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Yes, LTC went up 10x in the same timespan that almost every reasonable coin went up 10x. That says nothing about the fundamentals of LTC. LTC simply has no valu
by hackinthebochs 9y ago
Yes, LTC went up 10x in the same timespan that almost every reasonable coin went up 10x. That says nothing about the fundamentals of LTC. LTC simply has no value proposition after segwit on bitcoin and the alt coin rennaisance.
- nosuchthing 9y agoBTC is susceptible to ASIC attacks which has inevitably lead to the network being taken over by custom hardware producers. LTC and other coins use more resilient algos like script to prevent that type of network compromise.
- slededit 9y agoThere are LTC ASICs out too. LTC itself was crippled by wanting to be "cache friendly" on the CPU so its memory usage is actually relatively small.
- kbaker 9y agoThere are scrypt ASICs for Litecoin as well. Anything that can be computed, will be centralized and moved to the place with the cheapest power and the loosest regulations...