Explain LiteCoin Please

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Messages 1 - 6 of total 6 in this topic
brotherbbock

climber
Alta Loma, CA
Topic Author's Original Post - Dec 12, 2017 - 11:48am PT
Why can't I just buy them with cash?

Why must I convert from Bitcoin to get them?

All I want is a few damn litecoins...
seano

Mountain climber
none
Dec 12, 2017 - 12:18pm PT
1. Litecoin is supposed to allow faster/cheaper transactions vs. Bitcoin, which has become slower/costlier lately.

2. Litecoin is supposed to allow normal humans with normal computers to "mine" it, vs. Bitcoin, where "mining" mostly takes place via specialized hardware in countries with cheap electricity.

3. Honestly, if you need to ask that question, you should stay away from the current insanity for a few months.
brotherbbock

climber
Alta Loma, CA
Topic Author's Reply - Dec 12, 2017 - 02:01pm PT
Haha thanks for the info...

I think I should stay away as well.

I still don't fully understand the concept of "mining" as well.
Gnome Ofthe Diabase

climber
Out Of Bed
Dec 12, 2017 - 02:06pm PT
When I click on this thread, I get banner adds for other ""CRYPTO"" currencies. . .

Reilly

Mountain climber
The Other Monrovia- CA
Dec 12, 2017 - 02:14pm PT
When I click on this thread, I got CNC machinery! Not in that biz any more
but at least it does something usefull.
fear

Ice climber
hartford, ct
Dec 12, 2017 - 06:26pm PT
You can pay a tulip broker to grow your tulips for you.
Messages 1 - 6 of total 6 in this topic
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