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Author Topic: BTC is useless now.  (Read 13696 times)
Simran
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March 22, 2013, 08:33:27 PM
 #101

I really don't care too much about litecoin. basically all this thread is about someone telling "my coin is better than yours because I painted one side with green“

No, my coin is better than yours because the technology is better, can't be controlled by the government, and is faster.

If you like being slow, then tell your wife, GF, or bitch that you're gonna stroke slow in bed cause it's better, vatos. LOL.

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There are several different types of Bitcoin clients. Server-assisted clients like blockchain.info rely on centralized servers to do their network verification for them. Although the server can't steal the client's bitcoins directly, it can easily execute double-spending-style attacks against the client.
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March 22, 2013, 08:46:57 PM
 #102

If you like being slow, then tell your wife, GF, or bitch that you're gonna stroke slow in bed cause it's better, vatos. LOL.

Sometimes slower is better... http://www.youtube.com/watch?v=s1XozsBN5Z4

Simran
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March 22, 2013, 08:53:09 PM
 #103

If you like being slow, then tell your wife, GF, or bitch that you're gonna stroke slow in bed cause it's better, vatos. LOL.

Sometimes slower is better... http://www.youtube.com/watch?v=s1XozsBN5Z4

Saw Lil' Wayne, closed tab. That would probably be the worst defense anyone would have. Just no, pls, remove that link.

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FixDragonsTalePlease
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March 22, 2013, 11:58:56 PM
 #104

Why have no buses hit you yet Simran...

or trains...

or boats..

or other large vehicles you should get hit by...
markm
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March 23, 2013, 04:14:58 AM
 #105

GeistGeld is much faster than litecoin, and is not tailored for botnets the way the scrypt coins are. It can be merged-mined alongside bitcoin so if a fast confirmations coin is needed, GeistGeld fits nicely.

-MarkM-

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redrider
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March 25, 2013, 04:13:59 PM
 #106

The main purpose for Bitcoin was anonymity and decentralization. Another main point was Silk Road. Well...............
...
Anyhow, I think it would be appropriate for users to accept LTC as a newer and better cryptocurrency than to BTC.

You misunderstand the paradigm shift introduced by bitcoin. The purpose is not to provide anonymity, but privacy. There are ways to disguise bitcoins to make it hard to crack down on privacy, but given enough effort one can do it. Each time you transfer bitcoins, or another cryptocurrency for that matter, you compromise your privacy, because it allows you to connect the specific address to your trade. Thus you should choose wisely with whom you want to trade if you want to hide funds. There will be huge gateways in place which operate on the interface between bitcoin and other monetary systems, and those will be the points in the system where you will loose your privacy. However, for the same reason huge financial hubs can be established in politically immune countries whose sole purpose is to disguise funds and restore privacy.

The main point of bitcoin is that it transfers economic freedom and control back to the people. More people will grasp the implications of this, as governmental currencies around the world get decapitalized.

cool, so i can get my 400 stolen coins back?

Cheesy That's the perfect answer!

I'm cereal.  I would really like that back.  I’ll split it with you if you find the track suited russian scam bag who took it.
Jutarul
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March 25, 2013, 05:54:07 PM
 #107

There are ways to disguise bitcoins to make it hard to crack down on privacy, but given enough effort one can do it.
cool, so i can get my 400 stolen coins back?
Cheesy That's the perfect answer!
Ask me again when they have institutionalized mining and have established tracer gateways all around the world. I said it requires effort. As a matter of fact the effort has to be made before tagged coins go into circulation. And that effort hasn't been made yet.

Cracking down privacy is a classic arms race. If you don't know how to handle your tools you're easy prey. Same goes for protecting your coins - no offense.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
bitcoinnix
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March 25, 2013, 07:24:42 PM
 #108

There are ways to disguise bitcoins to make it hard to crack down on privacy, but given enough effort one can do it.
cool, so i can get my 400 stolen coins back?
Cheesy That's the perfect answer!
Ask me again when they have institutionalized mining and have established tracer gateways all around the world. I said it requires effort. As a matter of fact the effort has to be made before tagged coins go into circulation. And that effort hasn't been made yet.

Cracking down privacy is a classic arms race. If you don't know how to handle your tools you're easy prey. Same goes for protecting your coins - no offense.
Don't coin mixing services cut down on that possibility quite a bit?

BEWARE:  NOTROLL.IN POOL MAY STEAL YOUR GENERATED LTC
Original thread starts here:  https://bitcointalk.org/index.php?topic=92716.msg1782471#msg1782471
Theft discussion thread is here:  https://bitcointalk.org/index.php?topic=172667.0
Jutarul
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March 25, 2013, 08:18:02 PM
 #109

Cracking down privacy is a classic arms race. If you don't know how to handle your tools you're easy prey. Same goes for protecting your coins - no offense.
Don't coin mixing services cut down on that possibility quite a bit?
To a degree. And it all depends on volume. If you want to mix 100 BTC within 10 days, you may need to have a minimum of 10,000 BTC traffic in 10 days from uncorrelated sources (*number made up for the sake of illustration). The exact ratio between traffic and decorrelation target should be obvious to the coin mix operator. What you want is that each outgoing 1 BTC contains an equal amount of coins from all incoming sources. If you have 100 sources, that means 0.01 BTC from each source. Also you need to split the outgoing payment temporally, for the obvious reasons...

Right now, exchanges are a cheap way to mix your coins. However, many exchanges will soon prevent anonymous accounts and go through a verification procedure. This allows law enforcement to connect coins to personal information at particular choke points within the system.

And if somebody comes up with a technical solution to mix coins anonymously, expect the governments to go after that - with force.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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aquí dice algo personal.


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March 26, 2013, 04:03:46 AM
 #110

I really don't care too much about litecoin. basically all this thread is about someone telling "my coin is better than yours because I painted one side with green“

No, my coin is better than yours because the technology is better, can't be controlled by the government, and is faster.

If you like being slow, then tell your wife, GF, or bitch that you're gonna stroke slow in bed cause it's better, vatos. LOL.

Bingo!!
sd
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March 26, 2013, 08:05:52 PM
 #111


Simran is trolling again. That guy really wants his LiteCoins to go up but spewing nonsense about BitCoin will only give LiteCoin a worse name than it has already.

Right now 1NVC = 0.012BTC, 1LTC = 0.00754BTC

LTC is losing to an upstart coin that had the disadvantage of a huge pre-mine. That's how much faith people have in LiteCoin.

saddambitcoin
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March 27, 2013, 01:33:16 AM
 #112

I think LTC has held up pretty well during this BTC rise.  Whenever the next lull of bitcoin activity is, expect a huge surge in LTC/BTC ratio.  I'm predicting 0.02 in the next 2 months.

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April 07, 2014, 10:15:31 PM
 #113

The original altcoin battle

sound familiar


Grin
benjammin1986
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April 07, 2014, 11:01:04 PM
 #114

Have you looked into DarkCoin? I believe it's a truly anonymous coin and so is Zerocoin (to be released). Bitcoin is clearly outdated with bad fundamental. We need a new 2nd gen coin!
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April 08, 2014, 03:44:32 PM
 #115

How is BTC outdated when it's still in Beta and receives updates? More like the pump-and-dump alt scams are getting old.

pandher
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April 08, 2014, 04:00:19 PM
 #116

How is BTC outdated when it's still in Beta and receives updates? More like the pump-and-dump alt scams are getting old.

There are innovative and faster currencies than bitcoin now. Only thing bitcoin is still around and working is because it was the 'first'
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