LTC vs. BTC: Still the top contender?

[lister storm]

calling any coin "next bitcoin" is basically enthusiastic and no serious investor will invest based on such statements.

[nachoig]

Definitely, Litecoin is not a Bitcoin contender. When they say "Litecoin is silver to Bitcoin's gold", it clearly show they can't or they don't have interest in to be a Bitcoin contender or surpass the Bitcoin leadership.

There are a lot of threads here claiming Litecoin is dying or is dead. I disagree. Litecoin is still alive, it's still maintained, it's in the #3 at market cap and its acceptance is much larger than any other altcoin. But I agree in an important aspect: Litecoin suffers of a lack of vision. Claiming it doesn't need development and it just need adoption clearly show this.

They need to show why they are here. They can say they use Scrypt instead of SHA-256, they have a fast block generation and related thing. OK, this in 2011 was some innovation. Also, they had a fair launch, with no premine (in opposite to ixcoin and Tenebrix, for example). But, and after this? Just sit and watch Bitcoin development, see if the magic of network effect works and merging some commits from the upstream? They're going to nowhere and eventually will be surpassed by another altcoin.

In my opinion, contenders to Bitcoin today should have some of this characteristics: annonymity / privacy, scalability (some way to avoid blockchain bloat), sustanaibility of mining,  or other instruments to difficult attacks against the network.

[razen489]

It's clear LTC will not compete with Bitcoin, so is Dogecoin https://www.coingecko.com/en
They will all fill the same niche. Still cant think why people wnat to use LTC over BTC in the future. More stuff and apps will be built on top of BTC, can LTC take advantage of that? Maybe if Coinbase supports

[cocales]

LTC it's been let access at low price for adoption purpose. The more people get it the more will be spread no like other coins having a few hundred bag holders, innovation is coming later.
LTC is not forgotten just buy and hold.

[bitcoin_bagholder]

LTC it's been let access at low price for adoption purpose. The more people get it the more will be spread no like other coins having a few hundred bag holders, innovation is coming later.
LTC is not forgotten just buy and hold.

The price is low because there isn't much demand for it.

Litecoin is not innovative nor will it ever be. Who you trying to fool?

This pic typifies the Bitcoin-Litecoin relationship:

[nagatlakshmi]

LTC lost it's ground from last couple of years.

[TheMage]

Definitely, Litecoin is not a Bitcoin contender. When they say "Litecoin is silver to Bitcoin's gold", it clearly show they can't or they don't have interest in to be a Bitcoin contender or surpass the Bitcoin leadership.

There are a lot of threads here claiming Litecoin is dying or is dead. I disagree. Litecoin is still alive, it's still maintained, it's in the #3 at market cap and its acceptance is much larger than any other altcoin. But I agree in an important aspect: Litecoin suffers of a lack of vision. Claiming it doesn't need development and it just need adoption clearly show this.

They need to show why they are here. They can say they use Scrypt instead of SHA-256, they have a fast block generation and related thing. OK, this in 2011 was some innovation. Also, they had a fair launch, with no premine (in opposite to ixcoin and Tenebrix, for example). But, and after this? Just sit and watch Bitcoin development, see if the magic of network effect works and merging some commits from the upstream? They're going to nowhere and eventually will be surpassed by another altcoin.

In my opinion, contenders to Bitcoin today should have some of this characteristics: annonymity / privacy, scalability (some way to avoid blockchain bloat), sustanaibility of mining,  or other instruments to difficult attacks against the network.

Pretty good post, but a few corrections for the "legendary" trolls here .

1. Really its the number 2 marketcap, ripple does not count because their company owns the vast majority of coins (Auroracoin effect going on here).

2. There is a vision, the whole "doesnt need development" that Charlie said on twitter was out of context. What he means is that Litecoin does not need serious changes to the core. But we do need more third party applications and development. See number 4

3. LTC devs work with BTC devs, and we adopt the same core security measures as bitcoin does which is more important then additional features that can be implemented via 3rd party.

4. bitcoinist.net/litecoin-association-appoints-new-development-team-director/

5. Too tired to post anymore

6. Night all!

[Bizmark13]

It's clear LTC will not compete with Bitcoin, so is Dogecoin https://www.coingecko.com/en
They will all fill the same niche. Still cant think why people wnat to use LTC over BTC in the future. More stuff and apps will be built on top of BTC, can LTC take advantage of that? Maybe if Coinbase supports

Litecoin is technically very similar to Bitcoin so apps for Bitcoin and anything that is built on top of Bitcoin could also be adapted for Litecoin as well. Whether or not services such as Coinbase choose to incorporate Litecoin is their choice, however. A few exchanges have considered adding LTC trading. Among these were Mt. Gox and BTC China. Payment processor Coinkite also supports Litecoin and Blackcoin in addition to Bitcoin. Some ATMs do too I think.

[Tazmr2001]

HEY guyz can you let me know im thinking on investing in a rig and wanted to know whats good and not good

[Shattered]

HEY guyz can you let me know im thinking on investing in a rig and wanted to know whats good and not good

Post of the month....no, make that year.

(i know, i know, we should all just give this one a pass...) 

[kelsey]

LTC it's been let access at low price for adoption purpose. The more people get it the more will be spread no like other coins having a few hundred bag holders, innovation is coming later.
LTC is not forgotten just buy and hold.

Litecoin is not innovative nor will it ever be. Who you trying to fool?

and who you trying to fool with this 'innovation' term? 'innovation' just a word throw around on this forum just to sell the latest scamcoin.

as a currency USD is levels of magnitude more successful then bitcoin, yet how innovative is it?

most average joes can barely get their head around bitcoin let alone these innovative alts that don't really add anything innovative just ad more complications, which makes for less chance of success not greater....but thats lost on most here.

key to making a crypto successful as anything more then a trading token (and thats all all cryptos have been todate including bitcoin), is adoption.

[manfred]

LTC it's been let access at low price for adoption purpose. The more people get it the more will be spread no like other coins having a few hundred bag holders, innovation is coming later.
LTC is not forgotten just buy and hold.

Litecoin is not innovative nor will it ever be. Who you trying to fool?

and who you trying to fool with this 'innovation' term? 'innovation' just a word throw around on this forum just to sell the latest scamcoin.

as a currency USD is levels of magnitude more successful then bitcoin, yet how innovative is it?

most average joes can barely get their head around bitcoin let alone these innovative alts that don't really add anything innovative just ad more complications, which makes for less chance of success not greater....but thats lost on most here.

key to making a crypto successful as anything more then a trading token (and thats all all cryptos have been todate including bitcoin), is adoption.

Innovative coins like Lottoshares, SiliconValleyCoin, Auroracoin, Neutrino, Freicoin, Primecoin, Marinecoin ............ all hat multi-million dollar marketcaps at some time

[juicyjuice87]

Litecoin is getting more centralised everyday. Only the whales are buying more coins. Sad but true