Quote from: Gator-hex on March 31, 2013, 04:02:33 PM

LiteCoin is Bitcoin 2.0 fixed!

They fixed the 51% security bug,
they fixed the transaction speed,
they fixed the problem of dedicated hardware having an unfair mining advantage.

omfg. [insert "not-sure-if-trolling-or-just-stupid" pic]

1) The "51%" attack can NEVER be fixed using the "bitcoin model" (which litecoin use).
2) Litecoin just changed the algorithm to generate blocks ever 2.5 minutes, instead of every 10 minutes. Blocks every 2.5 min has a lot of negative sides (why do you think Satoshi choose 10 minutes? "just for fun"? Roll Eyes

). Also one litecoin confirm is much weaker than one bitcoin confirm. You are comparing apples and bananas...
3) They introduced a huge vulnerability for a botnet to attack the network (e.g. 51%-'botnet'-attack is much, much, MUCH easier on litecoin than on bitcoin).