Litecoin v. Bitcoin

[runningfree]

It seems to me that Litecoin exist on the fringes while bitcoin is where its at.

[FreeJack2k]

 The "community" claims don't hold any water with me, because it's a global currency and people judge it based on its western message board traffic...and besides that, in twenty years NOBODY will be sitting around on message boards discussing the merits of this crypto or that. If it succeeds, people will just either be using it, or not. They won't be talking about it.

Of course they will. It'll be a global currency that anyone can contribute code and new ideas to. Lord knows what stuff'll be invented in the years to come.

How much time do you spend reading developer boards discussing the development of the Hypertext Transfer Protocol, honestly?

Boards like Bitcointalk will be an anecdote told by old timers, in twenty years.

It seems to me that Litecoin exist on the fringes while bitcoin is where its at.

I've got news for you...Bitcoin exists every bit as much on the fringe as Litecoin does, when you consider the playing field they're both stepping on.

[manfred]

I am 100% involved with Litecoin and hold no Bitcoin, for two simple reasons. One, Litecoin is just faster...no matter how many ways you want to spin it, Litecoin transactions enter blocks and get confirmations at least 4x faster than Bitcoin and often faster. There has also, to my knowledge, never been a confirmed double-spend (the same cannot be said of Bitcoin). I've had to wait upwards of an hour for Bitcoin to get the needed confirmations to clear a deposit into an exchange. Litecoin? Maybe 15 minutes, on average. Number two, and more importantly, is Satoshi Nakamoto and his ~1 million BTC hoard. I don't know who or where he is, I don't know what his intentions are for that coin, I don't know if one day he'll just decide to cash out and wipe out the order books on a bunch of exchanges...I don't know anything about his character or his intentions. But I do know that one person having 5% of the LIFETIME SUPPLY of Bitcoin is dangerous and I refuse to "explain it away" with assumptions and suppositions. "Oh, he probably doesn't have it anymore," or "No way does this benevolent genius destroy his own creation." How do you know? You don't. "He created it, he deserves to cash that in if he wants to!" Fair enough...but I don't have to be there when he does.

Litecoin, for all intents and purposes, IS Bitcoin...but it's faster, and doesn't have the baggage.

As for people saying it has no acceptance...it has about 100x the acceptance that Bitcoin had, this time last year. It just doesn't have the big, high-profile "Overstock.com" buying into it. But it's got a LOT of smaller merchants, via Snapcard and GoCoin. The "community" claims don't hold any water with me, because it's a global currency and people judge it based on its western message board traffic...and besides that, in twenty years NOBODY will be sitting around on message boards discussing the merits of this crypto or that. If it succeeds, people will just either be using it, or not. They won't be talking about it.

The President has a running made or ?
Its also a insurance, a kind of backup blockchain. 
Only a fool would have nothing to fall back onto in a time of need. For a backup to be of any use it needs to be reasonable close.

[mlferro]

I prefer Dogecoin over Litecoin, but Bitcoin over Dogecoin.

I also share that idea. I add another altcoin, darkcoin over dogecoin.

[ChuckBuck]

I am 100% involved with Litecoin and hold no Bitcoin, for two simple reasons. One, Litecoin is just faster...no matter how many ways you want to spin it, Litecoin transactions enter blocks and get confirmations at least 4x faster than Bitcoin and often faster. There has also, to my knowledge, never been a confirmed double-spend (the same cannot be said of Bitcoin). I've had to wait upwards of an hour for Bitcoin to get the needed confirmations to clear a deposit into an exchange. Litecoin? Maybe 15 minutes, on average. Number two, and more importantly, is Satoshi Nakamoto and his ~1 million BTC hoard. I don't know who or where he is, I don't know what his intentions are for that coin, I don't know if one day he'll just decide to cash out and wipe out the order books on a bunch of exchanges...I don't know anything about his character or his intentions. But I do know that one person having 5% of the LIFETIME SUPPLY of Bitcoin is dangerous and I refuse to "explain it away" with assumptions and suppositions. "Oh, he probably doesn't have it anymore," or "No way does this benevolent genius destroy his own creation." How do you know? You don't. "He created it, he deserves to cash that in if he wants to!" Fair enough...but I don't have to be there when he does.

Litecoin, for all intents and purposes, IS Bitcoin...but it's faster, and doesn't have the baggage.

As for people saying it has no acceptance...it has about 100x the acceptance that Bitcoin had, this time last year. It just doesn't have the big, high-profile "Overstock.com" buying into it. But it's got a LOT of smaller merchants, via Snapcard and GoCoin. The "community" claims don't hold any water with me, because it's a global currency and people judge it based on its western message board traffic...and besides that, in twenty years NOBODY will be sitting around on message boards discussing the merits of this crypto or that. If it succeeds, people will just either be using it, or not. They won't be talking about it.

When I can book a flight through CheapAir, book a Hotel through Expedia, buy groceries using Gyft, buy furniture on Overstock, all done on a Dell laptop I bought on Dell.com all using Litecoin TODAY then I can consider your post relevant.

Until then, go suck an egg!

[Gyfts]

Litecoin is essentially your secondary Crypto to go to. Community isn't as strong, nor is it as common. BTC I would say is more universal and widely accepted. Personally, I'd say Bitcoin is the way to go. A bit bias though 

[Chef Ramsay]

About the only use I have for keeping some litecoin around is that it gains a lot of value in bitcoin during massive bull runs.

[crazyearner]

I like to have a nice stash of LTC for when it goes up and then convert back into BTC after but again LTC needs to sort a lot of things out to get back on track as their is hardly any services or products that use LTC compared with a lot of other alts going LTC seems like it is running into the ground with a slow death. Maybe if LTC devs get together and work on it and make some progress it would pick things up but seeing theirs only 1 or 2 active devs with LTC seems not much going to happen for the future of LTC unless devs get their act together and come out with some improvements and changes.

[Btcvilla]

Litecoin MAY be a good thing to invest in right now, but it may be a horrible thing to invest in right now, use your best judgement.

[pooya87]

I prefer Dogecoin over Litecoin, but Bitcoin over Dogecoin.

I also share that idea. I add another altcoin, darkcoin over dogecoin.

if i want to choose any other altcoin, i choose Dogecoin and that is just because of the awesome community. sadly Doge price is going to the moon in the opposite direction

[crazyearner]

I prefer Dogecoin over Litecoin, but Bitcoin over Dogecoin.

I also share that idea. I add another altcoin, darkcoin over dogecoin.

if i want to choose any other altcoin, i choose Dogecoin and that is just because of the awesome community. sadly Doge price is going to the moon in the opposite direction

Yup I would have to agree their also Dogecoin being a good one and also I would recommend Burst Coin it is fairly new and only one of the coins out their that is proof of capacity and the only coin like it being generated with your hard drive space. Got my fair share of Doge coins and a few others too.

[jbreher]

It seems to me that Litecoin exist on the fringes while bitcoin is where its at.

What makes you think that?

In the last couple weeks, bitcoin's share of the entire crypto scene's market cap has risen from about 81% to 84.8%. While it would be foolish to predict the future from a week's worth of data, this little trend is at least suggestive that the world at large may be growing tired of shitcoins.

I note for emphasis that Ripple's market cap was at one time higher than Bitcoin's (though why, I have no idea).

[Chef Ramsay]

Litecoin MAY be a good thing to invest in right now, but it may be a horrible thing to invest in right now, use your best judgement.

Litecoin is on the low and the halving is in this October so I see a win whether the BTC makes a run and coupled with the 1/2ing so it's a buy either way. Profits shall be coming soon I would think. I'd never assert an all-in mentality but a sparse holding could wake you up in the future with a nice win.

[Herbert2020]

i don't see any use for any other cryptocurrency other than bitcoin. the only thing that might be useful about altcoins is trading and only if you can gain profit from it, thats all

[Nerazzura]

i don't see any use for any other cryptocurrency other than bitcoin. the only thing that might be useful about altcoins is trading and only if you can gain profit from it, thats all

however, if no bitcoin they may be lonely and make it weak. though only for trade, they have a considerable influence on the falling or rising bitcoin

[Troonetpt]

i don't see any use for any other cryptocurrency other than bitcoin. the only thing that might be useful about altcoins is trading and only if you can gain profit from it, thats all

That‘s true.
There is no reason for the existence of litcoin.

[noelmal]

i don't see any use for any other cryptocurrency other than bitcoin. the only thing that might be useful about altcoins is trading and only if you can gain profit from it, thats all

That‘s true.
There is no reason for the existence of litcoin.

Equally people who use litecoin could see no reason for the existence of bitcoin, but hey live and let live. People who drive a Porsche may see no reason for the existence of Toyota.

Choice is a good thing.

I think many here have raised a valid point with there is more real world trust with litecoin as in there is no secret in who created it, might be a significant point when it comes to wider adoption.

Outside of straight up scams I don't see a reason to hate on other coins, and too much of this could possibly turn people off cryptos altogether.

[Hamuki]

LTC is very close and if not... Dead.

People arent adopting it, and its not really in use.

Bitcoin is going to be the best to stay on and stay away from LTC.

Maybe do Darkcoin instead since it looks like it has a bright future.

[bitwarrior]

the good old days of litecoin are over, bitcoin is the only 1 true cryptocurrency and in which it is day by day getting exposure in the masses and adaption is on the go.

[toknormal]

i don't see any use for any other cryptocurrency other than bitcoin

Well I suppose IBM didn't see any need for more than a couple of mainframes so your in good company.

Maybe do Darkcoin instead since it looks like it has a bright future.

This ^^^