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Isn't litecoin also better than bitcoin on the technical side, with very few changes? I think Monero failed at the name. Bitcoin's name is self defining to som
by Covzire 6y ago
Isn't litecoin also better than bitcoin on the technical side, with very few changes?
I think Monero failed at the name. Bitcoin's name is self defining to some degree which I think helped make it gain a lot of popularity. It's also impersonal, bits and coins, there's no real branding there to get twisted up with. When people first hear "bitcoin" they already have constructs in their head about bits and coins and it elicits free advertisement as the imagination tries to create a working theory on what a bitcoin is.
Monero makes me think of some kind of failed sports car nobody has ever heard of. I'm not counting it out, but if it's really better on the technical side then it needs some prominent evangelists spreading its use.
- BTCOG 6y agoLitecoin is literally a fork of Bitcoin with the hashing algo switched to Scrypt and made by Charlie Lee (which was hardened against ASICs mining) with a 4x supply release, and which ironically became mined primarily by custom Scrypt ASICs only. Whatever in the world would make you say "Isn't Litecoin better than Bitcoin?"
- Covzire 6y agoOne of the purposes for it was to allow faster and cheaper transactions which it arguably does.