kelsey



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LegendaryActivity: 1848Merit: 1000 Re: Litecoin v. Bitcoin March 02, 2015, 01:58:40 PM #101



i didn't just wake up one morning say hey I missed the btc boat i might go this litecoin, i didn't miss the bitcoin boat, i've just from the start found it a dog of a thing to use.



i started using litecoin because for my main crypto purpose ie trading; litecoin is simply the best crypto to use as your reserve, it has the consistent liquidity over all the other alts, and you can move it around so so much more easily then bitcoin., adding to that from the start with bitcoin there's been many an unusable core client.



litecoins going to be trading with decent liquidity long into the future because us traders are going to keep using it, most the anti litecoin FUD crowd are bitcoin hoarders or simply the 'there can only be one' alt crowd pushing their $20 worth of scamcoin



......so really they have little influence over the market.....despite plaguing the forum mindlessly with their bitcoin is best or litecoins not innovative FUD





traders rock i swear most if not all of the bitcoin is the best crowd there is no need for litecoin or other alts, simply must not ever use bitcoin themselvesi didn't just wake up one morning say hey I missed the btc boat i might go this litecoin, i didn't miss the bitcoin boat, i've just from the start found it a dog of a thing to use.i started using litecoin because for my main crypto purpose ie trading; litecoin is simply the best crypto to use as your reserve, it has the consistent liquidity over all the other alts, and you can move it around so so much more easily then bitcoin., adding to that from the start with bitcoin there's been many an unusable core client.litecoins going to be trading with decent liquidity long into the future because us traders are going to keep using it, most the anti litecoin FUD crowd are bitcoin hoarders or simply the 'there can only be one' alt crowd pushing their $20 worth of scamcoin......so really they have little influence over the market.....despite plaguing the forum mindlessly with their bitcoin is best or litecoins not innovative FUDtraders rock

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Hero MemberActivity: 658Merit: 500 Re: Litecoin v. Bitcoin March 02, 2015, 03:48:17 PM #105 Quote from: gambit1 on March 02, 2015, 03:30:39 PM I second this. Can anyone explain the hate?



I have no hate for litecoin, it just lacks relevance. I used to mine and support litecoin. There was only one defining characteristic which set it apart and now that is mostly irrelevant. Litecoin mining is more centralized due to Scrypt ASICs removing the central benefit of decentralized GPU mining which allowed for the average user to contribute and development is at a standstill with the lead developer not being interested in improving the code or adding more features.





* It confirms 4 times faster. Is of no consequence because in reality you need instant approvals for most purchases.



* It allows one to diversify one's cryptocurrency holdings without going into the lunatic fringe of the more obscure alt-coins. If I am going to invest in an alt or digital asset I would want to support a project that has unique features that cannot be found in bitcoin and won't be found within bitcoin in the near future.



* As the price of litecoin has fallen some value has crept in. The community and infrastructure surrounding litecoin may not be great but its not nothing either. The same could be said concerning any other worthless alt.



* Litecoin transactions sound reasonable. 1 coin for 1 sandwhich, not 0.01 coins for a sandwhich. A 5 dollar sandwich = 20millibits.



* The litecoin community is less stratified into haves and have nots. It wasn't pre-mined in the same way as a lot of alts and doesn't seem to have as many as the same early adopter whales (many such people will frankly have been wiped out). Is this an assumption? Where can I see a breakdown of the distribution rates?



* Under-development can mean opportunity. Ask investors in China. There are opportunities in litecoin which have already been taken in bitcoin. The same could be said concerning any other worthless alt.





* Its not true that nobody is starting to accept litecoin: The point is that merchant acceptance of litecoin is pathetic compared to bitcoin and basically at a standstill with little prospect in sight. I have no hate for litecoin, it just lacks relevance. I used to mine and support litecoin. There was only one defining characteristic which set it apart and now that is mostly irrelevant. Litecoin mining is more centralized due to Scrypt ASICs removing the central benefit of decentralized GPU mining which allowed for the average user to contribute and development is at a standstill with the lead developer not being interested in improving the code or adding more features.* It confirms 4 times faster.* It allows one to diversify one's cryptocurrency holdings without going into the lunatic fringe of the more obscure alt-coins.* As the price of litecoin has fallen some value has crept in. The community and infrastructure surrounding litecoin may not be great but its not nothing either.* Litecoin transactions sound reasonable. 1 coin for 1 sandwhich, not 0.01 coins for a sandwhich.* The litecoin community is less stratified into haves and have nots. It wasn't pre-mined in the same way as a lot of alts and doesn't seem to have as many as the same early adopter whales (many such people will frankly have been wiped out).* Under-development can mean opportunity. Ask investors in China. There are opportunities in litecoin which have already been taken in bitcoin.* Its not true that nobody is starting to accept litecoin: Cloudmining 101: Identifying scams Secure your Bitcoins Bitcoin only Directory

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Hero MemberActivity: 574Merit: 500 Re: Litecoin v. Bitcoin March 02, 2015, 06:14:20 PM #107



The OP uses an altcoin name, in the title no less therefore it should be banished from the sight of all BTC users to keep the forum pure.



I thought they were the rules? "No mention of altcoins around bitcoiners" How has this thread stayed in the main BTC section for so long?The OP uses an altcoin name, in the title no lesstherefore it should be banished from the sight of all BTC users to keep the forum pure.I thought they were the rules? "No mention of altcoins around bitcoiners"

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LegendaryActivity: 868Merit: 1001 Re: Litecoin v. Bitcoin March 02, 2015, 07:03:55 PM #110 Quote from: gambit1 on March 02, 2015, 03:30:39 PM I second this. Can anyone explain the hate?

Probably a lot of people lost money with Litecoin which is result you get a lot of hate towards it. Tons bought at 40 dollar a coin thinking we could go 400, then the crash happened. It's the same as gold guys that hate on silver. Probably a lot of people lost money with Litecoin which is result you get a lot of hate towards it. Tons bought at 40 dollar a coin thinking we could go 400, then the crash happened. It's the same as gold guys that hate on silver.

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LegendaryActivity: 2870Merit: 1504lose: unfind ... loose: untight Re: Litecoin v. Bitcoin March 02, 2015, 07:56:27 PM #114 Quote from: kelsey on March 02, 2015, 01:58:40 PM litecoin is simply the best crypto to use as your reserve, it has the consistent liquidity over all the other alts, and you can move it around so so much more easily then bitcoin.,



What exactly do you mean that one can 'move litecoin around more easily than bitcoin'?



Quote from: kelsey on March 02, 2015, 01:58:40 PM adding to that from the start with bitcoin there's been many an unusable core client.



Are you claiming here that litecoin has a better core client than does bitcoin? Example, please?



---



My 'hate' for litecoin is nothing new. Years ago, I pointed out that the existence of even a single alt devalues a primary use case for driving bitcoin adoption - that of provable levels of currency inflation for crypto. The naysayers have a point that the existance of more than one cryptocurrency devalues the entire concept. What exactly do you mean that one can 'move litecoin around more easily than bitcoin'?Are you claiming here that litecoin has a better core client than does bitcoin? Example, please?---My 'hate' for litecoin is nothing new. Years ago, I pointed out that the existence of even a single alt devalues a primary use case for driving bitcoin adoption - that of provable levels of currency inflation for crypto. The naysayers have a point that the existance of more than one cryptocurrency devalues the entire concept. Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.



I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.

kelsey



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LegendaryActivity: 1848Merit: 1000 Re: Litecoin v. Bitcoin March 02, 2015, 11:34:04 PM #115 Quote from: jbreher on March 02, 2015, 07:56:27 PM My 'hate' for litecoin is nothing new. Years ago, I pointed out that the existence of even a single alt devalues a primary use case for driving bitcoin adoption - that of provable levels of currency inflation for crypto. The naysayers have a point that the existance of more than one cryptocurrency devalues the entire concept.



i've been saying for years the only thing good to come out of cryptocurrencies (including bitcoin) todate is the idea.



outside of trading I see little use for any cryptocurrencies. and tradings what currently gives bitcoin its value, so if it wasn't for the alts alot less people would trade bitcoin.



i do half agree (if talking use as a curreny) though with "even a single alt devalues a primary use case for driving bitcoin adoption" especially if that alt works better then bitcoin, but then who likes monopolies.



i've been saying for years the only thing good to come out of cryptocurrencies (including bitcoin) todate is the idea.outside of trading I see little use for any cryptocurrencies. and tradings what currently gives bitcoin its value, so if it wasn't for the alts alot less people would trade bitcoin.i do half agree (if talking use as a curreny) though with "even a single alt devalues a primary use case for driving bitcoin adoption" especially if that alt works better then bitcoin, but then who likes monopolies.

kelsey



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LegendaryActivity: 1848Merit: 1000 Re: Litecoin v. Bitcoin March 02, 2015, 11:43:13 PM #116 Quote from: jbreher on March 02, 2015, 07:56:27 PM What exactly do you mean that one can 'move litecoin around more easily than bitcoin'?



intra exchange trading. send litecoin, then send bitcoin, you'll see, opportunity costs.



Quote from: jbreher on March 02, 2015, 07:56:27 PM Are you claiming here that litecoin has a better core client than does bitcoin? Example, please?



admittedly its my own anecdotal evidence (which is part of why I questioned do those who are pro bitcoin actually use bitcoin)., but yeah many versions of bitcoin have been very unstable on various pc's I own, and the last few clients I've used (not the latest as I gave up a few clients back) have failed to work on my macs.



never had any problems with any litecoin client i've tried.



i only use core clients.







intra exchange trading. send litecoin, then send bitcoin, you'll see, opportunity costs.admittedly its my own anecdotal evidence (which is part of why I questioned do those who are pro bitcoin actually use bitcoin)., but yeah many versions of bitcoin have been very unstable on various pc's I own, and the last few clients I've used (not the latest as I gave up a few clients back) have failed to work on my macs.never had any problems with any litecoin client i've tried.i only use core clients.

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Full MemberActivity: 151Merit: 100 Re: Litecoin v. Bitcoin March 03, 2015, 02:09:46 PM #117 go with litecoin.

litecoin has much more upside potential than bitcoin. in terms of "folding".

litecoin blockhalving is also coming. which will cause another speculation/buble.

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LegendaryActivity: 2310Merit: 1249 Re: Litecoin v. Bitcoin March 03, 2015, 03:05:03 PM #118 Personally I just bought a well priced Thunder X3 and am using it for a nice heater, I decided I need to diversify my holdings a small bit and keeping all the coins mined by it as LTC not BTC. Sure it's not a lot but a couple LTC a day.