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Why aren’t there any mention of highly popular alt-coins like Litecoin? It’s less volatile for real use as a fiat alternative and transaction speeds are a lot f

by 1-6 6y ago

Why aren’t there any mention of highly popular alt-coins like Litecoin? It’s less volatile for real use as a fiat alternative and transaction speeds are a lot faster because of the low service fee to speed things up. I kinda regretted keeping funds in Litecoin but it was one of the first to fix Bitcoin’s shortcomings.

1337biz 6y ago
Litecoin is extremely under the radar right now. With the upcoming MimbleWimble integration it could become a privacy alternative to Monero.
- jiofih 6y ago
  An unsuspecting onlooker would be easily convinced that this comment is random babble generated by a bot.
  - ur-whale 6y ago
    To be fair, neither of you are providing any tangible, verifiable fact one way or the other. Is there a Mimblewimble / Litecoin integration effort? If so, I'd sure love to learn more about it. And if there isn't can you offer something in the way of a proof?
    - tromp 6y ago
      You can see the progress of the MWEB (MimbleWimble Extension Block) project here [1], headed by Grin++ [2] developer David Burkett. [1] https://litecoindotcom.medium.com/litecoin-mimblewimble-november-update-218f97fa0bf0 https://litecoindotcom.medium.com/litecoin-mimblewimble-nove... [2] https://grinplusplus.github.io/ https://grinplusplus.github.io/
      - ur-whale 6y ago
        TY
ur-whale 6y ago
Litecoin is extremely similar to Bitcoin. The fact that some of the currency's "fundamental constants" have been tweaked to make it slightly better for certain situations does not change the fundamentals. It's kind of like the multiplicative constants in algorithm complexity theory. And while there are many other alt-coins that claim to have solved the scalability problem while remaining truly decentralized, I have yet to see one actually deliver.
lumost 6y ago
alt-coins don't have the market depth of Bitcoin. Moving money in LTC will move the market, BTC is approaching institutional market depth.
- 1-6 6y ago
  I still question the early bag-holders of Bitcoin. Where are they and what do they do now? I think Litecoin came at a time when more people had an awareness of cryptocurrency, it's more democratized during the initial phases because of Scrypt and GPU's being the dominant mining tool at the time. ASICs shifted that balance again but I still have my doubts about who owns the majority of Bitcoin.
  - doopy1 6y ago
    Bag-holder usually has the connotation of holding a worthless asset, bitcoin is currently at an all time high.
    - arcticbull 6y ago
      The underlying asset is utterly worthless, for all the reasons posited here in the article and more — that people are willing to pay you for it doesn’t change that.
      - doopy1 6y ago
        Yes it does change that. If you can sell something for $29K you're not bag holding...
        arcticbull 6y ago
        Depends how long you hold it for.
        doopy1 6y ago
        Well yeah, exactly, you're not a bag holder until it's a bag of something worthless.
bluedaulphin 6y ago
Hey guys, y’all seem to know what y’all are talking about. Please give me a min of yalls time. My boss has been talking up Bitcoin SV to me for the past 2 years and he watches hours upon hours of podcast and YouTube videos (https://youtube.com/playlist?list=PLOqZWfHm-gzDyMoDGmPCJbBhghV9WBv_g https://youtube.com/playlist?list=PLOqZWfHm-gzDyMoDGmPCJbBhg...) that playlist is what he showed me that he watched. Anyways, he sort has convinced me.. I’ve done a little research but I’m not familiar with it as y’all seem to be. Is there any hope in BSV? my avg is 169.xx and I just wonder if this thing he told me about BSV being the only one that can “scale up” or whatever that is.. anyway any comments/tips are appreciated. Happy New Year!
- barnbuilder 6y ago
  No, BSV is hopeless because nobody wants anything to do with Craig S. Wright (Good summary here: https://bitcoinmagazine.com/articles/op-ed-how-many-wrongs-make-wright https://bitcoinmagazine.com/articles/op-ed-how-many-wrongs-m...). Also, if BSV had enough users to ever experience scaling, its network would be so centralized it would be like a new PayPal but with Craig's employer running the show. Not surprisingly, after 2 years this idea has not caught on at all and the value of BSV as a fraction of BTC continues to plunge to new lows. My suggestion is to get out of this scam immediately and stop listening to your gullible boss.

by 1-6 6y ago

1337biz 6y ago

Litecoin is extremely under the radar right now. With the upcoming MimbleWimble integration it could become a privacy alternative to Monero.

jiofih 6y ago
An unsuspecting onlooker would be easily convinced that this comment is random babble generated by a bot.
- ur-whale 6y ago
  To be fair, neither of you are providing any tangible, verifiable fact one way or the other. Is there a Mimblewimble / Litecoin integration effort? If so, I'd sure love to learn more about it. And if there isn't can you offer something in the way of a proof?
  - tromp 6y ago
    You can see the progress of the MWEB (MimbleWimble Extension Block) project here [1], headed by Grin++ [2] developer David Burkett. [1] https://litecoindotcom.medium.com/litecoin-mimblewimble-november-update-218f97fa0bf0 https://litecoindotcom.medium.com/litecoin-mimblewimble-nove... [2] https://grinplusplus.github.io/ https://grinplusplus.github.io/
    - ur-whale 6y ago
      TY

ur-whale 6y ago

Litecoin is extremely similar to Bitcoin. The fact that some of the currency's "fundamental constants" have been tweaked to make it slightly better for certain situations does not change the fundamentals. It's kind of like the multiplicative constants in algorithm complexity theory. And while there are many other alt-coins that claim to have solved the scalability problem while remaining truly decentralized, I have yet to see one actually deliver.

lumost 6y ago

alt-coins don't have the market depth of Bitcoin. Moving money in LTC will move the market, BTC is approaching institutional market depth.

1-6 6y ago
I still question the early bag-holders of Bitcoin. Where are they and what do they do now? I think Litecoin came at a time when more people had an awareness of cryptocurrency, it's more democratized during the initial phases because of Scrypt and GPU's being the dominant mining tool at the time. ASICs shifted that balance again but I still have my doubts about who owns the majority of Bitcoin.
- doopy1 6y ago
  Bag-holder usually has the connotation of holding a worthless asset, bitcoin is currently at an all time high.
  - arcticbull 6y ago
    The underlying asset is utterly worthless, for all the reasons posited here in the article and more — that people are willing to pay you for it doesn’t change that.
    - doopy1 6y ago
      Yes it does change that. If you can sell something for $29K you're not bag holding...
      - arcticbull 6y ago
        Depends how long you hold it for.
        doopy1 6y ago
        Well yeah, exactly, you're not a bag holder until it's a bag of something worthless.

bluedaulphin 6y ago

Hey guys, y’all seem to know what y’all are talking about. Please give me a min of yalls time. My boss has been talking up Bitcoin SV to me for the past 2 years and he watches hours upon hours of podcast and YouTube videos (https://youtube.com/playlist?list=PLOqZWfHm-gzDyMoDGmPCJbBhghV9WBv_g https://youtube.com/playlist?list=PLOqZWfHm-gzDyMoDGmPCJbBhg...) that playlist is what he showed me that he watched. Anyways, he sort has convinced me.. I’ve done a little research but I’m not familiar with it as y’all seem to be. Is there any hope in BSV? my avg is 169.xx and I just wonder if this thing he told me about BSV being the only one that can “scale up” or whatever that is.. anyway any comments/tips are appreciated. Happy New Year!

barnbuilder 6y ago
No, BSV is hopeless because nobody wants anything to do with Craig S. Wright (Good summary here: https://bitcoinmagazine.com/articles/op-ed-how-many-wrongs-make-wright https://bitcoinmagazine.com/articles/op-ed-how-many-wrongs-m...). Also, if BSV had enough users to ever experience scaling, its network would be so centralized it would be like a new PayPal but with Craig's employer running the show. Not surprisingly, after 2 years this idea has not caught on at all and the value of BSV as a fraction of BTC continues to plunge to new lows. My suggestion is to get out of this scam immediately and stop listening to your gullible boss.