Litecoin Creator (Charlie Lee) Recommends Merged Mining with Dogecoin

[zerodrama]

Litecoin's value is purely hype from the LTC on Gox hype.

May they both share the same fate.

Dogecoin took the jihad mentality out of cryptocoins.

I have my own reasons for going with other coins, but that one thing is the reason why dogecoin has value.

[Rampion]

You all seem to forget the ONLY reason for the existence of Litecoin (and all the other Scrypt coins, BTW) is that it uses a different hashing algo that was supposed to be ASIC resistant.

Now Scrypt ASICs are coming and Scrypt coin developers do not give a shit, they do not even think about forking their creations to change the hashing algo, they just want to keep milking their very own cash-cow.

Serious questions: what is the value proposal of Litecoin now that it will have ASICs? What is the innovation? Why Litecoin should be considered a valid alternative/complement to BTC?








Disclaimer: I own a substantial amount of LTC.

[kelsey]

Litecoin's value is purely hype from the LTC on Gox hype.

May they both share the same fate.

Dogecoin took the jihad mentality out of cryptocoins.

I have my own reasons for going with other coins, but that one thing is the reason why dogecoin has value.

dunno the chinese exchanges took ltc further then gox would have.

dogecoin's the flavor of the month type, stuff like that only last til the next fad comes along.

[kelsey]

You all seem to forget the ONLY reason for the existence of Litecoin (and all the other Scrypt coins, BTW) is that it uses a different hashing algo that was supposed to be ASIC resistant.

incorrect initially it was designed for gpu resistance. also other (be it slight) improvements over btc.

[zerodrama]

dunno the chinese exchanges took ltc further then gox would have.

dogecoin's the flavor of the month type, stuff like that only last til the next fad comes along.

the initial spike came from gox many moons ago.

dogecoin users sold cars and houses for doge.

why?

because no retarded stare contest at the exchanges.

dogecoin means no stress.

no stress means more commerce.

deal with it.

[Rampion]

You all seem to forget the ONLY reason for the existence of Litecoin (and all the other Scrypt coins, BTW) is that it uses a different hashing algo that was supposed to be ASIC resistant.

incorrect initially it was designed for gpu resistance. also other (be it slight) improvements over btc.

CPU or GPU is pretty much the same, as they are both "commodity hardware" which has multiple uses besides cryptocurrency mining. The theoretical problem that pose ASICs is that we will probably reach a point in which very few players (chip manufacturers) will monopolize the mining scene, which would mean that Bitcoin is centralized de facto.

Please let me know what other improvements over BTC you are talking about.

[MisO69]

As far as I can tell anyone can buy ASICS. Same way as anyone can buy a shitload of GPUs. The rich get richer and the poor stay that way. Capitalism at its finest.

The point has come were in order to stay in the game you need to spend money, like any business. All I see here are a bunch of GPU owners crying about having to spend money, trying to convince to world to stop progressing so they can continue to milk their cash cow. Well guess what, thats not going to happen, ASICS will rule scrypt and we with GPU farms will mine other coins for now.

[praxiscat]

Merged mining is not a bad thing. I don't know why there is a panic over it, it makes complete sense and there are already mining pools that do it with dogecoin. They just fly under the radar.

[zerodrama]

Merged mining is not a bad thing. I don't know why there is a panic over it, it makes complete sense and there are already mining pools that do it with dogecoin. They just fly under the radar.

Merge mining decides who is boss of the market by definition.

No self-respecting coin allows someone else to make them second place.

[BitLudmann]

This would definitely kill Dogecoin!
Charlie Lee made an offer only because he sees Doge as a strong competitor, Doge is very able to take the second place instead of Lite.

Litecoin is still going to die due to asics, who need the second asic-Bitcoin if the first one still exists?
Sooner or later this will happen even in spite of a large cap.

Charlie Lee plans to bind Doge to scrypt, in this case Doge wont be able to overtake him. So if Doge won't change the algo, they stay behind Lite forever! 

Save DOGE!
Don't let it merge with half dead coin!

[El Dude]

This would definitely kill Dogecoin!
Charlie Lee made an offer only because he sees Doge as a strong competitor, Doge is very able to take the second place instead of Lite.

Litecoin is still going to die due to asics, who need the second asic-Bitcoin if the first one still exists?
Sooner or later this will happen even in spite of a large cap.

Charlie Lee plans to bind Doge to scrypt, in this case Doge wont be able to overtake him. So if Doge won't change the algo, they stay behind Lite forever! 

Save DOGE!
Don't let it merge with half dead coin!

your a retard if you think a coin with no hard cap and billions of coin will ever replace Litecoin.

dogecoin is broken code and everyone knows that.

[slapper]

This would definitely kill Dogecoin!
Charlie Lee made an offer only because he sees Doge as a strong competitor, Doge is very able to take the second place instead of Lite.

Litecoin is still going to die due to asics, who need the second asic-Bitcoin if the first one still exists?
Sooner or later this will happen even in spite of a large cap.

Charlie Lee plans to bind Doge to scrypt, in this case Doge wont be able to overtake him. So if Doge won't change the algo, they stay behind Lite forever! 

Save DOGE!
Don't let it merge with half dead coin!

your a retard if you think a coin with no hard cap and billions of coin will ever replace Litecoin.

dogecoin is broken code and everyone knows that.

coblee doesn't think so ? He is selling litecoin again to r/dogecoin http://en-us.reddit.com/r/dogecoin/comments/22niq9/merged_mining_amafaq/

Arrogance is not going to help his recruiting efforts, might want to tone that down.

[Spoetnik]

dunno the chinese exchanges took ltc further then gox would have.

dogecoin's the flavor of the month type, stuff like that only last til the next fad comes along.

the initial spike came from gox many moons ago.

dogecoin users sold cars and houses for doge.

why?

because no retarded stare contest at the exchanges.

dogecoin means no stress.

no stress means more commerce.

deal with it.

that is one of the most sorry pathetic excuses i have ever heard.. THAT is why Doge Coin is better than LTC or a good coin etc ?
it's a coin on exchanges so it suffers for many of the stress any other coin on an exchange faces.. that is how they ALL work.
Your fanboyism is showing.. you may wanna zip that up son

in close to a year i have watched or talked with Kelsey and he/she is pretty smart at this stuff.
when kelsey speaks i always listen and i have never been let down. We do share a lot of the same views though so i guess am biased
and we can have different opinions that is fine and normal but i have to challenge people if their reasoning seems like nonsense to me.
Like hey, yeah you like and support Doge fine but i'm just saying hey, your reasoning why seems nuts to me lol

A free market is for ALL people even those that choose NOT to support a coin.. it's our right !
And if i exercise my right then i don't want people trying to slander and discredit me because of my views on a crypto coin.. it's not relevant.