Litecoin is perhaps more than just the silver to Bitcoin's gold

The cryptocurrency economy has blown wide open. There may be twenty or more different cryptocurrencies competing for dominance in this emerging technology.

While bitcoins are holding a more or less steady value of $100/BTC, one of the favorite alt-coins, Litecoin (LTC) is currently undervalued at around $3/LTC.  Based upon six month trend reports, the value deviated from the difficulty graph which it had been clinging close to. When the coin is able to correct, it should be worth approximately $5/LTC.  Currently hungry speculators are holding the value of the coin down.

Mt. GoX announced they have plans to have LTC trading on their site in July. When that happens, if the litecoin has not already corrected, we can expect a correction and a surge in value as new traders will have access to it on the largets bitcoin market in the world.

I am working on pulling together a screencast to help Mac OS X users get the recently updated Litecoin client software installed.

In the mean time, you can check out litecoin.org.

If you want to buy some LTC, you can check out btc-e.com.  You can sometimes find me on the trollbox there, as the user "kewal".  Happy trading!

Install GPG on Mac OS X

Hi.

We are working on getting a site up for cyberjutsu.com.

The plan is to have both free and premium screencasts to help folks learn how to survive in cyberspace. It will probably take us a while to get any premium content up. It may also take a while to get the site live.

In the mean time, as we start to create screencasts, we will publish them here.  They may not be as polished as we would like.  Sometimes information needs to be more current than polished.  For example, it is time to upgrade the Litecoin client, for those who use Litecoins (and we recommend that you do!)

The screencast linked below is a prerequisite to upgrading your Litecoin client. In this screencast, we go over installing GPG on Mac OS X.  Linux users will most likely already have gpg software installed, but this is not the case for Mac users.

I hope this video is helpful. It does include steps to verify the SHA1 digital fingerprint of the downloaded binary file to be used in the installation of GPGtools. It does not represent the lowest we will set the bar for learning. I intend to do some much more basic screencasts to help folks understand the basics of using Terminal and the BASH shell, for example.

In the mean time - please feel free to get your GPG on!