Trouble ahead in Greece

http://www.bbc.com/news/world-europe-30623421

President Putin signed a law on Monday doubling the deposit guarantee for bank accounts, to 1.4m roubles (£16,290; $25,370).

The last time Russia suffered a major economic crisis, in 1998, many ordinary Russians saw their bank savings wiped out.

Mr Putin has also given the Russian central bank the power to recapitalise the country's biggest retail bank, Sberbank, directly with soft loans. The total must not exceed Sberbank's capital as measured on 1 January 2015.

The "subordinated debt" issued by the central bank, if Sberbank needs it, will not have to be repaid until other loans have been paid off. It is a cushion in case Sberbank gets into financial difficulty.

Other banks can be recapitalised by the central bank through Russia's deposit guarantee agency, using federal government bonds.

First off, I was just fixing your litecoin numbers, not comparing to bitcoin's dollar performance.

But since you bring it up: falling 94.2% against something is quite meaningfully worse than -76%. Specifically, it represents a loss of 3/4 of the remaining amount.

ok, will it fail to confirm?

for those who miss their daily SC's hit, go here for an excellent discussion btwn this guy Coinlock and nullc over on Reddit.  Coinlock gives some very clear and cogent arguments against the peg and shuts nullc down real quick:

http://www.reddit.com/r/Bitcoin/comments/2qpdnc/gregory_maxwell_how_i_went_from_bitcoin_skeptic/cn8dne9

no.  Bitcoins are units that only exist on the MC.

anything else that rides on less secure SC's are who the hell knows what.

The peg is an illusion.