RE: Is Litecoin The Next Big Play?

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Litecoin has a bunch going for it, not mentioned here. One being that it is merge mined with DOGE, so when you are mining one, you are mining and getting paid in both. This increases the strength of both networks. It also helps the ASICs that mine it keep their resell value. Unlike BTC where every halving and every upgrade kills the previous machines and tanks their value, DOGE/LTC miners do pretty well at keeping it. LTC deals with a halving like BTC, but DOGE does not, so it keeps that miner value going.

Also, LTC now has optional privacy features with MWEB (MimbleWimble Extended Blocks) that can be used from the CORE wallet, or now with the Cake Wallet. I hear others are going to add it in the future as well.

In my opinion, the best thing for LTC was Charlie selling his coins. That takes that 'Satoshi' sized wallet out of the equation really. He even said it had nothing to do with the fact that he didn't support it, he is the creator and didn't want his wallet having the same stigma and hold over the price as Satoshi's.

I own more LTC in dollar amount than BTC, by far, because it's works great, it's fast, and it's CHEAP to transact with. It's my 2nd largest holding behind Monero outside of Hive. I can spend it in all the same places that you can spend BTC, but at a fraction of the network costs, so I get to keep more of my coins.

Just my input on one of my favorites, lol.



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