Post
Topic
Board Altcoin Discussion
Re: rpietila Altcoin Observer
by
smooth
on 29/07/2014, 04:35:11 UTC
Monero is just a Litecoin ?

No. The economics are quite different.

Forking makes economic sense when the mining gets too far ahead of the adoption, because new adopters gain more by adopting a coin without the legacy holdings than they lose by adopting a coin with smaller network effect.

Bitcoin was far more highly adopted (and less mined) by the time Litecoin came along which is why Litecoin was never able to eclipse Bitcoin the way Monero has eclipsed Bytecoin.