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Title: How will the creation of BCC affect the function and price of LTC? Post by: kotbi on August 03, 2017, 09:58:53 AM As we know, LTC has some advantages over BTC such as quicker transaction time and less fees. But it seems now the BCC has some of those functions. Does it mean the LTC will no longer as attractive as before and the price will drop? What's your opinion?
Title: Re: How will the creation of BCC affect the function and price of LTC? Post by: talkbitcoin on August 03, 2017, 10:07:05 AM BCC has none of those things actually!
BCC has the same blocks as bitcoin (~every 10 minute) LTC has 1/4 time (~every 2.5 minute) BCC has huge blocks that if becomes full or spammed will eventually lead to centralization of nodes. and we know the spammers are around us. LTC has not been spam attacked severely because there was no incentive. LTC has the SegWit and will soon have lightning network and that would be adding it to a big group of cryptocurrencies with LN an all will be connected and with a lot of benefits. BCC doesn't have this. LTC fees are low. BCC fees have no reason to stay low specially since mining bitcoin is hard and in order for minder to make profit they either have to increase the fees or increase the price and only one of these is possible. Title: Re: How will the creation of BCC affect the function and price of LTC? Post by: kotbi on August 03, 2017, 10:24:47 AM BCC has none of those things actually! Nice points! It gives me new perspectives on this topic.BCC has the same blocks as bitcoin (~every 10 minute) LTC has 1/4 time (~every 2.5 minute) BCC has huge blocks that if becomes full or spammed will eventually lead to centralization of nodes. and we know the spammers are around us. LTC has not been spam attacked severely because there was no incentive. LTC has the SegWit and will soon have lightning network and that would be adding it to a big group of cryptocurrencies with LN an all will be connected and with a lot of benefits. BCC doesn't have this. LTC fees are low. BCC fees have no reason to stay low specially since mining bitcoin is hard and in order for minder to make profit they either have to increase the fees or increase the price and only one of these is possible. Is there any reasons that BCC may get spammed and LTC will not? What's the incentives? Title: Re: How will the creation of BCC affect the function and price of LTC? Post by: Bowtiesarecool on August 03, 2017, 10:54:32 AM BCC has none of those things actually! In a nutshell LTC>BCC... nice to know there's really a future for LTC with all these forksBCC has the same blocks as bitcoin (~every 10 minute) LTC has 1/4 time (~every 2.5 minute) BCC has huge blocks that if becomes full or spammed will eventually lead to centralization of nodes. and we know the spammers are around us. LTC has not been spam attacked severely because there was no incentive. LTC has the SegWit and will soon have lightning network and that would be adding it to a big group of cryptocurrencies with LN an all will be connected and with a lot of benefits. BCC doesn't have this. LTC fees are low. BCC fees have no reason to stay low specially since mining bitcoin is hard and in order for minder to make profit they either have to increase the fees or increase the price and only one of these is possible. |