The blockchain size limit is perhaps one of the biggest question/problem in the development right now,
but it seems to be going in the "unlimited" direction.
But this problem is not solved yet.
And right now we are not hitting the hard limit.
When/if we hit it, it will influence the transaction fees.
They will have to go up quite a bit for the "off chain transactions" to be interesting.
And maybe they will solve it by promoting LTC for small transactions.
Or Feathercoin, or Blightcoin, or any other coin.
This is assuming that nothing more elegant than another blockchain can be used for the "off chain transactions" scheme.
Right now small BTC transactions are limited by amount, because of this problem.
No. That's not even related.
The minimum limit is to -temporarily- protect the blockchain from being bloated with unspendable transactions while the developers are working towards a more market-driven solution.
And because Litecoin is a copy of Bitcoin... how are these same problems dealt with?
I respect your point of view, but I think you can hear what I will say here, Bitcoin is the First, biggest and the most secure and successful Crypto, and may be this will be for a long time, but thinking that it will be the only Crypto and payment system is only ignorant. and pretending that some cryptos doesn't bring any innovation is also ignorant,we all know that almost all cryptos are copied of the source of BTC with some editing, sometimes is just the name, but trying to convince people and your self that LTC is nothing special is just wrong.
In fact do you really think that BTC will be the leader for the next lets say 20 years ? with its technology (SHA256) , have you ever thought about it, in some point SHA256 will be old as my MMX processor or your Pentium 1, just to remind you I still remember using my Pentium 1 and my windows 3.11 like it was yesterday.
BTC is just the opening of a new technology, culture, a free world, it is like the first car ever made or the first plane ever made, we have choices, it is all about choices.
what do you think it is better for you? if I am buying a car and decided for a brand X lets say Mercedes, this doesn't mean BMW is worthless, they do the same job but they deffer in some specification which leaded me to make my decision.
LTC do the same thing that BTC does, the fast transactions and the encryption make it referent, whether you like it or not, LTC is here to survive and to be used widely the same as BTC .
and one day all this coins (and add to them all the crap coins) will be gone and replaced with something better, and you will be stuck with holding your BTC.
you know what you sound the same as my boss, he fears change, each time we want to change or upgrade a server or software he gives us the what this can do that what we have cant do . but he gives up at the end.