Whats up with LTC? | Bitcointalksearch.org

Este Nuno

legendary

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amarha

Quote from: devphp on August 14, 2014, 02:44:20 AM

Ethereum (testnet?)

I'd be surprised if they were even that far to be honest.

I think crypto 1.0 currencies can still work with the right community and right infrastructure built on top of them to make them easier to use as currencies for regular people.

Crypto 2.0 style currencies are great, but there is also an added element of risk considering they are still new and yet to go through the rigorous testing that Bitcoin has gone through over the the past 5 years+. That can't be dismissed completely I don't think.

devphp

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Quote from: EternalWingsofGod on August 14, 2014, 02:27:12 AM

That said it takes time for 2.0 to release so their is hope for these 1.0 coins to evolve and keep pace with newer emerging coins
Nothing remains static but it is still going to be a challenge for Litecoin.

Different implementations of crypto 2.0 are already released: NXT (has been around longer than others) and its minor clones, BitsharesX, Qora, NEM (testnet at the moment), Ethereum (testnet?), some others probably (hard to follow all of them). All of them are still under heavy development, unlike crypto 1.0, which stagnate and lose market share.

EternalWingsofGod

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Quote from: devphp on August 14, 2014, 01:45:45 AM

Quote from: virtfund on August 12, 2014, 09:52:37 PM

As I see it, ltc has to find a reason to stay around. If it doesn't, it will die. If it does, maybe it hits the moon.

The reason is the economy built on top of the crypto. Most crypto 1.0 are not suited for that, they are only money transfer tools, nothing else. Bitcoin has a first mover advantage, that's why it has somewhat more of this economy already built than others.

Only crypto 2.0 technologies truely allow to build natural economy, because they are/were designed from ground up for that. Economy = use cases for a crypto. One use case (money transfer and saving mechanism) is kind of covered by Bitcoin already, there is no use case for Litecoin.

That said it takes time for 2.0 to release so their is hope for these 1.0 coins to evolve and keep pace with newer emerging coins
Nothing remains static but it is still going to be a challenge for Litecoin.

devphp

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Merit: 260

Quote from: virtfund on August 12, 2014, 09:52:37 PM

As I see it, ltc has to find a reason to stay around. If it doesn't, it will die. If it does, maybe it hits the moon.

The reason is the economy built on top of the crypto. Most crypto 1.0 are not suited for that, they are only money transfer tools, nothing else. Bitcoin has a first mover advantage, that's why it has somewhat more of this economy already built than others.

Only crypto 2.0 technologies truely allow to build natural economy, because they are/were designed from ground up for that. Economy = use cases for a crypto. One use case (money transfer and saving mechanism) is kind of covered by Bitcoin already, there is no use case for Litecoin.

AT101ET

legendary

Activity: 3178

Merit: 1348

Admit it, at this stage you just have to laugh at all the FUD.
Those who are scared, sell your LTC now.But do so at your own loss!
Your LTC will be snatched up straight away. People have belief in it.
When it reaches the moon, don't try selling your story to a paper. - We told you so...

CoinsCoinsEverywhere

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Quote from: juicyjuice87 on August 13, 2014, 02:20:01 AM

There is no hope left people. Sell your LTC ASAP

There's always hope. But someone big needs to champion the LTC cause. Otherwise, you may be right.

juicyjuice87

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There is no hope left people. Sell your LTC ASAP

zolace

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Strength, security and usability are the only features that matter at the protocol and network level. Litecoin has demonstrated both strength and security. Just needs to improve ease of use.

Anything else is just window dressing. Third party developers will solve a lot of the issues.

Cluster2k

legendary

Activity: 1692

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I converted my litecoins to bitcoins while they were still worth something decent. The way I see it is that litecoin has a much higher chance of being worth zero than bitcoin. Going by mainstream media, hardly a week goes by without bitcoin being mentioned in newspapers, radio and TV broadcasts. I have heard dogecoin being mentioned a couple of times (primarily before the winter olympics) but litecoin? Never. It's a geeky plaything that had first mover advantage in altcoins.

While we maintain an active interest in bitcoin and altcoins, it's the general public who must adopt them and pump their private money into cryptocurrencies for them to keep increasing in value.

hodap

full member

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Cost of scrypt ASIC miners keep going down. It is expected to keep going down till December.

If there is no demand and no usage, you can expect the price to keep going down till year end.

TaunSew

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Wasn't LTC predominately held by people in East Asia?

If they're all dumping LTC then where's the money going? Practically every alternate is doing down at the moment.

virtfund

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As I see it, ltc has to find a reason to stay around. If it doesn't, it will die. If it does, maybe it hits the moon.

virtfund

sr. member

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As I see it, ltc needs to prove that it has a reason to stay around. If it doesn't, it will die. If it does. it could go to the moon.

Shattered

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Quote from: juicyjuice87 on August 12, 2014, 04:58:24 AM

Ltc was a sitting duck for some time now. At least it went out quick and fairly painless. Only a few stupid n00bs holding now

Pretty crazy how much it has lost in the last 60 days...
I guess you were right about it being a sitting duck.

Failing straight outta the sky now, with no parachute

juicyjuice87

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Ltc was a sitting duck for some time now. At least it went out quick and fairly painless. Only a few stupid n00bs holding now

EternalWingsofGod

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Quote from: AT101ET on July 14, 2014, 05:03:05 PM

Nothing is up with it. It's just following the same pattern that BTC took as it grew. It is maturing nicely, just has a few hurdles to get over. The only thing that's up with LTC is the moon Cheesy

(couldn't resist).

Someday it will be the coin of walmart
Bitcoin the coin of gold Grin

rikkejohn

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Quote from: Saigonsmokes on July 11, 2014, 08:57:43 AM

Quote from: darkota on July 09, 2014, 05:34:20 PM

Anyone who believes Litecoin will hold it's #2 position is deluded.

In real life, silver has properties that make it valuable, and which gold does not have.

Litecoin has Nothing that makes it valuable over Bitcoin, every feature litecoin has, Bitcoin has, so there is no point in Litecoin even existing anymore. It's just taking up unwanted space held by it's bagholders, they're only going to realize their bagholders once the price dives below $5 and never goes back up.

Ignore DARKOTA he is a troll who PUMPS and DUMPS - Look at his original thread here:

https://bitcointalk.org/index.php?topic=658541.100

Then look here:

https://bitcointa.lk/threads/litecoin-is-officially-dead.331214/page-5

Troll on indeed:

http://coinmap.org/
www.uselitecoin.com

This thread is starting to show the true TROLL: I have been PM'ing everyone in this thread, some have even joined the Litecoin Talk forum because of this troll so i actually think its ok his lies - everyone is being PM'd this:

'Litecoin is dead'

Look at the original thread - he has deleted more than 100 posts from people supporting Litecoin, he is a troll who pumps and dumps

https://bitcointa.lk/threads/litecoin-is-officially-dead.331214/

He is a sad individual indeed, and after viewing him on that video, I kind of get why he is twisted. Life didn't give him a great hand of cards, so Trolling is his only outlet.

He's deleted about 40 of my posts from his silly thread. Admittedly, most were reposts of the last post he deleted.

Strange little guy.

AT101ET

legendary

Activity: 3178

Merit: 1348

Nothing is up with it. It's just following the same pattern that BTC took as it grew. It is maturing nicely, just has a few hurdles to get over. The only thing that's up with LTC is the moon Cheesy

(couldn't resist).

Baitty

hero member

Activity: 532

Merit: 500

Currently held as collateral by monbux

These things happen from time to time with every single coin. Look at the history of Bitcoin and also LTC has done this in the past and recovered. Don't listen to the trolls LTC is probably one of the better alt coins and one of the first I think.

Saigonsmokes

sr. member

Activity: 334

Merit: 250

Quote from: darkota on July 09, 2014, 05:34:20 PM

Anyone who believes Litecoin will hold it's #2 position is deluded.

In real life, silver has properties that make it valuable, and which gold does not have.

Litecoin has Nothing that makes it valuable over Bitcoin, every feature litecoin has, Bitcoin has, so there is no point in Litecoin even existing anymore. It's just taking up unwanted space held by it's bagholders, they're only going to realize their bagholders once the price dives below $5 and never goes back up.

Ignore DARKOTA he is a troll who PUMPS and DUMPS - Look at his original thread here:

https://bitcointalk.org/index.php?topic=658541.100

Then look here:

https://bitcointa.lk/threads/litecoin-is-officially-dead.331214/page-5

Troll on indeed:

http://coinmap.org/
www.uselitecoin.com

This thread is starting to show the true TROLL: I have been PM'ing everyone in this thread, some have even joined the Litecoin Talk forum because of this troll so i actually think its ok his lies - everyone is being PM'd this:

'Litecoin is dead'

Look at the original thread - he has deleted more than 100 posts from people supporting Litecoin, he is a troll who pumps and dumps

https://bitcointa.lk/threads/litecoin-is-officially-dead.331214/

Topic: Whats up with LTC? (Read 5510 times)