Can Litecoin hold the #2 spot? Doubtful..and here are the coins who will benefit

[devphp]

Dogecoin hashrate goes above 1 TH/s for the first time, wow! That's more than Litecoin.

Ummmm.....I hate to say it but every hash amount on the Dogecoin network automatically goes to the Litecoin network as well now. Therefore it can never be more than Litecoin.


Not to say anything bad about Dogecoin, but just pointing out your incorrectness.



EDIT: Well on second thought I could be wrong, but VERY highly unlikely (those who refused to switch to AUXPoW, I need to do some research).

Hashrates fluctuates, it went above Litecoin's a few times. But they both are essentially about the same now, a few GH/s doesn't make much difference now.

[TheMage]

Dogecoin hashrate goes above 1 TH/s for the first time, wow! That's more than Litecoin.

Ummmm.....I hate to say it but every hash amount on the Dogecoin network automatically goes to the Litecoin network as well now. Therefore it can never be more than Litecoin.


Not to say anything bad about Dogecoin, but just pointing out your incorrectness.



EDIT: Well on second thought I could be wrong, but VERY highly unlikely (those who refused to switch to AUXPoW, I need to do some research).

Hashrates fluctuates, it went above Litecoin's a few times. But they both are essentially about the same now, a few GH/s doesn't make much difference now.

Ehhh, something is funny about your pic. Dogecoin network hasnt reached nearly that close.

[FNG]

LTC coming to coinbase...so yes

http://www.reddit.com/r/Bitcoin/comments/2h9bws/coinbases_toshi_node_now_supports_litecoin/ckqlte4

[devphp]

Ehhh, something is funny about your pic. Dogecoin network hasnt reached nearly that close.

Your graph provides an average over a few hours, I posted a screenshot of a few minute spike.

https://chain.so/doge  is the website. Right now LTC hashrate is higher.

[TheMage]

Ehhh, something is funny about your pic. Dogecoin network hasnt reached nearly that close.

Your graph provides an average over a few hours, I posted a screenshot of a few minute spike.

https://chain.so/doge  is the website. Right now LTC hashrate is higher.

I think their calculations may be off, I would be curious to know what algo they are using. Dont get me wrong, I like Dogecoin (hell, over the last few weeks ive done a lot for Dogecoin, go ask the core devs about me), but I would find it hard to believe that the hashrate would go above LTC.

[othe]

Ehhh, something is funny about your pic. Dogecoin network hasnt reached nearly that close.

Your graph provides an average over a few hours, I posted a screenshot of a few minute spike.

https://chain.so/doge  is the website. Right now LTC hashrate is higher.

I think their calculations may be off, I would be curious to know what algo they are using. Dont get me wrong, I like Dogecoin (hell, over the last few weeks ive done a lot for Dogecoin, go ask the core devs about me), but I would find it hard to believe that the hashrate would go above LTC.

A spike in hashrate can be easily caused by simple luck, if blocks are found in short time or someone witheld his found blocks and unleashed them to the network within a short timeframe the dogecoin daemon hashrate calculation is simply off; its just an estimated on the time needed for the last blocks at current difficulty, theres no way to know the exact hashrate for a coin totally accurate.

[TheMage]

Ehhh, something is funny about your pic. Dogecoin network hasnt reached nearly that close.

Your graph provides an average over a few hours, I posted a screenshot of a few minute spike.

https://chain.so/doge  is the website. Right now LTC hashrate is higher.

I think their calculations may be off, I would be curious to know what algo they are using. Dont get me wrong, I like Dogecoin (hell, over the last few weeks ive done a lot for Dogecoin, go ask the core devs about me), but I would find it hard to believe that the hashrate would go above LTC.

A spike in hashrate can be easily caused by simple luck, if blocks are found in short time or someone witheld his found blocks and unleashed them to the network within a short timeframe the dogecoin daemon hashrate calculation is simply off; its just an estimated on the time needed for the last blocks at current difficulty, theres no way to know the exact hashrate for a coin totally accurate.

Yes I agree (and know this). When I had my pool a few months back we did some research on how to calculate hashrate. The only good way to do it is based on submitted shares (which is an approximation). However that 1TH measurement is quite a bit off, so man....they would have to be REALLY lucky lol.

[Djentriser]

https://www.cryptocoinsnews.com/paypal-supporting-litecoin-and-dogecoin-gocoin-ceo-confirms/     

[Come-In-Behind]

https://www.cryptocoinsnews.com/paypal-supporting-litecoin-and-dogecoin-gocoin-ceo-confirms/     

I swear, these companies have no clue about cryptocurrencies. Dogecoin's price will always go down because of it's endless inflation. Litecoin's price will always go down because of it's lack of any useful features.

Paypal needs to recruit a member from Bitcointalk, to give them advice on which cryptocurrencies to accept, cause theyre not doing a good job as it is.

[TheMage]

https://www.cryptocoinsnews.com/paypal-supporting-litecoin-and-dogecoin-gocoin-ceo-confirms/     

I swear, these companies have no clue about cryptocurrencies. Dogecoin's price will always go down because of it's endless inflation. Litecoin's price will always go down because of it's lack of any useful features.

Paypal needs to recruit a member from Bitcointalk, to give them advice on which cryptocurrencies to accept, cause theyre not doing a good job as it is.

Right......and such an esteemed armchair economist such as yourself with your sock puppet account afraid to post on your real one would be perfect amiright? 

[devphp]

I swear, these companies have no clue about cryptocurrencies.

I swear you're talking with your behind now.

[Swordsoffreedom]

Hmm I haven't been keeping track for a while but did Ripple pass Litecoin recently
Or is it just close
2    Litecoin Litecoin    $ 146,328,535    $ 4.53    32,334,296 LTC    $ 2,811,260    -3.33 %    
3    Ripple Ripple    $ 139,012,161    $ 0.004795    28,989,252,282 XRP *    $ 536,256    5.36 %

[TheMage]

Hmm I haven't been keeping track for a while but did Ripple pass Litecoin recently
Or is it just close
2    Litecoin Litecoin    $ 146,328,535    $ 4.53    32,334,296 LTC    $ 2,811,260    -3.33 %    
3    Ripple Ripple    $ 139,012,161    $ 0.004795    28,989,252,282 XRP *    $ 536,256    5.36 %

It did a few weeks ago for a total of ten minutes from what I remember. Ripple was being threatened by another coin to keep their spot (NXT maybe? I cant remember) so they decided to print off more money (yes, literally create more ripple) and add it to the supply. Ergo since Coinmarketcap is a poor indicator of how to measure POS coins it just does a simple supply X value and it shows an inflated value.

[TheMage]

Hmm I haven't been keeping track for a while but did Ripple pass Litecoin recently
Or is it just close
2    Litecoin Litecoin    $ 146,328,535    $ 4.53    32,334,296 LTC    $ 2,811,260    -3.33 %    
3    Ripple Ripple    $ 139,012,161    $ 0.004795    28,989,252,282 XRP *    $ 536,256    5.36 %

It did a few weeks ago for a total of ten minutes from what I remember. Ripple was being threatened by another coin to keep their spot (NXT maybe? I cant remember) so they decided to print off more money (yes, literally create more ripple) and add it to the supply. Ergo since Coinmarketcap is a poor indicator of how to measure POS coins it just does a simple supply X value and it shows an inflated value.

yep, it was btsx, it showed how these tokens markecap are totally centralized and untrustworthy.

Ok, thanks for the correction.

[CoinHoarder]

Hmm I haven't been keeping track for a while but did Ripple pass Litecoin recently
Or is it just close
2    Litecoin Litecoin    $ 146,328,535    $ 4.53    32,334,296 LTC    $ 2,811,260    -3.33 %    
3    Ripple Ripple    $ 139,012,161    $ 0.004795    28,989,252,282 XRP *    $ 536,256    5.36 %

It did a few weeks ago for a total of ten minutes from what I remember. Ripple was being threatened by another coin to keep their spot (NXT maybe? I cant remember) so they decided to print off more money (yes, literally create more ripple) and add it to the supply. Ergo since Coinmarketcap is a poor indicator of how to measure POS coins it just does a simple supply X value and it shows an inflated value.

yep, it was btsx, it showed how these tokens markecap are totally centralized and untrustworthy.

Lol I love the blind hate for anything that's not PoW (@Nekomata), but all three of you have it wrong.

BTSX passed Ripple and the Ripple leap frogged BTSX shortly thereafter on coinmarketcap yes, but Ripple didn't print any new XRP. It has to do with how Coinmarketcap calculates the market cap for Ripple. It only includes in the calculation the amount of XRP that is not owned by Ripple Labs. There has always been 100 Billion XRP and that number hasn't ever changed, but currently Coinmarketcap only uses about 30 billion for its market cap calculation.. in other words the amount NOT currently held by Ripple Labs. In actuality with all XRP added into the market cap calculation, Ripple has a market cap of $479,800,000 making it the 2nd most valuable cryptocurrency in regards to total market cap, and Litecoin the 3rd.

Find out more here: https://www.ripplelabs.com/xrp-distribution/

You will notice under the amount not held by Ripple Labs it states: Total includes business development agreements that are still pending.

This is what I believe happened... it was convenient timing to make a business deal seeing as though it happened maybe 24 hours or so after BTSX passed them up on Coinmarketcap. Conspiracy? Maybe, maybe not, but due to the recent news about Ripple and its partnerships with banks I guess those Ripples are for probably for that.

[TheMage]

Hmm I haven't been keeping track for a while but did Ripple pass Litecoin recently
Or is it just close
2    Litecoin Litecoin    $ 146,328,535    $ 4.53    32,334,296 LTC    $ 2,811,260    -3.33 %    
3    Ripple Ripple    $ 139,012,161    $ 0.004795    28,989,252,282 XRP *    $ 536,256    5.36 %

It did a few weeks ago for a total of ten minutes from what I remember. Ripple was being threatened by another coin to keep their spot (NXT maybe? I cant remember) so they decided to print off more money (yes, literally create more ripple) and add it to the supply. Ergo since Coinmarketcap is a poor indicator of how to measure POS coins it just does a simple supply X value and it shows an inflated value.

yep, it was btsx, it showed how these tokens markecap are totally centralized and untrustworthy.

Lol I love the blind hate for anything that's not PoW (@Nekomata), but all three of you have it wrong.

BTSX passed Ripple and the Ripple leap frogged BTSX shortly thereafter on coinmarketcap yes, but Ripple didn't print any new XRP. It has to do with how Coinmarketcap calculates the market cap for Ripple. It only includes in the calculation the amount of XRP that is not owned by Ripple Labs. There has always been 100 Billion XRP and that number hasn't ever changed, but currently Coinmarketcap only uses about 30 billion for its market cap calculation.. in other words the amount NOT currently held by Ripple Labs. In actuality with all XRP added into the market cap calculation, Ripple has a market cap of $479,800,000 making it the 2nd most valuable cryptocurrency in regards to total market cap, and Litecoin the 3rd.

Find out more here: https://www.ripplelabs.com/xrp-distribution/

You will notice under the amount not held by Ripple Labs it states: Total includes business development agreements that are still pending.

This is what I believe happened... it was convenient timing to make a business deal seeing as though it happened maybe 24 hours or so after BTSX passed them up on Coinmarketcap. Conspiracy? Maybe, maybe not, but due to the recent news about Ripple and its partnerships with banks I guess those Ripples are for probably for that.

What you are stating is no different from printing off more coins. I can use the same analogy with the FED's quantitative easing tactic saying that they "released" more money into the system but in reality it still stinks of printing more money. Your statement is just a spin of what happened.

[CoinHoarder]

What you are stating is no different from printing off more coins. I can use the same analogy with the FED's quantitative easing tactic saying that they "released" more money into the system but in reality it still stinks of printing more money. Your statement is just a spin of what happened.

What I stated was a fact, they did not print any new XRP as there has always been 100 Billion. Again, it has to do with how their market cap is calculated on Coinmarketcap. You are lucky that Coinmarketcap handicaps them, as their market cap is actually bigger than Litecoin's market cap and they should be above Litecoin on the list.

Your statement that "it is no different than printing off new coins" is an untrue statement, and more of a "spin off" from reality than what I said, as what I said was fact and what you said is a falsehood. Go look at the genesis block in XRP and tell me I'm wrong. What the Feds do is different, as they print new money that was never in existence. The 100 Billion XRP has always existed since the genesis block and inception of Ripple.

[TheMage]

What you are stating is no different from printing off more coins. I can use the same analogy with the FED's quantitative easing tactic saying that they "released" more money into the system but in reality it still stinks of printing more money. Your statement is just a spin of what happened.

What I stated was a fact, they did not print any new XRP as there has always been 100 Billion. Again, it has to do with how their market cap is calculated on Coinmarketcap. You are lucky that Coinmarketcap handicaps them, as their market cap is actually bigger than Litecoin's market cap and they should be above Litecoin on the list.

Your statement that "it is no different than printing off new coins" is an untrue statement, and more of a "spin off" from reality than what I said, as what I said was fact and what you said is a falsehood. Go look at the genesis block in XRP and tell me I'm wrong. What the Feds do is different, as they print new money that was never in existence. The 100 Billion XRP has always existed since the genesis block and inception of Ripple.

I'm not here to start a pissing contest with you. However you phrase it, "released" or "printed" or "Magical pixel fairy shatted it out", the fact of the matter is that there was all of a sudden coins that were not there before.

[CoinHoarder]

What you are stating is no different from printing off more coins. I can use the same analogy with the FED's quantitative easing tactic saying that they "released" more money into the system but in reality it still stinks of printing more money. Your statement is just a spin of what happened.

What I stated was a fact, they did not print any new XRP as there has always been 100 Billion. Again, it has to do with how their market cap is calculated on Coinmarketcap. You are lucky that Coinmarketcap handicaps them, as their market cap is actually bigger than Litecoin's market cap and they should be above Litecoin on the list.

Your statement that "it is no different than printing off new coins" is an untrue statement, and more of a "spin off" from reality than what I said, as what I said was fact and what you said is a falsehood. Go look at the genesis block in XRP and tell me I'm wrong. What the Feds do is different, as they print new money that was never in existence. The 100 Billion XRP has always existed since the genesis block and inception of Ripple.

I'm not here to start a pissing contest with you. However you phrase it, "released" or "printed" or "Magical pixel fairy shatted it out", the fact of the matter is that there was all of a sudden coins that were not there before.

This is not a pissing match, as you are wrong and it is a fact that there has always been 100 Billion XRPs since Ripple was created. They didn't print any coins recently like you state they did, the bolded statement is a lie. For the last time, it has to do with how their market cap is calculated on Coinmarketcap.

It is not my fault you don't know what you're talking about, this isn't a pissing match. Here is an article from 2013 when Ripple first came out saying there are 100 Billion. Notice how many Coinmarketcap has on their website compared to the actual number there is. Your hate for ripple is getting in the way of common sense. I don't particularly like Ripple either but these are facts.

Everybody using a Ripple account will have some Ripples in their account, just to get them on the system, and there will always be people making a market, converting Ripples to real currency and back again. The good news, however, is that Ripples are not (fingers crossed) going to become speculative investment vehicles, in the way that bitcoins are. That’s because all the Ripples in existence — 100 billion of them — have already been created, and, to a first approximation, they’re all owned by OpenCoin, which is essentially the central bank of the Ripple economy. OpenCoin is going to be giving away billions of Ripples for free, to anybody opening an account, just to get the system seeded and get people transacting with each other. There’s little reason to hoard a few thousand Ripples if there are 100 billion of them just waiting to flood the market at any time.

https://www.ripplelabs.com/xrp-distribution/
http://blogs.reuters.com/felix-salmon/2013/04/11/the-promise-of-ripple/

[TheMage]

What you are stating is no different from printing off more coins. I can use the same analogy with the FED's quantitative easing tactic saying that they "released" more money into the system but in reality it still stinks of printing more money. Your statement is just a spin of what happened.

What I stated was a fact, they did not print any new XRP as there has always been 100 Billion. Again, it has to do with how their market cap is calculated on Coinmarketcap. You are lucky that Coinmarketcap handicaps them, as their market cap is actually bigger than Litecoin's market cap and they should be above Litecoin on the list.

Your statement that "it is no different than printing off new coins" is an untrue statement, and more of a "spin off" from reality than what I said, as what I said was fact and what you said is a falsehood. Go look at the genesis block in XRP and tell me I'm wrong. What the Feds do is different, as they print new money that was never in existence. The 100 Billion XRP has always existed since the genesis block and inception of Ripple.

I'm not here to start a pissing contest with you. However you phrase it, "released" or "printed" or "Magical pixel fairy shatted it out", the fact of the matter is that there was all of a sudden coins that were not there before.

This is not a pissing match, as you are wrong and it is a fact that there has always been 100 Billion XRPs since Ripple was created. They didn't print any coins recently like you state they did, the bolded statement is a lie. For the last time, it has to do with how their market cap is calculated on Coinmarketcap.

It is not my fault you don't know what you're talking about, this isn't a pissing match. Here is an article from 2013 when Ripple first came out saying there are 100 Billion. Notice how many Coinmarketcap has on their website compared to the actual number there is. Your hate for ripple is getting in the way of common sense. I don't particularly like Ripple either but these are facts.

Everybody using a Ripple account will have some Ripples in their account, just to get them on the system, and there will always be people making a market, converting Ripples to real currency and back again. The good news, however, is that Ripples are not (fingers crossed) going to become speculative investment vehicles, in the way that bitcoins are. That’s because all the Ripples in existence — 100 billion of them — have already been created, and, to a first approximation, they’re all owned by OpenCoin, which is essentially the central bank of the Ripple economy. OpenCoin is going to be giving away billions of Ripples for free, to anybody opening an account, just to get the system seeded and get people transacting with each other. There’s little reason to hoard a few thousand Ripples if there are 100 billion of them just waiting to flood the market at any time.

https://www.ripplelabs.com/xrp-distribution/
http://blogs.reuters.com/felix-salmon/2013/04/11/the-promise-of-ripple/

Here is where you are not getting what I am saying, so maybe ill explain further. I do not dispute there was 100 billion ripple created, what I am saying is that the vast majority was tucked away and some were magically released into the wild. Which created a artificial market cap. Regardless of whatever you call it, those coins were previously not accessible to the public.

It is not my fault you don't know what you're talking about,

This is why I said im not here to get into a pissing match. You are slinging stuff at me when you know I know what im talking about (its just semantics that we are talking about). I'm not smoothie, no need to get into an argument with me like this.