Litecoin v. Bitcoin

[kelsey]

all this development dribble is scammed into your heads by the 'innovation' to sell snake oil crowd.

what crypto is meant to be; CURRENCY

what it is not; A MISSION TO MARS.

all the 'innovations' todate i see add complication, when the bases for these all come from, is already TOO complicated to be successful for mass adoption.

Litecoins got it right. Time will show that.

[Chris_Sabian]

litecoin volume on exchanges isn't bad but it's waiting for the first large exchange to delist it at some point this or next year. the only thing you can say about litecoin is "it's there" it has no real purpose.

If LTC goes then pretty much everything else will too. It would take something pretty cataclysmic to knock it off the alt map altogether.

Yes, but where is the economy for litecoin?  Where is the infrastructure?

[shogdite]

I am so confused.

What is better?  Which one do you guys recommend more?

Thank you for your time

I think that is a good question! One of them is cheap fast transaction times and a bigger supply, i would say litecoin is good for all and any small purchases and bitcoin is the best and most secure for the larger more serious transactions. I have no hate for litecoin i believe they both have their place just bitcoins place is sealed and is not budging as the daddy of crypto.. Litecoin can carry on licking the bottom of Bitcoin.

[coblee]

In all honesty, it seems to me that a cryptocurrency with a $50 million marketcap is important enough to have a lead developer that makes the job his "title role" and all other endeavors secondary.

But I guess working for a semi-famous boss that hates Altcoins makes it hard to say anything other than "development is not needed". If this had been the attitude of Henry Ford we'd all be driving around in fancy horse carriages.

Development is going along just fine: https://litecointalk.org/index.php?topic=25306.0

If someone thinks they can do a better job than Warren at leading Litecoin development, please raise your hands. Who are you to criticize us for not spending 100% of our time on Litecoin?

Being the creator of Litecoin, I believe I have the best vision about how to help Litecoin succeed in the long run. And that's working at Coinbase to first help Bitcoin succeed. Litecoin was created to complement Bitcoin. If Bitcoin fails to become adopted by the mass, only a fool would think that Litecoin (or any other cryptocurrency for that matter) will succeed where Bitcoin failed. Adding the latest snake oil feature to Litecoin only helps Litecoin in the short run. Maybe if I spent 100% of my time the past 2 years working on Litecoin and adding gimmicky features, there might be a 20% increase in price and users. I think even that is optimistic. And that only gives Litecoin a short term pump in price.

I want Litecoin to succeed long term as much as anyone else. Of course, there's a risk that by not pumping Litecoin today, another coin might manage to take over the 2nd position, and that could spell doom for Litecoin. But that's a risk I'm willing to take. My main goal is to help cryptocurrency (Bitcoin, Litecoin, and every other coin) succeed. I'd rather live in a world where Bitcoin became the dominant currency and Litecoin has died than in a world where Litecoin is still the #2 cryptocurrency but very few people use Bitcoin or Litecoin.

[25hashcoin]

all this development dribble is scammed into your heads by the 'innovation' to sell snake oil crowd.

what crypto is meant to be; CURRENCY

what it is not; A MISSION TO MARS.

all the 'innovations' todate i see add complication, when the bases for these all come from, is already TOO complicated to be successful for mass adoption.

Litecoins got it right. Time will show that.

This.

[Agestorzrxx]

Why people need Ltc?
There is no reason for that. The rate LTC/BTC is continue to fall from 0.025+ to 0.006, it explain everything.

[kelsey]

Why people need Ltc?

why do we need btc? if we have something better  

and define what you mean by need? i mean most the world gets along fine without cryptocurrencies.

[kelsey]

I'd rather live in a world where Bitcoin became the dominant currency and Litecoin has died than in a world where Litecoin is still the #2 cryptocurrency but very few people use Bitcoin or Litecoin.

well tbh your diplomacy and not wanting to take on bitcoin headon has helped litecoin succeed relative to previous alts, however litecoin can and should take advantage of its 2nd place to bitcoin.

if litecoin stays a few steps behind bitcoin, it can avoid any trip-ups bitcoin makes and thus have an advantage, admittedly any terminal trip up by bitcoin, at this point in time, would likely spell the end for all existing cryptos.


while i think the idea behind bitcoin was a step in the right direction, i can't see it (or any other current cryptos) succeeding in any meaningful ways as a competitor to fiat.

though soon enough a alternative digital currency will come along that can, the only thing good to come out of the crypto scene todate is the 'idea'.

yes bitcoin will become a flavor of the day trading commodity (well really a pseudo fiat trading token), a few small time wall street players may pump it for a spin in time, so the into making fiat crowd here will have smiles soon enough.

[Agestorzrxx]

Why people need Ltc?

why do we need btc? if we have something better  

and define what you mean by need? i mean most the world gets along fine without cryptocurrencies.

You mean LTC is better than BTC? I don't see anything Ltc is better than Btc, Ltc is just a copy of BTC and almost no people use it.

[Amph]

Why people need Ltc?

why do we need btc? if we have something better  

and define what you mean by need? i mean most the world gets along fine without cryptocurrencies.

how it is better? because of the faster confirmations? besides this litecoin is a pure clone, and it was not the first clone of bitcoin, so it's a clone of another clone, not something that i would call better, to be honest

[Eastwind]

Why people need Ltc?

why do we need btc? if we have something better  

and define what you mean by need? i mean most the world gets along fine without cryptocurrencies.

how it is better? because of the faster confirmations? besides this litecoin is a pure clone, and it was not the first clone of bitcoin, so it's a clone of another clone, not something that i would call better, to be honest

Faster confirmation suffers from orphan blocks. The confirmation time to prevent double spend is the same for BTC and LTC, 6 blocks (60min) for BTC and 24 blocks for LTC.

[kelsey]

Why people need Ltc?

why do we need btc? if we have something better  

and define what you mean by need? i mean most the world gets along fine without cryptocurrencies.

You mean LTC is better than BTC? I don't see anything Ltc is better than Btc, Ltc is just a copy of BTC and almost no people use it.

as i've said before for real world mainstream adoption ltc has huge advantages over bitcoin;

one big one being we know the original dev, btc's got an anon dev with 1 million stash, i'm a crypto enthusiast and that don't sit well with me, hows average joe going to accept that as an alternative to the greedy fiat banker  

bitcoins foundation and core dramas crossed the decentralised line a time or 10 already, lets add gox, silkroad dramas, the fact that a savy lawyer could oneday class action against all bitcoin users for holding a great % of stolen bitcoin (possession of stolen goods is illegal in most places).

come on seriously bitcoin is a regulators nightmare,

lets get too useability, come on seriously any you guys actually use bitcoin?

litecoin i use cross exchange trading so much smoother then bitcoin, in practice, in my real world experience. not yet had a mac client for bitcoin work, not had a problem with litecoin (use both windblows and mac).


problem is most people here have such an emotional attachment to having bitcoin work that they excuse the glaringly obvious problems with it.

 






 

[sikaxchange]

hmmmmmm interesting thread but i feel that Bitcoin is by far the more recognized brand in the world so bitcoin beats Litecoin more

[DooMAD]

as i've said before for real world mainstream adoption ltc has huge advantages over bitcoin;

one big one being we know the original dev, btc's got an anon dev with 1 million stash, i'm a crypto enthusiast and that don't sit well with me, hows average joe going to accept that as an alternative to the greedy fiat banker 

bitcoins foundation and core dramas crossed the decentralised line a time or 10 already, lets add gox, silkroad dramas, the fact that a savy lawyer could oneday class action against all bitcoin users for holding a great % of stolen bitcoin (possession of stolen goods is illegal in most places).

come on seriously bitcoin is a regulators nightmare,

lets get too useability, come on seriously any you guys actually use bitcoin?

litecoin i use cross exchange trading so much smoother then bitcoin, in practice, in my real world experience. not yet had a mac client for bitcoin work, not had a problem with litecoin (use both windblows and mac).

god where do i stop.

LTC came pretty close to being listed on Gox.  In a way, you're lucky they were so hopeless at coding, otherwise they might have added support for Litecoin just in time to swallow up a nice big chunk of coins.  So let's not pretend you would have been immune from that fallout had things been different.  Many of the other examples you've listed could also apply to LTC.  How is it any easier to regulate?  If you've traded plenty of Litecoin, how do you know none of yours is stolen?  It's not like other cryptocurrencies are magically immune to theft of fraud.

[kelsey]

as i've said before for real world mainstream adoption ltc has huge advantages over bitcoin;

one big one being we know the original dev, btc's got an anon dev with 1 million stash, i'm a crypto enthusiast and that don't sit well with me, hows average joe going to accept that as an alternative to the greedy fiat banker  

bitcoins foundation and core dramas crossed the decentralised line a time or 10 already, lets add gox, silkroad dramas, the fact that a savy lawyer could oneday class action against all bitcoin users for holding a great % of stolen bitcoin (possession of stolen goods is illegal in most places).

come on seriously bitcoin is a regulators nightmare,

lets get too useability, come on seriously any you guys actually use bitcoin?

litecoin i use cross exchange trading so much smoother then bitcoin, in practice, in my real world experience. not yet had a mac client for bitcoin work, not had a problem with litecoin (use both windblows and mac).

god where do i stop.

LTC came pretty close to being listed on Gox.  In a way, you're lucky they were so hopeless at coding, otherwise they might have added support for Litecoin just in time to swallow up a nice big chunk of coins.  So let's not pretend you would have been immune from that fallout had things been different.  Many of the other examples you've listed could also apply to LTC.  How is it any easier to regulate?  If you've traded plenty of Litecoin, how do you know none of yours is stolen?  It's not like other cryptocurrencies are magically immune to theft of fraud.

i've not stated other currencies (including fiat) aren't subject to the same issue, but clearly btc is alot more tainted, and such has been splashed all over the news, rightly or wrongly it doesn't paint a nice picture of bitcoin to the mass market.

well i have been privy to some (irl i run a company that helps other companies list on markets) of the regulation hurdles faced with the upcoming bitcoin etf, the anon dev thing was the biggest hurdle with regulators.

[R2D221]

one big one being we know the original dev, btc's got an anon dev with 1 million stash, i'm a crypto enthusiast and that don't sit well with me, hows average joe going to accept that as an alternative to the greedy fiat banker  

Yeah, but the “original dev” of Litecoin based his development on Satoshi's code, so if there was a problem with Bitcoin, it would affect Litecoin as well.

[kelsey]

one big one being we know the original dev, btc's got an anon dev with 1 million stash, i'm a crypto enthusiast and that don't sit well with me, hows average joe going to accept that as an alternative to the greedy fiat banker  

Yeah, but the “original dev” of Litecoin based his development on Satoshi's code, so if there was a problem with Bitcoin, it would affect Litecoin as well.

not on this particular point because its a completely fresh ledger.

[R2D221]

one big one being we know the original dev, btc's got an anon dev with 1 million stash, i'm a crypto enthusiast and that don't sit well with me, hows average joe going to accept that as an alternative to the greedy fiat banker  

Yeah, but the “original dev” of Litecoin based his development on Satoshi's code, so if there was a problem with Bitcoin, it would affect Litecoin as well.

not on this particular point because its a completely fresh ledger.

So what? The code is the same, just with some changed parameters. If Bitcoin code has a bug, Litecoin has it too.

[kelsey]

one big one being we know the original dev, btc's got an anon dev with 1 million stash, i'm a crypto enthusiast and that don't sit well with me, hows average joe going to accept that as an alternative to the greedy fiat banker  

Yeah, but the “original dev” of Litecoin based his development on Satoshi's code, so if there was a problem with Bitcoin, it would affect Litecoin as well.

not on this particular point because its a completely fresh ledger.

So what? The code is the same, just with some changed parameters. If Bitcoin code has a bug, Litecoin has it too.

 

its not about the code, its about being anon then doing a runner with ~1million coinage

[thejaytiesto]

I can LTC already dead since a big dump long time ago
From about $50 become $1.3 only

Even BTC price from $12xx become $210
Bitcoin still used as currency unlike LTC

LTC's pump was insane. I wouldn't count out LTC just yet tho... when BTC goes 1k+ again.. do you really think that LTC isn't going to follow with a pump as well?