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by cheesylard 4581 days ago
Please, someone, get this trash off of the front page. Not only is this entire article completely content-less, but the number of fallacies in it is palpable.

I wasn't going to waste my time on this, but after skimming for 20 seconds I came to this:

> In many ways, Litecoin is looking like a better investment. For Litecoin it is still early days because the infrastructure is not quite there. However, it looks to be a more promising currency from the technical standpoint, e.g., allowing faster transactions and a longer time until the end of the mining cycle.

Faster confirmations DON'T MEAN SHIT. Just because it takes 2.5 minutes for a Litecoin confirmation doesn't mean it is any better. Yeah, a Litecoin confirmation is 4x faster than a Bitcoin confirmation, but all that means is that a Litecoin confirmation is 1/4 as secure as a Bitcoin confirmation. Which is actually worse, when you think about it because the blockchain is more bloated.

>Its current market capitalization is $215 million, giving a factor of 45 potential growth to simply catch up with Bitcoin.

Are you fucking serious?

1 comments

Just to clarify, the transactions are actually instant in Bitcoin. What takes ~10min are the confirmations, which like you said, take time for a reason: security.

Litecoin adds nothing to the table.