Post
Topic
Board Altcoin Discussion
Re: User Luke-Jr claims Litecoin is a "quick pump and dump scheme" on Wikipedia
by
cdog
on 01/05/2013, 04:19:18 UTC
it's sad that some people are actually investing in Litecoin. Litecoin and other near-exact Bitcoin clones have no chance of going anywhere, and it's a tragedy that people are spending time on them rather than Bitcoin or an altcoin that actually improves significantly on Bitcoin.

Really? Really?

You dont think Litecoin significantly improves upon Bitcoin, even though its a lot faster, easier to mine, and is orders of magnitude more secure?

OK fine, you can have your opinion, we are all entitled to one. But dont forget, a lot of the most ardent LTC adopters have been BTC supporters for years and are happy to support a new currency while they continue to support Bitcoin.

The worst argument against LTC is that by somehow supporting both currencies, you are somehow detracting from Bitcoin. Thats patently ridiculous. Its like saying, because you like Vanilla, you are Anti-Chocolate. You know what kind of ice cream I like? A Neapolitan - its a blend of vanilla, chocolate, and strawberry. I hold stock from Apple, Microsoft, and Google.

Right now, in my view, there is no real Strawberry in the cryptocurrency world, but its pretty damn clear what Chocolate and Vanilla are. When a lightspeed Taco flavored currency is released onto the market, I will be the first to support it. But Im not interested in pyramid schemes, scams, pump-n-dumps, or flavors of the week - and Im sure many of you know what coins Im referring to.

Litecoin has no chance of going anywhere? O rly? RLY? Then how do you explain how Ive made more mining and investing in LTC than most working stiffs make in a year? Im investing in the infrastructure and starting a business that accepts Litecoins. Im trading them for fiat which Im spending at local businesses while I explain to them the benefits of cryptocurrency and why they should accept BTC and LTC.

Dont be be bitter than you wrote off Litecoin as some second class citizen. Its easily earned its place as the silver to Bitcoins gold. If you cant see that reality yourself, you have your eyes wide shut.