I can no longer recommend it as a good investment at this point in time.
Are you a financial advisor?
I will give them (well
Warren) a bit of credit for improving some security issues on both Litecoin and Bitcoin, but they do not see the glaring issue in that the end users dont actually ever see these improvements.
Since when does innovation = success and only in that case? How about I name drop on you: Toyota, Honda, Kia, etc. They all COPIED Ford yet they haven't changed much about the design of a car in the innovative sense, yet they have been successful.
innovation =/= success
innovation =/= market acceptance
innovation =/= network effect
Crypto currency users/investors want new and improved features
Thanks we can all speak for ourselves. The free market will speak for itself as well and prove your statement true or not. But it isn't for you to claim it as true.
By staying three steps behind Bitcoin in the crypto currency wars, they are positioning themselves to be obsolete if Bitcoin is ever supplanted by a new crypto currency that is much better.
Looks like Litecoin did just well when Bitcoin forked the block chain in March of 2013 due to the fact that it was 1 or 2 releases/versions behind Bitcoin.
I made a hard push to get Litecoiners behind the idea of implementing new decentralized features, such as asset exchanges and decentralized applications, and I was completely ignored by the developers and dismissed by most of the Litecoin faithful.
So you were depending/expecting others to do it? Why don't you take it upon yourself to hire people to do what you want to get implemented then have it released out into the wild so people can choose to adopt or not? That seems like a better approach than yours described above as a "hard push" which equates to posting on a forum. lol
This is how the best development team operates? Completely ignoring their user base and someone that has gone out of his way to support Litecoin time and time again?
You sound very judgmental here. Not everyone can always respond to everyone and just because you didn't get an answer or the answer you wanted isn't reason enough to give up and whine. I've donated to the litecoin development team 1000 LTC and haven't made as much ruckus about them ignoring people as you have. Time and time again? You make like you donated enough funds to get the changes you wanted done done. Yet you should just get it done yourself if you are that passionate about it instead of complaining so-in-so is not doing what I asked or isn't responding to my request for these changes.
This is not the only case where the developers have done as they pleased, many voiced concerns about ASICs coming online and ruining the decentralized nature of the network, making people pay for hardware that will never ROI and sadly has little to no resale value, and suscept the Litecoin mining community to pre-ordering hardware they may never even see (or at least they likely will never see on time before the difficulty skyrockets like what happened with Bitcoin.)
1. No one makes people pay for hardware. They can make their own choice.
2. ASICs can't be stopped. Changing the mining algorithm would mean a hard fork which likely will burn many users who are not paying attention to the update. Also it would only delay the inevitable that ASICs would be created to do the calculations for the new mining algorithm.
3. Complaining that mining is a fool's game sounds like your version of not looking at the risks of mining before investing and now hind-sight is getting the best of you.
Litecoin is not a back up to Bitcoin. If a huge flaw is found in Bitcoin and someone attacks it, Litecoin is likely to share that flaw.
And you think newer code bases for other coins which have not been as extensively tested for flaws would be a better choice? lol
Crypto currencies will certainly take a hit if Bitcoin dies, however it will not be the end of this movement I am certain of that.
For once I agree with you. The genie is out of the bottle.
I never felt welcomed, and was often chastized for my opinions. Although Coblee was very nice when I met him at the Bitcoin 2013 conference, he literally ignored me after that.
Well boo hoo.
Coblee was nowhere to be seen in the Litecoin community. Once the price started to rise he suddenly showed up and started making an effort. I have no problem with that, but I couldnt help but notice the coincidence.
No one is required to be at a certain place at a certain time. Some of us have lives and to make a judgement purely on him is childish.
For instance, Coblee seemed genuinely excited and even encouraged me to make my physical Litecoins at the Bitcoin conference in 2013, even stating that he wanted one! He completely ignored me after this, only replying to one of my controversial posts when the ASIC debate was at its peak. I have seen him supporting Smoothie and his ventures, and even the new Coinographic guy, but he never once supported me publicly- only privately in conversation and then ignored forever.
So because in your view Charles didn't "support" your physical coin efforts in the way that you had expected you are going to complain about it? Charles wasn't always available to me when I sought him out. But you don't hear me crying about it as I am aware he is a family man and has much more important responsibilities than "making Coinhoarder feel like he is supported in his physical litecoin endeavor". lol
I have much more respect for Coinographic because so far he has not given me a reason to not like him. He so far has kept his word and looks like he has his sh*t together. There are some things he has yet to deliver on but time will tell on that. He hasn't used me or my coins as a basis to lift the development of his coins up (in words) as you have done in the past.
Faster block times are no longer a good selling point, as there are other coins with faster block times that dont have a huge problem with stales etcetera. Anywhere in between a minute and two and a half minute block time does not suffer from the things that Litecoin says will happen if they go any faster, at least not to the point where it is a huge problem. Everyone knows by now that Litecoin confirmations are less secure than Bitcoin confirmations.
I personally believe there is a market for faster transaction confirmations. Bigger purchases can stomach longer confirmations like in Bitcoin. But if you are going to pay for coffee who will wait for 10-60 minutes for a bitcoin confirmation? There has to be something to fill that market. Whether it is LTC or not is irrelevant. The faster block times in my view is a good positioning mechanism in the crypto space at least for litecoin it is.
It is going to take something truly innovative to supplant Bitcoin, and by coincidence Litecoin as well since they are content blindly following Bitcoin.
Last I checked Litecoin was never meant to replace Bitcoin.