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Author Topic: Altcoins becoming more prominent  (Read 725 times)
fishy (OP)
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June 13, 2013, 12:17:15 AM
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Do you think a scrypt based altcoin will ever become as prominent as bitcoin?
Most of them don't offer any advantages besides that they are scrypt based, so...
(litecoin, worldcoin, etc.)

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The block chain is the main innovation of Bitcoin. It is the first distributed timestamping system.
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Xian01
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June 13, 2013, 02:56:04 AM
 #2

No.
Martisor-Sobru
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June 13, 2013, 03:00:40 AM
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yes  Cheesy
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June 13, 2013, 05:56:43 AM
 #4

IMO litecoins aren't useful for anything other than buying bitcoins and fiat cashout. As bitcoin difficulty is too much for GPU miners, alt coins will devaluate not because of extra people moving there but rather the rate of difficulty increase is lower than bitcoin's rate of difficulty increase.
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June 13, 2013, 06:19:27 AM
 #5

no

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spiral_mind
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June 13, 2013, 06:58:19 AM
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It doesn't seem like scrypt really adds anything. Once the hashrate is high enough I am sure ASICS will get made for it. The only thing that makes litecoin appealing to me is faster transaction times.
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June 13, 2013, 07:01:33 AM
 #7

Do you think a scrypt based altcoin will ever become as prominent as bitcoin?
Most of them don't offer any advantages besides that they are scrypt based, so...
(litecoin, worldcoin, etc.)

It depends on what the community and large exchanges accept as "valid" currencies.

Could happen to LTC, but future is hard to tell.
amytheplanarshift
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June 13, 2013, 07:36:14 AM
 #8

It doesn't seem like scrypt really adds anything. Once the hashrate is high enough I am sure ASICS will get made for it. The only thing that makes litecoin appealing to me is faster transaction times.

YACoin.

http://nem.io/
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June 13, 2013, 07:49:13 AM
 #9

i think litecoin can increase in value, when they will arrive on mtgox
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June 13, 2013, 07:57:07 AM
 #10

With proper funding and promotion yes.
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