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Litecoin doesn't have really much to offer, you might swell just use bitcoin, more impressive start ups in 2015 are popping up actually showing innovation that makes sense.
True. All it really ever had was being a second best to bitcoin. Not really much point in it to be honest and likely never will.
Litecoin creator wouldn't do any improvements. He says he is not into gimmicks, but why not some innovation? too sad LTC will be worth just pennies.
By the amount of people dumping their coins there is no real hope that we will see 1$ very soon again.
http://www.coindesk.com/mining-asics-technologies-bankrupt/
One of more company's are already think that insolvency is the only way.. this looks grim for the future of Scrypt-miner advancement.
I don't think this has much to do with litecoin. http://www.coindesk.com/mining-asics-technologies-bankrupt/
One of more company's are already think that insolvency is the only way.. this looks grim for the future of Scrypt-miner advancement.
This is rather the effect of bad management, unrealistic delivery plan and so on...
While filling for bankruptcy they don't have to pay on reimburse anything... (this is the real world equivalent of the cryptoworld "have been hacked I quit" scam ...)
Litecoin doesn't have really much to offer, you might swell just use bitcoin, more impressive start ups in 2015 are popping up actually showing innovation that makes sense.
True. All it really ever had was being a second best to bitcoin. Not really much point in it to be honest and likely never will.
I have heard people screaming about the death of LTC for ages now and always brushed them off.
But, when your coin's algo gets ASICs, and then investment dries up to the point that no one is putting money into developing newer generations of ASICs, it does not paint a pretty picture for the health of the LTC network. Some of the smaller scrypt coins will be okay for now, but it is hard to see a coin with a current 60 million dollar market cap growing or stabilizing at that level when the backbone of it's network is aging zeusminers and gridseeds.
But, when your coin's algo gets ASICs, and then investment dries up to the point that no one is putting money into developing newer generations of ASICs, it does not paint a pretty picture for the health of the LTC network. Some of the smaller scrypt coins will be okay for now, but it is hard to see a coin with a current 60 million dollar market cap growing or stabilizing at that level when the backbone of it's network is aging zeusminers and gridseeds.
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