whatisthename (OP)
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March 26, 2013, 11:38:49 PM |
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Hi Team,
I'm about a week into researching Bitcoin. I really think Bitcoin has great opportunities for growth and own 203.
My question is about Litecoin...how or why is there a point to Litecoin if Bitcoin turns out to be THE cryptocurrency?
It's a HUGE deal for a site (in my mind) to say that they accept Bitcoins for payment. Why or what influence these same sites to accept Bitcoin and Litecoin?
I just don't see the point of Litecoin, because I don't understand the point.
Especially with something like Bitcoin leading the way. In my opinion Litecoin doesn't have much of an advantage for the AVERAGE person. Sure I've heard that it's faster for confirmations...but I feel that for most people those extra 5 mins or so doesn't really matter.
What are your thoughts?
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nobbynobbynoob
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March 26, 2013, 11:43:36 PM |
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Quicker confirms, yes. Also, no ASICs, at least not yet, so GPU mining remains viable. Litecoin is also an excellent hedge if you wish to trade bitcoins without reverting to bankster paper. Some retailers do accept both coins too.
I'm a fan of both BTC and Ł. Heck, even namecoins may find their niche one day.
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Domrada
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March 26, 2013, 11:46:18 PM |
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litecoin does not have to be better than bitcoin to be successful. it does not even need to be as good. it can ride on bitcoin's coattails. now that it has a market cap that is over 1% of bitcoin's market cap, I don't see it going away.
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hanzac
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March 27, 2013, 12:11:49 AM |
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Because people will always to seek security & also opportunity. That's why the other competitive or just supportive things come to exist, as long as they are more secure, has potential to grow. Anyway, don't you think the world is too boring if there's only one dominate thing?
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Deslock Darkstar
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March 27, 2013, 02:25:25 AM |
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Taking it away from technical considerations and on to tangible commodities, can the same thing be said of silver?
"Why is there a point to silver if gold turns out to be THE precious metal?", would sound like a strange question to ask.
For me, Litecoin is to Bitcoin as silver is to gold.
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FatMagic
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March 27, 2013, 02:29:54 AM |
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Litecoin is to Bitcoin as silver is to gold.
I like this comparison - very effective. I will use this! Thanks Deslock  |
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allthingsluxury
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March 27, 2013, 04:59:12 AM |
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Quicker confirms, yes. Also, no ASICs, at least not yet, so GPU mining remains viable. Litecoin is also an excellent hedge if you wish to trade bitcoins without reverting to bankster paper. Some retailers do accept both coins too.
I'm a fan of both BTC and Ł. Heck, even namecoins may find their niche one day.
This is why I love LTC also. Also there are more and more merchants accepting LTC everyday. I accept it on my businesses website ( http://www.allthingsluxury.biz). I might add proudly. |
Gold & Silver Financial News: Silver Liberation Army, Gold & Silver News, Geopolitical & Financial News, Jim Rickards Blog, Marc Faber Blog, Jim Rogers Blog, Peter Schiff Blog, David Morgan Blog, James Turk Blog, Eric Sprott Blog, Gerald Celente Blog |
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Deslock Darkstar
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March 27, 2013, 05:34:45 AM |
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No problem, FatMagic... spread that idea far and wide. :-D
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GIANNAT
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Bitcoin entrepreneur and Pro Trader
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March 27, 2013, 06:28:43 AM |
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Litecoin is to Bitcoin as silver is to gold.
I like this comparison - very effective. I will use this! Thanks Deslock That s the LTC slogan  |
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-ck
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Ruu \o/
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March 27, 2013, 07:31:57 AM |
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The slogan should be changed to "Litecoin: For butthurt GPU miners."
Disclaimer: I wrote cgminer.
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Developer/maintainer for cgminer, ckpool/ckproxy, and the -ck kernel
2% Fee Solo mining at solo.ckpool.org
-ck
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Bit_Happy
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A Great Time to Start Something!
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March 27, 2013, 07:52:48 AM |
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The Bitcoin wiki is very harsh to Litecoin, did anyone try to edit yet and see if the changes stick?
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funkenschuster
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March 27, 2013, 08:07:41 AM |
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The Bitcoin wiki is very harsh to Litecoin, did anyone try to edit yet and see if the changes stick?
Litecoin needs his own wiki, or a general cryptocurrency wiki |
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2weiX
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this space intentionally left blank
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March 27, 2013, 08:13:35 AM |
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if only mtgox were to support LTC ^^
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Wekkel
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yes
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March 27, 2013, 08:27:28 AM |
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if only mtgox were to support LTC ^^
Create your own Gox. |
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codegnome
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Betking.io - Best Bitcoin Casino
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March 27, 2013, 08:29:20 AM |
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The slogan should be changed to "Litecoin: For butthurt GPU miners."
How about "the coin for everybody not just elitist pricks." |
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Deslock Darkstar
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March 27, 2013, 08:55:04 AM |
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Is "Litecoin is to Bitcoin as silver is to gold" some sort of official slogan for LTC? I've seen nothing like that on Litecoin.org, or anywhere else for that matter.
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Liquid
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March 27, 2013, 10:34:43 AM |
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it used to be there back in the day  |
Bitcoin will show the world what hard money really is.
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Graet
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March 27, 2013, 10:51:40 AM
Last edit: March 27, 2013, 11:04:46 AM by Graet |
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The Bitcoin wiki is very harsh to Litecoin, did anyone try to edit yet and see if the changes stick?
Litecoin needs his own wiki, or a general cryptocurrency wiki the Litecoin part of the Bitcoin wiki gets heavily edited by Luke-Jr* every time someone tries to put some truth there, the "Litecoin community" gave up on editing it.. the Litecoin section should be removed and Litecoin have its own wiki *known hater of alt-chains |
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kano
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March 27, 2013, 11:09:09 AM |
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The Bitcoin wiki is very harsh to Litecoin, did anyone try to edit yet and see if the changes stick?
Litecoin needs his own wiki, or a general cryptocurrency wiki the Litecoin part of the Bitcoin wiki gets heavily edited by Luke-Jr* every time someone tries to put some truth there, the "Litecoin community" gave up on editing it.. the Litecoin section should be removed and Litecoin have its own wiki *know hater of alt-chains Well yeah ... except that the Bitcoin wiki itself is a joke due to that retard filling it full of his personal warped opinions and FUD. So I wouldn't think it would be worth caring about the content - the retards edits in there indeed makes Bitcoin look like a joke. ... and whoever the fool is who runs the wiki, obviously has some sort of inferiority complex that they let that crap go and wont stop it. There's no way I'd recommend anyone to read it. |
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kano
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March 27, 2013, 11:12:47 AM |
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The slogan should be changed to "Litecoin: For butthurt GPU miners."
How about "the coin for everybody not just elitist pricks." LTC is still being used for a pump and dump - so yeah those people certainly aren't pricks ............ |
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