Post
Topic
Board Bitcoin Discussion
Re: Litecoin v. Bitcoin
by
TheMage
on 02/09/2015, 01:41:05 UTC

Litecoin will do what it needs to do in order to scale when the time comes, and I can guarantee you that it will be much smoother than what is going on with Bitcoin right now.


Do you think it would be any different if Litecoin was in Bitcoin's position? It's very easy for things to go smoothly if there's no pressure.



I guess you would have to define "pressure". A lot of the pressure, publicly at least, has been artificially created. With that said there potentially could be a need to do something now, but like politics there seems to be extremes in the debate. Personally I support Jeff's BIP100 solution with the expectation that it gives a little more time to research and discuss for more permanent solutions.

I will say this, I've been researching all of this with what little time I have and plan to release a paper on the block size. I was hoping to do it before the scaling Bitcoin workshop for submission but unfortunately it will not be ready by then. This also serves a dual purpose since i'm sure I will be intimately involved when the decision is made for Litecoin.

Also those involved in the Scaling Bitcoin Workshop are involved with Litecoin as well. People can hate on other communities as much as they want but when push comes to shove we still believe that we are all in this together and must help each other out. Bitcoin, Litecoin, or any other crypto out there.