If you want to use, really use coin, you should use Litecoin

[Spoetnik]

well it depends on what you mean by practical. if you want to buy something with crypto currency online then bitcoin is the choice. very rare places also have litecoin as payment option.
if it is any other purpose it is still bitcoin because of the price. but litecoin can be used too.

Well, I don't very often use bitcoin to buy stuff, and it is a while ago.  But this thread inspired me to have a look at current fees, and if what is written here is right:

https://bitcoinfees.21.co/

then things are getting expensive.  If 50 000 satoshis are the average price to get your transaction through "normally", that is about $0.6 right now, or am I wrong ?  That is not a negligible amount any more as compared to fiat.

Last time i used Interac eTransfer on Localbitcoins to sell BTC it was a flat rate $1.. and instant !
That is just one example..
You realize the support Interac has ? Do you grasp the magnitude of what i just said ?
http://interac.ca/en/interac-e-transfer-consumer.html
They have OTHER services too

The fee to send an Interac e-Transfer from a personal account is $0.50 for each transfer of up to $100, and $1.00 for each transfer of over $100. The fee to send an Interac e-Transfer from a business account is $1.50

What banks do they support ? 250 of them in Canada ALONE LOL

<removed the long list>

[olubams]

Two days ago, I sent two transactions.
0.15 Bitcoin, 0.0001 fee, after 48 hours, still not cleared.
2 litecoins, no fee, took my chance, and it was done almost instantly.

I think, bitcoin is not practical to be useful now a days. In contrast, Litecoin can be sued as a currency, and its price is stable, although it keep going down and down.

Your argument is correct but comparing the value and quantity of transactions happening in the case of bitcoin to lite coins to me its unfair and for us to compare the two then they have to be on the same level by then we can then conclude which one is better.

At the bolded, why will I want to put money on a sure way I am going to lose, is it because of instant delivery or what?...

[kryptqnick]

This is a known issue nowadays the congested transaction and something needs to be done fast, but to be substitute Litecoin for Bitcoin is wrong, Litecoin team has not even thinking of challenging Bitcoin dominance, though I have my issues with Dash but they are aiming for that Bitcoin position but Litecoin team is not

I think even if ltc tried to replace bitcoin - no chance to succeed. Okay, the transaction is fast. What is no fee? I thought ltc has a code very alike with bitcoin, so it has to have some money left between the blocks like bitcoin does. Anyway, 84 million is too much. I guess litecoin can only come closer to btc but wouldn't be able to defeat it. We now see that btc has some issues other currencies may have solved. And yet people trust btc too much already. I don't think they will easily replace it with some other alt.

[Arvydas77]

Bitcoin is like gold and can be used very well as value storage and for transactions over $1000. (Ones that don't happen often, and can wait a few hours if necessary.)
Litecoin, as digital silver, can be used for transactions between $10 and $1000.
Dogecoin, as digital copper, can be used for anything under $10, and is especially unbeatable for micro payments, since the cost of sending is just 1 doge and the network has a really high capacity compared to Bitcoin.

If such a model is accepted by the marketplace, then the Bitcoin scaling issue can be resolved without having forks that affect blockchain immutability.

Mate, you haven't checked the new projects. Some of them allow you to send money instantly and without fees! Dogecoins is still godd but there're better solutions for micropayments, for example, RaiBlocks.

[dinofelis]

Last time i used Interac eTransfer on Localbitcoins to sell BTC it was a flat rate $1.. and instant !
That is just one example..
You realize the support Interac has ? Do you grasp the magnitude of what i just said ?
http://interac.ca/en/interac-e-transfer-consumer.html
They have OTHER services too

The fee to send an Interac e-Transfer from a personal account is $0.50 for each transfer of up to $100, and $1.00 for each transfer of over $100. The fee to send an Interac e-Transfer from a business account is $1.50

In other words, fiat works better.

[Herbert2020]

well it depends on what you mean by practical. if you want to buy something with crypto currency online then bitcoin is the choice. very rare places also have litecoin as payment option.
if it is any other purpose it is still bitcoin because of the price. but litecoin can be used too.

Well, I don't very often use bitcoin to buy stuff, and it is a while ago.  But this thread inspired me to have a look at current fees, and if what is written here is right:

https://bitcoinfees.21.co/

then things are getting expensive.  If 50 000 satoshis are the average price to get your transaction through "normally", that is about $0.6 right now, or am I wrong ?  That is not a negligible amount any more as compared to fiat.

you are right about the clog that has happened recently and caused the fees to increase at an alarming rate. but this is the result of a continuous spam attack on bitcoin. and this can not go on forever, it will stop at some point and things will eventually come down to normal state. or if it continues down this path for a long time, bitcoin will no longer be a currency and will be something you buy and hodl to sell and take fiat.

and besides the spam attack is happening on bitcoin can happen on any other altcoin and cause problems, it may not be the same because of how they work but it can at the very least cause a big rise in the size of their blockchain causing nodes to stop.

[sportis]

Two days ago, I sent two transactions.
0.15 Bitcoin, 0.0001 fee, after 48 hours, still not cleared.
2 litecoins, no fee, took my chance, and it was done almost instantly.

I think, bitcoin is not practical to be useful now a days. In contrast, Litecoin can be sued as a currency, and its price is stable, although it keep going down and down.

As always it depends. But your fee is very small even for the smallest transaction size (is about 200 bytes). Of course, nowadays the transaction fees which are about 120 sat/byte for a low priority confirmation and about 220s/b for the fast one are really high and bitcoin network is not the most appropriate way to send/receive small amounts of money. So if someone wants to do some micropayments then litecoin or some other alt is a good choice. On the other side which coin is more secure? bitcoin or litecoin? There is a good topic in the forum here. At last would be interesting to compare alts and LNs if we had ever see a segwit consensus so as this possibility to be feasible.

[ngerok]

Two days ago, I sent two transactions.
0.15 Bitcoin, 0.0001 fee, after 48 hours, still not cleared.
2 litecoins, no fee, took my chance, and it was done almost instantly.

I think, bitcoin is not practical to be useful now a days. In contrast, Litecoin can be sued as a currency, and its price is stable, although it keep going down and down.

Interesting, Transactions using litecoin turns without fee
But I prefer bitcoin, Because the rate bitcoin Higher than litecoin

[izanagi narukami]

Bitcoin become more well known as it affect on more bitcoin usage around the world. The bitcoin algorithm should be be optimized in order to prevent any technical problem. I'm also investing on LTC beside bitcoin which enable me to split my profit and see them grow

[Tesorex]

I thought we weren't REALLY using bit coin to know but where is the LTC marketcap? I'd love to see how is it doing compared to btc

What the hell? why can't I type g o o d? it says suspicious link removed

[rindo]

Bitcoin become more well known as it affect on more bitcoin usage around the world. The bitcoin algorithm should be be optimized in order to prevent any technical problem. I'm also investing on LTC beside bitcoin which enable me to split my profit and see them grow

We are talking about crypto currency which we known digital funds
However I think that bitcoin is running on their own way as they wish to make all people in the world would using that as the exchange trading but this is not happen easily there might several think which they were prepare as what to do

[ekoice]

This is a known issue nowadays the congested transaction and something needs to be done fast, but to be substitute Litecoin for Bitcoin is wrong, Litecoin team has not even thinking of challenging Bitcoin dominance, though I have my issues with Dash but they are aiming for that Bitcoin position but Litecoin team is not

Yes,absolutely,I do accept there is issue about transaction time taken for bitcoins.Main reason is over load of transactions and the other reason is the block size has not been increased from 1 MB yet.If it is not solved, just like dash and litecoin users,other coin users would also start saying their coin will kill bitcoin and will get the No.1 place.Wake up Bitcoin dev community.

[Spoetnik]

I think the comparison to BTC is also skewed because of an intention to create services or features using BTC's block chain.
It is not just "an attack" that can bog it down.
Any services that perpetuates doing more or smaller transactions will be overall detrimental.
Makes me think of Mixing services or maybe Vanity addresses (not sure about that one)
Or people who claim you should never use the same address twice etc.

What i am saying is i don't think the users of Bitcoin care about the performance of it.
EXACTLY like the users here do not care in the slightest that they are contributing to making this forum larger & larger with lots of shit posts.

Would LTC have a similar problem if you swapped them around ? I don't know the code well enough to say.
I am guessing though the problem would not be as bad.

Bitcoin has failed as a currency and Litecoin has not people ..think about that !

[bitcoinlitcoinbtcltc]

Litecoin is shit. It's heavily manipulated, you shouldn't touch it because it will soon probably crash sub $2.

Don't care if it functions well. If a cryptocurrency doesn't pump (LTC hasn't for almsot 2 years), it is practically dead.

Shorting it on 100x leverage with 30% of my net worth, LOL!

[jeraldskie11]

Litecoin is shit. It's heavily manipulated, you shouldn't touch it because it will soon probably crash sub $2.

Don't care if it functions well. If a cryptocurrency doesn't pump (LTC hasn't for almsot 2 years), it is practically dead.

Shorting it on 100x leverage with 30% of my net worth, LOL!

There are many altcoins that still functioning even it has a chance to become dead because of its unfamousity but I think there is a chance to become alive ang make it to become great because we control them literally. Like bitcoin in the beginning it is infamous so that the worth of it very low but now the price is very high and that altcoins that you call shit will worth it for a years.