Topic: Why do they hate Litecoin? (Read 3763 times)

Litecoin survived the tough battles of its contemporary alt coins like, TBX,FBX,Liquidcoin,SolidCoin,devcoin etc and emerged victorious.So,its to be loved instead of hate. 

Simply not as fun

There really isn't a big reason to have too many cryptocurrencies.
It is much simpler for everyone to stick with a single one, no matter which one they pick.

personally the only reason i dislike litecoin is because I fell in love with bitcoin long ago and don't want to fall in love again  Plus I hold a healthy (unhealthy according to my girlfriend) amount of bitcoins. I've been thinking of picking up a few thousand litecoin just in case litecoin does become the de facto cryptocurrency one day.

I certainly wont be encouraging people I know to get involved with litecoin though. I plan to (havent gotten around to buying any yet) use litecoin only as a safety net and hoard it. I'm a bitcoin boy, and that's how i'm going to stay.

not trolling, just telling the truth here.

This ^ +1.

So many old timers here who think that BTC is untouchable because it is $13 or > $10. Oh no...what if it goes < $10.... LOL!

My guess is you will be able to pay with ltc all over the board, most places that accept btc can easily accept ltc as well. Ltc is young, wait one more year and see what happens.

Also, hedging against BTC or USD is in itself a valuable use. Speculation, supposedly so looked down on by many as not "a real use" is a use as well. Has everyone forgotten that Btc is just as much of a huge casino? BTC can drop like a stone any day and lose all of its value in one day. It isn't likely, but it is possible. Go look at posts in December 2011. Bitcoin was almost dead in the water at barely 2 USD per coin. Everyone suddenly disbelieved in it.

Nice to pick to believe in something only if it's doing well. Really wondering what will happen to all new btc enthusiasts when Asic hit and Btc falls back to 8 or even 5 USD.

yet same argument can be used against BTC by pointing to the number of merchants accepting Paypal.

I'm selling heirloom seeds for LTC

Now compare that to the thousands of merchants that accept BTC.

I certainly don't understand why people are "against" litecoin for whatever reasons, as fickle as they may be - "I hate it because of kids in a chat box on one site!"   

I like litecoin purely for the fact that I can easily and quickly exchange it with bitcoin, and as I've said in another post, by proxy that makes it as useful as bitcoin.  Most other currencies become a hassle to exchange due to regulations/AML/KYC/etc.  Also I consider it a hedge for people "investing" in crypto-currencies.  Don't put all your eggs in one basket.

There are also many other potential uses.  For instance, people concerned with anonymity could utilize a few hops between LTC/BTC chains to obfuscate a transaction trail.

but some people do spend LTC:
http://forum.litecoin.net/index.php/board,7.0.html

To further prove my point, if you pay LTC, I'd sell you a few silver bars at 10% discount comparing to what is priced in BTC:
  http://coinabul.com/silver/index.php/silver-sorted-by-weight/sunshine-minting-1-oz-bar.html

what do you think?

LiteCoin is (previous crypto currencies)

not innovative
a copy

For me it is a waste of time and money. 

No license is being violated.  There is lots of FUD in this thread.

I completely do. I don't buy BTC and hope that the value goes up, I buy BTC to spend.

Let me ask you this, what other reasons is there to buy LTC, other than hoping the value goes up?

Also, I'd just like to point out that I don't hate Litecoin, in fact I used to use it back when it was a true CPU chain & it was being accept for products/services, but now I honestly fail to see the point of it, I don't think there is a big enough market for altchains that directly compete with Bitcoin at the moment.

It is beyond retarded to hate inanimate object like a pile of code - in this case it's litecoin.

I think when people say they "hate Microsoft", what they really mean is they have understood what a pile of shit MS software really is and they disapprove business practises used buy Microsoft while selling (most of the time forcefully) their crap. Nothing wrong about "hating" scumbag companies and greedy fuckers who run them.

At the same time, nobody is force-feeding you the LTC code nor the concepts implemented in LTC. You are free to chose.
If you think LTC is just a 1:1 copy, you really need to spend 10 more min. reading about LTC. Sure, it's nothing revolutionary (or is it?), but LTC still has advantages over BTC, when it comes to usefulness in business environment.

Childish statements like "litecoin users are using it as a get-rich-quick scheme" are kinda funny. If you believe that BTC and LTC are different in that department, the you are just wrong.
Most people who mine any of those coins think only about the money. If LTC is a scam, BTC and all the rest are scams too - if same parameters for defining a "scam" are used. 
Same applies to "just buying and hoping the value goes up." - no difference at all. Gold anyone?

As of today, LTC is the only successful alt-coin - it's still alive (1y+), doing well and is getting ready for the big time.

As of now, there are 2 good alternatives to BTC - LTC and PPC.
If LTC implements some of the interesting ideas of PPC, we are probably going to have a winner (if it's even possible any more)

There will be many alternative coins down the road. You can be like some of the dim witted fucks around this forum and "hate them" with all you get... until you get a heart attack and keel over for good (please do it BEFORE! you procreate) LOL

Cheers!

You're right, so we aren't even in violation of any licensing agreements (I was sure there was some sort of license, apparently not),

i got cryptogold -> bitcoin

and

i got cryptosilver -> litecoin

and

some cryptocopper -> namecoin

happy mining
;-))

Actually as a standard published by the US government, SHA-256 is in the public domain. All government publications released to the public automatically enter the public domain.

Sure it uses SHA-256 which was developed by NSA, but so does EVERYTHING. Banks & fortune 500's use SHA-256, Facebook use SHA-256 for its password database, many Linux distro's store user password's using SHA-256, heck even the software that is running this forum (SMF) has an option to use SHA-256 to hash the password database & I would assume this is the option that is currently being used.

You're totally right about it being property of the US government & AFAIK you technically need a license to use it which obviously we don't have, that isn't a huge problem though, take a look at Linux, many distro's violate a bunch of software patents & licenses and nothing happens from it.


I'd love to know what you think it really means.

if litecoin is around and not picked up yet maybe that will make or break it