what I find odd is you already publicly declared you no longer support litecoin yet you still want to talk about it as if it matters.
Smoothie!!!
Whats up?
Litecoin lives....
whats up 
Topic: Litecoin Is NOT Dead (It Is Just Dying A Slow Death) - page 18. (Read 28336 times)
Smoothie!!!
Whats up?
Litecoin lives....
whats up No one can predict the future. If you believe in the technology and the protocol then pick your side of the fence.
I'm not here to convince anyone to buy or sell litecoin.
But I will speak up when someone claims the LTC will die. And then doesn't define what "dying" really means.
I understand, but i'd just like to lose the spin (i.e. "dying") and seriously discuss the prospects of litecoin.I'm not here to convince anyone to buy or sell litecoin.
But I will speak up when someone claims the LTC will die. And then doesn't define what "dying" really means.
do you think the asics will secure or continue to devalue ltc?
we observed a decoupling of BTC and LTC prices a couple months ago when asics started hitting big. is this just more hashrate, or is this a continuing trend? LTC doesn't seem to be picking up or holding with BTC anymore.
and if a joke currency could strip half it's hashrate a few months back, wouldn't asic miners be as equally fickle as the gpu miners before and jump on the next big thing?
I think you will get your 100% concrete answer to your question in the next few months.
Let the free-market convince you via price, security, merchant acceptance...let us see.
Interesting read. Litecoin is actually the coin I first read about that got me interested in cryptos back in Jan (read some article somewhere on it). Before then, I had no idea that alt coins even existed and a very rudimentary knowledge of bitcoin. I thought I'd play around with this crypto stuff and maybe I could get a free litecoin out of it, just for fun.
I never bothered really going past that 1 ltc (and have since sold it) and now have a small chunk of btc instead. The problem I saw, and still see, is a lack of innovation and the fact that there really is no reason for the value of ltc to rise a whole lot anymore.
I think the OP touched on one really important fact, multi coin processors for purchases. They already exist, and I think they will become the standard if cryptos make any headway into being used as a currency by the general public at all. And that means there will be no difference between ltc, doge, nxt, or whatevercoin, when ConsumerX decides to use crypto to buy something.
The only coins then that could stand out a bit are those that have unique features (nxt flavors, ethereum, maidsafe, anon coins, etc). And I'm not saying any of them will even take the #2 spot, but that #2-#6 spot may end up being somewhat bunched up close to one another.
I never bothered really going past that 1 ltc (and have since sold it) and now have a small chunk of btc instead. The problem I saw, and still see, is a lack of innovation and the fact that there really is no reason for the value of ltc to rise a whole lot anymore.
I think the OP touched on one really important fact, multi coin processors for purchases. They already exist, and I think they will become the standard if cryptos make any headway into being used as a currency by the general public at all. And that means there will be no difference between ltc, doge, nxt, or whatevercoin, when ConsumerX decides to use crypto to buy something.
The only coins then that could stand out a bit are those that have unique features (nxt flavors, ethereum, maidsafe, anon coins, etc). And I'm not saying any of them will even take the #2 spot, but that #2-#6 spot may end up being somewhat bunched up close to one another.
I agree, Litecoin has a severe lack of innovation and that will be it's undoing. It's not really accepted at much stores and it doesnt have widespread adoptance. Only a matter of time when Litecoin gets taken over.
I like how the bolded statement is supposed to justify why litecoin will "die" or "fail" or whatever undefined word you want to use to describe what litecoin will be in the future.
(combine the three points below and it is the first with all of those combined)
Litecoin is one of the first altcoin to have a different mining algorithm so that it can't be merge mined and BTC asics would not destroy it.
Litecoin is one of first altcoin not to have a premine + have a known launch date ahead of time.
Litecoin is THE first altcoin to have survived all of the smear campaigns for years now about how "uninnovative" it is.
Even huge bitcoin supporters (Luke-jr etc) were bashing Litecoin in 2011 and 2012 and claimed "It will die and it is worthless". Looks like the free market says differently.
Litecoin with those things I listed above were enough "innovation" to make litecoin worth buying and supporting.
Innovation is not the only reason something will do well. Just look at car manufacturers. Ford came up with the idea yet Toyota, Honda, GMC, etc all are able to be successful with no real "innovation" they just added their own branding and changed a few things.
Claiming innovation is the ONLY way that a crypto coin can be successful is obviously bullshit as Litecoin has proven that statement/thought wrong.
THIS IS NO DIFFERENT
No one can predict the future. If you believe in the technology and the protocol then pick your side of the fence.
I'm not here to convince anyone to buy or sell litecoin.
But I will speak up when someone claims the LTC will die. And then doesn't define what "dying" really means.
I understand, but i'd just like to lose the spin (i.e. "dying") and seriously discuss the prospects of litecoin.I'm not here to convince anyone to buy or sell litecoin.
But I will speak up when someone claims the LTC will die. And then doesn't define what "dying" really means.
do you think the asics will secure or continue to devalue ltc? and if a joke currency could strip half it's hashrate a few months back, wouldn't asic miners be as equally fickle as the gpu miners before?
people just jumped on the dogecoin to ride the pump and convert back to LTC , go look at the hashrate now
No one can predict the future. If you believe in the technology and the protocol then pick your side of the fence.
I'm not here to convince anyone to buy or sell litecoin.
But I will speak up when someone claims the LTC will die. And then doesn't define what "dying" really means.
I understand, but i'd just like to lose the spin (i.e. "dying") and seriously discuss the prospects of litecoin.I'm not here to convince anyone to buy or sell litecoin.
But I will speak up when someone claims the LTC will die. And then doesn't define what "dying" really means.
do you think the asics will secure or continue to devalue ltc?
we observed a decoupling of BTC and LTC prices a couple months ago when asics started hitting big. is this just more hashrate, or is this a continuing trend? LTC doesn't seem to be picking up or holding with BTC anymore.
and if a joke currency could strip half it's hashrate a few months back, wouldn't asic miners be as equally fickle as the gpu miners before and jump on the next big thing?
Bitcoin is nowhere mass adoption by the general public, litecoin is positioned well should that happen.
why do litecoin supporters claim this? I think more people know what dogecoin is than litecoin. People also know that dogecoin was created as a joke. Who is supposed to take it seriously after that being a fact? lol
litecoin is positioned poorly outside of the incestuous cryptocurrency community. the number one use of litecoin is to proxy mine bitcoin by trading rapidly-depreciating ltc for btc with scrypt asics, and past this narrow function, i don't see litecoin being used anywhere else. litecoin is not positioned well at all in terms of general adoption by the unwashed masses.
I think this lack of public awareness is part of the reason for the current state of litecoin. I still own litecoin, but i'm starting to understand more reasons not to own litecoin.
No one can predict the future. If you believe in the technology and the protocol then pick your side of the fence.
I'm not here to convince anyone to buy or sell litecoin.
But I will speak up when someone claims the LTC will die. And then doesn't define what "dying" really means.
So why is it the few nxt fanbois constantly trolling the forum are the ones so concerned about litecoin's future
First of all, I am not a Nxt fan boi. I haven't decided which crypto will be the next one I support apart from Bitcoin, but I am leaning towards Counterparty, Mastercoin, Bitshares AGS, Swarm, Ethereum, or Maidsafe. Possibly Nxt too, although they have some trolls (which coin doesn't), they are doing some interesting and innovative things... the initial distribution is kind of a put off to me though. However, to be fair to them... everyone had a chance to invest and didn't.. that is not their fault.
Secondly, I think the Litecoiners are getting scared. They are getting more organized and are doing more projects recently than ever before. I think most of them can see the writing on the wall and are trying to "right the ship" so to speak. Not only have the Litecoin "haters" been more vocal as of late (which is totally understandable due to the points I've outlined ITT), but the Litecoin supporters are also being more vocal because their throne is being challenged. They are even sending people over here from their forums to try and prove me wrong: https://litecointalk.org/index.php?topic=20631.0
You think.
So you are just speculating.
Got it.
I'm a litecoin supporter and no I am not scared nor have I gotten the notion that the community for LTC is scared as well.
Anyone can go back into CH's post history on this forum and the Litecointalk.org forum and see how much Coinhoarder is butthurt. For what real reason I can't say for sure but what I do know is he tried to get the LTC devs to make certain changes to the LTC protocol and it fell upon deaf ears so he took his ball and went home crying.
Now he is here still talking about LTC even though he claims it will die. And instead of just seeing if his prediction is true and let it be he is still talking about LTC which is keeping it alive.
As long as people are talking about LTC or trading it or mining it...it isn't dead in my view.
Bitcoin is nowhere mass adoption by the general public, litecoin is positioned well should that happen.
why do litecoin supporters claim this? I think more people know what dogecoin is than litecoin. People also know that dogecoin was created as a joke. Who is supposed to take it seriously after that being a fact? lol
litecoin is positioned poorly outside of the incestuous cryptocurrency community. the number one use of litecoin is to proxy mine bitcoin by trading rapidly-depreciating ltc for btc with scrypt asics, and past this narrow function, i don't see litecoin being used anywhere else. litecoin is not positioned well at all in terms of general adoption by the unwashed masses.
I think this lack of public awareness is part of the reason for the current state of litecoin. I still own litecoin, but i'm starting to understand more reasons not to own litecoin.
Dakota and Devphp are obvious paid NXT sockpupet who think shitty ipo nxt will overtake nxt won't happen no matter how hard they try.
NXT is the future of crypto. 1000000x better than Litecoin could ever dream of being.
Comparing NXT to Litecoin is like comparing Superman to a squirrel.
The free market seems to think differently currently based on traded volume and price and overall community support.
It's a good read. I agree, Litecoin is dying a slow death. It has very little going for it compared to the more modern innovative coins like BlackCoin and VeriCoin.
Very true, I made a thread detailing why Litecoin is already dead, it only has 20 btc worth of volume on Mintpal..
And a daily 1000BTC average per day volume on BTC-e. My estimated average there is likely lower than the actual average over the past year.
Bitcoin is nowhere mass adoption by the general public, litecoin is positioned well should that happen.
why do litecoin supporters claim this? I think more people know what dogecoin is than litecoin. People also know that dogecoin was created as a joke. Who is supposed to take it seriously after that being a fact? lol
thanks for this well reasoned post.
do you feel the added security of the litecoin blockchain with new asics on the way will prolong the life of litecoin, or accelerate its demise?
do you feel the added security of the litecoin blockchain with new asics on the way will prolong the life of litecoin, or accelerate its demise?
It's hard to say. I feel like in the long run it will be a bad thing, but the effects of the centralization of Bitcoin/Litecoin mining won't be felt for some time. As corporations, old money, and old money FIAT take over mining, the affects will start to show. At that point they are no longer decentralized currencies, it is moving that way already.
I think Litecoin will remain number 2 through at least the end of the year and possibly next year too. However, things are moving so quickly that it is completely possible that its demise could happen sooner rather than later. I think Bitcoin will be much harder to topple than Litecoin.
what I find odd is you already publicly declared you no longer support litecoin yet you still want to talk about it as if it matters.
Giant wall of text.
What would be the defining point of Litecoin being dead?
You can't slowly die yet never die.
So why is it the few nxt fanbois constantly trolling the forum are the ones so concerned about litecoin's future
First of all, I am not a Nxt fan boi. I haven't decided which crypto will be the next one I support apart from Bitcoin, but I am leaning towards Counterparty, Mastercoin, Bitshares AGS, Swarm, Ethereum, or Maidsafe. Possibly Nxt too, although they have some trolls (which coin doesn't), they are doing some interesting and innovative things... the initial distribution is kind of a put off to me though. However, to be fair to them... everyone had a chance to invest and didn't.. that is not their fault.
Secondly, I think the Litecoiners are getting scared. They are getting more organized and are doing more projects recently than ever before. I think most of them can see the writing on the wall and are trying to "right the ship" so to speak. Not only have the Litecoin "haters" been more vocal as of late (which is totally understandable due to the points I've outlined ITT), but the Litecoin supporters are also being more vocal because their throne is being challenged. They are even sending people over here from their forums to try and prove me wrong: https://litecointalk.org/index.php?topic=20631.0
I wasn't refering to you, even you have to admit, whether you agree with certain points they are making or not, there is a few diehard nxt supporters pumping out thread after thread if ltc is dead type posts, simply to push nxt.
I believe, even though I disagree with much of it, your opinion is your honest opinion.
Fair enough, it is certainly my honest opinion. I think I am done here unless someone brings up something else to talk about, as I feel like we are beating a dead horse. Perhaps I was already beating a dead horse when I made this thread, but I received some flak for leaving the Litecoin community and I wanted to explain myself thoroughly.
So why is it the few nxt fanbois constantly trolling the forum are the ones so concerned about litecoin's future
First of all, I am not a Nxt fan boi. I haven't decided which crypto will be the next one I support apart from Bitcoin, but I am leaning towards Counterparty, Mastercoin, Bitshares AGS, Swarm, Ethereum, or Maidsafe. Possibly Nxt too, although they have some trolls (which coin doesn't), they are doing some interesting and innovative things... the initial distribution is kind of a put off to me though. However, to be fair to them... everyone had a chance to invest and didn't.. that is not their fault.
Secondly, I think the Litecoiners are getting scared. They are getting more organized and are doing more projects recently than ever before. I think most of them can see the writing on the wall and are trying to "right the ship" so to speak. Not only have the Litecoin "haters" been more vocal as of late (which is totally understandable due to the points I've outlined ITT), but the Litecoin supporters are also being more vocal because their throne is being challenged. They are even sending people over here from their forums to try and prove me wrong: https://litecointalk.org/index.php?topic=20631.0
I wasn't refering to you, even you have to admit, whether you agree with certain points they are making or not, there is a few diehard nxt supporters pumping out thread after thread if ltc is dead type posts, simply to push nxt.
I believe, even though I disagree with much of it, your opinion is your honest opinion.
So why is it the few nxt fanbois constantly trolling the forum are the ones so concerned about litecoin's future
First of all, I am not a Nxt fan boi. I haven't decided which crypto will be the next one I support apart from Bitcoin, but I am leaning towards Counterparty, Mastercoin, Bitshares AGS, Swarm, Ethereum, or Maidsafe. Possibly Nxt too, although they have some trolls (which coin doesn't), they are doing some interesting and innovative things... the initial distribution is kind of a put off to me though. However, to be fair to them... everyone had a chance to invest and didn't.. that is not their fault.
Secondly, I think the Litecoiners are getting scared. They are getting more organized and are doing more projects recently than ever before. I think most of them can see the writing on the wall and are trying to "right the ship" so to speak. Not only have the Litecoin "haters" been more vocal as of late (which is totally understandable due to the points I've outlined ITT), but the Litecoin supporters are also being more vocal because their throne is being challenged. They are even sending people over here from their forums to try and prove me wrong: https://litecointalk.org/index.php?topic=20631.0
Thats not true, this is not a troll thread (your OP), its well thought out actually and worthy of discussion. The Trolls that TheMage refers to are people like Darkota who setup self moderated threads and delete all positive comments about Litecoin.
This was posted in that thread about your post:
Offline Wilhelm
Jr. Member
**
Posts: 193
View Profile Personal Message (Offline)
Re: Fighting the trolls
« Reply #26 on: June 23, 2014, 07:18:57 PM »
Quote
https://bitcointalksearch.org/topic/m.7463029
This is a good critical posting, IMHO. I and several others share his thoughts.
See here, Darkota has deleted most of these threads from Bitcoin Talk - little did the troll know that they were kept online elsewhere:
https://bitcointa.lk/threads/litecoin-is-officially-dead.331214/page-5
So why is it the few nxt fanbois constantly trolling the forum are the ones so concerned about litecoin's future
First of all, I am not a Nxt fan boi. I haven't decided which crypto will be the next one I support apart from Bitcoin, but I am leaning towards Counterparty, Mastercoin, Bitshares AGS, Swarm, Ethereum, or Maidsafe. Possibly Nxt too, although they have some trolls (which coin doesn't), they are doing some interesting and innovative things... the initial distribution is kind of a put off to me though. However, to be fair to them... everyone had a chance to invest and didn't.. that is not their fault.
Secondly, I think the Litecoiners are getting scared. They are getting more organized and are doing more projects recently than ever before. I think most of them can see the writing on the wall and are trying to "right the ship" so to speak. Not only have the Litecoin "haters" been more vocal as of late (which is totally understandable due to the points I've outlined ITT), but the Litecoin supporters are also being more vocal because their throne is being challenged. They are even sending people over here from their forums to try and prove me wrong: https://litecointalk.org/index.php?topic=20631.0
So why is it the few nxt fanbois constantly trolling the forum are the ones so concerned about litecoin's future
LMAO, I'll be laughing at you all when Litecoins are worth $1000 each!
Snip.
So, remove the Litecoin logo from your avatar and call it quits, man...because it sounds to me like you're now just trying to convince yourself that Litecoin is destined to fail and are coming up with baseless arguments to support that hypothesis. Unfortunately, the conditions that exist right now, with money flowing into Litecoin infrastructure in the multi-millions (and soon hundreds of millions), are likely to lead to a lot of growth next year. I can assure you that Litecoin will not be slowed by your decision to bail out on it.
You are basically saying that what's good for the goose is NOT good for the gander and what has happened in Bitcoin, with smart investment money following infrastructure money, is not going to happen in Litecoin...for reasons you can't really articulate. But the fact remains that when significant money is put into Litecoin's backbone and the network is perceived as very secure, that is going to attract a lot of attention from many corners.
Litecoin has a far, far greater chance of success than any other digital currency in existence that isn't called Bitcoin, right now. As for saying that somehow the price relative to Bitcoin is an indicator of market enthusiasm for Litecoin...take another gander at Coinmarketcap and get back to me.
I vote with you. LTC can be mined in house by a guy like me I can get a king A2 and mine or I can get a lot of knights Gridseed blade and mine.
I can buy 16 gridseed blades with a cc for under 500 each or 83mh for under 8k uses about 1350 watts if you hook them to a plat. psu.
pay it with paypal get 45 day warranty and get fiat back fast to pay off the blades
Jump to: