What exactly is wrong with LTC? - page 6.

legendary

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Quote from: Piper67 on February 11, 2013, 04:02:39 PM

The only use I can foresee for an alt-cryptocurrency is, some day in the somewhat distant future, to have a currency that isn't capped at a certain arbitrary number, and that is backed by BTC, with a free floating BTC/XXX rate of exchange.

This may prove moot if Bitcoin becomes divisible to less than a satoshi and if the blockchain size issues are addressed (by super pruning, for example).

Other than that, I'm still to find a glaring problem with Bitcoin.

It's already moot because bitcoin is already plenty divisible.

Piper67

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The only use I can foresee for an alt-cryptocurrency is, some day in the somewhat distant future, to have a currency that isn't capped at a certain arbitrary number, and that is backed by BTC, with a free floating BTC/XXX rate of exchange.

This may prove moot if Bitcoin becomes divisible to less than a satoshi and if the blockchain size issues are addressed (by super pruning, for example).

Other than that, I'm still to find a glaring problem with Bitcoin.

Akka

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I have nothing against Litecoin or any other Altchain.

There is simply no reason to use any of them. All of them are simply BTC clones, none of them has any improvement so far.

If there where at some point one that makes something significant better than Bitcoin I would give it a try. But there is simply none.

Mike Christ

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I refuse to use other cryptocurrencies simply because I want one of them to get really mainstream. Right now, Bitcoin is the leader when it comes to popularity, and the more people use Bitcoin, the more things I do with my Bitcoin.

No offense to LTC, it's just, why would I use it if I could use Bitcoin? There's already only very few things I can buy with it. A currency needs people using it to become useful. If only my dog accepts my SunnyCoins, I may as well not even have them. And yes, my dog has a little dog computer to browse the dogwebs.

On the other hand, if people suddenly started using LTC more than BTC...

sublime5447

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Quote from: Kupsi on February 11, 2013, 03:40:33 PM

Quote from: sublime5447 on February 11, 2013, 03:00:56 PM

So what is wrong with LTC why do people hate on them? Is the structure of the coin sound? Does it have a design flaw? What is the deal with the high sending fee for small amounts of LTC? Is the price stable? Do the price move more evenly than BTC?

So far like it. I was thinking of only selling LTC and letting my customers exchange for BTC on BTC-e. Does anyone see any problem with doing that? Any advice is appreciated. Thanks

Litecoin wasn't first.

http://en.wikipedia.org/wiki/Network_effect

So who cares?

2112

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Quote from: sublime5447 on February 11, 2013, 03:00:56 PM

Does it have a design flaw?

It isn't as much flaw as deception. Litecoin used the same scrypt parameters as Tenebrix. Artforz had gamed almost everyone involved in the scrypt()-based coins. He had choosen the set of parameters that made GPU mining possible, but made claims that the design is GPU-resistant. Then he proceeded to mine all the scrypt()-based coins (Tenebrix/Fairbrix/etc) on his GPU farm that was significantly more efficient than the CPU miners.

Ryland R. Taylor-Almanza

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Quote from: sublime5447 on February 11, 2013, 03:35:46 PM

No they will buy LTC to get BTC. I sell for Paypal so they will do it.

It's not too hard to find someone to sell BTC for PayPal if you have a good reputation. I've actually never bought BTC with anything other than PayPal. Why not just target the LTC crowd?

Kupsi

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9.9.2012: I predict that single digits... <- FAIL

Quote from: sublime5447 on February 11, 2013, 03:00:56 PM

So what is wrong with LTC why do people hate on them? Is the structure of the coin sound? Does it have a design flaw? What is the deal with the high sending fee for small amounts of LTC? Is the price stable? Do the price move more evenly than BTC?

So far like it. I was thinking of only selling LTC and letting my customers exchange for BTC on BTC-e. Does anyone see any problem with doing that? Any advice is appreciated. Thanks

Litecoin wasn't first.

http://en.wikipedia.org/wiki/Network_effect

sublime5447

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Quote from: debianlinux on February 11, 2013, 03:36:51 PM

I have often traded BTC for LTC. I have never done it the other way around.

The guy who sold you the LTC has.

debianlinux

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I have often traded BTC for LTC. I have never done it the other way around.

sublime5447

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No they will buy LTC to get BTC. I sell for Paypal so they will do it.

Ryland R. Taylor-Almanza

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Nothing wrong with it really. I think the main argument that people against it use is that it isn't that much different from BTC. If you're only selling LTC, chances are people won't buy from you if they just want BTC, because then they have to go through another step of exchange to get it. But people who actually want LTC will buy from you.

I like BTC and LTC.

sublime5447

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So what is wrong with LTC why do people hate on them? Is the structure of the coin sound? Does it have a design flaw? What is the deal with the high sending fee for small amounts of LTC? Is the price stable? Does the price move more evenly than BTC?

So far like it. I was thinking of only selling LTC and letting my customers exchange for BTC on BTC-e. Does anyone see any problem with doing that? Any advice is appreciated. Thanks

Topic: What exactly is wrong with LTC? - page 6. (Read 6653 times)