Sharing thoughts just to discuss and get other perspectives.
TL;DR: LTC coexists with BTC peacefully because it’s an integral part of BTC that actually has a central figure with no financial conflicts of interest
Although most people outside of this sub seem to down litecoin because of this, the biggest case for litecoin is its tie to bitcoin. Imo if bitcoin does indeed become a true store of value, what’s the quickest / cheapest way to transfer it? i see three options
1) Atomic Swaps from BTC to LTC (which may or may not necessarily be a taxable event?)
2) Going through an exchange (decentralized or otherwise)
3) going directly through bitcoin
Of these options, #1 seems to make the most sense, particularly with smaller transactions. Litecoin also becomes the preferred path because it’s quicker, more confidential (with MW) and cheaper.
Of course there are other coins that have cheaper and quicker transactions, BUT back to the logic above - only litecoin has the same kind of direct access to bitcoin (wrapped variants are subject to network fees if i’m not mistaken - ie bitcoin being on ethereum still has gas fees and is more complex than btc to ltc).
So given LTCs proximity to BTC, a developer team that has a willingness to continue working and improving the network + a figurehead in Charlie, i really do believe litecoin is just as inevitable as bitcoin.
What are your thoughts + biggest concerns about ltc?
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