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July 07, 2014, 03:34:15 PM |
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Simple comparison
Attribtues that I think lead to long term success.
Network: 1-5 users/merchants/install base Mining Power: 1-5 Security gains by the mining power Features: 1-5 How many features, multisig, HD, web, distributed assett exchange, turning complete language, aliases, voting, anonymous transactions, digital goods store. Community: 1-5 How active and involved the community is. Ease of Use: How easy to use, 1 is only programmers can use, 5 is mom and dad ready.
BTC: Network: 4 Mining Power: 4 Features: 3 ( based on the fact that counterparty is built on top of BTC) Community: 5 Ease of Use: 4 Total: 20
LTC Value: Network: 3 Mining Power: 3 (This may be one of LTC's strong attributes is that people with invested mining equipment don't have many better options) Features: 1 Community: 4 Ease of Use: 3 Total: 14
Bitshares Network: 1 Mining Power: 5 (Because it's PoS) Features: 4 Community: 3 Ease of Use: ? , estimated a 3 Total: 16
NXT Network: 2 Mining Power: 5 (Because it's PoS) Features: 4 Community: 3 Ease of Use: 4 Total: 18
(Feel free to update the values to whatever you think best, I filled them in to the best of my knowledge.)
LTC has no driving force for user adoption. What is the motivation for an end user to have an LTC wallet? Right now it's used just for price speculation. LTC is not different enough from BTC in my opinion to drive user adoption. Just download NXT to see what a huge difference it is and how when the market is hungry for an alternative to BTC (several years down the road), when LTC is compared to what else is out there I think it's going to lose.
I used to have half my holdings in LTC as of 3 weeks ago. I moved it into the 2.0 protocols, NXT, counterparty, bitshares.
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