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A comment on Coinbase hires Charlie Lee, creator of Litecoin. Parent comment

Re:Coinbase hires Charlie Lee, creator of Litecoin by gigq on Wednesday July 31, 2013 @01:14AM (#6132039)
In practice it doesn't seem to matter. For example btc-e.com who accepts both bitcoin and litecoin for trading makes you wait 3 confirmations for bitcoin and 6 confirmations for litecoin. So you are correct that 1 litecoin transaction is not as reliable as 1 bitcoin transaction but they are not making you wait 12 litecoin transactions.

Given that btc-e has a lot to lose on double spend attacks I think it's a good measure of how these two currencies are playing out in the market.

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Re:Coinbase hires Charlie Lee, creator of Litecoin by nullc on Wednesday July 31, 2013 @03:22AM (#6132330)
The propagation times are very important here. You can get away with faster if and only if the network communications latency is low enough.

If blocks are too fast you start getting very large reorganizations.

Today litecoin has almost no transactions, so its lower interblock time is not a problem... Yet.

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