- This topic has 14 replies, 2 voices, and was last updated 6 months, 2 weeks ago by subjectivesubjective.
- Saturday, May 14th, 2022 at 17:10 #273156allspoetryParticipant
After all the shit with Luna, UST and other crap, a friendly reminder about **Litecoin**, which boasts 100% uptime for more than 10 years since inception. The only thing lagging is price, but if you’re looking for a real, true, solid crypto, remember:
\- **OG**, created in **2011** as a **clone of bitcoin** but on **its own blockchain** (not a fork like btc cash, btc sv, btc gold etc) but **faster** with **negligible transaction fees**.
\- **Hard capped supply** at **84 million coins** that will ever exist (21 million for bitcoin) = **scarcity**.
\- **Lightning fast transactions** thanks to **lightning network** (shared with bitcoin, also **atomic swaps**) = **scalability**.
\- **Privacy (optional!)** and **fungibility** thanks to **MWEB**.
\- **Security** thanks to **PoW** through **scrypt**.
\- **Liquidity** thanks to being **on basically every exchange**.
\- **OmniLite** for creating **Non-Fungible Tokens**, **smart contracts**, **stablecoins**, **decentralized tokens**.
\- **Adoption**, most recently **Paypal**, **Venmo**, **AMC**, **Regal**, **Newegg**, **interactive brokers**, **Grayscale** eyeing a spot ETF conversion, **top alt on Bitpay**, **Amazon**, **Verifone**, **VISA**, litecoin in **most ATMs that have bitcoin** including El Salvador, **Coinstar**, **several banks globally**, etc.
\- **The Economist** put **litecoin on the cover** next to bitcoin for their 2022 issue.
\- **Charlie Lee**, the founder, sold his coins in 2017 to make litecoin truly **decentralized**. And he’s **still, half a decade later, working on litecoin** **and matches donations!**
Other crypto might be fast, OR scarce, OR secure, etc. **Litecoin does everything.**Saturday, May 14th, 2022 at 17:12 #273160JustDownInTheMines
I like LTC. But Litecoin most certainly does not do everything. It does not have smart contracts or privacy like many claim; it uses an l2 for these. Regardless I do believe LTC will still be around during the next cycle. Not sure about most other alts out there.Saturday, May 14th, 2022 at 17:14 #273164proliphery
I’ve got a little LTC earning for me.Saturday, May 14th, 2022 at 17:15 #273169kyle_h2486
No longer as strong as it once was.Saturday, May 14th, 2022 at 17:17 #27316813Noodles7
“Sold his coins” ???? He dumped on the community. Still pisses me off how that all unfolded at such perfect timing..Saturday, May 14th, 2022 at 17:26 #273161Remarkable_Term6189
I like ltc too it has very low transfer fee and it cheeper for me to send them instead of tether to my probit account for more tradesSaturday, May 14th, 2022 at 17:28 #273159chillhopmusic13
Sorry bud, but we only buy into centralized coins with an infinite supply around hereSaturday, May 14th, 2022 at 17:43 #273157_Whit3
LTC has been underrated for years manSaturday, May 14th, 2022 at 18:01 #27316613Noodles7
Still dumped it.. I’m not hating. Ltc is still strong in my boom. That part of it didn’t seem right to me.Saturday, May 14th, 2022 at 18:12 #273170subjectivesubjective
While I myself love LTC and have kept my bag through thick and thin (mostly thin…), I’m not gonna pretend it’s that fast. Sure, it’s fast enough for online purchases, but I don’t think it’s fast enough for everyday, offline use.
It was my first and biggest investment at first (until it got overtaken by better performing coins), but I also see the argument that it’s kind of middle of the road in every aspect (slower than others, less secure than others, less performing than others, less utility than others…)Saturday, May 14th, 2022 at 18:13 #273163ghochumal
Solid project not best for investment. Same can be said for coins like Monero.Saturday, May 14th, 2022 at 18:13 #273165ghochumal
Solid project not best for investment. Same can be said for coins like Monero.Saturday, May 14th, 2022 at 18:20 #273158AgencyBackground
Turns out coins which are the oldest like Btc, Ltc, Monero are more decentralised, secure than coins today with new technology.Saturday, May 14th, 2022 at 18:31 #273167ShortSqueeze20k
Does it have an EVM compatible sidechain that also uses it as gas? Bitcoin Cash does.Saturday, May 14th, 2022 at 18:32 #273162HelmsDeap
LTC after the privacy upgrade is a way better coin than it used to be. I still prefer Monero for it’s full privacy but both are good
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