Quote from: thebenjamincode on August 06, 2015, 06:10:07 AM

One factor that makes litecoin lower in value compared to bitcoin is that there are only a total of 21 million bitcoins available while litecoin can reach up to 84 million based on its mining algorithms. With this, some analysts believe that litecoin can offer a psychological advantage to bitcoin, as consumers often prefer to have transactions in whole units instead of fractions. Litecoin also enjoys a faster speed of transaction compared to bitcoin, as the former takes only 2.5 minutes while the latter needs 9 minutes. But at the end of the day Bitcoin is much better than Litecoin since the number of crowd who use Bitcoin is greater. And cryptocurrencies live only because of the population who used it, if the population drops the currency will drop. But with Bitcoin as the founder of all the currencies, the integrity and stability is much stronger than litecoin. It earn the trust of lots people and it will surely live longer. It can still be a future currency of the world, and many believe of that.

http://www.newsbtc.com/2015/04/21/bitcoin-or-litecoin/

Quote from: thebenjamincode on August 06, 2015, 05:18:17 AM

That's a very good question. But this depends a lot on how you handle your wallet. If you are careful about it and make sure you have an off-site backup of your wallet (or use a deterministic or paper wallet, etc) then you can easily pass your wallet and all the coins it contains to anyone you choose in the same ways that you can pass on other property. Of course if you're the only person with access to the wallet and have not planned anything then yes, your bitcoins will be "lost in the network."

http://bitcoin.stackexchange.com/questions/3359/what-happens-to-my-bitcoins-when-i-die

Quote from: thebenjamincode on August 06, 2015, 05:18:17 AM

That's a very good question. But this depends a lot on how you handle your wallet. If you are careful about it and make sure you have an off-site backup of your wallet (or use a deterministic or paper wallet, etc) then you can easily pass your wallet and all the coins it contains to anyone you choose in the same ways that you can pass on other property. Of course if you're the only person with access to the wallet and have not planned anything then yes, your bitcoins will be "lost in the network."

http://thecoinfront.com/no-bitcoin-wont-bring-about-world-peace/

Quote from: thebenjamincode on August 06, 2015, 12:18:47 AM

A day ago I was thinking if bitcoin is a currency or a technology since it's a tech stock. Now, for the uninitiated, Bitcoin is supposed to be the online currency that will free us from state-backed ones. It's a cryptographically-sophisticated virtual currency you can use to buy real things over peer-to-peer networks without leaving a trace in the real world. The idea is to create money that central banks can't debase and governments can't tax. In other words, digital gold. Actually, make that anonymous digital gold.

http://www.theatlantic.com/business/archive/2013/04/bitcoin-is-no-longer-a-currency/274859/

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