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Topic
Board Beginners & Help
Re: What will Litecoins be worth in a year or two?
by
psybits
on 18/12/2012, 18:10:03 UTC
What about the faster rate to confirm transactions?

If litecoin were to become a popular worldwide currency in the future, it would not be unreasonable for block propagation times to reach 1-5 minutes. This would dramatically increase the rate of orphaned litecoin blocks, reduce the network security and make litecoin unusable. If it were that simple, wouldn't bitcoin use shorter times, too?

Now if litecoin has no future by design, the value will eventually reach 0.

Interesting. What about the increasingly difficulty? Blocks will get harder to mine naturally - no? And how do you know increased orphan blocks (if they occur) would reduce the network security and therefore make LTC unusable? I am genuinely asking as I want to know as much as possible about it!