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Author Topic: What do you do with a litecoin?  (Read 4644 times)
freeAgent
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August 15, 2012, 08:12:58 PM
 #41

I haven't seen much action around Litecoin as far as real usefulness goes.  In that respect, it seems like a ponzi scheme where new investors pay for the returns of current holders.  There is no asset and there has been no attempt that I've seen, to actually use Litecoin for commerce.  There are a number of businesses that actually transact in Bitcoin.  It therefore has some value outside of its exchange rate.  I will admit, however, that I think a lot of Bitcoin's value is also driven by speculation.  It's not a stable market yet, but it has a lot better positioning than Litecoin.
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August 15, 2012, 08:17:25 PM
 #42

Well.. People don't want them (anymore).

if people don't want them, why are the diff doing up every time there is a diff change?
People definitely do still want them, however people don't want them as much anymore I suppose.

sure they still will, they just don't wont to buy them Wink

it depends on if one sees btc/ltc/etc. as the utlimate solution of e-currency, or just another step toward something like PerfectCoin.
IMHO, litecoin has been remarkably successful compared to other coins that failed, right?   Huh

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finkleshnorts
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August 15, 2012, 09:58:48 PM
 #43

it depends on if one sees btc/ltc/etc. as the utlimate solution of e-currency, or just another step toward something like PerfectCoin.
IMHO, litecoin has been remarkably successful compared to other coins that failed, right?   Huh

Yes, but that's not saying much. Namecoin is more successful in my opinion, depending on how success is measured (not price).

I'm all for competition I suppose, but litecoin is certainly not that. It's a gimmick fork.
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August 15, 2012, 10:12:23 PM
 #44

Yes, but that's not saying much. Namecoin is more successful in my opinion, depending on how success is measured (not price).

I'm all for competition I suppose, but litecoin is certainly not that. It's a gimmick fork.
So far we've seen more than half a dozen alt-chains, which one is not considered gimmick?  none?
finkleshnorts
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August 15, 2012, 10:14:02 PM
 #45

Yes, but that's not saying much. Namecoin is more successful in my opinion, depending on how success is measured (not price).

I'm all for competition I suppose, but litecoin is certainly not that. It's a gimmick fork.
So far we've seen more than half a dozen alt-chains, which one is not considered gimmick?  none?

Namecoin is less of a gimmick than the others. But, yeah pretty much.
AndrewBUD
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August 15, 2012, 10:17:06 PM
 #46

What do you do with a namecoin? I have a few Smiley


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gnpeer
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August 15, 2012, 10:25:21 PM
 #47

What do you do with a namecoin? I have a few Smiley
The same as LTC:)

Mine with your Bitcoins: www.facebook.com/pyramining (always active links)
Exchange all your altcoins on Vircurex (smaller fee from that link)
AndrewBUD
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August 15, 2012, 10:33:09 PM
 #48

so exchange for BTC and be done with them?


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gnpeer
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August 15, 2012, 10:39:06 PM
 #49

so exchange for BTC and be done with them?

Actually I've saved some to buy domains in the future.

Mine with your Bitcoins: www.facebook.com/pyramining (always active links)
Exchange all your altcoins on Vircurex (smaller fee from that link)
AndrewBUD
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August 15, 2012, 10:39:54 PM
 #50

so exchange for BTC and be done with them?

Actually I've saved some to buy domains in the future.


Okay have fun Smiley


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[/tabl
molecular
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September 02, 2012, 10:09:12 AM
 #51

What do you do with a namecoin? I have a few Smiley
The same as LTC:)

Namecoin has some "real use" (buying .bit domains), however slim that use might be, taking the view that any commodity must have (had) a "real use" before being used as money to "bootstrap" the value, namecoin should be more apt to be used as money than bitcoin.

Bitcoin managed to bootstrap it's value some other way (10,000 BTC Pizza?), so I think above view has to be abolished or at least somehow modded.

All the AltCoins are good, they each teach us some thing or other and maybe some other good will come from one at some point. I doubt (at the low level of innovation of the to-date invented OtherCoins) any of them will be a serious competitor to bitcoin. Niche-product? Yes, maybe. Playground? Definitely. Objects of speculation? Yep, but for a very small group of people.

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