Will Bitcoin end up just like Litecoin?

Wekkel

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yes

Quote from: KJO on September 12, 2014, 04:58:03 PM

I agree that LTC offers little innovation however they are an established brand deeply entrenched in the history of crypto and will destroy its alltime high when the bull regains traction.

There is a reason why so many traders prefer LTC. The volume is still incredible on virtually every exchange and the least risk of any altcoin.

LTC will go past $100 next bubble easily despite the advent of asics.

Death of LTC not gonna happen.

This (and $100 could be very conservative, depending on how far Bitcoin will go).

FUR11

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FURring bitcoin up since 1762

Quote from: thms on August 26, 2014, 08:34:36 AM

Litecoin is pretty much dead.

What are the chances of bitcoin becoming just like litecoin?

No, Litecoin just hasn't anything vastly superior to offer. Bitcoin just has the most exposure and traction in the general public. Litecoin just suffered from everyone going back to the real cryptocurrency - Bitcoin!

KJO

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I agree that LTC offers little innovation however they are an established brand deeply entrenched in the history of crypto and will destroy its alltime high when the bull regains traction.

There is a reason why so many traders prefer LTC. The volume is still incredible on virtually every exchange and the least risk of any altcoin.

LTC will go past $100 next bubble easily despite the advent of asics.

Death of LTC not gonna happen.

gog1

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LTC died because of ASIC, there's nothing truly differentiates between LTC & BTC

BTC's got the first mover advantage. Don't see it being replaced by altcoins or the current so-call 2nd gen crypto at the moment.

leopard2

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There is room for one major player for each algorithm - so LTC and BTC should be fine.

Both can, of course, be replaced by something else but that is not very likely because there is major worldwide hashing hardware out there, for scrypt and sha256 but not for any of the other algos.

No1 threat to LTC was DOGE but now, DOGE is inflationary and LTC is not...

KarmaShark

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Got in and back out of LTC in 2013 when there was some serious BTC to be made. LTC may stick around however I would not hold a large percentage of crypto in there right now.

Febo

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Quote from: thms on August 26, 2014, 08:34:36 AM

Litecoin is pretty much dead.

What are the chances of bitcoin becoming just like litecoin?

Litcoin was designated to lose worth fast. Bitcoin have much more future left before that happens.

zimmah

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Quote from: exocytosis on August 27, 2014, 11:03:00 PM

Quote from: ensurance982 on August 26, 2014, 09:01:17 AM

It is the digital/crypto-currency and therefore will prevail.

Imagine living at the end of the 19th century:
"Horses are the mode of transportation, and therefore will prevail. Just ignore those fancy automobiles! They can't challenge horses as a means of transportation!"

actually, automobiles where the new mode of transportation and horses the old.

you are defending the dollar (old) versus bitcoin (new)

which one do you think will win, the old, or the new?

itsAj

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Quote from: nuff on August 27, 2014, 12:32:42 PM

Quote from: NamelessOne on August 27, 2014, 10:39:33 AM

Quote from: smoothie on August 27, 2014, 01:09:23 AM

Quote from: NamelessOne on August 26, 2014, 09:29:58 AM

The two aren't comparable. Bitcoin has earned its success through innovation, fundamentals, infrastructure all that. Litecoin has none of that and was just the 'me too, me too' coin riding Bitcoins coattails. Litecoin always was a ripoff shitcoin that had zero innovation. It got the attention it did because of good marketing 'silver to bitcoins gold' and timing in particular with the last bubble. I personally hope it dies the death it deserves as people flock to truly innovative altcoin whatever that might be.

Wow you sound pretty butthurt. People like you were spewing the same BS back in 2011 when LTC launched, then 2012, and then 2013...

Now we are in 2014...no difference. lol Roll Eyes

Butthurt? No I’m not butthurt for evaluating litecoin when it first appears and simply putting more money into bitcoin. I was one of those people in 2011, then 2012, and then 2013... and now here in 2014. It has zero innovation, that can't be argued. Litecoin made some people good money, in some cases huge money, maybe it will make more people even more money. Good for them, they saw that opportunity from the marketing. Even I thought it was great marketing and could lead to a ‘me too’ coat tails chase. But the lack of innovation, the carbon copying of bitcoin, killed any interest on my part. The fundamentals were never there and still aren’t.

I have a keen interest in the innovative alts, but I don't like seeing garbage succeed.

Litecoin is, from a technical point of view, better than Bitcoin. Faster transaction confirmation for example. But how cryptocurrencies work is the one with the first mover advantage will always be most valuable, because that's just how cryptocurrencies work. When you mine any coin for that matter, it's always easier and more to mine early than it is late

Fast confirmation time is not necessarily a good thing. It means there is likely a much higher orphan rate and is much easier to mine enough blocks to make your chain longer then the longest chain accepted by the network. This essentially means that an unconfirmed TX with BTC is more secure then a 1 confirm TX with LTC.

wasserman99

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Quote from: Cluster2k on August 28, 2014, 09:54:50 AM

Litecoin has become a pure commodity play. A trading toy for daytraders to see how much profit they can extract from other other. Its value is swinging so violently now that I can't see any merchant glancing in litecoin's direction and thinking 'hmm, I think I'll price goods in something that changes value by 20% almost daily'.

At least there are businesses that take bitcoin payments. Litecoin only business are basically non existent.

There are some businesses that are starting to accept LTC, but they are very few. LTC is also much less secure then BTC is as it's network hashrate is much lower.

I do agree with you that LTC (like all other alts) are nothing more then a speculative play for traders as they add nothing of value that bitcoin does not provide.

Ayers

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Leading Crypto Sports Betting & Casino Platform

no way, litecoin, was not even the second one, just a pure clone, with a good name i must admit, those two combinations let it go far

thegold

member

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Merit: 100

Quote from: piramida on August 27, 2014, 01:59:46 PM

Quote from: thegold on August 27, 2014, 01:00:30 PM

it's just a balancerrr.... in one side there is a man and the other side there is a womannnn...

no, correct comparison would be - one side there is a man and the other side there's a piece of gum stuck to his shoe.

thank you for correct comparison,..

my grammar is not good...
XD
but i want to learn english to get BTCBTCBTCBTCBTC Cheesy

hahaha

giveBTCpls

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Merit: 250

Litecoin was a fork from Bitcoin that offered nothing, I reckon most of the interest was thanks to the google guy being involved. If it was a random dev, no one woulda given a fuck about Litecoin in the first place. Coin is doomed I think.

kireinaha

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Bitcoin is too big to fail! I think I've heard that before somewhere.

Justine

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Quote from: thew3apon on August 28, 2014, 08:31:33 AM

People no longer accept litecoin, they accept darkcoin instead.

You have an example on who accept litecoin and then later replace it with darkcoin?

Not that the answer is important, but both coins are going to disappear not too distance into the future.

Wekkel

legendary

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Merit: 1531

yes

Because people always like charts. Moar chartzzz

botany

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Quote from: nuff on August 26, 2014, 11:24:02 AM

Quote from: drawingthesun on August 26, 2014, 11:11:19 AM

Quote from: nuff on August 26, 2014, 10:54:54 AM

Quote from: drawingthesun on August 26, 2014, 10:50:40 AM

Quote from: nuff on August 26, 2014, 10:34:52 AM

Bitcoin IS the concept of cryptocurrency in itself, so if Bitcoin dies, so will all other altcoins and the whole idea of cryptocurrency.

This is only true if the reason Bitcoin dies being because of a reason that is applicable to all of the CryptoCoins. The main force here would be Government opposition.

However, it's not inconceivable to imagine a scenario where Bitcoin fails due to another coin winning over the market due to some feature that Bitcoin just does not have.

There is nothing that other coins can have that can't be implemented unto Bitcoin if the developers see it fit enough to do so.

I disagree, the Bitcoin core development team are careful, their product is responsible for billions of dollars in wealth. They are not going to implement features to compete with other coins in a timely manner.

To show an analogy, see Silicon valley and its startup culture. Quite often smaller, more nimble companies are able to fight and sometimes even ruin much larger, much better resourced companies.

Actually, come to think of it, developers aren't really relevant at all. What made Bitcoin the only one there is is because of its first mover advantage. That's just how deflationary products work, the earlier you are, the more valuable you become.

I wouldn't go so far to call the developers irrelevant. We once had almost 92 Bn BTC. If developers are lax, such things can happen. Grin

That time someone hacked 92 billion BTC into existence

On 8th August 2010 bitcoin developer Jeff Garzik wrote what could be mildly described as the biggest understatement since Apollo 13 told Houston: “We’ve had a problem here.”

“The ‘value out’ in this block is quite strange,” he wrote on bitcointalk.org, referring to a block that had somehow contained 92 billion BTC, which is precisely 91,979,000,000 more bitcoin than is ever supposed to exist.

CVE-2010-5139 (CVE meaning ‘common vulnerability and exposures’) was frighteningly simple and exploited to the point of farce by an unknown attacker. In technical language, the bug is known as a number overflow error.

realbtcdealers4real

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No Can't do. Bitcoin is the to go crypto reference, it will never, never die. Universe will explode with BTC cool and alive.

Cluster2k

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Litecoin has become a pure commodity play. A trading toy for daytraders to see how much profit they can extract from other other. Its value is swinging so violently now that I can't see any merchant glancing in litecoin's direction and thinking 'hmm, I think I'll price goods in something that changes value by 20% almost daily'.

At least there are businesses that take bitcoin payments. Litecoin only business are basically non existent.

thew3apon

hero member

Activity: 784

Merit: 500

People no longer accept litecoin, they accept darkcoin instead.

Topic: Will Bitcoin end up just like Litecoin? (Read 4976 times)