/biz/ - Business & Finance

>>2738362
>LITECION WILL NOT REPLACE BITCOIN. ANYTHING THAT LTC CAN DO BTC CAN DO.

But that wasn't true three weeks ago- I had to move some crypto very quickly and BTC took too long- Ethereum network as likewise clogged to shit. I converted to litecoin and, fast Tx, low fees. Owned it ever since.

These coins are supposed to work for you, and BTC and Eth lost customers in the last month. Eth more so, but both are a service. And you're a cuck if you sat at your computer waiting for a transaction that took hours or was rejected and you remain a customer of that same coin. In Ethereum's case, that damaged not just Eth's reputation but calls into question the viability of any ERC20 token than uses the Ethereum network.

For bitcoin, in the near term, its shit like https://medium.com/@jimmysong/uasf-bip148-scenarios-and-game-theory-9530336d953e that make me think they could just manage to completely fuck everything up. The so-called "governance" of this coin is about 200 people each packed into the equivalent of buses, playing chicken. This is the stupidest shit I've ever seen. Whether you are on the "right" side or the "wrong" side, the fact is a lot of people apparently have way too much power over the network and they could be very unreasonable. Bitcoin should never have depended on unpredictable and unreliable people but thats the situation we're in.

Its hard to see how litecoin is going to go bad and its recent track record is very good. Its consensus governance has been proven to work with segwit, its PoW is robust, its distribution is fair, its deflationary with limited supply.

Its doing good work, its a good store of value. I'm not saying anything the market isn't saying.

prepare to be surprised.

time to switch some Bitcoin over to Litecoin you'll be happy you did