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Sword Smith (OP)
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April 03, 2013, 12:42:37 AM |
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The last couple of days, litecoins have exploded in value from less than a dollar to almost 4$ today! Will this continue and which crypto currency, if any, is next to boom, do you think? In my opinion, a currency is like a network and its value is determined by how many people that use it or how many people speculators expect will be using this currency in the future. And here, there are other factors than only network size or hashes per second at play. The technology is also important and I think that one of the positive things about litecoins is that transactions are confirmed faster than with bitcoins. Which techonological benefits do the different currencies have and which parameters will be the relevant for determining a winner or the winners in the long run? I would love to hear your thoughts on this!  |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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mycketbra
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April 03, 2013, 12:43:40 AM |
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The last couple of days, litecoins have exploded in value from less than a dollar to almost 4$ today! Will this continue and which crypto currency, if any, is next to boom, do you think? In my opinion, a currency is like a network and its value is determined by how many people that use it or how many people speculators expect will be using this currency in the future. And here, there are other factors than only network size or hashes per second at play. The technology is also important and I think that one of the positive things about litecoins is that transactions are confirmed faster than with bitcoins. Which techonological benefits do the different currencies have and which parameters will be the relevant for determining a winner or the winners in the long run? I would love to hear your thoughts on this! I am very bullish on almost every crypto, including btc, ltc, nvc, nmc, ppc, trc, and most importantly, bte  |
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LeTanque
Member
 Offline
Activity: 85
Merit: 10
Fortune favors the bold and brave
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April 03, 2013, 12:44:21 AM |
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Humans are the most profound pattern seeking machines.
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"It is a mistake to suppose that any technological innovation has a one-sided effect. Every technology is both a burden and a blessing; not either-or, but this-and-that." -Neil Postman Technopoly
1FooDLuTYk782GQNrY7zY1obTc4ceUfj5t
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malevolent
can into space
Legendary
Offline
Activity: 3472
Merit: 1721
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April 03, 2013, 12:45:43 AM |
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US wants to monopolize the virtual currency market and forks their own coin . . . the Obamacoin.
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Signature space available for rent.
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LeTanque
Member
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Activity: 85
Merit: 10
Fortune favors the bold and brave
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April 03, 2013, 12:47:20 AM |
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Lol, yeah, I wouldn't be surprised. It would be 15 years from now though.
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"It is a mistake to suppose that any technological innovation has a one-sided effect. Every technology is both a burden and a blessing; not either-or, but this-and-that." -Neil Postman Technopoly
1FooDLuTYk782GQNrY7zY1obTc4ceUfj5t
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annette786
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April 03, 2013, 01:08:09 AM |
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The only coin that offer more utility is PPC. It will become more obvious as transaction fees rise.
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Sword Smith (OP)
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April 03, 2013, 01:10:07 AM |
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The only coin that offer more utility is PPC. It will become more obvious as transaction fees rise.
Care to elaborate? |
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vonross2012
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Activity: 102
Merit: 10
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April 03, 2013, 01:15:17 AM |
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Can I trust PPC as much as the other currencies? Isn't there some code issues?
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Praxis
Legendary
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Activity: 1118
Merit: 1004
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April 03, 2013, 01:26:11 AM |
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My bet is on PPcoin (PPC)
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Mike Christ
aka snapsunny
Legendary
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Activity: 1078
Merit: 1003
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April 03, 2013, 01:41:32 AM |
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TRC or PPC, simply because I'm running out of options. NVC is such a silly piece of software that I can't take it seriously. Namecoin is odd and intended for other purposes. Devcoin is devcoin. SolidCoin...don't know much about that one, but for some reason, I don't like it.
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CoinHoarder
Legendary
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Activity: 1484
Merit: 1026
In Cryptocoins I Trust
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April 03, 2013, 01:53:37 AM |
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