Bitcoin Forum

My guess is that there's room for at least a few more similar competing currencies to thrive, re: LTC is silver to BTC as gold.

If they function similarly, couldn't there be a ton of value in having LTC as a hedge? If this is true, why is the price stagnating while BTC is rising so steady and fast?

If Litecoin is useless, does that make all other alternative cryptos useless?

I know I ask a lot of questions..

No


No


Because it's not true


Let's rephrase your question: "If Bitcoin provides all the functionality that people need right now, how can another currency provide usefulness?"

Litecoin is crap.

I know i'm even newer around here than you, so I don't pretend to be able to answer your question. However, your question does bring to mind some thoughts worth sharing. I don't think there will be room for any alt-coins to thrive until bitcoin truly thrives--and only then, insofar as the alt-coin sticks to the original premise and follows the core-dev lead. It's as if BitCoin RIGHT NOW is on the very edge of becoming great or merely linger as a curious experiment that never really failed, but never realized it's full potential.

So something has to change, but a new or better alt is NOT the answer.

I'm not saying I have the answer, but like everyone else on these threads, informed or misinformed, enlightened and philanthropic or greedy, experienced or not, i'm working on one! :)

with that said, i think this is why all the interest in each new alt, or like this latest ripple craze...everyone knows it's on the edge, realizing SOMETHING certainly has to come...and when someone with 2000+ posts says THIS IS IT, SIGN UP, GET YOUR FREE COINS...everyone jumps...

this bodes VERY well for any emerging solution that would truly liberate this amazing community!

Litecoin is crap? Okay, well USD provides all the functions that people need right now, so how can Euros provide usefulness?

I hoard.  Some people are going to tell you it's crap.  Others that it's invaluable.  It's the longest lasting alt. chain to maintain any value.  It's ASIC resistant.

LOL...You're saying that Bitcoin is to US Dollars what LiteCoin is to the Euro? That's a totally incorrect comparison. If you want to be accurate, you can say that Bitcoin is like Tiffani Amber Thiessen and Litecoin is like Dustin Diamond.

LTC is great dont listen to Mrbig. Lets put this simply. You can be a retard and buy btc at all time highs or you can buy LTC before everyone jumps on the bandwagon for a great price. Low risk with potentially great reward. The best thing about LTC to me is that it can help to stabilize BTC price and fuck over the dicks who wont come off any coins because the think they are going to get rich. I say promote and use LTC! There are no real barriers for digital currencies the sooner the BTC crowd realizes that the better. It's not fucking gold and LTC works better IMO.  :) 

I have about 100ltc for every 1btc I own so I guess I have some faith in it. All I can say from experience is that gambling on an LTC site was a very smooth, rapid flow experience. Gambling with btc on satoshi dice was extremely aggravating and unpleasant filled with verification delays. I know gambling is stupid, but that's beside the point. If I send off a bet that is going to make or break me, and I pay the transaction fee, it's not a good user experience for me to chew my nails for 30 minutes plus. Paypal is faster than that. And so is litecoin.  ;)

I think of LTC as a giant bitcoin mixer. What is more anonymous than leaving the bitcoin chain altogether and mixing your coins in the litecoin chain then returning to bitcoin ?

Ill put it another way. If everyone with a bank account buys and sells bitcoins its a lot easier to track people and perform network analysis whereas a chain that has few traditional banking exit points is a lot more difficult.

This is narrow-minded BS.

To the OP, you are getting the right idea. Bitcoon can easily work in tandem with litecoin. The stagnation of ltc is more related to it having to compete with every other altcoin and scamcoin for 2nd place. Altcoin miners are more likely to go whre the short term gains are. The irony is that if everyone supported only btc and ltc, ltc woiuld start appreciating much more.

Hang in there.

@ Thickasthieves Of course you are right. I am going to start only selling LTC to my BTC customers as soon as i get btc-e funded. I am going to start selling them on ebay too. IMO you are a dumb ass if you dont get some LTC.

He is right guys, he is selling so you have to buy, or you are a dumbass

While they are cheap!!!! Hurry up!! lol

Best option for everyone is to mine them not to buy, no matter what your hashrate is. And that only for those that believe that their value is going to up.
I have a few, just in case

But, do whatever you want, noone should follow what i say :)

Whoa I dont care if you buy them, shit mine them and sell them to me. I dont care what you do, but a fool can see that LTC will gain in popularity.

Hi OP,

Here is the LTC/USD chart of the last 6 months:
http://www.ltc-charts.com/period-charts.php?period=6-months&resolution=day&pair=ltc-usd&market=btc-e

Don't forget that Litecoin has 4 times more coin mined than Bitcoin, so 28,800 each day or 864,000 each month. So, there's a difference of 5 184 000 LTC on the market between now and 6 months ago. Price was 0.03999 $USD 6 months ago and now is at 0.06640 $USD.

Bitcoin has been rallying so fast lately that people have tended to cash out altcoins for bitcoins to get a ride on the faster growth-of-value curve. When altcoins are going up in value faster than bitcoin the reverse happens. A lot of the changes are "reactive", people reacting to what already happened, maybe even too late, and magnifying the original change that motivated them to make a move.

Litecoins are, as previous post shows, way up over six months or more. If you're looking for all time lows to buy in at, DeVCoin might look better right now as it actually is ridiculously low. But all the altcoins that I actually have enough of to consider selling are so low right now compared to bitcoin I haven't used any to buy bitcoins with lately because buying bitcoin near its all time high using altcoins near their all time low doesn't seem all that brilliant an idea.

(I don't have enough litecoin to bother selling, that, not it being anywhere near an all time low, is why I have not sold litecoins to buy bitcoins.)

-MarkM-

LTC is pretty level in the terms of fiat. However ltc seems to counter BTC and I expect LTC to do very well once BTC has its "correction".

Anyway, I'm buying.

I talked with a couple people in IRC the other day about what they thought Litecoin's prospects were and at least they seemed not to think Litecoin had much of a chance.

I'll go on the record with my thinking that Litecoin provides "something to do" with your GPU if you want to keep mining with it. Maybe you're looking to mine as much as possible with GPU *and* ASIC. In any case, there is still a huge market of gamers who never mined Bitcoin but will wonder what they can do with their computers once Bitcoin surpasses its all-time high. There litecoin'll be.

Once the miner/user base grows, I expect upward price movement and increased developer focus. I'm not sure it'll come from Bitcoiners though. I'd imagine it'll just be different.

LTC is faster than BTC and more can be sent. Once we reach the transaction limit for BTC people will be forced to use LTC (or fiat) for things like s.dice.

As someone who accepts zero confirmation transactions, I'm not really sold on the faster block rate being the killer app. For a similar level of security, you still need to wait for confirmations and with them coming so fast, you need to wait for more of them. I'm not exactly sure of the math but I think security is proporional to total hashes burying a block. A finney attack on LTC is still way cheaper than on BTC so maybe I'd trust $5 worth to a zero confirmation, $20 to 1 confirmatino. For Bitcoin I'd go $50-100 for zero confirmation and double that for 1 confirmation.

There are some people who seem to think bitcoin cannot tolerate any "competition", somehow being such a delicate flower, its own growth so unsure, that it needs a total vacuum around it, nothing similar on the horizon, in order to have any chance at all itself. All of which is just silly.

I do not want to spend bitcoins until they get to where they are going, which should certainly be hundreds of dollars per coin and hopefully more like thousands per coin by the time they reach any kind of reasonable plateau. Thus it makes a lot of sense to me to have other coins so one one has something to spend that doesn't involve selling off any of one's currently insanely-undervalued bitcoins.

Some people have found altcoins particularly useful as things they can borrow, using their bitcoins as collateral, to buy more bitcoins. Though actually lenders often find it better to implement such loans using options contracts than to get the whole "debt" concept involved, so that they don't get stuck with fiat instead of the actual coins they want in return for the collateral.

(e.g. "For 100 BTC, I will sell you an option to buy 100 BTC for X altcoin, plus a lump sum of Y altcoin" type of constructs.)

-MarkM-

But markm, if everyone just hoards the coins w/o using them they will have no value. Imagine everyone that uses bitcoins, suddently stop and wait for the miracle value.. Litecoin did this mistake, and actually if what you said happens noone will be interested in bitcoin anymore

(while sr exists this will never happen thou, lol)

litecoin is much more developed than btc was in its first 1 and a few months... at this rate...

sure, coz bitcoin hadnt ready code to "borrow" from, developed from 0
Litecoin also doesnt have nothing that is its own "borrowed bitcoin code, borrowed scrypt, voila, LITECOIN"
(That describes every altcoin in existance today)



Yeah i think it wasnt hidden, what you wanna say with that quote? (failed to derail)
If you dont accept it you are a subhuman lol

This is illogical.  Instead of holding any altcoins, why not hold all "insanely-undervalued" bitcoins, and spend them when necessary.  What businesses accept altcoins but not bitcoins?

I fail to see how this leads to borrowers acquiring more bitcoins without exposing lenders to even higher risks.

The borrowers are shorting the coin they borrow. If they want their collateral back, they are going to need some of that same altcoin they borrowed, to exercise their option on the collateral, aka to get their collateral back.

The main risk to the lender is that the shorting of the altcoin will drive down the value of the altcoin.

Some lenders see this kind of lending as a chance to buy cheap altcoins themselves. They can buy what the borrower sells plus if the lender wants the collateral back they also get the same amount of altcoin back plus the option premium.

I don't see a big problem with the system, what is this worrisome risk you think the seller of the option is taking on?

-MarkM-

No one can take away your litecoins or forbid you to use them. The value is completely another matter though. At the current price levels, litecoin system issues $60,000 value of new coins per month.

Do people trust litecoin so much that they'll pay $60,000/month? Maybe... But I'm selling.

There is one function which Bitcoin will provide less after ASICs mass deployed - decentralization - which LTC is still able to provide.

The number of answers in this post shows how interesting ltc is. Check google trends, compare ltc to othe alts and you will  be surprised. I follow ltc very close and the low price right now is due to a number of factors.

1 Delay in ASIC. People was expecting btc gpu mining to become unprofitable before the block reeard halves.

2 Big hoarder selling tons of ltc. More than 300k.inthe las 2 weeks Some people said that is someone pumping NVC

3 BTC rally. People selling ltc for btc.

Price will go up because:

1 is the alt coin with the biggest user base.

2 Clean launch and honest developer.

3 gpu miners will need another coin to mine in a few months.

4 few merchants allready accepting it.

5 payment gateway in develpment.

6 lot of fans.

7 no bad reputation, no SR or scams.(yeat)

And is not so cheap as people thinks. I bought ltc  like 1 year ago at usd0.005 now  near  0.07.


I am still buying and working in projects related to LTC.

LTC is 2nd in my book with BTC being first i think everyone's focus right now is on Novacoin just for profits though nothing backing the coin at least with litecoin you can hold shares in  :D

Litcoin is not dying its living though the tough times  ;D ;D

Litecoin was at the lowest (~ 0.0005 BTC) in February 2012, now it's February 2013 and we see a similar decline (though the absolute numbers are quite a bit higher). It probably has something to do with its natural cycle of evolution. Seems like a good time to buy.

And if you look at the text in the genesis block, you will see that the spirit of Steve Jobs himself is protecting this altchain, so I wouldn't worry too much about its long-term strength and vitality. :)

up 400% in terms of btc in a year. not bad eh?

i could see this happening again honestly.

https://btc-e.com/images/chat/10.png Your comparison was no where near the intelligence level that I'm on. Comparing the coins to people is fucking retarded and stupid, no need to spit some factual bars when you're not ignorant and have realized that Litecoin provides more usefulness than Bitcoin, but your dumb and old ass is in denial. Not even going to try to argue with you but insult because I know changing old fucks like you is pointless. It's alright though, I give it a couple of years when Litecoin is thriving and your old ass is on verge of leaving this world.

--Simran

Nope that's completely false, the only thing that matters securitywise is the # of confirmations, not how fast. 6 confirmations in LTC is just as secure as 6 confirmations in BTC. If you don't believe it, try a double spend attack with a 2 confirmation LTC transaction (BTC would have 0 confirmation at this point), and see how far that gets you.

+1 There've gotta be SOME uses for LTC.

LTC at the end can b sold for BTC. So there's still some value.

WHOOOOA Harsh.

Honestly, I think it's a good comparison. Though it doesn't help me much because I'm a bigtime Dustin Diamond bull at the moment.

Apparently, the whole world is in denial and you're a special beautiful snowflake who has discovered a treasure and now you're waiting for the rest of society to catch up:

https://i.imgur.com/mwdOMF8.png

I buy into this. Fast confirmations is a huge.

Are there any alt cryptos that aren't?

It's true Bitcoin is 100X more popular than Litecoin right now, but Litecoin is in the stage where Bitcoin was in 2009-2010, so it's not really fair to compare interest like that. Litecoin interest has continued to grow, just like Bitcoin did in 2009-2010:

https://i.imgur.com/PxE3Vaq.jpg

I assume Bitcoin is to remain the dominant digital currency due to the network effect, it doesn't make much sense that a copy like litecoin, which doesn't really add any extra features, can be successful. A complementary system like ripple may be worth investing in, or other systems which can be used on top of Bitcoin.

My opinion? No. The only thing that shows any real promise is Ripple. There is no "Litecoin development." They just took the hard work that went into the Bitcoin client and change a few superficial things like the hashing method and the rate of block generation.

They didn't even address difficult issues like the maximum block size problem. Which, in Litecoin, is four times worse than Bitcoin (since there's only two and a half minutes between blocks).

The only reason that Litecoin has any interest or marginal value is because of Bitcoin's success; People who missed the Bitcoin boat are placing bets that they can get another chance if Litecoin skyrockets in value.

It is insulting that a script kiddie thinks he can just take the Bitcoin client, which was developed by thoughtful professionals, and change around a constant to build a better system. No real formal analysis or study went into the changes Litecoin made (or any other alt coin for that matter). Am I supposed to believe that some unknown schmuck has a brilliant insight that escaped the Bitcoin developers?

To me, Litecoin is like a snot nosed 13 year old taking a brush and adding dreadlocks to the Mona Lisa.

Litecoin has a different mining algorithm, 4X larger block size, 4X faster confirmation time, 4X more divisible. I wouldn't call it "doesn't really add any extra features". Bitcoin is facing the problem of reaching block size limit, there wouldn't be a problem if Litecoin was used as silver(transactional currency) and Bitcoin was used as gold(reserve currency).

I like the idea of litecoin, and I am going to support it in my business...... but. The lack of support for it has thus made it extremely hard to implement any thing in the way I have for bitcoin.
This kinda sucks cause it means I am going to have to do all the LTC transaction authorizations and stuff by hand.

Explain to me why litecoin max block size is "10 times worse" than bitcoin? litecoin has 4X more blocks, so it in fact has 4X more max size for the same amount of transactions. For example, if both BTC and LTC is doing the same amount of transactions. If Bitcoin average block size reach 1MB and hit the limit, Litecoin would still be at 250kb, far from hitting the limit. How is this considered "10 times worse"?

If Bitcoin truly faced problems due to it reaching the block size limit (which I doubt), much better solutions than Litecoin could be thought of. The different mining algorithm isn't really a feature, it's just there to make sure Bitcoin miners can use their CPU to mine for litecoins while leaving the whole network much weaker. The faster confirmation time is pretty much useless. I consider Litecoin and most other altcoins to be elaborate scams to profit from Bitcoin development.

I thought Litecoin used 1 minute blocks, my mistake. I updated my post. So, the max block problem is only four times worse. Here's why:

If having a maximum block size is a problem, then both Bitcoin and Litecoin will suffer from it. Litecoin does quadruple the maximum rate of allowable transactions, from Bitcoin's 7 per second to Litecoin's 28 per second. But 28 is still quite low for many purposes. Both Litecoin and Bitcoin will need to raise the maximum block size at some point.

With Bitcoin, a miner has 10 minutes for it to download a new block, while there is 2.5 minutes for Litecoin. Let's say that a block takes the average node 10 seconds to download. In Bitcoin that corresponds to 1.67% of the time between blocks. For Litecoin, it is 6.67%.

Now imagine that we double the block size (a conservative measure). The amount of time consumed by downloading now becomes 3.33% for Bitcoin, and a whopping 13.33% for Litecoin! The Bitcoin network has lost 1.6% of its total hashing power, while Litecoin has lost an astounding 6.66% of its hashing power. Every increase in the block size will hurt the total hashing power of Litecoin four times as much as it would for Bitcoin.

The reason that hashing power goes down when block size goes up is because mining cannot begin until the new block has been downloaded. Since the time between blocks is constant, any increase in the time required to download will cause a decrease in the amount of time available for hashing. This is true for both Bitcoin and Litecoin.

The point is that the "developers" of Litecoin are not really developers at all. They took Bitcoin and simply hacked it without having the knowledge and experience of true cryptocurrency developers.

Litecoin is a fucking joke.

You can use GPU to mine litecoin, the scrypt algorithm was implemented to prevent ASIC from having a big advantage over GPU. The network is not weaker for it, but in fact stronger, since GPU is still viable, it wouldn't be controlled by a few rich ASIC monopolies that could afford to invest in risky/specialized hardware that can't be used for anything else.

I wouldn't call 4X faster confirmation useless, like I said before, I can be pretty certain a 2 confirmation litecoin transaction is secure, while a bitcoin transaction would probably still be 0 conf at this point. The time saving is immensely useful for services that require 3-6 confirmations.

Cheap ASICs allow a much bigger audience of users than buying backplanes with tons of slots, an array of video cards, and elaborate cooling systems. Case in point, I have never mined using GPUs or FPGAs because it's too expensive, cumbersome, and bulky. But I did place an order for a $150 BFL Jalapeno. I know many others in the same boat.

Your premise that ASICs will centralize control is completely false. Just the opposite in fact, ASICs further decentralize the network by lowering the barrier to mining accessibility.

You left out the fact that the first two doublings of amount of block space per ten minutes have already been done in litecoin. So when bitcoin first doubles, litecoin already did that, nothing to do yet. The next time bitcoin doubles, it finally catches up with where litecoin already is. It is only after that that litecoin needs to keep up; so far it is two doublings ahead.

Not to mention (but I will anyway) that litecoin already accepts that parallelism gets more scalability than serial increase. More blockchains is more scalable than bigger blockchains. Litecoin embraces that by already itself being an additional blockchain; some bitcoiners still seem to think it is vital to have only one blockchain in the whole universe, that bitcoin is so fragile, so precarious, that any other blockchains are a threat to it.

-MarkM-

I'm not convinced that downloading a block could be a big problem, since given that both Bitcoin and Litecoin mining has operated for a long time without problem, and Both coins has never been successfully attacked by 51%. Decrease in hash power is the same for everyone that has to download a block, so what's the problem?

Whether Litecoin developers is competent or not, is your own opinion. I think Litecoin works well enough and they did a good job if they are not true developers. Litecoin is based on Bitcoin, so as long as Bitcoin has true developers, Litecoin can just keep using Bitcoin development as a basis. I don't think it's a problem.

  I made some litecoins and exchanged them to bitcoins. I dont see the point in an alt chain, besides as a mixer for btc.

Not really. Lets say that both Bitcoin and Litecoin blocks average 500 KB each. Now, imagine that the transaction volume doubles for both currencies, producing 1 MB per block. We're still under the block limit for both currencies. However, Litecoin will suffer four times the amount of reduction in hashing power.

Reading comprehension for the loss. Do you understand that increasing block size means decreasing hash rate, and that Litecoin will lose hashing power four times as quickly as Bitcoin for the same increase in transaction volume?

Problem is currently Bitcoin developers has no plan to actually create a hard fork and increase the block size, because a hard fork may weaken the confidence in Bitcoin. So it's possible for Bitcoin to remain 1MB block size and become a reserve currency. Litecoin can step in and handle the daily small transactions. Even if when a hard fork is required, we can just fork Litecoin, which would have less significance, and leave Bitcoin forever untouched as a reserve currency.

Yes I understand your theory of losing hash power, but what I don't understand is why is that a problem? the decrease in hash power would be the same for everyone that is mining, correct?

No, and no. The decrease in hashing power for a particular miner is in inverse proportion to their bandwidth. The miners with the highest bandwidth, will lose very little hashing power while the miners with the lowest bandwidth will lose the most. Litecoin's fast block times makes worse the very thing that they hoped to solve: centralization of miners.

But even if we ignore the centralization of mining power, the total hash rate is what determines the security of the coin. Both Bitcoin and Litecoin will lose some total hashing power as transaction volume increases, but Litecoin will lose hashing power four times faster. That means that Litecoin's security goes down four times as quickly as Bitcoin as transaction rates increase. This is a good thing?

Major math fail above.

The amount of data that needs to be stored in the block chain for X transactions is essentially identical for LTC and BTC.  Difference is that LTC spreads it over more blocks.  As far as block-CHAIN size is concerned, the LTC chain will grow in size faster due entirely to there being more blocks generated NOT because of transactions.

If BTC and LTC had the same number of transactions per hour (and it was a large number such that the per-block overhead was pretty irrelevant) then each LTC block would be 1/4 the size of a BTC one - but there'd be 4 times as many of them.  That ends up being the SAME amount of data downloaded per hour.

IF your argument is that LTC having block-sized doubled more times makes it worse then problem is that IF there were sufficent transactions to NEED that extra space then you're arguing that LTC is worse because it does it slowly whilst BTC can't do it at all.

THis bit shows your ignorance at its best:

"With Bitcoin, a miner has 10 minutes for it to download a new block, while there is 2.5 minutes for Litecoin. Let's say that a block takes the average node 10 seconds to download. In Bitcoin that corresponds to 1.67% of the time between blocks. For Litecoin, it is 6.67%."

Well if it takes the same amount of time to download for both and we already know there's 4 times as many LTC blocks then you're comparing an LTC with FOUR TIMES the transactions/hour of BTC to BTC then whining that it would be 4 times as bad.  Hardly a surprise is it?  If there's 4 times as many blocks then each block is going to contain 1/4 the transactions and be about 1/4 the size (assuming same rate of transactions/hour) and will take 1/4 the time to download.  Surely that's not too hard for you to understand?

The unstated assumption in my analysis is that the transaction volume for Litecoin is four times that of Bitcoin.

Regardless, Litecoin is still crap.

Well litecoin seems to have initially targeted people who want to buy their bubblegum now now now not waiting ten minutes, so really if fastfood serving speeds at the checkout is the priority maybe losing the price of a pack of bubblegum now and then is worth it to get the checkout working faster, to these people?

If we want something really really super-secure, forgetting impatient now now now consumer-level applications entirely for super secure "your new Rolls Royce will be ready at the end of the week, please send the payment today so it will clear by the end of the week" applications we don't even need the ten minute blocks we can go with hourly or every twelve hours or every 24 hours and get oodles of hashing done on each transaction sufficiently hefty to be worth using such a chain for instead of trying to buy your Rolls with litecoin or even bitcoin.

Hmm maybe a Rolls with bitcoin, what the heck, maybe it is a consumer item for rock stars and such. But a fleet of a thousand cars for your car rental franchise maybe could go on the slow chain instead of the bitcoin chain.

-MarkM-

First, a 1MB block takes less than a second to download for even basic home broadbands. Plus, most people mine on a pool, I would hope a pool is hosted on some good bandwidth, otherwise it's not a very good pool/host.

Second, yes large total hashing power is good for security, but since the decrease in hashing power is the same for everyone, what is the problem? I don't really understand your logic here. It would only be a problem, if some miner can avoid the decrease of hashing power and gain an unfair advantage over others.

So you're assuming it has 4 times the transactions then complaining that the block chain being 4 times the size is the problem?

If that argument makes sense (it doesn't) the surely the current situation where there's a lot LESS transactions on LTC means LTC is the better currency?

What a dumb argument to make.

No, I'm saying that if both currencies are successful the transaction volume will be more than what the max block size of either currency can handle. The complaint is not the size of the block chain but the scale of the loss in hashing power.


You could say that the decreased transaction volume of Litecoin produces less loss of hashing power in the case of a future increase in transaction volume. That doesn't make LTC a better currency. All else being equal, the inability to mine Litecoin with ASICs makes it worse than Bitcoin. That the "developers" of Litecoin made ASICs being unsuitable as a design criteria points to their ignorance.

Litecoin is crap.

Who told you Litecoin can't be mined with ASIC? ASIC can be made for Litecoin, it's just the advantage is smaller over GPU compared to Bitcoin, but there are still big advantages. If Litecoin market cap goes up to the point of 300M like Bitcoin, I guarantee there will be ASIC for Litecoin. It's just that GPU mining in Litecoin won't be easily made obsolete if you have cheap electricity.

You still haven't explained why decreased hashing power for everyone would result in a "big problem"?

Let us know when that jalapeno comes in

LOL... "any day now". No, really!

It's funny when Bit coin users expect LTC to be just as valuable and popular as BTC. Please fucktards, open your mind

Nobody expects Litecoin to be as valuable and popular as Bitcoin, that doesn't even make sense. The point is, that many altcoins are only created to benefit their creators and have no long term future. And I can think of a few scenario's in which Litecoin can be somewhat useful for a specific purpose, but not so much that it's a good idea to pour any money in it.

How about when Bitcoin becomes no longer profitable to GPU mine because of ASIC introduction in the next couple of months?

Go back and look at the BTC charts for price and difficulty.  In 2010 when GPU mining began, the hash rate of the network skyrocketed while the price largely stagnated.  Then, in 2011, the price exploded, following the difficulty instead of the other way around.

This is the whole reason Litecoin has survived this long and continues to survive.  People want to eventually get rich, and they're buying it and holding it.  We're already 3/8th of the way to block reward halving, and it keeps going every day.

Oh really? So, how did coblee benefit from the creation of Litecoin? LTC donations?

Mining early on and waiting for suckers who buy in hoping to find the next Bitcoin?

Most who know about litecoin aren't searching for it. LOL

hardly a good argument:

"look at DA red chart. See bitcoin is gooowd. Blue laheeen is bahd"

To think another alt chain cant compete is ignorant. Bitcoin is still tiny and the world is still huge for adoption.

 ;)

There are 333 times more people on the planet then there will ever be bitcoins. If only 1% of people were to transact in bitcoins there would be 1 BTC per 3 users. Also, the bitcoin rich will always be hoarding tons of coins, so the real ration would probably be more like 6 users to 1 BTC.

If I was a newb in 2020 and someone told me that I could buy 0.1 of a bitcoin for a huge about of money, or that I could buy 10 litecoins for a small amount of money, and that they both worked the same way and had a lot in common etc..., I'd be inclined to explore litecoin "just cause". This next remark is very unscientific, but it's like there would be/is a natural hierarchy that forms, re: Gold -> Silver.

Does this idea go against the ethos of bitcoin?

The situation is actually quite similar.
The decline a year ago was partially caused by the lack of interest/attention from developers (no updates to the client, no news).
Then it exploded when coblee released a new client after a few months of silence.
Guess what? coblee is working on a new client as we speak! :)


It's fairly easy to imagine that LItecoin would match Bitcoin's popularity today in a span of a few years reaching a few hundred millions USD in market cap (doh.. if those USDs are still around). That doesn't mean that Bitcoin will stay where it's at today.

Remember that Litecoin is just 1.5 years old and it already has a lot going on for it.
1) A diverse ecosystem of pools with Stratum support and P2Pool.
2) Several exchanges for BTC and fiat currencies.
3) It's own stock market (one of the best in the industry) with satellite Bitcoin stock market trading shares of the whole company denominated in LTC.
4) Add to the mix that Litecoin blockchain will get all the optimizations earlier in its evolution (compressed public keys, pruning, etc) to avoid bloat and you are looking at a very neat and clean currency with a lot of loyal users and great potential.

To those who question the competency of Litecoin developers, I would like to remind that Litecoin survived multiple severe transaction spamming attacks in the past (holy war with Solidcoin) and coblee did a good job to provide solutions for them as quickly as possible. The fact that Litecoin is heavily based on Bitcoin was a design decision from the start and it definitely has its own pros.

Can you be specific? There is probably help if you let it be known what you need.

Oh right, because Bitcoin is open source for no reason because it's perfect the way it. Open your eyes, dumbass. It's open source so someone can build off it. There's nothing wrong with trying to recreate Bitchcoin's success with another coin. You guys scared? If it's useless, then don't bother other people about. You guys stingy that only Bitcoin can be successful and should be the only cryptocoin that should exist?

Hard to read but +1 the btc crowd is stingy. That is why LTC will grow fast and if LTC users become stingy some other coin will take its place.

I think it's both. Both cheap and dying. But thats just me.

I notice though there are a lot of newbies around now taking a new interest in LTC. I would enjoy seeing it's return if anyone wants to pick up the torch.

I am going to blow it up as soon as my liqpay processes and get my address verified. 

No I'm not scared that Litecoin will become a success at the expense of Bitcoin, it's just that I doubt that Litecoin will survive due to network effects. For me it's like VHS and Betamax, it doesn't matter which is best, but there can only be one winner. Two almost identical yet incompatible blockchain's happily coexisting just doesn't make sense.

What would be likely however, is that complementary systems are build on top of Bitcoin, such as mixers, services for fully anonymous and instant money transfers and the like. These services would be designed for these specific purposes and would use BTC as their underlying currency.

Do the math. There really isn't much advantage Coblee had in terms of mining.

LTC back then was $0.005 so he might have made $200 or so...who knows. There were many people mining LTC when it launched.

Obviously you weren't there when the accouncement of the launch (in advance) was administered.

No premine. No shady release and bribing of exchanges.

This is what I see....^^  :D :D

BARHARHAR!
But it's not like he bet the ranch of BFL... All he bought was 1 Jalepeno.

Point: Would I rather have vaporware or litecoins....hmmm?

I choose litecoins lol.

OK I'm kinda out there/tripping tonight but here's my musings for what they may be worth.

Everything in (physical) existence is a duality (this includes virtual stuff), best known are things like like day/night, energy/matter, male/female, yang/yin, hot/cold, Coke/Pepsi, PC/mac, Etc/Etc - a piece of paper has to have two sides & anything that comes in to existence brings it's other side in to existence also, they can compete/cooperate & everything in between but there will always be an Alt, whether it is Litecoin or another alt to Bitcoin I couldn't be sure but atm it is by far the most likely candidate imo & so therefor well worth keeping an eye upon at the very least, there are niche markets where it may prove very successful & dedicated talented people working on applications for it  - I am actively building a stake in it atm - which you can find it somewhere on http://forum.litecoin.net/index.php/topic,608.0.html hopefully, if you like.

6 confirmations are 6 confirmations. Where did you get the idea you need twice as many or something to be on the safe side? Not true. Please read some more before stating such nonsense.

I agree! Good call.

Yeah, I purchased it with the understanding that I could accept a total loss.

I agree? Good call? You're the dumbass that doesn't even like Litecoin.

Yes, he's right that search volume for Bitcoin versus Litecoin likely suffers from selection bias.

Litecoin is still crap.

Your face is crap, nigga pls. That's all you can say because you're just jealous that you didn't catch the LTC train :trlf:

http://cdn.memegenerator.net/instances/400x/35449165.jpg

Seriously why spend so much time hating on LTC?

People who repeat that something is "crap" are not to be trusted.

Thanks, disclaimer201! :) He's stupid.

So what was your point? lol

Everybody here is probably one or more of the following I'm 1 and 2

1, invested into Bitcoin (time and/or money)
2, invested into litecoin (time and/or money)
3, invested into other altcoin (time and/or money)
 
Lots of people who have bought Bitcoin from me have not been a member of this forum, I think for the majority of average jo's who don't dig down into the nitty gritty about Bitcoin they are going to see Litecoin as
 viable alternative an indicator that crypto-coins could indeed be the future. I think this notion of Bitcoin only Bitcoin even if technically it would be the best course, is simply a short sighted view on crypto-coins progression going forward.

3 too just got some ripple in my wallet  ;D

we should get serious about this and form a fundation to pay the developers!!!!

Cheap means undervalued.  if you think it's dying, then it's expensive.

its called failed logic lol...

no wonder he loves TRC....(CR i'm just playing)... :D

oh really? you compared two systems with 4 times difference of transaction volumes? 
http://www.ripoffreport.com/Owner_a1c5ec88-b9cd-4b6b-a017-b9647447dcc4/Item_c36981ac-a85a-4fe5-ad06-592e992032e0/Attachment.ashx

Oh, he is absolutely stupid. Join the club :\

All I can say is that I have bought products with Litecoin and have invested in Litecoin businesses on a Litecoin stock exchange.  Hmm, not sure I can say, or even do that with any other cryptocurrency(Edit:Besides BTC).  You tell me...

You can do that with BTC too but it is not as easy.

I think Litecoin still has some key attractions, it's an alternative. it can make use of spare GPUs (especially after ASIC dominant). But the problem is not Bitcoin, Bitcoin is grown up and has no threat to Litecoin (they have different living spaces). The problem & competition lives in other alt-coins.

It will never pay off.

4 to 6 weeks right?

I see some bets coming out of this  :D

If I got that printed on some T-shirts maybe I could sell them to the LTC fanbois.

Bad reasoning. Coke/Pepsi are competitors, but there is no reason there has to be only two. What about Ford/Chrysler/GM?

"a piece of paper has to have two sides", except if it a Moebius strip, in which case it only has one side!

Bad example. Two of those companies have been driven into bankruptcy and have received goobermint bailouts.

I'm pro LTC btw.

OK, then how about Ford/Nissan/Kia/Toyota/Honda/Hyundai/BMW/Audi? My point remains, there can be more than one competitor in a market. Likewise the PC/mac dichotomy leaves out Linux.

One can always sub-divide, every duality probably has it's own sub-dualities Ad infinitum, the Moebius strip if made from a piece of paper, that paper has two sides - it may be then formed into the continuous strip but the paper has still got it's two sides, if this isn't obvious to you then forget it.

I'm not saying that everything is only black or white, but that if you have one then you must have the other.

re: duality

I've always felt like there was an underlying duality in our world stemming from how for millions of years we've been bathed in light for some of the day and cast into darkness for the rest of it.

Everything, like the Yin/Yan, good/evil, or paper having 2 sides (i guess) is in some way our interpretation or expression of our evolutionary background. Looking forward, I don't see humanity as being guided quite as much by the physical features of our local environment. These primordial paradigms are not as crucial to the human experience, and to survival. We are in an age where our imagination, and our understanding of the effects of much bigger universal paradigms will be necessary to ensure our survival.

I think in a sense what I am saying is that there is value in litecoin, like there is value in bitcoin, and in anything else that is cutting edge and moving fast. It's the "evils" of traditional systems of economic and political control that we need to shed before it's too late.

Today's volume comparison on BTC-e

NVC/BTC - 299 BTC

LTC/BTC - 223 BTC


People still have faith in litecoin and its not dying. NVC is over valued. 

Regarding cheapness

Current price LTC/BTC = 0.00219
                               =0.00219 * 30.5 = 0.066795 LTC/USD
                               =(which little less than 0.0669 LTC/USD,its current price)

So,its not cheap on absolute terms in USD,its due to the surge of bitcoin in last 20 days,it seems cheap with respect to bitcoin.

come back in a month and let us see if NVC has vol over 9 btc. This will die faster than PPC

Our small casino sees regular litecoin players, they could easily play the exact same games in bitcoin / ppcoin/ terracoin but chose litecoin.

There is no doubt it is well supported by its community, our only fear is that the complete stagnation of development will eventually turn away new adopters in favour of newer shinnier coins.

We do wonder if NVC had a more sane launch could it have and disposed LTC due to:
updated code, current support and newer more interesting technology offers (Scrypt + PoS does sound interesting).

Koddos.com or Kovpslayer accept BTC as well as LTC

For experience of selling using both, I could say LTC is much faster transfered and confirmed. What it mean for a customer ? Paying with LTC, He will get his hosting detail infos faster than paying using BTC.

As seller I can wait 1 or 2 hours more, but the customer often like instant order, impossible with crypto and confirmation. Also an order paid with LTC will be provided faster to a customer than a BTC order.

i've been trying to find the litecoin network hash rate..

http://www.litecoinpool.org/stats
https://vircurex.com/

these 2 sources indicate its about 0.5 Ghash/s.... that seems really low... like 1 GPU for the whole network?

please explain where i'm messing up cuz i assume i'm wrong here.

your avatar says it all :)

it was a legit question.. theres clearly something i dont understand about litecoins or the network.  would appreciate if somebody could clarify for me. thanks.

You need to take into account the fact that litecoin uses a different mining algorithm, which has a hashing speed around 1000 times slower than bitcoin's. So as I understand it a litecoin hash rate of 0.5 Gh/s would be the equivalent of a bitcoin hash rate of 500 Gh/s.   

More or less this.

Litecoin uses scrypt algorithm, which is roughly 1000X slower, so 0.5 Ghash/s is actually about 500GH in Bitcoin term, BUT there's another twist, scrypt not only require processing power, but also memory, for each GPU, you'll need roughly 512mb - 1GB of RAM per GPU depending on your GPU power. So it is slightly more expensive in this aspect, so I believe 0.5 GH is more like 750GH in Bitcoin terms, given that significant amount of fast RAM investment is required to mine.

Overall Im very bullish on LTC, because the value right now is so good and the upside is so so big. When BTC gets even bigger, say $50 per BTC, I think LTC will really start jumping and withing 2-3 years I could easily see LTC being at 1:1 parity with the $USD. It doesnt take a mathematicologist to see the benefit in holding a few thousand of them. Also, a lot of GPU miners people will start mining them when ASIC hits and they give up on BTC, and more people holding onto LTC means more people buying stuff with them, a bigger economy, and the huge benefit of being BTC's little brother when BTC really hits the mainstream.

The http://litecoin.org page has been updated.

good work on coindl.com weex, sweet site

As a newbie to Crypto Currency I am being reminded of the Linux Distro wars by all this name calling!

Red Hat, Slackware, Debian, Ubuntu and Android all started from the same place, but each lead to the next, and with some real commercial thinking, ended up in the mainstream minus most of its idealism and technical issues! ;)

The point I am trying to make is that in the grand scheme of things, its very rare that the inventor of a new form of anything becomes the dominant player in the market they create.

The names from the past haunt us, Commodore, Atari, Yahoo, Compaq, ICQ, to name just 5 companies who were 1st to market, but are no longer known for doing what they started!

Litecoin seems a good idea, and we will all make a little profit from it, but I doubt that either bitcoin or litecoin are going to be the names that pop over the tipping point of mass acceptance.

That is going to take a lot of dollars!

In hardware, and to a lesser extent software, yes the first mover rarely have the last laugh. But on the web, it's a different story, first mover has significant advantage. Case in point->Youtube, I can't see how another video site can topple youtube's dominance. or Google the first site to build a good search engine in 2003, is still the dominant search engine 10 years later. or Facebook, first real name SNS from 2004, still the dominant real name SNS 9 years later.

When having these discussions, people usually bring up Facebook on the other side of the argument, as the supplanter of MySpace. Could you go into more detail of how Facebook was something new, rather than just a better version of MySpace? Also, Google is usually said to have replaced Yahoo as the dominant search tool, could you elaborate on that too?

Yahoo was never a real search engine, it started as a directory site, and added search as an after thought. It never had true search engine capabilities. After Google's success, Yahoo tried to compete by purchasing the search company "overture", but then it ran that to the ground, now it just uses Microsoft's Bing.com engine, Yahoo doesn't even have its own search engine now. Google on the other hand started as a true search engine and built many things on top of that, but search is the foundation of Google.

Myspace is just an upgraded version of Friendster, both lacked a large amount of essential SNS functionality that Facebook later developed. Basically, MySpace and Friendster were early, but they lacked function, they do not even utilize ajax, which Facebook heavily used. I could send message to my friends, post status updates, upload pictures without ever refreshing my Facebook page, impossible to do with MySpace. Also MySpace allowing the user upload insane amount of crap on their page, didn't help. I remember 90% of MySpace page were littered with autoplay mp3 and video, flashy effects and colorful backgrounds. Google was right, speed is King. The average MySpace page took 5-10 seconds to fully load, on the other hand Facebook was lightning fast to load and use.

Uh I remember using yahoo in 1996 or something, for searching so it definitely had search engine capabilities before google came along.

First rule of history, the victor writes it!

Youtube started as a hot or not site, but added video - bought by Google 18 months later, for far too much money, and slowly an attention monopoly is created!

Google were very late to the search engine party - I was using it in 1998 because it was the one that worked, and it was cool, unlike Altavista which looked awful!

Facebook didn't really add anything new to what already existed - except exclusivity - it was the social network you couldn't join unless you were in Harvard or a another nice university - so everyone wanted to join!

All the social stuff had been invented earlier and worked well for ICQ in 1996, but without that mainstream push, nothing happened - although ICQ became QQ and is being used by the Asian half of the world today!

The history of bitcoin will easily be as exciting to read in hindsight! :)

Yes it had search, but so does bitcointalk, you wouldn't call it a search engine. Yahoo was a directory site at its foundation, not a search engine.

yahoo in 1996:
http://static.flickr.com/54/132413587_f70e98e578.jpg?v=0

It's called Altavista.

http://en.wikipedia.org/wiki/AltaVista (http://en.wikipedia.org/wiki/AltaVista)

oh God I feel old  ;)

Facebook initially was unique with a nice clean interface, and private networks within a university. This uniqueness and how it kind of made college socializing a bit different and more interesting caused it to grow greatly in popularity. Over time as it got released to more and more people it just kind of took over the scene.

I think LTC would be perfect for arbitrage traders to jump funds from one xchange to another.

Sometimes one needs to do that in something other than B, and doing it in fiat is a slow, expensive hassle...

Seems that if more xchanges besides BTC-E offered LTC funding, that would help arbitrage traders, and all xchanges also.

Maybe i am missing some reason why the xchange operators are not doing that?  ???

perhaps if vircurex can get their act together

I actually hope none of the current xchanges get their act together, and all the B trading moves to a cheaper, distributed, p2p platform, such as Ripple, once they build up the trading infrastructure, or a dark xchange, if necessary.  8)

The centralized xchanges are really part of the old Wall-Street-middlemen trading model, which is kind of annoying, and should go away with the banks asap, with all its insiders, KYC, AML, self-serving regulations favoring the largest traders, too-big-to-fail, etcetera.

As it stands right now, we simply traded the old, expensive, centralized, banking/brokerage middlemen for cheaper ones...  :( 

I'm pretty sure you can deposit and withdraw LTC on all of the major altcoin exchanges.  I haven't done it, but I have done it with Terracoin.

Perhaps, but the ones that really matter are the top 5-10 B xchanges (http://bitcoincharts.com/markets/). Of those, i think only BTC-E works with LTC, right?

In any case, i hope they all get replaced soon with ripple, or a dark p2p xchange.

I criticized and disagreed with jed on the way he envisions a good xchange, both when he owned MtGox and afterwards, but i think he was wise to unload MtG. He is smart enough to see that MtG and the like is the past of xchanges, and the future is with the ripple p2p model he is developing now. I am grateful for that, and wish him well!  :)

Thanks nameface. Epicly derailed thread is epicly derailed.

BTC-E is by far the largest Litecoin exchange.

But several vocal Litecoin groupies have decided to boycott BTC-E as a result of their hissy fit over their support for a second scrypt-based altcoin.

ASICs should recharge Litecoin's batteries once they drive difficulty out of sight for GPU miners.

I think what's needed is more uses for LTC. Using it as an cheap arbitrage pipeline between exchanges would increase its usefulness.

Maybe the LTC community should lobby the other B xchanges to do that..

One could probably come out of BTC-E to ripple in LTC, xchange to BTC there, and arrive at another xchange in BTC.  ???

But it would be more useful to leave one xchange in something other than B or fiat and arrive at another  in something other than B or fiat, such as in LTC.

For quite some time now, speculative interest has been flowing out of LTC to BTC and newer shiner stuff, this outflow seems to be drying up.

Looks like it's ready to catch a fire, just need a little sparkle ...

Take a look at Ripple. When it gets more wide spread you will be able to use it to send USD from one exchange to another as easily almost as sending bitcoin.

Right. I mentioned that earlier. That would be a 2-hop process though, with all the accompanying rules when moving USD, so that the US.gov doesn't come after them.

I am hoping the whole trade can just happen on ripple, or OpenTransaction servers eventually. Until then, it would be useful for arbitrage to be able to move funds in 1 hop from 1 xchange to another with LTC.

+1

Now a new question: is litecoin difficulty really going to spike, and will that bring the price back up?

A new exchange coming soon to offer new alternative to btc-e, Mtgox... More infos (the demo)coming in next days.

No, actually one can't do that, unless BTC-E becomes a ripple LTC gateway. Do any of you the BTC-E regulars know whether there is any talk or plans of that at BTC-E?

looking forward!

Awesome, can't wait!

umm.. the price of litecoins has remained pretty constant at around 6-7 cents USD each..

its BTC that has catapulted up in value, while LTC has stayed put

If you can setup a LTC to XRP gateway you would kick btc-e ass.

Noted anyway this exchange will be owned at end I think at 50% by communauty and a thread will be opened to get all idea from future users. Demo will be announced tomorrow :)

LTC price is up 5 cents to over $0.11, outpacing bitcoin massively over the past few days.

Will it take Terracoin?

Yes it will take all non-scam alto. Domain and demo will be announced in next 12 hours on forum.

Looking forward to welcoming you to the exchange scene and trying out your services. :)

... I guess it was really cheap.

still cheap. I was hoarding pop corn for the month to come :-)

I think it's still a great buy.

There's some big announcements coming soon. I know a ltc payments processor is in the works, essentially the litecoin equivalent of bitpay... this will make it easy for online stores to accept payment for goods with litecoin. Think about it, that is going to provide stimulus to the litecoin economy. Plus there's going to be people switching over from bitcoin mining to litecoin mining with the ASICS coming out. That mined money will trickle up through the litecoin economy.

I've put my money where my mouth is and own some. I don't believe in the future there will be just one virtual currency... competition springs up everywhere and is healthy and in fact desirable.

I should have a GUIminer out for GPUs next week, with any luck.

Sweet, I don't think there are any of those yet..?

Taco is LTC king  ;)

anyone notice LTC was over .14 usd today?  ;D

Yup, its officially DEAD  ;D

volume traded on btc-e was about 1,250,000 ltc.

yeah, pretty dead lol.

... I guess it was really really cheap.

21.5 us cents...

I guess so...  :o

Buying a Litecoin for $1 is less frightening than a Bitcoin for (soon) $100. Litecoin is still a good game for speculators!

litecoin appears alive for speculators but development seems stagnant to say the least.
We are still hoping that someone, anyone resumes  development and addresses the disproportional fees.

Which came first the chicken or the egg ? Speculation or development ?

Does a higher price draw in more development like air into a vacuum ?

I often wonder if there would be any interest in setting up a development fund for LTC.

It would surely be a worthwhile investment for many of us.

soon :)

You will be welcome :) Demo can be seen here

https://crypto-trade.com

Guess litecoin was very cheap a week ago.

Impressive how LTC is keeping pace/outpacing BTC. I'm supposing a lot of semi-knowledgeable cryptocoiners are getting bullish on BTC and funneling a lot into LTC as well.
I don't think Joe Someguy who heard about BTC last week and bought a few yesterday is buying LTC.
I'm curious what will happen to LTC prices if BTC crashes, re: is LTC a hedge against BTC price? Or is it just a tag-along.

Something interesting that happened since I started this thread is LTC crushing NVC.
They were trading at the same price and now 1LTC can buy 5NVC.

I think its dying, now more than ever.

LOL not saying NVC is any good but you need to find your glasses  ;)

By whos prices? Right now 1LTC = 0.00448 BTC, 1NVC = 0.0093.

Give it some time. LTC is the next rocket.

Amen.

Some people are gonna be kicking themselves 1.5 year from now when they look back at how cheap they were. Even now they are ridiculously cheap. All of my wage packet this month will be going into them.

By the retarded prices of my stupid head. Sry, I failed hard there. But my point is valid, no?

Today's volume of trade till now, on BTC-E

LTC/BTC = 3075 BTC

NVC/BTC=202 BTC


Clearly here NVC is dying  ;D

I think , as mentioned earlier, there is a VERY good reason WHY Litecoins are useful..

You can trade them for Bitcoins and wash your cash. There is no other crypto left that is stable and isn't dying..

There's always batman AND ROBIN!

So it may be the case that just having 2 types of coin is better for strange and wondrous reasons.

LOL either you were so wrong, or just trolling the price down to buy more cheap lol....either way price is still going higher.

 :P

"... for strange and wondrous reasons"

http://forum.litecoin.net/index.php/topic,1370.0.html

Humbug.

LTC will fill a niche that BTC can't.  It and several other currencies will rise and complement (as opposed to compete with) BTC.

Litecoin is really really cheap right now.

In general, any altcoin is really really cheap if you can get it for less than a dollar per coin, except possibly DeVCoin which is designed intentionally to be worth no more than one thousandth of typical 21-million-coins-cap coins such as bitcoin.

-MarkM-

Actually I got into BTC just 2 weeks ago (though heard about it 2 years ago on 4chan...but could not buy in because of the country i was living in)

anyway i finally go some BTC and the first thing I did was diversify  within the first week onto several crptos

There must be room for another coin and BTC may not be the winner in the end....so diversify...

further I reasoned that some other coin at .00001 BTC can go to 0.00100, much more easily that BTC can go from 30 to 3000$

I risk 1 BTC and may gain 100 its a no brainer

Most of the Litecoin naysayers in this thread have been proven wrong.  Had they been smart enough to invest in LTC, they would have made a ton of money.  Their near religious faith in BTC at the expense of any other cryptocurrency has cost them a lot money.  Their loss. (Laughter follows here: Hahahahahaha.)

That assumes of course you weren't being trolled in the first place, and all the LTC haters aren't actually the LTC hoarders trying to keep the price down so they can buy as many as possible at a nice low price.......welcome to crypto. (Sinister laugh follows here. Hahahahahahahaha.)

The problem right now is that LTC trade volume is so low that trolling actually makes a difference. I've seen firsthand how the trollbox has pushed the market in one way or another, way too often to be coincidence.

Just need moar goods and services in LTC. Atlantis and Hashr are good starts.

Excepttt.... when people are using it to trade up to bitcoins. Wish/hope you didn't listen to this guy during that week OP ><

misterbigg is a dumbass.

The week(s) he was talking shit about Litecoin were the few that were just before Litecoin's bullrun up to $0.75 from $0.075.

Good job dumbass (misterbigg). How is that bitcoin-elitist-kool-aid tasting now?  :P

Another BTC 'cultist' who has given horrible advice. Thats corpse number 1345 on the list of roadkill who have been doubting LTC since March 2012 and been dead wrong every day  ;D

These guys are exactly like the brainless gold bugs who just chant the same BS all day just to protect their own little bubble of wealth.

Newsflash: cutting edge technologies have twists and turns that no-one can predict perfectly. First to market doesn't usually mean jack in todays fast paced, low barrier to entry tech industries.

Competition is healthy and in my opinion the crypto-currency sector must have several actors in it for it to be succesful in the real world. If not the idea is simply not as great as we believe and we are all wasting our time here..

EDIT: I own gold, silver, btc and ltc so I am not biased.

Nice portfolio! :) I concur, and to ensure that my own very similar portfolio remains *MY* portfolio I also invest in lead. ;D

While you're at it invest in BFL = Box of Fans Laughing

ROFL i own Silver LTC and BTC  :D

Off topic alert , anyone bought rhodium ? Baird and co. uk and Cohen mint US, starting to get tempted by the price not that I'm saying it'll get back to $10,000 per oz but its not much more than gold right now  ::)

I for one would like to see litecoin resume active development.
It is quite impressive it has survived this long on its own, a testament to its lasting power I think, but with newer features and more optimization being put into bitcoin litecoin is starting to look a little dated.

Less is more. :D

I like ltc cuz they dont "fix" it and get bugs...

+1

Except that litecoin will need active development if it hopes to scale, see bitcoin+satoshidice+blocksize limit fiasco.
It could also use the updated db that is in the 0.8 client for speeding up the blockchain download and pruning the db.

Otoh litecoin is a rather simple modification of bitcoin (and not the first of its type) so while I complain about the absence of updates should drastic any need arise I imagine it would be fairly straight forward to sync litecoin to the 0.8x branch.

stay 1 release behind bitcoin. I dont see a flaw in that.

What almost all the altcoins need, a common need, is for the bitcoin codebase to be quick and easy to morph from one coin type to another.

Big git pulls though are less likely to get pulled than small simple ones that clearly do not break anything.

I even floated the idea of creating two new header files, specs.h and cosmetics.h or something along those lines; the specs would contain all the constants that differentiate one coin from another, such as maximum number of coins eve, number of satoshis to a coin, minimum transaction and relaying fees and so on and so on, even the IRC server(s) for the IRC rendezvous system and the range of channels to use. The default port numbers. The four bytes of "magic numbers" used in the connection handshake. Basically everything of that kind that all chains have.

cosmetics would include things like the all-lowercase name of the coin, the all-uppercase three-letter currency code, the various images such as icon, favicon, whatever that identify the coin, everything that is purely cosmetic characterisation / identification of which coin it is.

Trying to move all those things all at once would very likely be the kind of large refactoring of code that is unlikely to get pulled. But simple clear steps apparently might actually get pulled.

So maybe first introduce the proposed new header files, empty but commented as to their intended us, along with #includes of them absolutely everywhere they are going to be needed. (Which might be as simple as including them in some one header that already is included everywhere.)

If that gets pulled, then on to putting maybe the all-lowercase name of the coin in there, and patch all files that use the all-lowercase name in a way that causes it be become visible to a user. Then if that gets pulled, the mixed case name, and so on. (Actually maybe starting with the mixed case, e.g Bitcoin, Litecoin, Devcoin, etc might seem less weird than proposing to "fix" the all-lowercase first.

It could be a long haul, in order to avoid presenting any one pull that is "too large or too complicated", but maybe over time we can get the mainline code to be easier and easier to adapt.

-MarkM-

Crossposting here to show that yes, Litecoin is still cheap

So if I am understanding your calculations correctly, mining Litecoin is twenty times more profitable on average?

No, I gave the cost in power to mine 1 USD in LTC and BTC.

So, Litecoin is twenty times less profitable than mining BTC right now with the inefficient Avalon ASICs.  Once BFL ASICs come out, or some other better competitor, we could see the cost to mine 1 USD in BTC decrease another 5-10 fold in the next few months.

Given this, we might guess that
1) BTC price will drop 20-100 fold or difficulty will increase 20-100 fold
or
2) LTC price will increase 20-100 fold (or LTC difficulty will drop 20-100 fold; unlikely)
 upon the mass introduction of SHA256 ASICs so long as no LTC scrypt ASICs or super efficient FPGAs come out (I doubt they will, personally).

When can we expect the mass introduction of ASICs?

A super efficient FPGA for LTC's Scrypt algorithm would constitute an academic computer science breakthrough worthy of publication in a journal.

20-100 fold increases or decreases sounds too big to me but it will be fascinating to see how the mining ecosystem responds.

Sorry, made some edits for clarity.

Mass introduction of ASICs will be within 1-3 months, 3 months maximum.  There is simply too much money to be made there right now, people are becoming keen to the fact that bitcoin mining consumers will throw millions of dollars at them if they can provide ASICs for them.

My guess is that we'll see all three likely scenarios play out concurrently;
1) Drop in BTC price.
2) Hike in BTC difficulty.
3) Hike in LTC price.

Umm...Didn't Coblee already reply to you directly in another thread not too long ago? Development does not happen over night, and it's a damn good thing LTC hung back.  "It could also use the updated db that is in the 0.8 client for speeding up the blockchain download and pruning the db."
There's no urgent need. It will come.

Also, correct if I'm wrong...LTC can already handle significantly more transactions in a given period of time than bitcoin can, even with the .8 update.

This makes a lot of sense. Hike in LTC difficulty too(to a lesser extent but still probably significant enough) I would have thought?

Yeah, this too eventually.

+1

When discussing the excessive txfees yes. not on this particular topic.

Also in litecoins case development does not happen in a year.

I believe I said as much just with different phrasing.


OK Im happy to correct you, litecoin due to its increased blockspeed can handle 4x as many tx's as bitcoin.

4x = significantly more


we do not need to "fix" ltc right now.

Indeed.

"When discussing the excessive txfees yes. not on this particular topic."

Sounds like development is active. I don't see a real problem with waiting to roll minor updates together when none of them are critical.
Bitcoin needed and needs 'fixing', let's not forget.  

"Except that litecoin will need active development if it hopes to scale,"


 
...

this was discussed nothing further has been actioned, yet.....
Currently the git repo has tumbleweeds rolling though it  ;D

Litecoin inherits the same problems as bitcoin due to being based on bitcoin, these issues do need fixing in litecoin but are not an issue yet.
Thanks to the increased block generation speed we do have 4x the headroom of btc so a hard maximum of 28 transactions per second for ltc.
Indeed, We will have to bide out time patiently and see I am just a bit more impatient than others  ;D

Regardless of the outcome litecoin has been and is a fun altcoin for us to support.

 ;D

That's true, these updates are not something that should be disregarded completely.

As for the tx fees, I think if LTC can stay above ~ 20 cents the fee can be reduce and the worries of malicious transaction spam would still be mostly over.

I believe LTC services are still being attacked (ltcpool is acting spotty) so I suspect people are still looking for ways to at least temporarily harm the blockchain.  
 

Sad but true, we feel its a great shame to see any altcoin attacked in a malicious ddos fashion such as ltc in its early days experienced and more recently trc (not to much), ppc (reasonable) and nvc (this coin generates some hate).

We have adapted our games to compensate for the higher than norm tx fees and recently code monkey came up with a clever trick to avoid the nasty 0.1 LTC fee for anything under 0.01 LTC. So really it less our gain and morethe players benefit if they were lowered.

The recent price increase has also helped against this by making tx spam attacks more costly and to litecoins credit is nice that it happened organically.

Our own litecoin service was attacked several times in its early days, we wore the cost and learnt our lessons.

Perhaps litecoin could become the "stable" altcoin with sparse releases forked from time proven bitcoin versions.
0.6.3 is arguably a good solid version to start with and stay with, until of course we finally hit that tx/second limit.
If this becomes the case I can see a bright future ahead for this altcoin.

Definitely agreed!

"code monkey came up with a clever trick to avoid the nasty 0.1 LTC fee for anything under 0.01 LTC"  ;D excellent! That is a particularly nasty fee, lol.


You're right about NVC...Someone really became pissy about that release. I say coins should be allowed to thrive or die based on their own merits and conditions of release. How effective can those attacks really be?

Anyways, I think Sdice helps to highlight the benefits of faster transactions especially well. Once the fee is reduced, I expect heavy dice users to be rather intrigued.  

You have things backwards. Mining difficulty does not drive price, price drives mining difficulty. It does not matter how much power it takes to mine a coin, the coin is worth what it is worth. As shown by the calculations, it currently costs less to mine the same value of bitcoins. So the expected result is more people will drop out of mining litecoin and increase mining bitcoins, driving up the difficulty of bitcoins and down the difficulty of litecoins. However, the numbers you gave were for different hardware; instead, as more ASICs come onto the bitcoin mining, we will see more people moving their GPUs onto litecoin mining, driving up the difficulty and hence the power needed to mine the same value. The net result is that we will see the difficulty of mining LTC increase but there will not be an increase of LTC price.

WEll the potential for mining difficulty in teh future can drive the price up now. Good example is ASICs that will be coming online in the near future....it is called PRICE ANTICIPATION of an event.

How does knowing the difficulty is going to go up influence the price? There will still be the same number of coins rewarded every ten minutes.

If people knew a gold rush was coming because better technology was on its way...people would be buying up the supply of gold in advance....especially if this new technology being used implied that mining for gold would become that much more difficult.

Get it now? Simple logic.


Edit: Increased demand can translate to increased mining hash power = harder to mine = more power = more equipment = more cost.

LTC listed on trade hill?? :)

Link please

lost it, in their we are back thread talks about other crypto coins coming soon.

No but as the difficulty goes up it'll cost more energy to mine a bitcoin.  That will probably influence the price.  If a coin is too "cheap" people will be making lots of money from dumping, this causes price to drop.  If its hard to make a coin it'll rise.  Something like this not exaclty sure.

But the markets are usually leading indicators

Secondly, you have to take into consideration the traders.  They are not thinking about the present.  When you buy a stock you are not thinking about now but you are thinking about the future.  I'm not sure how valid this is but I learnt in finance that the stock market is a leading indicator.  It means that it is and indicator of the economy 6 months from now.  SO if investors feel that the economy is going to bottom out of a recession the stock market will usually bottom out before that as investors anticipate the bottoming out.  This is because people want to make money.  They don't wait for the economy to bottom out they buy stocks before this.

But I think things are actually going the other way: ASICs make mining easier (for those who have them). If it takes less effort to get the bitcoins, since the miner is more efficient, then that miner will be willing to sell at a lower price. To use your analogy, if you know a gold rush is coming (and the supply of gold will go up), then why would you buy now? You would offer a lower price in anticipation of the increased supply.

But there is no increased supply.  The difficulty adjustments ensure that the supply remains fairly constant.

That is exactly my point. The supply is staying he same, but the people generating that supply are doing it more easily. So for the amount of the supply which is coming from miners, that amount should be available at a lower price. Then you have to take into account that the percentage of bitcoins being generated new each day is declining, and so the miners are becoming less and less of a factor in the pricing of bitcoins, so the argument is becoming less and less meaningful as time goes on. So a bitcoin is worth what people are willing to pay for it, miners just have to admit they have no control over the price at all.

I think it's better to think of it as a fairly fixed number of coins that can be mined per day, and the only thing that changes is who is mining them.

No they aren't.  Not collectively, anyway.  Some individuals may see a greater percentage of each days' mined supply.  For awhile.  But collectively, Bitcoin is not obtained any faster, on average.

Think about the move from CPU to GPU: are BTC obtained more easily today with GPU than they were with CPU in the past?  Not at all; in fact, it costs more (in terms of resource and time investment, and skill) to obtain BTC today with GPU than it used to cost to obtain them with CPU a few years ago.  The transition to ASIC is the same.

Litecoin is really cheap right now IMHO. Just look at how steady it stays (it isn't affected in a great degree by the climbing/falling of the BTC), it started to balance on its own. It has a distinct future, just think that all the people that invested in GPU mining rigs, have already started switching to LTC mining.

So, it's just a matter of time. It will become more widely used, there will be more exchange-sites and more businesses that use it.

Let's support it. The time is now - the future is ours - just believe  ;)

Just Chaang spreading misinformation again I think.

they have stated in public they are open to trading altcoins. I wont say what they have said in private. Also the?  ? ? Should be a hint at maybee...

Perhaps you should have linked to the tradehill post addressing alt-coins.

i told people what thread it was in. Posting from a phone is a bitch as it is.

oh Chaang, you and your "pms" you may/will share, We have been down this road to many times to count.

Fortunately we have btc-e and vircurex that already actively trade LTC, another exchange joining the market definitely would be a good thing for litecoin but not a single exchange has commented that they are planning to do so. We can only hope they become more receptive as time goes on :)

They did not say they would list LTC. They said they were open to alt coins in public. Clearly LTC is the only significant alt coin at this time.

According to the quotes above I dont see a reference to a thread. Just saying

it was the next post.

it is like the only tradehill thread they started in the last year.

https://bitcointalk.org/index.php?topic=154527.msg1637912#msg1637912

cuz im now not on a phone and can do a search.

When mining drives bitcoin in centralization, another alt currency will thrive until all the bitcoins have been mined.

I know its an older topic. Right now Litecoin is just highly correlated to bitcoin but offers nothing with regard to technical innovation and i dont see a bright future for it.

It seems like litecoin is still stable because its big, has high liquidity, lots of mining, listed on a ton of exchanges .. overall its well known and working. But it has no competitive advantage anymore.
Companies will use bitcoin for transaction, no need to list another coin that is basically a substitute.

The main reason litecoin is valuable is: You can convert it into bitcoin!

What is your opinion about litecoin?

I really don't see a need for Litecoin.  2.5 minute blocks are not that big of a deal compared to 10 minutes.  2-3 second blocks, a message system, colored coins, anonymous spending, and other options might do it for me. 

Whether people like it or not Litecoin is about to become the #2 most secure network behind Bitcoin. ASICs will make litecoin the silver to bitcoin. There are 40 new posts a day regards what we are going to call 0.0001 BTC and the bottom line is no one is going to run with milli, micro, mini or macadamia bits for future nomenclature. For crypto currency to succeed we need a cheaper #2 coin that can be bought cheaply while bitcoin can be used for larger transactions. Litecoin is here to stay boys!

If crypto currency where to become mainstream your average joe isn't going to give a shit about the technical specifications of a coin. All people will care about is if the network is secure and if the store of value exists within the coin.

Litecoin really lacks the advantage it used to have. Other coins now have the same advantage, now. However, I don't think LTC is going to die soon.

Resurrected threads about Litecoin's death and it's lack of any usefulness ticks off a couple of good contrarian indicators that are signalling an impressive price rise is due.  :D

http://en.wikipedia.org/wiki/Contrarian_investing

Might not be exactly what you are after but you can use Dividend Rippler (https://dividendrippler.com) to get LTC into ripple and trade for XRP (amongst any other currency others are willing to trade). DR isn't handling any of the exchange parts, though, it is a simple gateway.

Litecoin is definately dying now.

http://www.btcfeed.net/news/why-is-litecoin-dying/ (http://www.btcfeed.net/news/why-is-litecoin-dying/)

Not much hype on Litecoin recently, just need a really good news like Ebay accept Litecoin!!!

really cheap. when btc (gold) rises, ltc (silver) will follow. money flows.

i'll raise you one - and just say it's more likely that KnC are about to ship : )

http://kolinevans.wordpress.com/2014/07/04/why-has-litecoin-decoupled-from-bitcoin-and-is-on-a-price-decline-and-why-is-this-important-for-quark-and-other-free-market-crypto-currencies/

BTC once dropped from $33 to $3 and the general atmosphere at the time was one of hopelessness and despair. However, this turned out to be one of many bubbles and the BTC price rebounded after every crash. LTC has dropped from $48 to $8 and the general atmosphere right now seems to be one of hopelessness and despair, so it's possible that Litcoin could follow the same path and this could simply be one of many bubbles/crashes to follow. The LTC economy is in its nascent stages - just like Bitcoin was in 2011.

This is just one possibility though. It's also possible that Litecoin will never rebound at all. It could just keep on falling and falling and never surpass its ATH. :(

the problem for LTC is what is its use case post asic?

not much basically a different algo.

Why then would you use it. peercoin has been a far better performer over since early 2013 than LTC, and it has a use case and many more associate products as well.

NXT is ok as well, with distinct use cases.

note I hold and will not sell LTC

first, there is no such thing as gold and silver in crypto's, you should check why ppl are investing in physical gold/silver in the first place. second, you should check the recent charts for btc/ltc and you will see that ltc in fact does not follow btc. while btc is rising, ltc is going down and down and down, and the difficulty still rises (because, ASIC :P)


i don't know why the ltc ppl always refer to bitcoin. when the ASIC discussion started, everyone @ ltc just said: it helped bitcoin, it will help us. what they seem to forget is, that bitcoin had no "big brother". while scrypt ASICs are mainly used to dump the coins to get btc, this was not possible with btc ASICS, there was no "main coin", btc itself is the main coin. of course some ppl cashed out for money, but that resulted in new fresh cash flowing into btc. the history of btc was and is, completely different to the current alt coin landscape.

This has happened before but that's not how it always works. LTC might me one of the most reputable altcoins but it has been pointed out before that it's hard for it to compete with all those next gen ones. I don't see it dying at any time, but I believe other coins would have a greater benefit from a bitcoin uptrend.

I know one thing for sure. It's either cheap or dying.

There are 2 options now:

A) its cheap because:
    Its a coin with a market cap big
    Strong blockchain
    Good distribution
    Asics will skyrocket the difficult so became a scarcity coin


B)  Its dying
    No innovation
    Asic will kill the idea of litecoin
    Stronger contenders surging  (Drk, Vericoin)


personally i incline to B.
   

It's neither dying nor cheap. 7 dollar is still pretty awesome all things considered.

it's all fine. I am buying and holding for 80$
Take btc-chart and LTC chart and LTC/BTC - chart longtime lay on top of each other and make some analysis.

It's cheap, but maybe only in terms of against BTC. either could crash back to levels before the insanity of a few months ago.

It's a metaphor

This is spot on.
For reasons unknown to me people keep thinking that BTCs history will repeat itself with LTC.
It won't.
People have been dumping whatever altcoin for BTC and not LTC. LTC was only used for profitability comparison and as a last resort for miners.

which makes the low price for VTC and EXE irrational since they fill that gap now.

I'm buying some LTC. Its not cheap, and not dead. You guys are all going to miss the boat!

People keep repeating this statement and present it as fact.  Bitcoin is gold while litecoin is silver.  Apart from bitcoin being worth more than litecoin in a vaguely similar ratio to gold/silver, I have yet to find another piece of supporting evidence for this analogy.

i know, they go on and say the asic will secure the block chain, what make a less secure ltc block chain than BTC???

IX coi or IO coin is probally more secure than LTC. That does not give them value.

Only the different algo remains

and good dev, if not acerbic

It was just a marketing trick.

It's, uh, a metaphor.


I don't think you quite understood that chart, lol. It precisely defines the current relationship between the two coins. They follow each other, but the ratio of relative values changes over time – it's not a simple constant relationship.

I'll take litecoin's market cap, liquidity, name recognition, and availability on multiple exchanges over any alt coin, regardless of its bells and whistles, EVERY DAY OF THE WEEK (and twice on Sundays). From a business/market perspective, these traits are a thousand times more important than the latest "innovation" of the day.

Sounds to me like you'll do just fine, smalltimer. Just keep in mind that your target price might prove to be a bit conservative, and use your analysis to find the best cash out window. Because that bubble peak will come and go so fast it'll make your head spin.  ;)

It is dying. Read this article.

The Death of Litecoin: Boom, Bust and Self-Destruction

The Death of Litecoin: Boom, Bust and Self-Destruction   Litecoin, the world’s third largest cryptocurrency ($ 137,703,781 in marketcap) created in October 2011 by Former Google Engineer and current Coinbase Director of Engineering Charles Lee was popular among digital currency miners due to its implementation of a unique ASIC resistant proof of work algorithm called...

http://www.altcointoday.com/death-litecoin/

Really.. why bump this three when there's 2 others discussing the same thing on page 1.  :'(

Just to show you Litecoin is not dying and here to stay.  :D

It's far from dying.  But it's not going anywhere as is.  It is a safe haven coin if something goes wrong with BTC at best.

LTC is at *WORST* a known-good hedge, safe haven, and hot-swappable BTC-compatible backup.

At best, in the event of actual widespread crypto use, LTC is first in line to catch overflow excluded from BTC by higher tx fees.

It's really funny how many Bitcoiners laugh at Bitcoin obituaries, then without skipping a beat turn around and write yet another 'LTC is dead/stagnant' shitpost.

Bitcoin Monopolist Maximalist Supremacist:

"I'm so glad BTC is here to destroy central bank fiat and keep commercial finance honest.  God I love competition!"
"ZOMGAWD HOW DARE LITECOIN PRESUME TO COMPETE WITH BITCOIN THE ONE TRUUUUUE CURRENCY!!11!111"

This is a dumb statement. The Litecoin price has historically followed the Bitcoin price. Litecoin shares a large percentage of its code base with Bitcoin. To call it a hedge, safe haven or hot-swappable backup is laughable at best. The only hedge to cryptocurrencies are FIAT, stocks, bonds, commodities, etc... not other cryptocurrencies.

The only possible exceptions to this are stable cryptocurrencies backed by smart contracts or a centralized entity a la Smartassets (bitshares), Nubits (Nushares), Tether, etc..

My statement is supported by empirical evidence.  IE, when Bitcoin suffered a chain fork Litecoin shot up in value.

Perhaps you are too new here to remember that time.

The market has decided LTC is the best known-good hedge, safe haven, and hot-swappable BTC-compatible backup.

You are dumb for trying to tell the market it is wrong.

Good luck shorting LTC.  Oh wait, you're not actually putting your money where your mouth is?  I'm not surprised.   ::)

I was just pointing out that there are better ways to hedge a Bitcoin investment than to invest in Litecoin (or any other cryptocurrency.) Also, that there are better "backups" to Bitcoin, mainly ones that don't share 95%+ of the same code base as Bitcoin. If a flaw is found in Bitcoin that kills it, then Litecoin would likely be the next to fall due to the amount of code that is shared. If something major happened that killed Bitcoin, it wouldn't make any sense for everyone to switch to a cryptocurrency that is heavily based on Bitcoin so that we can all relive the same scenario several years down the line.

Your "empirical evidence" constitutes of one small and short lived occurrence. I don't think you can call that empirical evidence when you compare the number of days that the Litecoin value followed the Bitcoin value to that one time that lasted a few days a couple years ago (or however long ago it was.. I'm too lazy to look it up, but yes I was around then.) It is because of that that the empirical evidence backing my side of the argument is much stronger. Anyways, anyone that knew anything knew that the Bitcoin fork you speak of was an easy to fix problem, which was in turn fixed very quickly. Its only served purpose was a method of separating weak hands from their Bitcoins.

I also posit that most people that are invested in Litecoin don't truly think that "LTC is the best known-good hedge, safe haven, and hot-swappable BTC-compatible backup." They are simply speculating that the price will go up at least once from where it's at, and that they will be able to sell their Litecoins at a profit. Litecoin really provides no use or utility in the crypto community compared to other coins that actually bring something innovative and useful to the table. It is king of the alts for now because of the network effect, but network effects can be overcome, and I think Litecoin's time in the sun is nearing an end. We will see who is right in a few years I suppose.

That's a really long way to say "I am smarter than the market and I'm here to tell everyone the market is wrong, because I know better."

Endless babbling won't do anything to change the fact Litecoin almost always has the 2nd highest volume after Bitcoin.

Looks like Litecoin started dying right after it's creation. Why there are so many people obsessed with spreading FUD against Litecoin? I don't get it. I'm just browsing old topics, and it's always litecoin is dying. For 5 years, no matter what price, already.

I think LTC will rise again. Maybe it takes some time but 10$ shouldnt be a problem.

Litecoin is just fine.. it's the scene that is dying.

yes there is a possibility LTC can wake up again from the dead, but it all depends on how it worked out well, I am sure LTC may die due to stay away by the developer for time or for some reason, we'll see how it might happen.

Yes. Exactly. People said it is dead years ago! And litecoin is still among the most popular and used in casino business altcoins. It is very similar to bitcoin but everything happens a lot slower with it (perhaps because of the big amount of them), so I think it will rise again and be pretty nice and stable. I think now is the best time to invest in litecoin, because it is really cheap.

I hope ltc can return to full glory in the near future. My investment was not at this point a wise one. I have other crypto currency that has helped me weather this storm, but it is sad to see LTC is now viewed as stagnant my many.

Coblee was too concerned with btc but he looks back on the case with LTC. We will see.