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Author Topic: 2013-06-17 Wired - Meet Litecoin, Bitcoin's little brother  (Read 767 times)
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June 17, 2013, 10:24:31 AM
 #1

http://www.wired.co.uk/news/archive/2013-06/16/litecoin

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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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June 17, 2013, 11:41:42 AM
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Litecoin is orders of magnitude more secure than Bitcoin, due to its use of a cryptography technique called scrypt, which makes it very costly to attack due to the large amounts of memory involved.


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June 17, 2013, 01:37:51 PM
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Ahahaha Wired EPIC FAIL

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June 17, 2013, 01:57:23 PM
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That is a shame to wrongly put bitcoin down.
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June 17, 2013, 01:58:34 PM
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If this article is as visionary as their previous one in 2011 'The rise and fall of bitcoin' , all is well for the bitcoiners Wink
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June 17, 2013, 03:41:12 PM
 #6

More like Bitcoin's meth-addicted little brother, with his too-rapid confirms and undeniable scaling issues.

Also wired is doing its best to cement in place the "Irrelevancy Award" I see. They stopped being interesting many years ago, which coincidentally, was when the ratio of actual text to ads declined as well. Now they're a few hops and a skip away from being a technical ad-rag.

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