In earlywhen I bought my first Bitcoin, the altcoin scene was very different than it is today. Although Bitcoin is the media darling, Litecoin is a better option for the average user wanting to get into crypto-currency mining.
This works in every aspect of finance and society. This author, like many a CoinDeskeris of the mistaken belief that buying a whole shitty thing just because you can afford it is better than buying a part of something far superior.
Incredibly, some people will actually go for the latter. These components are more expensive and present a serious barrier to entry for a Litecoin ASIC that would be economical. With even fewer players developing scrypt ASICs, the hashing power will be ever more centralized. On the consumer side, people are still perfectly content to use their Dollars, Euros, and Pesos.
And why risk keeping something so valuable on your phone just so you can buy a latte? Perhaps not though, as both coin types can be subdivided to eight decimal places. It will be easy to accept Litecoin in a world that also accepts Bitcoin since the technologies are nearly identical. The merchant angle would hold water, if cryptocurrencies were proving to be consumer technologies, which is dubious despite the raft of new merchants accepting it.
Litecoin was never able to demonstrate its superiority. Litecoin lost the marketing as well as the technical battle. Kids with dreams of riches who play daytrader on Cryptsy have moved on to the next shiny thing. Now would be a good time to find an alternative.
Salvage what you can. Antonopoulos was turfed shortly after this conversation. June 17, at There is nothing to support such a valuation for something that should be an useless experiment some other altcoins are interesting experiments but again have no merit for a high valuation. Remember, that was supposed to be a CPU coin, but acnee-ridden teenage gamers quickly forgot about it when they were able to use their GPUs again. I knew of Bitcoin at least inyet yet first acquired bitcoins in if you exclude 0.
Just accept it, risk-taking has to be rewarded. Someone is buying up thousands of BTC worth of Litecoins on the way down. LTC is likely at the whim of this party, and they are ready to pump and dump it all over again along with the next wave new blood Bitcoin brings when it bubbles again.
This has led to a small group of miners controlling a disproportionately large portion of the block rewards, which they are dumping into Bitcoin in a rush to make ROI before the next salvo of hardware launches. By the end ofthe distribution of highschool chart ltc bitcoin 29th 2012 and earn from forex power will have reached a similar equilibrium to what it enjoyed during the time it was dominated by GPUs and by having transitioned to dedicated hardware with hundreds of millions of investment in hardware infrastructure to support it, Litecoin will be a magnitude more interesting as both an investment and as a platform for development than it was, before.
The point was never to be ASIC-proof. By the end ofthe distribution of hashing power will have reached a similar equilibrium to what it enjoyed during the time it was dominated by GPUs. My 2 bitcents is on the distribution of Litecoin hashing power being much more concentrated than it was, say, a year ago.
Litecoin will be a magnitude more interesting as both an investment and as a platform for development than it was, before. As a platform for third party development, a network with hundreds of millions of dollars in dedicated hardware distributed globally demonstrates stability to developers and investors. Not competing for miners does not equal highschool chart ltc bitcoin 29th 2012 and earn from forex competing for market share in other areas, including merchant adoption and third party software development.
This article is nothing but a hit piece by someone who believes nobody needs a choice and everyone should accept only one crypto-currency, because highschool chart ltc bitcoin 29th 2012 and earn from forex do otherwise is to pull capital out of Bitcoin. Charles Lee is disingenuous at best and a scammer at worst. The initial price rise was based purely on highschool chart ltc bitcoin 29th 2012 and earn from forex posting the mtgox litecoin links in the trollbox on btce.
Most, just like I, have no idea of what they are actually involved in scams. I think the guy raises valid points, actually.
The problem is his approach. He could have took an approach of reason. This is what certain data sets are presenting, and this is what I believe will ultimately happen.
Classic example of cheapening your own opinion by virtue of being an asshole. This response on the reddits sorta says it all. Those whose feelings are easily hurt will have a tough time in this world, and doubly so on the internet, where positions are so regularly overstated for impact.
This includes, but is not limited to, crowdfunding, mining hardware sales, altcoins, Bitcoin 2. Some of these cats are more clever than I. However, on this issue they are wrong. Allow me to […].
Sorry for your loss. I swore off alts after Litecoin. Fool me once… […]. And no one is surprised […]. But maybe he bought in early ? In which case good for him. Your email address will not be published. You may use these HTML tags and attributes: So what other reasons are there to choose Litecoin?
And allow me to suggest Bitcoin. See The Willy Report. Updated December 16, because last chart went rogue. She worked as a waitress at the highschool chart ltc bitcoin 29th 2012 and earn from forex, was making good coin, and wanted to buy a new car.
Let this be a lesson. There are weaknesses in any system. We manage these risks… bitcoinpete: June 17, at 2: July 26, at 4: July 27, at 9: June 17, at 1: June 17, at 5: June 17, at 3: June 17, at 4: June 18, at 5: June 18, at 4: June 17, at 6: June 18, at 8: When Bitcoin Met Pete says: June 21, at June 29, at 2: July 1, at July 23, at 9: A blog by Pete Dushenski says: August 10, at The Bitcoin Dumping Charade Contravex: August 14, at October 1, at 2: Why you need them Free your Frass says: April 7, at Vox populi, vox dei, no more.
August 19, at December 16, at 1: July 15, at The Ethereum market cap fallacy. June 2, at The Bitcoin Crash fork failure chronology. August 5, at 9: November 29, at 6: December 11, at 7: December 11, at 4: December 12, at 1:
How Money Got Free: Bitcoin the Fight for the Future of Finance In the midst of the cartoonish spectacle earlier a woman wielding an oversized mace had ridden in on a stegosaurus to battle two heavily armored robots they had business to discuss. Stop- Loss: 0. I think the benefits of openness versus closure and opacity is the most consistent thing that Iвve heard during this interview.