Topic: How is bitcoin better than litecoin? - page 3. (Read 11725 times)

of course, from all aspects of the bitcoin more better, so the larger market for bitcoin

the value per unit and propaganda of bit coin its higher ever one start from bitcoin to litecoin are just a few and the speed of businness and offers are even more into bitcoin so bitcoin its better i like lite but not that much

Yup, Bitcoin arrived first, which is why it's more successful. Bitcoin has the community, publicity, and mining power that no other cryptocurrency can boast. For an altcoin, Litecoin or other, to surpass Bitcoin, it needs to be something that revolutionalizes an already revolutionary industry.

I think network effect and first mover advantage is what sets Bitcoin and Litecoin apart. In order for Litecoin to beat Bitcoin it would have to be really superior technologically which we know it's not the case. Moreover, Litecoin is just a copy of Bitcoin that is little bit tweaked, nothing else.

Litecoin is a comic relief sidekick. It will never be a hero. Litecoin developers will never do any heavy lifting. Bitcoin is alpha dog.

There is more infrastructure in place for bitcoin.  Bitcoin has weathered a few storms:  mt gox, silk road, various heists and gambling issues... and yet, Bitcoin reigns on as the king of all crypto.  Bitcoin was first, it has street cred.  Bitcoin has received more scrutiny and despite all the doubts, major retailers are on board and bitcoin is flourishing.

Bitcoin is much better than litecoin. Because Bitcoin has big users base and world wide acceptance

 Bitcoin Core, which I keep updated.


 Never heard of either, probably because I don't pay Apple inflated pricing and have no interest in anything that runs Android.


 Given how long I've SEEN it take for confirmations sometimes, wherever that "math" came from appears to have at least one seriously flawed assumption involved.

Network power, bitcoin is secure by xxxxxxxxxxx hash power, litecoin is secure by xxx hash power

I choose bitcoin

well i think ... its just bitcoin was the first ever .. and has more popularity and has been talked about more often then any other kind of coin .. if same happened for litecoin m sure it will start rising too

[IMO]Well, Bitcoin is older than Litecoin. And Bitcoin has the higher price, and also more users. So it's mean that Bitcoin is more secure, maybe.[CMIIW]

I think you've been using old or uncommon clients or wallets apps then.

There's absolutely nothing theoretical about this. Both Mycelium and Breadwallet, the two most popular (and best, imho) wallets on Android and iOS, allow you to spend unconfirmed input immediately. I know some other clients do require a confirmation before letting you spend it, but that's purely an arbitrary limitation within that client, and has nothing to do with Bitcoin itself. Again, there's nothing theoretical about this, I do it all the time. It works fine. I receive coins, and send some of them to another address immediately, without waiting for any confirmations, and without requiring any fancy strange specialized apps or tweaking the settings or whatever.

Forcing you to even wait for multiple confirmations is totally ridiculous. Any app that does that should be ditched immediately. Why the heck would you want to use an app that imposes all sorts of unnecessary restrictions on you.

Again, I think you have been using old or uncommon wallets. If they force you to await multiple confirmations (for no apparent reason even), then yeah sure it might take longer. But that's completely unnecessary.

I did the maths for you, the probability of having to wait an hour for a confirmation is extremely small, having to wait two hours is astronomically small.

Semantics. You get my point. With credit cards and paypal, there is no such thing as a confirmation. There is a notification of receiving a payment, which is the equivalent of receiving a Bitcoin transaction (nothing confirmed yet). This is a matter of seconds. Then there is a certain period of uncertainty, where you will probably end up receiving the money, but it might also be cancelled or nullified or reversed (no matter what you call it, you end up without the money). You don't know until it's, well, 'set in stone' so to speak. With Bitcoin, this is 10 minutes on average. With paypal and credit card, this is 3-6 months on average.

In one way.

But the way that matters...

...

Critical mass.

Has someone made or could make a social networking site better than Factbook? Of course.... but it doesn't matter the slightest because Facebook has critical mass.. and as long as they don't f%¤# up they will be dominant.

Was VHS better than BETA video tapes? No... in fact most experts said that BETA was technically supirior... but VHS got the critical mass...

That's it... and that's all.

 Bitcoin is better at this time due to acceptance. This might be in part due to the larger user base, but I'm more inclined to say that the MUCH larger user base of Bitcoin is due to it's widespread acceptance compared to all other cryptocoins combined.

 Interesting in theory, but try DOING that with an actual Bitcoin client. I've yet to see one that will let you spend Bitcoin from unconfirmed transactions, and IME they generally require multiple confirmations before they allow you to then move that Bitcoin on down the line.
 It's a GOOD thing actually, as a security measure.



 Nope, it's experience. I do grant that it's less likely to take that long on Lightcoin.



 Which is different from a chargeback. On a chargeback, the transaction WAS confirmed, then later the CC issuer was told to reverse it due to some reason - non-delivery of goods or fraud being probably the most common issues leading to a chargeback.

 Alpha Technology has been "taking preorders" for a very long time - and still has yet to deliver anything. Not sure if they count actively as a scam at this point, but all the available evidence is pointing that way, though it's possible they were underfunded and just couldn't deliver.

 
 The real, abet fairly small, Scrypt arms race has been between Gridseed (now part of SFARDS), Innosilicon (Their A2 Terminator and various spinoff designs), KnC (the Titan DID eventually ship, with very high performance and junk reliability, and a subsequent withdrawl from ALL retail selling or any further interest in Scrypt), Alcheminer (which has since sold out with no indication they are going to bother with a new generation product), Zeus (dead), Silverfish (also appears to be dead), and I think I might be forgetting one.

 The ONLY folks that have done a "second generation" of Scrypt chips to date are SFARDS and the "announced" Innosilicon A4.


 Compare to the dozens of Bitcoin ASIC chips to date, and at least 5 current companies with a "new generation chip", often in the 3'd 4'th or even 5'th generation from that company, announced or delivered in 2015 alone (Sfards has released, BitMain has announced "soon", Innosilicon has announced tapeout, KnC has announced deployment, BitFury appears to be deploying but only sells to large farm groups now) - and some question as to how many OTHERS with track records are working quietly on "new generation" products with no announcement yet like Avalon.

bitcoin just got adopted earlier than litecoin but its the same
all altcoin is just like bitcoin..there are just not get adopted by all the bitcoin user

And this is because the source code of bitcoin was used in making litecoin and all other altcoins.
These all altcoins are pretty scams which everyone fall for.

maybe because bitcoin was older than litecoin.
and it was adopt first by user and it also the price is higher than litecoin..
if you will compare bitcoin and litecoin there are a lot of thing that good  about bitcoin than litecoin..
but i will not say litecoin is not that good it is more litecoin is just like following the footstep of bitcoin..