Quote from: Willisius on December 29, 2014, 04:37:32 AM

Quote from: swansong on December 25, 2014, 12:06:49 PM

Quote from: barbierir on December 25, 2014, 09:22:25 AM

Maybe it's a stupid idea and too early to consider, but if Ltc should continue to decline and it arrives to a point without hope of recovery, it could be possible to breath new life into it by migrating the whole coin over the Nxt's Monetary System. Please read: https://bitcointalk.org/index.php?topic=896520.0

The coin could be "imported" over the MS, with the current balances of its users, this way:
1. A future block is agreed upon to serve as point of reference
2. A trusted member uses the MS to create a coin named Litecoin with a number of currency units equal to those existing at the time of the reference block
3. A website is setup where Litecoin users can register a token proving ownership of a Litecoin address and their Nxt address
4. Users receive a number of new Litecoin equal to those in their balance at the time of the reference block

Or this could be done setting up a burning address, and you receive an amount equal to those burned.

The advantages are mainly a way to revive a dying coin and the fact that if the hashrate drops the coin is still secured by Nxt network.

a dying litecoin, yet it has 20x more daily volume than NXT. you are a genius Kiss

btw i bought my first millions of nxt when it was <$0.001.

litecoin is not dying. but you would not understand because your brain is pretty much dead already.

I would say that LTC and NXT are probably dying. They both have no real value. LTC is secured by nothing different then what bitcoin is secured by now that scrypt ASICs have been created for scrypt. NXT uses PoS which essentially makes it free to attack the network which will leave any investor of NXT vulnerable

ltc is secured by nothing? you mean all the massive hashrate coming from the sky? ohh ok.. and dogecoin did not start merge mining with litecoin... mmkay.

they both have no real value? same said to bitcoin.