- Capable of four times as many transactions as Bitcoin in a ten minute period. Frankly if payment processors had adopted Litecoin in the past year current Bitcoin block discussions would be irrelevant (and likely the price of both coins higher). Anyone who has watched these discussions understands the immediate advantage of a network with larger transactional capability.
- Faster confirmation times. The only people who don't think this is important have never spent a single coin or they have patience that the average person does not possess.
- Blocks are not full.
- The faster block time of litecoin reduces the risk of double spending attacks.
- Anti-spam.
- Fast well established network. Current Hashrate is 2,100 GH/s. Since scrypt is memory intensive it is known to be approximately 1000 times slower hardware wise in comparison to SHA256. Fair comparison to the Bitcoin network requires multiplying that hashrate by 1000 (2,100TH/s). The fact is for most of Litecoins history the hashrate has been relatively high and secure. Those comparing it to the Bitcoin network without considering this 1k factor are either being disingenuous or just ignorant of the facts.
- Continuous development look here at number of releases in past year: https://github.com/litecoin-project/litecoin/releases
- Upcoming new features and active development look here for whats happening in 2016:
https://litecoinassociation.org/data/roadmap.pdf - Longevity. Many coins have temporarily eclipsed litecoin as they were marketed for the purpose of increasing the fiat accounts of a small group and emptying the accounts of new users. Unfortunately this has been detrimental to crypto-space in general.
- Great community. Definitly helps when consensus is needed.
- Unlike bitcoin, it is possible to make changes to litecoin.
- Fully supported by GoCoin a growing merchant payment processor used by thousands of merchants https://www.gocoin.com/ as well as other processors such as coinpayments, Asmoney, Alfacoins and Coinify
- Liquidity. You can sell thousands and not crash the market. Maintains value. Look at the chart here indicating volume in the last 24 hours relative to other coins http://coinmarketcap.com/currencies/litecoin/#markets in fact volume has remained high month after month for years.
- The speed, liquidity and value of Litecoin is useful to traders seeking arbitrage opportunities between exchanges.
- Now on GDAX soon to be on coinbase.
- Upcoming release to include a on-chain adaptive block size scaling solution. This will substantially increase the transactional capacity of Litecoin.
- Planned anonymity features for an upcoming release. https://www.reddit.com/r/litecoin/comments/53c0v6/confidential_transaction_for_litecoin/
- Fair release. In a crypto world of premined and ICO releases many appreciate this fact. The code was released well before the Genesis block was mined and everyone knew when it would be going live; therefore, individuals could anticipate and get their miners and software ready.
- It's primary function is to be a cryptocurrency.
- Still mineable in many western countries even after electrical costs are factored in. Here in Canada my Titans still make a profit long after shutting my Neptunes down.
- Many low value coins can be merge mined with it increasing profits for miners
- It will always maintain the integrity of the blockchain (no hard forks for special interests).
- Likely the first coin to activate segwit on it's network.
- The possibility of utilizing sidechains for smart contracts without the possibility of corrupting the original non-turing complete blockchain.
- Potential of using the Lightning Network as a method of increasing transactional capacity.
- Possible upcoming block size increase.
- Security.
Topic: Litecoin is the sleeping giant - page 19. (Read 36261 times)
Here's an updated list of reasons I like Litecoin:
Agreed with this, Litecoin will be the "silver" of the bitcoin.
people have been saying this for ages. other than an empty phrase rolled out regularly, where's the proof of the pudding? i agree that it's certainly one of the least disgusting alts and deserves to piss all over most of them, but money talks and it's not talking to ltc.
Money is talking to LTC if it were not so, Litecoin would be more than dead. People are mining it because there's still value on it (at least a speculative value)
dude, you can say the same about any crypto...
i dont see a good reason to use LTC, if you want faster transaction there are better coins than LTC.
There's nothing special about Litecoin, other than it has that special aura around it about being the "original alt" and it has that also special view on it where people see it as silver of crypto. Im not sure if this applies at all, it may keep stagnating for life for all we know, but it may pump again..
Agreed with this, Litecoin will be the "silver" of the bitcoin.
people have been saying this for ages. other than an empty phrase rolled out regularly, where's the proof of the pudding? i agree that it's certainly one of the least disgusting alts and deserves to piss all over most of them, but money talks and it's not talking to ltc.
Money is talking to LTC if it were not so, Litecoin would be more than dead. People are mining it because there's still value on it (at least a speculative value)
dude, you can say the same about any crypto...
i dont see a good reason to use LTC, if you want faster transaction there are better coins than LTC.
No one is going to adopt them. China isn't going to up and switch. A billion dollars in Scrypt asics aren't going away.
Agreed with this, Litecoin will be the "silver" of the bitcoin.
people have been saying this for ages. other than an empty phrase rolled out regularly, where's the proof of the pudding? i agree that it's certainly one of the least disgusting alts and deserves to piss all over most of them, but money talks and it's not talking to ltc.
Money is talking to LTC if it were not so, Litecoin would be more than dead. People are mining it because there's still value on it (at least a speculative value)
dude, you can say the same about any crypto...
i dont see a good reason to use LTC, if you want faster transaction there are better coins than LTC.
Gulden is far superior to litecoin in every way. 2017 Gulden is going to pull further ahead of all the other crypto. People can keep buying their overpriced litecoin.
superiority has nothing to do with price. i don't like what litecoin is offering either, it is mostly a copy paste coin with some variables changed
what matters is Chinese and they are balls deep in this coin and never pull out. and history has shown that they for some reason love litecoin and when they decide to pump it they always pump it hard meaning lots of profit.
Gulden is far superior to litecoin in every way. 2017 Gulden is going to pull further ahead of all the other crypto. People can keep buying their overpriced litecoin.
Agreed with this, Litecoin will be the "silver" of the bitcoin.
people have been saying this for ages. other than an empty phrase rolled out regularly, where's the proof of the pudding? i agree that it's certainly one of the least disgusting alts and deserves to piss all over most of them, but money talks and it's not talking to ltc.
It's held value per coin and marketcap, and there are still about 40 billion litecoins to mine out of 84 billion total. Compared to about
ten other coins that were once high but have now tanked.
Money is talking to LTC if it were not so, Litecoin would be more than dead. People are mining it because there's still value on it (at least a speculative value)
well yeah, it's afloat but that's about it. you can say the exact same thing about doge and many other alts too.
Agreed with this, Litecoin will be the "silver" of the bitcoin.
people have been saying this for ages. other than an empty phrase rolled out regularly, where's the proof of the pudding? i agree that it's certainly one of the least disgusting alts and deserves to piss all over most of them, but money talks and it's not talking to ltc.
Money is talking to LTC if it were not so, Litecoin would be more than dead. People are mining it because there's still value on it (at least a speculative value)
Agreed with this, Litecoin will be the "silver" of the bitcoin.
people have been saying this for ages. other than an empty phrase rolled out regularly, where's the proof of the pudding? i agree that it's certainly one of the least disgusting alts and deserves to piss all over most of them, but money talks and it's not talking to ltc.
hey guys I just did you a favor and sold it all. that means it will go to the moon today. good luck lol
People seem to think that if a coin is declining, one day it will just crash in price. Litecoin will be around for a very long time, although if you think it will be successful you are being very overoptimistic.
It has and always be a clone of Bitcoin which is used solely for trading.
It has and always be a clone of Bitcoin which is used solely for trading.
until ltc price starts holding its own against btc price. the point is moot. right now btc goes up ltc drops. btc drops ltc drops. the whales are bringing the price down.
yes.
BUT the metric is fine tuning, and will become a CORE point of measurement.
until ltc price starts holding its own against btc price. the point is moot. right now btc goes up ltc drops. btc drops ltc drops. the whales are bringing the price down.
LTC is not a sleeping GIANT.
It already is a GIANT, but massive (disproportional) growth compared to its peers is unlikely.
LTC is est. "The coin after Bitcoin"
yeah ETH/XRP ... eat it!
BELM_steem
It already is a GIANT, but massive (disproportional) growth compared to its peers is unlikely.
LTC is est. "The coin after Bitcoin"
yeah ETH/XRP ... eat it!
BELM_steem
Agreed with this, Litecoin will be the "silver" of the bitcoin.. The people just need to organize themselves and do operate in this two coins.. Bitcoin for big Tx and litecoin for short & quicker Tx
LTC is not a sleeping GIANT.
It already is a GIANT, but massive (disproportional) growth compared to its peers is unlikely.
LTC is est. "The coin after Bitcoin"
yeah ETH/XRP ... eat it!
BELM_steem
It already is a GIANT, but massive (disproportional) growth compared to its peers is unlikely.
LTC is est. "The coin after Bitcoin"
yeah ETH/XRP ... eat it!
BELM_steem
Yes, this makes me curious, with a large marketcap but the price movements such as dead. I don't know, until when, if like this continue, I am sure will be left by the user.
look at the "volumes" next time you visited wherever you saw the price and it looked dead then you'll understand why it is a sleeping giant. then look up accumulation in trading terminology if you got the time.
and then also zoom out of that chart that you are checking and you see another reason why people call it sleeping giant.
http://www.nasdaq.com/article/which-altcoins-are-implementing-segwit-cm720400
After that confidential transactions (I'm told code is being tested) and the lightning network; but, apparently some think it's asleep and doesn't offer anything new.
After that confidential transactions (I'm told code is being tested) and the lightning network; but, apparently some think it's asleep and doesn't offer anything new.
If true they have a definate PR problem. All other coins tout what they are doing. With LTC you see 1 mention of something every 3 months.
YOU GOT TO SHOUT TO GET HEARD ABOVE THE CROWD!
anyway imho ...
In general the shouting is for the pump and dump schemes. The goal here is to make a cryptocurrency that works.
I like the negativitsts here. When it's down: "it's dead". When it's pumped: "Parity with BTC soon"
ridiculous
ridiculous
Welcome to cryptoland.
I like the negativitsts here. When it's down: "it's dead". When it's pumped: "Parity with BTC soon"
ridiculous
ridiculous
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