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Old 07-16-2017, 03:15 PM   #1701
Mat Cauthon
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Re: Virtual Currency - Alt Coin Discussion Thread

Yeah, Litecoin has things going for it whether segwit activation fails or succeeds in august for Bitcoin.
If it fails, then LTC is arguably a better version of Bitcoin. I don't think it would be overall but some aspects for sure. It would probably drive at least the price relative to BTC up.
If it succeeds, then Charlie Lee's vision is possible, of cross chain atomic swaps making Litecoin a faster but less secure complement to Bitcoin, with the added benefit of scaling relief.
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Old 07-17-2017, 01:16 PM   #1702
incog27
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Re: Virtual Currency - Alt Coin Discussion Thread

Quote:
Originally Posted by outfit View Post
I would ask a lawyer.
Thanks. Would you know if any lawyers hang out at some of the forums here? I have a straightforward question about registering a business in New Hampshire.
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Old 07-17-2017, 03:55 PM   #1703
ThinkItThrough
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Wink Re: Virtual Currency - Alt Coin Discussion Thread

Quote:
Originally Posted by Nonfiction View Post
LTC has been holding up surprisingly well throughout all this which makes 0 sense to me
Nor to many other people. But I was also overly confident that ETC would be a joke, was lol-ing at my free money. While ETH still gave the better return until now, I would definitely say that my guess was way off. Even if ETC goes nowhere, it survived a lot longer than any skeptic suspected.


Quote:
Originally Posted by irockhoess View Post
People are using it as a safe harbor until dust settles w/ BTC chaos and has a lower correlation to BTC in both price and usability than ETH and its children Alts.

Seems pretty simple unless I'm missing something?
Safe harbor is a bit ironic considering the variance of alts is bitcoin squared . This will sound funny in BTC world, but i still believe fiat is the best safe-harbour against a BTC fail.

I don't see any objective foundation in the narratives such as "BTC is gold, LTC is Silver".
Or holding LTC as "insurance" against BTC.

Have to admit though, in terms of marketing/propaganda, they are a beautiful masterpiece. And if enough people believe it, it becomes true as a market reality.

For some reason ETC somewhat correlates to ETH, which is even a bigger joke in my understanding. Since if ETH fails, ETC must fail for the same reason...(until ETC has a completely different code, will not try out POS etc).

But i am just as much speculating as anybody else.

To be fair, those narratives might be the real reason for why the price of those coins is where it is. But i'm not sure that an "obvious logic" applies here where the price can obviously be deduced and explained. At least i can't
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Old 07-17-2017, 04:00 PM   #1704
andr3w321
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Re: Virtual Currency - Alt Coin Discussion Thread

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Originally Posted by ThinkItThrough View Post
For some reason ETC somewhat correlates to ETH, which is even a bigger joke in my understanding. Since if ETH fails, ETC must fail for the same reason...(until ETC has a completely different code, will not try out POS etc).)
https://twitter.com/TonyGallippi/sta...94048652967937

"ETH is the testnet for ETC"
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Old 07-19-2017, 04:09 PM   #1705
outfit
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Re: Virtual Currency - Alt Coin Discussion Thread

There goes the bnt eth price floor. So much for converting some of your "holding" eth to bnt for a minimum loss gamble. That went fast.
Maybe arbitrage traders/bots were mostly using it anyway.

Last edited by outfit; 07-19-2017 at 04:14 PM.
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