I'd like to offer a competition similar to
my previous Bitcoin one, but for Litecoins this time, firstly for when the value of a single litecoin will be equal to 1 gram of silver, with a present silver price of $28.64 per Troy Ounce with 32.15075 ounces to 1 Kg, that gives a price of $0.9208 per gram atm for silver against the present LTC price of approx $0.56 each. Note Bitcoin overtook the 1 Gm gold price this week for the first time, see recent posts in the other competition thread.
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fgetbullionuk.com%2F47-146-large%2Femirates-1-gram-silver-bar.jpg&t=665&c=_hZV7axHOp0kVQ)
Secondly for when the Litecoin market cap (number of units issued times price) will equal at least 0.1 billion dollars = $100,000,000
the present market cap is around 11 million USD I believe.
There is a prize of 100 LTC for each competition with a doubling of the prizes for anyone who guesses both correctly for a total of 400 LTC.
Please express date as YYYY MM DD or as 29th Feb 2012 say, thread will be locked on the 1st May 2013 - please don't edit your dates except for typos/clarity or to add a date for either one of the competitions that you haven't yet chosen for but please also make a new post for this so that I see it, my rules & common sense, i.e. if someone puts the same date as one already chosen the first person wins it & ambiguous dates will be void, one entry per pre-existing forum ID & sock puppet accounts will be void if spotted.
Edit: Closest guesses win obviously, dates are by GMT/UTC time & an additional competition for a flat 100 LTC prize, if he does so then when will Mike Caldwell/Casascius first put physical litecoins on sale to the public.
Edit 2: If anyone who would like to add to these prizes then please to let me know.
Edit 3: Price to be taken as on the main/largest exchange at the time, ie atm it's BTC-E.
Edit 4: 2013 03 31 With the
silver price making a low of $28.22 per Oz = $0.87774 per gram last Thursday & Litecoin making a high of $0.8247 yesterday we are getting very close, so a small rules change, once the price of litecoins goes over $0.85 or if silver falls below $27.50 per Oz = $0.85535 approx per gram then entries on the 1 LTC = 1 gm Ag part of the competition are closed.
See post #7 for a summary of entries to date, which updates every so often, but quite often, at least daily usually atm.
(Note to self - in future reserve post #2 for this)