Post
Topic
Board Economics
Re: Inflation and Deflation of Price and Money Supply
by
jrussou
on 01/04/2013, 19:46:05 UTC
Thanks everyone!!!! ... I didn't realize that other chains of Bitcoin were already starting to have success until I joined this discussion and saw there were so many other cryptos already.  Then I researched it and found Litecoin in the nick of time ... it doubled last night into this morning!!! Yaayyyyy

Wow, if you haven't tried it yet, BTC-e.com is a sweet site for trading BTC and LTC (litecoin).  It's a great hedge on BTC drops.  Whenever there is a selloff on mtgox BTC/USD ... you actually have time to react and sell any LTC you've accumulated for BTC.  Then, you just buy back some LTC when ever things settle back to normal.  Sometimes when BTC surges, then you can get a good deal on LTC to do it all again.   I'm just dabbling, but I earned 11 BTC trading like this last week.




"The only tweak I'd love to see would be a massive increase in block generation rate. I want lower difficulty, more blocks (like one ever 30 seconds or per min), the linking of transaction fees to both 'size of tx' and 'difficulty' along with an proportional decrease in the block reward. IMO this has to happen soon and really should be the focus of the devs (or at the very least the foundation) for the simple fact that if we can't service potential transactions we're placing a very real barrier to adoption. I'd love to see 10 confirmations take only 5 mins - lets really focus on exploiting the tech available instead of just saying "it's already way faster than a wire transfer' - because what we really need is for a vendor to be able to take a payment a point of sale - wait 30 seconds and know that it's paid."

I agree completely...

Have you looked at Litecoin yet?