LTC

seb7mad

>It's the same thing It's not. You're talking about total supply. I'm talking about initial distribution. Very different thing little guy. >Cosmos actually has one of the lowest allocation to early investors of all major chains. It's kinda hilarious you attempted this comparison. Actually has one of the highest. Yes, it's hilarious because LTC has 0%. Same as Bitcoin. (Quick math lesson, 0% is lowest than your 50-65%) >Cosmos is upgrading It's upgrading what? You're very confused on how cosmos hub works. Every chain is secured by themselves, unlike Polkadot parachains that inherit relay chain's security by design. There's no way to change that in an upgrade. I recommend you to give a read to [this post](https://www.reddit.com/r/CryptoCurrency/comments/10kxzxa/shawn_tabrizi_on_the_differences_between/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button). Hopefully you learn something and stop buying every BS that developers throw to non-educated, non-technical people.

the_spiritual_eye

I would say before the halving. History shows that LTC has a run up to the halving and then dumps a little afterwards.

the_spiritual_eye

Most the replies here are going to be BTC and ETH. They are considered by most as the bluechips of the crypto world. At this point you are almost assured they will never go to $0. In saying that, a few other sub favourites are also looking pretty good. DOT, ATOM, MATIC, etc are also great plays if you get in at a good price. Do I think alts will dump if a recession occurs or interest rates get hiked above market expectations? Yes. But they are highly unlikely to get to $0. Many alts can dump 95% down, and still rise from the ashes like a Phoenix during the next bullrun. My take on Solana is that I actually like the coin. This sub hates the living shit out of it because of the constant downtimes, however this sub did get it wrong on Doge and SHIB as well. If Solana can survive the FTX fallout, which hasn’t completely played out yet, it will come back. The reason why I don’t think it’s played out yet is because the FTX liquidators may dump their alt reserves to claim what they can to pay back secured creditors and hopefully a % for victims in the fraud as well. This is the one thing currently hanging over SOL’s head and it’s not a small matter. Quite a few are hanging out for any news of that event occurring, others are hopeful that the current CEO of FTX **may** restart the exchange. All options are being considered. The final underdog is LTC with its halving occurring July this year 2023. Definitely a legit coin that has survived quite a few cycles already and nothing to suggest it’s going anywhere. Hope this info helps in some way.

Fantastic-Offer-9129

Hold whatever you like, BTC, ETH, LTC, got some SOL as well

MEISENSTEIN

LTC

ll_TheBrave_ll

I don’t hate on people for wanting to make profits in this market, but I cannot for the life of me understand what’s so appealing about chasing gains on coins/tokens with little credibility? People could do very well if they invest in credible coins like BTC, LTC, DOGE and others, but they seemingly think it has to be a “rich or broke” mentality. A 5x is no longer good enough. It has to be 100x or it’s seemingly not worth it. Not a good mentality to have in life tbh.

dozebull

Love LTC

Kumomax1911

How much do you think early miners own of the total allocation of LTC?? It's the same thing. Cosmos actually has one of the lowest allocation to early investors of all major chains. It's kinda hilarious you attempted this comparison. You would have been better trying this argument with almost any other major project. Yes, LTC inflation is funneled to mining farms. A privileged few. Cosmos inflation goes to any user that wants it. This isn't comparable. Cosmos is upgrading so that every chain connected within the Cosmos ecosystem will now need to use/stake ATOM in order to secure that chain. This is an actual use case that puts massive buy pressure on ATOM. Especially as the ecosystem grows. Something LTC doesn't have. LTC/BCH are literally just Bitcoin clones with no purpose, and terrible network effects.

SeatedDruid

aye aint that great! the halving is coming soon for LTC as well right?

jj20051

[I've completed my daily purchase of LTC](https://docs.google.com/spreadsheets/d/16bzUnGeE9orCoe5g35xsWNTXAXNuAygUJJKzxmIjWR8/edit?usp=sharing). I'm on a journey to buy at least [$20 a day every day](https://np.reddit.com/r/LitecoinMarkets/comments/ukto93/comment/i7vn88c/?utm_source=share&utm_medium=web2x&context=3). Today I bought 0.25 LTC. This is my 263nd day of purchasing in a row; 189 days remain until halving. Really interesting that inflows to exchanges for LTC have gone way down over the last 2 months. People are holding on to more LTC. https://markets.chainalysis.com/?range=180&asset=LTC

ll_TheBrave_ll

LTC hit a new ATH hashrate today. The network is alive and well. I remember when the hashrate used to correlate strongly to price action. Now bad actors use other peoples coins and IOUs to suppress the 💩 out of the price.

pietime406

LTC is probably the most resilient coin behind BTC and XRP

CointestMod

#DEX Con-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the DEX Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #DEX - Con Argument > > Reusing my previous entry [from here](https://np.reddit.com/r/CryptoCurrency/comments/pfos3j/rcc_cointest_general_concepts_dex_conarguments/hdw1d32/). > > *Disclosure - I currently hold several DEX governance tokens, ~5% of my current portfolio value* > > ##What are decentralized exchanges and automated market makers? > > * (1) Intro: https://decrypt.co/resources/what-is-decentralized-exchange-dex > > * (2) Vitalik's original Reddit post: https://np.reddit.com/r/ethereum/comments/55m04x/lets_run_onchain_decentralized_exchanges_the_way/ > > ##DEX caveats > > I'm extremely bullish on [DeFi](https://decrypt.co/resources/defi-ultimate-beginners-guide-decentralized-finance) and believe DEXs specifically hold great promise in terms of: reducing counterparty risk, preserving anonymity and removing barriers to entry for users looking to trade and earn yield. > > That being said, there are some tradeoffs and limitations of interacting with DEXs to be aware of: > > ##Yo dawg, I heard you like decentralization > > - Decentralization can refer [to the protocol itself or to the governance and development of the protocol/platform](https://miro.medium.com/max/1304/0*epCTOVyxEmQq-AiU). > > - [Decentralization is a spectrum](https://nopara73.medium.com/few-words-on-decentralization-and-anonymous-payments-160782d30b9e) rather than a binary distinction. So a DEX may be [decentralized in some ways but centralized in others](https://www.coindesk.com/markets/2018/07/23/decentralized-exchanges-arent-living-up-to-their-name-and-data-proves-it/). Governance and developer control of a platform, for example, can vary wildly: > > >“Some have large control over their direction, others are governed by venture capital investors, and others have broader communities that vote in changes like an open source project.” > \- [Lex Sokolin, CMO and Global Fintech Co-Head, ConsenSys](https://cryptonews.com/exclusives/why-defi-isn-t-always-as-decentralized-as-you-might-think-7695.htm) > > - Users in the [Uniswap Con Cointest thread](https://np.reddit.com/r/CryptoCurrency/comments/og2r4t/rcryptocurrency_cointest_top_10_category_uniswap/) have articulated many of their concerns about whales and VC interests dominating UNI governance politics. > > - But I'll repeat the example of [Uniswap's unilateral decision to delist tokens](https://decrypt.co/76793/ethrereum-dex-uniswap-drops-tokenized-stocks-as-regulators-close-in) after facing regulatory scrutiny from the SEC. Even if a certain protocol is decentralized, the team can take actions to limit access. > > - Similarly, the DeFi community was not too pleased when Compound CEO Robert Leshner [threatened to doxx users](https://decrypt.co/82387/defi-community-blasts-compound-ceo-for-doxxed-comment) who didn't return COMP tokens after a protocol bug. > > - "Code is law. Unless we fuck up. Then we call the IRS on you." said [Blockstream CSO Samson Mow](https://nitter.com/Excellion/status/1443875126982840330). > > - Another concern would be seemingly decentralized platforms like Bancor having backdoors and the ability to freeze user funds ([which they did after a hack](https://techcrunch.com/2018/07/10/bancor-loses-23-5m/)). > > - [As LTC founder Charlie Lee stated](https://nitter.com/SatoshiLite/status/1016499756158234624): > > >"An exchange is not decentralized if it can lose customer funds OR if it can freeze customer funds. Bancor can do BOTH. It's a false sense of decentralization." > > - [Or, as DOGE founder Jackson Palmer commented](https://medium.datadriveninvestor.com/the-lessons-learned-from-a-false-sense-of-decentralization-875b8c2731a6): > > >“The key thing here is not the hack itself — it’s the fact the Bancor team had the ability to freeze funds. How many other “decentralized” DApps have a built-in kill switch that’s centrally controlled?” > > - In removing gatekeepers and intermediaries, DEXs and AMMs promise a more level financial playing field than the permissioned, opaque system of centralized finance. > > - However, even when governance of an open source platform is 'fair' and decentralized, DEX users are exposed to some of the same financial shenanigans inherent to CeFi, [such as front running](https://www.paradigm.xyz/2020/08/ethereum-is-a-dark-forest/). > > - There is no need for practices like [Robinhood's payment for order flow](https://web.archive.org/web/20210729220645/https://www.wsj.com/articles/robinhoods-debut-is-clouded-by-sec-scrutiny-of-payment-for-order-flow-11625655600) when trades are publicly broadcasted for the world to see: > > - "[Decentralized exchanges make it easier for anyone to exploit temporary market inefficiencies for a profit. In other words, it’s easier to front-run the market](https://blog.gnosis.pm/decentralized-exchanges-have-a-problem-7e6d81d91ba1)." > > > - "[Trades on decentralized exchanges \(DEX\) are sitting ducks while they remain idle in the processing queue. A small cohort of developers can and do take advantage of this lag time between hitting the trade button and the trade executing on-chain by front-running, back-running or 'sandwiching' a transaction.](https://www.yahoo.com/now/bad-sandwich-defi-trader-poisons-153336603.html)" > > > ##With mediocre UX comes great responsibility > > - DEXs are often not newbie friendly > > - There is a learning curve to self-custodying and creating a web wallet > > - Because of the immutability of blockchain transactions, it can be [easy for even savvy traders to learn an expensive lesson about human error](https://np.reddit.com/r/ethtrader/comments/jo7lj2/help_needed_i_payed_235172_eth_9500_for_120/) > > - The process can be further intimidating when attempting to[ bridge assets on sidechains and L2s](https://ethhole.link/layer2) (and it is precisely smaller, newer traders who benefit most from[ lower fees](https://l2fees.info/)) > > - So it's not surprising that [many users - especially new market participants - would prefer to accept the counterparty risk of a custodial exchange](https://cointelegraph.com/news/coinbase-regains-1-position-on-apple-app-store-as-crypto-com-jumps-to-third) in return for a consumer oriented and streamlined user experience: > > - Given lack of KYC/AML, the majority of DEXs do not allow for onboarding/offboarding fiat and require users to touch a centralized exchange at some point if they want to get money in or out of 'the system'. > > - To go back to the Compound bug, Leshner clarified that his 'doxx' comment was in reference to DeFi users' interactions with centralized exchanges: > > > "[He said that anyone could identify the public Ethereum addresses that interact with the Compound protocol, and whether they engaged with popular exchanges like Coinbase that collect information about users.](https://www.nytimes.com/2021/10/04/business/dealbook/facebook-whistleblower-frances-haugen.html)" > > - Few DEXs natively offer the same level of trading functionality as centralized exchanges (e.g. limit orders, stop losses). > > - While centralized exchange users are primarily concerned with fees and spread, DEX users must also familiarize themselves with concepts like [slippage](https://academy.shrimpy.io/post/what-is-slippage-how-to-avoid-slippage-on-defi-exchanges) and [impermanent loss](https://academy.binance.com/en/articles/impermanent-loss-explained) > > - As the market becomes more saturated with DEX platforms and aggregators, it can be difficult for a lay user to evaluate competing promises of trustlessness and decentralization - or recognize when they're being exploited. > > - [Exit scams and rugpulls are prolific](https://decrypt.co/55787/defi-rug-pulls-were-cryptos-top-fraud-scheme-in-2020-ciphertrace) - newbies may find it challenging to verify if a DEX is legitimate, especially when dev teams are anonymous and many users lack technical proficiency to audit the protocol/smart contracts themselves. > > - While hacks and phishing risks aren't limited to DEXs, they expose [users to additional attack vectors](https://coinmarketcap.com/alexandria/article/how-to-identify-and-avoid-uniswap-scams): > > > - Given [the ease of creating \(copy/pasting\) and listing a token](https://www.nytimes.com/2021/08/05/business/hype-coins-cryptocurrency.html), it's no surprise that scamcoins abound on DEXs, many of which [spoof legitimacy](https://twitter.com/uniwhalesio/status/1357785710896545792). > > - E.g., [researchers identified over 10K scam tokens and scam liquidity pools on Uniswap V2](https://arxiv.org/abs/2109.00229). > > - Or check out [this recent attack which shows how Uniswap v3 liquidity pools can be manipulated](https://twitter.com/Mudit__Gupta/status/1455627465678749696). > > - More sinister is when [developers tweak the token contract to take your assets](https://twitter.com/r0bster97/status/1338182571558055937) or [remove a token's approval function](https://cryptot3ddybear.github.io/posts/scam-explained-bsc-noapproval/), preventing you from dumping the scamcoin you just bought. > ... ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/r6rt5n/general_concepts_round_dex_conarguments_december/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_DEX) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10ldwad/daily_general_discussion_january_26_2023_gmt0/).

libretumente

The SEC will never have governance over BTC because it is not a security. Gensler has already stated that BTC and LTC are not securities, whereas centralized coins offering yield might be a different story.

karlizak

A person doesn’t need to hold the best performing coin every cycle. Litecoin is up 132% from the bottom of this bear market as of right now. Far out performing Bitcoin at the moment. Will that change? Yes! Will I care? No. It’s still one of the most widely used coins, zero down time and very cheap to transact. When all of the shit coins are gone, LTC will still be there. I do think Bitcoin is the better store of value long term but Litecoin has secured its permanent place in crypto as well. I can’t complain with Litecoin. 🤷‍♂️

InvestAn

True point, my friend. LTC is underestimated!

Baecchus

LTC has done nothing except losing value against Bitcoin itself for the past 9+ years. It's been a terrible investment. The next few months won't change that.

InvestAn

LTC has staying power, works efficiently and has made some nice gains lately!

ll_TheBrave_ll

MWEB on LTC being available on wallets will be the most important privacy related project this year. Book it.

iPhone40

I learned about LTC’s MWEB upgrade and that’s pretty cool

Alarming_Associate47

You really should streamline that down. I would let FTM and Hbar sit and dump the rest. Reallocate to BTC maybe ETH and LTC and keep a steady dca into those 2 or 3.

Razorback44

LTC has what plants need

libretumente

And I'm happy to concede that ETH transfers much more value than LTC. I just don't think ETH's use case in the future is as a currency, but as a network to be built upon which is where its value and network effect have mostly come from.

clean_cut89

LTC

ll_TheBrave_ll

Interesting. The way LTC is setup actually promotes value growth over time similar to BTC. It is however much better than BTC at being a means of exchange, so I could see how it might be better to have the price lower. The problem is that it has to be purposefully suppressed by an entity at all times in order to keep the price stable or down since the coin doesn’t have an inflationary supply system. It could be that an entity wants Litecoin to remain lower in order to utilize it more efficiently, but I don’t see how it can last very long. Litecoin could definitely handle a lot higher price though, so I still believe it is capable of growing in value.

ll_TheBrave_ll

That is very possible. The question I would then have is why is LTC one of the few cryptos being valued appropriately? Is it because people take it seriously as a credible coin? It just seems odd that whales and traders would find Litecoin not worth “pumping” when the tokenomics are much better for increasing value than many other cryptos like SHIb for example. It’s quite a conundrum to me.

ll_TheBrave_ll

Providing information is not shilling bro. Why do so many people not understand this concept? I don’t tell people to buy or sell LTC.

MRZ_21

You shill LTC every day… what are you talking about

tsumy

What if LTC is well valuated because it reached already the productivity plateau and the problem is the excess of speculation in new stuff as aptos, or even in BTC?

grawlyx

Why bother with crypto at all if you're not using it to increase your wealth? What's the point then? Nobody hates LTC man. I don't know why you take it personally. The most it generates is casual indifference. There's attempts to make the market more credible but there has to be REAL use cases that are attractive to everyday people before crypto is taken seriously as anything but a speculative asset. You see it growing but it's still at least a decade away until it's treated as a currency or anything but a way to make money.

ll_TheBrave_ll

I do use this information to my advantage. I’m just know I’m never going to get rich off of crypto, so there’s no reason for me to shill any coin all day long. I just genuinely want to understand why so many people hate LTC and why people want to invest in outright scams when they could invest in more credible coins? I get people have the right to spend their money how they see fit, but it’s troubling to see that there’s no real attempt even at trying to make this market more credible. Maybe crypto will forever be nothing but a gambling joke.

grawlyx

I'm not pressed aoubt anything, I was just curious as to why every single post you make is about LTC being undervalued in such a militaristic way. I like LTC, it's got a lot of real world use cases and it's a legitimately good project. You'd think you'd want to use this undervaluation information to your advantage if it's so undervalued, it would be a perfect entry to accumulate a large position before anyone else cops on.

grawlyx

Yeah it's just this one user in particular, it's all of their posts. LTC is pretty decent as a crypto project with real world use, just not popular for speculative reasons (> 90% of the crypto userbase)

TarkovReddit0r

LTC is a lot but def not a Shitcoin

ll_TheBrave_ll

I’m be honest here: I own a small bag of LTC, but the main reason I vouch for this crypto is because the criticism is severely unjustified and most of the time completely irrational. It’s severely undervalued based on network metrics, adoption and development. It’s ducking strange at this point that people such as yourself get so damn pressed about the one or two people willing to talk about such a great coin…

JuiceColdman

LTC is extremely popular and has the most consistent uptime of any crypto project to date. Not to mention the privacy features. There’s alot to like

ll_TheBrave_ll

Calls LTC a shitcoin. Can’t name any shitcoin qualities.

Gr8WallofChinatown

LTC is a shitcoin

grawlyx

Why are you so obsessed with LTC? are you an LTC dev or something? every post is this weird angsty lament about the injustice of LTC not being the leading crypto

Heisennorb

dude LTC rocks. it simply works

Visual_Feature4269

BTC, ETH AND LTC. Build these bags.

ll_TheBrave_ll

Duck this market. Ducking aptos already has a market cap that’s 1/3 of LTC yet has only existed for a couple months on the market and has done jack shit comparably. I don’t care how many people disagree. If Aptos can be worth $2.5 BILLION, then LTC should be worth at least $50 BILLION right now.

Fantastic-Offer-9129

LTC…please make me leave it

Fantastic-Offer-9129

I hope i wont be downvoted to be the devils next new neighbor, but let me try……..LTC

CaptainKrc

LTC

Invest07723

I don't send $10 worth of ETH to my Ledger, but I'd send $25 after checking gas prices. For coins with very small transaction fees (like AVAX or LTC or ATOM, etc) I might send even if I only bought $10 worth (unless I know I'm buying more in the next 2 days)

CointestMod

#Dogecoin Con-Arguments Below is an argument written by Ornery_Maintenance_8 which won 2nd place in the Dogecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > This cryptocurrency was literally created as a joke. Therefore, its properties were never meant to be sustainable in the first place. Additionally, there was/is a severe lack of further development of the project. Years of updates and development of the litecoin network, from which it originally ascended, were never implemented. It would require severe efforts in development to catch up with existing projects. Without the willingness of big holders to spend money on this matter, this is unlikely to change. Therefore, the underlying tech of the project can be described as outdated and will most likely remain in that state. > > Furthermore, between its initial creation as a joke and the recent meme coin hype, there were several years of neglect in terms of any public attention. In this time, the majority of the coin supply was quietly mined by a few (mostly Chinese) litecoin mining farms, because they could just double mine it together with LTC. This lead to a situation, where the majority of supply is in the hands of very few entities. These entities remain unknown and don't seem to have any interest to engage in governance or further development of the project so far. The risks in terms of centralization and potential sell offs created by that are obvious. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgs5x/coin_inquiries_dogecoin_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10kkgfg/daily_general_discussion_january_25_2023_gmt0/).

szerted

It's nice this sub brings more attention to LTC that it deserves. Lovely to see!

CointestMod

#Litecoin Con-Arguments Below is an argument written by DaddySkates which won 2nd place in the Litecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > When LTC released, everyone was talking about it. In some time people started the saying about “LTC is the silver to BTC gold”. And frankly it used to be true. > > Nowadays people rarely talk about LTC anymore.. and when they do its in the connection with its founder selling his holdings at absolute ATH which made people run away from LTC not trusting them again. BTC is leader-less for a reason. > Satoshi knew that it will be more successful without a founding father. And its true. > > LTC isnt going to be “killed” by the lack of technology. Its because of the poor decisions that their leader dod without any care for the projects future. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtst/rcc_cointest_coin_inquiries_litecoin_conarguments/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Litecoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10kkgfg/daily_general_discussion_january_25_2023_gmt0/).

CointestMod

#Litecoin Pro-Arguments Below is an argument written by FrogsDoBeCool which won 2nd place in the Litecoin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Litecoin - A Cryptocurrency With Currency in Mind > > Disclosure: I have never owned Litecoin, I do not personally believe it is a profitable investment compared to other cryptos, but is a safe crypto to bet on. I have made a Cointest on this topic previously, which has been copied pasted here. This submission is supposed to be readable for any one person just starting in crypto, but does delve into more technicals later on. > > ​ > > # The Start of Litecoin > > * **Charlie Lee,** the [founder](https://en.wikipedia.org/wiki/Charlie_Lee_(computer_scientist)#cite_note-Williams-Grut_2018-1) and developer of Litecoin. Lee begun his life at Ivory coast, his family being Chinese immigrants at the time. During his teens, he moved to the United States where he finished [Highschool](https://www.cusd20.com/o/lhs) and [College.](https://en.wikipedia.org/wiki/Massachusetts_Institute_of_Technology) His major being in Computer Science, and eventually his master's being in Computer science as well. > * After College, Charlie had begun working [on getting hired](https://www.linkedin.com/in/chocobo/), from 2000 to 2007 he worked at a couple of small technology companies, but in September of 2007 he was able to be hired at Google! He has helped build several key features of Chrome until 2013. > * In 2011, Charlie learned of bitcoin via the [silk road](https://www.investopedia.com/terms/s/silk-road.asp), due to his already skeptical nature of the government he instantly was fond of bitcoin, he began mining bitcoin in 2011 but soon realized the faults bitcoin had, and began building what is now called Litecoin. > * **Litecoin's Foundations** > * Litecoin was built in C++ and officially was a fork of Bitcoin. All Operating systems allow for Litecoin to be used and developed on except some minor operating systems, and a couple of major ones like - chrome os, mac os. > * Litecoin works similar in bitcoin in that every 4\~ years the reward for mining is [halved](https://stormgain.com/blog/litecoin-ltc-halving#:~:text=more%20acceptable%20values.-,When%20is%20the%20next%20Litecoin%20halving%3F,will%20drop%20to%206.25%20LTC). The next being in 2023. > * Litecoin was built to act as cash, since every transaction cost (currently) around [$0.02.](https://bitinfocharts.com/litecoin/) Litecoin has a block time of 2.5 minutes, meaning every 2.5 minutes a transaction block is verified, leaving quicker transactions and less bloat in the network. The only time 2.5 minutes per block was overextended was in [2012](https://bitinfocharts.com/comparison/litecoin-confirmationtime.html#3y) when Litecoin during Litecoin's early release. > * Litecoin has about 50 transactions per second, about ten times better than bitcoin. > * The richest litecoin wallet owns about 6.5% of all litecoin's. From what I could find (not a lot) this may be an exchange's cold wallet. They dca into litecoin a lot, but buy at pretty bad times, nearly doubling its LTC held just days before the may crash. > * [Open Source](https://github.com/litecoin-project/litecoin) > * Litecoin is fully decentralized in the fact any one person could submit code into the network and as long as a majority of miners agree to that fork it will be implimented. This is similar to bitcoin. > * Litecoin made its own satoshi esque vocabulary, a photon. > * The Hashing Algorithm > * Since Litecoin works on Proof of Work, it needed to find a solution to ASICS, a crypto mining specific cpu. Litecoin solves this with [scrypt](https://www.mycryptopedia.com/litecoin-scrypt-algorithm-explained/#:~:text=Scrypt%20is%20a%20hash%20function,Litecoin%20and%20Bitcoin%20protocols%20respectively). What's funny is apparently since Dogecoin is a fork of Litecoin anyone can mine both Litecoin and Dogecoin simultaneously on the same network. > * There was no pre-mine on Litecoin. The first people who mined got the most. The supply of Litecoin is about 84 million at maximum. > * The price of Litecoin just barely went over its [2017](https://coinmarketcap.com/currencies/litecoin/) peak, which to many sounds bad, although 80-90% of all cryptocurrencies failed during the 2018 bear run, so litecoin has still beat the majority of the market. > > # What Litecoin is Now > > * **Litecoin was the first major cryptocurrency to implement the lightning network.** > * The Lightning network > * The lightning network is a layer two solution to build scalability, security, and speed upon bitcoin, but in this case, [Litecoin.](https://en.wikipedia.org/wiki/Lightning_Network#:~:text=On%20May%2010%2C%202017%2C%20Christian,a%20fraction%20of%20a%20second) > * Taken from my "Lightning network pro july - aug 2021"... "The lightning network to work basically sets up a channel that connects the network from the sender and receiver. The lightning networks uses multi-signature transactions to confirm a lightning channel. Time locks are also used, which is a way to stop transactions from instantly being executed. Time locks are most commonly used when there’s a lot of demand for bitcoin transactions, and not enough blocks being confirmed." > * TLDR: Lightning network will may litecoin even faster, secure, and decentralized than ever. > * **Mimble Wimble** > * Mimble Wimble is the update to Litecoin, it is THE update to litecoin to include complete privacy, comparable to Zcash and Monero, but with scalability and [security](https://coinmarketcap.com/alexandria/article/what-is-mimblewimble). Mimble wimble was first thought of in 2016, but took 4 years to begin testing on the litecoin test-net. > * mimble wimble hides the amount of litecoin sent, the address, and even the ip of the user sending the litecoin, thanks to [Dandelion.](https://medium.com/beam-mw/about-dandelion-and-mimblewimble-e083597e0355) > * To explain further, Litecoin Mimble wimble has no addresses. transactions and private keys are verified no longer by signing, but "Proof of ownership is instead achieved through methods similar to CoinJoin and Confidential Transactions. Input and output owners form a multi-signature to sign off on each block, eliminating the need for addresses," [source](https://medium.com/interdax/litecoins-mimblewimble-extension-block-proposal-209337b38b11) > * **OmniLite** > * OmniLite for the litecoin network adds support for smart contracts, easily created crypto currencies, and nfts. Meaning as of September, Litecoin while using Omnilite, [supports smart contracts and nfts.](https://litecoin-foundation.org/omnilite-launches-for-the-litecoin-network/) > * Omnilite was mainly developed by a worker and programmer of the litecoin foundation, Loshan T. > > # Conclusion > > * Litecoin's past and trajectory as one of the most popular cryptocurrencies continues with the development that the litecoin foundation puts into Litecoin to this day. > * The ability to include smart contracts, cheap transactions, scalability, and security helps solve the [cryptocurrency trilemma](https://www.gemini.com/cryptopedia/blockchain-trilemma-decentralization-scalability-definition#:~:text=The%20blockchain%20trilemma%20refers%20to,decentralization%2C%20security%2C%20and%20scalability), the first cryptocurrency to perfect the trilemma will become one of the most invested, used, and popular, Litecoin is close. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtt5/rcc_cointest_coin_inquiries_litecoin_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Litecoin) to find arguments on this topic in other rounds.

pastilance

**Ahem, Cough, Cough** LTC, RVN, DCR, DASH

GMEthLoopring

Litecoin (halving in <200 days) Monero (anti CBDC) Doge (forever meme) Eth (actually gets used) Shib (degen meme) Moons (degen yolo) Loopring (meh, GameStop NFT marketplace is dead, taiko is taking ZKEVM, see my username but sheesh I don’t know what’s bullish about LRC anymore) Edit: no bitcoin cuz I swapped it for LTC banking on a run up until the halving. Litecoin halving 200 days out, Bitcoin halving 400 days.

TheExeFiles

Yea of course, take a look at the BTC chart look at 2019 that’s the LTC halving and the next one will be a lot bigger then that one. Personally I think it’s going to get enough people talking for the majority to start investing in LTC. But I think the reason why investors think Bitcoin will start to reach these crazy prices bu 2024 and again there is a lot of thing they simply just do not tell you and keep people in the dark about. It isn’t some random guess. I think Bitcoin really will reach 150-250k because not only will Bitcoin halve in 24 but Ethereum also triple halves in 24 too. But I think the only thing that’s keeping the market in crypto healthy this year is LTC in my honest opinion.

cryptoquant112

LTC, Nano, Link, Ocean, ETH

Btotherest

QTUM, LTC, XMR, and not a moonshot but o/c BTC

CointestMod

#Dogecoin Con-Arguments Below is an argument written by Ornery_Maintenance_8 which won 2nd place in the Dogecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > This cryptocurrency was literally created as a joke. Therefore, its properties were never meant to be sustainable in the first place. Additionally, there was/is a severe lack of further development of the project. Years of updates and development of the litecoin network, from which it originally ascended, were never implemented. It would require severe efforts in development to catch up with existing projects. Without the willingness of big holders to spend money on this matter, this is unlikely to change. Therefore, the underlying tech of the project can be described as outdated and will most likely remain in that state. > > Furthermore, between its initial creation as a joke and the recent meme coin hype, there were several years of neglect in terms of any public attention. In this time, the majority of the coin supply was quietly mined by a few (mostly Chinese) litecoin mining farms, because they could just double mine it together with LTC. This lead to a situation, where the majority of supply is in the hands of very few entities. These entities remain unknown and don't seem to have any interest to engage in governance or further development of the project so far. The risks in terms of centralization and potential sell offs created by that are obvious. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgs5x/coin_inquiries_dogecoin_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10kkgfg/daily_general_discussion_january_25_2023_gmt0/).

MaeronTargaryen

BTC, LTC, XMR or even DOGE sure, but ATOM or LINK, they’re not made to buy goods really

bojack-horsey

I just asked ChatGPT which coins to buy - at first it didn't want to because "I am a language model and do not have the ability to predict future market conditions or provide financial advice.", but then I told it, it should pretend to be a financial advisor. Then it just advised me to buy the classics, haha "As a financial advisor, my general advice would be to diversify your portfolio by investing in a variety of different cryptocurrencies. It is important to conduct thorough research and understand the underlying technology and fundamentals of each coin before making an investment. Here are a few things to consider: 1. Bitcoin (BTC) is the largest and most well-known cryptocurrency, and it has a strong track record of stability and growth. It can be a good choice for those looking for a long-term investment. 1. Ethereum (ETH) is the second-largest cryptocurrency by market capitalization and it has a strong developer community working on its ecosystem. It's also the most used blockchain for smart contracts and decentralized application, that's why it can be a good choice for those who believe in the power of smart contract and the decentralized ecosystem. 1. Litecoin (LTC) can be considered as a good alternative to Bitcoin, it's a peer-to-peer digital currency that enables instant, near-zero cost payments to anyone in the world. 1. Ripple (XRP) is a digital asset designed to work as a medium of exchange that uses cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. 1. Bitcoin Cash (BCH) is a cryptocurrency that was created in 2017 as a hard fork of Bitcoin. It has faster transaction times and lower fees than Bitcoin. It's important to note that cryptocurrency investments can be highly volatile and the market is still in a nascent stage, so it's important to invest only what you can afford to lose. Additionally, it's advisable to keep an eye on the latest news and regulations that may affect the crypto market."

Lmaza1

BTC halving is next year by then we should be starting to see some upside. Does A LTC halving affect the rest of crypto as much though? I know LTC usually surges after, but what about BTC and ETH, does it affect the other big 2?

TheExeFiles

The prices for the Bitcoin halving id expect to start rebounding couple months till after the LTC bull is over so in the fall maybe 🤷‍♂️

TheExeFiles

Look if Bitcoin really does go to all time lows again, I really do not see this happening till after LTC halving which is Aug I believe. It’s mind boggling how nobody is talking about it. It’s incredible how Litecoin gets ignored and people don’t see to understand or appreciate what it is. The last LTC halving in 2019 Bitcoin went from 3.5k to 12k at the peak of halving. If bulls are planning a trap they’d be stupid to be doing it now for this very reason.

TheGreatCryptopo

The BTC I bought back in 2017, still holding it. Got some LTC from back then too was the first coin I bought as it was the cheapest and that is still sitting waiting in my ledger. For retirement.

libretumente

Those $0.65 transaction fees on ETH are so enticing for everyday purchases and use as a currency when LTC fees are $.0070 . . . Bitpay is a service that helps people use crypto like a currency/cash. Take a look at their stats: https://bitpay.com/stats/ - why is ETH not higher? It does have 30X LTC MCAP afterall . . . You're getting into semantics about what a currency represents. It isn't just value transferred. For a good or currency to function as a medium of exchange and be considered “sound money”, it must be durable, divisible, portable, uniform, acceptable, limited in supply and finally, fungible. The value exchange you are talking about ETH facilitating is not uniform at all, a lot it is NFT's which are cryptographically unique. Ethereum (the chain) represents a lot more than Ethereum as a token that could be used for purchasing. Does Western Union facilitate value exchange? Yes. Is Western Union a currency? Nope. Does Sotheby's auction house facilitate value exchange? Yes. Are they a currency? Nope.

Primary_Technical

The OGs and the oldest friends of the Crypto world - LTC amd BTC.

Blooberino

I bought BTC and LTC first.

SlaveOfTheOwner

BTC, LTC is a good shout with the halvings coming soon. DOT is poised to make massive gains this cycle.

bojack-horsey

you have a pretty risky portfolio. sure, LTC and Doge are "classics" and are not all that likely to completely die, but you only have 12% in BTC and nothing in ETH, so that's even risky for crypto. which is fine, you should just be aware

Dro1100

Remember the LTC and Walmart "partnership" .. ?

cookshack

Of course were all entitled to opinions, he asked for ours in his post. Doge and LTC are holding eachother up imo, but neither have any value within themselves. SUSHI is a dead coin. /u/shakingspheres Look at the SUSHI/BTC charts compared to say the ETH/BTC chart, and on a longer time frame

Pulits12

Everyone is entitled to their own opinions. Though I agree with you and I would have rolled that LTC and doge into more BTC and would have reduced the algo and sushi allocations and roll some of that into ETH. I personally believe coins with actual utility will thrive this upcoming run and the memecoins of yesteryear hopefully die out.

cookshack

Do LTC, DOGE, and SUSHI really have a brighter future than ETH or even just BTC? SUSHI seems pretty much dead and LTC and DOGE would be high risk

shakingspheres

So far, my portfolio's 22% LTC, 18% Doge, 13% DOT, 12% BTC, 12% ALGO, 12% Sushi, and the other 11% spread across a few more alts. On a scale of goldfish brain to please talk to a financial advisor and block access to your bank account, how am I doing?

CointestMod

#Dogecoin Con-Arguments Below is an argument written by Ornery_Maintenance_8 which won 2nd place in the Dogecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > This cryptocurrency was literally created as a joke. Therefore, its properties were never meant to be sustainable in the first place. Additionally, there was/is a severe lack of further development of the project. Years of updates and development of the litecoin network, from which it originally ascended, were never implemented. It would require severe efforts in development to catch up with existing projects. Without the willingness of big holders to spend money on this matter, this is unlikely to change. Therefore, the underlying tech of the project can be described as outdated and will most likely remain in that state. > > Furthermore, between its initial creation as a joke and the recent meme coin hype, there were several years of neglect in terms of any public attention. In this time, the majority of the coin supply was quietly mined by a few (mostly Chinese) litecoin mining farms, because they could just double mine it together with LTC. This lead to a situation, where the majority of supply is in the hands of very few entities. These entities remain unknown and don't seem to have any interest to engage in governance or further development of the project so far. The risks in terms of centralization and potential sell offs created by that are obvious. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgs5x/coin_inquiries_dogecoin_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10jrpkm/daily_general_discussion_january_24_2023_gmt0/).

coinhunter27

Ethereum (ETH) is a decentralized blockchain network that allows for the creation of decentralized applications (dApps) and the execution of smart contracts. However, it is true that a small group of companies, known as mining pools, currently control a large portion of the network's hash rate, which is a measure of the computational power being used to secure the network. This centralization of mining power does raise concerns about the potential for a 51% attack, where a group of miners could collude to control the network and potentially reverse transactions. As for the most decentralized and safest cryptocurrencies, Bitcoin (BTC) is often considered the most decentralized and secure, as it has the largest and most decentralized mining network. Other decentralized cryptocurrencies include Litecoin (LTC), Monero (XMR), and Zcash (ZEC). Some of the biggest blockchain technology projects include: *Bitcoin: a decentralized digital currency that allows for peer-to-peer transactions without the need for a central authority. *Ethereum: a decentralized platform that allows for the creation of dApps and the execution of smart contracts. *Ripple (XRP): a digital asset designed for payments and remittances, with a focus on enterprise use cases. *EOS: a decentralized platform for the creation of dApps, with a focus on high performance and scalability. *Cardano (ADA): a decentralized platform for the creation and execution of smart contracts, with a focus on security and sustainability. Each of these projects has its own unique goal, but overall, they aim to create decentralized and trustless systems for various use cases, such as digital currency, smart contracts, and dApps.

coinhunter27

Ethereum (ETH) is a decentralized blockchain network that allows for the creation of decentralized applications (dApps) and the execution of smart contracts. However, it is true that a small group of companies, known as mining pools, currently control a large portion of the network's hash rate, which is a measure of the computational power being used to secure the network. This centralization of mining power does raise concerns about the potential for a 51% attack, where a group of miners could collude to control the network and potentially reverse transactions. As for the most decentralized and safest cryptocurrencies, Bitcoin (BTC) is often considered the most decentralized and secure, as it has the largest and most decentralized mining network. Other decentralized cryptocurrencies include Litecoin (LTC), Monero (XMR), and Zcash (ZEC). Some of the biggest blockchain technology projects include: Bitcoin: a decentralized digital currency that allows for peer-to-peer transactions without the need for a central authority. Ethereum: a decentralized platform that allows for the creation of dApps and the execution of smart contracts. Ripple (XRP): a digital asset designed for payments and remittances, with a focus on enterprise use cases. EOS: a decentralized platform for the creation of dApps, with a focus on high performance and scalability. Cardano (ADA): a decentralized platform for the creation and execution of smart contracts, with a focus on security and sustainability. Each of these projects has its own unique goal, but overall, they aim to create decentralized and trustless systems for various use cases, such as digital currency, smart contracts, and dApps

coinhunter27

Ethereum (ETH) is a decentralized blockchain network that allows for the creation of decentralized applications (dApps) and the execution of smart contracts. However, it is true that a small group of companies, known as mining pools, currently control a large portion of the network's hash rate, which is a measure of the computational power being used to secure the network. This centralization of mining power does raise concerns about the potential for a 51% attack, where a group of miners could collude to control the network and potentially reverse transactions. As for the most decentralized and safest cryptocurrencies, Bitcoin (BTC) is often considered the most decentralized and secure, as it has the largest and most decentralized mining network. Other decentralized cryptocurrencies include Litecoin (LTC), Monero (XMR), and Zcash (ZEC). Some of the biggest blockchain technology projects include: Bitcoin: a decentralized digital currency that allows for peer-to-peer transactions without the need for a central authority. Ethereum: a decentralized platform that allows for the creation of dApps and the execution of smart contracts. Ripple (XRP): a digital asset designed for payments and remittances, with a focus on enterprise use cases. EOS: a decentralized platform for the creation of dApps, with a focus on high performance and scalability. Cardano (ADA): a decentralized platform for the creation and execution of smart contracts, with a focus on security and sustainability. Each of these projects has its own unique goal, but overall, they aim to create decentralized and trustless systems for various use cases, such as digital currency, smart contracts, and dApps.

Lillica_Golden_SHIB

ZEC, XMR, LTC, wanna see this list getting longer

AutisticGayBear69

So BTC to $24k, ETH to $17k and LTC to $100 by end of week.