In no certain order... Counterparty, Mastercoin, Bitshares, Bitshares AGS, Swarm, Ethereum, Nxt, Maidsafe, Monero, and Zerocash. I am still deciding, but there's no reason why I couldn't support a few or all of these projects.. they are all much more interesting to me than Litecoin ever was. I am sure I'm forgetting a few too.. there are so many awesome new coins coming out.
Thats one of the reasons litecoin will still stay strong, too many other alts competing with each other, I've researched all of the above yet to find anything that isn't extremely flawed nor any innovation thats a real innovation. (btw not saying btc and ltc don't have there flaws, its my thinking that they are the best by far of a bad bunch). If you don't see innovation in those crypto currencies (well.. maybe not Counterparty since it is similar to Mastercoin), then I don't know what to say to you apart from you need to take a closer look at them. |
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in·sult verb inˈsəlt/ 1. speak to or treat with disrespect or scornful abuse. Where did I disrespect you by giving you my view of what you did? It is an honest view. Don't like it? Cry more please.  You're getting more ridiculous with each post. Everyone here knows what an insult is, thank you. The only one that doesn't understand the definition of the word insult is you. I know you realized those were insults, but this is just further evidence that in your mind you are never wrong. Smoothie, it's time for an English lesson: Whether something is true or not doesn't have any affect as to whether it is an insult or not. Do you go up to fat girls and say "hey girl you're fat"? That wouldn't be an insult, right? Because it's true? |
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Perhaps you need to learn the definition of the word insult. |
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thanks for this well reasoned post.
do you feel the added security of the litecoin blockchain with new asics on the way will prolong the life of litecoin, or accelerate its demise?
It's hard to say. I feel like in the long run it will be a bad thing, but the effects of the centralization of Bitcoin/Litecoin mining won't be felt for some time. As corporations, old money, and old money FIAT take over mining, the affects will start to show. At that point they are no longer decentralized currencies, it is moving that way already. I think Litecoin will remain number 2 through at least the end of the year and possibly next year too. However, things are moving so quickly that it is completely possible that its demise could happen sooner rather than later. I think Bitcoin will be much harder to topple than Litecoin. what I find odd is you already publicly declared you no longer support litecoin yet you still want to talk about it as if it matters.  insult #1, done in your usual satirical style... I still hadn't responded to any of your posts. So why is it the few nxt fanbois constantly trolling the forum are the ones so concerned about litecoin's future First of all, I am not a Nxt fan boi. I haven't decided which crypto will be the next one I support apart from Bitcoin, but I am leaning towards Counterparty, Mastercoin, Bitshares AGS, Swarm, Ethereum, or Maidsafe. Possibly Nxt too, although they have some trolls (which coin doesn't), they are doing some interesting and innovative things... the initial distribution is kind of a put off to me though. However, to be fair to them... everyone had a chance to invest and didn't.. that is not their fault. Secondly, I think the Litecoiners are getting scared. They are getting more organized and are doing more projects recently than ever before. I think most of them can see the writing on the wall and are trying to "right the ship" so to speak. Not only have the Litecoin "haters" been more vocal as of late (which is totally understandable due to the points I've outlined ITT), but the Litecoin supporters are also being more vocal because their throne is being challenged. They are even sending people over here from their forums to try and prove me wrong: https://litecointalk.org/index.php?topic=20631.0You think. So you are just speculating. Got it. I'm a litecoin supporter and no I am not scared nor have I gotten the notion that the community for LTC is scared as well. Anyone can go back into CH's post history on this forum and the Litecointalk.org forum and see how much Coinhoarder is butthurt. For what real reason I can't say for sure but what I do know is he tried to get the LTC devs to make certain changes to the LTC protocol and it fell upon deaf ears so he took his ball and went home crying.Now he is here still talking about LTC even though he claims it will die. And instead of just seeing if his prediction is true and let it be he is still talking about LTC which is keeping it alive. As long as people are talking about LTC or trading it or mining it...it isn't dead in my view. insult #2 and #3, I still hadn't replied to you at the time. I see value in some other alternative coins, and I even think some of them have a large chance to overtake Litecoin as people slowly realize that Litecoin is just one big marketing campaign. If your investment strategy is to look at coinmarketcap and choose the coins with the biggest market cap, then I don't feel like that is a smart investment. According to you, this is how "smart money" operates. However, I think the "even smarter money" does extensive research on all coins that are available and the ones in development, and then comes to a proper decision as to what they will put their money in. After doing this myself I have come to the conclusion that "smart money" isn't actually so smart afterall.
why should people listen to you who have been unsuccessful in your investments? Are you part of the smart money crowd or are you not and just posturing to make people who are in the "smart money" crowd feel inferior with no basis for your claims but just "I think it is" and "I have come to the conclusion..."?? You can't preach on the topic of smart money if you yourself have not lived it and actually done it yourself. It's like you preaching about marriage when you are divorced in your own personal life. It doesn't work as you are now disqualified as someone to speak on it and have any actual impact on the topic if your own track record proves to be the on the opposite spectrum of what you are discussing. insult #4, I still hadn't replied to you at the time... this whole post is an insult. Yeah Smoothie... I totally started this. |
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LOL I'm just here defending myself just like you do. Fair is far right? lol  You obviously didn't like the fact that I chose to remain on the sidelines on my commenting in the future of LTC and where it will be. Honestly I don't care if it is #2. The fact that cryptocurrecy is alive and well and the genie is out of the bottle and I am a part of the movement is what matters to me the most. Obviously your focus here is on LTC...which is lol.. This thread wasn't about you Smoothie, it was about Litecoin and why I made the decision not to support it anymore. You came in here throwing around personal insults and made it about you, that is not my fault. Yes, obviously my focus here is LTC, as stated in the thread title and the OP. That is how forums work.. the topic of conversation is normally aligned with the thread title and the OP. You are the one that has derailed the thread. If you notice before you came along I was having a healthy debate with members of the community about Litecoin. We weren't debating about Smoothie. |
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CH to be clear so you don't waste time catching up, I never claimed LTC will be here as #2 crypto for years to come. In fact I'm of the opinion I would rather see how things turn out than try to debate this as no one can actually predict the future 100% anyway. It is pointless and a waste of time. Much like the majority of your OP was bitching and whining about how you felt someone or some group of people treated you wrong. Stop crying and grow up. You repeatedly resort to personal attacks when I am trying to have an honest debate. Typical Smoothie. It is obvious to me that you can't really articulate your support for Litecoin, because you know that I would tear your arguments apart and you don't want to be embarrassed publicly like that. You can never be wrong can you Smoothie? How can I be wrong if I never claimed anything? Please rip that apart. You just wish you could get even with me as it appears you have some sort of whiney vendetta against me. You're fooling yourself if you think you don't have some sort of whiney vendetta against me as well, I am simply defending myself. There is a fine line in between defending myself and having a "whiney" (which is not a word by the way, grammar king... death vs irrelevance) vendetta. I don't like you because of one thing you've done to me, it is the culmination of things you've done to me and said about me over the years. You are always the first to start some bullshit argument with me and point out to everyone how horrible I am. This is not all in my head, as you have repeatedly done this to me over and over again. Exactly, you can't be wrong if you never claim anything, and that is why you are not claiming anything. You "don't have the time" to explain why, yet you have the time to argue about pointless shit like this. What a hypocrite. |
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CH to be clear so you don't waste time catching up, I never claimed LTC will be here as #2 crypto for years to come. In fact I'm of the opinion I would rather see how things turn out than try to debate this as no one can actually predict the future 100% anyway. It is pointless and a waste of time. Much like the majority of your OP was bitching and whining about how you felt someone or some group of people treated you wrong. Stop crying and grow up. You repeatedly resort to personal attacks when I am trying to have an honest debate. Typical Smoothie. It is obvious to me that you can't really articulate your support for Litecoin, because you know that I would tear your arguments apart and you don't want to be embarrassed publicly like that. You can never be wrong can you Smoothie? |
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1. I never said you bribed anyone. Which proves your initial claim that I said you were bribing the Litecoin development team as false.
2. My post there was in context response to someone saying I was selling you short on why you left and his justification was that you raised money to donate to the litecoin development team.
3. You yourself even TOUTED that fact (you donated) as if that was some sort of justification on being heard and having a say in the litecoin protocol changes.
How many times have you brought up the fact that you donated LTC to the Litecoin development team while in the same post/paragraph talking about how they did not listen to you and that your ideas fell on deaf ears etc?
lol I just had a funny thought of your OP where you were crying about how Charlie ignored you and that he didn't give you the amount of attention/feedback/whatever you were expecting. lol So funny. Makes you sound like a little baby. Not that you are one. But we can let others decide for themselves what they perceive you as.
Personally I perceive you as a person who over promises and under delivers and whines and cries when any opposition comes your way. Not to mention likes to interpret what I post as one thing when clearly what I said was not what you claimed.
You do like to play the victim. Nice try but I don't fall for that BS.
Personally I perceive you as someone that is very mean spirited, someone that likes to tell the world how horrible of a person I am, a stalker, and someone who changes the topic of the conversation when it doesn't fit inside their argument. So again Smoothie for the 10th time, why will Litecoin remain #2 for years to come? Do enlighten me... the fact that you keep shifting the topic of conversation tells me that you don't have any good reasons. |
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lets understand marketing
infrastructure is the key for investors and businesses to adopt a coin
I run a business and as yet my customers do not understand crypto
If i was to offer them crypto i would select a coin that has a strong infrastructure and investors
btc and ltc both have enterprises supporting this, why is there asic machines on sale if the market was not there, why is there atm's being built if the markets not there
That is a good reason to support Litecoin/Bitcoin right now, I concur. However, if you don't believe that will change over time and the infrastructure and investors won't show up for more innovative and forward thinking currencies, then I feel like you will be proven wrong for reason's I've already stated such as multi coin payment processors becoming the norm and investor money is flowing into these new projects much more so than money in flowing into Litecoin. As you can see here: http://swarmcorp.com/ and here: http://www1.agsexplorer.com/I'm not talking about today, I'm talking about 1 to 2 years from now. I would be surprised if the volume done on a Litecoin ATM would pay for the cost of the ATM. Litecoin ATMs are totally uneccessary at this point, and they will never become popular unless Litecoin is integrated with Bitcoin ATMs. If you think the world will be filled with Litecoin ATMs, then I have a bridge to sell you. please provide me with another coin that has the infrastructure to support my customers cash exchange and a network that is very hard to fall down like other altcoins have after a few months
It doesn't really matter because on exchanges like Cryptsy you can automatically convert any coin you want to Bitcoin or Litecoin. This is part of the reason Litecoin's volume is a misrepresentation of what's actually going on, because it is used as a trading pair for worthless crypto currencies. Any alternative coin that is worth its weight has not fallen on its face after a few months. You just need to do a better job at picking alternative coins IMO. Yes, there have been a lot of worthless pump and dump coins that fall on there face after a few months, but the innovative ones are still very much alive and thriving, even though some have lost a bit of value since their peak... so have all crypto currencies at this point in time. Most of the INNOVATIVE currencies are still somewhere around the top 10 in market cap.. I wouldn't call this "falling on your face." There is a big difference as I stated earlier in between innovation and gimmicky innovation. |
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 sorry just had to this image is cracking me up Lol, is that Jimmy Fallon? |
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Well some of those claims you say have been made I do not believe were made by me. So thanks again for lumping me in with the rest of them. lol If you read my post again I said you never said "doesn't exactly say it will lose its #2 spot" in your comment. But now that you clarified that I'll accept it as a valid prediction with no wiggle room. We will revisit this in 2 years Some of being the key word. You are still spewing a lot of not completely thought through arguments, so you should be lumped in this "the other guys." Like? And be specific because lumping me in with them would not be a honest evaluation of my stance on Litecoin. Of all the things you claimed in your OP that LTC supporters claim, I have never claimed any of those that I can remember. Please refute me with facts/links of where I made claims that aren't thought out and are in the same category of those you keep pointing out in your OP and not just "I know you said it so I know it is true." Did you not read the post I just spent a hour typing? I'm not going to go through your posts and find everytime you talked about Litecoin... as that would take the rest of my life. Why don't you instead tell me why you think Litecoin will stay the #2 crypto currency for years to come and then we'll go from there. |
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Where did I ever claim your donations were bribes or that you were trying to bribe the developers? Dont put words in my mouth. Thanks  Please post a link to where I say that. Thanks. Otherwise stfu please. I linked to the thread on Litecointalk in my post refuting the things you said about me. Actually, someone else brought it up that they thought I was trying to bribe the Litecoin developers, and you more or less agreed with them. You even took it a few steps further and explained to everyone how awesome you are and how much money you donated and never asked for anything in return, insinuating that I was trying to bribe them. Sometimes you need to read between the lines of your posts for the "thinly veiled insults" I keep referring to, but I am sure that they are there and intentional. I am not making that up, as it happens repeatedly. Coinhoarder nice try but you still haven't linked me to exactly where I said what you claim. Which if you can't makes you a liar. Good job attempting to put words in my mouth. I won't stand for it. So please STFU if you can't prove your claim. Thanks FYI reading between the lines =/= something I actually said. Reading between the lines == interpretation of what I said (which isn't necessarily what I said). I'm not putting words in your mouth, everyone can go read it. https://litecointalk.org/index.php?topic=18586.msg166156#msg166156This is done in your usual style that you don't actually say the mean things about me, but you insinuate that they are true. If you didn't believe that I wasn't trying to bribe the developers, then why would you say the following and not something like "umm.. I don't think he was trying to bribe the developers" Typical Smoothie. Here is exactly what you said: So back to my original point, Coinhoarder and anyone else who feels they need to leave is welcome to, but it is hard not to notice how easily he gave up and took his ball and went home. Smoothie, if the amount of money he is said to have raised is true, it hardly can be said he did not at least give it a try. I think you are selling him rather short here... and I still support litecoin. Just because he raised a few thousand dollars does not mean he should have the ability to dictate the development of Litecoin. As I've already indicated I raised 1000 LTC and donated it to the LTC developers with no expectations but rather as just a form of support to their efforts to keep the Litecoin protocol secure. In the end, no one dictates litecoin, the OVERALL NETWORK does. Coinhoarder made the mistake of running away at the first sign of opposition to his goals. If he really wanted development done in a particular direction he should have taken the funds and put them towards developing the exact items he wanted to see (supposedly via developers that are willing to build what he wants). In this case it wouldn't be a "donation" but rather payment for said development, of which is worlds apart from what he did by donating to the LTC development team. Remember donations to any development are not a right to dictate the outcome of the development process. That is why they are called donations. If I am not mistaken this is what Goat/TheLitecoinFoundation (user) did when approaching the LTC dev team to send "donations". I believe Warren mentioned this to me several months ago. I am not in support of this type of action. Sounds more like LOBBYING rather than donating. |
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Where did I ever claim your donations were bribes or that you were trying to bribe the developers? Dont put words in my mouth. Thanks Please post a link to where I say that. Thanks. Otherwise stfu please. I linked to the thread on Litecointalk in my post refuting the things you said about me. Actually, someone else brought it up that they thought I was trying to bribe the Litecoin developers, and you more or less agreed with them. You even took it a few steps further and explained to everyone how awesome you are and how much money you donated and never asked for anything in return, insinuating that I was trying to bribe them. Sometimes you need to read between the lines of your posts for the "thinly veiled insults" I keep referring to, but I am sure that they are there and intentional. I am not making that up, as it happens repeatedly. |
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Well some of those claims you say have been made I do not believe were made by me. So thanks again for lumping me in with the rest of them. lol If you read my post again I said you never said "doesn't exactly say it will lose its #2 spot" in your comment. But now that you clarified that I'll accept it as a valid prediction with no wiggle room. We will revisit this in 2 years Some of being the key word. You are still spewing a lot of not completely thought through arguments, so you should be lumped in this "the other guys." |
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I can no longer recommend it as a good investment at this point in time.
Are you a financial advisor? No, but I like to pretend to be one. I will give them (well… Warren) a bit of credit for improving some security issues on both Litecoin and Bitcoin, but they do not see the glaring issue in that the end users don’t actually ever see these improvements.
Since when does innovation = success and only in that case? How about I name drop on you: Toyota, Honda, Kia, etc. They all COPIED Ford yet they haven't changed much about the design of a car in the innovative sense, yet they have been successful. innovation =/= success innovation =/= market acceptance innovation =/= network effect I'd venture to say there are more companies that have failed, or at the very least not done as well as they could have done, by not embracing innovation and being more forward thinking. In the OP I listed a whole paragraph of them that dwarfs your tiny list of examples in one industry, and I even forgot one of the biggest ones... AOL. I believe my examples were mostly technology companies, as with crypto currencies, things develop quickly and those that don't innovate and adapt are left behind. It is completely different than the automobile industry which technology is not really advancing at such a fast pace. We could sit here naming companies that have innovated and been successful, and companies that have not innovated and still been successful all night. This is again an opinion and it seems yours differs from mine, the difference is you act like your statements are facts when I admit my opinions are just that... opinions. I guess it also depends on how you measure success. Success to me is staying as the #2 crypto currency or maybe even surpassing Bitcoin. If you deem Litecoin to be successful just as long as it doesn't die (which admittedly is impossible.. scotcoin is still kicking, see last page of coin market cap), then I guess that is again your opinion. I hate that I have to explain myself again as I've already gone over the following in great detail in his thread. It would be nice if you actually read the thread before posting. I've gone over market acceptance and the network effect already in this thread if you would have read it before posting. As to market acceptance.. payment processors will add the most popular crypto currencies regardless of whether their name is Bitcoin or Litecoin. The reason for that is merchants will get more business than they would have if they only accepted Bitcoin or Litecoin. I am certain I received a few extra sales for physical Litecoins because of the fact I used coinpayments.net as my payment processor which accepts 30+ alternative crypto currencies. I had a few people pay in coins that are not named Bitcoin and Litecoin, and Im not sure if I would of made those sales if I only accepted Bitcoin and Litecoin. It just makes sense to merchants to give their customers as many options for payment as possible, so that they can do more business than they otherwise would have been able to do by only accepting one or two coins. The most forward thinking payment processors will become the most popular ones, those that only process payments for one or two coins will slowly be phased out as merchants pick the payment processors that give their customers more options to pay. If you get paid with a crypto currency that you don't want to keep, it is stupidly easy to have an exchange like Cryptsy automatically and instantly (or place an order on the top of the sell side and wait a bit) exchange those coins for a coin that you do want. This is all a no brainer to me.. it is not even up for discussion. Other popular coins will become just as widely accepted as Bitcoin and Litecoin over time due to these reasons. I agree the Litecoin has the network effect going for it, however I think most Litecoiners overestimate the importance of the network effect when it comes to Litecoin. They see how important Bitcoin's network effect has been to its success, and think it will automatically translate over to Litecoin. Bitcoin's network effect is much stronger than Litecoins. Bitcoin is the one in the news all day everyday, not Litecoin. Litecoin's network effect is somewhat limited in scope to those that are already in the crypto currency community, someone is exponentially more likely to find out about Bitcoin before Litecoin, due to its network effect being much stronger. Since Litecoin's network effect is somewhat limited to this community, people are more likely to see through the bullshit arguments for Litecoin and see it for what it is... Bitcoin with a few changed parameters. Crypto currency users/investors want new and improved features
Thanks we can all speak for ourselves. Well, I can certainly tell that you can speak for yourself. The free market will speak for itself as well and prove your statement true or not. But it isn't for you to claim it as true.
The free market agrees with me over the past six months, so by your own statement you have proven yourself wrong. The same amount of Litecoins can only buy about half of the Bitcoins they could of bought 6 months ago. The free market is seeing what I am seeing, and only the true hardcore Litecoiners are left living in denial. By staying three steps behind Bitcoin in the crypto currency wars, they are positioning themselves to be obsolete if Bitcoin is ever supplanted by a new crypto currency that is much better.
Looks like Litecoin did just well when Bitcoin forked the block chain in March of 2013 due to the fact that it was 1 or 2 releases/versions behind Bitcoin. Yes, you are right that is one instance of Litecoin being 3 releases behind as being a good thing. Actually... the only instance of that. Congratulations. What I meant by that statement is that if another crypto currency was to become so popular due to its features and innovations over Bitcoin, that Litecoin is dead in the water. If Litecoin would embrace innovation and be more forward thinking, then they would still have a chance in this scenario because they would have more features than Bitcoin does and less likely to topple. I made a hard push to get Litecoiners behind the idea of implementing new decentralized features, such as asset exchanges and decentralized applications, and I was completely ignored by the developers and dismissed by most of the Litecoin faithful.
So you were depending/expecting others to do it? Why don't you take it upon yourself to hire people to do what you want to get implemented then have it released out into the wild so people can choose to adopt or not? That seems like a better approach than yours described above as a "hard push" which equates to posting on a forum. lol #1 - I am not a developer #2 - I do not own any Litecoins and haven't for about 6 months or so. #3 - Since I don't own any Litecoins, I didn't feel it neccessary to put it upon myself to do all the work of forming a team to create new features on top of Litecoin. What would be in it for me since I don't own any Litecoins? Again, although I like to spend my free time supporting causes I am interested in and think are important, making people who own Litecoins rich is not one of those causes. As I've said to you before, I don't see you over on the Feathercoin forums trying to help out Feathercoin. Why is that? Probbly because you don't own any Feathercoins. That is just a random example, but would be applicable for any crypto currency you are not interested in and/or do not own. This is how the “best development team” operates? Completely ignoring their user base and someone that has gone out of his way to support Litecoin time and time again?
You sound very judgmental here. Not everyone can always respond to everyone and just because you didn't get an answer or the answer you wanted isn't reason enough to give up and whine. I've donated to the litecoin development team 1000 LTC and haven't made as much ruckus about them ignoring people as you have. Time and time again? You make like you donated enough funds to get the changes you wanted done done. Yet you should just get it done yourself if you are that passionate about it instead of complaining so-in-so is not doing what I asked or isn't responding to my request for these changes. I direct you to my last statement, I did not (and still don't) own any Litecoins at the time, and it is not my job to make you guys rich. It is not my fault that you guys can't see where crypto currencies are headed in the next 1 to 2 years. I think you will realize that new and improved (innovative..) features are a good thing for crypto currencies to compete in this very competitive industry. This is not the only case where the developers have done as they pleased, many voiced concerns about ASICs coming online and ruining the decentralized nature of the network, making people pay for hardware that will never ROI and sadly has little to no resale value, and suscept the Litecoin mining community to pre-ordering hardware they may never even see (or at least they likely will never see on time before the difficulty skyrockets like what happened with Bitcoin.)
1. No one makes people pay for hardware. They can make their own choice. 2. ASICs can't be stopped. Changing the mining algorithm would mean a hard fork which likely will burn many users who are not paying attention to the update. 3. Complaining that mining is a fool's game sounds like your version of not looking at the risks of mining before investing and now hind-sight is getting the best of you. 1. You are right, no one makes anyone pay for mining hardware, however when all mining hardware available is unprofitable, what is the point of buying it in the first place? Many people that have bought Bitcoin ASICs (and now.. Scrypt ASICs) are starting to realize it's a fools game. Once this sentiment is shared by the community, the network will become more decentralized than ever as old money crypto, corporations, and old money FIAT take over mining. Again, at that point it is not a decentralized currency like what you are advertising it to be. 2. A hard fork is better than mining being monopolized by old money crypto, corporations, and old money FIAT. Crypto currencies are marketed as being a currency by the people for the people, but that will not be the case once they are controlled by a small group of powerful individuals. They can literally do anything they want at that point. I have faith that someone will find a way to block out ASICs from mining, as I think it is a horrible thing for a decentralized currency. If not, then there are always PoW alternatives like PoS. I think PoW is on its death bed as it's so wasteful. I again point to Forbes estimating that in December $15 million in electricity is wasted by securing the Bitcoin block chain every day. If you are 100% for PoW and not alternatives like PoS, then I feel like you must hate planet earth. There are other more sensible choices that don't use a fraction of those energy costs. Furthermore, there are certain use cases like Primecoin which actually do something useful to society with their PoW. Sure, finding prime numbers is not all that exciting, but it helps in the advancement of mathmatics which is a lot more than SHA256/Scrypt can say. There are other interesting use cases like coins that award users for BOINC processing etcetera. If we're going to burn the electricity and you insist on using PoW, then we might as well be doing something useful with it. These are only the first use cases of using PoW to do something useful, I have a feeling that more will come along that will be deemed "more useful" than its predecessors. Primecoin was important in that it showed that the PoW can be so much more than just a waste of energy and securing the block chain. 3. Complaining that ASIC mining is fool's game is just the sad reality of Bitcoin/Litecoin mining today. Since I'm so bad at picking ASIC horses, how about you go purchase some ASICs and come back to tell me how you do. I would be shocked if you broke even in terms of Bitcoin. There are many people on these forums that know where I am coming from when I say that ASIC mining is a fool's game. The ASIC manufacturers squeeze all of the profit out of mining, leaving their customers lucky to earn back their money and left with worthless mining equipment. Litecoin is not a back up to Bitcoin. If a huge flaw is found in Bitcoin and someone attacks it, Litecoin is likely to share that flaw.
And you think newer code bases for other coins which have not been as extensively tested for flaws would be a better choice? lol I do not think that the newer coins will become more popular than Litecoin because of their security, they will beat Litecoin because they are more forward thinking and innovative than Litecoin. The security issues will be solved over time, and people will trust the newer coins more and more as time goes on and no problems are had. Sure, they may not embrace them quickly.. this is why I'm giving Litecoin 1-2 years to stay at #2. Furthermore, over time more and more developers will look at, analyze, and update the code base of these coins, making them just as secure as Litecoin today. To say that just because a crypto currency is new it is not as secure as Litecoin is baloney. If the developers were well educated, smart, and security focused, there is not reason why their crypto currencies couldn't be as secure or even more secure than Litecoin. Crypto currencies will certainly take a hit if Bitcoin dies, however it will not be the end of this movement I am certain of that.
For once I agree with you. The genie is out of the bottle. At least we agree on something. Coblee was nowhere to be seen in the Litecoin community. Once the price started to rise he suddenly showed up and started making an effort. I have no problem with that, but I couldn’t help but notice the coincidence.
No one is required to be at a certain place at a certain time. Some of us have lives and to make a judgement purely on him is childish. He was gone for months, and as I said in the OP I am not judging him for that, but it was hard not to notice the coincidence that he showed back up when Litecoin went up to $0.15-$0.30. Ever since Litecoin blew up in price he has been a lot more active as far as posting and development, but for a long time people (me including) were upset with him for the lack of updates and were worried about Litecoin. Litecoin was way further behind on updates at that time, much more so than only 1 or 2 updates. Even if he is busy with real life, he could of recruited help (which it seems that's what he ended up doing.) However, he didn't do that until he saw Litecoin rising in value and realized it could actually be worth something one day. It seemed like it was just a hobby he lost interest in for before then. For instance, Coblee seemed genuinely excited and even encouraged me to make my physical Litecoins at the Bitcoin conference in 2013, even stating that he wanted one! He completely ignored me after this, only replying to one of my controversial posts when the ASIC debate was at its peak. I have seen him supporting Smoothie and his ventures, and even the new “Coinographic” guy, but he never once supported me publicly- only privately in conversation and then ignored forever.
So because in your view Charles didn't "support" your physical coin efforts in the way that you had expected you are going to complain about it? Charles wasn't always available to me when I sought him out. But you don't hear me crying about it as I am aware he is a family man and has much more important responsibilities than "making Coinhoarder feel like he is supported in his physical litecoin endeavor". lol I have much more respect for Coinographic because so far he has not given me a reason to not like him. He so far has kept his word and looks like he has his sh*t together. There are some things he has yet to deliver on but time will tell on that. He hasn't used me or my coins as a basis to lift the development of his coins up (in words) as you have done in the past. Yes, this was a factor in my decision to leave. This was not the only case of the developers ignoring me, as you can see in my "community project: let's create a protocol on top of Litecoin" thread. That was the final nail in the coffin when I was completely ignored in that thread and the thread was moved to alternative crypto currency subforum. Maybe its just me, but if I was the creator of Litecoin, I would go above and beyond to support the people that are putting forth a real effort to further the Litecoin brand and name recognition. I can't help but notice him supporting and posting in your and Coinographic's threads and voicing his excitement and support... he really seems genuine. It is odd that I got left out of that group.. if he doesn't have the time, why does he have time for you guys? This goes back to my thinking that there is a click in Litecoin that is hard to get into. I'm not sure who Coinographic is, but I would venture to say they've been around for a while and are part of the "good ole' boys" club like you are. If I am not appreciated for what I am doing, then I am not going to continue to do it. I didn't make ANY money off of making and selling coins.. it all went to my bad decision for a BTC denominated loan. I am still paying for that decision today. So in summary, yes that was a factor to my decision but it obviously is not the only one. Maybe that is a bit childish and I can see how you could think that, but it is what it is. "I ams who I am" - Popeye Faster block times are no longer a good selling point, as there are other coins with faster block times that don’t have a huge problem with stales etcetera. Anywhere in between a minute and two and a half minute block time does not suffer from the things that Litecoin says will happen if they go any faster, at least not to the point where it is a huge problem. Everyone knows by now that Litecoin confirmations are less secure than Bitcoin confirmations.
I personally believe there is a market for faster transaction confirmations. Bigger purchases can stomach longer confirmations like in Bitcoin. But if you are going to pay for coffee who will wait for 10-60 minutes for a bitcoin confirmation? There has to be something to fill that market. Whether it is LTC or not is irrelevant. The faster block times in my view is a good positioning mechanism in the crypto space at least for litecoin it is. I agree there is a market for faster transaction confirmations, however there are coins that are faster than Litecoin so I don't see Litecoin as being the solution to this. Who is going to want to even wait 2.5 minutes to pay for a cup of coffee?? Answer: no one. The reasoning Litecoin supporters have given for not going with a quicker block time than 2.5 minutes have been proven false by a lot of the copy and paste coins that came out. They claimed that they would be filled with problems like stales and forks, however it has been proven that a block time of one minute to two and a half minutes is not the end of the world like Litecoin supporters had claimed. Since there exists much quicker block speed coins, I don't see this as being a reason for Litecoin to be #2. Furthermore, many merchants and payment processors process small payments (like a cup of coffee would be) instantly because a confirmation for a $2 purchase is not really necessary. The amount of times you're going to get double spent on are going to be so small compared to the instances where the transaction will happen as advertised across the network. It is going to take something truly innovative to supplant Bitcoin, and by coincidence Litecoin as well since they are content blindly following Bitcoin.
Last I checked Litecoin was never meant to replace Bitcoin. Yes, but the newer more innovative and more forward thinking coins may not share that same sentiment. |
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This is my side of the story saigon, here is the unedited post (although I see a couple things I'd like to change/elaborate on.. but whatever, here it is:) I can see how you could get that from what I said, however it isn't completely true. Mage asked me why I was so hostile, so I explained the reason. I have been meaning to explain myself and my reasons for leaving after I read what Smoothie said about me in this thread: https://litecointalk.org/index.php?topic=18586.15Is it wrong to defend myself when someone is practically talking about me behind my back? I know these are public forums, but that was practically what he was doing. It was done in Smoothie's usual style- he likes to act like he really cares about the subject, then he inserts thinly veiled insults throughout his posts. He follows them up with sayings like "but I wish him the best" and "good luck to him" etc, to hide his true intentions for the posts. Anytime Smoothie has a chance to say something bad about me he will, as he has done for about a year now since coincidentally I started competing with him making physical Litecoins. I will give you a few examples of what he said: "I agree with the overall tone of this post above but I do have to say that the way Coinhoarder is choosing to leave is somewhat silly. It is his choice and I respect that but I'm the type of thick skinned individual that doesn't run away at the first sign of opposition."I am supposedly a thin skinned individual that runs away at the first sign of opposition. Who knows, that may be true, I am still learning things about myself everyday. However, it is a very rude thing to say and Smoothie doesn't know all of the details of why I decided to leave. Who is he to say such a thing? "Coinhoarder says "it is a lost cause trying to get these guys to embrace innovation" yet I don't see him writing code and getting development on his end done whether or not he is a software engineer or not."The thinly veiled insult: Since I don't write code I was not trying to contribute to Litecoin's development. That couldn't be further from the truth. In Smoothie's words, pretty much everyone on the forums that is not writing code is not helping out with Litecoin. Such a ridiculous statement. "So back to my original point, Coinhoarder and anyone else who feels they need to leave is welcome to, but it is hard not to notice how easily he gave up and took his ball and went home."Again, I run away at the first sign of opposition. Smoothie again doesn't know all of the details of why, what, when, or how. He is not my friend and I do not talk to him and tell him these things. The truth of the matter is that I am flat broke, I have no cryptocoin savings. Is that really taking your ball and going home? I didn't have a damn ball to begin with. It didn't make sense to me that I fight and claw to make some changes to Litecoin when I don't even own a single one. Even though I didn't own any coins, I still put in a good effort and I was largely ignored. Is that really my fault? And who can blame me? I don't see you guys over on the Feathercoin forums trying to help them out. Why? Because you probably don't own any Feathercoins. (just a random example, replace FTC with whatever coin you'd like. Bossman, you yourself said "come on now , your going to leave this community because the devs don't see eye to eye on your vision of a alt coin built-on top of Litecoin? Nothing is stopping you forming a team and doing this yourself."I again point to the fact that I don't own any Litecoins and am broke. Why should I work my ass off and form a team to make it happen just so you guys can get rich? There would be absolutely nothing in it for me. Although I like to devote my free time to causes I support, making you guys rich is sadly not one of them.
Back to Smoothie... "Just because he raised a few thousand dollars does not mean he should have the ability to dictate the development of Litecoin."Smoothie then accuses me of trying to bribe the Litecoin developers to get my way, which couldn't be further from the truth. All of my donations to the developers have been no strings attached, I just happened to be trying to gather support for some of my ideas and I suggested they come take a look at my thread when I made the donation. They never even acknowledged the existence of the thread until after I had left. I know they are likely busy, but its hard to believe that the creator of Litecoin never reads the Genereal Discussion subforum on the Litecoin forums every once and a while (the thread was on the first page for about a month). Well.. I'm getting sidetracked now... "I have to disagree with your statement of "selling him short". Just because he had a little opposition, to me, doesn't justify taking your ball and running home. But then again I am speaking from how I would have reacted to the same situation given I am quite thick-skinned."Again Smoothie talking about things that he doesn't know the full story and making inferences about me and how he is so much more of a man than I am. "There are many other things I disagree with that he has done like saying one thing and not following through on it. I'm a big advocate of saying something that I intend on following through with and not just saying it to say it."Smoothie is obviously not human, as the doesn't make mistakes. Nothing ever went wrong once in his life that caused him to not be able to do what he said he will do. Not even once... again, he is so much more of a man than I am.. I wish one day I can be like him. "The tone that CH left on in my view was a somewhat arrogant tone as if "I don't need you guys.". Prior to his coin business his attitude was not that, but now it appears to be so."My tone has never changed from before the coin business to after. I am honest, and I will say just about anything that comes to my mind. I do not hold anything back, as you should probably be able to tell by now. If you knew me or read my posts before the coin business, you will know what I'm talking about. As I said, I've watched CH on the forums and am speaking from following his post history. Smoothie apparently watches me and studies, and he seems to know me better than I know myself. I wouldn't be surprised if he has pictures of me up on his wall with all my posts printed out in chronological order to determine my tendencies. ------- You know Bossman, I was actually going to let all of this slide and not respond to any of it. I am a pretty laid back guy, but now that Smoothie is launching a smear campaign against me I feel the need to explain myself and my reasoning, and prove that I did have real substantial reasons for not supporting Litecoin anymore. The smear campaign Smoothie has set out against me has pushed me to write all of this. Otherwise, I would leave you all alone. I had no intentions on posting in these forums after I left. If you read my good bye post, it sounded like I would not be coming back- because I was not planning to. However, Smoothie has started this war with me and this is only the first battle. Smoothie is a very mean spirited individual that will stick a knife in your back and twist it at you lowest moment. As I have stated I am broke, just moved in with family, depressed, etc... Smoothie knew all of this, yet he still pressed on to try and ruin me. I am certain he has no heart and is a horrible human being. That is all I have to say for now. |
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Ok - so read through the Litecoin Talk thread...It seems to me that Coinhoarder donated $1000 worth of LTC - his suggestions for changes to Litecoin were 'ignored' - this seems to have upset him. Unfortunately donations to the developers does not give a right to dictate Litecoins future, very much like what Goat did when he setup the Litecoin Foundation with an agenda to sell physical Litecoins. Donations should show support for Litecoin, not follow up with getting upset when the developers didn't do what you wanted.
Its a shame you turned your back on Litecoin, but your posting tone is pretty arrogant - you supposedly left Litecoin in April but seem upset enough months later to continue posting about it. Your OP had some valid points but your tone lately shows someone who is upset, pissed off and hurt they were not listened too.
OP - What crypto community did you join after your left LTC? Genuinely curious..
As I have explained over at the Litecoin forums in a separate thread where I addressed what Smoothie had to say about me (I will quote it after this post so you can hear my side of the story.) I would of left Litecoin whether or not I made the donation. All of my donations to the Litecoin development team have been no strings attached. This is something I cared very deeply about and I thought it was necessary that Litecoin make some changes to stay relevant. Smoothie is the one that accused me of trying to bribe the developers to get my way, which couldn't be further from the truth. This is just another case of Smoothie speaking of things he knows nothing about. Smoothie has been talking crap about me on Litecointalk and Bitcointalk forums, so this is why I feel the need to defend myself. If someone started attacking you would you just sit there and take the blows? Sorry, but I'm not Jesus. I haven't chosen which coin I'm going to support next, but I can tell you the projects that I find are interesting to me. In no certain order... Counterparty, Mastercoin, Bitshares, Bitshares AGS, Swarm, Ethereum, Nxt, Maidsafe, Monero, and Zerocash. I am still deciding, but there's no reason why I couldn't support a few or all of these projects.. they are all much more interesting to me than Litecoin ever was. I am sure I'm forgetting a few too.. there are so many awesome new coins coming out. |
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If I think Litecoin will remain number 2 throughout the rest of this year and possibly next year, how is talking about it right now prolonging its life? If anything I am exposing the bullshit that you guys keep spreading about Litecoin.
Again, lets debate the arguments for/against Litecoin Smoothie, I'm ready for you. I've just been warming up the first 6 pages of this thread.
Looks like your word means nothing as you still have me not ignored lol. What bullshit are you talking about? Are you claiming the following? "I think Litecoin will remain number 2 throughout the rest of this year and possibly next year" If so, well doesn't sound like you are too sure on your prediction as it is rather general and doesn't exactly say it will lose its #2 spot. Perhaps you can be more clear on your stance as opposed to making vague comments and then being able to retract and side step when proven wrong? Thanks Vague comments? I have been the most thorough person in this thread when it comes to explaining what I believe and why I believe it. I am as sure of my prediction as you are that Litecoin will remain #2. No one can tell the future, and I am not claiming to be a fortune teller. I am stating my opinions that are based on facts and events that have happened over the past couple years. I'm talking about the bullshit arguments that Litecoiners use to support the reason for its value, most of them are ridiculous. I don't know how I can be any more clear. I think Litecoin will be replaced as the #2 crypto currency in the next 1 to 2 years, possibly sooner. That is not vague at all, what did you want.. an exact date and time this will happen? |
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lol there you have it people...CH made this thread because of me and how he did not like how I spoke about him leaving the LTC community which is something he made public for everyone to read. Because I had an opinion doesn't mean it was rude. It was only rude in your opinion, not in actual facts. Anyone is welcome to go over and read what CH wrote before he "left" then came back. lol CH claims Litecoin is dying a slow death (meaning it will die at some point) yet is still talking about LTC which keeps it alive. Genius. thanks for this well reasoned post.
do you feel the added security of the litecoin blockchain with new asics on the way will prolong the life of litecoin, or accelerate its demise?
It's hard to say. I feel like in the long run it will be a bad thing, but the effects of the centralization of Bitcoin/Litecoin mining won't be felt for some time. As corporations, old money, and old money FIAT take over mining, the affects will start to show. At that point they are no longer decentralized currencies, it is moving that way already. I think Litecoin will remain number 2 through at least the end of the year and possibly next year too. However, things are moving so quickly that it is completely possible that its demise could happen sooner rather than later. I think Bitcoin will be much harder to topple than Litecoin. If I think Litecoin will remain number 2 throughout the rest of this year and possibly next year, how is talking about it right now prolonging its life? If anything I am exposing the bullshit that you guys keep spreading about Litecoin. Again, lets debate the arguments for/against Litecoin Smoothie, I'm ready for you. I've just been warming up the first 6 pages of this thread. |
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Yeah Smoothie, I'm just going to let you unload on me and not defend myself...
When I saw 8 ignored posts from you I had a feeling you were talking shit about me and I was right.
I have the right to defend myself.. anyways as you say I'm not a man of my word, so did you really expect me to keep you on ignore like I had said I would?
Again, feel free to debate the arguments I made against Litecoin, otherwise you are dead to me.
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