So... hype and momo. If Bitcoin gets SegWit and other options to make it transact faster, I don't understand why Litecoin has any value at all.
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So... hype and momo. If Bitcoin gets SegWit and other options to make it transact faster, I don't understand why Litecoin has any value at all.
This is one of the reasons I have cautioned ppl when writing about LTC, as a long term investment could be risky, a lot of it's current price action relies on BTC's failures. That being said, I would argue that if BTC implements SegWit the we get both LTC and BTC running lightning with Atomic swaps between the two, that could be awesome! I think there is definitely value in having a secondary currency that has a strong network and community behind it.
But that's the thing: there are lots of contenders for that secondary currency these days. I appreciate your thoughts!
I am not disagreeing with you, as I said LTC is still a bit of a risk play for the very same reasons you mention. There are literally hundreds of competitors...but if lightning went live on both BTC and LTC you could potentially have atomic swaps, were you could change between the two without using a third party. LTC also has a strong community behind it, which is very important. But yeah who knows maybe there will be a coin that hasn't even been created yet that lands itself the #2 spot.
No problem! Thanks for the questions, debate and discussion is awesome, makes everyone smarter and the tech stronger! Have a great day!
Agreed, it's useful and I very much appreciated your post!
I think Litecoin will need to figure out the next innovation if BTC activates SegWit and Lightning Network successfully.
Now, one interesting thing that could happen is where Bitcoin is faster but still not as a fast as Litecoin, and as you mention converting between Litecoin and Bitcoin becomes transparent and would not need an exchange... that could change the game.
Agreed! :)