Bitcoin is in deep trouble. Litecoin to take its place soon.

coblee

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Creator of Litecoin. Cryptocurrency enthusiast.

Quote from: ArticMine on July 05, 2015, 12:02:23 AM

What is very irresponsible is hard coding into the protocol of 28tps after observing the debate in Bitcoin going back to 2010. The hard blocksize limit is precisely what has got Bitcoin into its current problems. This issue remains in Litecoin and if, as it is likely, Bitcoin deals with this issue the limitation will still remain in Litecoin. The Litecoin community has missed the golden opportunity by ignoring this issue.

Litecoin's blocksize will last us a few more years. If we do decide to change it, we likely won't run into the same political nightmare that Bitcoin is dealing with today. This is because members the Litecoin development team have very similar vision for the future of Litecoin.

The current direction that the Litecoin development team is thinking about is to create a fee marketplace. This, in our opinion, is a better approach to the blocksize debate than to recklessly increasing the max blocksize without full understanding of the consequences.

ArticMine

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Monero Core Team

Quote from: NattyLiteCoin on June 19, 2015, 04:21:46 PM

Quote from: ArticMine on June 19, 2015, 03:39:58 PM

Quote from: NattyLiteCoin on June 19, 2015, 02:53:25 PM

To say warren and Charlie are not competent developers is irresponsible. What fucking "innovations" are you guys talking about? Is a solid ledger backed by a TH of PoW not 'good' enough? Think about what some of you are saying, we're just in the infancy of adoption and your bashing an established mechanism for decentralized, P2P monetary exchanges?

Get over yourselves, and come up with something better. And you want to talk dollars and cents? Add up ltc/btc volume against any other coin. Even if the Chinese volume is some what faked, it's not even close. Give props where props are do. If you're in the crypto game, LTC is your daddy if your names not BTC.

Failure to deal with the fixed blocksize limit issue in Litecoin is irresponsible.

Assuming that XMR would ever need to support >28 TPS is clearly irresponsible. Don't bash excellent contributors to the crypto sphere who do it pretty much because they love it. Some of us should be so blessed.

What is very irresponsible is hard coding into the protocol of 28tps after observing the debate in Bitcoin going back to 2010. The hard blocksize limit is precisely what has got Bitcoin into its current problems. This issue remains in Litecoin and if, as it is likely, Bitcoin deals with this issue the limitation will still remain in Litecoin. The Litecoin community has missed the golden opportunity by ignoring this issue.

Oscilson

sr. member

Activity: 434

Merit: 250

Quote from: Zer0Sum on July 03, 2015, 09:46:38 PM

XMR trades only on Polo... and has no official wallet after > one year... YOU CANNOT MAKE THIS UP.

No one uses BCN or XMR. They are dodgy and WORTHLESS, but small cliques keep them pumped.

XMR trades on Bittrex as well.

NattyLiteCoin

hero member

Activity: 912

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If you don’t believe, why are you here?

Quote from: 1ofthemany on July 03, 2015, 08:19:19 PM

Holy crap it makes me feel warm inside to invest in an uninnovative shitcoin, since bitcoin is supposed to be in trouble. Oh, I almost forgot: LTC is silver to bitcoin's gold.

People who hoard LTC long term must be insanely fucking stupid, easily darwin awards material.

I do get it if traders want to make a quick buck though. Nothing about LTC says it's worth anything.

Couldn't agree more, sir. One day our like minds will be sipping cognac by the champagne waters of the South Pacific.

You're shit is broke, because you don't work.

Zer0Sum

legendary

Activity: 1588

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Quote from: HCLivess on July 02, 2015, 04:40:35 AM

it can handle many more transactions due to confirmation speeds
it is more decentralized
china loves it
it has enormous hash power
it always worked as a lever towards btc

there are many reasons for it to be way more worth than now

Actually, you missed the #1 (safety) and #2 (liquidity) value of LTC.

Being able to safely and quietly move 5-6 figure sums of money globally is very valuable...
Every money transmitter in the world takes both BTC and LTC...
Litecoin will be valuable as long as Bitcoin is valuable.

Compare, say, the #13 coin BCN or #15 XMR... to Litecoin.

BCN trades only about $10,000/day (versus millions for LTC)...
The BCN wallet keeps losing connection... and you regularly get "unconfirmed" tx that cannot be cleared...
And this is after 3 years of development even basic shit does not work.

XMR trades only on Polo... and has no official wallet after > one year... YOU CANNOT MAKE THIS UP.

No one uses BCN or XMR. They are dodgy and WORTHLESS, but small cliques keep them pumped.

1ofthemany

member

Activity: 62

Merit: 10

Holy crap it makes me feel warm inside to invest in an uninnovative shitcoin, since bitcoin is supposed to be in trouble. Oh, I almost forgot: LTC is silver to bitcoin's gold.

People who hoard LTC long term must be insanely fucking stupid, easily darwin awards material.

I do get it if traders want to make a quick buck though. Nothing about LTC says it's worth anything.

Oscilson

sr. member

Activity: 434

Merit: 250

Quote from: HCLivess on July 02, 2015, 04:40:35 AM

it can handle many more transactions due to confirmation speeds
it is more decentralized
china loves it
it has enormous hash power
it always worked as a lever towards btc

there are many reasons for it to be way more worth than now

No true. The block size of bitcoin will be increased. Bitcoin will also have side chains.

HCLivess

legendary

Activity: 2114

Merit: 1090

=== NODE IS OK! ==

it can handle many more transactions due to confirmation speeds
it is more decentralized
china loves it
it has enormous hash power
it always worked as a lever towards btc

there are many reasons for it to be way more worth than now

lordoliver

legendary

Activity: 1666

Merit: 1020

expect(brain).toHaveBeenUsed()

If bitcoin dies, every single cryptocoin will drop at least 99% because everyone will doubt the technology.
I believe a lot, but the last thing I believe is that ltc will just take btc's place. Its not gonna happen...
It may raise a lot but never surpass BTC... maybe another coin but not LTC.

Amadues

hero member

Activity: 924

Merit: 1001

at certain point your prevision is right….
ltc keep a good pump in the last month…
it's the first post that make a correct prevision. Lips sealed

Spoetnik

legendary

Activity: 1540

Merit: 1011

FUD Philanthropist™

looking at the commotion I see BTC and LTC on the rise on Bitcoinwisdom.com so uhh
maybe change your dumb topic-title LOL

I would bet both coins will be fine but hey that won't make you pumpers and bag holder and money now will it ?

guys all that goes on here year after year is the usual group of manipulative douches looking to latch onto some hype or what ever to make a buck on..
nothing changes.. watch your ass's guys Cool

Sumo

hero member

Activity: 1098

Merit: 500

Looks like LTC moving back up gentlemens. BUY OR CRY BABY!!

pooya87

legendary

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Quote from: Auxi on June 16, 2015, 06:26:16 PM

35% profit vs 5% profit...
LTC wins Roll Eyes

this proves that litecoin is simply another pump and dump coin that you can just trade for big profits and get out of on the top before it goes down.

hayabusa911

sr. member

Activity: 369

Merit: 250

Quote from: forlackofabettername on June 05, 2015, 07:45:42 PM

Bitcoin is a troubled and risky coin now. Gavin does not give up with his hardfork efforts despite veto from all sides.
Better dump for LTC as long as you can still get decent prices.

You have been warned.

Thank you for the warning! This IS a joke right? Tongue

G2M

sr. member

Activity: 280

Merit: 250

Activity: 616

Quote from: MicroGuy on June 19, 2015, 07:44:13 PM

Quote from: forlackofabettername on June 05, 2015, 07:45:42 PM

Bitcoin is a troubled and risky coin now. Gavin does not give up with his hardfork efforts despite veto from all sides.
Better dump for LTC as long as you can still get decent prices.

You have been warned.

Not only that, but now it looks like Bitcoin's 21 million cap could change:

http://altcoinpress.com/2015/06/bitcoins-lead-developer-will-use-military-style-checkpoints-to-enforce-20mb-blocks/

Quote

However, these latest developments seem to suggest that consensus is subjective and is ultimately determined by the men who write the Bitcoin code.

Is this really coming as surprise to anyone?

MicroGuy

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Activity: 2506

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Twitter @realmicroguy

Quote from: forlackofabettername on June 05, 2015, 07:45:42 PM

Bitcoin is a troubled and risky coin now. Gavin does not give up with his hardfork efforts despite veto from all sides.
Better dump for LTC as long as you can still get decent prices.

You have been warned.

Not only that, but now it looks like Bitcoin's 21 million cap could change:

http://altcoinpress.com/2015/06/bitcoins-lead-developer-will-use-military-style-checkpoints-to-enforce-20mb-blocks/

AceWallen

sr. member

Activity: 479

Merit: 500

the rally is over. run for your lives! Tongue

Habeler876

hero member

Activity: 624

Merit: 500

Quote from: JerryCurlzzz on June 19, 2015, 06:45:20 PM

Quote from: o0‡0o on June 19, 2015, 03:36:07 PM

LTC is the traders coin it just got a nice feel to it to buy or sell some coins, not a fraction of a coin as you would for bitcoin. The liquidity is there and it moves a lot more than bitcoin.

I don't know about "nice feel to it" -- but the important thing is that it has great liquidity vs. other alts, and the moves are much more volatile. This last rally was WAY bigger than BTC. But now it looks like the top is in.

Yeah, my guess is the top is already in. That pop earlier today looks like an A wave -- a leading diagonal. So I'm thinking we'll get another leg up to complete the retracement, and then down she goes. It's too bad, I thought this would run to $3.50-3.60. Maybe it still will, but I doubt it. Careful out there, longs!

JerryCurlzzz

hero member

Activity: 504

Merit: 500

Quote from: o0‡0o on June 19, 2015, 03:36:07 PM

LTC is the traders coin it just got a nice feel to it to buy or sell some coins, not a fraction of a coin as you would for bitcoin. The liquidity is there and it moves a lot more than bitcoin.

I don't know about "nice feel to it" -- but the important thing is that it has great liquidity vs. other alts, and the moves are much more volatile. This last rally was WAY bigger than BTC. But now it looks like the top is in.

NattyLiteCoin

hero member

Activity: 912

Merit: 1021

If you don’t believe, why are you here?

Quote from: ArticMine on June 19, 2015, 03:39:58 PM

Quote from: NattyLiteCoin on June 19, 2015, 02:53:25 PM

To say warren and Charlie are not competent developers is irresponsible. What fucking "innovations" are you guys talking about? Is a solid ledger backed by a TH of PoW not 'good' enough? Think about what some of you are saying, we're just in the infancy of adoption and your bashing an established mechanism for decentralized, P2P monetary exchanges?

Get over yourselves, and come up with something better. And you want to talk dollars and cents? Add up ltc/btc volume against any other coin. Even if the Chinese volume is some what faked, it's not even close. Give props where props are do. If you're in the crypto game, LTC is your daddy if your names not BTC.

Failure to deal with the fixed blocksize limit issue in Litecoin is irresponsible.

Assuming that XMR would ever need to support >28 TPS is clearly irresponsible. Don't bash excellent contributors to the crypto sphere who do it pretty much because they love it. Some of us should be so blessed.

Topic: Bitcoin is in deep trouble. Litecoin to take its place soon. (Read 9266 times)