Topic: Litecoin v. Bitcoin - page 33. (Read 43665 times)

There's a surprising amount of hate directed at litecoin, even for a bitcoin forum. Its not true that there is no potential advantage to litecoin. Here are some things I can think of. I'm sure some of these points are contestable but it is worth being open minded.

* It confirms 4 times faster.

* It allows one to diversify one's cryptocurrency holdings without going into the lunatic fringe of the more obscure alt-coins.

* As the price of litecoin has fallen some value has crept in. The community and infrastructure surrounding litecoin may not be great but its not nothing either.

* Litecoin transactions sound reasonable. 1 coin for 1 sandwhich, not 0.01 coins for a sandwhich.

* The litecoin community is less stratified into haves and have nots. It wasn't pre-mined in the same way as a lot of alts and doesn't seem to have as many as the same early adopter whales (many such people will frankly have been wiped out).

* Under-development can mean opportunity. Ask investors in China. There are opportunities in litecoin which have already been taken in bitcoin.

* Its not true that nobody is starting to accept litecoin:

http://www.coindesk.com/remax-london-accepts-bitcoin-litecoin-dogecoin-pilot-program/


In all I agree that the endless deluge of alts has hurt the quest for an alternative money system but I don't get the hate towards litecoin. You do want some diversity.

A good analogy is GNU/Linux. GNU/Linux has way too many distributions. This variety in distributions (and increasingly in display servers, and graphical interfaces), divides development resources, makes it harder to package for all distributions and confuses consumers. In short, it hurts GNU/Linux, yet linux people won't stop forking projects and creating unnecessary new ones. Some of these distros are maintained by about one person. Distro watch lists 100 distros. Do we really need "SliTaz GNU/Linux". Not really is my opinion.

I think GNU/Linux should consolidate for its own sake and for the sake of the cause of free software. But I do not think that there should be only one option for GNU/Linux. Why should there be? A little choice and competition never hurt anybody.

Well he should know!

I thought I'd go buy some litecoin right now. I'm not seeing an easy way to do so other than exchanges. No Circle or Coinbase.
That might be a start to improve the price of the coin. Or if there is something, tell me and I'll buy some!

You're asking someone named Litecoinguy?

I've only ever invested in Bitcoin. Do you recommend adding some litecoin?

I never owned any LTC, simply because it's still difficult to buy stuff with Bitcoin, not to mention its younger brother. LTC may succeed alongside BTC, but it will need more time and will always have less support.

That's what i said
Read again please

While I'm a Bitcoin bull and have little use for litecoin in general, I still believe it has speculative powers that get summoned during Bitcoin's big rallies. I keep (bought recently) a small single digit % of my overall holdings in litecoin for precisely the aforementioned reason. Seemed like a good thing to do when Bitcoin began consolidating in a more solid way. I certainly wouldn't go all in or even close to it because there's no guarantees.

I don't see how Litecoin is better in any way. It's just a clone of bitcoin with a few tweaks but not necessarily 'better' tweaks in my opinion.

+1 litecoin is a great little brother to bitcoin.  Never rule out litecoin, look what its done in the past.

Depends on what aspect you're  looking for but in all aspects bitcoin is better

I like Bitcoin most. I think everybody will agree with me.

Check the charts and you can see that Litecoins current status is more dire than you allude to -
http://coinmarketcap.com/currencies/litecoin/#charts

Litecoin has fallen over 60% in addition to bitcoins decline in the last year.


The problem with this is that there will be bitcoin sidechains with TaPoS layers supporting instant and micro transactions in the future that will have the benefit of pegging to the BTC blockchain and better security with more sophisticated algos. Additionally, you are ignoring inter-channel payments like http://impulse.is , Bitcoin has many tricks to implement rather than simply forcing everything to off the chain transactions.

Litecoin is dead in the water right now with development, merchant acceptance, venture capital, popularity growth , and user acceptance.

I used to mine litecoin but now see it as completely irrelevant with the advent of Scrypt ASICs. 2.5 min confirmation times is pointless as anything "confirming" slower than 1-2 seconds in a store is useless. Litecoin needs make some bold moves to reinvent itself to remain relevant.

Exactly mate.. I dont see any comparison between BTC n LTC..BTC is far ahead..some altcoins might have some better features..but on the whole i think BTC is much better.

Bitcoin is main cryptocurrency and far ahead of any other alt and Litecoin is dying slow painfull death. You cant compare those two.

I think the main requisite whether a coin becomes a successful or otherwise still lies in the community backing. I certainly don't see that with litecoin expect for a few die-hard supporters. Whereas for bitcoin, it's definitely solid community support all the way till the end. And what's best is the support coming from the early adopters who are still around.

Can't compare those two.
Because BTC have like 200x higher value, because LTC have bad reputation since it falls from 15 to 1.8$ (more less), because ASIC technology killing LTC to almost dead coin even there is a wide range of users, those two cannot be compared anyhow.

you are in Bitcoin Discussion section afcose Bitcoins is better


but never forgot about Sivelr is alos important to our life

Bitcoin is gold, Litecoin is silver. Simple 

yes bitcoin its  sha256 secure high price per uit coin ltc and doge are more for small transactions and can be used too and they are scrypt mining but the problem its bitcoin may rise a bit and litecoin and doge are now a more stable at least doge i dont know if ltc its going to go even less than 2 dolllars  a piece but ok you can have in my opinion small amounts for trade in those wallets doge and ltc and use for major pen usb wallt in btc to portect your money.