I've always been really curious, and this isn't a joke or mean statement or anything of that sort. For all the rest of the alts who continue to bash on Litecoin, what does your coin do that makes it special? And if its so special, how is it beating Litecoin at anything (marketcap, liquidity, merchant adoption, users, etc).
I personally reach out to other coins to form bonds and friendships, because at the end of the day all of the intercoin fighting doesnt do anyone any good. I have friends in multiple communities, and we respect each other.
If "the other alts" really want to do something worth wild, I suggest forming bonds with other communities instead of pushing something as innovative and trashing others. Thats where the true value is held, not in some fancy technique that is being developed that can't pass what I dubed the grandma test (grandma cant understand Litecoin or Bitcoin, how is she going to understand loading contracts on the blockchain).
PS none of this is a jab or directed towards a coin or its community, but rather the trolls of their communities (which I'll be the first to admit that everyone, even Litecoin, has its trolls).
I might tackle this. I got out of the litecoin community (mostly) after feeling fleeced by the community vouching for Jasinlee. I know it wasn't their fault & I made my own decision - so it wasn't that I faulted anyone else. But it left a bad taste in my mouth. I do still have some shares in ltcgear so we'll see how that one turns out. I actually really do like litecoin due to the faster transaction times. But the pressure on the market is increasingly making it difficult for litecoin to survive. I also think that PoW combined with the lowering block reward is fundamentally broken.
If you imagine the number of tokens going out every 15 minutes as the "support" for all the coins that have already been released (security) - then as the price goes up the incentive to attack goes UP while the number of coins released to pay for protecting the network goes DOWN. I think this is a fatal flaw of both Bitcoin & Litecoin. FWIW I also hate PoS so ... I'm not presenting a solution.
I'm primarily interested (nonchalantly) in Monero and Ethereum. At least the former suffers from the inverted pyramid / network security problem I described. But the mathematically provable anonymity & dynamic block sizes as well as ASIC resistance makes me much more interested in it than I ever was in litecoin.
Ethereum isn't really made for Grandma - but more for sophisticated business uses where the end user won't need to understand everything or anything under the hood - only developers will. I think it will have some interesting future ramifications and the economic structure (as much as people hate it) is setup as much LESS of a pyramid scheme than bitcoin/litecoin/monero.
I also like the communities better (aside from rptelia & friends. And a few shills) There is MUCH more talk on solving fundamental problems in crypto than "moontalk". Not sure who's pitting the Monero vs Litecoin communities - but you should pay closer attention to names like Carnth & Smoothie o.O
I've got nothing in the world against the litecoin community except for *possibly* the apathetic attitude towards ASICs until it was too late to do anything about it. I feel the security of GPU's are still probably better than either CPU or ASIC so it would've been nice to see a different outcome to that scenario. A decision made for the security & uniqueness of the coin rather than people hoping ASICs would send them to the moon. Litecoin does smell pretty strongly of early bitcoin adopters who hold hoards of dozens of thousands of coins and I'm fairly certain that they are the ones who've tanked the market over the last several months (opposed to coin emissions).
