Bitcoin Forum

https://www.youtube.com/watch?v=mxGiMu4V7ns&feature=youtu.be

This guy has been making a great job implementing an easy to use GUI for lightning network. There are other videos where he shows it in bitcoin. Now in a tiny amount of time he was able to port this to Litecoin's testnet. They are as excited as users or more to get the thing going in an economical reality and not under useless testnet coins.

We are going to see devs running to LTC in order to put their hard work into practice and BTC will not be taking advantage of it while LTC increases price. BTC will never lose his gold-of-crypto prestige but it may lose the payments-coin side if we are not able to get segwit for BTC (let's admit it, LN without segwit just sucks).

Good to see LTC have developments :) This should probably go under altcoin discussion, not sure if they're already talking about LN there.

The more that LTC creams Bitcoin the more compelling it becomes to do it on BTC too. I hope LTC becomes a total whizz bang wonder in comparison because that's good for everyone in the end. And of course developers will head straight there. It's the biggest game in town for their ideas.

Its moving to LTC cuz is more easy to mine. I think

What does it mean? they could literally launch a BTC blockchain with the same algo and test their ideas there, it's not like LTC has any real world use so let them be happy with an artificial pumped coin, if LTC was any good then why didn't people start mining and investing 2 years ago?
I think after ETH/ DASH sudden pumps now every body knows LTC is the next so they are trying to manipulate us to enter LTC because of FOMO so they can cash out their millions of dollars.
Note that the same big farmers (Chinese miners) operating large bitcoin mining farms also have large stakes in LTC mining and hold most of the coins.

I'm sure lots of developers are migrating. But whether anyone will actually use anything they develop is a whole other question. I'm glad of the Litecoin experiment as I suspect it will prove there was no market demand for segwit.

I think it is being pumped to give the illusion that there is.

I think it's being pumped because everyone loves a pump. If there's a vague excuse for one then all the merrier.

FInally after many years and being taken  down from the top spot,development is now ongoing and we hope it's a permanent and on going,they will definitely going to regain their 2nd spot if development and price keeps pumping.

I see there are fellow members here who are still having their reservations about segwit and the development of Lightning in litecoin. That is normal. But the good here is we will see what the commotion is all about in a real production setting and not on a testnet.

It looks litecoin lead the bitcoin. In my opinion, if litecoin as pre-implementation to give a real result for the usefulness of segwit and LN to the bitcoin voters.
It seems like BU shills still attacking it. This is a big news for all of we will be seeing real implementation of either segwit and LN on litecoin.
As more people are feeling doubt about the effectivity of segwit and ln due the fast block of litecoin than bitcon itself.
Just try to catch the benefits from its.

Litecoin has no real use? Clearly you are out of your mind. It is bitcoin. Faster, cheaper, Bitcoin.

Traders are taking advantage of the recent news to unload some coins
(probably many people trying to get back some of the losses they took buying LTC close to $40)

but the coin might have potential.
Its been under development and has serious support for many years. Definitely worth having some Litecoin in your portfolio for a long-term investment.

Litecoin never garnered any use cases is because it's basically no different from Bitcoin. The only reason it's "faster" is because the blocktime is lower. That isn't a scaling diversification, it's just pushing harder on Bitcoin's accelerator pedal.

It's been kept on life support by a couple of high liquidity Chinese exchanges which might as well be trading bottle tops for all the difference Litcoin's fundamentals make.

Not very investable but ok as a 'lab environment' for testing out pre-production Bitcoin tech.

It's just Bitcoin x4 isn't it? 4 times the total supply, blocks every 2.5m instead of 10. Means it can handle 4 times the transactions + segwit means it can handle even more than that.
It is a little bit like a Chinese ghost town though, the 8 lane motorway is great, but not really needed for a few cars.  It doesn't need to have Segwit or 4 times the capacity of Bitcoin.

People seem to think that if Bitcoin has problems that everyone will just start using Litecoin. This isn't like a bank, where if my bank goes under, I will open a new account somewhere else. If Bitcoin goes under, I won't invest in crypto.  It will have been a failed experiment, I think we all know that it is binary, success or failure over the medium term. Without Bitcoin, crypto is nothing.

Absolutely. This is the definitive fact of the matter. ^^^

Point of Clarification ,
BTC would have been a failed experiment ,
Crypto is going to happen, if you are going to cry because your favorite did not win, because they did not improve the product, so be it.
Enjoy your BTC and listening to music on 8 track tapes, both outdated products.

Grow up, the only guarantee in Life is things change.
Well Crypto is changing and BTC will no longer be top dog, they have no one but themselves and BTC core devs to blame.
No innovation, higher fees, longer delays, the crypto community should have dropped BTC over a year ago.


 8)

Litecoin is totally different form bitcoin, you should check their development prior to say such statements. And litecoin is used, and have use cases in everyday's life because it is a trusted crypto.

Now the main problem of Litecoin is the block time, with segwit and uptades it will be better for sure. But using Lightning it's adoption will be far better then now.

I am sure that lightning will brig great features to Litecoin, especially because the main problem actually with cryptos is the lack of reliable debit cards. Using lightning will for sure bring new sollutions to cards ussuers.

Yes. And after every pump comes the dump. It's a law of nature of something!

Not really. The strain on a GPU doing SCRYPT is almost more than X11 or similar. And the ASICs race has explored that area, too.
My observation has been professional BTC miners stock some LTC mining equipment just in case. It's supported by the same group of people dominating BTC.

why? litecoin and bitcoin both use asic, to be mined, i don't see much different, but litecoin is adopting segwit why bitcoin not, this is a valid reason for them to move to litecoin


could be but no merchants is accepting litecoin like bitcoin, so why i should use litecoin? just to pump and dump? and being faster and cheaper come to an expense, more orphan blocks and more prone to manipulation

Coinbase will be activating a Direct LTC to FIAT Wallet, with it ,
Merchants access to LTC will be the same as BTC.  ;)


 8)

FYI:
BTC average orphans is 3 per day, LTC average is only 2 per day in the last month or so.
https://chainz.cryptoid.info/ltc/#!extraction (https://chainz.cryptoid.info/ltc/#!extraction)
Since LTC requires 6 confirms and BTC requires 3 , in the last month , it has been safer to send LTC than BTC.   :D

Seems LTC is getting much of attention,  I can see LTC rising in price once Segwit is activated.  Btw LN developers moved to LTC because it is where they can test the update once Segwit is activated.  That is the main reason why lightning developers are moving to LTC.

but in real life alternative to BTC is ETH not LTC at all. ETH have 16s blocks not that slow 2.5min :D hahaha...
ETH also have better volume - in LTC in charge ar 12 miners in ETH Vitalik that is not that big diffrence at all
and have many scam icos on chain too to pump it price while LTC hmm noooothing really interesting besides it have ported BTC segwit. Without segwit noone would ever pump LTC.

PS: ETH will also have its LN (Raiden) I don't see any advantage of LTC over ETH as alternative to BTC.

Anyone who values what Bitcoin stands for would not make the switch to ETH. It may have a great future. It also has already shat and pissed all over itself.

ETH may be a good short to medium term speculative move before the smart contract's bubble bursts. Other than that, BTC (and now, LTC too) are the good long term hands in crypto. Everything else is a gamble where you may or not make a lot of money.

LTC is undervalued as long as BTC has no way to get segwit enabled.

LTC as Btmain/mining cartel controlled coin is not attractive to me at all.
That turn on and turn off segwit activation period was worst shit show ever to me.
Segwit is good piece of tech but it won't make magically LTC it better than ETH.

ETH with Vitalik leader is better alternative to me than those 12 miners cartel who threaten developer.
Vitalik will move ETH to POS like Dash withasternodes and couse pump like 4x-10x :).
Masternosed allways works that way on market.

LTC is overpriced as noone really use it while ETH is used for funding scams/ICOs so is useful.
If I were investor I would go for ETH becouse it has much bigger community and whole those ICOs communities will adds up to it. LTC have bitmain miner community mostly that is all and last time Bitmain pissed them off hard. So I see that people will move away from LTC mining overtime due to Bitmain "not fair" approach.
I don't have ETH/LTC i am not biased to any of this projects.
I am mostly in BTC now I go against mob ^^ but LTC is worst from ETH in almost every aspect.

ETH does have a bloat problem.

Blockchain size already over 60 Gigabyte in Jan 2017 and growing Fast.

Eth will have to hard fork every time a judge makes a ruling in any country that someone was not legally qualified to enter into a contract.

If you want to make money invest in hard drive manufacturers because their blockchain is growing exponentially.

You can make money off it , until people wise up, but when it does crash , it is going to be devastating .  :o

Plus when they move to PoS , all of their PoW miners are going to switch to ETC.

LTC is not trying to be more than what is technically possible at the time.
Eth could only truly succeed if the Entire World Governments Court Systems were going to follow it , which they are not.
Every litigation arising from a disagreement on ETH, will result in a hard fork, the Eth dev set a president  with that DAO problems.


 8)

FYI:
Is LTC the final solution, of course not ,
but it is better than BTC on all levels, and BTC had 10 year run at the top, expect LTC to get and hold at least 5 years, when it becomes #1.

Eth & Etc will have collapsed because of its flaws within 4 years from now.

Good post and fully agree with you here.

LTC is poised to take btc's crown on their current pathways.

ETH i am unsure which way it will go but the negative points that you mention are undeniable. Although perhaps it could become the tool of big buisness operating within countries that make it binding. It will have some use cases that are as yet untapped.