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Why Litecoin? The bitcoin fork that added nothing and who's creator cashed out at the 2017/2018 peak? Source code is still up, nothing has really happened ther

Why Litecoin? The bitcoin fork that added nothing and who's creator cashed out at the 2017/2018 peak? Source code is still up, nothing has really happened there in a long time: > This branch is 227 commits ahead, 10838 commits behind bitcoin:master.

tokai 5y ago
Maybe they have some Litecoins knocking around they want to pump.
- smoldesu 5y ago
  If I had to guess, it's absolutely, 100% this. Litecoin has an immense potential to rally right now, and I frankly wouldn't be surprised if some investing firms were starting to recommend buying the dip on 'pedigree' coins like Litecoin or Ether. As long as you sell at the right time, it's effectively a money printer.
kloch 5y ago
Litecoin is fast and cost efficient compared to BTC. I used to use LTC to send funds between exchanges before USDCoin was supported. I never trusted Tether. There are other coins that are faster and more efficient but they don't have the universal support and large market cap like LTC.
- chc4 5y ago
  Lots of altcoins are fast and cost efficient. The reason they are, though, is because no one uses them, so none of the blocks are full and thus there's no competition to make your transaction in via fees/tips. It's the same way that tons of altcoins claim they scale 10x better than Ethereum because they only have 1/100th the volume.
retrac 5y ago
Probably for the same reasons why Litecoin was designed over Bitcoin. Transactions are posted faster and it has more transaction capacity per second. Bitcoin is inherently transaction-limited (as is Litecoin and all currencies designed in Bitcoin's image). One megabyte per block. Six blocks per hour. Approximately. That works out to about 1 - 2 transactions per second in practice, on average. For about four years it has almost constantly been maxed out for transactions-per-second. The surplus are shed by making them too expensive via the transaction pricing mechanism. Generally, transaction fees to send Bitcoin remain reasonable for large purchases (typically 0.10 - 1 USD) but during times of congestion the fee pricing mechanism can lead to prices as high as $50 to get a transaction in the next few blocks reliably. While such periods are generally very temporary at a day or two long, it does tend to scandalize and upset newcomers, understandably. Litecoin's design has more inherent TPS capacity, it isn't already at its TPS limit as it isn't as popular, and it confirms blocks faster. It's generally more suitable for lots of small, low-value transactions in a retail setting. It also has the most infrastructure around it for any cryptocurrency besides Bitcoin and Ethereum.

tokai 5y ago

Maybe they have some Litecoins knocking around they want to pump.

smoldesu 5y ago
If I had to guess, it's absolutely, 100% this. Litecoin has an immense potential to rally right now, and I frankly wouldn't be surprised if some investing firms were starting to recommend buying the dip on 'pedigree' coins like Litecoin or Ether. As long as you sell at the right time, it's effectively a money printer.

kloch 5y ago

Litecoin is fast and cost efficient compared to BTC. I used to use LTC to send funds between exchanges before USDCoin was supported. I never trusted Tether. There are other coins that are faster and more efficient but they don't have the universal support and large market cap like LTC.

chc4 5y ago
Lots of altcoins are fast and cost efficient. The reason they are, though, is because no one uses them, so none of the blocks are full and thus there's no competition to make your transaction in via fees/tips. It's the same way that tons of altcoins claim they scale 10x better than Ethereum because they only have 1/100th the volume.

retrac 5y ago

Probably for the same reasons why Litecoin was designed over Bitcoin. Transactions are posted faster and it has more transaction capacity per second. Bitcoin is inherently transaction-limited (as is Litecoin and all currencies designed in Bitcoin's image). One megabyte per block. Six blocks per hour. Approximately. That works out to about 1 - 2 transactions per second in practice, on average. For about four years it has almost constantly been maxed out for transactions-per-second. The surplus are shed by making them too expensive via the transaction pricing mechanism. Generally, transaction fees to send Bitcoin remain reasonable for large purchases (typically 0.10 - 1 USD) but during times of congestion the fee pricing mechanism can lead to prices as high as $50 to get a transaction in the next few blocks reliably. While such periods are generally very temporary at a day or two long, it does tend to scandalize and upset newcomers, understandably. Litecoin's design has more inherent TPS capacity, it isn't already at its TPS limit as it isn't as popular, and it confirms blocks faster. It's generally more suitable for lots of small, low-value transactions in a retail setting. It also has the most infrastructure around it for any cryptocurrency besides Bitcoin and Ethereum.