You are viewing a single comment's thread from:
RE: LITECOIN Finding New Support At $82.50
What do you think Litecoin offers that Bitcoin or another general use crypto currency doesn’t? There seems to be so many coins that seem functionally identical to Bitcoin what makes Litecoin different?
Two major things for now. 1) transaction speeds and 2) fees. Bitcoin is the fundamentally worse crypto and long term it will fail.
Oh for sure. Do you think Litecoin is the best replacement or is there another more viable crypto currency for general use?
My personal opinion is that any crypto that only has the use case of financial value transfer will fail. Cryptos like ethereum and steem will be the most succesful since they are multi purpose.
I think you’re right. If you associate a token with a tangible product then you can foster adoption with a tool that people can more readily understand.