Silk Road forums
Discussion => Silk Road discussion => Topic started by: LebronJames on March 12, 2013, 05:45 pm
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Would silk road ever consider using lite coins (bitcoins little brother) along side bitcoins?
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I would love to accept LTC. ;D
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While we're at it, can someone give me a dumbed down explanation of the difference between BTC and Litecoins? I suppose it's always good to have a plan b but doesn't it just work on the same technology as BTC? So if BTC were hacked then Litecoins would also be compromised?
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While we're at it, can someone give me a dumbed down explanation of the difference between BTC and Litecoins? I suppose it's always good to have a plan b but doesn't it just work on the same technology as BTC? So if BTC were hacked then Litecoins would also be compromised?
If BTC were "hacked" (I assume you mean the algorithm cracked in order to speed up the solving even more, and to make even ASIC's useless), then LTC would not suffer from this as it uses a different algorithm. For the other differences, I am not up to date with that, but Google can probably help you out.
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litecoin is fucking stupid, if youv been watching btc-e for the past day and lurking bitcoin talk youll see people are using it to gain a foot on bitcoin. You should be ashamed honestly, I have these californian dollars can I buy a stamp? The answer is no just no. Name one place that is decent and use's them you cant say second life cause none of us are furfags
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litecoin is fucking stupid, if youv been watching btc-e for the past day and lurking bitcoin talk youll see people are using it to gain a foot on bitcoin. You should be ashamed honestly, I have these californian dollars can I buy a stamp? The answer is no just no. Name one place that is decent and use's them you cant say second life cause none of us are furfags
I think MasterBlaster is a Furry furfag.
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If LTCs become popular currency they will slightly devalue BTCs but at the same time stabilize them because the 2 currencies are immediately interchangable
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Thanks for this post. I have two questions: 1) where is a good place to start with Litecoins?and 2) what' a furfag?
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Litecoins goes from 7 cents to almost $6 to $1.50 to $3 in a little over a month.
People are trying to pump up litecoins so they can cash out and profit hundreds of bitcoins to use on silkroad.
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While we're at it, can someone give me a dumbed down explanation of the difference between BTC and Litecoins? I suppose it's always good to have a plan b but doesn't it just work on the same technology as BTC? So if BTC were hacked then Litecoins would also be compromised?
If I understand it well enough, the biggest difference is that Litecoins can be efficiently mined using a typical personal computer, whereas mining for BTC really requires using a multi-grand mining rig at this point. The "difficulty" of mining LTC is much lower. So the idea is that the computational backbone of the two currencies will be different, with the LTC propped up by a large base of PC's and gaming machines, and the BTC supported by a much smaller number of miners running heavy duty processing capability rigs.
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The TLDR version of the litecoin vs bitcoin differences:
1) There will be 3-4x the amount of LTC as BTC (dont feel like looking up the actual number)
2) LTC uses an algorithm for the mining that makes thing like FGPA and ASIC mining not feasible--hence "everyone" will have access to LTC until it has all been mined.
3) LTC takes more confirmations, but is supposed to be faster getting those.
People shy away of the Silver vs. Gold argument, but its pretty relevant.
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Litecoins are predicted to double! To learn about Litecoins and other cryptocurrencies watch the chat one Btc-e.com
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Yeah I'm pretty bullish on litecoins too, especially longterm.
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Litecoins are predicted to double! To learn about Litecoins and other cryptocurrencies watch the chat one Btc-e.com
There are reasons it is called The Troll Box
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If this link is real and I think it is MtGox will start trading Litecoin on Wednesday (Warning Cleanet Link)
https://sphotos-b.xx.fbcdn.net/hphotos-ash3/524630_161394767353371_866876570_n.jpg
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Will e interesting to see if LTC is accepted on here anytime soon, I would say no but who knows?
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Will e interesting to see if LTC is accepted on here anytime soon, I would say no but who knows?
I would say in the near-term SR has their hands full accommodating the huge amount of web traffic, keeping the site stable, and, most importantly, staying anonymous while cashing out the bejezus load of BTC they are earning (deservedly, of course)
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The link I posted was a prank. I did not know it. Re there are reasons it's called the trollbox! Careful on there btw! I was in the chat when someone posted something from my browsing history - a site I had not been to that day but definitely pertained to me.
What I want to know is why we would need a 3rd or 4th cryptocurrency?
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Any tip that i know where we can buy them with RL currency?
Maybe even in europe?