cyclops
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Activity: 1162
Merit: 1001
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August 31, 2013, 09:16:19 PM |
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I dont think litecoin will go that high.
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Lauda
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Activity: 2674
Merit: 2965
Terminated.
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September 01, 2013, 01:29:50 AM |
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Who and what are they doing with LTC now?
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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viboracecata
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Activity: 1316
Merit: 1000
Varanida : Fair & Transparent Digital Ecosystem
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September 01, 2013, 03:09:31 AM |
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that will be true some day.
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Tomatocage
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Activity: 1554
Merit: 1222
brb keeping up with the Kardashians
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September 01, 2013, 03:16:39 AM |
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Remember, Bitcoin dipped to $2.xx last year too.
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Nolo
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September 01, 2013, 03:19:58 AM |
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Remember, Bitcoin dipped to $2.xx last year too.
[WTB] Time Machine @ 100BTC |
Charlie Kelly: I'm pleading the 5th. The Attorney: I would advise you do that. Charlie Kelly: I'll take that advice under cooperation, alright? Now, let's say you and I go toe-to-toe on bird law and see who comes out the victor? The Attorney: You know, I don't think I'm going to do anything close to that and I can clearly see you know nothing about the law.
19GpqFsNGP8jS941YYZZjmCSrHwvX3QjiC
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cosurgi
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September 01, 2013, 09:07:55 AM |
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Is LTC dev's active at all?
what are they working on these days?
I'm pretty sure Charlie Lee who created litecoin is working at Coinbase right now. I have no idea whether or not he is still actively working on litecoin. So who develop litecoin now? I think mostly Warren, but with audit from bitcoin developers. They created a litecoin association recently. They recently made a new litecoin release. See their posts for yourself: https://forum.litecoin.net/index.php/board,1.0.htmlfor example Warren is talking about 10-15 kUSD regarding legal expenses & lawyers. Weex is busy organizing the litecoin association, which is roughly disconnected from litecoin developers so that they can focus on developing instead of working on organizational issues. I think that litecoin community is pretty active. You just didn't notice when they moved to their own forum  |
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Lauda
Legendary
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Activity: 2674
Merit: 2965
Terminated.
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September 01, 2013, 10:11:11 AM |
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Remember, Bitcoin dipped to $2.xx last year too.
[WTB] Time Machine @ 100BTC [WTB] Time Machine @ 101BTC and another 10 000 BTC @ $2.00 |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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cosurgi
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September 01, 2013, 10:20:43 AM |
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Remember, Bitcoin dipped to $2.xx last year too.
[WTB] Time Machine @ 100BTC [WTB] Time Machine @ 101BTC and another 10 000 BTC @ $2.00 maybe it is the last time when you see litecoins at such a low price  |
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Lauda
Legendary
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Activity: 2674
Merit: 2965
Terminated.
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September 01, 2013, 10:58:27 AM |
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Remember, Bitcoin dipped to $2.xx last year too.
[WTB] Time Machine @ 100BTC [WTB] Time Machine @ 101BTC and another 10 000 BTC @ $2.00 maybe it is the last time when you see litecoins at such a low price Maybe, wait, surely you're wrong. This is just profit manipulation. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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Notanon
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September 01, 2013, 05:02:04 PM |
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Getting more vendors behind Litecoin would go a long way to helping reach the $25 dollar mark. A Mt.Gox-like exchange site for more currencies than just the US Dollar and the Euro wouldn't go astray, either.
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smoothie
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Activity: 2492
Merit: 1474
LEALANA Bitcoin Grim Reaper
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September 01, 2013, 06:19:31 PM |
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Remember, Bitcoin dipped to $2.xx last year in 2011 too.
FTFY |
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
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Lauda
Legendary
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Activity: 2674
Merit: 2965
Terminated.
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September 01, 2013, 07:49:11 PM |
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Litecoin doesn't deserve to be the top alt.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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CoinBuzz
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September 02, 2013, 04:15:40 PM |
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Litecoin doesn't deserve to be the top alt.
Why? |
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hendo420
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September 02, 2013, 04:33:46 PM |
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Litecoin doesn't deserve to be the top alt.
Why? Budweiser Bud Lite Bitcoin Litecoin /thread |
ebmarket.co
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LlamaMaster
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Activity: 51
Merit: 0
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September 02, 2013, 06:16:34 PM |
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Litecoin doesn't deserve to be the top alt.
And pop music doesn't deserve to be loved by tens of millions of people. It doesn't matter what the quality of the coin is; only how many people care about it. |
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CoinBuzz
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September 02, 2013, 07:02:49 PM |
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litecoin just needs to be spendable in a manner.
i dont see anybody try to accept litecoin seriously.
and even more,
for the end-user people, they have bitcoin option, why should they change their money to litecoin for spending it on sites that accepts both bitcoin & litcoin???
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DeathAndTaxes
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Activity: 1218
Merit: 1079
Gerald Davis
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September 02, 2013, 07:15:14 PM |
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litecoin just needs to be spendable in a manner.
i dont see anybody try to accept litecoin seriously.
and even more,
for the end-user people, they have bitcoin option, why should they change their money to litecoin for spending it on sites that accepts both bitcoin & litcoin???
That is the power of the network effect. Why would a merchant accept LTC if most people who have LTC also have BTC? Why would a user (not a miner but just a user) acquire LTC to spend if more merchants accept BTC and almost all that accept LTC also accept BTC? Why would a merchant only looking to convrert to fiat (using cryptocurrency as a proxy for dollars & a payment platform) accept LTC given the lower liquidity, the need for double conversion in many cases, and the lack of turnkey solutions (bitpay, coinbase, etc)? The network effect creates a self reinforcing cycle that only becomes stronger as the network gets larger. |
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CoinBuzz
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September 02, 2013, 07:18:49 PM |
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litecoin just needs to be spendable in a manner.
i dont see anybody try to accept litecoin seriously.
and even more,
for the end-user people, they have bitcoin option, why should they change their money to litecoin for spending it on sites that accepts both bitcoin & litcoin???
That is the power of the network effect. Why would a merchant accept LTC if most people who have LTC also have BTC? Why would a user (not a miner but just a user) acquire LTC to spend if more merchants accept BTC and almost all that accept LTC also accept BTC? Why would a merchant only looking to convrert to fiat (using cryptocurrency as a proxy for dollars & a payment platform) accept LTC given the lower liquidity, the need for double conversion in many cases, and the lack of turnkey solutions (bitpay, coinbase, etc)? The network effect creates a self reinforcing cycle that only becomes stronger as the network gets larger. So, how a network gets larger? |
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DeathAndTaxes
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Activity: 1218
Merit: 1079
Gerald Davis
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September 02, 2013, 07:28:35 PM |
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So, how a network gets larger? Well that is a good question. Merchants accepting LTC along side BTC is good but has a small network effect. Merchants that only accept LTC provides more a network effect. Even more useful would be developing the supporting infrastructure? Where is the LTC equivalent of bitpay to provide turnkey solutions for merchants? Where is a US/EU based exchange which provides LTC/USD pairs? If LTC is less liquid and harder to adopt then outside the dreams of those holding large coins it is improbable to think merchants will adopt it. I mean lets look at Bitcoin. Bitpay makes it very easy and risk free to accept. Companies can price in USD, get paid in USD, receive a guaranteed amount of USD, and have funds in their bank account as fast as credit cards. Combine that with no fraud and low fees. Even with that Bitcoin adoption has been slow. Now compare the current LTC situation? Honestly think its network is going to grow faster? The problem is that as valuable as a well run "LTC Bitpay" would be it would only be "as good" as Bitcoin. LTC wasn't ambitious enough and ended up a shallow copy of Bitcoin. That makes it very hard to outgrow its big brother. It may simply be impossible. A crypto-currency which is designed from the ground up to be superior to Bitcoin in areas where Bitcoin is inefficient likely has more of a chance of carve out a niche. Bitcoin is ill-suited for small transactions. A radically different crypto-currency designed to use a floating ledger would provide less security but would provide a superior platform for quicker, lower cost small transactions. Is it enough to compete with off-chain txs? I don't know but at least it would have a competitive advantage. Still nobody would likely be storing huge sums in this complimentary currency due to potentially lower security but it could be successful alongside Bitcoin. Honestly (and no doubt some will disagree) I see only two highly successful alt-coins in the future a) one which tries to compliment Bitcoin (and please no "silver for Bitcoin's gold nonsense) b) one which is so vastly superior to Bitcoin that it displaces it as the dominant currency No alt-coin to date has been ambitious enough to attempt either. |
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