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Please, someone, get this trash off of the front page. Not only is this entire article completely content-less, but the number of fallacies in it is palpable.
by cheesylard 13y ago
Please, someone, get this trash off of the front page. Not only is this entire article completely content-less, but the number of fallacies in it is palpable.
I wasn't going to waste my time on this, but after skimming for 20 seconds I came to this:
> In many ways, Litecoin is looking like a better investment. For Litecoin it is still early days because the infrastructure is not quite there. However, it looks to be a more promising currency from the technical standpoint, e.g., allowing faster transactions and a longer time until the end of the mining cycle.
Faster confirmations DON'T MEAN SHIT. Just because it takes 2.5 minutes for a Litecoin confirmation doesn't mean it is any better. Yeah, a Litecoin confirmation is 4x faster than a Bitcoin confirmation, but all that means is that a Litecoin confirmation is 1/4 as secure as a Bitcoin confirmation. Which is actually worse, when you think about it because the blockchain is more bloated.
>Its current market capitalization is $215 million, giving a factor of 45 potential growth to simply catch up with Bitcoin.
Are you fucking serious?
- paulgramma 13y agoI made a killing on Bitcoin and I'm going to fuck your wife, then buy her some Louboutins.
- jafaku 13y agoJust to clarify, the transactions are actually instant in Bitcoin. What takes ~10min are the confirmations, which like you said, take time for a reason: security. Litecoin adds nothing to the table.