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    Litecoin Did my part for mass adoption

    May 30, 2019

    Litecoin Did my part for mass adoption

    Did my part for mass adoption

    Posted: 30 May 2019 09:10 AM PDT

    Two years ago I suggested my fantasy football group throw our $1200 pool into crypto in the fall of 2017 to grow the pot. Pretty much laughed off stage.

    As the champ this year, I suggested we do it again. There was no hesitation. Got 10 ŁTC in at $117.67 this morning and now they are all asking how to sign up.

    Baby steps but what a difference two years makes!

    submitted by /u/rheezy12
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    Attempting to brute force forgotten password

    Posted: 30 May 2019 08:39 AM PDT

    So, long story short, I added some Litecoin (55!) a few years ago to the initial coins I bought in 2013 WITHOUT checking I knew the password.

    After a while of beating myself over the head i've decided to try and crack it using Hashcat. I've been following an excellent YT vid but I'm stuck on what I need to use for the hash as he says he uses the UTC from his Ethereum wallet he is trying to crack into.

    I've used a Python code to try and extract the hash data I need but not sure if this 3 day attempt hashcat is working on is a waste if the hash is wrong!?

    Any experience in this would be helpful and happy to donate to anyone that helps me get access to these again.

    submitted by /u/Delbitter
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    LTC "NOT LIQUID ENOUGH...YET," for ABRA??

    Posted: 30 May 2019 09:14 AM PDT

    So here is the head scratcher (for us noobs) quote from fantastic interview (link below) with Bill B at ABRA:

    Bill: So, a couple of us at Abra are worried [future scalability] — we spend a bit of time on it. But having a native Ether wallet is the first step in having a multi-chain solution. Well, that's not true exactly, having a Litecoin integration was our first multi-chain solution, but the problem is Litecoin isn't that liquid… But having Bitcoin, Ethereum, Litecoin, or even EOS if it finally gets there. https://www.newsbtc.com/2019/04/23/abra-ceo-interview-future-bitcoin-crypto/

    ​

    Notice the comment, "the problem is Litecoin isn't that liquid." ???? I don't doubt Bill - but I also don't take this as a knock on Litecoin either. My guess is that he foresees Litecoin ONE DAY becoming liquid enough. But can someone explain what this really means and when it will come?

    ​

    Also, his comments about EOS are interesting as many others have called EOS a POS (Not Proof of Stake - piece of shit per Jed McCaleb - a fairly smart dude), why does Bill have some faith in EOS when Jed does not? And Bill didn't mention ADA - I take it he thinks ETH will rise from the hot mess it is in now to push back ADA?

    submitted by /u/danpolage
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    Limited Edition Crypto Caps Order Now To Guarantee A low Edition

    Posted: 30 May 2019 11:37 AM PDT

    Crypto Caps Physical Blockchain Collectibles

    Posted: 30 May 2019 01:15 AM PDT

    What is a commodity market

    Posted: 30 May 2019 02:56 AM PDT

    The commodity market is the base of the world trading system. A commodity exchange is an exchange where various commodities are sold. Commodities include agricultural products, raw materials and products which are used as "building blocks" for more complex goods or for services.

    The main feature which makes commodities different from other products is that they can be interchangeable with other materials of the same type. That's why commodities are mined, produced and traded a lot to maintain the global commodity market.

    Commodities can generally be divided into 4 main categories:

    - Agricultural which includes food or industrial crops

    - Energy: oil, gas products, electricity

    - Metals: gold, diamonds, silver, iron, nickel and etc.

    - Environmental: carbon emissions, renewable energy

    The largest commodity markets:

    1. Chicago Mercantile Exchange (since 1898)

    2. Chicago Board of Trade

    3. New York Mercantile Exchange

    4. Intercontinental Exchange

    5. London Metals Exchange

    6. Australian Securities Exchange

    7. Tokyo Commodity Exchange

    The main factors that drives the prices:

    1. Demand

    2. Supply

    3. US dollar

    4. Substitution

    5. Weather (really plays an important role in the commodity prices, e.g. because of natural disasters)

    Now let's clear up if cryptocurrency is really commodities.

    Cryptocurrencies are a unique sort of asset and cannot be easily called a currency as the main feature of a currency is a regulation by a government and centralization. That's why it's better to refer cryptocurrency to a real-world commodities, like gold or diamonds, as they are also mined, and its price is determined by market factors.

    submitted by /u/margaret851
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    Best Cryptocurrency Wallets for 2019

    Posted: 30 May 2019 06:25 AM PDT

    Is the US dollar a security?

    Posted: 29 May 2019 02:34 PM PDT

    I have seen the arguments about whether or not this or that cryptocurrency is a a security or not, so my question then, is the US dollar considered to be a security?

    In my unqualified opinion Litecoin and Bitcoin are a currency just as much as the US dollar is, but I would not say that they are a security.

    Enlighten me...

    submitted by /u/mr_sew
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    Does Litecoin benefit from a recession or not?

    Posted: 29 May 2019 02:24 PM PDT
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