How is bitcoin better than litecoin? - page 7.

gripflierGO

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Quote from: coinableS on June 21, 2015, 12:34:24 AM

Bitcoin is supported by a larger group of people. The more people working on the project and running nodes makes it a strong decentralized system.
Also litecoin doesn't have any real-world adoption. It's been hard enough to get people to accept bitcoin, litecoin would have a lot of catching up to do.

Yeah, the users of bitcoin are far more as compared to litecoin, and there are many online merchants who have started to accept bitcoins as a mode of payment, but the same doesn't goes with litecoin.

And the other major thing is People have heard about the bitcoins but yet they hesitate in investing in bitcoins, and it would not be easy for people to trust litecoins when there is presence of bitcoins.

BrianM

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Quote from: Herbert2020 on July 11, 2015, 08:51:54 AM

Quote from: doublemore on July 11, 2015, 08:04:42 AM

Quote from: Hollingsworth on July 01, 2015, 07:44:28 PM

Bitcoin is the recognizable face of cryptocurrency.

Litecoin, not so much. Litecoin serves now as a low entry price point for investing in the crypto world.

And bitcoin is priced 50x the price of litecoin because of being the #1. It seems like quite a gap in pricing though it wouldn't take that much for litecoin to become equally used.

litecoin needs 500x more effort to be accepted as much as bitcoin is accepted and then it's price might increase to bitcoin levels.
besides as long as litecoin price is controlled by pump and dumps, like what has been happening in the last month, nobody is going to think of litecoin more than an altcoin which is being pumped.

Yes, I know this one is hard for someone to swallow. But it is the truth.
Litecoin is just another altcoin.

Herbert2020

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Quote from: doublemore on July 11, 2015, 08:04:42 AM

Quote from: Hollingsworth on July 01, 2015, 07:44:28 PM

Bitcoin is the recognizable face of cryptocurrency.

Litecoin, not so much. Litecoin serves now as a low entry price point for investing in the crypto world.

And bitcoin is priced 50x the price of litecoin because of being the #1. It seems like quite a gap in pricing though it wouldn't take that much for litecoin to become equally used.

litecoin needs 500x more effort to be accepted as much as bitcoin is accepted and then it's price might increase to bitcoin levels.
besides as long as litecoin price is controlled by pump and dumps, like what has been happening in the last month, nobody is going to think of litecoin more than an altcoin which is being pumped.

doublemore

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Quote from: Hollingsworth on July 01, 2015, 07:44:28 PM

Bitcoin is the recognizable face of cryptocurrency.

Litecoin, not so much. Litecoin serves now as a low entry price point for investing in the crypto world.

And bitcoin is priced 50x the price of litecoin because of being the #1. It seems like quite a gap in pricing though it wouldn't take that much for litecoin to become equally used.

LiteBit

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Quote from: monsanto on July 02, 2015, 01:16:29 PM

People are actually taking the time to stress test bitcoin, unlike litecoin. I think the first btc stress test was supposed to cost $5000. I'm curious how much it would cost to stress test litecoin in a similar way.

Litecoin was stress tested very early in it's life. A fix was developed that makes it very expensive to stress the ledger now. This fix was also passed on to the bitcoin core developers and they dismissed it.

https://www.reddit.com/r/Bitcoin/comments/3ci25k/the_current_spam_attack_on_bitcoin_is_not/
https://github.com/bitcoin/bitcoin/pull/1536

monsanto

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..like bright metal on a sullen ground.

People are actually taking the time to stress test bitcoin, unlike litecoin. I think the first btc stress test was supposed to cost $5000. I'm curious how much it would cost to stress test litecoin in a similar way.

GregH37

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Bitcoin is supported by a larger group of people.Bitcoin has more usage than Litecoin. Litecoin doesn't have any real-world adoption and bitcoin is more familiar than litecoin. Bitcoin is known by most of the people.

Hollingsworth

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Bitcoin is the recognizable face of cryptocurrency.

Litecoin, not so much. Litecoin serves now as a low entry price point for investing in the crypto world.

gentlemand

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Welt Am Draht

Quote from: LiteBit on June 30, 2015, 08:38:25 AM

Bitcoin's public history is littered with theft, scams, etc... Litecoin has a cleaner public image.
Granted early bitcoin was wild west of new tech and that pioneering always attracts criminal activity. But Litecoin was only around 1.75 yrs behind and major bitcoin adoption was still non-existent for a number of years both were actively spreading roots.

Have you not sniffed the air recently? Bitcoin's image is slowly turning the corner. The quantity of mainstream derision has slowed to a trickle.

Throughout all of the bashing and sniffiness there was hardly ever a mention along the lines of 'hey, but there's this other one which is, like, nice'. And the silence is just as deafening now it's slowly becoming acceptable to admit BTC is on to something.

LTC has its place. If it had been leading the way then the image problems would've instantly jumped across to there. They're protocols at heart, not companies or people. Whatever bad smells they give off are from the users. Once more users actually use them the early dirt drifts away.

SmartIphone

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I never use litecoin because it's less popular than bitcoin.

gkv9

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!!! RiSe aBovE ThE StoRm !!!

Bitcoin is parent of cryptoworld and others are alts, I hope you got your answer...

pooya87

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you can get the answer to your question easily by looking at the recent news about Greece's financial issues.

Greeks, in order to save up money and ... they turned to bitcoin not litecoin and 99% of them would most probably never even hear about litecoin in their life and happily invest bitcoin and use it. Cheesy

goosoodude

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Quote from: LiteBit on June 30, 2015, 08:38:25 AM

Quote from: hund on June 30, 2015, 08:12:08 AM

Litecoin has the better wealthdistribution which could possibly help it to get greater network effect than BTC which is heavily concentrated. Also LTC does make more transactions per second thus it could accomodate more txs in the same time like BTC does.

Also LTC isn't heavily associated with child porn and drug trade and all that like BTC is. It has the cleaner image, is faster, has a more slim blockchain and NO GAVIN or devided community and ongoing drama. And the halving is coming up.
Only idiots hold no LTC.

Bitcoin's public history is littered with theft, scams, etc... Litecoin has a cleaner public image.
Granted early bitcoin was wild west of new tech and that pioneering always attracts criminal activity. But Litecoin was only around 1.75 yrs behind and major bitcoin adoption was still non-existent for a number of years both were actively spreading roots.

But you will always have Litecoin being the little brother of bitcoin. "What is litecoin?" "It's similar to bitcoin." and conversations like that.

So you will never be able to detach litecoin from bitcoin and that means that the bad image will follow.

LiteBit

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Quote from: hund on June 30, 2015, 08:12:08 AM

Litecoin has the better wealthdistribution which could possibly help it to get greater network effect than BTC which is heavily concentrated. Also LTC does make more transactions per second thus it could accomodate more txs in the same time like BTC does.

Also LTC isn't heavily associated with child porn and drug trade and all that like BTC is. It has the cleaner image, is faster, has a more slim blockchain and NO GAVIN or devided community and ongoing drama. And the halving is coming up.
Only idiots hold no LTC.

Bitcoin's public history is littered with theft, scams, etc... Litecoin has a cleaner public image.
Granted early bitcoin was wild west of new tech and that pioneering always attracts criminal activity. But Litecoin was only around 1.75 yrs behind and major bitcoin adoption was still non-existent for a number of years both were actively spreading roots.

hund

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Litecoin has the better wealthdistribution which could possibly help it to get greater network effect than BTC which is heavily concentrated. Also LTC does make more transactions per second thus it could accomodate more txs in the same time like BTC does.

Also LTC isn't heavily associated with child porn and drug trade and all that like BTC is. It has the cleaner image, is faster, has a more slim blockchain and NO GAVIN or devided community and ongoing drama. And the halving is coming up.
Only idiots hold no LTC.

thebenjamincode

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37iGtdUJc2xXTDkw5TQZJQX1Wb98gSLYVP

Bitcoin has faced growing competition from newer cryptocurrencies, one of which is litecoin. They have lots of similarities since they are cryptocurrencies. But at the end of the day, the main difference lies in the mining algorithm for each cryptocurrency. Bitcoin makes use of the longstanding SHA-256 algorithm, whereas Litecoin makes use of a comparatively new algorithm known as Scrypt. This has significant implications on the computing power needed to mine the altcoins and the security associated per unit, making bitcoin the more superior alternative in this regard.

Hollingsworth

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Technically bitcoin isn't any better than litecoin.

Bitcoin had the advantage of being first to market, and really that's mostly what counts when it comes to adoption.

Searing

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Clueless!

Quote from: BillyBones on June 26, 2015, 02:53:45 AM

Quote from: quantumgravity on June 20, 2015, 10:59:41 PM

Well? Let's hear it.

With bitcoin, we have a secure, programmable form of money that can be used for global transactions, that cannot be forged, that is fully audit-able, that is actually software that can be built into anything and everything. It allows a secure system of exchanging value between people, and indeed machines, who have never met, that can be trusted, verified and never forged.

Litecoin to a lesser extent is the same...if you are making sidechains say for BTC I can see sidechains being made for LTC for the same reasons and also the additional
reason of speculation (LTC) and/or some folk just don't like BTC from all the FUD in the press etc

but I take your point..again the question is will LTC and/or some other ALTS survive ..even at the current minimal ratios to BTC in the future..
if so not a lot of risk holding some alts...if not ..well ..on the road to tulips...not so good...

just saying human nature I assume? that LTC at least will survive as some kinda very small scale alternative to BTC

but then again what do I know I believed in 2013 BFL and drank the kool aid (refunded 1yr 20 days later by luck) but still ..consider the source

my issue is I've been mining LTC and holding so when and how much do I convert it to BTC now/wait/what?

crypto never a dull moment

BillyBones

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Quote from: quantumgravity on June 20, 2015, 10:59:41 PM

Well? Let's hear it.

With bitcoin, we have a secure, programmable form of money that can be used for global transactions, that cannot be forged, that is fully audit-able, that is actually software that can be built into anything and everything. It allows a secure system of exchanging value between people, and indeed machines, who have never met, that can be trusted, verified and never forged.

Searing

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Clueless!

Quote from: krazey on June 25, 2015, 05:02:09 PM

Quote from: Cryptock on June 25, 2015, 02:47:24 PM

Bitcoin has a lager crowd. Litecoin is just for pure trading

This. True for most other alt coins too.

my only issue with LTC is will it keep its historical of between 0.006 LTC to 0.01 LTC to BTC format ..if so ..I can make some $$$ still mining it

and the usual when to hold and when to sell with the halving coming up

interesting times..but you'd think LTC would exist in some format as an alternative to BTC just cause humans LIKE alternatives

but I've no clue...just tossing it out there as a plea to the ASIC gods

Topic: How is bitcoin better than litecoin? - page 7. (Read 11740 times)