Topic: Will LTC make it or BTC be the lone king? (Read 2563 times)

LTC advantages are the quicker transaction speeds, the larger number in circulation and its scrypt mining process.

The other major advantage is that is hasn't become a byword for everything that is bad about crypto currency!

That is one of the advantages of being 2nd in the market, you learn from your competitor what not to do!

From any outsider/newbie's point of view, BTC, LTC, and all the scamcoins are basically equivalent.

BTC has a small (~2 year) head start on vendor acceptance.  That's all.

Here is my problem with this logic.  Yes LTC could expand way more growth wise.  However that is because LTC hasn't grown much in comparison to BTC.  Small current growth doesn't inherently beget more and more growth in the future.  By that logic the coin with the least growth has the most room to grow and should be the best investment ever!  Right?  Well sometimes that is the case, but it's usually riskier and short lived.

Sure if something changes and LTC value skyrockets it will take much less increase in total valuation to, say, double the worth per your LTC than BTC.  The key phrase there is if something changes.  There doesn't seem to be a whole lot going on for Litecoin that makes me believe it will long term outpace growth and adoption of BTC.

I think LTC has some speculative value in that many people like to diversify their crypto currency holdings somewhat.  However in this case it's likely people will hold larger valuations in BTC and diversify some smaller portions in other coins.  I believe this is also why Litecoin value dips along with BTC, it's not invested in so much as a separate economy or due to it's utility.

I also believe when/if the time comes for the public to start using crypto currencies, the hurdle to BTC will be large and difficult enough.  If you pile on making people track and choose what coin is accepted where it will be just that much more confusing.  People will gravitate to what is easiest and most developed for normal use.

In short I do think there are speculative opportunities to make money with LTC.  I also don't think it's a bad thing to have Litecoin around in general.  I just see no evidence that LTC will outpace, catch up to and surpass BTC in popularity and adoption.  Who knows though maybe it will surprise me.

the only thing i think we should delete this kind of topic. we have discussed this topic many times it only leads to flame between people who support and who are not

this may create a second bubble for litecoin, and frankly I am holding my meager collection of LTC to see how the ASIC wave and possible inclusion in bigger exchanges pans out. However, unless LTC gets some more infrastructure it wont last. I know there are a few devs working, and a scant few businesses that accept it, but you could say the same for BTC 2 years ago. I do own a few LTC and it is few enough that if it falls flat idgaf but if it succeeds I can take my wife and daughter out for a nice dinner after I cash out. I wholly agree with the "not innovating, just imitating" argument, but I fully understand the power of greed and latecomers desire to get in on a possible second wave with a less expensive investment. The silver analogy fits pretty good. although over 80% of all silver is used industrially, and i'm pretty sure 99% of LTC is about speculation.

The advantage i`ll think will see when asic`s gone to work with their fool power, i believe so.

Yea that amount (BTC) is for 13 txs that took place in the last 10 hours.
Not bad imho.

It seems they change the addresses daily for privacy/legality reasons.

I only checked the Bitcoin address, but notice that all transactions into that address happened today.

Total Received   213.3924135 LTC    0.50658917 BTC  

Yea the big QR codes!Looks like btc/ltc works for tpb.

What advantages are those?

I seriously want to know.

great analogy

Please stop making relative posts to the alt currency section.  This section is used to promote CNC2(chuck norris coin obviously) and other highly attractive alternatives to BTC.

LTC has been gaining ground on BTC since its inception and has key technical advantages

I would say LTC is (1) entrenched and (2) gaining ground.  I don't think BTC advocates have much, yet, to worry about but they should keep on eye on LTC.

LTC is not silver to Bitcoin's Gold but, rather, is Android to Bitcoin's iOS.  We'll see how it plays out.

Oh btw notice something?

http://thepiratebay.sx/

Let me see if I understand.

Litecoin is valuable because it's something you can buy/sell for bitcoins that has all the same properties as bitcoins?

People often make the abstract argument that if Bitcoin was somehow "shutdown" by governments, the idea of cryptocurrencies would already be out of the bag (and impossible to stop). For me, Litecoin is a pretty concrete implementation of this point. The very existence of a functioning Litecoin economy might discourage governments from even trying to shutdown "Bitcoin" because the futility of the effort is more obvious.

And it's the same with Litecoin!

Frank and Helen want to break the chain of ownership. Frank controls address A with money and a new address C. Helen controls address B with money and a new address D.
Whether they're trading bitcoins for bitcoins, litecoins, BBQCoins, colored coins on the Bitcoin network, whatever, as long as they're both objects on a public blockchain, the information possessed by an attacker is:
A transferred coins to D.
B transferred coins to C.

Unless there's some other use for litecoin here, it has added nothing in terms of security or safety.

Then trade for gold rounds. Trade for literally anything physical. None of that stuff is on a blockchain. That still gives data miners less information than trading LTC for BTC.

Normally BTC should easily hit 5K within a couple years at current rate. the issue is will the government and banks stop it, or impose such fear its not worth for average Joe to use it

+1