r/ltc

BIP-110 Bitcoiners want to fork since BIP 110 failed...
▲ 31 r/ltc+2 crossposts

BIP-110 Bitcoiners want to fork since BIP 110 failed...

Correct me if I'm wrong, but I'm fairly certain LTC does what all these people wanting to fork are asking. They seemingly want two things:

1.) Smaller op return

2.) Different mining algo.

But be fair launch proof of work with no insiders waiting to rugpull them. Well:

Litecoin already does that from my understanding. Bitcoin Core v30+: ~100,000 vbytes default data-carrier limit
Litecoin Core: 83 bytes default

BTC: SHA-256

LTC: SCRYPT

https://www.youtube.com/watch?v=QMeceiUktIk

This is an opportunity to educate these people that another version of Bitcoin does what they are asking already and was a fair launch. I suspect the argument against it is "Charlie sold", but remind them Charlie didn't have any advantage over the hundreds of other miners that were mining at launch. So get out there and evangelize these BIP 110ers!

Even with this horrible sentiment, LTC is still doing ~ 150k transactions per day. I have a hunch that'll be significantly more than the Bitcoin fork will pull. Also if this is about the node runners and decentralization, LTC node is ~200 GB vs BTC's like 700 GB or whatever.

P.S. rather than just downvoting, provide an argument. Reason with me. Let's talk about this rationally

u/Awkward-Silver1333 — 3 days ago
▲ 4 r/ltc+1 crossposts

BCH vs LTC

I’m just trying to educate myself. Are BCH and LTC more or less competing for the same thing? More transact-able POW coin with a fair launch? If that is the case which I believe it is, why not consolidate only to one? If all efforts went into one, let’s say LTC, that would give a much stronger energy behind the coin. Does this make sense or am I missing something big?

reddit.com
u/Awkward-Silver1333 — 11 days ago