<<  >> (p.23)
    Author Topic: Litecoin v. Bitcoin  (Read 43693 times)

    • gentlemand
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    September 24, 2015, 08:08:04 PM
     #441
    Quote from: pilscoop on September 24, 2015, 06:46:03 PM
    Is it worth it to mine Litecoin right now?

    If you have the right machinery and cheap electricity why not? Lots of places to sell it and there are plenty of miners out there.

    Use this http://www.coinwarz.com/calculators/litecoin-mining-calculator to do your sums.

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    September 24, 2015, 10:30:38 PM
     #442
    Quote from: Agaguk24 on September 24, 2015, 07:43:36 AM
    It has several improvements, some of which are no longer relevant

    At the risk of stating the obvious, if a given feature is no longer relevant, then it is not an improvement.

    Quote
    but some advantages such as shorter block times are not negligeable.

    Most who trot out this canard have not yet learned that the block time is a tradeoff. Please convince me you are not among these uninformed.

    Quote
    So LTC IS better than BTC;

    So no. Maybe for some niche applications. Certainly not universally.

    Quote
    its just not as recognised.

    First unambiguously true thing you've said.

    Quote
    That being said, I am discovering other coins with many more innovations over both BTC and LTC...

    'Innovation' does not denote superiority. Indeed, in the vast majority of cases, the tried and true is superior to the innovative. Probably by the same principle that 95% of everything is shit. 'Innovative' might make you feel proud. In and of itself, 'innovative' does not win you markets.

    That said, upon occasion, innovation leads to greater utility. Show me a bigger innovation than Bitcoin. Please. Bitcoin introduced the central innovation of the blockchain - the grand innovation upon which almost all follow-on shitcoins depend.

    Quote
    so in terms of functionality these coins deserve an even better spot than the BTC.

    Deserve? Deserve!? Deseeeeerve!? We're talking about monetary systems here - not a feelgood Special Olympics Participation Medal.

    edit: fixed quoting
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  • knowhow
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    September 24, 2015, 10:42:06 PM
     #443
    One thing all know is that is very easy to make litecoin pump easy then bitcoin ,because its worth,and value ,i dont think there is several differences besides numbers and one be the king and the litecoin fighting with other to stay on top 10 currencies.

  • Agaguk24
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    September 25, 2015, 07:30:10 AM
     #444
    Innovation with recognition is what will triumph over BTC. BTC in its current form isnt quite usable - it was a great invention but now innovation must be allowed to continue. LTC isnt quite the coin to replace BTC, but LTC is technically superior to BTC.


    Quote from: jbreher on September 24, 2015, 10:30:38 PM
    Quote from: Agaguk24 on September 24, 2015, 07:43:36 AM
    It has several improvements, some of which are no longer relevant

    At the risk of stating the obvious, if a given feature is no longer relevant, then it is not an improvement.

    Quote
    but some advantages such as shorter block times are not negligeable.

    Most who trot out this canard have not yet learned that the block time is a tradeoff. Please convince me you are not among these uninformed.

    Quote
    So LTC IS better than BTC;

    So no. Maybe for some niche applications. Certainly not universally.

    Quote
    its just not as recognised.

    Innovation with recognition is what will triumph over BTC. LTC isnt it yet, but LTC is technically better than BTC.

    First unambiguously true thing you've said.

    Quote
    That being said, I am discovering other coins with many more innovations over both BTC and LTC...

    'Innovation' does not denote superiority. Indeed, in the vast majority of cases, the tried and true is superior to the innovative. Probably by the same principle that 95% of everything is shit. 'Innovative' might make you feel proud. In and of itself, 'innovative' does not win you markets.

    That said, upon occasion, innovation leads to greater utility. Show me a bigger innovation than Bitcoin. Please. Bitcoin introduced the central innovation of the blockchain - the grand innovation upon which almost all follow-on shitcoins depend.

    Quote
    so in terms of functionality these coins deserve an even better spot than the BTC.

    Deserve? Deserve!? Deseeeeerve!? We're talking about monetary systems here - not a feelgood Special Olympics Participation Medal.

    edit: fixed quoting

  • |Bitcoin|
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    September 25, 2015, 10:13:03 AM
     #445
    Litecoin is too risky. Bitcoin is the gold and if bitcoin fail, the silver litecoin will fail after bitcoin. If you have litecoin get some bitcoin too. Or get some bitcoin and no litecoin. Get it?

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    September 25, 2015, 10:51:28 AM
     #446
    your reply is not understand... if bitcoin is failed all alt coins will be a failed this correct 

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  • Herbert2020
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    September 25, 2015, 11:04:25 AM
     #447
    Quote from: |Bitcoin| on September 25, 2015, 10:13:03 AM
    Litecoin is too risky. Bitcoin is the gold and if bitcoin fail, the silver litecoin will fail after bitcoin. If you have litecoin get some bitcoin too. Or get some bitcoin and no litecoin. Get it?

    both of them are very risky investments, because bitcoin has swings in price too and is not yet stable. but i agree that if bitcoin were to fail for any reason then all other altcoins would fail miserably too. because nobody is going to look for a substitute for a failed technology. but this failing is not possible at least for the near future.
    Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
    Whales are those who keep buying the dip.

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    September 25, 2015, 02:04:59 PM
     #448
    Quote from: Herbert2020 on September 25, 2015, 11:04:25 AM
    Quote from: |Bitcoin| on September 25, 2015, 10:13:03 AM
    Litecoin is too risky. Bitcoin is the gold and if bitcoin fail, the silver litecoin will fail after bitcoin. If you have litecoin get some bitcoin too. Or get some bitcoin and no litecoin. Get it?

    both of them are very risky investments, because bitcoin has swings in price too and is not yet stable. but i agree that if bitcoin were to fail for any reason then all other altcoins would fail miserably too. because nobody is going to look for a substitute for a failed technology. but this failing is not possible at least for the near future.

    At least Ethereum and its clones have their own source code dependant from Bitcoin (I think) If Bitcoin fails, all other alt coins would fail, but Ethereum, Shift and Expanse might still be alive. Just my opinion  Roll Eyes
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  • chennan
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    September 26, 2015, 02:53:54 AM
     #449
    Quote from: Herbert2020 on September 25, 2015, 11:04:25 AM
    Quote from: |Bitcoin| on September 25, 2015, 10:13:03 AM
    Litecoin is too risky. Bitcoin is the gold and if bitcoin fail, the silver litecoin will fail after bitcoin. If you have litecoin get some bitcoin too. Or get some bitcoin and no litecoin. Get it?

    both of them are very risky investments, because bitcoin has swings in price too and is not yet stable. but i agree that if bitcoin were to fail for any reason then all other altcoins would fail miserably too. because nobody is going to look for a substitute for a failed technology. but this failing is not possible at least for the near future.

    I don't necessarily agree with you prediction that if bitcoin fails (which I highly doubt will happen any time soon), that other altcoins won't be able to make it because every coin "copies" bitcoin infrastructure.  There are a probably 3 or so good candidates that show a good new infrastructure that doesn't just copy bitcoins exact technology.  And personally, I believe that these coins (or coins that will be developed in the near future) can/will hold around the same purchasing power as bitcoin... they will just offer different people different capabilities in how they want their cryptos to function.
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  • edric
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    September 26, 2015, 11:22:59 AM
     #450
    Quote from: dyalldough on January 11, 2015, 12:05:39 AM
    I am so confused.

    What is better?  Which one do you guys recommend more?

    Thank you for your time

    Bitcoin definitely is the cryptocurrency with more adoption, trading volume, and service providers.  Litecoin is more volatile and possibly better for some forms of trading such as futures arbitrage.  On the whole, if you are new to the cryptocurrency ecosystem, I would first explore Bitcoin.
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    September 26, 2015, 01:01:58 PM
     #451
    I like Litecoin i get more profit in 1week 0.3 but i lose all of my 2btc in 1 time  Angry
    now i like bitcoin for holding  Wink

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    September 26, 2015, 08:40:35 PM
     #452
    AS i mentioned before ltc market is better to pump and dump ,bitcoin has power to grow as litecoin has but the potencial income from one and other litecoin leads since can be pumped easyest then bitcoin.

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    September 27, 2015, 05:50:46 AM
     #453
    Quote from: Scream on September 26, 2015, 01:01:58 PM
    I like Litecoin i get more profit in 1week 0.3 but i lose all of my 2btc in 1 time  Angry
    now i like bitcoin for holding  Wink
    Well I also like because LTC LTC is a coin that I use in trading, so he gave me an profit  Smiley

  • devil11
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    September 27, 2015, 06:01:27 AM
     #454
    Which one!!  Grin
    Both are best, but I prefer Bitcoin mostly  Smiley

  • 7788bitcoin
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    September 27, 2015, 09:01:52 AM
     #455
    Personally, I will stick to Bitcoin. If Bitcoin fails, most likely Litecoin is difficult to survive. But if Litecoin dies, Bitcoin can still goes on...

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    September 27, 2015, 09:30:27 AM
     #456
    Litecoin is like a leverage on bitcoin. so if you believe in bitcoin, it is wise to hold some Litecoins too  Smiley
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    September 27, 2015, 09:46:19 AM
     #457
    From all the altcoins I think Litecoin is the best. Market capitalization of Litecoin is $154 million, which is the second to Bitcoin's $6.34 billion among all cryptocurrencies. I think in the far future there will be at least several cryptocurrencies active and Litecoin will definitely be among them. But for now I'd stick to Bitcoin because it has much more support.
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  • gentlemand
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    September 27, 2015, 01:23:12 PM
     #458
    Quote from: Abiky on September 25, 2015, 02:04:59 PM

    At least Ethereum and its clones have their own source code dependant from Bitcoin (I think) If Bitcoin fails, all other alt coins would fail, but Ethereum, Shift and Expanse might still be alive. Just my opinion  Roll Eyes

    There are plenty more coins with unique source code too. The technical ins and outs have very little to do with faith and that's all that counts in terms of success or failure.

  • Denker
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    September 27, 2015, 03:01:21 PM
    Last edit: September 27, 2015, 03:20:41 PM by Denker
     #459
    Quote from: Abiky on September 25, 2015, 02:04:59 PM
    Quote from: Herbert2020 on September 25, 2015, 11:04:25 AM
    Quote from: |Bitcoin| on September 25, 2015, 10:13:03 AM
    Litecoin is too risky. Bitcoin is the gold and if bitcoin fail, the silver litecoin will fail after bitcoin. If you have litecoin get some bitcoin too. Or get some bitcoin and no litecoin. Get it?

    both of them are very risky investments, because bitcoin has swings in price too and is not yet stable. but i agree that if bitcoin were to fail for any reason then all other altcoins would fail miserably too. because nobody is going to look for a substitute for a failed technology. but this failing is not possible at least for the near future.

    At least Ethereum and its clones have their own source code dependant from Bitcoin (I think) If Bitcoin fails, all other alt coins would fail, but Ethereum, Shift and Expanse might still be alive. Just my opinion  Roll Eyes

    Ethereum isn't the only altcoin which has it's own source code. NXT for instance was the first altcoin made from scratch regarding the code.Furthermore NXT has many features and a very active user and developer base. Ethereum therefore is a lot of talk so far and will have to deliver.

    Litecoin could be Bitcoin's small brother in the future although not much innovation is happening there it seems. But I'm always having an eye on it.

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    September 27, 2015, 03:11:35 PM
     #460
    Quote from: Denker on September 27, 2015, 03:01:21 PM

    Litecoin could be Bitcoin's small brother in the future although not much innovation is happening there it seems. But I'm always having an eye on it.

    Litecoin's daddy has specifically said he doesn't want innovation. He just wants it to work, which it does. Maybe that attitude will win out over the propellorheads throwing all that shit at the wall. Time will tell.
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