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Ja¥1337
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?
July 02, 2012, 08:10:10 AM
 #1

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unclescrooge
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July 02, 2012, 08:18:27 AM
 #2

Miner may switch to litecoins to make more money, but I still want to use bitcoin and I don't see the point of switching to another coin Smiley

You don't use a currency so that their issuers make can make more money, you use the currency that is the most valuable and used ("universal").

mccorvic
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July 02, 2012, 11:32:07 AM
 #3

Death to all altcoins.

That is all.

Plus, I thought the original "point" of litecoin was that it was supposed to be only cpu mined. Lulz.

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July 02, 2012, 11:36:24 AM
 #4

Death to all altcoins.

That is all.

Plus, I thought the original "point" of litecoin was that it was supposed to be only cpu mined. Lulz.
I think the point is it is more resistant to GPU mining.

gabbynot
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July 02, 2012, 11:43:31 AM
 #5

It's dropped 20% in price in just a few hours.  No thanks.
aq
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July 02, 2012, 12:10:54 PM
 #6

What's the differance between Litecoin and testnet Bitcoins?

Testnet Bitcoins have more value. LOL
Someone should open an exchange for testnet Bitcoins!
Pieter Wuille
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July 02, 2012, 01:11:21 PM
 #7

Someone should open an exchange for testnet Bitcoins!

If I recall correctly, testnet bitcoins have been traded in the past for 10000 tnBTC / 3 BTC. That was before the reset, though.

aka sipa, core dev team

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mccorvic
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July 02, 2012, 09:22:21 PM
 #8

Also, I have a bunch of penny stocks that are gonna explode! Buy them now so I can dump them..er...I mean...so you can become rich too?

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July 03, 2012, 04:26:46 AM
 #9

Also, I have a bunch of penny stocks that are gonna explode! Buy them now so I can dump them..er...I mean...so you can become rich too?

LOL. Hit the nail on the head. These Litecoin mongs must think we was born yesterday.

Nah that'd be squalid coin. These guys are just more than slightly naive.

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July 04, 2012, 09:30:52 AM
 #10

I get why I should SELL litecoins... why do people BUY them though?!

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Tachikoma
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July 04, 2012, 09:53:10 AM
 #11

I get why I should SELL litecoins... why do people BUY them though?!

All the wrong reasons, speculation.

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LoWang
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July 04, 2012, 11:27:22 PM
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I get why I should SELL litecoins... why do people BUY them though?!

I also don't really get it :-]
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July 04, 2012, 11:38:35 PM
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I get why I should SELL litecoins... why do people BUY them though?!

I also don't really get it :-]

They are hoping to buy them dirt cheap, then sit on their coins, dump when the price goes up (1USD/LTC seems to be the dream.) They don't want buy anything.
Newbies investment.
Most poeple were very sad when they heard about the Bitcoin and realized that those "early adopter" days are gone.
Now they are hoping that it will happen to Litecoin.
That's why they buy them.
tacotime
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July 04, 2012, 11:49:34 PM
 #14

Litecoin is ASIC resistant, not GPU resistant.  Mostly because you need a lot of fast memory and GPUs usually have the fastest.

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Bitcoin Oz
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July 05, 2012, 04:31:51 AM
 #15

I want/prefer to invest my litecoins in companies theres just no vehicle to do that yet.

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July 05, 2012, 10:11:03 AM
 #16

I want/prefer to invest my litecoins in companies theres just no vehicle to do that yet.

I'm willing to set-up a litecoin mining company. Mining litecoin by utility computing can be a sustained model. ASIC is not if not harder, on the other hand. Lack of LTC based exchange indeed presenting as one of the obstacles. A simple P2P exchange might be solved this.

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July 05, 2012, 04:35:36 PM
 #17

I want/prefer to invest my litecoins in companies theres just no vehicle to do that yet.

I'm willing to set-up a litecoin mining company. Mining litecoin by utility computing can be a sustained model. ASIC is not if not harder, on the other hand. Lack of LTC based exchange indeed presenting as one of the obstacles. A simple P2P exchange might be solved this.
A litecoin mining company would be a very good idea.
Koooooj
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July 06, 2012, 07:57:40 AM
 #18

I get why I should SELL litecoins... why do people BUY them though?!

http://en.wikipedia.org/wiki/Greater_fool_theory

I'm just going to leave this here
Brunic
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July 06, 2012, 09:08:09 AM
 #19

I get why I should SELL litecoins... why do people BUY them though?!

It's possible that, with the reward drop and the rarity of Bitcoins that could occur in the next years, the price of Bitcoin goes at high level. Maybe levels too high to be a cheap and easy way to transfer money.

If Bitcoins trades at 75$ in 8 years, Litecoin could effectively become the silver of Bitcoin. Having a second currency that trades at around 1$ could be useful for cheap transactions. Especially since Litecoin is faster.

But, Litecoin is completely dependant on Bitcoin, since it's like Bitcoin but faster and cheaper. Bitcoin is currently fast enough and cheap enough, so Litecoin is not really useful at the moment.

Early Litecoin adopters could be really happy in a couple of years, but it may took a long time until then.
unclescrooge
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July 06, 2012, 09:31:38 AM
 #20

I get why I should SELL litecoins... why do people BUY them though?!

It's possible that, with the reward drop and the rarity of Bitcoins that could occur in the next years, the price of Bitcoin goes at high level. Maybe levels too high to be a cheap and easy way to transfer money.

What the fuck?

What's the difference between buying 1 btc for 10 usd or 1 milliBTC for 10 usd?

Euh... okay

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