Silk Road forums

Discussion => Newbie discussion => Topic started by: silverheart on March 23, 2013, 01:39 pm

Title: New Competitor to Silk Road
Post by: silverheart on March 23, 2013, 01:39 pm
Hi all,

Come and join us on Atlantis, the latest free marketplace.

We are offering 3 months of free commission and free vendor accounts to members of either Silk Road or Black Market Reloaded if you have a vendor account with feedback indicating that you're a legitimate high quality seller.

There's a slight difference to this market, we deal exclusively in Litecoin. Litecoins are just as easy to obtain as Bitcoin, you can read more about them in our guides, on our website, or your trusty Google search engine. A very popular Litecoin exchange is https://btc-e.com -- they deal in Litecoin, Bitcoin, and a few others. Litecoin has shown EXTREMELY promising stability and growth over the past two years. Adopting it now will be similar to the Bitcoin boom as far as returns are concerned.

Take up the opportunity now to get your free vendor account as this offer won't last and is only available whilst we're still growing. We've been live for 1 week and already have over 1000 new users. If you wish to claim the vendor account message support on the website, or drop in on the Atlantis forum and ask there.

[CENSORED: scam link]rky4es5q.onion
Title: Re: New Competitor to Silk Road
Post by: HellInaHandBasket on March 23, 2013, 02:20 pm
heh...

was wondering when some new blood was going to step up for a shot at the title...

If I'm honest though the litecoin thing is annoying... seems to be a gimmick or worse an attempt to wind back time and jump on the wagon but before it got so far along.. I mean I get there must be a financial advantage toy whoever is running that show but unless its as easy as BTC and , for me anyway, doesn't run the risk of undermining BTC I will not be using your market . It worries me that these wanna be coins could be the undoing of the system by over complicating things and turning people off from coming on board..

Competition is a good thing and innovation is key to advancing but simply making a new, but almoist identical, coin is not either of these things.

SR will always be my first and the one that shiwed me the way so I will always give support to Pirate and the crew but I look forward to seeing what impact you will have on everything.. The media having another market to report on has to be a good thing though so maybe the masses will drift over that way and take the issues with them!

;-D
Title: Re: New Competitor to Silk Road
Post by: ThreeKings on March 23, 2013, 02:43 pm
Would wish a very best of luck
Title: Re: New Competitor to Silk Road
Post by: iiivision on March 23, 2013, 02:52 pm
crazy world we live in
Title: Re: New Competitor to Silk Road
Post by: nanpa2001 on March 23, 2013, 03:03 pm
I bought some LTC on https://btc-e.com - $40 worth, and I got about $200 out of that when the price increased over a period of one month. Wanted to buy more but cash flow was bad, and I was heavily invested in my orders.

Personally I think that LTC has a long way to go before it reaches a stable maximum price. If I were a vendor at Atlantis, I would simply keep as many LTC as I could, and not cash out until there was a dividend from the inevitable price increase .

What I am excited about is the package arrival statistic that they have promised to implement. GUS and I have been complaining here on this forum for months that selective scamming by vendors is enabled because the vendor rating is flawed. See here for my reasoning http://atlmlxbk2mbupwgr.onion/index.php?topic=16.0
Title: Re: New Competitor to Silk Road
Post by: Taklamak4n on March 23, 2013, 03:20 pm
Since Litecoin is a copy of Bitcoin, it is every bit as prone to high volatility as Bitcoin. I hope somebody comes up with a stable cryptocurrency. It could be achieved by pegging the currency to EUR or USD. Another alternative would be to increase the number of coins in circulation e.g. 2% annually. Anyway, Bitcoin with its boom/bust stuff is not good for commerce.
Title: Re: New Competitor to Silk Road
Post by: smiley243 on March 23, 2013, 03:37 pm
erg
Title: Re: New Competitor to Silk Road
Post by: silverheart on March 23, 2013, 03:40 pm
I bought some LTC on https://btc-e.com - $40 worth, and I got about $200 out of that when the price increased over a period of one month. Wanted to buy more but cash flow was bad, and I was heavily invested in my orders.

Personally I think that LTC has a long way to go before it reaches a stable maximum price. If I were a vendor at Atlantis, I would simply keep as many LTC as I could, and not cash out until there was a dividend from the inevitable price increase .

What I am excited about is the package arrival statistic that they have promised to implement. GUS and I have been complaining here on this forum for months that selective scamming by vendors is enabled because the vendor rating is flawed. See here for my reasoning http://atlmlxbk2mbupwgr.onion/index.php?topic=16.0

Litecoin is an incredible investment opportunity. Not only will sellers be earning their regular USD amounts, but they have the potential to sit on it and multiply their earnings tenfold.

We take feedback very seriously and we have an entire team dedicated to development. All of the great ideas that we have been presented with will be implemented. We just launched a few new options in the Atlantis Accounts section earlier today as an example!

We've noticed there is a tendency for other markets to take a back seat to user requests however we believe our sellers are very important and wish to keep them happy. The feature suggestion was great, and we're excited to get it deployed to see how efficiently it changes the dynamic of successful transactions.

Since Litecoin is a copy of Bitcoin, it is every bit as prone to high volatility as Bitcoin. I hope somebody comes up with a stable cryptocurrency. It could be achieved by pegging the currency to EUR or USD. Another alternative would be to increase the number of coins in circulation e.g. 2% annually. Anyway, Bitcoin with its boom/bust stuff is not good for commerce.

We hedge the price to the USD. This means that market volatility does not affect the sellers, and they are always paid the same amount regardless. This makes it safe to deal with any potential volatility in the currency market.
Title: Re: New Competitor to Silk Road
Post by: exis on March 24, 2013, 07:59 pm
Thanks for this folks!
I don't see SR and Atlantis as head to head competitors, they are complementary, more choice is better for consumers.

I've poked around the site, and it is nicely responsive, looks great, and I like the features. I wish you success.

I do have a questions though:
Does Atlantis use a tumbler to obfuscate transactions the same way that SR does?
Title: Re: New Competitor to Silk Road
Post by: RevDrGod on March 24, 2013, 08:02 pm
Already signed up
Title: Re: New Competitor to Silk Road
Post by: badniff on March 24, 2013, 08:13 pm
Why not use Bitcoins? Having two separate markets using the same currency could help the currency stabilize. Switching to LTC seems a bit petty, but I am very interested in hearing the reasoning behind this.
Title: Re: New Competitor to Silk Road
Post by: MainStay on March 24, 2013, 09:03 pm
Why not use Bitcoins? Having two separate markets using the same currency could help the currency stabilize. Switching to LTC seems a bit petty, but I am very interested in hearing the reasoning behind this.

Yeah, this is a good question.
Title: Re: New Competitor to Silk Road
Post by: REDEYE on March 24, 2013, 09:13 pm
Just checked it out, that shit expensive.

1/4 OZ (7G) M39 ~ 1 day old -- Ships From Canada
117.64705882    LTC
$70.00    USD
Title: Re: New Competitor to Silk Road
Post by: REDEYE on March 24, 2013, 09:17 pm
The forum is exactly like SR.  Is this DPR other site or something
Title: Re: New Competitor to Silk Road
Post by: scout on March 24, 2013, 09:21 pm
Why not use Bitcoins? Having two separate markets using the same currency could help the currency stabilize. Switching to LTC seems a bit petty, but I am very interested in hearing the reasoning behind this.

Yeah, this is a good question.

I'd be interested in hearing this as well.
Title: Re: New Competitor to Silk Road
Post by: nanpa2001 on March 24, 2013, 09:35 pm
Why not use Bitcoins? Having two separate markets using the same currency could help the currency stabilize. Switching to LTC seems a bit petty, but I am very interested in hearing the reasoning behind this.

Yeah, this is a good question.

I'd be interested in hearing this as well.

I think that the admins there may be interested in a possible speculative dividend provided by using litecoin. What I like about litecoin over bitcoin is that the transactions happen so fast. Virtually instant.

Otherwise, I don't know, product differentiation? There are plenty of markets that use bitcoin. Using litecoin makes them different to the others.
Title: Re: New Competitor to Silk Road
Post by: bayUK on March 24, 2013, 09:47 pm
Until a fatal flaw is found in bitcoin I see no reason why users who have already invested their time/money into bitcoin would ever make the switch. Why fix what's not broken
Title: Re: New Competitor to Silk Road
Post by: SRSuperfly on March 24, 2013, 09:49 pm
I'm going to become a vendor here but it would be interesting to also try other sites as well. I would agree with the above posters, things like built in tumblers would be nice (but not necessary), though without a 'litecoin mixer' like bitcoinfog i see this as incredibly risky situation.
Title: Re: New Competitor to Silk Road
Post by: scout on March 24, 2013, 09:54 pm
I wish them the best in their endeavors, of course, but as I stated in another thread, I believe in DPR, our admin, our market, our choice of cryptocurrency, and our community, so my heart belong here. 
Title: Re: New Competitor to Silk Road
Post by: SRSuperfly on March 24, 2013, 10:04 pm
I can say that i do like the responsiveness and your stated commitment to a better featured, better priced system. How about making it both lite and bit coin? I dont see why any system should be restricted to any one currency, just have it searchable by which currencies a vendor will accept.
Title: Re: New Competitor to Silk Road
Post by: CrazyBart on March 24, 2013, 10:08 pm
Dont use the same password on Atlantis that you do on SR. I'd imagine if there user/pass database was ever hacked many of the same username and password combination would work over here.
Title: Re: New Competitor to Silk Road
Post by: badniff on March 24, 2013, 10:15 pm
I can say that i do like the responsiveness and your stated commitment to a better featured, better priced system. How about making it both lite and bit coin? I dont see why any system should be restricted to any one currency, just have it searchable by which currencies a vendor will accept.

1. Wouldn't this make both currencies less reliable?
2. If not, shouldn't Silk Road do this as well? (Edit: This might be what you were propagating :P)

Title: Re: New Competitor to Silk Road
Post by: SRSuperfly on March 24, 2013, 10:33 pm
I can say that i do like the responsiveness and your stated commitment to a better featured, better priced system. How about making it both lite and bit coin? I dont see why any system should be restricted to any one currency, just have it searchable by which currencies a vendor will accept.

1. Wouldn't this make both currencies less reliable?
2. If not, shouldn't Silk Road do this as well? (Edit: This might be what you were propagating :P)

Well i suppose reliability would be a factor of how they were designed, but since they are both essentially the same currencies theres no reason using both would effect either. Its best that SR remain the way it is as alot of noobies find there way here and dont need another level of complexity. If a site like atlantis did adopt bitcoin, we could see a myspace to facebook like shift in the community.
Title: Re: New Competitor to Silk Road
Post by: Pharmington Rex on March 24, 2013, 10:43 pm
I can say that i do like the responsiveness and your stated commitment to a better featured, better priced system. How about making it both lite and bit coin? I dont see why any system should be restricted to any one currency, just have it searchable by which currencies a vendor will accept.

●▬▬▬▬▬▬▬ஜ۩۞۩ஜ▬▬▬▬▬▬▬▬▬●
❖             Pharmington Rex                  ❖
●▬▬▬▬▬▬▬ஜ۩۞۩ஜ▬▬▬▬▬▬▬▬▬●

Ciao,

Agree. Why not to have both bitcoin and litecoin? And if they use exchange that take both(BTC-E), why not to use both? Waste more time convert Litecoin to Bitcoin to cash.

And tumble jumble of coin needed. First thing to think when start to build site. Basic idea why not to have it?

Oh, can vendor use HTML or CSS for listing? That is lovely if yes. But no Bitcoin is kill the deal I think. I talk to Guvnah and see what he think. 

Caro saluto,

♥♕♥ Lady Lucia Nella Skye Con Diamanti
Her Most Vividness, Dame LSD.

●ஜ۩۞۩ஜ▬▬▬▬ஜ۩۞۩ஜ▬▬▬ஜ۩۞۩ஜ●

The Gentleman Lords (and Lady) of Pharmaceuticals.
Serving US Patrons from within the US.

●ஜ۩۞۩ஜ▬▬▬▬ஜ۩۞۩ஜ▬▬▬ஜ۩۞۩ஜ●
Title: Re: New Competitor to Silk Road
Post by: CrazyBart on March 24, 2013, 10:45 pm
and wow, what a ripoff of SR. Everything is basically copied word foor word from here.
Title: Re: New Competitor to Silk Road
Post by: badniff on March 24, 2013, 10:55 pm
Well i suppose reliability would be a factor of how they were designed, but since they are both essentially the same currencies theres no reason using both would effect either. Its best that SR remain the way it is as alot of noobies find there way here and dont need another level of complexity. If a site like atlantis did adopt bitcoin, we could see a myspace to facebook like shift in the community.
I don't know much about the intricate workings of monetary systems, but as I understand a smaller user base, means a higher degree of unpredictability in exchange rates. Having two parallel currencies would divide the user base, and could be quite risky. As long as people keep using the bitcoin to buy and sell goods to the extent they are now, then it shouldn't crash to apocalyptic lows, LTC could disrupt this.

But then again, I am open to new ideas :) I just need sound reasoning and a personal incentive to adopt them. As it stands I am going to be cautious. It is important to not invest to much power into any single entity, since power always corrupts. DPR is like anon, he could be anybody, or many. For all I know half of the users of Silk Road could be DPR, or maybe he is an AI. I am going way off-topic. I'll just stop.

What I mean to say is that it is important to challenge power :)
Title: Re: New Competitor to Silk Road
Post by: SRSuperfly on March 24, 2013, 11:32 pm
SR needs more competition, let the market decide which platform is best.
Title: Re: New Competitor to Silk Road
Post by: jentyb on March 24, 2013, 11:34 pm
It smell like bacon in this motherfucker lol...
Title: Re: New Competitor to Silk Road
Post by: As-You-Wish on March 24, 2013, 11:42 pm
They deleted my only post over there because it was "off-topic." Fuck that place, was about to open a vendor account over there too. I guess i'll just wait until i have a little more funds and open it here
Title: Re: New Competitor to Silk Road
Post by: Pharmington Rex on March 24, 2013, 11:54 pm
Well i suppose reliability would be a factor of how they were designed, but since they are both essentially the same currencies theres no reason using both would effect either. Its best that SR remain the way it is as alot of noobies find there way here and dont need another level of complexity. If a site like atlantis did adopt bitcoin, we could see a myspace to facebook like shift in the community.
I don't know much about the intricate workings of monetary systems, but as I understand a smaller user base, means a higher degree of unpredictability in exchange rates. Having two parallel currencies would divide the user base, and could be quite risky. As long as people keep using the bitcoin to buy and sell goods to the extent they are now, then it shouldn't crash to apocalyptic lows, LTC could disrupt this.

But then again, I am open to new ideas :) I just need sound reasoning and a personal incentive to adopt them. As it stands I am going to be cautious. It is important to not invest to much power into any single entity, since power always corrupts. DPR is like anon, he could be anybody, or many. For all I know half of the users of Silk Road could be DPR, or maybe he is an AI. I am going way off-topic. I'll just stop.

What I mean to say is that it is important to challenge power :)

●▬▬▬▬▬▬▬ஜ۩۞۩ஜ▬▬▬▬▬▬▬▬▬●
❖             Pharmington Rex                  ❖
●▬▬▬▬▬▬▬ஜ۩۞۩ஜ▬▬▬▬▬▬▬▬▬●

Ciao,

If I understand, less people mean easy manipulate of currency price. I understand correct? To say, one day price is here. Then next day price is far from there. For no reason but maybe because manipulator sell a large cache of Litecoins on purpose. If no one to buy, price drop and drop until someone think it at right price to bottom. Then manipulator keep large cache of Litecoin for time then do same again. Up and down, up and down.

But if more people to use Litecoin, then hard is for manipulator to do this action in market.

So do they have hedge like SR to protect the vendor if this to happen?


Caro saluto,

♥♕♥ Lady Lucia Nella Skye Con Diamanti
Her Most Vividness, Dame LSD.



●ஜ۩۞۩ஜ▬▬▬▬ஜ۩۞۩ஜ▬▬▬ஜ۩۞۩ஜ●

The Gentleman Lords (and Lady) of Pharmaceuticals.
Serving US Patrons from within the US.

●ஜ۩۞۩ஜ▬▬▬▬ஜ۩۞۩ஜ▬▬▬ஜ۩۞۩ஜ●
Title: Re: New Competitor to Silk Road
Post by: SRSuperfly on March 24, 2013, 11:54 pm
They deleted my only post over there because it was "off-topic." Fuck that place, was about to open a vendor account over there too. I guess i'll just wait until i have a little more funds and open it here

I hope their clean atmosphere doesnt turn into a facist apple situation. I like how you can basically say whatever you want on here and no one will censor you.
Title: Re: New Competitor to Silk Road
Post by: nanpa2001 on March 25, 2013, 02:56 am
They deleted my only post over there because it was "off-topic." Fuck that place, was about to open a vendor account over there too. I guess i'll just wait until i have a little more funds and open it here

I hope their clean atmosphere doesnt turn into a facist apple situation. I like how you can basically say whatever you want on here and no one will censor you.

I like freedom too and I hate the endless begging and scamming on this forum.
Title: Re: New Competitor to Silk Road
Post by: PBnJelly on March 25, 2013, 03:07 am
I dont see a reason to not use SR what advantage does this place have?
Title: Re: New Competitor to Silk Road
Post by: imghost9 on March 25, 2013, 03:34 am
I dont see a reason to not use SR what advantage does this place have?


Agreed, I doubt this place (Atlantis) will ever reach the level of success SR has had.

Not to mention unless I'm retarded, the site has a terrible selection...
Title: Re: New Competitor to Silk Road
Post by: cindylove on March 25, 2013, 03:56 am
I dont see a reason to not use SR what advantage does this place have?


Agreed, I doubt this place (Atlantis) will ever reach the level of success SR has had.

Not to mention unless I'm retarded, the site has a terrible selection...

SR started the same way too. It's just growing pains. DPR himself used to vend weed to get this place up and running.
Title: Re: New Competitor to Silk Road
Post by: imghost9 on March 25, 2013, 04:06 am
I dont see a reason to not use SR what advantage does this place have?


Agreed, I doubt this place (Atlantis) will ever reach the level of success SR has had.

Not to mention unless I'm retarded, the site has a terrible selection...

SR started the same way too. It's just growing pains. DPR himself used to vend weed to get this place up and running.



Your right, Everyone has to start at the bottom. I don't know though, It seems there's so much buzz about SR that everybody else is...just....pointless?
Title: Re: New Competitor to Silk Road
Post by: Obnubilate on March 25, 2013, 04:34 am
How is this any different than sheepmarket? (Except for the litecoin thing)
Title: Re: New Competitor to Silk Road
Post by: Breach on March 25, 2013, 05:10 am
there was a point made on a thread a week or so ago that the faster transaction of litecoin actually made litecoin a little less secure than bitcoin. not by much but still something to think about!
Title: Re: New Competitor to Silk Road
Post by: jackofspades on March 25, 2013, 05:31 am
i agree i love the idea of another site!
but think they all should use the same currency (BTC)

i have used BMR and like it and i miss the armory!

in a perfect world though there would be an online onion site run by one person along with his employees who
could have every item in most quantitys reasonable prices and professional methods etc...

something like an onliine retail store such as walmart or kmart or target for drugs and stuff
Title: Re: New Competitor to Silk Road
Post by: blacky646 on March 25, 2013, 06:41 am
So now we have bitcoin, litcoin, BMR, SR, and Atlantis..... the world is getting real interesting real quick. just a decade ago what we are doing on SR was almost impossible. 

on another note given bitcoins performance since its inception if litcoin can even meet a fraction of that then there is a killing to be made as an investment... bear in mind it can also be mined a lot easier. Fuck if you got on board the bitcoin train early and started mining the damn things when that was easy and they were worth little...you would be so set now

and on a final not DPR should be a little pissed off they completely copied his layout.
Title: Re: New Competitor to Silk Road
Post by: blacky646 on March 25, 2013, 07:02 am
How is this any different than sheepmarket? (Except for the litecoin thing)

also what is sheepmarket?
Title: Re: New Competitor to Silk Road
Post by: Bline on March 25, 2013, 07:39 am
How is this any different than sheepmarket? (Except for the litecoin thing)

also what is sheepmarket?

It's a stupid market that weeds out people by not letting them log in.
Title: Re: New Competitor to Silk Road
Post by: django on March 25, 2013, 08:03 am
its the same as this place, even got some of the same vendors on there,but no one uses it.

more choice is good and i would perhaps be willing to try out another site if i saw a vendor that i use on there, but until then here is where its at and until that changes i'll stay here.

good luck though
Title: Re: New Competitor to Silk Road
Post by: blacky646 on March 25, 2013, 08:35 am
anyone have the .onion link for it? just for shits and giggles?
Title: Re: New Competitor to Silk Road
Post by: The Advocate on March 25, 2013, 09:09 am
I can say that i do like the responsiveness and your stated commitment to a better featured, better priced system. How about making it both lite and bit coin? I dont see why any system should be restricted to any one currency, just have it searchable by which currencies a vendor will accept.

●▬▬▬▬▬▬▬ஜ۩۞۩ஜ▬▬▬▬▬▬▬▬▬●
❖             Pharmington Rex                  ❖
●▬▬▬▬▬▬▬ஜ۩۞۩ஜ▬▬▬▬▬▬▬▬▬●

Ciao,

Agree. Why not to have both bitcoin and litecoin? And if they use exchange that take both(BTC-E), why not to use both? Waste more time convert Litecoin to Bitcoin to cash.

And tumble jumble of coin needed. First thing to think when start to build site. Basic idea why not to have it?

Oh, can vendor use HTML or CSS for listing? That is lovely if yes. But no Bitcoin is kill the deal I think. I talk to Guvnah and see what he think. 

Caro saluto,

♥♕♥ Lady Lucia Nella Skye Con Diamanti
Her Most Vividness, Dame LSD.

●ஜ۩۞۩ஜ▬▬▬▬ஜ۩۞۩ஜ▬▬▬ஜ۩۞۩ஜ●

The Gentleman Lords (and Lady) of Pharmaceuticals.
Serving US Patrons from within the US.

●ஜ۩۞۩ஜ▬▬▬▬ஜ۩۞۩ஜ▬▬▬ஜ۩۞۩ஜ●

I agree on having both btc and ltc.  I also want to know if I can design my vendor page the same as any other webpage I put my designer on.  Boy would he get a kick outta this project hahhaha!
Title: Re: New Competitor to Silk Road
Post by: dryice on March 25, 2013, 10:10 am
Is litecoin  pretty much just printing more money like the governments do? I mean bitcoin is already there and in place so why use litecoin? why print more money? isnt his exactly what we are trying to get away from?
anyway I wont be using litecoin unless something bad happens to bitcoin.
I don't think we should destroy crypto currency's by flooding the net with heaps of em. How many people will just start a new one when this is up and going? soon all crypto currency's will be worth nothing because everyone will have there own one.
If the site uses bitcoin I will be there.
 
Title: Re: New Competitor to Silk Road
Post by: notthisagain on March 25, 2013, 11:36 am
>Is litecoin  pretty much just printing more money like the governments do?

I haven't looked into it too much yet, but it looks like the same model as bitcoin. The gold standard is a better analogy than fiat currency ('printing more money'). Hence the 'mining' analogy used to represent the work done to create the coins. The money supply is constrained by some sort of physical limits, and until there's bitcoin/litecoin banks, you won't get the sort of organic credit creation that happens with fiat currencies.

That said: that's mostly based on my understanding of bitcoin.
Title: Re: New Competitor to Silk Road
Post by: dryice on March 25, 2013, 11:46 am
Yeah I understand that but if people keep make new crypto cash it will devalue all of them. When there are 10 different crypto cash systems going and people are excepting all of em the world will be flooded with crypto cash and it wont be worth anything so nobody will hold any value in any of it. It's all good right now but in the near future its the destruction of what we are all trying to obtain.
Bitcoin is still cheap.   
Title: Re: New Competitor to Silk Road
Post by: frankfurta68 on March 25, 2013, 11:54 am
How is litecoin a competitor to Silk Road? It is not even a competitor to Bitcoin at the moment, Litecoin is only really open for early investors at the moment. If something were to happen to Bitcoin such as a massive down spike would Litecoin become a little more prevelant.
Title: Re: New Competitor to Silk Road
Post by: notthisagain on March 25, 2013, 12:08 pm
Well, and obviously I'm rambling because I'd like to hit 50 posts at some point, it'd seem to me that the real value of litecoin would have to come from a working market.

To me, bitcoin was a novelty until I got my shit together to find SR and I needed some to score some gear.  Even now I don't plan to hold bitcoins - I use govt-issued currency to get bitcoins, to get the various SR offerings. Over the last few weeks, obviously, I've scored some nice discounts on gear because of value fluctuations, but I'm still not buying BTC as an investment.

 A decade or two ago, USD was the pre-eminent currency in the world - today I use it like bitcoin: buy it if I need to pass it on, but never hold.

So, basically I dunno. Litecoin might be flash-in-the-pan, but simply dismissing it is the same as going short, isn't it?  Its value, just like BTC or USD, will be based on its use. So does anyone have the address of this other market? Did I miss it in this thread?

If you can't eat it, then I reckon everything is a market, and it all comes down to the greed:fear ratio. We all make an assessment, even if we think we don't.

Ramble over - I need to mix another drink. So in summary: if someone will send me weed for these litecoin things, then that's when I'll be interested in having some.  8)
Title: Re: New Competitor to Silk Road
Post by: notthisagain on March 25, 2013, 12:27 pm
 :'(

OK, I had a look. No-one will send me weed for litecoin, so I no longer care.

Check back in six months, I suppose....
Title: Re: New Competitor to Silk Road
Post by: hopoffporfavor on March 25, 2013, 02:42 pm
Haha, and repost 50 times again? I'm good
Title: Re: New Competitor to Silk Road
Post by: Electric Paper on March 25, 2013, 05:43 pm
Oh I don't know really. SR seems to be working pretty well as of right now.
Title: Re: New Competitor to Silk Road
Post by: lelmeriodici on March 25, 2013, 07:45 pm
It's always good to see competition, but my initial reaction to Atlantis is negative.

1.  First, your PIN is only a 4 digit number.  Relatively easy to brute-force.

2.  There is no email associated with your account and the only way to reset your password is using that trivial to hack PIN.  So your password might as well be a four digit number too. (I know this because of their pathetic registration form: it allows you to input a password longer than 20 characters but will only record the first 20 characters without telling you)  I wouldn't keep more than $20 in here for more than a day.

3.  The categories are copied from SR.  That's totally retarded, because if there is one place that needs improvement on SR, it's in categorization.  Come on you Atlantis fucks, innovate.  Do some fucking work.

4.  The site is fast.

5.  It looks nice.

I would love competition, but this isn't it–at least not today.  This is just a carbon-copy of SR.  If a little work is put into the project it could be successful.  It has potential.

lelmeriodici
Title: Re: New Competitor to Silk Road
Post by: safras on March 25, 2013, 09:43 pm
Competition (i.e. another seller site) is good for the market, but I can't see the point of creating another currency. It's just reinventing the wheel. The idea of investing in them early before they rise in value isn't a sustainable source of income. It's not a good enough reason to move away from the tried and tested currency. From what I can see it doesn't offer anything to make it better than BTC in the long term after they've risen in value too.
Title: Re: New Competitor to Silk Road
Post by: onetwothree on March 25, 2013, 09:52 pm
1.  First, your PIN is only a 4 digit number.

Dealbreaker.
Title: Re: New Competitor to Silk Road
Post by: Yoshitoshi on March 25, 2013, 09:59 pm
And it's definitely, absolutely not some kind of half-assed honey-trap???
Title: Re: New Competitor to Silk Road
Post by: caman420 on March 25, 2013, 10:14 pm
HOW MUCH TO JOIN
Title: Re: New Competitor to Silk Road
Post by: Player3013 on March 25, 2013, 11:36 pm
Litecoin, pfffft, not even gonna look now.
Funny that btc is nearly a hundred bucks a piece and no one has enough sense to make a site as useful as SR, except DPR..

I agree.