Talk:Local Bitcoin Currency

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  1. Cited problems don't exist.
  2. The *only* way to set a fixed price of any currency is by offering the trade. ie, you NEED to offer 1 local unit for 1 new unit if you want the new unit to match the local unit's price.
  3. Litecoin's mining algorithm is worse than Bitcoin's. If you don't want the currencies to compete for hashpower, the correct solution is merged mining.

--Luke-jr 21:19, 13 November 2011 (GMT)