Topic: Alts killing each other and the flood of alts will strengthen LTC's position (Read 1975 times)

So you are part of LTC; ffs u can´t invest in something and claim not to be part off.


Of course not; nothing clever to say about people like you anyway.

Are you some kind of nutter? I am not part of the LTC community. Mentioning LTC does not mean i am involved with its promotion.

I have LTC, which i have bought between the 0.0085 to 0.012 range. I will sell it for BTC when it reaches a certain price,

I belong to myself, and if i was supporting a community, it would be small, with an honest developer. I can think of one of those off hand.

Please stop responding to my posts unless you have an interesting or clever point to make.

 

There you go. LTC was the first ALT so it is easy prey for FUDSTERS. Having said that - the LTC devs did themselves no favours by their glacial development whilst holding large reserves of a coin with a $billion market cap. You have noone to blame but the LTC devs for LTC demise.  

You are part of the LTC community, so am i, i am on #litecoin since years and hold a chunk.
You are giving LTC trading advises so yes, you clearly are.

My post had the sole intention to show Kelsey who started this topic but seems to be a very correct person that the LTC community isn´t better than others.
Black sheeps are everywhere, people like you who have invested and need to trashtalk other peoples hard work.

Its not wise to throw a stone when sitting in a glasshouse.

Not very clever, given I am not part of the "LTC community". So it makes no sense to imply I am.

If you want to know my position, I think BTC has the best chance of long-term success. LTC has a decent chance, but i am not convinced enough to argue for it in BTC terms. Practically speaking it is to better use, but then Earthcoin is easier to use than LTC, so there is not so much mileage to take from that argument.

But I said something bad about Monero, so you better misrepresent me a few more times.

Thats how Litecoin users do it at an example of rikkejohn: https://bitcointalksearch.org/topic/monero-xmr-why-do-people-fall-for-the-shills-and-bullshit-751095

Oh yes, you guys are so much better.

That's exactly my sentiment. If a coin's worth is so little that it can only gain share by having its "community" constantly attack other coins, how can it ever hope to gain acceptance for more than a fraction of a moment?

It's funny to come back a year later and see all these people I've put on my ignore list. It only takes seeing a few of their recent posts to realize why it was I originally put them on ignore. It seems that people never change.

Those who are slithering around trying to damage the reputation of other coins in an attempt to steal market share need to be weeded out as they are a cancer across the forums and Reddit, which is doing more damage to the CryptoCurrency sector than any government or external force.

I suggest at the very least the ignore button is a good start.

Actually, the last laugh is on you. Litecoin may well die, but not because of the reasons you gave. they apply to Bitcoin, too.

I suppose even a stopped clock appears to be correct twice a day, but it isn't correct.

People do not use currency because it is innovative. They use safe currencies, that are culturally acceptable and embedded within a system. A currency is a means of payment, not an exercise in "features".

People do not use fancy new shit unless they are very stupid or very clever, and have inside information.

I would love to see LTC recover from the last few months...only time will tell and no one has a crystal ball.
Real world useability is defo the most important thing.

If people dont understand something & cant use it easily, it will collect dust

I've been playing with alts for 18 months or so, and I have to agree with your post. There is too much risk with them, too many lies from the devs and none of them seem to last more than 1 pump if they are lucky.

So I'm back to BTC/LTC, No chance playing with any others with the exception of the odd one that is clearly being primed for a pump over a long-period of time.

Chikun rising

Well yeah adoption can't be the only deciding factor, that's just wrong. I guess it has to be something that has a combination of features, speed, anonymity and adoption.
Bitcoin is most likely gonna stay on top for a long time if not forever. Most altcoins are relatively very young (even Bitcoin is). There are a few that offer nice features and anonymity, if they get some adoption over time they could move up.

The market disagrees with this. Litecoin holds up better than the majority of all altcoins in times of crisis. Litecoin's market cap is much, much bigger than the next biggest alt. In terms of competition, Litecoin has already won as the #1 alt spot, hands down.

Its fun to predict things for the sake of sounding smart but you've got less than 4 months for LTC to lose 3/4 of its market cap. And Ripple has to remain the same in value (or go up).

Those were the days, -sigh-

Absolutely, wishful thinking

You litecoin guys have fallen off the deep end, it will lose #2 by the end of the year, probably much much sooner. There are alot of great innovative coins out there and litecoin thinks it will survive doing nothing and going off of nothing but it's name. LOL

#Delusional

What workaround?

Of course that can be fully automated.

The most basic way to make that a total non-issue is to simply attach the payment id after the address and add a checksum, theres no chance u can miss that while copy pasting it into the wallet or clicking a payment link.

For your info, BTC also has a payment protocol: https://github.com/bitcoin/bips/blob/master/bip-0070.mediawiki
Well, Litecoin doesn´t seem intersted in such stuff at all.


And the FIAT/CASH argument, damn i wouldn´t be on bitcointalk nor would you if you were a fan of the FIAT system

To address the AMAZON argument, merchants don´t want to expose what they earn, so its not only a question if i would prefer it because they would do it too.

if you go to the doctor you could pay cash but yes, in some cases you want privacy.
but is it really important if you buy anything f.e. at amazon? they would have to use your workaround for each payment. it has to work fully automatically on an high amount of transactions every day.

Now that is really shocking me.

Theres no freedom without privacy, simply thats why we need privacy.
Why wouldn´t a merchant accept such a currency? it stops people from tracking their sales.
Bitpay is actually a big fan of Stealthaddresses for example, they are perfect for merchants.
For example theres a psychiatrist in new york who already accepts Monero as a method of payment, simply because his customers have a good reason to stay anonymous, for the same reason doctors aren´t allowed to talk about their patients nor are lawyers allowed to talk about their clients.

There are people who need privacy more than others, especially in opressed countries (its up to you which countries you think are opressed).


Not really.
In CN you make a new ring sig, using the same key image but different (random) data, thats only possible if you own the private key.
Then you can disclose the random number used to create the one time address.

Everone can check that the one time address i send money to can be created using the pubkey and intermediate random number.
Ideally you pack this into a payment protocol outside of the blockchain.

And for Donationaddresses/Charities who need a transparency they can simply publish their viewkey.

That the tooling currently doesn´t exist doesn´t mean it wont be implemented

i dont flame i am here to get more information and read different opinions

i see it from a different view. in the current phase of cryptocurrencies, they are used as store of value like metals, for daytrading and as payment method with low transactions costs. thats why i think the most important for an altcoin right now is to have enough volume that merchants could instant convert their alts into fiat. therefore its also important to have fiat trading pairs. its a pain to trade an alt into btc on one exchange then transfer the btc to another exchange to finally be able to get fiat.
so its more about adoption than about features. thats why i think litecoin stays #2 for now.

but I am not a litecoin promoter, it's a valid point that litecoin should use 0.9 branch and spend more time in development. Otherwise it will be hard for ltc to keep the #2 coin behind btc, like i said.

i used "fancy features" because i think people overrate some problems and features. specially privacy. anonymous payments are great for private money but if you are a legit merchant, why would you accept such a currency? you have to use one-time-adresses for each payment, or somebody to manage the support for all the payments missing an payment-message. How can a buyer prove he really sent the payment when he forgets the payment message? (i like how monero solved it with privacy levels, so you can turn off anonymity).

i dont say all altcoin features are useless, some will turn out to be great. but overall i see the problems you mentioned as flaws not as critical. i have full trust in the bitcoin devs that major issues can be fixed within bitcoin.