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I think Ripple makes BitCoin obsolete. Ripple is immune to DDOS attacks (or government raids) because it's completely decentralized. Also, it doesn't require mining or wasting energy and harming the environment like BitCoin does. It has even lower transaction costs than BitCoin - it doesn't need to "reward" people for handling
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Now this guy's creation (Ripple) sounds like a substantial improvement over BitCoin: http://www.businessweek.com/articles/2013-04-11/introducing-ripple-a-bitcoin-copycat "One reason the value of Bitcoins fell by $100 yesterday, according to reports , is that its largest marketplace, Mt.Gox , was under a denial-of-service attack and couldn’t
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>If litecoin survives long-term it will be an interesting turn since I don't see how it can at this point when it offers no advantage over bitcoin It seems like LiteCoin is fairly stable at 0.02 BTC = 1 LTC: https://btc-e.com/exchange/ltc_btc TerraCoin and PPCoin look interesting, too.
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It looks like a good deal to dump BitCoins and buy up LiteCoins instead. They are only like $3 now. It sounds like all the miners are switching to LiteCoin too. Apparently, LiteCoins have faster confirmation times and a more difficult algorithm. As I said before, BitCoins aren't really scarce. People can create as much cryptocurrency as they want
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Nothing's wrong with mises.org forums. I'm sick of the false rumors!
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How are LiteCoins doing? The price was really going up, recently at least.
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>So what I do is go to one of the largest Private Defense Agencies in the region, tell them I'll pay x dollars to make sure they recognize my 'Intellectual Property' Why not spend $X to create propaganda showing sob stories of struggling IP creators and telling people they're thieves? Hire experts in marketing and think tanks to craft
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>Jesus, this kid is thick. Aristophanes, leave the little goat alone.
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So what was ultimately decided in this thread "Was Strauss right?"? Is the answer no?
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The main problem I see with BitCoins is that they aren't scarce. Anyone can design their own BitCoin2, BitCoin3, etc. and issue as many coins as they want. What if someone creates a SuperBitCoin system which accepts BitCoin but also allows more coins beyond the 21 million allowed by BitCoin; say 210 million coins pre-mined by the designer? Per Gresham's