Topic: litecoin dead ? - page 29. (Read 49319 times)

yaaay back to $2.6 in no time 

Something that sparked my curiosity from reading the last 10 pages, if you're against alts and convinced they're 'dead' and useless, WHY are you in the alt subforum?

Exactly.  This retard put you on ignore just for pointing out FACTS.

A fool and his money are soon parted.  No bigger fool than a guy who can't stand to hear the other side of the coin.  Let the moron double down on Litecoin, maybe he'll find an ignore button for reality eventually.  Many fools do.

No, dead cat bounce.

No stock or fiat goes straight down.  There will be a small bounce and then, if Bitcoin keeps going up then Litecoin et al will continue dying.

Yeah it's due for a bounce soon. Hope it's not the 'dead cat' variety.

Looks like Litecoin might be on it's way back up!

so....is this a +1 post count/activity topic?

here it is mine: +1 .

http://www.youtube.com/watch?v=58AMyiAndv0

shit.... i just found the ignore feature

YAY!!!

are you just a serial asshole or something?

FUD = Fear, Uncertainty, Doubt

this thread is the very definition of FUD'ing

I think we now can agree LTC is not dead, OP has it's answer

+1

that's a good point.


I still think we need a FUD section of the forum

Amazing?  really?  on this site?

Have one word for you: Cantstandya   

I thought Coblee was a professional exchange trollbox pump/dumper now..  Is he still a Litecoin dev?

it's amazing how this degenerated into a pissing match

First of all its not a copycat, second nothing wrong with investing early and making money, dont hate on people who chose the right coin which has the potential to rise. you probably chose the wrong coin to invest.

We already have a roughly 100x comfort margin.  It isn't like current adoption is stressing what todays technology can handle (some complaints about the blockchain being too big aside).   Growth probably will exceed Moore's law in the short term but that isn't a problem.  If todays hardware can handle >10 tps on a home computer (residential connection) and more than 100 tps on a cheap hosted server then even short term explosive growth will just eat into the margin.  


I was thinking more on a multi-decade scale and on any timeline pretty much nothing exceeds Moore's law.  As a "makes you think" experiment lets say we are peaking 1 tps today and long term Bitcoin growth will be limited to "only" Moore's law.  That is a doubling of transaction volume every two years which works out to a 32x growth every decade.

2013 - ~1 tps
2023 - ~32 tps
2033 - ~1,000 tps
2043 - ~32,000 tps
3053 - ~1,000,000 tps

To put that into perspective.
PayPal ~= 100 tps (up to 200 tps peak)
VISA ~= 4,000 tps (up to 10,000 tps peak)
All electronic commerce (bank wires, ACH, credit cards, etc) ~= 20,000 tps
All human commerce ?? <300K tps (total guestimate probably significantly less than that)

TL/DR:
Law of large numbers and all that.  The bigger the network gets the slower growth will become.  Unless Bitcoin goes interstellar in the next decade we don't have much to worry about.

What I wrote is my own judgment. I came to this point of view gradually, while learning bitcoin (and it's clones) internals. In the beginning, in 2011, I was supporting litecoin. Now it's clear for me: litecoin isn't more than a copycat of bitcoin. It is made of greed and envy. Litecoin supporters want to enjoy the same benefits as bitcoin early adopters. But do they deserve it? Note: I'm not a bitcoin early adopter.