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Other CC's WON'T gain strong traction until a centralized exchange (i.e. MTGOX) has an easy UI like MtGox and allow withdrawal to currencies that pay the bills.
by quackerhacker 13y ago
Other CC's WON'T gain strong traction until a centralized exchange (i.e. MTGOX) has an easy UI like MtGox and allow withdrawal to currencies that pay the bills. Vircurex (the main LTC exchange...which exchanges LTC to BTC) recently has been hacked compromising wallets. One of LTC's strength was that it couldn't be mined with a GPU, FPGA, or ASIC...but thanks to reaper, now miners can get MHashes with their GPUS. And when MtGox announced that they were holding off on Litecoin integration, LTC dropped to almost $2 and miners on the forums had an exodus. First tech to people's impression remains the standard...in this case, it's Bitcoin. -quacker