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Thoughts on adoption: until things change, Litecoin's fate is simply tied to Bitcoin

Thoughts on adoption: until things change, Litecoin's fate is simply tied to Bitcoin

Litecoin Reddit

Reddit / Litecoin Reddit 35 Views

CONVINCE ME I'M WRONG: Litecoin will not see significant, independent adoption until some combination of the following happens:

  • Tax regulations change that make spending with crypto / Litecoin a tax advantage
  • A major retailer incentives usage on a mass scale (ie. Starbucks)
  • We see a price spike followed by a period of low price volatility
  • Mimble Wimble becomes a viable privacy solution with exciting new use cases

UNTIL THEN:

Litecoin is nothing more than a high liquidity tool to augment Bitcoin, who's lower price point allows lower net worth investors to emotionally feel better about accumulating whole coins. This means Litecoin's price is primarily determined by Bitcoin.

NO HATE: I love the Litecoin Fam, but I cringe every time I see the "adoption team" waste efforts on one off Mom and Pop shops. The f'ing Dallas Mavericks aren't seeing people pay with crypto... you're wasting your time!

IDEA: Create a portal with thousands of businesses who agree to offer a DISCOUNT for online services if paid in Litecoin. That is a REASON to spend with Litecoin.

submitted by /u/civ111
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