You are right. I think with the supply , Its similar to silver. Sure it's a testing ground for BTC , but if LN comes out , you are right , this coin won't be used as much , But this is the free market. You can use whatever you like right? If you want to use LTC , you can.
It's just another option.
Ehh I think it was just tagged as "silver to bitcoin's gold" to attract attention from investors. I don't think it would be this big if it wasn't for that tagline and if it weren't for Charlie Lee being so close and affiliated with Bitcoin people; and I definitely don't think it deserves the marketcap that it has. But yea, free markets.
/end short rant
150,000%. I think a lot of Coins don't deserve a place in the top 100.
XRP / EOS / TRON.
I've always thought that coins that don't have a pre-mine or ICO and fair distribution would do well in the market , but i think money changes everything.
This is my own understanding so far but I'd like your input on different cryptocurrencies and their use cases. I value your input whether good or bad.
Bitcoin = Digital Gold
Ethereum = Digital Computer
Litecoin = Digital Silver
Monero = Digital Cash
Is there a digital credit card? Whats the next innovation that will spark huge growth?
Silver has all sorts of industrial uses; Litecoin is more comparable to a useless rock. I like the Monero/cash analogy though, since it has the strongest privacy and fungibility.
Smart contract lending and blockchain interoperability seem to be the next big things. Not sure what buzz words to use for them though.
Once Lightning Network adoption increases, what the heck will this coin be for? Nothing, besides being a lab rat for Bitcoin.
Lightning isn't exactly a replacement for cheap, on-chain transactions. People are over-hyping it.
Litecoin's niche as Bitcoin's "lab rat" probably ensures it will remain entrenched in the ecosystem. The next major Bitcoin upgrade (maybe Schnorr and Taproot) will make it relevant again.
I agree with the Litecoin statement but as BTC lab rat , I find that hilarious but it is true. I thought that LN is centralized , is it not?
Whats the next innovation that will spark huge growth?
This isn't new but there could be a starting hype already for the exchange's lending feature like this;
https://www.binance.com/en/lendingThats interesting. I think lending will be a huge market. 10% AR? Better than some mutual funds hahaha
Litecoin is silver simply because plenty of Bitcoin early adopters and today's holders have plenty of it. They got rich by Bitcoin and added a bit more with all different Bitcoin blockchain forks. They can do whatever they want. Buy islands or having a copy of bitcoin named a silver.
I'm so in for a Island.