Topic: Litecoin makes reuters headlines with link in article to Litecointalk (dying?) (Read 2556 times)

I've wondered a bit about using any crypto as a currency, and run into the same problem. What benefit is there to the consumer (at least currently)?

It's like a very slow debit card, requiring installed wallets, without any benefits found in most credit cards (price protection, discounts, consumer protection).

A smartcard sort of solution could work, if it combines credit card benefits + ease of use. I think one of integrated payment gateways (coinpayments, gocoin, etc) may be the way to get cryptos into general use, if they somehow combine the gateway with a debit card plus also offer discounts for using cryptos for purchases. Maybe something like a shopping portal would work, as plenty of those exist with credit cards offering discounts.

That way, cryptos could be used with any merchant at all; some could get discounts if using the portal, and merchants wouldn't have to sign up for anything, it'd just be treated like a debit/credit card.

I like LTC and use it every day...
Because it allows me to get money on many exchanges FAST when the market moves.

But beyond that neither BTC nor LTC are becoming currencies...
The article below explains that in spite of 10s of thousands of new retailers added...
*** BTC velocity has completely flat-lined ***.

They adjusted velocity by excluding the Top 100 addresses...
Because these are all Crypto gambling and exchange sites... not real economy.

So we got ourselves 2 nice commodities to hoard and trade...
But it will be ANOTHER coin or note that will become a currency...
Something that is AN ORDER OF MAGNITUDE MORE CONVENIENT and modern than BTC...
I would bet it will run almost entirely on cellphones and smartcards.

http://www.ofnumbers.com/2014/05/05/will-bitcoin-ever-be-used-for-its-intended-purpose-on-a-widespread-basis/

Yeah, and there are an average of 2000 press releases per day. So unless this gets picked up by other sources it's just another company collecting it's PR fee.

And haha @ doge.

Curious whats going to happen to the Scrypt markets, also the effect of more Scrypt ASICS, most of the trading pairs seem to have been decimated along with Litecoin. Every position I have in LTC trading pairs is currently a loss, can't think too many people are ahead. I think I will wait until BTC's market cap starts setting some new records before trying to traverse through LTC.

Well, first off that article you speak of is a press release, as someone else already mentioned.

I'm not going to knock litecoin, but before getting too crazy over the fact a person can buy giftcards with litecoin and act like it's something super special --

https://www.egifter.com/dogecoin/

It is great news.  LTC is on the Vegas strip for legal gambling.

LTC making headlines on Reuters, only the 2nd crypto in the world to have hardware developed specifically for it.

Fairest distribution of any coin.  No insta-mine.  Anyone with a little CPU or GPU has hundreds from the past years.

Fairness and trust mean something.  So does integrity.

Litecoin is integrity.

No shady anonymous founders, no scandals, no stealing, no scam distributions.

Litecoin = Fairness for EVERYONE.

Uh oh.

Thanks for the heads up.

LOL why do you LTC fanboys start talking about NXT even in your threads about LTC?

I cannot see any NXT supporter here but you are trully devoted to mention it.

The nerves and the fear inside your souls are visible from China!

2º place at Coinmarketcap bye bye? 

Uh oh, this is pretty much the kiss of death. Explains why LTC buy wall moved to 1575 this morning. Anything this retard touches goes to shit. Always thought he was a quack reseller gone broke into selling beecoin, ipo scam coins and other nonsense. Anything he bitches/rags about show major uptrends in the short/intermediate term at least and there is BTC to be made from anything he hates on.

LTC is doomed now 

Litecoin is obviously shitcoin-killer. it has best features from the future, even btc looks like shit compared to the Lite Coin by coblee.

face it or gtfo

Reuters headlines? It's a paid for press release.

Can you link to some other media sources that have picked up the press release?

I don't want to discredit anything this company is doing. It's great and all but this post seems desperate to be honest.

The LTC economy speaks for itself. You don't need to be grasping at straws posting a press release to give it legitimacy.

Time will tell how the altcoin market pans out. Competition is a good thing. There's no reason why Litecoin devs can't compete(and win) in a technological arms race. They have the money.

scrypt asic are killing the coin bcoz earlybirds are mining with big rigs and selling at cheap price

Litecoin is the only coin other than Bitcoin to actually develop its own infrastructure and support its own coin with its own hardware.

A huge milestone.

There is no such thing as a "NXT leader". Btw, not to question your fascination about Nxt, but is there any particular reason you are rambling about it in your Litecoin topic?

Its so sad how the NXT post bots and new shill accounts can't focus on their own coin and have to try to destroy other ones.

All while NXT leader is stealing $250,000 in Bitcoin in public.

Literally outright stealing by offering a fake trade and keeping the BTC.

Litecoin is the only coin without the taint of this type of scamming and robbery.

NXT leader just publicly stole $250,000 - what happens to their price when they are all in jail??

exactly LTC was lucky enough to become the silver to btc gold. It is now linked to BTC and has a lot of mainstream attention. Other good coins who think they can rest on their laurels are wrong. I am big on LTC but i am also into a lot of other alts. I can not spell it out enough to them that they can not sit their waiting to rise to the top. They are still very very reliant on keeping up with the latest fads and need constant development. Wish i had cashed a lot more alts out into btc and ltc. A LOT more. However some other alts will have merit but yes btc and ltc i think are the ones that will see mainstream adoption way before the rest.

where are mec, wdc, digi now?? nowhere. However had they have jumped on the POS, ANON fad wagon they would be right up there near the top again. They could rise to near the top of the alts but again LTC is never going to be under threat because it does the job it needs to do already. It does not have to bow to the whims of alt miners and the alt community. They are a tiny proportion of people, btc and ltc concern themselves with the bigger picture now. No other coins have that luxury atm. Even ripple seems to have bowed out of the race for now.

Scrypt asics will solidify LTC not damage it as others think. Just like sha asics did for BTC.  Once you're invested in asics you're invested in crypto, that money never leaves crypto again. gpu mining is not the same.

Something radical could always come out that is so different from what we have then it could do what others have not been able to. Guess we have to wait and see.

More or less.  People think because there are not Litecoin shills here 24/7 like the scamcoin shills that are always spamming it means Litecoin is not doing anything.  Anyone who thinks things aren't happening with Litecoin is wrong.

Litecoin doesn't need to do that, exactly like you said.

If I posted all the good Litecoin news everyday it would overwhelm this forum.

Like every time a new car dealer accepts it, or the announcement just made by the Las Vegas strip headlining Luxor Hotel and Casino to install a BTC and LTC atm for direct gambling.  That is big boy stuff.  

LTC does not need to shill here like less accepted coins do, you pretty much nailed it.  Wake me up when car dealers and the Las Vegas strip is taking NXT or DRK.

But I own a lot of scam coin  ipo coin NXT I bought at 7 cents and if it goes to $1 im rich,  so if I bad mouth litecoin that could happen.



/sarcasm

litecoin will not lose 2nd place anytime soon. Although the other alts want you to believe it will. The thing is btc and ltc have reached a place where they do not really need to constantly think up new fads to stay above the others or even tread water. The other alts soon sink if they stop coming up with new ideas.