How is bitcoin better than litecoin?

[LiteBit]

Well? Let's hear it.

Obviously Bitcoin is much better than litecoin.Because Bitcoin has big market and world wide acceptance. 

A large market and acceptance doesn't mean it is better by that standard then paypal is better than Bitcoin and we all know that is just not true.

you can not compare bitcoin with paypal at this stage. bitcoin is at its early stages and still needs more time and acceptance while paypal was around much more time hence the bigger market.

Paypal IPO'd 4 years into existence @ 1.5 billion. Bitcoin is in year 5.

[1715461612]

1715461612

[1715461612]

1715461612

[feverpitch]

Bitcoin isn't better it's just adopted and taken better by the mainstream.  Bitcoin could easily be Litecoin and we'd be in the same position, but Bitcoin reached the market first.

Just my thoughts though.

[goosoodude]

Well? Let's hear it.

Obviously Bitcoin is much better than litecoin.Because Bitcoin has big market and world wide acceptance. 

A large market and acceptance doesn't mean it is better by that standard then paypal is better than Bitcoin and we all know that is just not true.

you can not compare bitcoin with paypal at this stage. bitcoin is at its early stages and still needs more time and acceptance while paypal was around much more time hence the bigger market.

Paypal IPO'd 4 years into existence @ 1.5 billion. Bitcoin is in year 5.

You can't compare that. Paypal was implemented in a worldwide and huge business. It could be marketed HUGE and without costs by ebay. And they pressed hard so that users had to use paypal. The result was paypal getting a widely used worldwide currency.

Bitcoin instead had nothing like that. So that bitcoin is at the state it is now shows that there is some value in it.

[JarvisTechnology]

Well? Let's hear it.

Litcoin is the previous version of digital currency and bitcoins are the earlier one.
Bitcoin has an active group of core developers which helps in implementing and making easy to use by every one. 
Every thing has some drawbacks as Litcoin have for what "Bitcoin" introduced...

[mark coins]

It's likely the in the long run no alt coin will outperform bitcoin. its hard to say which alt coin will survive and hit critical mass

[AccountStore.biz]

Better in what way? A thing does not have to be better than something else for it to be more valuable than it.

[Cryptock]

Bitcoin has a lager crowd. Litecoin is just for pure trading

[krazey]

Bitcoin has a lager crowd. Litecoin is just for pure trading

This. True for most other alt coins too.

[Searing]

Bitcoin has a lager crowd. Litecoin is just for pure trading

This. True for most other alt coins too.

my only issue with LTC is will it keep its historical of between 0.006 LTC to 0.01 LTC to BTC format ..if so ..I can make some $$$ still mining it

and the usual when to hold and when to sell with the halving coming up

interesting times..but you'd think LTC would exist in some format as an alternative to BTC just cause humans LIKE alternatives

but I've no clue...just tossing it out there as a plea to the ASIC gods

[BillyBones]

Well? Let's hear it.

With bitcoin, we have a secure, programmable form of money that can be used for global transactions, that cannot be forged, that is fully audit-able, that is actually software that can be built into anything and everything.  It allows a secure system of exchanging value between people, and indeed machines, who have never met, that can be trusted, verified and never forged.

[Searing]

Well? Let's hear it.

With bitcoin, we have a secure, programmable form of money that can be used for global transactions, that cannot be forged, that is fully audit-able, that is actually software that can be built into anything and everything.  It allows a secure system of exchanging value between people, and indeed machines, who have never met, that can be trusted, verified and never forged.

Litecoin to a lesser extent is the same...if you are making sidechains say for BTC I can see sidechains being made for LTC for the same reasons and also the additional
reason of speculation (LTC) and/or some folk just don't like BTC from all the FUD in the press etc

but I take your point..again the question is will LTC and/or some other ALTS survive ..even at the current minimal ratios to BTC in the future..
if so not a lot of risk holding some alts...if not ..well ..on the road to tulips...not so good...

just saying human nature I assume? that LTC at least will survive as some kinda very small scale alternative to BTC

but then again what do I know I believed in 2013 BFL and drank the kool aid (refunded 1yr 20 days later by luck) but still ..consider the source

my issue is I've been mining LTC and holding so when and how much do I convert it to BTC now/wait/what?

crypto never a dull moment



 

[Hollingsworth]

Technically bitcoin isn't any better than litecoin.

Bitcoin had the advantage of being first to market, and really that's mostly what counts when it comes to adoption.

[thebenjamincode]

Bitcoin has faced growing competition from newer cryptocurrencies, one of which is litecoin. They have lots of similarities since they are cryptocurrencies. But at the end of the day, the main difference lies in the mining algorithm for each cryptocurrency. Bitcoin makes use of the longstanding SHA-256 algorithm, whereas Litecoin makes use of a comparatively new algorithm known as Scrypt. This has significant implications on the computing power needed to mine the altcoins and the security associated per unit, making bitcoin the more superior alternative in this regard.

[hund]

Litecoin has the better wealthdistribution which could possibly help it to get greater network effect than BTC which is heavily concentrated. Also LTC does make more transactions per second thus it could accomodate more txs in the same time like BTC does.

Also LTC isn't heavily associated with child porn and drug trade and all that like BTC is. It has the cleaner image, is faster, has a more slim blockchain and NO GAVIN or devided community and ongoing drama. And the halving is coming up.
Only idiots hold no LTC.

[LiteBit]

Litecoin has the better wealthdistribution which could possibly help it to get greater network effect than BTC which is heavily concentrated. Also LTC does make more transactions per second thus it could accomodate more txs in the same time like BTC does.

Also LTC isn't heavily associated with child porn and drug trade and all that like BTC is. It has the cleaner image, is faster, has a more slim blockchain and NO GAVIN or devided community and ongoing drama. And the halving is coming up.
Only idiots hold no LTC.

Bitcoin's public history is littered with theft, scams, etc... Litecoin has a cleaner public image.
Granted early bitcoin was wild west of new tech and that pioneering always attracts criminal activity. But Litecoin was only around 1.75 yrs behind and major bitcoin adoption was still non-existent for a number of years both were actively spreading roots.

[goosoodude]

Litecoin has the better wealthdistribution which could possibly help it to get greater network effect than BTC which is heavily concentrated. Also LTC does make more transactions per second thus it could accomodate more txs in the same time like BTC does.

Also LTC isn't heavily associated with child porn and drug trade and all that like BTC is. It has the cleaner image, is faster, has a more slim blockchain and NO GAVIN or devided community and ongoing drama. And the halving is coming up.
Only idiots hold no LTC.

Bitcoin's public history is littered with theft, scams, etc... Litecoin has a cleaner public image.
Granted early bitcoin was wild west of new tech and that pioneering always attracts criminal activity. But Litecoin was only around 1.75 yrs behind and major bitcoin adoption was still non-existent for a number of years both were actively spreading roots.

But you will always have Litecoin being the little brother of bitcoin. "What is litecoin?" "It's similar to bitcoin." and conversations like that.

So you will never be able to detach litecoin from bitcoin and that means that the bad image will follow.

[pooya87]

you can get the answer to your question easily by looking at the recent news about Greece's financial issues.

Greeks, in order to save up money and ... they turned to bitcoin not litecoin and 99% of them would most probably never even hear about litecoin in their life and happily invest bitcoin and use it.

[gkv9]

Bitcoin is parent of cryptoworld and others are alts, I hope you got your answer...

[SmartIphone]

I never use litecoin because it's less popular than bitcoin.

[gentlemand]

Bitcoin's public history is littered with theft, scams, etc... Litecoin has a cleaner public image.
Granted early bitcoin was wild west of new tech and that pioneering always attracts criminal activity. But Litecoin was only around 1.75 yrs behind and major bitcoin adoption was still non-existent for a number of years both were actively spreading roots.

Have you not sniffed the air recently? Bitcoin's image is slowly turning the corner. The quantity of mainstream derision has slowed to a trickle.

Throughout all of the bashing and sniffiness there was hardly ever a mention along the lines of 'hey, but there's this other one which is, like, nice'. And the silence is just as deafening now it's slowly becoming acceptable to admit BTC is on to something.  

LTC has its place. If it had been leading the way then the image problems would've instantly jumped across to there. They're protocols at heart, not companies or people. Whatever bad smells they give off are from the users. Once more users actually use them the early dirt drifts away.