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Q: Is Litecoin The Future of Cryptocurrency?

is this a bettr altrnatve to investin' in bitcoin ?


Despite bitcoin’s relative youth at just under 10 years old, its fervent popularity has spawned a cryptocurrency revolution and several competitors. An influx of new money from both retail investors and institutional entities means that these alternative cryptocurrencies, or “altcoins”, are under new scrutiny as traders look to diversify away from bitcoin. One of the most prominent among them is Litecoin, in terms of mass appeal, market capitalization and potential for adoption.

Litecoin’s drama-free community and even keel give it less volatility and a steady trend, making it great for arbitration, trading, spending, or even fundraising. Savvy cryptocurrency enthusiasts have compared bitcoin’s market capitalization to Litecoin and done the math based on its maximum number of coins and other traits and have almost unanimously declared that it is undervalued. Even so, with much progress being made on the Lightning Network, Litecoin may one day soon evolve into the truest form of cryptocurrency yet, and leave the others in the dust.

3 years 31 weeks ago in  Money & Banking - China

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Make your own whenever you want.

The way I see it, is that fiat currency needs to have a guarantee of some sorts. National debt for example. The creditors dont want the debters to pay off what they owe by printing more money, because then you end up with inflation.

Crypto currency seems to me like a gold standard. Cryprto and gold are both mined. The more you invest in mining, the more you produce. But if you hit a mother lode, how to prevent devaluation?

With gold standard it is easy... hide it.

Crypto currencies... they are a bit like using acorns... make a new currency, plant a new forrest.

Problem with crypto... nobody has responsability to tend the forrests.

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3 years 31 weeks ago
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