i like to see numbers
http://bitinfocharts.com/top-100-richest-litecoin-addresses.html
look at all those wallets and good distribution.
when shit hits the fan these numbers count. even if 1/10 of those wallets are true believers, that a lot of people picking the coin right back up!
Topic: <<UNMODERATED>> THE FALSE BLIEF THAT LITECOIN IS DEAD -- (Read 791 times)
I don't think that Litecoin is dead but the 51% threat is real. Litecoin has very many users and people can actually buy stuff with it which almost no other altcoin offers but in the very long term Litecoin will die imho. The reason seems very simple: Litecoin is an altcoin with no additional features compared to bitcoin. Scrypt has failed, see all the Asics coming out. I just don't see why people in the future would use Litecoin instead of Bitcoin. Of course Bitcoin and Litecoin can coexist next to each other but as crypto becomes more popular Bitcoin + Altcoin with additional features (like anonymity, asset exchange, mgw, dgs etc.) will profit from it. Why does this argumentation fit to Litecoin but not to Bitcoin: Just because of the Network effect. Bitcoin will suceed unless there are appearing major security issues.
I'm not saying Litecoin is dead, I just think it will die in the very very long term, if devs/community don't improve Litecoin.
I'm not saying Litecoin is dead, I just think it will die in the very very long term, if devs/community don't improve Litecoin.
Yea darkota is doing a great job moderating that thread. Any post in favor of litecoin is instantly deleted. Personally, I could care less either way but why not let people debate in an open forum.
5 minutes ago I posted to a thread stating litecoin is dead and found my post was deleted since it was a self moderated thread.
I guess self moderation is one way to make sure every post is slanted the way you want.
---- Feel free to add your reply to the status of litecoin ---- To me a coin is dead when you fire up the wallet get no connections, nodes or there is no one mining the coin (except you) , even then it is still slightly alive. Litecoin has been around quite a while and is pretty far from that stage of death I described.
Here "was" my reply to the people who think it is 'dead' :
If you feel litecoin is 'dead' or 'dying' just mine and support coins you think are alive.
There are so many coins released every week now you have no shortage to choose from.
The last time I checked the network hash rate and difficulty of litecoin was quite high.
It is probably the only scrypt 1024 coin really safe from 51% attack.
I also tend to respect the development team.
People in this thread have commented the developers have come up with no new features.
What features are you thinking about ?
Since it is an open source project you have the ability to 'design' new features and submit them to become part of the project if they are useful.
Give them some lessons !!
I think the foundation of any coin , certainly what makes bitcoin valuable is the security and trust of the blockchain.
If you compare litecoin to other scrypt 1024 coins or the mixed algorithms it has a more secure blockchain than all of them due to its network hash rate and the mathematics of how these things work. Nothing is close to the security of bitcoin yet but as the years go on the only alternatives to bitcoin will be coins with the most miners and hashpower.
I guess self moderation is one way to make sure every post is slanted the way you want.
---- Feel free to add your reply to the status of litecoin ---- To me a coin is dead when you fire up the wallet get no connections, nodes or there is no one mining the coin (except you) , even then it is still slightly alive. Litecoin has been around quite a while and is pretty far from that stage of death I described.
Here "was" my reply to the people who think it is 'dead' :
If you feel litecoin is 'dead' or 'dying' just mine and support coins you think are alive.
There are so many coins released every week now you have no shortage to choose from.
The last time I checked the network hash rate and difficulty of litecoin was quite high.
It is probably the only scrypt 1024 coin really safe from 51% attack.
I also tend to respect the development team.
People in this thread have commented the developers have come up with no new features.
What features are you thinking about ?
Since it is an open source project you have the ability to 'design' new features and submit them to become part of the project if they are useful.
Give them some lessons !!
I think the foundation of any coin , certainly what makes bitcoin valuable is the security and trust of the blockchain.
If you compare litecoin to other scrypt 1024 coins or the mixed algorithms it has a more secure blockchain than all of them due to its network hash rate and the mathematics of how these things work. Nothing is close to the security of bitcoin yet but as the years go on the only alternatives to bitcoin will be coins with the most miners and hashpower.
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