Topic: Litecoin Price to hit $25? - page 3. (Read 12543 times)

ok, both. then the question is, why an end-user should convert his USD to litecoin and spend it instead of bitcoin ?!

Who says it has to be Litecoin instead of Bitcoin?  Why not both?  Why not Zoidberg?

The question is why a website should use litecoin instead of bitcoin !?

Here's a list of sites using litecoin

Yeah I just noticed that one, it's not important. Who cares about genres of music right now? You dominated that but meh 

1. You mixed up the quotes.

2. Stop trying to digress. I was countering your argument that there are other genres of music more popular than pop.

You do realise that it's being listened to by ignorant teens and below? We don't need people like that in crypto.
and crypto requires a tad more brains to comprehend and fully understand so..

Oh and what other music genre is more popular than pop?

You do realize that pop is a genre of popular music right?

I've said it once already.

Point is that btc is getting big money race, which is unnapealing for the HUGE mass of miners, who cannot spend shitload of money for the asic's. We are counting the biggest part of the miners. We have gone from decentralised currency to the point where its rich bitch game.

Masses will move to the next best thing, where throwing in 100k usd wont give you the edge over what people already have by that huge margin...

You fail to understand, that its not the coin, its the support of the masses which is most important.

And thats why Ltc will prevail and will increase hugely. Wait 5 years, give me millionz on that bet.

and other genres have many more people who prefer them (bitcoin in this case).
Your counter point failed.

Well that is a good question.  Merchants accepting LTC along side BTC is good but has a small network effect.  Merchants that only accept LTC provides more a network effect.  Even more useful would be developing the supporting infrastructure?  Where is the LTC equivalent of bitpay to provide turnkey solutions for merchants?  Where is a US/EU based exchange which provides LTC/USD pairs?  If LTC is less liquid and harder to adopt then outside the dreams of those holding large coins it is improbable to think merchants will adopt it.  I mean lets look at Bitcoin.  Bitpay makes it very easy and risk free to accept.  Companies can price in USD, get paid in USD, receive a guaranteed amount of USD, and have funds in their bank account as fast as credit cards.  Combine that with no fraud and low fees.  Even with that Bitcoin adoption has been slow.  Now compare the current LTC situation?  Honestly think its network is going to grow faster? 

The problem is that as valuable as a well run "LTC Bitpay" would be it would only be "as good" as Bitcoin.  LTC wasn't ambitious enough and ended up a shallow copy of Bitcoin.  That makes it very hard to outgrow its big brother.  It may simply be impossible.  A crypto-currency which is designed from the ground up to be superior to Bitcoin in areas where Bitcoin is inefficient likely has more of a chance of carve out a niche.  Bitcoin is ill-suited for small transactions.  A radically different crypto-currency designed to use a floating ledger would provide less security but would provide a superior platform for quicker, lower cost small transactions.  Is it enough to compete with off-chain txs? I don't know but at least it would have a competitive advantage.  Still nobody would likely be storing huge sums in this complimentary currency due to potentially lower security but it could be successful alongside Bitcoin.

Honestly (and no doubt some will disagree) I see only two highly successful alt-coins in the future
a) one which tries to compliment Bitcoin (and please no "silver for Bitcoin's gold nonsense)
b) one which is so vastly superior to Bitcoin that it displaces it as the dominant currency

No alt-coin to date has been ambitious enough to attempt either.

So, how a network gets larger?

That is the power of the network effect.  

Why would a merchant accept LTC if most people who have LTC also have BTC?  
Why would a user (not a miner but just a user) acquire LTC to spend if more merchants accept BTC and almost all that accept LTC also accept BTC?
Why would a merchant only looking to convrert to fiat  (using cryptocurrency as a proxy for dollars & a payment platform) accept LTC given the lower liquidity, the need for double conversion in many cases, and the lack of turnkey solutions (bitpay, coinbase, etc)?

The network effect creates a self reinforcing cycle that only becomes stronger as the network gets larger.

litecoin just needs to be spendable in a manner.

i dont see anybody try to accept litecoin seriously.

and even more,
for the end-user people, they have bitcoin option, why should they change their money to litecoin for spending it on sites that accepts both bitcoin & litcoin???

And pop music doesn't deserve to be loved by tens of millions of people.  It doesn't matter what the quality of the coin is; only how many people care about it.

Budweiser
Bud Lite


Bitcoin
Litecoin

/thread

Why?

Litecoin doesn't deserve to be the top alt.

FTFY

Getting more vendors behind Litecoin would go a long way to helping reach the $25 dollar mark. A Mt.Gox-like exchange site for more currencies than just the US Dollar and the Euro wouldn't go astray, either.