THE LTC effect ON BTC

[jubalix]

My view is that CC's as a concept have a total market penetration value. Thus LTC will suck out value from BTC to the level of LTC success v BTC success in that market penetration, and so on.

Further exchanges like BTC-e will be forced to list more coins as they lose market share to gox. same with Vircurex

so FC and BYTE will be listed.

[romerun]

exactly, and when some odd coins in btc-e become less odd, hoarders will tweet magicaltux to list them in gox, and so the cycle continues.

[blastbob]

Works for me

[jubalix]

exactly, and when some odd coins in btc-e become less odd, hoarders will tweet magicaltux to list them in gox, and so the cycle continues.

the other appeal is it sort get the value out of early adopters hands in BTC, so that is very appealing to new chains and people that feel they missed out....

[Come-from-Beyond]

My view is that CC's as a concept have a total market penetration value. Thus LTC will suck out value from BTC to the level of LTC success v BTC success in that market penetration, and so on.

Further exchanges like BTC-e will be forced to list more coins as they lose market share to gox. same with Vircurex

so FC and BYTE will be listed.

Yup. By the end of this year we can see 1 LTC > 1 BTC.

[smoothie]

And as alt coins that are trash are exposed as trash over time by no usage as a means of exchange they will be removed after people lose interest in them.

NVC, TRC, and PPC (we'll see about the last one).

[jubalix]

And as alt coins that are trash are exposed as trash over time by no usage as a means of exchange they will be removed after people lose interest in them.

NVC, TRC, and PPC (we'll see about the last one).

If they offer nothing new they may face challenges

I suspect TRC is a pet coin of well you figure it out.

PPC however I think will take the crown from BTC.

I am not sure about LTC 1 to 1.

On one hand it has speed, and asic resistant so it will have much more broad based appeal until and asic comes out for it..

LTC may face 4x chain bloat over BTC though....

Feel free to correct me If I am wrong on any point

[longlegs]

PPC however I think will take the crown from BTC.

I am curious why you say that

[peacefulmind]

This is GOOD -

The pie needs to grow and hearts and minds need to be won - only ALL of the people together can topple central banking IMHO - not a few of the earliest adopters.

People who have said this is bad for cryptos are extremely shortsighted.

With the ASICs coming we need a currency for new people to adjust to the idea of mining and understand that a central authority does not issue money in the future.

This lets new people better participate and accept what for many will be a major psychological change in their minds regarding "what is money?" and its decentralization.

Bitcoin needs Litecoin and other alts whether the elitists admit it or not.  It is a useful exercise for new people to be able to participate in the generation of "money."

[jubalix]

PPC however I think will take the crown from BTC.

I am curious why you say that

I humbly suggest do a little reading on PPC digest it all...

It has some rather large advantages....the BTC may have to adopt...

[crazy_rabbit]

PPC however I think will take the crown from BTC.

I am curious why you say that

I humbly suggest do a little reading on PPC digest it all...

It has some rather large advantages....the BTC may have to adopt...

Betamax had some rather large advantages over VHS.

[Boxman90]

Yes and VHS got accepted because the porn industry chose VHS over Betamax.

So all we need to do is get the porn industry to accept LTC. That'll skyrocket the price.

[Rubberduckie]

Yes and VHS got accepted because the porn industry chose VHS over Betamax.

So all we need to do is get the porn industry to accept LTC. That'll skyrocket the price.

VHS only won because the the size of the it meant a bigger hole for kids to post their hot wheels cars into the VHS player

[jubalix]

PPC however I think will take the crown from BTC.

I am curious why you say that

I humbly suggest do a little reading on PPC digest it all...

It has some rather large advantages....the BTC may have to adopt...

Betamax had some rather large advantages over VHS.

hahaaa well played....

VHS/BETA = BTC/LTC

but CD/DVD then HD, and now SSD USB sticks sent them both to the grave

[jubalix]

Yes and VHS got accepted because the porn industry chose VHS over Betamax.

So all we need to do is get the porn industry to accept LTC. That'll skyrocket the price.

This is a good point.....

[blastbob]

I rather pay with coins and be more anonymous than using my CreditCard with full name. And its not refundable.. so its should be a good option for the porn industry in my eyes

[FuzzyBear]

Yes and VHS got accepted because the porn industry chose VHS over Betamax.

So all we need to do is get the porn industry to accept LTC. That'll skyrocket the price.

VHS only won because the the size of the it meant a bigger hole for kids to post their hot wheels cars into the VHS player

this post needs a bump that has toi be the best reason i ever heard to why VHS beat Betamax


also...

My view is that CC's as a concept have a total market penetration value. Thus LTC will suck out value from BTC to the level of LTC success v BTC success in that market penetration, and so on.

Further exchanges like BTC-e will be forced to list more coins as they lose market share to gox. same with Vircurex

so FC and BYTE will be listed.

either we all sexually deprived, or that is all we have on our minds in this thread!!

[drawingthesun]

PPC needs to work out the checkpoint issue and also someone mentioned that POS can still be gamed.

I like the idea of PPC but there are still issues.

Also PPC can never be 1:1 with Bitcoin unless Bitcoin actually fails, because there are already more PPC than Bitcoins in existence.

[jubalix]

PPC needs to work out the checkpoint issue and also someone mentioned that POS can still be gamed.

I like the idea of PPC but there are still issues.

Also PPC can never be 1:1 with Bitcoin unless Bitcoin actually fails, because there are already more PPC than Bitcoins in existence.

yes but it appears there will be some 2 million less PPC all told...I may be wrong

[digitalfog]

With the ASICs coming we need a currency for new people to adjust to the idea of mining and understand that a central authority does not issue money in the future.

This lets new people better participate and accept what for many will be a major psychological change in their minds regarding "what is money?" and its decentralization.

Bitcoin needs Litecoin and other alts whether the elitists admit it or not.  It is a useful exercise for new people to be able to participate in the generation of "money."

Well said!  The democratization of crypto-currencies will be ensured with grass-roots involvement (mining) by its users.