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Topic: Litecoin v. Bitcoin - page 11. (Read 43665 times)

hero member
Activity: 770
Merit: 509
October 27, 2015, 08:21:30 AM
The conception that somehow everytime Bitcoin goes up Litecoin will follow is a dangerous one. I think at some point this may stop happening and the people that has been racking up a ton of cheap Litecoin waiting for that pump might be left out of the market. We still don't know if any other crypto besides Bitcoin is really needed and the alt thing was just a pointless fad.
legendary
Activity: 1184
Merit: 1013
October 27, 2015, 05:45:42 AM
Nothing beats the original. Bitcoin of course!

No true. If litecoin keeps on innovating and offers new feature suitable for today's world, it will beat bitcoin. However, litecoin plays safe here, just wants to be a clone of bitcoin, it will not be as successful.

Those innovations need lot of funding from investors so I don't think any thing will happen in near future so I just stick to bitcoins only as of now.
Money won't be a problem for the litecoin guys, but getting new ideas would be. It's not really easy to gather new ideas for the development of a new crypto currency. Though if you are full of ideas then there would be hundreds of millionaires who would be there to help you out with the funding issues.
legendary
Activity: 1456
Merit: 1023
October 27, 2015, 04:11:04 AM
Nothing beats the original. Bitcoin of course!

No true. If litecoin keeps on innovating and offers new feature suitable for today's world, it will beat bitcoin. However, litecoin plays safe here, just wants to be a clone of bitcoin, it will not be as successful.

Those innovations need lot of funding from investors so I don't think any thing will happen in near future so I just stick to bitcoins only as of now.
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
October 27, 2015, 03:56:54 AM
I am so confused.

What is better?  Which one do you guys recommend more?

Thank you for your time

Bitcoin although Litecoin can tag along for the journey as it has so far
Besides the algo not much differences fundamentally unlike 2.0 coins so it needs to adapt as well to remain competitive in the future.
Bitcoin has the dev power to do so we will see with Litecoins.
legendary
Activity: 1526
Merit: 1001
October 27, 2015, 03:55:43 AM
BTC-E is what keeps Litecoin alive till this date. I wouldn't be surprised if the owners of BTC-E are major Litecoin holders with at least 10%-20% of the total minted coins in their possession.

I have been thinking that since the summer of 2013. I saw such huge sell offers in LTC worth hundreds and hundreds of Bitcoins at the time that I hardly could believe anyone halfway sane is crazy enough to deposit such amounts of coins on a shady exchange like BTC-E. Those manipulations occured more often and totally ruined LTC for me. I didn't lose money but I am no longer holding a coin that can is manipulated on such a massive scale- it's ridiculous!
hero member
Activity: 896
Merit: 1000
October 27, 2015, 03:53:03 AM
Nothing beats the original. Bitcoin of course!

No true. If litecoin keeps on innovating and offers new feature suitable for today's world, it will beat bitcoin. However, litecoin plays safe here, just wants to be a clone of bitcoin, it will not be as successful.
legendary
Activity: 3374
Merit: 3095
BTC price road to $80k
October 27, 2015, 01:43:27 AM
Bitcoin is most popular and bitcoin is more expensive than litecoin so im still bitcoin. then bitcoin for me is life because i use bitcoin to buy our food... Litecoin Price nothings is changed maybe some day litecoin price will jump like a bitcoin...
legendary
Activity: 1184
Merit: 1013
October 27, 2015, 01:20:35 AM
I am so confused.

What is better?  Which one do you guys recommend more?

Thank you for your time
Obviously everyone over here would recommend you to use bitcoin rather than using litecoin. Bitcoin has more people involved with it(that means it is more backed up by the community than litecoin). Bitcoin is way more popular in media than litecoin. Also, there are 10000x more bitcoin accepters than litecoin one's.
full member
Activity: 190
Merit: 100
October 27, 2015, 01:08:24 AM
Nothing beats the original. Bitcoin of course!
legendary
Activity: 1232
Merit: 1030
give me your cryptos
October 27, 2015, 12:14:52 AM
Bitcoin. Litecoin used to be Bitcoin's little brother, but now most other altcoins are just fading into bitcoin's ever-growing shadow. (Because it's price is getting higher, rite?)
member
Activity: 90
Merit: 10
October 26, 2015, 11:08:46 PM
I use bitcoin only.     
legendary
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
October 26, 2015, 10:48:12 PM
Why do you say shorter block times is a very real disadvantage please?

As the time required to propagate a new block throughout the entire network becomes a greater percentage of the bock-to-block interval, the system spends a greater percentage of time in an indeterminate state. This inconsistent state provides lower security due to the differing views that payer and payee have of the state of the system. This leads to a higher percentage of unsettleable transactions.

Quote
I don't see the disadvantage in better specs...

If the specs are unquestionably 'better', then by definition there can be no disadvantage. However, Litecoin's 2.5m block interval is not objectively better than Bitcoins 10m. It is merely _different_. There is a tradeoff between time to settle and determinism of settlement.

If Litecoin's 2.5m was objectively better than Bitcoin's 10m -- merely due to the shorter block interval -- why not 1m? Why not 15s?
newbie
Activity: 84
Merit: 0
October 22, 2015, 11:30:23 AM
Bitcoin is way more popular and accepted.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
October 22, 2015, 10:34:14 AM
the free market will dictate what will be a success and what won't. I think the free market will pick many winners, not one


exactly. Litecoin will stay for a long time. to have the second biggest blockchain in the world is not a small thing. it has value because of that.
hero member
Activity: 896
Merit: 1000
October 22, 2015, 04:20:10 AM
Bitcoin is first major cryptocoin. It has much bigger network effect than litecoin. Litecoin is a clone of bitcoin, it is no more innovative than bitcoin.
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
October 22, 2015, 04:15:03 AM
the free market will dictate what will be a success and what won't. I think the free market will pick many winners, not one

Well free market is already choosing and that is Bitcoin. If we take a look at the all time highs, Litecoin has dropped from $48 at one moment to about $3 at the moment. That's 16 times price decrease. Bitcoin's price has decreased only about 4 times from its all time high.
full member
Activity: 210
Merit: 100
October 22, 2015, 03:26:08 AM
I like Bitcoin better and will recomend Bitcoin more. You can do more things with Bitcoin since it is more popular then Litecoin.
how about price fluctuate?
full member
Activity: 210
Merit: 100
October 22, 2015, 03:25:01 AM
bitcoin is the 1st and main currency.
so i think bitcoin is better.
although litecoin is good too.
it is a very popular crypto currency too..
that you will love to invest too.
so its all up to you, but my recomendation is really bitcoin.
so goodluck to you.

how if litecoin price more fluctuate than bitcoin? are you gonna choose litecoin?
hero member
Activity: 756
Merit: 503
Crypto.games
October 22, 2015, 02:40:07 AM
bitcoin is the 1st and main currency.
so i think bitcoin is better.
although litecoin is good too.
it is a very popular crypto currency too..
that you will love to invest too.
so its all up to you, but my recomendation is really bitcoin.
so goodluck to you.
legendary
Activity: 3248
Merit: 1070
October 22, 2015, 02:20:15 AM
the free market will dictate what will be a success and what won't. I think the free market will pick many winners, not one

not many winners that do the exact same thing, and it's the only fault of litecoin for not being adopted yet, it does the same thing of bitcoin, so why we should have two same thing? when one is already struggling to suceed

well one could argue that we have master card and visa, that are the same thing, and thus it could be possible for crypto also, but crypto is not well seen, like fiat, it may be the insurmountable obstacle...
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