Litecoin is officially dead

[smoothie]

Well this is never gonna happen..but imho (I know squat...just saying) if the LTC foundation really really wanted to kick start LTC they would make it more or an anonomous
coin like Moreno...but they are pretty straight laced...so that is very very unlikely.

Thou just thinking about it....if LTC had that like Moreno does now.....and asic pow..imho it would pump harder then Moreno

The key above is NOT my idea...but that LTC needs some kind of better angle then just being Silver to BTC's gold...not sure what that should be...but it is evident to

me something needs to happen on the LTC development end to shake things up or I fear a 'dull slow fade' of LTC in the future.

disagree totally gimicky stuff like anon or 'innovation' for the sake of 'innovation' is a waste of space. many coins become flavor of the minute on pumps etc but yeah wont be around longterm in any significant degree.

also the litecoin foundation isn't litecoin, anyone can market any coin anyway they wish, without any 'official' approval. thats the beauty of decentralisation

litecoin the platinum to bitcoins gold

Math-based and peer-reviewed innovation is not a gimmick.

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[Lionidas]

It was kind of funny that an old thread like this is still getting bumped.
Litecoin was one of the first if not the first alt coin there was.
I even collected it beside bitcoin when I first started just too say I held some in a wallet.
I have since lost that wallet and had about 2 ltc in it anyways so no big loss to me.
I have learned that they both can co-exist side by side without one taking any thing from the other.

[kelsey]

Well this is never gonna happen..but imho (I know squat...just saying) if the LTC foundation really really wanted to kick start LTC they would make it more or an anonomous
coin like Moreno...but they are pretty straight laced...so that is very very unlikely.

Thou just thinking about it....if LTC had that like Moreno does now.....and asic pow..imho it would pump harder then Moreno

The key above is NOT my idea...but that LTC needs some kind of better angle then just being Silver to BTC's gold...not sure what that should be...but it is evident to

me something needs to happen on the LTC development end to shake things up or I fear a 'dull slow fade' of LTC in the future.

disagree totally gimicky stuff like anon or 'innovation' for the sake of 'innovation' is a waste of space. many coins become flavor of the minute on pumps etc but yeah wont be around longterm in any significant degree.

also the litecoin foundation isn't litecoin, anyone can market any coin anyway they wish, without any 'official' approval. thats the beauty of decentralisation

litecoin the platinum to bitcoins gold

Math-based and peer-reviewed innovation is not a gimmick.

KISS, p2p currency is not a mission to mars its currency. USD is hardly innovative yet is pretty dominate as a currency.

hell shells are used by more people on the planet today as currency then crypto.

i've not seen any 'innovation' since bitcoin thats been anything more then a gimmick (peer reviewed or not).

on the most part bitcoin itself is too complex for average joe to adopted, yet all 'innovation' todate seem to add to the complication. the only innovation thats needed is simplification.

[social crypto comunity]

during litceoin community still big and active use litecoin and trading
litecoin never die, until now volume trransaction litecoin in coinmarketcap still high
this mean litecoin community still solid use litecoin

[TheMage]

FYI its the Litecoin Association

[smoothie]

Well this is never gonna happen..but imho (I know squat...just saying) if the LTC foundation really really wanted to kick start LTC they would make it more or an anonomous
coin like Moreno...but they are pretty straight laced...so that is very very unlikely.

Thou just thinking about it....if LTC had that like Moreno does now.....and asic pow..imho it would pump harder then Moreno

The key above is NOT my idea...but that LTC needs some kind of better angle then just being Silver to BTC's gold...not sure what that should be...but it is evident to

me something needs to happen on the LTC development end to shake things up or I fear a 'dull slow fade' of LTC in the future.

disagree totally gimicky stuff like anon or 'innovation' for the sake of 'innovation' is a waste of space. many coins become flavor of the minute on pumps etc but yeah wont be around longterm in any significant degree.

also the litecoin foundation isn't litecoin, anyone can market any coin anyway they wish, without any 'official' approval. thats the beauty of decentralisation

litecoin the platinum to bitcoins gold

Math-based and peer-reviewed innovation is not a gimmick.

KISS, p2p currency is not a mission to mars its currency. USD is hardly innovative yet is pretty dominate as a currency.

hell shells are used by more people on the planet today as currency then crypto.

i've not seen any 'innovation' since bitcoin thats been anything more then a gimmick (peer reviewed or not).

on the most part bitcoin itself is too complex for average joe to adopted, yet all 'innovation' todate seem to add to the complication. the only innovation thats needed is simplification.

USD is simple but it is only popular because the US government decreed it as "money/currency". But it is simple and has many flaws...like central banking and money printing that goes along with it. Simplicity comes at a cost. Just like attempts at privacy, it comes at a cost. You don't get something for nothing.

I agree KISS, but sometimes complex systems are necessary to accomplish certain goals (and to solve certain problems). And in that complexity it is good to keep things as simple as possible without layering additional complexity that is not needed.

It appears that you have your own standard of what "innovation" is, (peer reviewed or not).

I've looked at the monero code and actually found that there is a lot of merit to what is claimed.

1. To me monero is innovative as it is NOT based on Bitcoin's code like Litecoin is (im not hating on litecoin at all).

2. Monero also does something that bitcoin should have been doing based upon satoshi's original vision (true P2P cash).

Bitcoin is not fungible on the socio-economical level as monero is. Black listing of bitcoin (and litecoin) is possible. It is in this that monero solves that problem that bitcoin has, not to mention dynamically scaling block size that does not require a hard fork like bitcoin or litecoin would need to accomplish.

Let's agree to disagree that your opinion of what is and isn't "innovative" can be a gimmick.

In my honest opinion, monero is innovative enough to not merit a claim of being called a "gimmick".

 

I agree that the average joe will need things to be simple. Yes. But I disagree that the ONLY innovation is simplicity at this point.

Not all problems are simple to solve. Privacy is not a simple problem to solve. That is the reality on that topic.

[Jonaswakefield]

Can litecoin implement ring ct signatures?

[btcxyzzz]

Litecoin could've make easy breakthrough just by implementing anonimity. I don't know who decided that this is not important feature, as it turns out, in example of Monero, that that maybe even THE most important feature of one crypto-currency.

[zokizuan]

monero is the best

[bbc.reporter]

Can litecoin implement ring ct signatures?

I am not a coder but I think it is not possible. But John Connor mentioned that Vcash's chain blender solution for anonymity can be implemented for almost any altcoin. So I believe if the litecoin development team wanted to add anonymity features for LTC then the chain blender solution would be good to experiment with first.

[kelsey]

Not all problems are simple to solve. Privacy is not a simple problem to solve. That is the reality on that topic.

but privacy in cryptos is a solution looking for a problem.

privacy is upto the individual it won't be solved by a crypto. a so called anon coin in the hands of average joe well it aint so anon, yet bitcoin, litecoin or even fiat can be completely anon if one knows what do to.

giving an anon coin to average joe is like giving your pc to your cat.......pretty pointless.

[Romanko]

wow..thought lite could go to 10x times anytime and up to 100$ in a year)

[darkota]

wow..thought lite could go to 10x times anytime and up to 100$ in a year)

You thought very, very wrong.

[Ayers]

Can litecoin implement ring ct signatures?

I am not a coder but I think it is not possible. But John Connor mentioned that Vcash's chain blender solution for anonymity can be implemented for almost any altcoin. So I believe if the litecoin development team wanted to add anonymity features for LTC then the chain blender solution would be good to experiment with first.

everything is possible with coding, you just need to hard fork, but i don't think the dev want to do an hard fork, for this, maybe it can be implement as a said project on the blockchain of litecoin, maybe litecoin will have sidechain like bitcoin? they could use those

[Delawer]

what can litecoin offer than bitcoin cant?

[Azael]

I'm keeping an eye on Litecoin at some point it will be a great buy but not now though.

[samasas]

what can litecoin offer than bitcoin cant?

That is a good question. litecoin is a pure clone of bitcoin apart from the block time, which is 4 times faster.

[shyliar]

what can litecoin offer than bitcoin cant?

That is a good question. litecoin is a pure clone of bitcoin apart from the block time, which is 4 times faster.

Having used both bitcoin and litecoin that faster block time is a significant improvement. I like bitcoin too, just stating a fact. Here's an updated list of things I like about litecoin.

• Capable of four times as many transactions as Bitcoin in a ten minute period. Frankly if payment processors had adopted Litecoin in the past year current Bitcoin block discussions would be irrelevant (and likely the price of both coins higher). Anyone who has watched these discussions understands the immediate advantage of a network with larger transactional capability.  
• Faster confirmation times. The only people who don't think this is important have never spent a single coin or they have patience that the average person does not possess.
• The faster block time of litecoin reduces the risk of double spending attacks.
• Anti-spam.
• Fast well established network. Current Hashrate is 1,643 GH/s. Since scrypt is memory intensive it is known to be approximately 1000 times slower hardware wise in comparison to SHA256. Fair comparison to the Bitcoin network requires multiplying that hashrate by 1000 (1,643 TH/s). The fact is for most of Litecoins history the hashrate has been relatively high and secure. Those comparing it to the Bitcoin network without considering this 1k factor are either being disingenuous or just ignorant of the facts.
• Continuous development look here at number of releases in past year: https://github.com/litecoin-project/litecoin/releases
• Upcoming new features and active development look here for whats happening in 2016:
  https://litecoinassociation.org/data/roadmap.pdf
• Longevity. Many coins have temporarily eclipsed litecoin as they were marketed for the purpose of increasing the fiat accounts of a small group and emptying the accounts of new users. Unfortunately this has been detrimental to crypto-space in general.
  
• Great community. Definitly helps when consensus is needed.
• Fully supported by GoCoin a growing merchant payment processor used by thousands of merchants https://www.gocoin.com/ as well as other processors such as coinpayments, Asmoney, Alfacoins and Coinify
• Liquidity. You can sell thousands and not crash the market. Maintains value. Look at the chart here indicating volume in the last 24 hours relative to other coins http://coinmarketcap.com/currencies/litecoin/#markets in fact volume has remained high month after month for years.
• The speed, liquidity and value of Litecoin is useful to traders seeking arbitrage opportunities between exchanges.
• Now on GDAX soon to be on coinbase.
• Upcoming release to include a on-chain adaptive block size scaling solution. This will substantially increase the transactional capacity of Litecoin.
• Planned anonymity features for an upcoming release.
• Fair release. In a crypto world of premined and ICO releases many appreciate this fact. The code was released well before the Genesis block was mined and everyone knew when it would be going live; therefore, individuals could anticipate and get their miners and software ready.
• It's primary function is to be a cryptocurrency.
• Still mineable in many western countries even after electrical costs are factored in. Here in Canada my Titans still make a profit long after shutting my Neptunes down.
• It will always maintain the integrity of the blockchain (no hard forks for special interests).
• Security.

[AmDD]

what can litecoin offer than bitcoin cant?

That is a good question. litecoin is a pure clone of bitcoin apart from the block time, which is 4 times faster.

Having used both bitcoin and litecoin that faster block time is a significant improvement. I like bitcoin too, just stating a fact. Here's an updated list of things I like about litecoin.

• Capable of four times as many transactions as Bitcoin in a ten minute period. Frankly if payment processors had adopted Litecoin in the past year current Bitcoin block discussions would be irrelevant (and likely the price of both coins higher). Anyone who has watched these discussions understands the immediate advantage of a network with larger transactional capability.  
• Faster confirmation times. The only people who don't think this is important have never spent a single coin or they have patience that the average person does not possess.
• The faster block time of litecoin reduces the risk of double spending attacks.
• Anti-spam.
• Fast well established network. Current Hashrate is 1,643 GH/s. Since scrypt is memory intensive it is known to be approximately 1000 times slower hardware wise in comparison to SHA256. Fair comparison to the Bitcoin network requires multiplying that hashrate by 1000 (1,643 TH/s). The fact is for most of Litecoins history the hashrate has been relatively high and secure. Those comparing it to the Bitcoin network without considering this 1k factor are either being disingenuous or just ignorant of the facts.
• Continuous development look here at number of releases in past year: https://github.com/litecoin-project/litecoin/releases
• Upcoming new features and active development look here for whats happening in 2016:
  https://litecoinassociation.org/data/roadmap.pdf
• Longevity. Many coins have temporarily eclipsed litecoin as they were marketed for the purpose of increasing the fiat accounts of a small group and emptying the accounts of new users. Unfortunately this has been detrimental to crypto-space in general.
  
• Great community. Definitly helps when consensus is needed.
• Fully supported by GoCoin a growing merchant payment processor used by thousands of merchants https://www.gocoin.com/ as well as other processors such as coinpayments, Asmoney, Alfacoins and Coinify
• Liquidity. You can sell thousands and not crash the market. Maintains value. Look at the chart here indicating volume in the last 24 hours relative to other coins http://coinmarketcap.com/currencies/litecoin/#markets in fact volume has remained high month after month for years.
• The speed, liquidity and value of Litecoin is useful to traders seeking arbitrage opportunities between exchanges.
• Now on GDAX soon to be on coinbase.
• Upcoming release to include a on-chain adaptive block size scaling solution. This will substantially increase the transactional capacity of Litecoin.
• Planned anonymity features for an upcoming release.
• Fair release. In a crypto world of premined and ICO releases many appreciate this fact. The code was released well before the Genesis block was mined and everyone knew when it would be going live; therefore, individuals could anticipate and get their miners and software ready.
• It's primary function is to be a cryptocurrency.
• Still mineable in many western countries even after electrical costs are factored in. Here in Canada my Titans still make a profit long after shutting my Neptunes down.
• It will always maintain the integrity of the blockchain (no hard forks for special interests).
• Security.

I have to say, I used to be in the boat of "10minutes is plenty fast enough" and to be fair it is WAY faster/better than a normal banking system where you wait days for a transfer to be processed however in todays 'instant' world, 10min is not fast enough.
I even was in the "zero confirmations" boat for awhile but its my understanding that if you dont include a large enough fee that the transaction may never be included in a block - I used to think it would eventually be included even with no fee, it would just take awhile. I could still be wrong on this area tho.

My point being, I used to side with Bitcoin.... until I used something better... something faster... Litecoin.

Bitcoin may still have its advantages but once you actually start to use the two and start to see the differences, Litecoin is just so much faster and easier to work with.


I currently run 4 full nodes as well as mine, so Litecoin is far from dead and not going away anytime soon.


To Da MOOOOOOON!

[dballing]

LTC is easily one of the most undervalued coins.