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r/CryptoCurrency
307
Posted by
Platinum | QC: LTC 214, CC 43 | TraderSubs 190
5 months ago
GoldTo The StarsTimeless BeautyHelpfulWholesomeFaith In Humanity RestoredSilver4All-Seeing Upvote2

Friendly reminder about Litecoin (hate away, I don't care)

After all the shit with Luna, UST and other crap, a friendly reminder about Litecoin, which boasts 100% uptime for more than 10 years since inception. The only thing lagging is price, but if you're looking for a real, true, solid crypto, remember:

- OG, created in 2011 as a clone of bitcoin but on its own blockchain (not a fork like btc cash, btc sv, btc gold etc) but faster with negligible transaction fees.
- Hard capped supply at 84 million coins that will ever exist (21 million for bitcoin) = scarcity.
- Lightning fast transactions thanks to lightning network (shared with bitcoin, also atomic swaps) = scalability.
- Privacy (optional!) and fungibility thanks to MWEB.
- Security thanks to PoW through scrypt.
- Liquidity thanks to being on basically every exchange.
- OmniLite for creating NFTs, smart contracts, stablecoins, decentralized tokens.
- Adoption, most recently Paypal, Venmo, AMC, Regal, Newegg, interactive brokers, Grayscale eyeing a spot ETF conversion, top alt on Bitpay, Amazon, Verifone, VISA, litecoin in most ATMs that have bitcoin including El Salvador, Coinstar, several banks globally, etc.
- The Economist put litecoin on the cover next to bitcoin for their 2022 issue.
- Charlie Lee, the founder, sold his coins in 2017 to make litecoin truly decentralized. And he's still, half a decade later, working on litecoin and matches donations!

Other crypto might be fast, OR scarce, OR secure, etc. Litecoin does everything.

287 comments
76% Upvoted
level 1
Comment removed by moderator · 5 mo. ago

3 more replies

level 1
Comment removed by moderator · 5 mo. ago
level 2
· 5 mo. ago
Altcoiner

Like ElonDogeSafeToDaMoon?

35
level 2
Op · 5 mo. ago
Platinum | QC: LTC 214, CC 43 | TraderSubs 190

Yeah, best listen to Mike Novogratz. He told people to buy LUNA and asked CNBC to remove litecoin from their crypto ticker because the litecoin foundation didn't have a secret stash of coins to lend him for manipulation, because it is decentralized and not up for VC ponzi schemes.

49
level 2
· 5 mo. ago
Platinum | QC: BTC 39, CC 15 | Politics 308

Wish I were smarter and knew how to short most of the new coins, should have just shorted the coinbase stock!

6
level 2
· 5 mo. ago
Platinum | QC: CC 46, BTC 33 | TraderSubs 25

You joke but this sub literally has a hard on for centralized, pre-mined, VC run, shit coins.

2
level 1
· 5 mo. ago
Platinum | QC: CC 182, BAT 19 | ADA 20

I use Litecoin to pay my contractors in other countries. I do not treat it as an investment. It is a tool, as money should be. It is not an investment vehicle.

129
level 2
· 5 mo. ago
Platinum | QC: CC 136

Wow. That's actually a really brilliant way to pay immigrant wages.

25
level 2
· 5 mo. ago
Platinum | QC: CC 516, ETH 62, BTC 45 | r/Prog. 58

If this is the case you should be rooting for Litecoin's value to be very stable

ie: zero chance for number go up

17
level 2
Op · 5 mo. ago
Platinum | QC: LTC 214, CC 43 | TraderSubs 190

That's the goal, sound money.

22
level 1
· 5 mo. ago
Tin

2nd post today I've seen on litecoin. 🤔

79
level 2
Op · 5 mo. ago
Platinum | QC: LTC 214, CC 43 | TraderSubs 190

Glad to hear it, it usually gets zero space in this sub.

45
level 2
· 5 mo. ago
Silver | QC: CC 297, GPUmining 20 | ADA 16 | MiningSubs 24

People recycle posts that look like they’ve got traction and just change the wording up so it looks different.

This post has almost all the same points as the other…

6
level 2
· 5 mo. ago
Silver|QC:CC232,XLM64,LTC50|CelsiusNet.30|TraderSubs36

Litecoin clearly deserves much more attention. The price seems absurdly low in comparison to the utility.

All things being equal, Litecoins in future should equate 4:1 to Bitcoins.

So Bitcoin $100k would equal Litecoin $25k. I've no doubt where Litecoin is headed in future, load up now while you can.

1
level 2
· 5 mo. ago
Platinum | QC: CC 106 | PCgaming 40
level 1
· 5 mo. ago
Tin | Buttcoin 17 | Linux 36

Litecoin is still, from my experience, the only coin (besides fee-heavy btc) you can sell in most european crypto-atms, making it the best transitionary coin when you want to cash out quickly and anonymously. Go figure.

10
level 1
· 5 mo. ago
Platinum | QC: CC 16 | LRC 11 | Superstonk 15

LTC after the privacy upgrade is a way better coin than it used to be. I still prefer Monero for it's full privacy but both are good

55
level 2
· 5 mo. ago
Platinum | QC: CC 60 | r/AMD 37

I just use LTC as a coin to swap for XMR and avoid invasive KYC.

5
level 2
· 5 mo. ago
Platinum | QC: CC 175

MWEB for privacy along eith OmniLite for NFTs on the Litecoin chain are seriously game changers and it doesn't seem to be talked about much.

7
level 1
· 5 mo. ago
Tin

Turns out coins which are the oldest like Btc, Ltc, Monero are more decentralised, secure than coins today with new technology.

82
level 2
· 5 mo. ago
Tin | Superstonk 19

Regulators are toying with ways to get their slice of our pie.

16
level 2
· 5 mo. ago
shockingly weak aluminum

The LTC crew is coming out in force the past few days

9
level 2
· 5 mo. ago
Platinum | QC: CC 242

Because coins that are created nowadays are mainly to enrich their founders and VCs

1

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