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Yes all virtual, if you lose your laptop, you lose your money. Unless you back it up that is! http://www.theguardian.com/technology/2013/nov/27/hard-drive-bitcoin-landfill-site this is what can happen if you don't back up! As you're a mac users, I would be very careful due to the issues I...
Are you a mac or a windows users? There has been/is a bug currently on os x causing users to lose BTC and LTC. If you lose the virtual wallet you lose what's in it! Litecoin virtual wallet is here https://litecoin.org/
No worries mate. The rate might be better to do it that way, but I'm not sure. I've been looking more into the mining side of things, than the trading side!
You can send/receive money with your virtual wallet :)
:banghead:
It's not a competing product ffs. Lite coin and bitcoin work in different manors. I'll let you research this yourself instead of clogging this thread
Wait you can use both? That's good!
I'm trying to get myself to like it, but I'm failing.
Currently developing a site in it though (not finished yet as you will see). Just seems to be lacking compared to Joomla, however I know the customer will prefer Wordpress when it comes to editing...
"Litecoin is an alternative cryptocurrency based on Bitcoin. It differs from Bitcoin in that it targets a faster block rate (2.5 minutes) and uses scrypt for the primary hashing done in mining" It's not a theory, this is taken from that article.
It's also not a rip-off either. Litecoin uses...
I'm not sure about that as it's made to support bitcoin, faster transaction times.
Oh in the last week LTC has gone from $5 to $20
Parts of the mining rig my colleague is building have just started turning up so I'll let you know how he gets on with it!