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Author Topic: Bitcoin is in deep trouble. Litecoin to take its place soon.  (Read 9225 times)
HCLivess
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July 02, 2015, 09:40:35 AM
 #161

it can handle many more transactions due to confirmation speeds
it is more decentralized
china loves it
it has enormous hash power
it always worked as a lever towards btc

there are many reasons for it to be way more worth than now

Oscilson
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July 03, 2015, 06:36:39 PM
 #162

it can handle many more transactions due to confirmation speeds
it is more decentralized
china loves it
it has enormous hash power
it always worked as a lever towards btc

there are many reasons for it to be way more worth than now

No true. The block size of bitcoin will be increased. Bitcoin will also have side chains.
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July 04, 2015, 01:19:19 AM
 #163

Holy crap it makes me feel warm inside to invest in an uninnovative shitcoin, since bitcoin is supposed to be in trouble. Oh, I almost forgot: LTC is silver to bitcoin's gold.

People who hoard LTC long term must be insanely fucking stupid, easily darwin awards material.

I do get it if traders want to make a quick buck though. Nothing about LTC says it's worth anything.
Zer0Sum
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July 04, 2015, 02:46:38 AM
 #164

it can handle many more transactions due to confirmation speeds
it is more decentralized
china loves it
it has enormous hash power
it always worked as a lever towards btc

there are many reasons for it to be way more worth than now

Actually, you missed the #1 (safety) and #2 (liquidity) value of LTC.

Being able to safely and quietly move 5-6 figure sums of money globally is very valuable...
Every money transmitter in the world takes both BTC and LTC...
Litecoin will be valuable as long as Bitcoin is valuable.

Compare, say, the #13 coin BCN or #15 XMR... to Litecoin.

BCN trades only about $10,000/day (versus millions for LTC)...
The BCN wallet keeps losing connection... and you regularly get "unconfirmed" tx that cannot be cleared...
And this is after 3 years of development even basic shit does not work.

XMR trades only on Polo... and has no official wallet after > one year... YOU CANNOT MAKE THIS UP.

No one uses BCN or XMR. They are dodgy and WORTHLESS, but small cliques keep them pumped.
NattyLiteCoin
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July 04, 2015, 04:26:57 AM
 #165

Holy crap it makes me feel warm inside to invest in an uninnovative shitcoin, since bitcoin is supposed to be in trouble. Oh, I almost forgot: LTC is silver to bitcoin's gold.

People who hoard LTC long term must be insanely fucking stupid, easily darwin awards material.

I do get it if traders want to make a quick buck though. Nothing about LTC says it's worth anything.

Couldn't agree more, sir. One day our like minds will be sipping cognac by the champagne waters of the South Pacific.

You're shit is broke, because you don't work.

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Oscilson
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July 04, 2015, 07:02:24 AM
 #166


XMR trades only on Polo... and has no official wallet after > one year... YOU CANNOT MAKE THIS UP.

No one uses BCN or XMR. They are dodgy and WORTHLESS, but small cliques keep them pumped.

XMR trades on Bittrex as well.
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July 05, 2015, 05:02:23 AM
 #167

To say warren and Charlie are not competent developers is irresponsible. What fucking "innovations" are you guys talking about? Is a solid ledger backed by a TH of PoW not 'good' enough? Think about what some of you are saying, we're just in the infancy of adoption and your bashing an established mechanism for decentralized, P2P monetary exchanges?

Get over yourselves, and come up with something better. And you want to talk dollars and cents? Add up ltc/btc volume against any other coin. Even if the Chinese volume is some what faked, it's not even close. Give props where props are do. If you're in the crypto game, LTC is your daddy if your names not BTC.

Failure to deal with the fixed blocksize limit issue in Litecoin is irresponsible.

Assuming that XMR would ever need to support >28 TPS is clearly irresponsible. Don't bash excellent contributors to the crypto sphere who do it pretty much because they love it. Some of us should be so blessed.

What is very irresponsible is hard coding into the protocol of 28tps after observing the debate in Bitcoin going back to 2010. The hard blocksize limit is precisely what has got Bitcoin into its current problems. This issue remains in Litecoin and if, as it is likely, Bitcoin deals with this issue the limitation will still remain in Litecoin. The Litecoin community has missed the golden opportunity by ignoring this issue.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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July 05, 2015, 06:36:23 AM
 #168

What is very irresponsible is hard coding into the protocol of 28tps after observing the debate in Bitcoin going back to 2010. The hard blocksize limit is precisely what has got Bitcoin into its current problems. This issue remains in Litecoin and if, as it is likely, Bitcoin deals with this issue the limitation will still remain in Litecoin. The Litecoin community has missed the golden opportunity by ignoring this issue.

Litecoin's blocksize will last us a few more years. If we do decide to change it, we likely won't run into the same political nightmare that Bitcoin is dealing with today. This is because members the Litecoin development team have very similar vision for the future of Litecoin.

The current direction that the Litecoin development team is thinking about is to create a fee marketplace. This, in our opinion, is a better approach to the blocksize debate than to recklessly increasing the max blocksize without full understanding of the consequences.

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