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Le Happy Merchant (OP)
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April 02, 2013, 02:13:50 AM |
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Why are any of you putting any effort into altcoins?
I am furious about this.
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Vuxil
Newbie
 Offline
Activity: 28
Merit: 0
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April 02, 2013, 02:15:43 AM |
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Why are any of you putting any effort into altcoins?
I am furious about this.
Just lol |
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Cyberdyne
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April 02, 2013, 02:17:07 AM |
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Why are any of you putting any effort into altcoins?
I am furious about this.
Just lol And *chuckle* too. Read: He is furious about not buying Litecoins when they were half a cent each. |
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antimattercrusader
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April 02, 2013, 02:18:28 AM |
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Why are any of you putting any effort into altcoins?
I am furious about this.
I also am not pleased! or am I?  |
BTC: 13WYhobWLHRMvBwXGq5ckEuUyuDPgMmHuK
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Le Happy Merchant (OP)
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April 02, 2013, 02:46:06 AM |
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And *chuckle* too.
Read: He is furious about not buying Litecoins when they were half a cent each.
Anyone who did made money. I can't deny that I would like to have made money. The reason I am mad is that this hurts Bitcoin. |
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Vuxil
Newbie
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Activity: 28
Merit: 0
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April 02, 2013, 02:49:54 AM |
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Real answer is that every alt coin has small deviations to it that makes it secure in some areas but weak in others when compared to other alt coins. I almost feel like this is an evolutionary experiment, and we will see what alt coins are the most resilient and useful. Bitcoin has some design flaws and shortcomings that are addressed in newer iterations of alt coins. That's about it.
For example, Litecoin is currently "ASIC-proof" while PPCoin is much more energy-efficient than any other coin out there at the moment
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Cyberdyne
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April 02, 2013, 02:51:09 AM |
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And *chuckle* too.
Read: He is furious about not buying Litecoins when they were half a cent each.
Anyone who did made money. I can't deny that I would like to have made money. The reason I am mad is that this hurts Bitcoin. Please to be posting evidence so we can chuckle more. |
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iamrickrock
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April 02, 2013, 02:53:39 AM |
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There are thousands of FIAT currencies around the world and I am guessing that there will eventually be thousands of crypto-currencies.
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doobadoo
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April 02, 2013, 02:54:52 AM |
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And *chuckle* too.
Read: He is furious about not buying Litecoins when they were half a cent each.
Anyone who did made money. I can't deny that I would like to have made money. The reason I am mad is that this hurts Bitcoin. The whole market cap of ltc is like 10 mil. Thats just 1% of the value of btc. Are you really desperate to move the price of btc up another 1%. hasn't it gone up enough? for the next few months! hahah Seriously, i agree ltc is a waste. But i see no problem i letting people have their fun. It doesn't hurt btc AT ALL. |
"It is, quite honestly, the biggest challenge to central banking since Andrew Jackson." -evoorhees
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smoothie
Legendary
Offline
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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April 02, 2013, 08:03:12 AM |
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Why are any of you putting any effort into altcoins?
I am furious about this.
OP you are a dumbass. "I'm gonna cry because you support alt chains....wah wah wah" No one gives a flying fuck what you think. Our choice, our lives. Do what you wish, but don't presume you have any say in what we do with your crying. Have a nice day!  |
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lassdas
Legendary
Offline
Activity: 3649
Merit: 1412
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April 02, 2013, 08:16:42 AM |
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For example, Litecoin is currently "ASIC-proof" ..
What's so good about being "ASIC-proof"? It just makes it a safe haven for bot-net operators, doesn't it? Not that I would care, just wondering. |
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🏰 TradeFortress 🏰
Bitcoin Veteran
VIP
Legendary
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Activity: 1316
Merit: 1043
👻
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April 02, 2013, 08:19:26 AM |
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For example, Litecoin is currently "ASIC-proof" ..
What's so good about being "ASIC-proof"? It just makes it a safe haven for bot-net operators, doesn't it? Not that I would care, just wondering. And a safe haven for governments to flip processing power to 51% instead of having to purchase or develop dedicated equipment. ASIC-Proof is a downside. |
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freequant
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April 02, 2013, 12:09:33 PM |
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For example, Litecoin is currently "ASIC-proof" ..
What's so good about being "ASIC-proof"? It just makes it a safe haven for bot-net operators, doesn't it? Not that I would care, just wondering. Once designed, ASICs can be produced in large quantities at very low cost. At the moment, ASICs vendors can sell their production to the miners community, so no issue. But once the market is saturated, the most profitable (and only logical) choice for ASICs vendors will be to enter the mining business. This effectively puts all the power in the hands of ASIC vendors. That wont happen with Litecoins. |
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Le Happy Merchant (OP)
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April 02, 2013, 05:03:53 PM |
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OP you are a dumbass. "I'm gonna cry because you support alt chains....wah wah wah" No one gives a flying fuck what you think. Our choice, our lives. Do what you wish, but don't presume you have any say in what we do with your crying. Have a nice day! Eh, I like you smoothie, I just don't like altcoins. |
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mr_random
Legendary
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Activity: 1274
Merit: 1001
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April 02, 2013, 05:12:37 PM |
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What is wrong with OP thinking that there would only ever be ONE cryptocurrency in the world. Stop and think for a second how silly that sounds.
People like you are just mad because it eats into the market share of Bitcoins... that's all it is and you know it.
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Le Happy Merchant (OP)
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April 02, 2013, 05:21:50 PM |
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What is wrong with OP thinking that there would only ever be ONE cryptocurrency in the world. Stop and think for a second how silly that sounds.
People like you are just mad because it eats into the market share of Bitcoins... that's all it is and you know it.
yes, and? |
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mr_random
Legendary
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Activity: 1274
Merit: 1001
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April 02, 2013, 05:25:04 PM |
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What is wrong with OP thinking that there would only ever be ONE cryptocurrency in the world. Stop and think for a second how silly that sounds.
People like you are just mad because it eats into the market share of Bitcoins... that's all it is and you know it.
yes, and? Therefore you have no rational basis for the global economy not to accept Litecoins. It's an emotional response on your part. |
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desert_beagle
Member
Offline
Activity: 87
Merit: 10
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April 02, 2013, 05:31:17 PM |
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No OP, you can't have your money printing machine a.k.a ASIC while the rest of the miners earn dirt.
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chiropteran
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April 02, 2013, 05:53:21 PM |
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That wont happen with Litecoins.
Isn't it already the case? AMD is the only vendor for efficient litecoin mining hardware, is it not? |
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netadacadug
Jr. Member
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Activity: 156
Merit: 1
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May 21, 2018, 06:48:37 AM |
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Because someday altcoin nxt ti bitcoin, ETH, LCT, etc. And what is wrong if many people putting effort into altcoin? Altcoin is the best also for holding it in your wallet.
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