Topic: Bitcoin is a Malfunctioning Prototype of Litecoin (Read 1348 times)

Quote from: Rahar02 on June 17, 2017, 06:02:47 PM

Let's face it: Litecoin does everything properly which Bitcoin is supposed to do. With real developer, not some shadowy cartoon character, it is weird it's not valued properly.

I think it should be valued at least 1/10th of bitcoin's price, meaning $250 as we speak.

Litecoin is not some 'trying to do everything type of neo-dot-com-vapor-promise-tech to revolutionize the way we can poop anonymously' etc but rather a functioning payment system and very solid and stable store of value.

As long as bitcoin exists, litecoin will not be number one and since litecoin is basically a copy of bitcoin then the chances of litecoin surpassing bitcoin are near zero, if they want to become the number one coin then they need to do things way better than bitcoin.

Eric Cartman

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Bitcoin came first, then Litecoin was meant to be a lite version of Bitcoin.

You could say that LTC is BTC improved, but a prototype of BTC is an inversion

Pursuer

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Where is my ring of blades...

I don't know when people are going to stop comparing a tiny altcoin with bitcoin!
when you are comparing two things these two things have to be in the same state as each other. then compare them. bitcoin is too big compared to any of the altcoins in both number of transactions and number of people using it. if you want to say X is better than BTC then X have to first function with the same number of transactions per day for at least a year and don't break down or centralize or .... then call it "better".

for example how will litecoin function after 3 years of being under constant spam attack on its network

dennyd999

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Let's face it: Litecoin does everything properly which Bitcoin is supposed to do. With real developer, not some shadowy cartoon character, it is weird it's not valued properly.

I think it should be valued at least 1/10th of bitcoin's price, meaning $250 as we speak.

Litecoin is not some 'trying to do everything type of neo-dot-com-vapor-promise-tech to revolutionize the way we can poop anonymously' etc but rather a functioning payment system and very solid and stable store of value.

Because litecoin has been activated segwit? Its confirmed faster and low fees?
What about if bitcoin activated segwit as well, what will happen? Hopefully those problems will be resolved.

Litecoin price still undervalue, simply because its demand isn't so much as bitcoin or ethereum demands.
Why? Because not many people attracted to litecoin as much they want to buy bitcoin or other (high price/promising) coins.

It is hugely overvaluated.

It is a fake china made Bitcoin copy clone. Nothing.

Rahar02

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Quote from: tristan1960 on June 17, 2017, 04:14:48 PM

Let's face it: Litecoin does everything properly which Bitcoin is supposed to do. With real developer, not some shadowy cartoon character, it is weird it's not valued properly.

I think it should be valued at least 1/10th of bitcoin's price, meaning $250 as we speak.

Litecoin is not some 'trying to do everything type of neo-dot-com-vapor-promise-tech to revolutionize the way we can poop anonymously' etc but rather a functioning payment system and very solid and stable store of value.

Because litecoin has been activated segwit? Its confirmed faster and low fees?
What about if bitcoin activated segwit as well, what will happen? Hopefully those problems will be resolved.

Litecoin price still undervalue, simply because its demand isn't so much as bitcoin or ethereum demands.
Why? Because not many people attracted to litecoin as much they want to buy bitcoin or other (high price/promising) coins.

European Central Bank

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Do not try to explain the real things to these blind litecoin supporters please. They don't see anything real, they just wanna benefit from price increase, they're aware of it but they advocate the technical aspects of litecoin as well. Interesting.

of all alts litecoin is the one i'd choose if i had to walk away from bitcoin. nothing else really comes close. it's still no bitcoin eater though.

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Quote from: European Central Bank on June 17, 2017, 03:54:58 PM

Litecoin is the only coin without premine. Even bitcoin has some.

bitcoin has zero premine. it was open to anyone to mine from the first second it was launched. it's everyone else's fault that they didn't catch on sooner.

that's why bitcoin is unique. its birth can never, ever be repeated again.

litecoin is definitely one of the least disgusting coins out there. let's see what happens with segwit on bitcoin before declaring anything.

Do not try to explain the real things to these blind litecoin supporters please. They don't see anything real, they just wanna benefit from price increase, they're aware of it but they advocate the technical aspects of litecoin as well. Interesting.

European Central Bank

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Litecoin is the only coin without premine. Even bitcoin has some.

bitcoin has zero premine. it was open to anyone to mine from the first second it was launched. it's everyone else's fault that they didn't catch on sooner.

that's why bitcoin is unique. its birth can never, ever be repeated again.

litecoin is definitely one of the least disgusting coins out there. let's see what happens with segwit on bitcoin before declaring anything.

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Quote from: Fatoshi on June 17, 2017, 12:50:34 PM

We can create the best coin ever, without ICO, with no premine/instamine, totally transparent - do you think it would be popular?

You can't make long history, though.

BitcoinNewsMagazine

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Litecoin price is going up because of the uncertainty about August 1. Bitcoin holders are buying as a hedge. If that uncertainty is removed Litecoin will drop like a rock.

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Bitcoin FTW!

Quote from: shyliar on June 17, 2017, 10:20:20 AM

Quote from: shyliar on June 17, 2017, 10:20:20 AM

So we have bunch of litecoin holders in this thread angry that their favorite coin is forever number 2.
Let me tell you something: bitcoin can be upgraded to be much more effective; it is not all about the tech behind the coin.
We can create the best coin ever, without ICO, with no premine/instamine, totally transparent - do you think it would be popular?

Historically LTC has never claimed to be anything other than Silver to Bitcoins gold. Since the beginning the developers have done nothing but, reach out to BTC and other Alts. That hasn't changed. LTC price is going up and whenever that happens you'll see threads either ripping apart LTC or LTC threads ripping apart various coins. This is the internet anyone and their mother can post.

Look at the bigger picture and what significant people in the LTC community say. Unless someone is being outright dishonest the LTC community is an inclusive group that accepts other coins.

I know its the established wisdom that LTC is Silver to BTC Gold but personally I think thats fucking stupid. They are digital ledgers not fucking precious metals.

Litecoin is silver while Bitcoin is "golden" in most depictions. I think it makes sense in that regard, unless you color the coins differently. As for pricing, considering the bubble most coins are in, Litecoin might not be at the top yet.

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So we have bunch of litecoin holders in this thread angry that their favorite coin is forever number 2.
Let me tell you something: bitcoin can be upgraded to be much more effective; it is not all about the tech behind the coin.
We can create the best coin ever, without ICO, with no premine/instamine, totally transparent - do you think it would be popular?

Historically LTC has never claimed to be anything other than Silver to Bitcoins gold. Since the beginning the developers have done nothing but, reach out to BTC and other Alts. That hasn't changed. LTC price is going up and whenever that happens you'll see threads either ripping apart LTC or LTC threads ripping apart various coins. This is the internet anyone and their mother can post.

Look at the bigger picture and what significant people in the LTC community say. Unless someone is being outright dishonest the LTC community is an inclusive group that accepts other coins.

I know its the established wisdom that LTC is Silver to BTC Gold but personally I think thats fucking stupid. They are digital ledgers not fucking precious metals.

shyliar

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So we have bunch of litecoin holders in this thread angry that their favorite coin is forever number 2.
Let me tell you something: bitcoin can be upgraded to be much more effective; it is not all about the tech behind the coin.
We can create the best coin ever, without ICO, with no premine/instamine, totally transparent - do you think it would be popular?

Historically LTC has never claimed to be anything other than Silver to Bitcoins gold. Since the beginning the developers have done nothing but, reach out to BTC and other Alts. That hasn't changed. LTC price is going up and whenever that happens you'll see threads either ripping apart LTC or LTC threads ripping apart various coins. This is the internet anyone and their mother can post.

Look at the bigger picture and what significant people in the LTC community say. Unless someone is being outright dishonest the LTC community is an inclusive group that accepts other coins.

que91

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Quote from: dfd1 on June 17, 2017, 08:36:36 AM

So we have bunch of litecoin holders in this thread angry that their favorite coin is forever number 2.
Let me tell you something: bitcoin can be upgraded to be much more effective; it is not all about the tech behind the coin.
We can create the best coin ever, without ICO, with no premine/instamine, totally transparent - do you think it would be popular?

No, I don't it can. But I think the price of LTC is very low than altcoins in market 2017! I think like ridery99, it can not good but the price need more than 0.02-0.03 BTC, maybe 100-150$ because compared to other potential altcoin like ETC, XMR, FCT ..., this rate is not reasonable.

maku

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So we have bunch of litecoin holders in this thread angry that their favorite coin is forever number 2.
Let me tell you something: bitcoin can be upgraded to be much more effective; it is not all about the tech behind the coin.
We can create the best coin ever, without ICO, with no premine/instamine, totally transparent - do you think it would be popular?

Fatoshi

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https://www.youtube.com/watch?v=U2KP8koYC3s
Literally only coin with fair launch. No ICO, no premine, Coblee not mined 1000000 Ltc for himself on his laptop. Litecoin is just a bitcoin done right.

Must you make me shrill my favourite coin XtraBytes. No premine. No ico..

shyliar

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Quote from: talkbitcoin on June 17, 2017, 06:57:47 AM

does what better? the only thing that litecoin does Differently is having faster blocks which is leading to a much higher orphan rates

The orphaned block rate in LTC is actually low. And unless a person is a miner who happens to find one why would anyone care?

Here is a chart showing the average rate below 1 a day (an insignificant amount):

https://chainz.cryptoid.info/ltc/orphans.dws

You can compare it to bitcoins chart here:

https://chainz.cryptoid.info/btc/orphans.dws

I've never understood orphan rate concern (and I'm a miner who has found orphans). It's four times faster and as such one expects more orphans. The number of orphans is insignificant. Relative to the hugh advantage of 8 times the transactions per second of BTC, not to mention how convenient faster blocks are this is a non-issue.

dfd1

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https://www.youtube.com/watch?v=U2KP8koYC3s
Literally only coin with fair launch. No ICO, no premine, Coblee not mined 1000000 Ltc for himself on his laptop. Litecoin is just a bitcoin done right.

Fatoshi

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Litecoin is the only coin without premine. Even bitcoin has some.

via Imgflip Meme Generator

talkbitcoin

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All I know is that I know nothing.

Let's face it: Litecoin does everything properly which Bitcoin is supposed to do. With real developer, not some shadowy cartoon character, it is weird it's not valued properly.

does what better? the only thing that litecoin does Differently is having faster blocks which is leading to a much higher orphan rates and the fact that because it has a much much smaller network it could activate SegWit way easier than bitcoin can.
and this "real developer" has been copying code from bitcoin from day 1. although the developers team of LTC is solid but that doesn't change this fact