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Author Topic: 2013-08-15 - Litecoin and Bitcoin in the Context of the Gold-Silver Ratio  (Read 592 times)
LiteCoinGuy
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August 19, 2013, 11:48:59 PM
 #1

As the digital currency markets continue to mature and build trade history, we can learn more about market reactions, patterns and influences. Often cited as the digital version of gold – a finite, non-state wealth store – bitcoin may be joined in the world of nouveau analogies by litecoin, which has already become commonly referenced as digital silver.


http://thegenesisblock.com/understanding-the-gold-silver-ratio-and-how-it-may-apply-to-bitcoin-and-litecoin/



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p2pbucks
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August 20, 2013, 12:23:01 AM
 #2

btc is gold ,but i dont think ltc is silver
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August 20, 2013, 04:45:21 AM
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btc is gold ,but i dont think ltc is silver

why not?

it has more industrial retail uses whereas gold bitcoin takes longer to transfer; it's more likely to just set in vaults wallets

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August 21, 2013, 12:04:19 AM
 #4

I think Litecoin is fundamentally flawed technically, without even going into the whole premining thing.

So, maybe its more like pewter or barely-refined copper than silver.

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bitcool
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August 21, 2013, 04:33:18 AM
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Silver is poor man's gold.

Litecoin is poor miner's gold.

..... a bunch of obsolete GPU owners.
LiteCoinGuy
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August 21, 2013, 03:24:18 PM
 #6

i think litecoin is a good insurance to the bitcoin system and has some interesting changes.  also there are some good developers that are working on that! Smiley

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August 21, 2013, 04:10:02 PM
 #7

For one thing, I would like to see the "experimenters" such as Zero Coin, and MasterCoin try out their new changes on Litecoin rather than on Bitcoin.  Just my humble opinion but it seems more like a place to try the new, than to monkey with Bitcoin's blockchain.

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