Walter Rothbard (OP)
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March 15, 2013, 11:39:43 PM |
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BTC/LTC: 282.6062 BTC/TRC: 317.2194
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nameface
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March 15, 2013, 11:44:40 PM |
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BTC/LTC: 282.6062 BTC/TRC: 317.2194
So what does this mean? People trade LTC like it's going out of style on BTC-E
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Walter Rothbard (OP)
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March 15, 2013, 11:54:47 PM |
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Maybe it is going out of style. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Maybe both LTC and BTC-E are going out of style! Okay, trash talk mode over ... I'm looking for BTC-E volume figures to compare, and can't find them. Links would be appreciated.
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smoothie
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March 15, 2013, 11:56:08 PM |
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Yeah vircurex is not the main volume exchange for LTC.
Moot point.
Nice try to tout TRC. The Retarded Coin.
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mr_random
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March 16, 2013, 12:28:00 AM |
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That's because most people serious about LTC trade it on btc-e where you get the fairest market rate. Earlier this week on btc-e LTC hit over a MILLION LTC traded in a single day. Add in the ltc/usd and it hit 1.5 million. LTC 1 - TRC 0.But let's not stop there. Let's not look at pump and dump figures like trc and look at the figures that REALLY count. Market capitalisation: Litecoin: 232269 BTC Terracoin: 7325 BTC Yes that's right, Litecoin is 30 times larger in market capitalisation. Yes, thirty. (figures from dustcoin) LTC 2 - TRC 0Does Litecoin have ASICs threatening to 51% the network? No. Just the other day a user had greater than 51% of the hashing power on Terracoin. Seems very safe LOL. LTC 3 - TRC 0Do miners have it better on TRC? According to dustcoin right now: TRC Profitablility: 110% (fluctuates below 100% to above 100% throughout the day) Litecoin Profitability: Rock solid 169% LTC 4 - TRC 0Oh well. TRC has to have some services or infrastructure in place if it's so awesome right? LOL. No. TRC is pure hype coin, bubble is going to burst, no-one cares about services. Is there a silk road for TRC? No. Payment processor in the works? No. LTC 5 - TRC 0I wonder where all the bitcoin miners are going to go when ASICs flood them out? Will it be to another coin like TRC where there are ASICS already lmao or will it be to Litecoin which is designed to be as ASIC resistant as possible (maybe not foolproof but it will take a breakthrough worthy of academia to find an efficent way to parallel compute Scrypt - read on wikipedia http://en.wikipedia.org/wiki/Scrypt and see if you believe some kid in a basement can really beat that). I could go on but I have things to do. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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smoothie
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March 16, 2013, 01:07:50 AM |
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That's because most people serious about LTC trade it on btc-e where you get the fairest market rate. Earlier this week on btc-e LTC hit over a MILLION LTC traded in a single day. Add in the ltc/usd and it hit 1.5 million. LTC 1 - TRC 0.But let's not stop there. Let's not look at pump and dump figures like trc and look at the figures that REALLY count. Market capitalisation: Litecoin: 232269 BTC Terracoin: 7325 BTC Yes that's right, Litecoin is 30 times larger in market capitalisation. Yes, thirty. (figures from dustcoin) LTC 2 - TRC 0Does Litecoin have ASICs threatening to 51% the network? No. Just the other day a user had greater than 51% of the hashing power on Terracoin. Seems very safe LOL. LTC 3 - TRC 0Do miners have it better on TRC? According to dustcoin right now: TRC Profitablility: 110% (fluctuates below 100% to above 100% throughout the day) Litecoin Profitability: Rock solid 169% LTC 4 - TRC 0Oh well. TRC has to have some services or infrastructure in place if it's so awesome right? LOL. No. TRC is pure hype coin, bubble is going to burst, no-one cares about services. Is there a silk road for TRC? No. Payment processor in the works? No. LTC 5 - TRC 0I wonder where all the bitcoin miners are going to go when ASICs flood them out? Will it be to another coin like TRC where there are ASICS already lmao or will it be to Litecoin which is designed to be as ASIC resistant as possible (maybe not foolproof but it will take a breakthrough worthy of academia to find an efficent way to parallel compute Scrypt - read on wikipedia http://en.wikipedia.org/wiki/Scrypt and see if you believe some kid in a basement can really beat that). I could go on but I have things to do. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) LTC 5 - TRC 0
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CryptoJunky
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March 16, 2013, 01:09:42 AM |
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The next few weeks could be crucial for TRC. A few weeks ago I would have said that it's likely it won't make it once ASICs become readily available. However, that was when the network hash rate was only around 10 GH/s. Today the hash rate is over 500 GH/s and has been on the rise.
ASICs could have very well hurt Terracoin, but if Terracoin survives the initial release and ends up with a large group of miners using ASICs on TRC network then it might just have a shot at making it long term. It's still a gamble at this point, but the similarities Terracoin has to Bitcoin might make it an attractive option to Bitcoin miners. It also offers another coin for ASIC miners so that they're not just stuck on Bitcoin which could be very appealing.
However, Litecoin has some pretty strong points too. It's been around longer and thus has a larger user base and more merchants that accept it. In the last couple of weeks a lot more merchants have come out and supported it. If Atlantis succeeds it could have a very positive impact on Litecoin.
I think we could see some interesting things out of both of these coins in the coming weeks.
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smoothie
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March 16, 2013, 01:13:15 AM |
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The next few weeks could be crucial for TRC. A few weeks ago I would have said that it's likely it won't make it once ASICs become readily available. However, that was when the network hash rate was only around 10 GH/s. Today the hash rate is over 500 GH/s and has been on the rise.
ASICs could have very well hurt Terracoin, but if Terracoin survives the initial release and ends up with a large group of miners using ASICs on TRC network then it might just have a shot at making it long term. It's still a gamble at this point, but the similarities Terracoin has to Bitcoin might make it an attractive option to Bitcoin miners. It also offers another coin for ASIC miners so that they're not just stuck on Bitcoin which could be very appealing.
However, Litecoin has some pretty strong points too. It's been around longer and thus has a larger user base and more merchants that accept it. In the last couple of weeks a lot more merchants have come out and supported it. If Atlantis succeeds it could have a very positive impact on Litecoin.
I think we could see some interesting things out of both of these coins in the coming weeks.
If the price of TRC falls...watch out...miners will go elsewhere. GPUs cant compete with asics. Inevitably TRC will fail because ASICs will mine the "fuck" out of it.
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markm
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March 16, 2013, 02:18:05 AM |
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Yeah but then they could finally get around to applying the merged-mining patches and go merged, who knows, they might not be able to keep up with NaMeCoin but could they give IXCoin a run for its money? I0Coin? GRouPcoin? DeVCoin? CoiLedCoin? GeistGeld?
-MarkM-
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smoothie
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March 16, 2013, 02:21:07 AM |
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Yeah but then they could finally get around to applying the merged-mining patches and go merged, who knows, they might not be able to keep up with NaMeCoin but could they give IXCoin a run for its money? I0Coin? GRouPcoin? DeVCoin? CoiLedCoin? GeistGeld?
-MarkM-
Yup they could, if miners accept it then you will see a forked chain if MM is implemented by a third party.
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JesterOfTortuga
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March 16, 2013, 12:59:34 PM |
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The only reason ASIC's are on TRC is profitability. Right now TRC is at 201%.
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ehoffman
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March 16, 2013, 01:28:48 PM |
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ASIC seems to be going in and out of TRC as the ratio goes above or under BTC. Difficulty is doing some yo-yo lately.
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crazy_rabbit
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March 16, 2013, 01:30:37 PM |
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ASIC seems to be going in and out of TRC as the ratio goes above or under BTC. Difficulty is doing some yo-yo lately.
Because of how quickly TRC retargets difficulty it makes it quick to raise beyond profitability and then quick to drop down to be very profitable. Although I doubt it's an ASIC. Although they exist, there are very few of them out there.
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jokerdragon
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March 16, 2013, 01:54:45 PM |
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Mar/16/2013 VIRCUREX Market BTC - Bitcoin Bid Ask Last Volume EUR/BTC 20.0000 0000 39.5000 0000 40.0000 0000 2.3868 USD/BTC 44.5100 0000 46.5000 0000 45.9900 0000 4.5333 BTC/DVC 0.0000 0185 0.0000 0220 0.0000 0221 307.4400 BTC/IXC 0.0000 7000 0.0001 4000 0.0001 5000 21.7152 BTC/LTC 0.0135 1000 0.0142 5000 0.0143 0000 206.5314 BTC/NMC 0.0036 2000 0.0037 8800 0.0036 2000 26.1879 BTC/PPC 0.0004 0190 0.0004 2000 0.0004 3900 175.6569 BTC/SC 0.0007 5000 0.0008 4444 0.0008 4444 0.7074 BTC/TRC 0.0036 0000 0.0039 9999 0.0037 0000 167.3149 I guess we have a new "leader' at alternate cryptocurrencies now: and the winner is: .... (drums...) DEVCOIN ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) DVC 307 BTCs LTC 206 BTCs TRC 167 BTCs Maybe DVCs is the next coin to fly high? In my view it have such a strong potential since its far away the most cheap coin... near 10.000 times cheaper than LTC. You can buy millions with just 1 or 2 BTCs... so nuts ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif)
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crazy_rabbit
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March 16, 2013, 04:26:32 PM |
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Mar/16/2013 VIRCUREX Market BTC - Bitcoin Bid Ask Last Volume EUR/BTC 20.0000 0000 39.5000 0000 40.0000 0000 2.3868 USD/BTC 44.5100 0000 46.5000 0000 45.9900 0000 4.5333 BTC/DVC 0.0000 0185 0.0000 0220 0.0000 0221 307.4400 BTC/IXC 0.0000 7000 0.0001 4000 0.0001 5000 21.7152 BTC/LTC 0.0135 1000 0.0142 5000 0.0143 0000 206.5314 BTC/NMC 0.0036 2000 0.0037 8800 0.0036 2000 26.1879 BTC/PPC 0.0004 0190 0.0004 2000 0.0004 3900 175.6569 BTC/SC 0.0007 5000 0.0008 4444 0.0008 4444 0.7074 BTC/TRC 0.0036 0000 0.0039 9999 0.0037 0000 167.3149 I guess we have a new "leader' at alternate cryptocurrencies now: and the winner is: .... (drums...) DEVCOIN ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) DVC 307 BTCs LTC 206 BTCs TRC 167 BTCs Maybe DVCs is the next coin to fly high? In my view it have such a strong potential since its far away the most cheap coin... near 10.000 times cheaper than LTC. You can buy millions with just 1 or 2 BTCs... so nuts ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) I'm sure that's already happening!
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StarenseN
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March 16, 2013, 04:30:42 PM |
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OP ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fbitcointalk.org%2Fuseravatars%2Favatar_50759.gif&t=665&c=qRljduLiz-bE7A)
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jokerdragon
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March 16, 2013, 06:30:43 PM |
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OP ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fbitcointalk.org%2Fuseravatars%2Favatar_50759.gif&t=665&c=qRljduLiz-bE7A) what? what OP means? Sorry, Im pretty new yet to this forum.
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crazy_rabbit
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March 16, 2013, 07:20:19 PM |
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OP ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fbitcointalk.org%2Fuseravatars%2Favatar_50759.gif&t=665&c=qRljduLiz-bE7A) what? what OP means? Sorry, Im pretty new yet to this forum. "OP" = Original Poster, the person who started the conversation. Welcome to crypto!
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more or less retired.
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Bitobsessed
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March 16, 2013, 08:11:14 PM |
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Just because Litecoin exploded, a bunch of people are trying to make a quick buck buying into other cryptocoins with no research. Hey, not saying TRC wont take off, just saying if you are looking to invest in other cryptocurrencies, do your homework first. You would have better luck going to the local cornerstore buying scratch offs.
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crazy_rabbit
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March 17, 2013, 07:55:54 AM |
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Just because Litecoin exploded, a bunch of people are trying to make a quick buck buying into other cryptocoins with no research. Hey, not saying TRC wont take off, just saying if you are looking to invest in other cryptocurrencies, do your homework first. You would have better luck going to the local cornerstore buying scratch offs.
As a veteran scratch off player, I can personally attest that I have made much more money investing in fledgeling cryptocurrencies (bitcoin included) then I have EVER made at the lottery. This isn't really as much gambling as it might seem. It's about believing in an idea- a new way to organice the economy, trade and indeed the world. What we are doing here, if successful, will be one of the greatest reorganisations of money since the invention of banking and paper money.
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more or less retired.
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