6 LTC confirmations are not as safe like 6 BTC confirmations.
For obv reasons.
For obv reasons.
But 1 confirmation is infinitely better than 0 confirmations, and therein lies one of the key benefits of fast confirmations.
Topic: Investors - LTC vs BTC - Mathematics (Read 2969 times)
But 1 confirmation is infinitely better than 0 confirmations, and therein lies one of the key benefits of fast confirmations.
LTC confirmation is faster but it is not like BTC confirmation is that low, it is usually confirmed in 2h; the payment arrives in the wallet in seconds
There is no way LTC confirmation time is in seconds. it usually take 20 minutes for 6 confirm.Faster confirmation is an advantage, but this advantage is not that great for average users. If you are buying stuff online, 1 hour of Bitcoin is not a problem because we will always need to wait few days for delivery. If you are buying offline at a local coffee shop with Litecoin, you still need to wait 15-20 min which is still inconvenient.
Generally, from user perspective, Litecoin is a little bit better. However it is not better enough to replace Bitcoin, BTC already have huge coverage. A crytocurrency need to have a revolutionary feature in order to take Bitcoin's crown.
I said that when you send btc it appears in the receiving wallet within seconds and it is safe to consider you got the money if it is from a trusted source (blockchain tells you if they think there is a double spending risk)
You can buy with an android wallet and send via bluetooth without having to wait for confirmation to take away the stuff you bought
Litecoin may be at a later adoption stage than Bitcoin depending on the length of its life cycle
6 LTC confirmations are not as safe like 6 BTC confirmations.
For obv reasons.
For obv reasons.
You can take this even further: the effort required to reverse (double-spend) a bitcoin transaction after T minutes with probability of success P is greater than that for a litcoin transaction for the same values of T and P.
This is obviously true for large T because of the bitcoin network's massive hash power. But I wouldn't be surprised if it holds for all T (but I can't prove it).
6 LTC confirmations are not as safe like 6 BTC confirmations.
For obv reasons.
For obv reasons.
LTC confirmation is faster but it is not like BTC confirmation is that low, it is usually confirmed in 2h; the payment arrives in the wallet in seconds
There is no way LTC confirmation time is in seconds. it usually take 20 minutes for 6 confirm.Faster confirmation is an advantage, but this advantage is not that great for average users. If you are buying stuff online, 1 hour of Bitcoin is not a problem because we will always need to wait few days for delivery. If you are buying offline at a local coffee shop with Litecoin, you still need to wait 15-20 min which is still inconvenient.
Generally, from user perspective, Litecoin is a little bit better. However it is not better enough to replace Bitcoin, BTC already have huge coverage. A crytocurrency need to have a revolutionary feature in order to take Bitcoin's crown.
yes whales dump coins that happened with Bitcoin too.
no they dumped BTC due to a false bad news from China, not by the event Huobi adding LTC. Bitcoin price was intact on 19th but Litecoin was crashing hard.
Some whales are following Bitcoin and will buy large amounts when it feels safer to invest in BTC
Huge amounts of fiat are waiting in exchanges and traders will wire everything they can to buy BTC if the price goes up aggressively and very good news arrive
LTC confirmation is faster but it is not like BTC confirmation is that low, it is usually confirmed in 2h; the payment arrives in the wallet in seconds
I didn't get what you're asking. Can you explain?
LTC is under 1/3 of it's ATH.
such fail
money retirement gone wow
so bad
such fail
money retirement gone wow
so bad
yes whales dump coins that happened with Bitcoin too.
no they dumped BTC due to a false bad news from China, not by the event Huobi adding LTC. Bitcoin price was intact on 19th but Litecoin was crashing hard.
Once Coinbase starts supporting Litecoin all that will change.
yes whales dump coins that happened with Bitcoin too.
Once Coinbase starts supporting Litecoin all that will change.
Once Coinbase starts supporting Litecoin all that will change.
Once Mt.Gox starts supporting Litecoin all that will change. Ohh, wait ...Btw, aren't you the guy that spamed whole last week "Once Huobi starts trading Litecoin all that will change."
Fucking Litecoin pump-and-dump clown. GTFO with your scamcoin.
go play with your Dogecoin , the big boys are having a conversation here.
Once Coinbase starts supporting Litecoin all that will change.
Once MtGox starts supporting Litecoin, all that will changeOnce BTC China starts supporting Litecoin, all that will change
Once Huobi starts supporting Litecoin, all that will change
Once Coinbase ...
Once Paypal ...
Isn't it the Litecoin community that has to start changing it's narrow-minded attitude?
lol the thing is Coinbase is not run by fat incompetent crooks and having the founder of Litecoin working at Coinbase it's almost a given Litecoin will be on Coinbase someday.
Once Coinbase starts dealing in Litecoin so will Overstock , the Ceo of overstock confirmed it to me by email.
.
Once Coinbase starts supporting Litecoin all that will change.
Once Mt.Gox starts supporting Litecoin all that will change. Ohh, wait ...Btw, aren't you the guy that spamed whole last week "Once Huobi starts trading Litecoin all that will change."
Fucking Litecoin pump-and-dump clown. GTFO with your scamcoin.
Once Coinbase starts supporting Litecoin all that will change.
Once MtGox starts supporting Litecoin, all that will changeOnce BTC China starts supporting Litecoin, all that will change
Once Huobi starts supporting Litecoin, all that will change
Once Coinbase ...
Once Paypal ...
Isn't it the Litecoin community that has to start changing it's narrow-minded attitude?
What is the mathematically rationale for increased ROI ( LTC vs BTC ) ?
Many people think much larger proportional ROI for LTC is a mathematical certainty?
Is there any truth to this?
Many thanks
Many people think much larger proportional ROI for LTC is a mathematical certainty?
Is there any truth to this?
Many thanks
alot of people think litecoin is 4x less rare then bitcoin thus they think it should be a quarter of the price meaning a large potential rise in price.
but litecoin does not have the same services or amount of merchant businesses attached to it. so it is also many thousands of times less useful.
so mathematically unless litecoin becomes more useful. the potential for a rise is low and the potential for a drop is higher.
alot of people will ignore the many negative parts and just keep shouting as loud as they can, the flawed positive point to use for their calculations.
take doge for instance, alot of people were claiming its value to be higher then litecoin, but after the reality set in that its all just hype. the price dropped
Once Coinbase starts supporting Litecoin all that will change.
Appreciate your interesting insights!
However, was think more along the lines of:
LTC price (2013/04-Current)
vs
BTC price (2013/04-Current)
Do we have fellow bitcoiners good with numbers here : )
Would appreciate quantitative %'s/reasonable exponential coefficient, etc.
I hear a large Chinese community believes, that when/if BTC 2x LTC is likely to 2.5x or something like that?
However, was think more along the lines of:
LTC price (2013/04-Current)
vs
BTC price (2013/04-Current)
Do we have fellow bitcoiners good with numbers here : )
Would appreciate quantitative %'s/reasonable exponential coefficient, etc.
I hear a large Chinese community believes, that when/if BTC 2x LTC is likely to 2.5x or something like that?
What is a "fiat coin scam"?
I think I might be in some agreement there. "Fiat scam" suggests a currency with similar properties to fiat.
What happens with XDG though.... is the group of people who mines during the first 130 days get the vast majority of the XDG.
As with Bitcoin... there are obvious benefits to being an early adopter, but XDG has an extremely accelerated reward schedule.
The XDG reward schedule starts at 1 Million DXG for a block every 60 seconds (10 Mil per 10 minutes), and halves after ~70 days (100,000 blocks), then ~140 days (block 200,000), then ~210 days, then ~280 days, then ~350 days: Then drops to a fixed reward rate of 10,000 XDG per block after ~420 days.
XDG will lock in 99% of the currency for the early miners, within the first year, essentially: and maybe still manage to be inflationary.
What is the mathematically rationale for increased ROI ( LTC vs BTC ) ?
Many people think much larger proportional ROI for LTC is a mathematical certainty?
Is there any truth to this?
Many thanks
Many people think much larger proportional ROI for LTC is a mathematical certainty?
Is there any truth to this?
Many thanks
alot of people think litecoin is 4x less rare then bitcoin thus they think it should be a quarter of the price meaning a large potential rise in price.
but litecoin does not have the same services or amount of merchant businesses attached to it. so it is also many thousands of times less useful.
so mathematically unless litecoin becomes more useful. the potential for a rise is low and the potential for a drop is higher.
alot of people will ignore the many negative parts and just keep shouting as loud as they can, the flawed positive point to use for their calculations.
take doge for instance, alot of people were claiming its value to be higher then litecoin, but after the reality set in that its all just hype. the price dropped
Jump to: