Litecoin is officially dead - page 62.

RealBitcoin

hero member

Activity: 854

Merit: 1009

JAYCE DESIGNS - http://bit.ly/1tmgIwK

Quote from: European Central Bank on January 12, 2017, 09:06:38 AM

Quote from: RealBitcoin on January 12, 2017, 09:04:31 AM

Well so do other coins. The point is that LTC cant really offer anything that the other altcoins cant.

what ltc has is honesty and that's something that's sorely undervalued in the crypto space. we know who created it. there was no crazy premine. that counts for a lot to me at least.

"that's something that's sorely undervalued in the crypto space."

In my opinion it's not undervalued at all, it's overvalued.

"we know who created it"

That is not an asset, it's a liability. Nobody cares who invented it, the point is that it's just here. However if the inventor is known, then he assumes a position of authority, and if he gets coerced by malevolent people, then it can compromize the whole project.

"there was no crazy premine."

I have still missed it though. I wish I was there but I have missed it. So from my POV all coins were premined, before me. This premine term is just a lame excuse to try to justify wealth redistribution.

Of course those that mine first, get the most reward.

https://www.youtube.com/watch?v=ag14Ao_xO4c

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: RealBitcoin on January 12, 2017, 09:04:31 AM

Well so do other coins. The point is that LTC cant really offer anything that the other altcoins cant.

what ltc has is honesty and that's something that's sorely undervalued in the crypto space. we know who created it. there was no crazy premine. that counts for a lot to me at least.

RealBitcoin

hero member

Activity: 854

Merit: 1009

JAYCE DESIGNS - http://bit.ly/1tmgIwK

Quote from: European Central Bank on January 10, 2017, 06:30:36 PM

Quote from: RealBitcoin on January 10, 2017, 06:24:59 PM

Yes but if there is no demand, there is no point in it. Merchants like to minimize overhead costs, by running 2 servers. So if 99% of the payments come in BTC then they rather have only BTC, and force the other 1% to pay in BTC.

the bitcoin fee situation means there'll come a point where people simply give up spending it and it's approaching fairly soon. that's where demand for ltc will come from. i don't think there'll be much demand as there isn't much commerce but it's there.

Well that is certainly a problem, however the blockchain is a commodity, and that space there is valuable.

I wish there were a solution to have huge transaction capacity, but I fear that people would only abuse it. So its good as it is for now. Lets activate Segwit first, then we see.

Quote from: kelsey on January 10, 2017, 06:33:27 PM

with 99.9% (+ 0.1% error) of those other alts being created to make the devs fiat., defeating the whole purpose of p2p currency.

Yes it's like an unregulated stock market, each altcoin representing a sort of stock of a project.

I think its worth it though. You need many crap coins to find a gem.

For example things like Namecoin are very cool. But you have to have 400 shitcoins before some genius invents NMC.

It's just the power law distribution of inventions. I have no problem with that.

Quote from: shyliar on January 11, 2017, 07:21:02 AM

Quote from: RealBitcoin on January 10, 2017, 06:24:59 PM

So does the other 9999999999x altcoins.

With zero liquidity at the other end. If you want to move funds quickly from one exchange to another LTC is very useful.

Well so do other coins. The point is that LTC cant really offer anything that the other altcoins cant.

And since BTC is the main reserve currency, there is no point in having BTC copycats that dont have additional features.

freshman777

sr. member

Activity: 406

Merit: 250

I'd wait to sell all of LTC just yet, it has some oomph in it.

foodielove

newbie

Activity: 2

Merit: 0

I think the spike in LTC value that we saw won't be the last one.
litecoin is still tied to BTC, and still called bitcoin's brother or whatever.
As long as btc still has potential, LTC will be there too. of course , the golden days where LTC was on the 2nd place have long passed, but that doesn't mean that there is no hope for the future left!

shyliar

hero member

Activity: 728

Merit: 500

Quote from: RealBitcoin on January 10, 2017, 06:24:59 PM

So does the other 9999999999x altcoins.

With zero liquidity at the other end. If you want to move funds quickly from one exchange to another LTC is very useful.

azguard

legendary

Activity: 1484

Merit: 1001

Crypto-News.net: News from Crypto World

Quote from: Equalizer1970 on January 10, 2017, 03:26:54 PM

Quote from: AmDD on January 10, 2017, 10:28:07 AM

Quote from: K210 on January 10, 2017, 01:24:30 AM

Litecoin is one of those few coins that stays away from hype and just keeps chugging along. No hacks, No drama just slow and steady development - i like that.

Agreed. Dont count Litecoin out yet.

Although, I like that LTC is finally making a real move with segwit, I think the technical damage to the price is so severe that any sort of rally won't be that meaningful. Letting it fall below .004 was crazy. Even a 4 bagger from here would only be .016 - nothing near it's all time high of .05. Some major fools at the helm right now.

Maybe this will be good move seen that price comes up and down few lit say high jump were there now in again below 0.005. Hope to see some bigger movement in next few days so think that after 20 january will be set some margins in price.

kelsey

legendary

Activity: 1876

Merit: 1000

Quote from: RealBitcoin on January 10, 2017, 06:24:59 PM

Quote from: vlom on January 10, 2017, 03:56:08 PM

Quote from: RealBitcoin on January 10, 2017, 03:52:30 PM

Quote from: European Central Bank on January 09, 2017, 06:39:48 PM

hmm, maybe the segwit thing is gonna motivate the r/btc psychos to run to ltc instead plus others who are bored with bitcoin's stalemate. fuck knows why they had such a boner for that eth junk anyway. ltc's been sat waiting for them the whole time.

if i had to abandon bitcoin and move to another coin i can't really think of anything other than ltc. it's strong, secure and honest even if its trading has been staggeringly static for what seems like eternity.

LTC has no merchants.

What is the point in running ti LTC when no casino, no bitcoin service, no mechant is accepting it.

Every single crypto website is bitcoin based, and to some degree ETH.

Good luck reviving LTC, it's already dead, it's just that people dont want to be released from the life support.

come on. LTC is nice to moves funds around. faster than BTC and cheaper.

So does the other 9999999999x altcoins.

with 99.9% (+ 0.1% error) of those other alts being created to make the devs fiat., defeating the whole purpose of p2p currency.

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: RealBitcoin on January 10, 2017, 06:24:59 PM

Yes but if there is no demand, there is no point in it. Merchants like to minimize overhead costs, by running 2 servers. So if 99% of the payments come in BTC then they rather have only BTC, and force the other 1% to pay in BTC.

the bitcoin fee situation means there'll come a point where people simply give up spending it and it's approaching fairly soon. that's where demand for ltc will come from. i don't think there'll be much demand as there isn't much commerce but it's there.

RealBitcoin

hero member

Activity: 854

Merit: 1009

JAYCE DESIGNS - http://bit.ly/1tmgIwK

Quote from: European Central Bank on January 10, 2017, 05:09:41 PM

Quote from: RealBitcoin on January 10, 2017, 03:52:30 PM

LTC has no merchants.

What is the point in running ti LTC when no casino, no bitcoin service, no mechant is accepting it.

Every single crypto website is bitcoin based, and to some degree ETH.

Good luck reviving LTC, it's already dead, it's just that people dont want to be released from the life support.

there are a few out there, but really not many. however it doesn't take much to integrate it.

let's say bitcoin fees reach $1 which is a whole lot closer than it seemed a few short months back. that's gonna largely kill off what little commerce is taking place. i certainly would never spend btc at that type of cost level for anything other than big ticket items. i've already pretty much given up. if a merchant was taking ltc i'd be tempted to make the switch if the fees were back to pennies.

Yes but if there is no demand, there is no point in it. Merchants like to minimize overhead costs, by running 2 servers. So if 99% of the payments come in BTC then they rather have only BTC, and force the other 1% to pay in BTC.

Quote from: vlom on January 10, 2017, 03:56:08 PM

Quote from: RealBitcoin on January 10, 2017, 03:52:30 PM

Quote from: European Central Bank on January 09, 2017, 06:39:48 PM

hmm, maybe the segwit thing is gonna motivate the r/btc psychos to run to ltc instead plus others who are bored with bitcoin's stalemate. fuck knows why they had such a boner for that eth junk anyway. ltc's been sat waiting for them the whole time.

if i had to abandon bitcoin and move to another coin i can't really think of anything other than ltc. it's strong, secure and honest even if its trading has been staggeringly static for what seems like eternity.

LTC has no merchants.

What is the point in running ti LTC when no casino, no bitcoin service, no mechant is accepting it.

Every single crypto website is bitcoin based, and to some degree ETH.

Good luck reviving LTC, it's already dead, it's just that people dont want to be released from the life support.

come on. LTC is nice to moves funds around. faster than BTC and cheaper.

So does the other 9999999999x altcoins.

Carmen_Sandiego

sr. member

Activity: 399

Merit: 250

Litecoin is far from dead. The cryptocurrency only needs some traction to rise in price, and considering the recent spike in the market, it seems that something is already happening behind the scenes... there are probably high expectations regarding SegWit implementation. If they implement this before Bitcoin, it will be a big step for the currency.

Shiroslullaby

sr. member

Activity: 434

Merit: 250

I hate to buy into a coin that has gone up so much recently, but I'm putting a few dollars into Litecoin.
All it will take is a few websites accepting LTC payments, or some app integration and the price could easily double.
There have been more than a few rumors lately, and only one needs to be true to drive the price back up near the ATH.

From Above

hero member

Activity: 700

Merit: 520

Quote from: vlom on January 10, 2017, 03:56:08 PM

Quote from: RealBitcoin on January 10, 2017, 03:52:30 PM

Quote from: European Central Bank on January 09, 2017, 06:39:48 PM

hmm, maybe the segwit thing is gonna motivate the r/btc psychos to run to ltc instead plus others who are bored with bitcoin's stalemate. fuck knows why they had such a boner for that eth junk anyway. ltc's been sat waiting for them the whole time.

if i had to abandon bitcoin and move to another coin i can't really think of anything other than ltc. it's strong, secure and honest even if its trading has been staggeringly static for what seems like eternity.

LTC has no merchants.

What is the point in running ti LTC when no casino, no bitcoin service, no mechant is accepting it.

Every single crypto website is bitcoin based, and to some degree ETH.

Good luck reviving LTC, it's already dead, it's just that people dont want to be released from the life support.

come on. LTC is nice to moves funds around. faster than BTC and cheaper.

You're gonna need a lot more than that.

~CfA~

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: RealBitcoin on January 10, 2017, 03:52:30 PM

LTC has no merchants.

What is the point in running ti LTC when no casino, no bitcoin service, no mechant is accepting it.

Every single crypto website is bitcoin based, and to some degree ETH.

Good luck reviving LTC, it's already dead, it's just that people dont want to be released from the life support.

there are a few out there, but really not many. however it doesn't take much to integrate it.

let's say bitcoin fees reach $1 which is a whole lot closer than it seemed a few short months back. that's gonna largely kill off what little commerce is taking place. i certainly would never spend btc at that type of cost level for anything other than big ticket items. i've already pretty much given up. if a merchant was taking ltc i'd be tempted to make the switch if the fees were back to pennies.

vlom

legendary

Activity: 1498

Merit: 1117

Quote from: RealBitcoin on January 10, 2017, 03:52:30 PM

Quote from: European Central Bank on January 09, 2017, 06:39:48 PM

hmm, maybe the segwit thing is gonna motivate the r/btc psychos to run to ltc instead plus others who are bored with bitcoin's stalemate. fuck knows why they had such a boner for that eth junk anyway. ltc's been sat waiting for them the whole time.

if i had to abandon bitcoin and move to another coin i can't really think of anything other than ltc. it's strong, secure and honest even if its trading has been staggeringly static for what seems like eternity.

LTC has no merchants.

What is the point in running ti LTC when no casino, no bitcoin service, no mechant is accepting it.

Every single crypto website is bitcoin based, and to some degree ETH.

Good luck reviving LTC, it's already dead, it's just that people dont want to be released from the life support.

come on. LTC is nice to moves funds around. faster than BTC and cheaper.

RealBitcoin

hero member

Activity: 854

Merit: 1009

JAYCE DESIGNS - http://bit.ly/1tmgIwK

Quote from: European Central Bank on January 09, 2017, 06:39:48 PM

hmm, maybe the segwit thing is gonna motivate the r/btc psychos to run to ltc instead plus others who are bored with bitcoin's stalemate. fuck knows why they had such a boner for that eth junk anyway. ltc's been sat waiting for them the whole time.

if i had to abandon bitcoin and move to another coin i can't really think of anything other than ltc. it's strong, secure and honest even if its trading has been staggeringly static for what seems like eternity.

LTC has no merchants.

What is the point in running ti LTC when no casino, no bitcoin service, no mechant is accepting it.

Every single crypto website is bitcoin based, and to some degree ETH.

Good luck reviving LTC, it's already dead, it's just that people dont want to be released from the life support.

Equalizer1970

hero member

Activity: 623

Merit: 500

Fortune favours the bold!

Quote from: AmDD on January 10, 2017, 10:28:07 AM

Quote from: K210 on January 10, 2017, 01:24:30 AM

Litecoin is one of those few coins that stays away from hype and just keeps chugging along. No hacks, No drama just slow and steady development - i like that.

Agreed. Dont count Litecoin out yet.

Although, I like that LTC is finally making a real move with segwit, I think the technical damage to the price is so severe that any sort of rally won't be that meaningful. Letting it fall below .004 was crazy. Even a 4 bagger from here would only be .016 - nothing near it's all time high of .05. Some major fools at the helm right now.

AmDD

legendary

Activity: 1027

Merit: 1005

Quote from: K210 on January 10, 2017, 01:24:30 AM

Litecoin is one of those few coins that stays away from hype and just keeps chugging along. No hacks, No drama just slow and steady development - i like that.

Agreed. Dont count Litecoin out yet.

K210

hero member

Activity: 1568

Merit: 507

Litecoin is one of those few coins that stays away from hype and just keeps chugging along. No hacks, No drama just slow and steady development - i like that.

Nthused

legendary

Activity: 1554

Merit: 1001

Quote from: European Central Bank on January 09, 2017, 06:39:48 PM

hmm, maybe the segwit thing is gonna motivate the r/btc psychos to run to ltc instead plus others who are bored with bitcoin's stalemate. fuck knows why they had such a boner for that eth junk anyway. ltc's been sat waiting for them the whole time.

if i had to abandon bitcoin and move to another coin i can't really think of anything other than ltc. it's strong, secure and honest even if its trading has been staggeringly static for what seems like eternity.

Also remember Litecoin is the only other original coin that has stayed the same in terms of added extras like Masternodes, PoS, DPoS, decreasing/increasing reward, etc, plus there was no gimmicks or insider team with a fair launch like BTCitcoin Wink

Topic: Litecoin is officially dead - page 62. (Read 290726 times)