How will the creation of BCC affect the function and price of LTC?

Bowtiesarecool

sr. member

Activity: 1050

Merit: 295

Quote from: talkbitcoin on August 03, 2017, 06:07:05 AM

BCC has none of those things actually!
BCC has the same blocks as bitcoin (~every 10 minute)
LTC has 1/4 time (~every 2.5 minute)

BCC has huge blocks that if becomes full or spammed will eventually lead to centralization of nodes. and we know the spammers are around us.
LTC has not been spam attacked severely because there was no incentive.

LTC has the SegWit and will soon have lightning network and that would be adding it to a big group of cryptocurrencies with LN an all will be connected and with a lot of benefits.
BCC doesn't have this.

LTC fees are low.
BCC fees have no reason to stay low specially since mining bitcoin is hard and in order for minder to make profit they either have to increase the fees or increase the price and only one of these is possible.

In a nutshell LTC>BCC... nice to know there's really a future for LTC with all these forks

kotbi

full member

Activity: 210

Merit: 100

Quote from: talkbitcoin on August 03, 2017, 06:07:05 AM

BCC has none of those things actually!
BCC has the same blocks as bitcoin (~every 10 minute)
LTC has 1/4 time (~every 2.5 minute)

BCC has huge blocks that if becomes full or spammed will eventually lead to centralization of nodes. and we know the spammers are around us.
LTC has not been spam attacked severely because there was no incentive.

LTC has the SegWit and will soon have lightning network and that would be adding it to a big group of cryptocurrencies with LN an all will be connected and with a lot of benefits.
BCC doesn't have this.

LTC fees are low.
BCC fees have no reason to stay low specially since mining bitcoin is hard and in order for minder to make profit they either have to increase the fees or increase the price and only one of these is possible.

Nice points! It gives me new perspectives on this topic.

Is there any reasons that BCC may get spammed and LTC will not? What's the incentives?

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

BCC has none of those things actually!
BCC has the same blocks as bitcoin (~every 10 minute)
LTC has 1/4 time (~every 2.5 minute)

BCC has huge blocks that if becomes full or spammed will eventually lead to centralization of nodes. and we know the spammers are around us.
LTC has not been spam attacked severely because there was no incentive.

LTC has the SegWit and will soon have lightning network and that would be adding it to a big group of cryptocurrencies with LN an all will be connected and with a lot of benefits.
BCC doesn't have this.

LTC fees are low.
BCC fees have no reason to stay low specially since mining bitcoin is hard and in order for minder to make profit they either have to increase the fees or increase the price and only one of these is possible.

kotbi

full member

Activity: 210

Merit: 100

As we know, LTC has some advantages over BTC such as quicker transaction time and less fees. But it seems now the BCC has some of those functions. Does it mean the LTC will no longer as attractive as before and the price will drop? What's your opinion?

Topic: How will the creation of BCC affect the function and price of LTC? (Read 272 times)