Bitcoin Forum
December 17, 2017, 08:17:59 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: [2017-08-14]If Not Bitcoin Cash, Could Bitcoin Kill Litecoin?  (Read 3944 times)
hl5460
Legendary
*
Offline Offline

Activity: 1586


news.8btc.com


View Profile WWW
August 14, 2017, 03:01:00 AM
 #1

Recent discussions about the SegWit activation and the Lightning Network implementation it would bring to the Bitcoin network has sparked a round of debate on whether it would reduce Litecoin’s relevance and value in the market. This has been compounded by the fact that recently, also, there have been issues raised by the launch of Bitcoin Cash as eclipsing Litecoin.


http://news.8btc.com/if-not-bitcoin-cash-could-bitcoin-kill-litecoin

1513541879
Hero Member
*
Offline Offline

Posts: 1513541879

View Profile Personal Message (Offline)

Ignore
1513541879
Reply with quote  #2

1513541879
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513541879
Hero Member
*
Offline Offline

Posts: 1513541879

View Profile Personal Message (Offline)

Ignore
1513541879
Reply with quote  #2

1513541879
Report to moderator
1513541879
Hero Member
*
Offline Offline

Posts: 1513541879

View Profile Personal Message (Offline)

Ignore
1513541879
Reply with quote  #2

1513541879
Report to moderator
1513541879
Hero Member
*
Offline Offline

Posts: 1513541879

View Profile Personal Message (Offline)

Ignore
1513541879
Reply with quote  #2

1513541879
Report to moderator
Rahar02
Hero Member
*****
Offline Offline

Activity: 504

Mixing Reinvented - https://chipmixer.com/


View Profile
August 14, 2017, 01:41:16 PM
 #2

I don't think bitcoin or bcash could kill litecoin, as current increases of bitcoin doesn't really affect litecoin, even though most altcoins prices has declined.
This in fact shows that there is no correlation between the change in the price of Bitcoin and that of Litecoin which is quite understandable as their prices are not expected to be hinged on another. Both should be independent of each other.
People tend to buy and sell altcoins in order to get profits, as everyone simply can not trade only bitcoin because its price is higher than others. So, as long as traders wants to get profits, litecoin and other altcoins won't just disappear.

Xavofat
Hero Member
*****
Offline Offline

Activity: 714

Satoshi wanted "small, casual transactions".


View Profile WWW
August 14, 2017, 02:49:38 PM
 #3

At this point there are Scrypt ASICs, so the Scrypt mining algorithm is not properly ASIC resistant.

Litecoin is basically just Bitcoin at this point with a few changed parameters.  It's a legitimate and honest project but it's not a serious competitor as far as I'm concerned.  Perhaps the shorter block time is somewhat relevant for Litecoin's onchain transactions, but that's about all I can think of.

You want big blocks, you go to Bitcoin Cash.  You want SegWit or Lightning Network, you will go to Bitcoin soon enough.  In terms of block size Litecoin is weirdly in between and doesn't particularly appeal to either "camp".

At this point Litecoin's high price is pointless.  But then again, most cryptocurrencies' prices are pointless as of the last few months, so I can't really tell those speculators anything.

eckmar
Legendary
*
Offline Offline

Activity: 1106


Ecki


View Profile
August 14, 2017, 03:00:07 PM
 #4

Isn't Litecoin already dead ? I mean who use it other than people who mine it ? I never saw a shop or anyone online accepting litecoin payments
hl5460
Legendary
*
Offline Offline

Activity: 1586


news.8btc.com


View Profile WWW
August 15, 2017, 03:35:01 AM
 #5

Isn't Litecoin already dead ? I mean who use it other than people who mine it ? I never saw a shop or anyone online accepting litecoin payments

Bitcoin is more widely accepted.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!