Post
Topic
Board Speculation (Altcoins)
Re: Litecoin's comeback
by
Abiky
on 28/03/2024, 02:42:44 UTC
Do you guys make posts like this to fill your daily campaign quota or what? Roll Eyes

The BTC network is still decentralized, despite BlackRock having tons of BTC:

https://miningpoolstats.stream/bitcoin

I don't see LTC changing either:

https://miningpoolstats.stream/litecoin

For now. But things could change in the future if miners and node operators defect to companies' own interests. What's stopping BlackRock and other giants from running their own nodes and miners? If they accumulate a large portion of the circulating supply, self-custody of BTC would be hard to achieve in the long run. We should empower people to take control of their own keys/seeds instead of leaving their coins at a CEX or custodial wallets.

I'd say Litecoin is a better option than Bitcoin right now because it isn't mass-accumulated by institutions yet. There are no plans for a spot LTC ETF right now (AFAIK). The cryptocurrency isn't as hyped as BTC is, anyways. I'd prefer LTC to remain a lesser-known cryptocurrency even if that means lower market prices in the long run. It's not always about money, is it? Cheesy