Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: BigSirko on April 22, 2015, 09:52:21 PM



Title: Why Litecoin was doomed from the start to fail
Post by: BigSirko on April 22, 2015, 09:52:21 PM
Point 1 - the developers of Litecoin are absent.


Title: Re: Why Litecoin was doomed from the start to fail
Post by: billotronic on April 23, 2015, 12:04:59 AM
wow you are a big thinker, aren't you?


Title: Re: Why Litecoin was doomed from the start to fail
Post by: croTek4 on April 23, 2015, 12:20:03 AM
Any more points or is that it?


Title: Re: Why Litecoin was doomed from the start to fail
Post by: Saltzman Alaric on April 23, 2015, 12:34:47 AM
after bitcoin pumps so will litecoin


Title: Re: Why Litecoin was doomed from the start to fail
Post by: Hollowman338 on April 23, 2015, 12:48:14 AM
after bitcoin pumps so will litecoin

no, it won't.


Title: Re: Why Litecoin was doomed from the start to fail
Post by: AltcoinInvestor on April 23, 2015, 01:05:54 AM
Litecoin is still widely used and accepted.
It doesn't matter how much it is. Only greedy investors care about their money. Daily users don't care much.


Title: Re: Why Litecoin was doomed from the start to fail
Post by: tokeweed on April 23, 2015, 01:20:34 AM
Point 1 - the developers of Litecoin are absent.


He called in sick yesterday.  He'll be back next thursday.


Title: Re: Why Litecoin was doomed from the start to fail
Post by: MicroGuy on April 23, 2015, 03:01:30 AM
Point 1 - the developers of Litecoin are absent.


Wrong! Litecoin does not need any more development, therefore it does not need a developer.

https://www.gldtalk.org/devteam/litesat.png

Now excuse me while I get back to enjoying a large glass of Coinbase Koolaid.


Title: Re: Why Litecoin was doomed from the start to fail
Post by: broinc4 on April 23, 2015, 04:24:45 AM
Point 1 - the developers of Litecoin are absent.


Wrong! Litecoin does not need any more development, therefore it does not need a developer.

https://www.gldtalk.org/devteam/litesat.png

Now excuse me while I get back to enjoying a large glass of Coinbase Koolaid.

liquidity, merchant adoption will come only when the coin has advantage over other currencies or if it makes difference for the merchant's using it than existing payment system. does not make sense mr.litecoin lee


Title: Re: Why Litecoin was doomed from the start to fail
Post by: TheMage on April 23, 2015, 04:44:40 AM
Point 1 - the developers of Litecoin are absent.



Thanks for this very well informed post. I will now email all the news orgs to ensure everyone knows this! The only problem is that a week ago a RC was just released https://litecointalk.org/index.php?topic=25306.0


Ahh yes, Ignore the fact that the LA launched Litecoin.com (special thanks to Aspect for this one), as well as the new branding guide, and working on other great things :). But hey, whatever coin you are trying to push im sure this post will have an affect on the marketcap by swinging massive people from Litecoin to whatever you are currently holding (or at least in your mind thats how it works). Also ignore the fact that the Litecoin Devs work on the bitcoin core as well, meaning pretty much anyone involved in cryptos can thank Litecoin along with Bitcoin.


But what do I know, im just some guy on the interwebz :).


Litecoin is still widely used and accepted.
It doesn't matter how much it is. Only greedy investors care about their money. Daily users don't care much.


Litecoin does not focus on day traders like most other coins do. We DO focus on wider adoption and can prove it ;). For those of us that are here for the technology and not to enrich themselves (which I can only assume the OP is here for), the price is more or less immaterial. Of course personally that is with the understanding that 90% of adoption is motivated by price fluctuations. So not saying price isn't important, but for larger widespread adoption in the long run it doesnt matter because once larger adoption takes off (which Bitcoin has not even yet), the demand will be there to drive price up higher.



Point 1 - the developers of Litecoin are absent.


Wrong! Litecoin does not need any more development, therefore it does not need a developer.

https://www.gldtalk.org/devteam/litesat.png

Now excuse me while I get back to enjoying a large glass of Coinbase Koolaid.


You as well as everyone else knows that is taken completely out of context, feel free to listen to the explanation here https://www.youtube.com/watch?v=gLVwMFWGseA&feature=youtu.be (I dont remember what the time was where I talked about it, but it was a good interview). Also keep in mind the very first discussion in here was me defending ALL alts. So yea.....thanks for the vote of confidence and blasting Litecoin for whatever reason even when those involved in it still help/work with/defend alts and cryptos.


Title: Re: Why Litecoin was doomed from the start to fail
Post by: MicroGuy on April 23, 2015, 10:42:57 AM
Also keep in mind the very first discussion in here was me defending ALL alts. So yea.....thanks for the vote of confidence and blasting Litecoin for whatever reason even when those involved in it still help/work with/defend alts and cryptos.

How in the world can you honestly defend ALL alts? That just makes everything else you say unbelievable.

https://www.gldtalk.org/devteam/noalts.png

The fact of the matter is Litecoin's developer works for a boss that hates altcoins and who has laid down the law regarding altcoin "moonlighting".



Title: Re: Why Litecoin was doomed from the start to fail
Post by: MiningAtlas on April 23, 2015, 12:07:29 PM
Point 1 - the developers of Litecoin are absent.


They are just dropping the price, litecoin has actually been a success, depends how you look at it.


Title: Re: Why Litecoin was doomed from the start to fail
Post by: kelsey on April 23, 2015, 03:34:48 PM
microguy seriously are you going to post the same out of context bs to every thread?

yeah yeah we know you hate ltc, and btc; and goldcoin will take over and rule the crypto landscape..........then why don't you pony up and head back to the 3 other members on your own forum  ;)...and leave us in peace  :)


Title: Re: Why Litecoin was doomed from the start to fail
Post by: kenscho on April 23, 2015, 05:01:37 PM
i think litecoin wil rise up in the next months


Title: Re: Why Litecoin was doomed from the start to fail
Post by: bitwho on April 23, 2015, 07:18:32 PM
your kidding me right?


excluding bitcoin's: litecoin is dead?, the coin with highest user distributions and top 3 in 24 hrs volume for more couple of years.....


nice troll OP


Title: Re: Why Litecoin was doomed from the start to fail
Post by: MicroGuy on April 25, 2015, 02:51:23 AM
microguy seriously are you going to post the same out of context bs to every thread?

yeah yeah we know you hate ltc, and btc; and goldcoin will take over and rule the crypto landscape..........then why don't you pony up and head back to the 3 other members on your own forum  ;)...and leave us in peace  :)

I'm accumulating. Once I've completed the accumulation phase, I will leave this place in peace and return to my kingdom and my golden throne. :P


Title: Re: Why Litecoin was doomed from the start to fail
Post by: TheMage on April 25, 2015, 02:56:06 AM
microguy seriously are you going to post the same out of context bs to every thread?

yeah yeah we know you hate ltc, and btc; and goldcoin will take over and rule the crypto landscape..........then why don't you pony up and head back to the 3 other members on your own forum  ;)...and leave us in peace  :)

I'm accumulating. Once I've completed the accumulation phase, I will leave this place in peace and return to my kingdom and my golden throne. :P


http://www.hellou.co.uk/wp-content/uploads/2014/02/31.png




Sorry I just had to  :D


Title: Re: Why Litecoin was doomed from the start to fail
Post by: tokeweed on April 25, 2015, 04:02:32 AM
microguy seriously are you going to post the same out of context bs to every thread?

yeah yeah we know you hate ltc, and btc; and goldcoin will take over and rule the crypto landscape..........then why don't you pony up and head back to the 3 other members on your own forum  ;)...and leave us in peace  :)

I'm accumulating. Once I've completed the accumulation phase, I will leave this place in peace and return to my kingdom and my golden throne. :P


http://www.hellou.co.uk/wp-content/uploads/2014/02/31.png




Sorry I just had to  :D

That pic!  LOOOOOOOOOOL!!!


Title: Re: Why Litecoin was doomed from the start to fail
Post by: JReag on April 25, 2015, 06:42:45 AM
Doesn't it have to deal more with its original purpose as being ASIC proof?

I guess you could say the real mistake was underestimating the adaptability of the users involved in the space - particularly in their quest to mine.


Title: Re: Why Litecoin was doomed from the start to fail
Post by: kelsey on April 25, 2015, 07:31:06 AM
Doesn't it have to deal more with its original purpose as being ASIC proof?

I guess you could say the real mistake was underestimating the adaptability of the users involved in the space - particularly in their quest to mine.

biggest myth on this forum litecoin was never ever designed to be asics proof, at the time asics wasn't an issue. d


Title: Re: Why Litecoin was doomed from the start to fail
Post by: kelsey on April 25, 2015, 07:33:51 AM
microguy seriously are you going to post the same out of context bs to every thread?

yeah yeah we know you hate ltc, and btc; and goldcoin will take over and rule the crypto landscape..........then why don't you pony up and head back to the 3 other members on your own forum  ;)...and leave us in peace  :)

I'm accumulating. Once I've completed the accumulation phase, I will leave this place in peace and return to my kingdom and my golden throne. :P

yes we know most the litecoin FUDders will turn into litecoin pumpers once they have their fill of cheap litecoins  ;)


Title: Re: Why Litecoin was doomed from the start to fail
Post by: Spamela Anderson on April 25, 2015, 09:15:10 AM
I think the reason it was doomed to fail is because it doesn't offer much over bitcoin. Without merchants accepting it there's not much use for it as a currency and why would merchants use it when they can just accept bitcoin.

Point 1 - the developers of Litecoin are absent.


Wrong! Litecoin does not need any more development, therefore it does not need a developer.

https://www.gldtalk.org/devteam/litesat.png

Now excuse me while I get back to enjoying a large glass of Coinbase Koolaid.


Title: Re: Why Litecoin was doomed from the start to fail
Post by: kelsey on April 25, 2015, 02:20:02 PM
I think the reason it was doomed to fail is because it doesn't offer much over bitcoin.

it offers a few very crucial points over bitcoin for going mainstream, eg known creator (anon dev may be cool around here but not in the real world being real money, especially when said creator has a billion dollar + stash).

thing it offers over all other alts and the reason it stays a solid 2nd, no matter what FUD is spread here....TRUST.