2013-07-31 Is it Litecoin's time to shine? Investors flocking to Bitcoin

[patricktim]

http://www.prnewswire.com/news-releases/is-it-litecoins-time-to-shine-investors-flocking-to-bitcoins-successor-217730131.html

Litecoin is a peer-to-peer Internet currency that enables instant payments to anyone in the world. It is based on the Bitcoin protocol but differs from Bitcoin in that it can be efficiently mined with consumer-grade hardware. Litecoin provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have. The Litecoin network is scheduled to produce 84 million currency units.

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[Warhawk24]

Hmm wow.  I do agree that http://Coinhuntr.com is a good ltc pool

[TraderTimm]

Is a PRNews piece, which you have to pay to get placed on, really worthy material for the "Press" section? Isn't this just a variant on paid product placement?

[vokain]

Is a PRNews piece, which you have to pay to get placed on, really worthy material for the "Press" section? Isn't this just a variant on paid product placement?

no. yes.

[LiteCoinGuy]

Litecoin will always shine bright as the sun

[toddtervy]

http://www.prnewswire.com/news-releases/is-it-litecoins-time-to-shine-investors-flocking-to-bitcoins-successor-217730131.html

Litecoin is a peer-to-peer Internet currency that enables instant payments to anyone in the world. It is based on the Bitcoin protocol but differs from Bitcoin in that it can be efficiently mined with consumer-grade hardware. Litecoin provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have. The Litecoin network is scheduled to produce 84 million currency units.

Litecoin not too bad.  Was trading very cheaply until a big upward momentum earlier this year.

[LiteCoinGuy]

"Mt.Gox said it will also soon launch a new trading engine called Midas that is capable of running “much more” than 500,000 trades per second, as well as a new user interface design. Once all these pieces are in place, the team added, Mt.Gox will be able to support the Bitcoin rival Litecoin."

http://gigaom.com/2013/08/05/bitcoin-exchange-mt-gox-reveals-technical-upgrades-to-boost-performance/

[TraderTimm]

Upon which point it will resemble the BATS IPO:

[LiteCoinGuy]

dont think so.