[ANN] Litecoin - a lite version of Bitcoin. Launched!

[tearfereon]

You are completely missing my point. If there has to be other cryptocurrencies, there is no particular reason it will be Litecoin (or any of those other gimmicky forks). There isn't much special about it.

Your right, but many have litecoins already, so it might help creating places accepting Litecoin

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[haightst]

We decided to do a reddit AMA with the Litecoin dev team on Litecoin's 2nd anniversary!
http://www.reddit.com/r/litecoin/comments/1o3fdz/we_are_the_litecoin_dev_team_ama/

nice 2 years wow ...is there a reason for the mega bounce?  tiA!

[reb0rn21]

You are completely missing my point. If there has to be other cryptocurrencies, there is no particular reason it will be Litecoin (or any of those other gimmicky forks). There isn't much special about it.

sure it gona be some LTC crap clone with no network at all and with 20% premine you hold, ffs!

LTC is ONLY alt coin with it his own network which is stable for last year or so!, any other crap coin can be forked by anyone anytime!

That is why Litecoin gona survive and be next big thing, 30Gh/s + stable network, most popular by far as any alt coin, new more secure algo, faster block time, gr8 developer team!

[Otoh]

You are completely missing my point. If there has to be other cryptocurrencies, there is no particular reason it will be Litecoin (or any of those other gimmicky forks). There isn't much special about it.

sure it gona be some LTC crap clone with no network at all and with 20% premine you hold, ffs!

LTC is ONLY alt coin with it his own network which is stable for last year or so!, any other crap coin can be forked by anyone anytime!

That is why Litecoin gona survive and be next big thing, 30Gh/s + stable network, most popular by far as any alt coin, new more secure algo, faster block time, gr8 developer team!

+1

http://coinmarketcap.com <--- Market Cap of different crypto currencies.

A reddit user "chrystov" had a great comment about litecoin: "I'm definitely keeping my eye on Litecoin as a secondary vehicle. It will never pace up to bitcoin, but I see it as the most viable in the landscape of altcoins, not because its technically superior necessarily, but because of its positioning. Value is an agreed-upon perception validated by a critical mass of market involvement. Litecoin has a good tinderbox signature."

[haightst]

You are completely missing my point. If there has to be other cryptocurrencies, there is no particular reason it will be Litecoin (or any of those other gimmicky forks). There isn't much special about it.

sure it gona be some LTC crap clone with no network at all and with 20% premine you hold, ffs!

LTC is ONLY alt coin with it his own network which is stable for last year or so!, any other crap coin can be forked by anyone anytime!

That is why Litecoin gona survive and be next big thing, 30Gh/s + stable network, most popular by far as any alt coin, new more secure algo, faster block time, gr8 developer team!

+1

http://coinmarketcap.com <--- Market Cap of different crypto currencies.

A reddit user "chrystov" had a great comment about litecoin: "I'm definitely keeping my eye on Litecoin as a secondary vehicle. It will never pace up to bitcoin, but I see it as the most viable in the landscape of altcoins, not because its technically superior necessarily, but because of its positioning. Value is an agreed-upon perception validated by a critical mass of market involvement. Litecoin has a good tinderbox signature."

i'm digging this...I was expecting for sure a break below the 10s now looks like LITECOINS(#1 BEST KNOWN ALT COIN!) are back up and gaining steam//^ UP UP AND AWAYYYYY +1

*secondary markets is why imo*



thanks for this ~>

http://coinmarketcap.com/ltc_30.html

[MakeBelieve]

Litecoin actually looks good. Much better than all the other altcoins. Maybe this one is worth investing in?

[Wekkel]

People like choice. It wont be different with easy interchangeable cryptos. Litecoin, money for the masses.

[Notanon]

In an ideal world, it'd be trading a bit closer to a minimum of 0.25BTCs per coin, reflecting supply ratios and the quartered block time.

[Wekkel]

In an ideal world, it'd be trading a bit closer to a minimum of 0.25BTCs per coin, reflecting supply ratios and the quartered block time.

If this happens, this will only be at a moment that the market for crypto is getting saturated. We are still miles away from that moment. Bitcoin will have a lead for a long time (5 years and more). If you are betting on this implied factor (of 17 at this moment), prepare to hold LTC for a very long time.

[Netnox]

You are completely missing my point. If there has to be other cryptocurrencies, there is no particular reason it will be Litecoin (or any of those other gimmicky forks). There isn't much special about it.

fuck off with your fud

[Notanon]

In an ideal world, it'd be trading a bit closer to a minimum of 0.25BTCs per coin, reflecting supply ratios and the quartered block time.

If this happens, this will only be at a moment that the market for crypto is getting saturated. We are still miles away from that moment. Bitcoin will have a lead for a long time (5 years and more). If you are betting on this implied factor (of 17 at this moment), prepare to hold LTC for a very long time.

Yeah, will be a long time before that happens. Then again, if the difficulty of Litecoin starts spiralling upwards, what's to stop miners selling their coins at higher prices to offset mining costs, particularly the larger ones who have access to way more processing power than the average person mining on a video card on their home PC?

[Loco]

Come'on, what is happening to LTC? its been dropping everyday.... time for me to shut down if it hit $1.7.

LTC is a complete different story compared to BTC. As long as BTC rises in value LTC might not have a chance to develop.

But as soon as BTC deflation slows down LTC may be expected to rise until its value is in balance with Bitcoin.

Think that technically LTC and BTC is nearly the same. And the liquidity of BTC will not be enough to cover the market demand.

But implementation of LTC into services is comparible easy to BTC - no barrier.

not be enough? wtf...
dude the 8 decimals can be change into 100 decimals in any minute... but we dont need it.
when bitcoin rises, they will change that and GG...
wtf are you talking :S...
why are noobs talking -.-" ??

[StewartJ]

You are completely missing my point. If there has to be other cryptocurrencies, there is no particular reason it will be Litecoin (or any of those other gimmicky forks). There isn't much special about it.

Nothing special perhaps in its functionality.

But for sheer market value, that's a different story...

- Over $68 million in Market Capitalization
- Value of 1 LTC in early 2012: $0.009 Value in Late 2013: $3.00
- High volume trading on BTC-e and on Chinese Exchanges
- Slated to be traded on Mt Gox Midas Exchange and others
- LTC has been added as a standard trading currency (like BTC) in various exchanges

LTC is is well established as THE Second Coin, with a good reputation in the Alt Coin community, AND it has not been tarnished with BTC's dark world connections.

Any basic due diligence into this coin will show the potential for great gains in the next few years.

[Valerian77]

Think that technically LTC and BTC is nearly the same. And the liquidity of BTC will not be enough to cover the market demand.

not be enough? wtf...
dude the 8 decimals can be change into 100 decimals in any minute... but we dont need it.
when bitcoin rises, they will change that and GG...
wtf are you talking :S...
why are noobs talking -.-" ??
[/quote]

cool down junior

Please compare the different money amount M0, M1, M2, M3 for USD or EUR.

M3 amount as Jan, 2013:
EUR cents  ~   10E14  
USD cents  ~   11E14

M1 for Bitcoin in 2033 will be 21E14 units. But firstly the money demand will grow and secondly with Bitcoin we are not mapping only EUR or USD but all money supplies plus additional commodies like Geld.

[DeathAndTaxes]

Why would you compare it to M3?

M0 = currency.  There is roughly $5T in currency (M0) in the world.  That is 500 trillion US pennies.  That is all the currency on the entire planet used by all people of all nations.  

Bitcoin has 2.1 quadrillion (2,100 trillion) divisible units that is 21M BTC @ 1E8 Satoshis per BTC.  There are roughly 4x as many divisible units in Bitcoin then there are pennies in the global currency supply. Also I think the "one coin to rule them all" dream is just that a dream.  Fiat currency isn't going away.  Bitcoin and other competitors will compete with national fiat currencies but they will still exist in some form.  However even under the absolute end game of end game scenarios where Bitcoin replaces all other forms of currency on the planet (and shares none of that with any alt-coins) there are still enough divisible units.

[Wekkel]

Litecoin is going fine after 2 years since its inception.

Let's continue to build the case for Litecoin:

I agree: Bitcoin won't replace other currencies and won't be the only crypto currency around.

[hope2907]

it seems that 25% of network hashrate come from botnet

[jjtech]

Sorry to be a pain. It was probably mentioned her but I missed it ( I am at work on my shitty phone). What is the best place to buy litecoins and most reliable wallet to keep it?

[MaGNeT]

Litecoin just went over $10 

[xchrix]

Litecoin just went over $10 

+1 great day