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>> No.58969861 [View]
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58969861

>>58969834
>Litecoin has proven resilient and has huge transactional volume
Litecoiners live in a world of cope where LTC is "fast" and does "huge transactional volume".
Reality:
>it takes 15 minutes to do a transaction on Litecoin (6 confirmations), making it nowhere near one of the best cryptocurrencies for quick transfers
>It has never done more than 1.3 million on-chain transactions in a day (source: https://bitinfocharts.com/comparison/litecoin-transactions.html#3y)) and is in fact incapable of doing more than ~5 million or so with is 54 tps throughput. That's not really "huge transactional volume" for a global network
The other selling points you've come up with for LTC are fine. It's old, it's got pretty widespread adoption, people trust it. It's shown long-term stability. Fine. But it's not fast or scalable. It wasn't even fast/scalable for 2014, let alone now.

Litecoin has the same exact speed and scalability issues as Bitcoin, fundamentally. They just sped the block time up by 4x, but that comes with other tradeoffs such as slightly weakening the security by increasing the stale block rate. It's fundamentally not an improvement over BTC, but rather a trade-off. And there's some really dumb money in LTC that doesn't seem to understand that and seems to think that Litecoin is some kind of holy grail that solves Bitcoin's speed/scalability issues.

>> No.58865828 [View]
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58865828

>>58865738
Even if Kaspa devs premined 30% of the supply (which they didn't), it wouldn't have affected decentralization as much, because those coins would give them no ownership or power over the network.
It raises serious centralization concerns when a proof-of-STAKE network delegates a significant STAKE to its founders for FREE. Because those coins represent one's voting share in the network, owning such a large share gives them disproportionate dominance over network consensus, and due to the nature of PoS, they have the ability to maintain that dominance essentially for free - indefinitely - and there's nothing that anybody can do about it! You gotta be fucking kidding me with that crap!

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