Giant wall of text.
What would be the defining point of Litecoin being dead?
You can't slowly die yet never die.
Ah Smoothie... I've been waiting for you.
I'm not surprised that you would try to focus on technicalities of the English language, and not on the arguments I have made against Litecoin. I know you are one to cherry pick the statements that support your cause and ignore the ones that don't, so I won't judge you for this. Perhaps dying is the wrong word, and "irrelevancy" is more appropriate.
thanks for this well reasoned post.
do you feel the added security of the litecoin blockchain with new asics on the way will prolong the life of litecoin, or accelerate its demise?
do you feel the added security of the litecoin blockchain with new asics on the way will prolong the life of litecoin, or accelerate its demise?
It's hard to say. I feel like in the long run it will be a bad thing, but the effects of the centralization of Bitcoin/Litecoin mining won't be felt for some time. As corporations, old money, and old money FIAT take over mining, the affects will start to show. At that point they are no longer decentralized currencies, it is moving that way already.
I think Litecoin will remain number 2 through at least the end of the year and possibly next year too. However, things are moving so quickly that it is completely possible that its demise could happen sooner rather than later. I think Bitcoin will be much harder to topple than Litecoin.
what I find odd is you already publicly declared you no longer support litecoin yet you still want to talk about it as if it matters.
You are actually the reason I started this thread. You talked very rudely about me on the Litecoin forums about my decision to not support Litecoin anymore, so I thought I would explain myself to everyone the reasons for my decision. Also, the Litecoin faithful are going around spewing their usual marketing strategies based on half truths, so I thought I would let it be known that not everyone feels that way. I am different from the other anti-Litecoin trolls in that I was a dedicated supporter of Litecoin for a very long time, and I have recently changed my mind. I thought people would be interested as to why, and it seems they are as this thread is pretty long for being up less than a day.
So why is it the few nxt fanbois constantly trolling the forum are the ones so concerned about litecoin's future
First of all, I am not a Nxt fan boi. I haven't decided which crypto will be the next one I support apart from Bitcoin, but I am leaning towards Counterparty, Mastercoin, Bitshares AGS, Swarm, Ethereum, or Maidsafe. Possibly Nxt too, although they have some trolls (which coin doesn't), they are doing some interesting and innovative things... the initial distribution is kind of a put off to me though. However, to be fair to them... everyone had a chance to invest and didn't.. that is not their fault.
Secondly, I think the Litecoiners are getting scared. They are getting more organized and are doing more projects recently than ever before. I think most of them can see the writing on the wall and are trying to "right the ship" so to speak. Not only have the Litecoin "haters" been more vocal as of late (which is totally understandable due to the points I've outlined ITT), but the Litecoin supporters are also being more vocal because their throne is being challenged. They are even sending people over here from their forums to try and prove me wrong: https://litecointalk.org/index.php?topic=20631.0
You think.
So you are just speculating.
Got it.
I'm a litecoin supporter and no I am not scared nor have I gotten the notion that the community for LTC is scared as well.
Anyone can go back into CH's post history on this forum and the Litecointalk.org forum and see how much Coinhoarder is butthurt. For what real reason I can't say for sure but what I do know is he tried to get the LTC devs to make certain changes to the LTC protocol and it fell upon deaf ears so he took his ball and went home crying.
Now he is here still talking about LTC even though he claims it will die. And instead of just seeing if his prediction is true and let it be he is still talking about LTC which is keeping it alive.
As long as people are talking about LTC or trading it or mining it...it isn't dead in my view.
Some of my opinion is based on speculation, but a lot of it is based off of facts. The truth of the matter is no one knows what will happen in the future, but this is how I think it will play out. As to me being butthurt, grow up Smoothie. I am not crying... I am laughing at how ignorant all of you are and pointing out how hypocritical the arguments for Litecoin being the #2 crypto currency are. I am certain I will have the last laugh. If you want to refute some of the points I have made in this thread then go ahead and I will debate them with you, but it seems all you have are personal insults.
There you are again nitpicking on the words of "death" and "dying", use "irrelevant" instead if it makes you feel any better.
I see value in some other alternative coins, and I even think some of them have a large chance to overtake Litecoin as people slowly realize that Litecoin is just one big marketing campaign. If your investment strategy is to look at coinmarketcap and choose the coins with the biggest market cap, then I don't feel like that is a smart investment. According to you, this is how "smart money" operates. However, I think the "even smarter money" does extensive research on all coins that are available and the ones in development, and then comes to a proper decision as to what they will put their money in. After doing this myself I have come to the conclusion that "smart money" isn't actually so smart afterall.
why should people listen to you who have been unsuccessful in your investments?
Are you part of the smart money crowd or are you not and just posturing to make people who are in the "smart money" crowd feel inferior with no basis for your claims but just "I think it is" and "I have come to the conclusion..."??
You can't preach on the topic of smart money if you yourself have not lived it and actually done it yourself.
It's like you preaching about marriage when you are divorced in your own personal life. It doesn't work as you are now disqualified as someone to speak on it and have any actual impact on the topic if your own track record proves to be the on the opposite spectrum of what you are discussing.
I have made some poor business and life decisions, but part of those poor decisions are not my ability to pick crypto currencies that are likely to blow up in value. I was right about Bitcoin and I was right about Litecoin, some of my friends and family have made bank because of me suggesting them to invest into them. However, the crypto currency landscape is changing quickly and I can no longer say Litecoin is a sure bet for obvious reasons. I have already stated most all of them, again, if you would like to debate them then lets go at it, however if all you can do is insult me then I'm just going to put you back on ignore like you were before I saw 8 ignored posts by Smoothie in this thread. This is why I have you ignored, all you can do is hurl insults at me and you can't really back up your reasoning for supporting Litecoin.