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Author Topic: Bitcoin is a Malfunctioning Prototype of Litecoin  (Read 1310 times)
ridery99 (OP)
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June 17, 2017, 09:53:28 AM
 #1

Let's face it: Litecoin does everything properly which Bitcoin is supposed to do. With real developer, not some shadowy cartoon character, it is weird it's not valued properly.

I think it should be valued at least 1/10th of bitcoin's price, meaning $250 as we speak.

Litecoin is not some 'trying to do everything type of neo-dot-com-vapor-promise-tech to revolutionize the way we can poop anonymously' etc but rather a functioning payment system and very solid and stable store of value.
Fatoshi
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June 17, 2017, 10:23:05 AM
 #2

Let's face it: Litecoin does everything properly which Bitcoin is supposed to do. With real developer, not some shadowy cartoon character, it is weird it's not valued properly.

I think it should be valued at least 1/10th of bitcoin's price, meaning $250 as we speak.

Litecoin is not some 'trying to do everything type of neo-dot-com-vapor-promise-tech to revolutionize the way we can poop anonymously' etc but rather a functioning payment system and very solid and stable store of value.

You could say the same for sex coin.
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June 17, 2017, 11:22:12 AM
 #3

Litecoin is the only coin without premine. Even bitcoin has some.
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June 17, 2017, 11:48:49 AM
 #4

Let's face it: Litecoin does everything properly which Bitcoin is supposed to do. With real developer, not some shadowy cartoon character, it is weird it's not valued properly.

I think it should be valued at least 1/10th of bitcoin's price, meaning $250 as we speak.

Litecoin is not some 'trying to do everything type of neo-dot-com-vapor-promise-tech to revolutionize the way we can poop anonymously' etc but rather a functioning payment system and very solid and stable store of value.

You could say the same for sex coin.

LOL, good point and so are the other thousands coins.

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June 17, 2017, 11:57:47 AM
 #5

Let's face it: Litecoin does everything properly which Bitcoin is supposed to do. With real developer, not some shadowy cartoon character, it is weird it's not valued properly.
does what better? the only thing that litecoin does Differently is having faster blocks which is leading to a much higher orphan rates and the fact that because it has a much much smaller network it could activate SegWit way easier than bitcoin can.
and this "real developer" has been copying code from bitcoin from day 1. although the developers team of LTC is solid but that doesn't change this fact Smiley

Quote
I think it should be valued at least 1/10th of bitcoin's price, meaning $250 as we speak.
i completely agree but not because of what you said above but because in a market when shitcoins such as ethereum with lots of bugs scams and a premine the biggest premine of all called Dash can get their price up, LTC is super-under-priced!

Litecoin is the only coin without premine. Even bitcoin has some.
you don't even know what a premine is Grin

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Fatoshi
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June 17, 2017, 01:04:05 PM
 #6

Litecoin is the only coin without premine. Even bitcoin has some.

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dfd1
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June 17, 2017, 01:36:36 PM
 #7

https://www.youtube.com/watch?v=U2KP8koYC3s
Literally only coin with fair launch. No ICO, no premine,  Coblee not mined 1000000 Ltc for himself on his laptop. Litecoin is just a bitcoin done right.
shyliar
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June 17, 2017, 02:17:01 PM
 #8

does what better? the only thing that litecoin does Differently is having faster blocks which is leading to a much higher orphan rates

The orphaned block rate in LTC is actually low. And unless a person is a miner who happens to find one why would anyone care?

Here is a chart showing the average rate below 1 a day (an insignificant amount):

https://chainz.cryptoid.info/ltc/orphans.dws

You can compare it to bitcoins chart here:

https://chainz.cryptoid.info/btc/orphans.dws

I've never understood orphan rate concern (and I'm a miner who has found orphans). It's four times faster and as such one expects more orphans. The number of orphans is insignificant. Relative to the hugh advantage of 8 times the transactions per second of BTC, not to mention how convenient faster blocks are this is a non-issue.
Fatoshi
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June 17, 2017, 02:19:01 PM
 #9

https://www.youtube.com/watch?v=U2KP8koYC3s
Literally only coin with fair launch. No ICO, no premine,  Coblee not mined 1000000 Ltc for himself on his laptop. Litecoin is just a bitcoin done right.


Must you make me shrill my favourite coin XtraBytes. No premine. No ico..
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June 17, 2017, 02:21:59 PM
 #10

So we have bunch of litecoin holders in this thread angry that their favorite coin is forever number 2.
Let me tell you something: bitcoin can be upgraded to be much more effective; it is not all about the tech behind the coin.
We can create the best coin ever, without ICO, with no premine/instamine, totally transparent - do you think it would be popular?
que91
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June 17, 2017, 03:16:01 PM
 #11

So we have bunch of litecoin holders in this thread angry that their favorite coin is forever number 2.
Let me tell you something: bitcoin can be upgraded to be much more effective; it is not all about the tech behind the coin.
We can create the best coin ever, without ICO, with no premine/instamine, totally transparent - do you think it would be popular?
No, I don't it can. But I think the price of LTC is very low than altcoins in market 2017! I think like ridery99, it can not good but the price need more than 0.02-0.03 BTC, maybe 100-150$ because compared to other potential altcoin like ETC, XMR, FCT ..., this rate is not reasonable.
shyliar
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June 17, 2017, 03:20:20 PM
 #12

So we have bunch of litecoin holders in this thread angry that their favorite coin is forever number 2.
Let me tell you something: bitcoin can be upgraded to be much more effective; it is not all about the tech behind the coin.
We can create the best coin ever, without ICO, with no premine/instamine, totally transparent - do you think it would be popular?

Historically LTC has never claimed to be anything other than Silver to Bitcoins gold. Since the beginning the developers have done nothing but, reach out to BTC and other Alts. That hasn't changed. LTC price is going up and whenever that happens you'll see threads either ripping apart LTC or LTC threads ripping apart various coins. This is the internet anyone and their mother can post.

Look at the bigger picture and what significant people in the LTC community say. Unless someone is being outright dishonest the LTC community is an inclusive group that accepts other coins.
Fatoshi
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June 17, 2017, 05:50:34 PM
 #13

So we have bunch of litecoin holders in this thread angry that their favorite coin is forever number 2.
Let me tell you something: bitcoin can be upgraded to be much more effective; it is not all about the tech behind the coin.
We can create the best coin ever, without ICO, with no premine/instamine, totally transparent - do you think it would be popular?

Historically LTC has never claimed to be anything other than Silver to Bitcoins gold. Since the beginning the developers have done nothing but, reach out to BTC and other Alts. That hasn't changed. LTC price is going up and whenever that happens you'll see threads either ripping apart LTC or LTC threads ripping apart various coins. This is the internet anyone and their mother can post.

Look at the bigger picture and what significant people in the LTC community say. Unless someone is being outright dishonest the LTC community is an inclusive group that accepts other coins.


I know its the established wisdom that LTC is Silver to BTC Gold but personally I think thats fucking stupid. They are digital ledgers not fucking precious metals.
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June 17, 2017, 05:57:04 PM
 #14

So we have bunch of litecoin holders in this thread angry that their favorite coin is forever number 2.
Let me tell you something: bitcoin can be upgraded to be much more effective; it is not all about the tech behind the coin.
We can create the best coin ever, without ICO, with no premine/instamine, totally transparent - do you think it would be popular?

Historically LTC has never claimed to be anything other than Silver to Bitcoins gold. Since the beginning the developers have done nothing but, reach out to BTC and other Alts. That hasn't changed. LTC price is going up and whenever that happens you'll see threads either ripping apart LTC or LTC threads ripping apart various coins. This is the internet anyone and their mother can post.

Look at the bigger picture and what significant people in the LTC community say. Unless someone is being outright dishonest the LTC community is an inclusive group that accepts other coins.


I know its the established wisdom that LTC is Silver to BTC Gold but personally I think thats fucking stupid. They are digital ledgers not fucking precious metals.
Litecoin is silver while Bitcoin is "golden" in most depictions. I think it makes sense in that regard, unless you color the coins differently. As for pricing, considering the bubble most coins are in, Litecoin might not be at the top yet.
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June 17, 2017, 05:59:11 PM
 #15

Litecoin price is going up because of the uncertainty about August 1. Bitcoin holders are buying as a hedge. If that uncertainty is removed Litecoin will drop like a rock.

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June 17, 2017, 08:43:31 PM
 #16

We can create the best coin ever, without ICO, with no premine/instamine, totally transparent - do you think it would be popular?
You can't make long history, though.
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June 17, 2017, 08:54:58 PM
 #17

Litecoin is the only coin without premine. Even bitcoin has some.

bitcoin has zero premine. it was open to anyone to mine from the first second it was launched. it's everyone else's fault that they didn't catch on sooner.

that's why bitcoin is unique. its birth can never, ever be repeated again.

litecoin is definitely one of the least disgusting coins out there. let's see what happens with segwit on bitcoin before declaring anything.
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June 17, 2017, 09:14:48 PM
 #18

Litecoin is the only coin without premine. Even bitcoin has some.

bitcoin has zero premine. it was open to anyone to mine from the first second it was launched. it's everyone else's fault that they didn't catch on sooner.

that's why bitcoin is unique. its birth can never, ever be repeated again.

litecoin is definitely one of the least disgusting coins out there. let's see what happens with segwit on bitcoin before declaring anything.

Do not try to explain the real things to these blind litecoin supporters please. They don't see anything real, they just wanna benefit from price increase, they're aware of it but they advocate the technical aspects of litecoin as well. Interesting.
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June 17, 2017, 09:19:17 PM
 #19

Do not try to explain the real things to these blind litecoin supporters please. They don't see anything real, they just wanna benefit from price increase, they're aware of it but they advocate the technical aspects of litecoin as well. Interesting.

of all alts litecoin is the one i'd choose if i had to walk away from bitcoin. nothing else really comes close. it's still no bitcoin eater though.
Rahar02
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June 17, 2017, 11:02:47 PM
 #20

Let's face it: Litecoin does everything properly which Bitcoin is supposed to do. With real developer, not some shadowy cartoon character, it is weird it's not valued properly.

I think it should be valued at least 1/10th of bitcoin's price, meaning $250 as we speak.

Litecoin is not some 'trying to do everything type of neo-dot-com-vapor-promise-tech to revolutionize the way we can poop anonymously' etc but rather a functioning payment system and very solid and stable store of value.

Because litecoin has been activated segwit? Its confirmed faster and low fees?
What about if bitcoin activated segwit as well, what will happen? Hopefully those problems will be resolved.

Litecoin price still undervalue, simply because its demand isn't so much as bitcoin or ethereum demands.
Why? Because not many people attracted to litecoin as much they want to buy bitcoin or other (high price/promising) coins.
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