Ninjastic
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Board Altcoin Discussion
Re: User Luke-Jr claims Litecoin is a "quick pump and dump scheme" on Wikipedia
by
El Cabron
on 01/05/2013, 08:36:01 UTC
Quote from: Brunic on May 01, 2013, 02:49:26 AM
Quote from: theymos on May 01, 2013, 02:11:50 AM
Quote from: Tittiez on April 30, 2013, 01:31:21 PM
Luke is right. The only reason people buy it is to make a profit off how volatile it is. Don't kid yourself in thinking it is as good as bitcoin. Think in terms of all of the COD clones, did they ever actually succeed in being the new popular game? No, because they brought nothing substantially new to the table. COD always won over the market, just like bitcoin does and will.

Agreed. I encourage people to mine LTC if it's profitable for them to do so, but it's sad that some people are actually investing in Litecoin. Litecoin and other near-exact Bitcoin clones have no chance of going anywhere, and it's a tragedy that people are spending time on them rather than Bitcoin or an altcoin that actually improves significantly on Bitcoin. There are so many interesting things that an altcoin could do, but people waste time on these tiny Bitcoin modifications...

They are simply different versions of the same concept of crypto-currency. Neither coin is "better", they are simply experiment with a different approach. You can't experiment if you're afraid of trying different things. Who knows what the results may be?

Also, some people have a warped sense of "free market" around here. It seems that free market is only good when you use Bitcoin. When (free) people decides to use Litecoin, now the concept of free market is bad and hurting Bitcoin? I think it's time for regulations to protect Bitcoin I suppose... Roll Eyes

The only people wasting their time around here are those attacking the work of others.

this plus 1 so much.

People who are only BTC and hate all other crypto coins are just BTC fan boy. They are only in it for the name brand, not the ideas behind it.

Luke Jr and Theymos will soon be calling for regulations on what crypto coin can be traded? Will they go to the govt and try to stop Mt. Gox from listing LTC as they have publicly said they would do? Wil they ask the govt to use violence to stop the free market and protect BTC's failing market share?

Man these guys are so but hurt it is not even funny.  

Free market for the win! Cryto coins for the win!

Don't be a hater guys, if you truly understand the ideas behind crypto coins you will not try to attack them.



Edit: I hope this never happens but if BTC breaks or has a hard fork and we all are forced to use LTC I will lol so hard at people like theymos. At least Luke-Jr has held LTCs for almost a year.