Topic: 2018-2-9][ Dark Web Users Ditch Bitcoin for Litecoin Due to Slow Transactions. (Read 111 times)
February 09, 2018, 02:51:27 AM
This article sounds really outdated, because the fees have been as low as 2-5sat/byte for 2 weeks already, so you could easily get your transaction confirmed for $0.1 in the next 10 minutes. And with Lightning network being tested on mainnet, you can even try to get almost free and instant microtransactions - something that no other cryptocurrency can offer yet. But DarkWeb users should care about privacy in the first place, so they should pick Monero over any coin that offers them fast and cheap transactions - it's better to be safe rather than risk getting traced due to weak anonymity of Bitcoin and Litecoin.
February 09, 2018, 01:39:01 AM
Slow transaction times and high fees are causing dark web users to favor Litecoin and, to a lesser extent, Dash, over bitcoin. A new report by Recorded Future, a threat intelligence company, has found that dark web criminals began turning away from bitcoin in 2017 because of slow processing and high fees.
Recorded Future analyzed 150 dark web message boards, marketplaces and illicit services and found Litecoin has become second most used coin after bitcoin, followed by Dash.
litecoin has always been to complement bitcoin — to be the payments currency. Where bitcoin would be digital gold, litecoin would be silver. It’s more useful for payments. And bitcoin would be better for store of value,
Litecoin has advanced 650% since about July and is one of only a handful of cryptocurrencies that trade at Lee’s former employer Coinbase.
https://www.ccn.com/dark-web-users-favoring-litecoin-due-to-bitcoins-costly-slow-transactions/
Recorded Future analyzed 150 dark web message boards, marketplaces and illicit services and found Litecoin has become second most used coin after bitcoin, followed by Dash.
litecoin has always been to complement bitcoin — to be the payments currency. Where bitcoin would be digital gold, litecoin would be silver. It’s more useful for payments. And bitcoin would be better for store of value,
Litecoin has advanced 650% since about July and is one of only a handful of cryptocurrencies that trade at Lee’s former employer Coinbase.
https://www.ccn.com/dark-web-users-favoring-litecoin-due-to-bitcoins-costly-slow-transactions/
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