So little activity until 1st of April. What gives... https://www.coingecko.com/en/price_charts/litecoin/btc/90_da...
Litecoin founder came back and started working on SegWit.
Coinbase adds support for Litecoin
11–20 of 257 posts
Re: Coinbase adds support for Litecoin
#12Would a vendor like coinbase be subject to any legal repercussions if its employees purchased litecoin before the option to purchase went live, and the price spiked?
Insider trading laws are for stocks. If you somehow know in advance that a currency or a commodity is going to spike in price, you're free to hoard as much of it as you like. It's debatable which one of those two a cryptocurrency is, but it's definitely not equity.
Re: Coinbase adds support for Litecoin
#13It will take significant time and effort to overtake Bitcoin's name recognition and first mover advantage. However, there's also an advantage to being a second mover that can adapt quickly to a changing environment... I doubt Bitcoin will be the supreme crypto-currency in a few years. It's just too implausible that Bitcoin is perfect enough as is, and/or the community will be able to implement any needed changes befo…
Name recognition lol, there's a significant advantage to not being called bitcoin.
Re: Coinbase adds support for Litecoin
#14[deleted]
Re: Coinbase adds support for Litecoin
#15It seems to me that this is still speculation based on the idea that increased exposure will increase investment in it which will drive the price higher to punters buy up LTC anticipating that it'll rise and thus it self-fulfils. I don't really see what fundamentals have changed to spur such a climb.
Re: Coinbase adds support for Litecoin
#16Litecoin spiked up from $16 to $36 this morning. Trading on GDAX (also part of coinBase) has far lower fees (0.25%) than coinBase (1.5%)
Re: Coinbase adds support for Litecoin
#17Segregated witness should activate in litecoin in about ~6 days.
Re: Coinbase adds support for Litecoin
#18It will take significant time and effort to overtake Bitcoin's name recognition and first mover advantage. However, there's also an advantage to being a second mover that can adapt quickly to a changing environment... I doubt Bitcoin will be the supreme crypto-currency in a few years. It's just too implausible that Bitcoin is perfect enough as is, and/or the community will be able to implement any needed changes befo…
Agreed on bitcoin not being the perfect solution for crypto. I think Ethereum has a ton of potential in this regard. Smart contracts have many applications and provided the developer community around Ethereum continues growing, I see no reason why it won't overtake Bitcoin within the next 10 years.
Re: Coinbase adds support for Litecoin
#19It will take significant time and effort to overtake Bitcoin's name recognition and first mover advantage. However, there's also an advantage to being a second mover that can adapt quickly to a changing environment... I doubt Bitcoin will be the supreme crypto-currency in a few years. It's just too implausible that Bitcoin is perfect enough as is, and/or the community will be able to implement any needed changes befo…
Bitcoin has by far the greatest amount of research and intellectual effort driving it, and it's far from a static protocol. It doesn't need to have gotten everything perfect, it needs to change just quickly (or slowly) enough to retain its core value proposition vs. other cryptocurrencies.
Maybe it will get replaced, maybe not. But there's no question to me that Bitcoin is by far the most decentralized, most secure, safest option of all the cryptocurrencies, including the nasty miner situation happening right now.
Ethereum is in second place, but the dev team has worked hard to maintain full control over the direction of the protocol, including frequent hardforks and promise of future hardforks.
Ethereum offers a lot that Bitcoin does not, but if the valuation were to pass Bitcoin's I think it would be fair to state that it's because the market has chosen to prefer low security, low decentralisation, high (yet unrealized) innovation potential over a decentralized payment system.
I wouldn't consider it a bad thing for bitcoin, and I also wouldn't consider Bitcoin dead or misplaced if it gets passed by ethereum in market cap. The decentralization is what is meaningful to me, and I don't know anything else remotely close.
Re: Coinbase adds support for Litecoin
#20It seems to me that this is still speculation based on the idea that increased exposure will increase investment in it which will drive the price higher to punters buy up LTC anticipating that it'll rise and thus it self-fulfils. I don't really see what fundamentals have changed to spur such a climb.
Segwit and Lightning Network; agility of Litecoin to evolve and advance. These are the reasons LTC is moving now.