[FACTS] Litecoin is the only legit Altcoin !

[ulhaq]

They can vote to increase the bitcoin circulation beyond 21,000,000. if they don't, not realizing that bitcoin is not sustainable, someone else will with another cryptocurrency (as you have said, economic scarcity which benefits some).

They can't.  That's the whole idea of immutability consensus.

About transaction limits, what about the lightning network?

That's a banking layer on top of a crypto.  There will be big "lightening hubs" where normal citizens have their account.  Bitcoin or whatever lower layer will be the "central bank settlements" between banks in that case. 

The main concern is the fundamental limit on all cryptocurrencies due to blockchain size, which will always get bigger if all transactions must be stored on all nodes. But there are pruning discussions going on. Why not just take old transactions off the blockchain and require x nodes to hold copies of those, where x is large and distributed enough. Hashes can be carried forward to maintain the validity.

The problem with pruning is that you have to know which transactions are spent.  And if you know that, then you cannot hide it, and hence, confidentiality is gone, and with it, fungibility.  At least, in a block chain setting. 

51% of miners can soft fork and increase the hard limit on # of bitcoins.

What is the problem with a banking layer on top of a crypto?

Pruning may not be necessary. Different nodes could hold different portions of the blockchain.

[bitcoinlitcoinbtcltc]

Liitecoin is a shitcoin.

Every coin could pump to $1k each and LTC would still not move

Litecoin extremely overvalued. Wont buy until it is worth $0,05 each (and then dump when it pumps to $0,06 which will be LTC top for the remainder of its pathetic life, lol!)

Going to short LTC 100x

[kolap]

Litecoin it is but the problem with it is no improvement

[bitjoin]

Litecoin it is but the problem with it is no improvement

segwit?

Anyway, im wondering if it being the only major alt not to pump actually gives it more credit, its stable @ $4.

[dinofelis]

51% of miners can soft fork and increase the hard limit on # of bitcoins.

Nah, that would be a hard fork.

What is the problem with a banking layer on top of a crypto?

That it is no different from the fiat banking layer, just more hassle.  Why on earth would you use a crypto bank instead of a normal bank ?

[dinofelis]

Every coin could pump to $1k each and LTC would still not move

That stability can be appreciated too.

[ulhaq]

51% of miners can soft fork and increase the hard limit on # of bitcoins.

Nah, that would be a hard fork.

Hard and soft forks have to do with forward/backward compatibility. Regardless of the mechanism of the fork, it does not necessarily follow that there will be 2 blockchains in the future, if that is what you mean. As long as consensus is reached, there could be one bitcoin blockchain with an inflationary supply beyond 21 million. Right now it does not seem conceivable because deflation is generally seen as positive in the bitcoin community. But that does not mean that it will be the case in the future. So to see bitcoin having a permanent limit is not immutable.

[btbrae]

Litecoin is still #2 for me.

Ethereum has 1000 apps and yet I can't find one that is actually being used or that I find useful.

What is needed right now is stability and possibly Segwit and one day people will return to Litecoin because it's not up it's own bum.

[ethereumhunter]

Litecoin is still #2 for me.

Ethereum has 1000 apps and yet I can't find one that is actually being used or that I find useful.

What is needed right now is stability and possibly Segwit and one day people will return to Litecoin because it's not up it's own bum.

the first i think you will choose bitcoin, right? actually i don't know the list of the cryptocurrency, the only thing that i know is from coinmarket and i know the list is change from time to time so i think i only trade based on that list. but after all thing is happen in crypto currency especially in the market, maybe the rise of litecoin is near to us because litecoin is too long to sleep and i think its time for litecoin to wake up.

[dinofelis]

51% of miners can soft fork and increase the hard limit on # of bitcoins.

Nah, that would be a hard fork.

Hard and soft forks have to do with forward/backward compatibility.

Yes.  If blocks according to the new protocol are all valid according to the old protocol, it is a soft fork.  But if you make bigger blocks, they are not compatible with the old protocol.  So increasing the block size is a hard fork. Because the old protocol doesn't validate big blocks.

Regardless of the mechanism of the fork, it does not necessarily follow that there will be 2 blockchains in the future, if that is what you mean. As long as consensus is reached, there could be one bitcoin blockchain with an inflationary supply beyond 21 million.

The options are more complicated than that.  But a SOFT FORK never splits the bloc chain.  There is no mechanism with a soft fork only, to have two chains.

If a soft fork is applied by 51% of the hash power, the other 49% of miners have no choice but to join, or to get their blocs orphaned all the time, because *their* (old) protocol ACCEPTS the new blocs as valid, so they have to build upon their longest chain.  If they don't, they build a shorter chain (less hash power) and they always get orphaned.

So with a soft fork: no danger for a chain split, and majority of miners IMPOSES its will on everybody.

With a hard fork, that is not true any more.  Because the new blocs are not compatible with the old protocol, the old protocol can continue working, even with a minority of hash rate, because the new guys (even majority) seem to make invalid blocs, on which old miners will not build.  So you have the old minority chain surviving, and the new majority chain making a different chain.

If the hard fork is bilateral, that means: old blocs are not valid for the new protocol, and vice versa, the split can occur at any ratio between hash rates of miners: the new chain can fork of with minority or majority hash rate ; the old chain can continue to exist.

What will happen, if there are two chains (hard fork only) is that USERS will vote in the market with their money, determine the market caps of both chains, and miners will adapt to highest profitability, which means, they will in the end, split according to market cap (if not, it has an advantage to change camps).

[bitjoin]

Litecoin is still #2 for me.

Ethereum has 1000 apps and yet I can't find one that is actually being used or that I find useful.

What is needed right now is stability and possibly Segwit and one day people will return to Litecoin because it's not up it's own bum.

All these altcoin pumps have never beat the bitcoin volume in a single day.  Litecoin is the only coin to do that.