Post
Topic
Board Altcoin Discussion
Re: Litecoin's transaction in $99 millions
by
o_e_l_e_o
on 23/04/2018, 19:25:12 UTC
This transaction is worthless as a measure of it being a good coin. Just as big transactions are a worthless measure for all coins. How often do you think people are transferring $99 million? Exactly. I want to know how much the fees are when I pay $1 for a hamburger or $2 for a coffee. If the fee is still $0.40, then that's 20-40% of my payment, and your coin is useless.

We should be judging coins on their speed and cost for small transfers, not large ones. And I do like Litecoin for various reasons, but there are coins like Nano that have zero fees.