Why Litecoin Cannot Be Bitcoin's Silver

[cakebet]

http://blog.cakebet.com/?p=2439

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[smoothie]

so the answer to your subject line is....<COPY><PASTE>

lol

[TaunSew]

Yeah that article been circulating on Reddit.

I don't think they understand that you can't FUD Litecoin in english language as most Litecoin users are people in China who don't even read Bitcointalk or english-speaking Reddit.

[junglecat]

The only FUD litecoin knows originates from China. This is english FUD and not worth .001 LTC.  

[devphp]

Easy. Because silver metal has unique properties that gold doesn't have, both are valued. Litecoin doesn't have unique properties compared to Bitcoin (no, tweaking a few parameters doesn't make it unique), it won't survive. "Litecoin is silver to Bitcoin's gold" was a short-term marketing ploy for the uneducated. Doge has a chance to gain some of Bitcoin's market share, because it has been unique in marketing, that is its non-technical unique property, but only if it persists in pushing itself to new markets.

Then there is a bunch of crypto 2.0 technologies with unique to Bitcoin properties, but they are beyond the scope of this thread.

[snappa4ever]

Only time will tell but Litecoin is the 2nd well known crypto.

[michaellanthros]

Only time will tell but Litecoin is the 2nd well known crypto.

Exactly, Litecoin is valuable to the scrypt miners at least and is the second most known crypto. I don't know why people think there can only be one crypto out there with value.

[e-coinomist]

Exactly, Litecoin is valuable to the scrypt miners at least and is the second most known crypto. I don't know why people think there can only be one crypto out there with value.

... and why they all gather in Bitcoin Forum > Other > Alternate cryptocurrencies is another unsolveable mystery!

Anyways, my 1st prediction of Scrypt ASICS introducing a similar development as seen from SHA256 ASICS has proven wrong. Conclusion: Mining is not the main influence factor for value

[Booth]

Only time will tell but Litecoin is the 2nd well known crypto.

Exactly, Litecoin is valuable to the scrypt miners at least and is the second most known crypto. I don't know why people think there can only be one crypto out there with value.

litecoin brings nothing new that bitcoin doesn't
thats why litecoin is just another shitcoin

[Karabel]

Only time will tell but Litecoin is the 2nd well known crypto.

Exactly, Litecoin is valuable to the scrypt miners at least and is the second most known crypto. I don't know why people think there can only be one crypto out there with value.

litecoin brings nothing new that bitcoin doesn't
thats why litecoin is just another shitcoin

Unfortunately you are right. There is many of new coin witch is much better than litecoin. Sad but true

[kelsey]

Only time will tell but Litecoin is the 2nd well known crypto.

Exactly, Litecoin is valuable to the scrypt miners at least and is the second most known crypto. I don't know why people think there can only be one crypto out there with value.

litecoin brings nothing new that bitcoin doesn't
thats why litecoin is just another shitcoin

What about a non anon dev, btc anon dev may add abit of character to the story but when it comes to real world adoption tis a huge negative.

With the 101 scams run on this forum most alts are becoming a huge joke. pretty much anyone whos not playin these scams is defaulting back to litecoin as the 'alt' to bitcoin and fiat.


Litecoin doesn't need to be the silver to anything it has merits on its own.

Why are these litcoin FUD threads always field up with newbie accounts  

And why are you guys always so concerned with the fate of litecoin, the holders aren't 

[Come-In-Behind]

Yeah that article been circulating on Reddit.

I don't think they understand that you can't FUD Litecoin in english language as most Litecoin users are people in China who don't even read Bitcointalk or english-speaking Reddit.

To be fair, that's not necessarily true. A lot of litecoin's volume on those Chinese exchanges are thought to be faked. I myself believe they are as well. For EX: Okcoin has 0 trading fees, so users may just put up bots and have them trade back and forth, thus creating fake volume for LTC markets. Litecoin's low marketcap and "high" trading volume just don't add up, especially since BTC is many times LTC's marketcap, but not near the same amount of volume, ratio wise.

[Come-In-Behind]

Easy. Because silver metal has unique properties that gold doesn't have, both are valued. Litecoin doesn't have unique properties compared to Bitcoin (no, tweaking a few parameters doesn't make it unique), it won't survive. "Litecoin is silver to Bitcoin's gold" was a short-term marketing ploy for the uneducated. Doge has a chance to gain some of Bitcoin's market share, because it has been unique in marketing, that is its non-technical unique property, but only if it persists in pushing itself to new markets.

Then there is a bunch of crypto 2.0 technologies with unique to Bitcoin properties, but they are beyond the scope of this thread.

Interesting comparison, Lol

[kelsey]

Yeah that article been circulating on Reddit.

I don't think they understand that you can't FUD Litecoin in english language as most Litecoin users are people in China who don't even read Bitcointalk or english-speaking Reddit.

To be fair, that's not necessarily true. A lot of litecoin's volume on those Chinese exchanges are thought to be faked. I myself believe they are as well. For EX: Okcoin has 0 trading fees, so users may just put up bots and have them trade back and forth, thus creating fake volume for LTC markets. Litecoin's low marketcap and "high" trading volume just don't add up, especially since BTC is many times LTC's marketcap, but not near the same amount of volume, ratio wise.

Thats not exactly fake volume though, its exactly what happens on stockmarkets as well, same parcels of shares traded back and forth, tis called daytrading.

Most my tradings done in ltc on chinese exchanges, I often rack up large volumes of trades in a day (so I find chinese exchange data believable), but yeah its the same coins back and forth.

[Stinky_Pete]

Where can I trade in Stone? It's going to da moooon!

[devphp]

Where can I trade in Stone? It's going to da moooon!

No, it doesn't even have a blockchain, meh

[STT]

Thats not exactly fake volume though, its exactly what happens on stockmarkets as well, same parcels of shares traded back and forth, tis called daytrading.

Most my tradings done in ltc on chinese exchanges, I often rack up large volumes of trades in a day (so I find chinese exchange data believable), but yeah its the same coins back and forth.

High volume trading provides liquidity and price stability for the general consumer, some exchanges pay their participants for their involvement.  I dont know if that applies to LTC but China does not have a free currency and it is constantly diluted to keep it fixed to the dollar which would make large holders perhaps look for alternatives certainly litecoin has less paper work and probably faster to send.
I wouldnt say its without features cause bitcoin itself is not especially well stocked, it moves faster and I guess its possible that the cheaper unit is more preferable for some.  China has alot more claim to cryptocurrency then us as we can send or use any global currency we want

[michaellanthros]

Only time will tell but Litecoin is the 2nd well known crypto.

Exactly, Litecoin is valuable to the scrypt miners at least and is the second most known crypto. I don't know why people think there can only be one crypto out there with value.

litecoin brings nothing new that bitcoin doesn't
thats why litecoin is just another shitcoin

It brings investment value, like it or not many people have made money investing in Litecoin.

[omega33]

Litecoin was lucky to be at the right place at the right time.
Back when litecoin was create, there were not much competition. Now look at the altcoin market, there are tons of altcoins around.
Litecoin won't stand a chance now.

[cakebet]

It's going to be interesting to see which ones are still alive in a few years.  It's taken Bitcoin a while to become as trusted as it is today.

Litecoin was lucky to be at the right place at the right time.
Back when litecoin was create, there were not much competition. Now look at the altcoin market, there are tons of altcoins around.
Litecoin won't stand a chance now.