Topic: Meteoric rise of BTC sucking life from Alt-Coins (Read 3168 times)

I honestly intend  *not* to be a mud thrower, and although I can't help when my comments are taken out of context, I think I do a very good job of informing potential readers that my comments are based on opinion, and that I am biased toward TRC.

Some of my opinions I know will be judged as incorrect and I respect that. I will try to make solid arguments why I feel the way I do, and I am certainly open to criticism to that. I sincerely believe the world doesn't need to be mono-coin and the success of Litecoin in no way I think tarnishes the success of any other coin.

I have been a big LTC supporter as well from the very beginning and any brief search of the forum will reveal that. I respect the LTC community as well and look forward to the future. :-)

EDIT: as a note the original purpose of this thread wasn't to speak about LTC, but rather the entire Alt-Community. I really do feel that the "gold rush" feeling going on in the BTC speculation boards is sucking up the more altruistic interests in cryptocurrency. If not sucking up, perhaps the number of new members with Gold-rush fever just starts to outnumber the discussion of those who are more philosophically involved.

Realsolid did this exact same thing.

A coinbase isn't just about the blockchain or mining - in my mind, what makes a coinbase successful, is the community around it.  Having a diverse group of people interested in it, building projects, large or small, to use it or exploring how it can be applied to their own interests.
There are a few large scale projects being developed at the moment, there are lots of smaller projects being worked on - no one project will turn it around overnight - infact I hope there isn't one project that can make or break any coin.  Over reliance on one single entity is a path to failure in my mind.

On litecoin we've been working on a number of things in parallel:
We're working with the community to find out how they see it and what they'd like to see - not just with the blockchain and the client, but with the infrastructure around it. 
Do they get the support they need, are they seeing the projects & services around it that they want? 
Where they see it today and what they'd like to see from it tomorrow.  Are there the right kind of hooks - that allow them to try out their own ideas with it?
Meanwhile we've been building some of the things we feel are missing for the coin and building some components that allow others to integrate with it a little easier.

As a community - we're not going to get these things right all of the time - but we're trying to build things up in the right kind of way that we (a) have a measurable goal, (b) measure the effect of that goal, (c) learn from it.

The OP has his own agenda - which is cool and I respect his passion in trying to bring TRC mainstream.  What I object to is building contrived arguments against other coins just to further his own goals.  You don't build a good solid coin or a community behind it by throwing mud - you do it by being better. 

I don't claim to be aware of everything, but there is definitely a massive "It is also worth noting that other projects are in development, but instead of "doing a BFL" by creating hype way before anything is even ready to be beta tested. It is best to ensure the projects are in a good enough working order before creating hype." project with tons of work put in it, and something *different* from blockchain/mining/etc

-1 Did you even read the thread? lol

+1

Unless you know the actual projects being developed - you have no idea to which coin they're targeted.  Frank is involved with several litecoin related projects.
Seriously - its ok to say "I don't know" - people actually respect you for for it.

And I'm sure you are all knowing of what is in development for Litecoin right?

heh - it's good.


aye.. well.. umm... nuff said really

Except most of the "other projects in development" are going to help Bitcoin and barely Litecoin.

Funny how that one person brings all to the same side (opposite of him).

To be honest I had no idea anyone was still actively working on it. It certainly didn't look like it so I apologise. I also was not passing judgement on Coblee since it's too much for one person to shoulder. As for a bitcoin dev that attacks others? It's pretty obvious who that would be... 

+84,000,000 LTC

It is also worth noting that other projects are in development, but instead of "doing a BFL" by creating hype way before anything is even ready to be beta tested. It is best to ensure the projects are in a good enough working order before creating hype.

That way when they do get released, its ready to use. Which is best for the long term, instead of spoon feeding info now and again to cause pumps and dumps before anything is finalised.

The litecoin community learns all the great things bitcoin has brought to crypto community, and also litecoin will learn from bitcoins mistakes to make sure litecoin does not follow it like a deaf sheep.

As for bitcoins gold standard people keep giving it. Crypto-currencies are not a commodity, you cant make anything out of it, you cant eat it or drink it.

Crypto currencies are technically an Asset, much like a piece of art.

So its better to think of bitcoin as a Van Gogh and litecoin as a Picasso. Van Gogh will paint 21 million paintings and Picasso will paint over 80 million.
Just remember Van Gogh can be a little selfish and deaf when it comes to listening to his patrons requests, just like the bitcoin foundation. But Picasso is a totally different attitude, although some patrons will at first say it does not look like fine art at first glance with its crazy implementation, it does have an elegant beauty that will stand the test of time, and like the developers. Not afraid to learn new ways of doing things for the benefit of the patrons.

There are new devs that now have commit access to the ltc repo.
Coblee is on-board with a few of us working on the code and rolling in updates - many of which are in test and we're aiming to start more regular release cycles of the client.
We're being careful to ensure we can provide a clean upgrade mechanism for users as we build new functionality and roll in important changes from the bitcoin source.


Yes - many, not all, developers on bitcoin set a high standard.  We're aware that some like to compare "gold" to "silver" - we think there is an appropriate niche for both.
With Litecoin worked closely with the bitcoin developers in the past - adapting the niche we think we service - we look forward to continue doing so as time unfolds.


That's an unfair and invalid argument ck - Coblee did a Satoshi for a number of personal reasons - he's around and reachable by the current team - but he doesn't have time to commit with the everyday dev.  We do talk with him when it comes to major changes or for brainstorming - but we also have scope to bring about change.
Gavin stepped in and did a great job of moving bitcoin forward - building upon a solid foundation and helping to turn it into what bitcoin currently is today.  Give us a chance to see if we can do the same for litecoin.

There are limited services currently with ltc - and that's largely our responsibility to work out and fix.
This is something we are heavily into at the moment and I think over the next few months you'll find a lot more possible with LTC other than speculating or hedging against with btc.
On btce ltc is heavily traded - with very healthy volumes which I think is a very good sign.

We're also looking to deal with a number of hostile actions by some who believe that btc should be the only coin.
In the past few months the blockchain & many of the pools have been attacked by those who believe it should be taken down - sadly it appears that one of the contributors to the bitcoin code also have it out for litecoin - which tarnishes the image of not just bitcoin but all cryptocoins. 
We've weathered these attacks pretty well I think - we've learned a lot and now in a more solid position to take Litecoin to a new level.

A lot of people purchased alt coins to speculate on them. Now, they see that the value isn't really going up, especially when they compare it to the "gold standard" of Bitcoin. It's clear why a lot of the speculators and holders are moving out.

Do you see any developers currently working on LTC? Any that have commit access to the official source that are working? Have the previous developers handed over responsibility to anyone they can trust? I put it to you that LTC development is in a very precarious state and these are questions anyone investing heavily in LTC needs to ask themselves.

Aren't LTC's architects same as BTC's?  The design is the same, just different implementation.

A (skilled) builder can quit or abandon his job, but the project can be easily maintained by others ...  the beauty of open source.

the architects weren't the same people the whole time I bet

Rome's architects didn't abandon it though...