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solracx
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September 22, 2013, 12:15:37 PM |
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The fact that there are new bitcoin miners that operate at the terahash level on just 28nm technology means that the NSA has for a while now had terahash machines that could brute force crack and sha256 encryption. |
ZenithCoin - Sustainable Scrypt Based Crypto Currency
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Buffer Overflow
Legendary
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Activity: 1652
Merit: 1015
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September 22, 2013, 12:20:03 PM |
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You do realise that Litecoin uses SHA-256 don't you? |
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solracx
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September 22, 2013, 12:25:11 PM |
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You do realise that Litecoin uses SHA-256 don't you? The proof of work is not SHA-256. For the calculation of the merkel roots it does, but not sure how this is even exploitable! The transaction signing is the same but uses Elliptic Curve signatures. This is not too much of an issue if you change your addresses often. |
ZenithCoin - Sustainable Scrypt Based Crypto Currency
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digitalindustry
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September 22, 2013, 12:59:51 PM |
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You do realise that Litecoin uses SHA-256 don't you? The proof of work is not SHA-256. For the calculation of the merkel roots it does, but not sure how this is even exploitable! The transaction signing is the same but uses Elliptic Curve signatures. This is not too much of an issue if you change your addresses often. Also there are other measures that can be taken that have been developed from this forum - , some of this is a bit of FUD , as the redesigning of the Signatures algo can be done so it is said, also say with a system that has been implemented with some of the PoS currency is an effective strategy - Also it is said if Sigs were cracked this would not be transparent . the problem with a "pure SHA-256" is the risk to the whole Blockchain, in my opinion . one can't definitively rule that out. in this case. , BTC falls victim of the "first of a first" syndrome perhaps? |
- Twitter @Kolin_Quark
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rix5
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September 22, 2013, 02:12:39 PM |
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in the long run btc will go up ... so ltc will also go up in the long run just because of the fact that cryptocurrencies in general have still a HUGE market to gain ... we are still in the first days of a big financial shift. This even has potential to eradicate all centralized money in the long run. This thread a waste of time. I'll buy your ltc for low ... have a good day ...
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FrictionlessCoin
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Cryptotalk.org - Get paid for every post!
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September 22, 2013, 02:19:38 PM |
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at $2.4 a coin, it is very impressive.
what other real currency is valued this high?
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miffman
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PGP ID: 78B7B84D
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September 22, 2013, 02:20:55 PM |
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at $2.4 a coin, it is very impressive.
what other real currency is valued this high?
copperbar. but that is not nearly as popular as litecoin |
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Reaper3
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September 22, 2013, 02:21:33 PM |
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at $2.4 a coin, it is very impressive.
what other real currency is valued this high?
But its peak was already a while ago |
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tacotime
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September 22, 2013, 02:45:07 PM |
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at $2.4 a coin, it is very impressive.
what other real currency is valued this high?
But its peak was already a while ago Just like bitcoin, which rose to $30 and then died at $2 RIP bitcoin  |
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns |
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bearcat10
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September 22, 2013, 02:49:17 PM |
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I agree too. The only currency that worth trading and has a value is bitcoin. It has enough services, popularity and support to stay stable. SO for me as a trader bitcoin is the No.1 and only option.
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weex
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September 22, 2013, 08:07:10 PM |
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Seems more and more people are choosing to support Litecoin every day. A lot of new services sparked by the April run-up are supporting Litecoin as a gimme. If they have code for bitcoind it's ludicrous not to add a litecoind instance as well. It's a dream but not of the pipe variety.
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worldtreasurefinders
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September 22, 2013, 09:01:06 PM |
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There is still a tremendous amount of market demand for crypto currencies. With bitcoin at $125 and rising, there is plenty of demand for a less expensive alternative. History has shown the success of gold and silver as currencies - there will/must be a silver to the gold of bitcoin, and there is nothing but LTC at the moment that can fill that market gap. Hold on to your LTC, in a year or years time, your LTC will be valued at $10-25.
The historical gold/silver ratio is 16:1, and as human nature seems to stay the same over the millennia, that is the target ratio I am looking for. I.E, BTC at $125 means LTC should be $7.81. There is still a lot of upside potential to LTC.
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Architect, Anarchist, Numismatist, Crypto-Enthusiast.
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Reaper3
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September 22, 2013, 09:01:11 PM |
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at $2.4 a coin, it is very impressive.
what other real currency is valued this high?
But its peak was already a while ago Just like bitcoin, which rose to $30 and then died at $2 RIP bitcoin lol but can you say that about everycoin? e.g FTC? DGC? |
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ElectricMucus (OP)
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Marketing manager - GO MP
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September 22, 2013, 09:56:39 PM |
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What's impressive is that you guys seem to be ignoring any warnings of how the current valuation isn't justified by any margin.
The initial take off was due to Atlantis which has later been intensified by the Gox rumour. Before LTC was worth around a nickel. These prices were justified because of the circumstances back then, and now these circumstances are again very similar. There is no concrete use for Litecoin at this point, and when Bitcoin had the market cap of LTC in 2011 it had silkroad and a several legit merchants. All of which LTC now lacks.
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aa
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September 23, 2013, 06:53:00 AM |
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Putting you on ignore, OP, for your attempt to scam people. The announcement of that crap closing down was days ago and yet the price has not dropped at all. That means that anyone who was using that shit hole didn't even have enough coin to drop the price by $0.01 after cashing out.
I'm putting everyone else who made the same idiotic comments that OP did on ignore as well. Everyone else should do the same to OP and his FUD team. Actually, it's clear from OP's extremely brown Ignore button that he's already been ignored more times than that foolish child Simran.
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SaltySpitoon
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Welcome to the SaltySpitoon, how Tough are ya?
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September 23, 2013, 06:59:34 AM |
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Have you ever used Atlantis though? They do like 5 trades per week. I wouldn't exactly call it a big loss to Litecoins. I'm not sure why Litecoins are at $2.35 each right now, there doesn't seem to be much actual market depth in them, however, like I said, the fact that when Atlantis shut down, and the panic sells lead to a total of 3% decrease in value, from .0200 to .0194 leads me to believe that Atlantis wont really be missed.
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CoinBuzz
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September 23, 2013, 08:17:23 AM |
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do not hold your coins.
make them move in network. do something with them. create more transaction for network. gamble a bit. giveaway some. fake transfer to another account of yourself. anyway make transaction for litecoin. use your coins.
that give you more profit than holding.
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Buffer Overflow
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Merit: 1015
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September 23, 2013, 08:43:16 AM |
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do not hold your coins.
make them move in network. do something with them. create more transaction for network. gamble a bit. giveaway some. fake transfer to another account of yourself. anyway make transaction for litecoin. use your coins.
that give you more profit than holding.
Lost me on that one.  |
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digitalindustry
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September 23, 2013, 09:43:08 AM |
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do not hold your coins.
make them move in network. do something with them. create more transaction for network. gamble a bit. giveaway some. fake transfer to another account of yourself. anyway make transaction for litecoin. use your coins.
that give you more profit than holding.
Lost me on that one. he's saying shake your booty - wiggle it just a little bit, hes definitely talking about dancing . he's jive talking you . |
- Twitter @Kolin_Quark
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