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J.Socal (OP)
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February 10, 2013, 09:10:13 AM |
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Bitcoin rival?
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drakahn
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February 10, 2013, 09:24:50 AM |
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Not really, but it is poised to become the silver to bitcoins gold.
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14ga8dJ6NGpiwQkNTXg7KzwozasfaXNfEU
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J.Socal (OP)
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February 10, 2013, 09:42:38 AM |
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So how do I get them ???Any links?Client?
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Lethn
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Activity: 1540
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February 10, 2013, 09:43:56 AM |
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PainZ
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February 10, 2013, 10:24:43 AM |
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Provide more info please, what are they worth, where can they be purchased, where can you use them etc?  |
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Lethn
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February 10, 2013, 10:30:31 AM |
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Well from what I understand they're basically a newish clone of Bitcoin except there's more of them and they're a bit easier to get, not many people have adopted them compared to Bitcoins and they're definitely not worth a lot right now. This is the main website for them but right now it's down http://litecoin.org/ beyond that there isn't really that much more to say about Litecoin I don't think but it is a good idea to have more currencies out there to compete, just a question of whether everyone else thinks the same way. |
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Wret
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February 10, 2013, 11:57:06 AM |
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Are there any real competition to bitcoin? Those other currencies seems pretty useless to me.
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Akka
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February 10, 2013, 12:51:15 PM |
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Are there any real competition to bitcoin? Those other currencies seems pretty useless to me.
Right now there is none, for IMO three reasons: 1. Our marked is still way to small to really support more than 1 cryptocurrency 2. No alt currency has yet managed to have any advantage / improvement over Bitcoin. 3. Bitcoin has the network effect. Being the first cryptocurrency. |
All previous versions of currency will no longer be supported as of this update
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Mjbmonetarymetals
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February 10, 2013, 02:59:45 PM |
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Its easy to convert Bitcoin to litecoin using btc-e, I think there's room in this world for more than one crypto-coin, litecoin is very cheap at the moment - is it a great speculative investment? That's simple for everyone to research and decide for themselves.  |
Bitrated user: Mick.
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eikzbtc
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February 10, 2013, 04:25:39 PM |
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It´s more focused in CPU and GPU minning , so less energy efficient.
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J.Socal (OP)
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February 10, 2013, 11:34:29 PM |
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Can I have both clients running @ the same ? .Is the client as easy to use as the btc client?
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Otoh
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February 10, 2013, 11:47:17 PM |
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I think that they complement each other very well, not rivals, I wouldn't be surprised to see LTC ending up as having a value about 10% of BTC's long term http://forum.litecoin.net//index.php/topic,812.0.html |
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payb.tc
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February 11, 2013, 04:51:04 AM |
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Can I have both clients running @ the same ? .Is the client as easy to use as the btc client?
yes and yes they use different port numbers |
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J.Socal (OP)
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February 11, 2013, 08:40:32 AM |
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I read somewhere that they'll be 20 million btc out in circulation and no more being produced after that.Does the same go for ltc? Also is that true or false about btc?
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der_meister
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February 11, 2013, 08:44:06 AM |
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BTC will be 21 million, LTC - 84.
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Moving on is a simple thing,
what it leaves behind is hard...
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r3demon
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February 11, 2013, 12:20:22 PM |
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Litecoin will be more popular when ASICS for Bitcoin finally come out, many miners will switch to Litecoin.
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Gabi
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If you want to walk on water, get out of the boat
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February 11, 2013, 12:46:12 PM |
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"Miners switching to litecoin" is different from "litecoin will be more popular"
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Atruk
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February 11, 2013, 02:10:13 PM |
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"Miners switching to litecoin" is different from "litecoin will be more popular"
Very important point here. |
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J.Socal (OP)
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February 12, 2013, 03:07:10 AM |
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John (John K.)
Global Troll-buster and
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Away on an extended break
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February 12, 2013, 03:57:45 AM |
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"Miners switching to litecoin" is different from "litecoin will be more popular"
Very important point here. +1. At worse it'll be a pump and dump where miners mine ltc for btc. |
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