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Frozenlock
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June 23, 2013, 06:51:41 PM |
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Don't forget that BTC has a blockchain limit for number of transactions to operate.
LTC will be useful for small transactions to unload BTC. So, BTC+LTC can be a very stable payment system in the future.
No. The blockchain has a limit on the size of blocks. The blockchain size limit is perhaps one of the biggest question/problem in the development right now, but it seems to be going in the "unlimited" direction. And if you want to unload part of transactions from Bitcoin, why would you use LTC? Pleeeeenty of other choices around. Hell, Namecoin even offers some added value! I'm tempted to short, but the volume is so low that I'm afraid to be locked in my position.  |
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Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
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fr33d0miz3r
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June 23, 2013, 06:52:15 PM |
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And in short term it is better to hold LTC.
Yep. |
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fr33d0miz3r
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June 23, 2013, 06:54:31 PM |
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The blockchain size limit is perhaps one of the biggest question/problem in the development right now,
but it seems to be going in the "unlimited" direction.
But this problem is not solved yet. And maybe they will solve it by promoting LTC for small transactions. Right now small BTC transactions are limited by amount, because of this problem. |
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phoenix1
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June 23, 2013, 07:00:02 PM |
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The blockchain size limit is perhaps one of the biggest question/problem in the development right now,
but it seems to be going in the "unlimited" direction.
But this problem is not solved yet. And maybe they will solve it by promoting LTC for small transactions. Right now small BTC transactions are limited by amount, because of this problem. Right now the number of Bitcoin transactions is limited by slow adoption Anyway ... aliens  |
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Ivanhoe
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June 23, 2013, 07:01:10 PM |
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Is it just me, or do other people also miss the gifs on bitcoinity?
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fr33d0miz3r
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June 23, 2013, 07:01:27 PM |
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Right now the number of Bitcoin transactions is limited by low adoption Anyway ... aliens I mean you can't spend low amount of BTC right now because of the blockchain problem. |
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phoenix1
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June 23, 2013, 07:04:09 PM |
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Right now the number of Bitcoin transactions is limited by low adoption Anyway ... aliens I mean you can't spend low amount of BTC right now because of the blockchain problem. I don't know if that is true or not. Anyone ? |
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Frozenlock
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June 23, 2013, 07:07:56 PM |
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The blockchain size limit is perhaps one of the biggest question/problem in the development right now,
but it seems to be going in the "unlimited" direction.
But this problem is not solved yet. And right now we are not hitting the hard limit. When/if we hit it, it will influence the transaction fees. They will have to go up quite a bit for the "off chain transactions" to be interesting. And maybe they will solve it by promoting LTC for small transactions.
Or Feathercoin, or Blightcoin, or any other coin. This is assuming that nothing more elegant than another blockchain can be used for the "off chain transactions" scheme. Right now small BTC transactions are limited by amount, because of this problem.
No. That's not even related. The minimum limit is to -temporarily- protect the blockchain from being bloated with unspendable transactions while the developers are working towards a more market-driven solution. And because Litecoin is a copy of Bitcoin... how are these same problems dealt with? |
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mmitech
Legendary
 Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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June 23, 2013, 07:08:10 PM |
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Gox is down here, is it working for you guys ?
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phoenix1
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June 23, 2013, 07:09:08 PM |
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Is it just me, or do other people also miss the gifs on bitcoinity?
Just for you ... don't EVER let go of your Bitcoins ...  |
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fr33d0miz3r
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June 23, 2013, 07:09:52 PM |
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Or Feathercoin, or Blightcoin, or any other coin.
But MtGox will work with Litecoin, this is a fact. It will be a good promotion for LTC in the future. So, not FTC nor anything other. |
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klee
Legendary
Offline
Activity: 1498
Merit: 1000
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June 23, 2013, 07:10:10 PM |
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Aliens are Faster Than Light - LTC too slow.
Go go Feathercoin!
Just to highlight how pointless argument is the speed issue between BTC & LTC. Not to mention XRP (but wait! it's a scam!...)
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ronaldlee0917
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June 23, 2013, 07:12:12 PM |
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Gox is down here, is it working for you guys ?
502 Bad Gateway here |
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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June 23, 2013, 07:13:32 PM |
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Gox is down here, is it working for you guys ?
502 Bad Gateway here i am trying now for more than 5 minutes i cant get to the page |
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Dalib
Full Member
Offline
Activity: 462
Merit: 101
A Top Web 3 Gaming Layer2 Provider
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June 23, 2013, 07:14:18 PM |
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Gox is down here, is it working for you guys ?
502 Bad Gateway here yes, down to me too ... |
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klee
Legendary
Offline
Activity: 1498
Merit: 1000
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June 23, 2013, 07:15:40 PM |
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Dead here too
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phoenix1
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June 23, 2013, 07:15:57 PM |
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Gox is down here, is it working for you guys ?
502 Bad Gateway here Don't worry, everything is under control  |
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klee
Legendary
Offline
Activity: 1498
Merit: 1000
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June 23, 2013, 07:17:18 PM |
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Testing LTC in the new trading engine  |
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fr33d0miz3r
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June 23, 2013, 07:18:49 PM |
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They are rebooting  |
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Poll
