine. So either you change your technology either you mine something else.

My point is that the actual bitcoin value is 90% because of the speculation. The bitcoin demand is not from and for real goods/services exchange but for people who want to enter in this new trendy game that is called bitcoin.

You should read more and read more about economy in general.

Sweet baby moses, you don't know when to quit! You just admitted that you just hope to pump-dump and scam.  It's not about the economy, it's not about cryptocurrencies actually making a difference. It's about scamming to you.

Close your account. Get off these boards. Go play WoW or something.

[foggyb]

Who made the rule that there is only room for ONE cryptocurrency? The market will decide that. There are lots of interesting ways for a lesser and greater cryptocurrency to complement one another.

Actually, no, there really isn't. Any reason I've ever been given that any other coin can "complement" BTC has been weak at best and amounts to "because I want to print my own money still *boohoo*".  The only possible goal of LTC, as I've said before, is to ruin the idea of cryptocurrencies in general. There have been lots of people who have been turned off from BTC simply because LTC and other alt-coins exist.

"Why waste time on money on BTC if people could just jump over to the exact same thing with a different name and leave me broke? Sounds like a scam" Hence: scamcoin

Now, the market WILL decide. It'll decide that you're a victim of a pump-dump scam and you've just wasted your time. I'm just trying to help you out and tell you that you could be doing something productive with BTC instead of being an emo-kid that's upset you can't print your own money.

You're way off base on so many levels that I won't even address this. Lets just say your comments smell of desperation. Got a lot of money tied up in bitcoin?