Quote from: EskimoBob on December 10, 2012, 10:33:52 AM

Quote from: 420 on December 10, 2012, 03:49:39 AM

Quote from: DiCE1904 on December 10, 2012, 03:44:23 AM

Quote from: subSTRATA on December 09, 2012, 01:10:08 AM

Quote from: bitcool on December 08, 2012, 11:47:37 PM

Quote from: sd on December 08, 2012, 11:15:52 PM

1) LiteCoin doesn't bring anything new, it's just a recompile of BitCoin with one changed variable.

Wrong. I think what you were referring was the block generation rate and total.
The most significant difference is the encryption (as in cryptocurrency) algorithm. It's not a variable, it's part of the foundation on which a cryptocurrency is built.

SHA256 used in Bitcoin, Terracoin and few other cryptocoins is property of USA. If only people know what that really means ...

THIS.

US government can claim intellectual property rights to the bitcoin system?!?!?!??!

In cryptography, SHA-2 is a set of cryptographic hash functions (SHA-224, SHA-256, SHA-384, SHA-512) designed by the National Security Agency (NSA) and published in 2001 by the NIST as a U.S. Federal Information Processing Standard. SHA stands for Secure Hash Algorithm.

Also, as somebody else has mentioned, the US gov't has control over the "export" of this, for example it would be illegal to put it in the hands of iranians or what not.