Bitcoin Forum
December 04, 2016, 02:26:11 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 3 »  All
  Print  
Author Topic: Increase litecoin value  (Read 7242 times)
Liberate
Member
**
Offline Offline

Activity: 70


Freedom is Free


View Profile
March 18, 2012, 01:42:10 PM
 #1

Litecoins currently fluctuate between 0.001 and 0.002 bitcoins in value,
is there anyway that would increase?
more/less users?
more/less mines?
more commerce?

Will code for coins, python c#, php(+html, jss, sql) scripts can also pen testing(not a skid) PM me https://bitcointalk.org/index.php?topic=71889.msg813212#msg813212

BTC: 1X8Uwr6vxtuudvxgPv9SqP2c6omWUC3qn
LTC: LaZ8A9YTHbNiFuhRFdCt7KNRuU2XFPXgfA
1480861571
Hero Member
*
Offline Offline

Posts: 1480861571

View Profile Personal Message (Offline)

Ignore
1480861571
Reply with quote  #2

1480861571
Report to moderator
1480861571
Hero Member
*
Offline Offline

Posts: 1480861571

View Profile Personal Message (Offline)

Ignore
1480861571
Reply with quote  #2

1480861571
Report to moderator
1480861571
Hero Member
*
Offline Offline

Posts: 1480861571

View Profile Personal Message (Offline)

Ignore
1480861571
Reply with quote  #2

1480861571
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
cunicula
Hero Member
*****
Offline Offline

Activity: 756


Stack-overflow Guru


View Profile WWW
March 18, 2012, 02:03:37 PM
 #2

Litecoins currently fluctuate between 0.001 and 0.002 bitcoins in value,
is there anyway that would increase?
more/less users?
more/less mines?
more commerce?

Proof-of-stake

▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁
        AltCoinInternalExperts                Get Your Altcoin Promoted On Social Media       
▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔
hamdi
Hero Member
*****
Offline Offline

Activity: 644



View Profile
March 18, 2012, 02:10:02 PM
 #3

too bad it´s not CPU-only anymore.

matthewh3
Legendary
*
Offline Offline

Activity: 1372



View Profile WWW
March 18, 2012, 05:19:24 PM
 #4

Litecoins currently fluctuate between 0.001 and 0.002 bitcoins in value,
is there anyway that would increase?
more/less users?
more/less mines?
more commerce?

More users and more commerce.

Nim
Member
**
Offline Offline

Activity: 67


View Profile
March 19, 2012, 03:45:42 AM
 #5

Go one by one and talk to every merchant that takes bitcoin and ask them to take litecoin as well.
Etlase2
Hero Member
*****
Offline Offline

Activity: 798


View Profile
March 19, 2012, 04:08:39 AM
 #6

how about offering even 1 whit of difference from bitcoin

moocow1452
Sr. Member
****
Offline Offline

Activity: 240

Don't mind me.


View Profile
March 19, 2012, 04:30:44 AM
 #7

Litecoin is sort of like Bitcoin Pennies, so maybe it needs to find a niche where it can be a subdivision of wealth to an extremely small degree.
Fuzzy
Hero Member
*****
Offline Offline

Activity: 560



View Profile
March 19, 2012, 10:48:14 AM
 #8

Litecoin is sort of like Bitcoin Pennies, so maybe it needs to find a niche where it can be a subdivision of wealth to an extremely small degree.

If bitcoin succeeds in becoming "The original crypto-currency", then it will become more of a holding medium than a spendable currency, much like gold. LTC, being that block/transaction confirmations are 4x faster, and there are 4x more coins to go around, I think it will become what people eventually end up using for day to day transactions.
Liberate
Member
**
Offline Offline

Activity: 70


Freedom is Free


View Profile
March 19, 2012, 02:58:10 PM
 #9

PersonallyIi think litecoins do have a bright future.

Will code for coins, python c#, php(+html, jss, sql) scripts can also pen testing(not a skid) PM me https://bitcointalk.org/index.php?topic=71889.msg813212#msg813212

BTC: 1X8Uwr6vxtuudvxgPv9SqP2c6omWUC3qn
LTC: LaZ8A9YTHbNiFuhRFdCt7KNRuU2XFPXgfA
tacotime
Legendary
*
Offline Offline

Activity: 1484



View Profile
March 19, 2012, 05:43:46 PM
 #10

If bitcoin succeeds in becoming "The original crypto-currency", then it will become more of a holding medium than a spendable currency, much like gold. LTC, being that block/transaction confirmations are 4x faster, and there are 4x more coins to go around, I think it will become what people eventually end up using for day to day transactions.

I think the biggest advantage at the moment to litecoin is the faster block halving time, we only have a couple months to before before the reward decrease.  It's a big incentive to invest in the short term.

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
sexystick
Member
**
Offline Offline

Activity: 71


Bitcoin & Litecoin Accepted Here


View Profile
March 19, 2012, 08:26:39 PM
 #11

I think the biggest advantage at the moment to litecoin is the faster block halving time, we only have a couple months to before before the reward decrease.  It's a big incentive to invest in the short term.

That is a big advantage.  Do we have an estimate of the time the reward halves?  Bitcoin's is in December this year, is Litecoin's sooner?

I also think the "Angel" investors, anyone excited about Litecoin, anyone developing projects specific to Litecoin, folks mining Litecoin & anyone actively trading Litecoin should step up and work together to INCREASE the street value of our "Precious". It's currently trading on BTC-e way below any price to make it worth spending much time working on.

I'm not encouraging Price Hiking on the markets, but if people are just hoarding LTC at this low rate instead of buying the 600,000+ Sell coins on BTC-e then Litecoin probably won't make it.  We've made it through the 2 weeks since a working GPU miner was released. It's time to bring the value UP!

Call me crazy, but I see Bitcoin as the trailblazer for a faster and more consumer friendly Litecoin.  IBM trailblazed for Microsoft, Yahoo! trailblazed for Google, MySpace trailblazed for Facebook, Napster trailblazed for Spotify.  Litecoin has great potential as a Future Digital Currency.  Let's INCREASE the street value of this mofo.
Cosbycoin
Full Member
***
Offline Offline

Activity: 140


View Profile
March 19, 2012, 10:40:27 PM
 #12

how about offering even 1 whit of difference from bitcoin

Scrypt.....nuff said.
Cosbycoin
Full Member
***
Offline Offline

Activity: 140


View Profile
March 19, 2012, 10:43:30 PM
 #13

If bitcoin succeeds in becoming "The original crypto-currency", then it will become more of a holding medium than a spendable currency, much like gold. LTC, being that block/transaction confirmations are 4x faster, and there are 4x more coins to go around, I think it will become what people eventually end up using for day to day transactions.

I think the biggest advantage at the moment to litecoin is the faster block halving time, we only have a couple months to before before the reward decrease.  It's a big incentive to invest in the short term.

I thought the first LTC block halving was at block # 840,000?

the joint
Legendary
*
Offline Offline

Activity: 1792



View Profile
March 19, 2012, 10:54:45 PM
 #14

Litecoin is sort of like Bitcoin Pennies, so maybe it needs to find a niche where it can be a subdivision of wealth to an extremely small degree.

If bitcoin succeeds in becoming "The original crypto-currency", then it will become more of a holding medium than a spendable currency, much like gold. LTC, being that block/transaction confirmations are 4x faster, and there are 4x more coins to go around, I think it will become what people eventually end up using for day to day transactions.

+1

I think that if a secondary currency (e.g. Litecoin) is to compliment a primary currency (e.g. bitcoin), it is better if they are fundamentally similar with only a few individually marked distinctions.  Litecoin's are:

-Scrypt
-Faster confirmations
-More coins

Each of these offers multiple benefits that Bitcoin does not.  Other than these distinctions, Litecoin and Bitcoin are basically the same.  If the fundamentals of a primary currency make it as great as it is, then it seems to follow that a secondary currency should use the same fundamentals to also make itself great.

Nim
Member
**
Offline Offline

Activity: 67


View Profile
March 19, 2012, 11:38:03 PM
 #15

I'm imagining that vendors would take bitcoin and litecoin rather than one or the other. The important question is:  What would be the reasons (for the merchant or for the customer to use either one of them) to choose one over the other when it comes time to make a purchase?

Perhaps transactions below a certain value would be done with the lower value litecoins. Bitcoin may be reserved for higher value transactions. Maybe the fees might start to differentiate them. One might do fees based on number of transactions (set fee per txn) and one might do fees based on a percentage of the amount transacted. We have to start thinking about fees now and rather than a one size fits all that isn't good for every situation, we may find that the market would prefer two different strategies and make transactions based on which is the best for the job. Maybe litecoin could be used for quick confirmations of bitcoin transactions. Kind of like using another crypto currency as a transaction processor. It could maybe be used to add more utility to bitcoin without being forced to change bitcoin's protocol.

A slightly different topic and one that I've mentioned multiple times is that I would love to see litecoin become the wild, bleeding edge coin, and bitcoin stay as a staidly, reliable, rarely changing coin. I think it would be interesting to see more experiments and more untested ideas.

Maybe we can even steal the word "bitecoin" from the few who have used it. If a vendor accepts bitecoin, that means they accept bitcoin AND litecoin. Wink
Fuzzy
Hero Member
*****
Offline Offline

Activity: 560



View Profile
March 20, 2012, 12:50:25 AM
 #16

Perhaps transactions below a certain value would be done with the lower value litecoins. Bitcoin may be reserved for higher value transactions.

There may come a day when bitcoins breach the $100 mark, and then something like a BigMac will cost B 0.05, which is kind of awkward. I'm sure there'll be a decimal shift or something to compensate, but I also think LTC will become the Silver to Bitoins Gold.
moocow1452
Sr. Member
****
Offline Offline

Activity: 240

Don't mind me.


View Profile
March 20, 2012, 01:50:17 AM
 #17

Perhaps transactions below a certain value would be done with the lower value litecoins. Bitcoin may be reserved for higher value transactions.

There may come a day when bitcoins breach the $100 mark, and then something like a BigMac will cost B 0.05, which is kind of awkward. I'm sure there'll be a decimal shift or something to compensate, but I also think LTC will become the Silver to Bitoins Gold.

Uh, for sure? Last time Bitcoin was a third of that, it collapsed under it's own weight and has been eking around the $2-5 mark. $100 seems lofty at best, but what do I know?

Gonna play Devil here and bring up if Bitcoin is decided to subdivide it's wealth among more coins where .01 BTC is the new "Bitcoin" denomination when it reaches a ludicrous amount, Litecoin is up a creek if it wants to be tender as opposed to the speculation currency, especially if something like Gox bucks becomes the new form of tender. What to do if that happens?
kjlimo
Legendary
*
Offline Offline

Activity: 1498


View Profile WWW
March 20, 2012, 08:33:56 AM
 #18

Has anyone in this thread actually approached a business to get them to accept a cryptocurrency?

Business owners don't care about the differences amongst the chains.  They barely understand bitcoin.

I hope that you continue to differentiate with all of these alt chains and their advantages, but they won't be seen for many years unless businesses actually start accepting the coins.

Right now it seems like you're waiting for bitcoin to do all of the leg work in establishing the market and then swoop in with a better coin.

We'll see what happens, but for now I'm back to getting businesses to accept bitcoin.

I suggest you all do the same (whether it's litecoin or bitcoin) to get businesses (brick & mortar & websites) to start accepting bitcoin.

Next time you're in a store, ask if they accept bitcoin or litecoin.  See if they react.  If there's a manager near by, then that comment may be well received.

The biggest reason businesses aren't accepting bitcoin or litecoin right now is that their customers aren't asking for it to be accepted.  Let's all work to change that!

CampBX for buying BTCs, Coinbase for selling BTCs or Vircurex or Cryptsy for trading alternate cryptocurrencies like DOGEs

PM me with any questions on these sites!  Happy to help!

Bitcoin Poker at Seals                  Strike Sapphire Casino  Free games every hour & day!
  Get Free Bitcoins here.

Spondoolies-Tech or KnC Miner for the fastest mining hardware available!

Bitpay to help your business accept bitcoin payments!
CoinHunter
Sr. Member
****
Offline Offline

Activity: 252



View Profile
March 20, 2012, 11:43:13 AM
 #19

Might want to mention how the founder scammed people by GPU mining whilst telling everyone it was a CPU only coin. Just so they are on a level playing field as everyone else.

Try SolidCoin or talk with other SolidCoin supporters here SolidCoin Forums
El Cabron
Gnomo
VIP
Legendary
*
Offline Offline

Activity: 840



View Profile
March 20, 2012, 11:52:35 AM
 #20

Might want to mention how the founder scammed people by GPU mining whilst telling everyone it was a CPU only coin. Just so they are on a level playing field as everyone else.


Every time you make a joke I crack up! Keep it up mate, you always make my day.


I hold 20,000 LTC   Wish I had more really

Sorry El Cabron, you are banned from posting or sending personal messages on this forum.
Trolling
https://bitcointalk.org/index.php?topic=622250.msg7030081#msg7030081
Pages: [1] 2 3 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!