My issue with the mySpace/Facebook, Bitcoin/Litecoin comparison
Facebook wasn't a fork of MySpace with a few values changed. It was a complete overhaul of the concept of a social network, both in how it is presented to its users and how it is interacted with. I think that the future of cryptocurrencies is going to be very different from what we see today, but as someone who got into it through Litecoin, I don't see this currency (or any other alt) at the forefront, for one reason: No altcoin, no matter how revolutionary, can overcome bitcoin's network effect quickly enough to replace it before its features are implemented in bitcoin. If the gimmick is so great, the community will recognize that and implement it in bitcoin. If it isn't, then the currency is probably not otherwise relevant enough to be considered as a replacement. There is way too much money invested in bitcoin at this point for the idea of any forked currency somehow overtaking it to still be plausible. Nevermind the fact that the majority of development talent seems to be concentrated on the bitcoin project. Don't get me wrong. I don't think altcoins are going anywhere, and I'm happy to be able to mine them with my PC, but I also don't think they'll ever represent more than a fraction of the crypto market.
Why is litecoin so cheap in comparison to bitcoin?
I know there's about 4 times more LTC in circulation and there will be about 4 times more LTC available to mine. So at the very best LTC will have 25% the value of BTC. But Litecoin have lower fees, faster transaction times and easier to adapt to forks? LTCs technology is far superior in my opinion. So how come the price is so low in comparison. 1 BTC equals almost 55 LTC. I see a lot of potential in LTC for that reason. Is Bitcoin overpriced or is LTC underrated?
Bitcoin Or Litecoin: a Comparison of Bitcoin (BTC) and Litecoin (LTC). Which one is a better investment? - 1 day Litecoin was created back on 7th Oct 2011 by Charlie Lee, an ex-Google employee, who quit working in order to focus on Litecoin full time.Charlie is very active on Twitter.You can read his blog here.Litecoin was designed to complement Bitcoin by solving issues like transaction timings and concentrated mining pools. Bitcoin vs. Litecoin Price: Why Litecoin Is Cheaper Many novice investors decide what to invest in based on the price per share, or in this case the price per coin. That might be part of the reason Charlie Lee decided Litecoin’s total coin limit would include 84 million coins compared to Bitcoin’s 21 million. The most substantial difference between Litecoin and Bitcoin is the transactional speed, which is less than 100 seconds (avg.) for the Litecoin and 10 minutes (avg.) for the Bitcoin. Due to its price, Lee even claimed that one could go out for as many Litecoins as he can, which will, of course, add to its value. #2 Litecoin VS Ethereum: Mining. The second point of difference between the two is the way they go about their mining. Litecoin Mining. Since Litecoin is a hard fork of the Bitcoin protocol, it utilizes the proof-of-work (POW) consensus protocol. The idea of POW is for miners to use their computational power to solve cryptographically hard puzzles.
Litecoin Sub $130? Price Action and Silver Comparison Questions with Bitcoin
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