TheLitecoindisruption
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When things get too expensive, imperfect substitutes become increasingly appealing.
It happened to oil with natgas and shale. It happened to gold with copper and silver. Now it seems to be happening with Bitcoin as well.
So while Bitcoin traded through $1,000 on Wednesday (depending on which exchangeorservice you use to acquire Bitcoin: it was $1,035 on MTGox, $922 on BTC-e at pixel time), more interesting is the recent surge that’s taking place in the value of alternative crypto currency Litecoin:
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