Will Bitcoin end up just like Litecoin? - page 4.

ThatDGuy

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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?

I think the chances of Bitcoin dying exist, but grow smaller with each passing day of improving infrastructure and vested interest.

nuff

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Cryptocurrency is still very much at its infancy. In fact some may even see it still at its conception stage, with Bitcoin being the proof of concept that the idea of cryptocurrency can work. But if the concept of cryptocurrency can work and gets accepted, Bitcoin will still be the at the forefront for the very simple fact that all other altcoins are based on Bitcoin in terms of value. Bitcoin IS the concept of cryptocurrency in itself, so if Bitcoin dies, so will all other altcoins and the whole idea of cryptocurrency.

Wandererfromthenorth

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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.

Exactly, LTC is garbage.

spazzdla

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BTC jumps from .1 to $30 to $2.. did it die?

That is all.

Ayers

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Quote from: bitcon on August 26, 2014, 08:39:35 AM

actually ltc is performing better than btc at the moment. if btc was keeping up with ltc it would be at $550 instead of $508.

wow awesome calculation, from where you got those numbers? this mean that bitcoin is falling more than litecoin, it makes sense because litecoin is only falling(in a serious way) since the asic entrance, which is this year

ensurance982

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Trust me!

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.

It was merely an experiment. It tackled two of the main things criticized when it comes to Bitcoin: PoW algorithm and confirmation time. As it become apparent, that those two things aren't that big a point of failure as though (and Scrypt ASICs are also emerging) it became less unique. And if we really should opt for another currency, we might go for another altcoins to begin with!

NamelessOne

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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.

TheJohn

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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?

I don't think it will, Bitcoin is like the main of crypto and litecoin is just one of the alt-coins..

ensurance982

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No, the infrastructure is much better and Bitcoin still has the biggest exposure. It is the digital/crypto-currency and therefore will prevail. I think it is highly unlikely that Bitcoin goes bust and another coin will "survive". If the crypto game goes well, Bitcoin will stay afloat, too!

tarmi

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like I said, ltc is performing better because ltc market is very illiquid.

and yea, I think ltc is pretty much dead.

Gargulan

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Unlikely to happen as people have invested hundred of millions into the whole ecology system.

Bitcoin has more than a dozen big exchanges all around the world and two payment processing companies to support the payment system.

The mining network alone has more than 4-5 big ASIC producers and horde of miners to support the network security.

California already legalize its usage. New York is making rules to regulate it.

None of the other coin share the same kind of support and has as large support base as bitcoin has.

bitcon

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actually ltc is performing better than btc at the moment. if btc was keeping up with ltc it would be at $550 instead of $508.

thms

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Litecoin is pretty much dead.

What are the chances of bitcoin becoming just like litecoin?

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