Quote from: Come-from-Above on January 25, 2015, 01:06:20 PM

this thread is a 'correction' thread to ElDudess propaganda censored hitler-style thread "2015 the year of the litecoin" (ROFL) . the little asstwat is gonna delete all criticial posts to make it seem all dem ppl love litecoin LOLOOLOL

Quote from: El Dude on January 25, 2015, 09:25:06 AM

A lot of people are going to be extremely butthurt if they don't hold Litecoin in their Crypto portfolios this year. Here's why

http://www.reddit.com/r/litecoin/comments/2tgjto/official_litecoin_developers_and_litecoin/cnywl9x

truth: Litecoin is an absolute pile of junk garbage bullshit of dem crap holders. any1 who says it got future is a mere bagholder of that utter crapz LMAO

here is some analysis worth readin:

Quote from: CoinHoarder on June 25, 2014, 02:10:25 PM

Hm, it is getting boring to me to hear the Litecoin faithful repeat the same mantras over and over, which I have refuted in detail, but none of them seem to be able to come up with a good retort. So, I will summarize here for those that may not have been following the thread. I may repeat some things I've already said, but that's just because no one has come up with a good answer for them yet. There are more half truths that they are spreading, but these seem to be the most common.

Myth #1: Trolls have called Litecoin dead before, but it hasn't happened yet, so that means it is not happening right now.

Logic Re: Myth #1: Most of the "Litecoin is dead" threads they refer to to make this point were from one to two years ago. I do agree that Litecoin was an easy choice back then to be the #2 crypto and was unlikely to die for obvious reasons. I myself defended back then. However, the dynamics of the free market have changed greatly since then. There wasn't really a good alternative to Litecoin or Bitcoin back then. Since then there have been numerous cryptos that have quicker block times, more features, more innovative proof of work protocol or alternatives, just as big of communities, and more developers. In an industry that moves as fast as cryptos are moving, you can't hold onto tired old mantras such as this when the dynamics have changed vastly. Due to rapid technological advancements, and the competition being innovative and forward thinking, companies can become obsolete very fast and I see no reason why this does not hold true with crypto currencies. When it comes to Myth #1, Litecoiners are living in the past. By the way, Smoothie hasn't figured this out yet and I guess there are probably others too, so I will explain it. The title of this thread is poking fun at the other "Litecoin is dead" threads and is a satirical hook. I thought it was a pretty catchy title myself, but maybe that's just me.

Myth #2: The Network Effect... cause just because.... The Network Effect.

Logic Re: Myth #2: I have already covered the network effect extensively in this thread and no one from the Litecoin camp seems to be able to come up with a good retort. The network effect is very powerful, however the network effect is exponentially more powerful for Bitcoin than it is for Litecoin. It is Bitcoin that is in the news all day every day, not Litecoin. Litecoin does get more attention than most other alternative crypto currencies, as they should because they are the guys to beat right now. This could change quickly, and if you read my examples of innovative companies completely killing less innovative companies, you will understand what I mean. I agree Litecoin has it's own network effect, however it is not nearly as strong as Bitcoin's network effect. Search Bitcoin in Google news and tell me how many articles pop up, then do the same for Litecoin, there will be many less articles about Litecoin. Litecoin has a small network effect that is somewhat limited within people engaged in the crypto currency community, however Bitcoin's network effect stretches much wider than that. Since Litecoin's network effect is limited somewhat to people engaged in the community, they are more likely to look at Litecoin for what it is.. Bitcoin with a few changed parameters. When it comes to Myth #2, Litecoiners are in denial.

Myth #3: Innovation does not translate into acceptance or success.

Logic Re: Myth #3: Sure, innovation doesn't equal acceptance or success on its own merits, however it certainly helps. The more innovative coins that have been released in the past year are sitting on top end of the crypto market cap list, and the cryptos that didn't are sitting at the bottom. According to Litecoiners this is purely coincidence... Furthermore, acceptance and therefore success will come for the most innovative cryptos as it is easier to determine who the leader of the pack is. Right now it is a hard decision as to what cryptocoin 2.0 protocol has the best chance for success, so payment processors and exchanges are hesitant to add them to their services (although the most forward thinking ones have already done so.) Over time this will work itself out. In the Field Of Dreams the saying goes, "if you build it they will come". I like this line of thinking when it comes to cryptos. Although they might not be widely adopted right when they come out, I believe that eventually (if there is added substance and value on top of Bitcoin/Litecoin) it is only a matter of time before the crypto community comes. (wow.. that totally didn't sound right.. Cheesy

).

Myth #4: Litecoin is accepted at more merchants than other alternative currencies (as to a reason for it still being a good long term investment).

Logic Re: Myth #4: Sometimes cryptos (Litecoin or Bitcoin) are being used to transfer money and make purchases, however most users are still using them as a speculative vehicle to make money. If you really think that Litecoin is being used everywhere for ecommerce, then I have a bridge to sell you. When I had a physical crypto business I offered two ways to pay, through Paypal and through Coinpayments.net. I would venture to guesstimate that 95% of the orders were made using Paypal. The answer as to why is obvious, since cryptos have been going up in value so much over the past couple years, no one wants to spend their cryptos and would much rather use FIAT. This was only about 6 months ago, and I can guarantee you it has not changed much since then. Furthermore, the popularity of multi-coin payment processors are going to accelerate the adoption of newer innovative cryptos. As merchants demand more payment options for the convenience of their customers to receive more business, payment processors will adopt the most popular and valuable cryptos (which I am speculating will be the most innovative ones).

~CfA~

2014 was not the year of Bitcoin. The price is rebouding now 1 LTC = 2$.