As within, so without

[AntRenteria]

There are a lot of things happening in the world today that are beneficial to the society as a whole and there are also happenings that are beneficial only to an individual.
Now my Question is this. Where do we see bitcoin in the next 5-10 years?
If it were to be taken over by the wrong person, could the effects be devastating?
Although still in its "adolescent" stage. These are questions we must ask ourselves.

[Jacce]

I think that either Bitcoin is very big in 5-10 years, or another digital curerency like LTC is. Also, I don't find it very likely for someone to "take over" Bitcoins.

[AntRenteria]

I think that either Bitcoin is very big in 5-10 years, or another digital curerency like LTC is. Also, I don't find it very likely for someone to "take over" Bitcoins.

Oh really??

https://bitcointalk.org/index.php?topic=341940.0

Read through that and tell me is unlikely that bitcoins wont be taken over. Bit coin is "no longer an open payments system, but rather a restricted, locked down platform with central control in the form of the current certificate authority structure, blacklisting of Bitcoins, reversing transactions and much more." (from the url above.)

Its almost ignorant (Im not calling YOU ignorant, just your idea) to think that bitcoin has some sort of "force field" against someone buying it out. haha

[Gator-hex]

Litecoin is the most distributed network and least likely to be taken over.

I call it the Communist version of Bitcoin, because they made sure those capitalist pigs couldn't make ASICs to concentrate the supply of coin production into the hands of the few!

Litecoin keeps the printing press in the hands of the many and mining on a level playing field.

[Wendigo]

Scrypt asics coming early in 2014 by the way.

[Gator-hex]

Scrypt asics coming early in 2014 by the way.

I'll believe it when I see it.

The Scrypt algorithm used in Litecoin was designed to use large amounts of expensive memory to keep them uneconomical to produce.
Did the price of memory suddenly go down or the price of Litecoin go up?

[hellfrozenow]

Scrypt asics coming early in 2014 by the way.

Will be funny when finally capitalist pigs make Litecoin ASICs and concentrate the supply of coin production into the hands of the few!

But those who hold stacks of Litecoins will choose different reason 

[gracesfall]

Litecoin is the most distributed network and least likely to be taken over.

I call it the Communist version of Bitcoin, because they made sure those capitalist pigs couldn't make ASICs to concentrate the supply of coin production into the hands of the few!

Litecoin keeps the printing press in the hands of the many and mining on a level playing field.

This is one of the "many" who can't wrap her head around how to mine LTC. Since the diff is so low, I wanted to mine off my PC. I've dl a couple of different mining clients but am too much of a dunce to configure it...sigh...

[Siigari]

I have to admit I'm slightly nervous about the prospect of ASICs for scrypt.

I have a good setup with my GPUs