Bitcoin is your “bank account/gold bars”...Litecoin is your “checking account/debit card”

Source: https://segwit.org/my-vision-for-segwit-and-lightning-networks-on-litecoin-and-bitcoin-cf95a7ab656b

There will be changes in 2018 to both Bitcoin and Litecoin networks. Bitcoin was the pioneer in crypto’s, but Litecoin was not too far behind in terms of when it came on the market. Bitcoin has become famous for it’s reliability and security as crypto —- it’s like your own personal vault.

Bitcoin and Litecoin are both “limited” in terms of # coins ever to be mined. Bitcoin’s limit is 21M and Litecoin is 84 Million...both are @ 75% mined today. Bitcoin for example allows 1800 BTC to be mined....in 4 years this goes down to 900 BTC per day.

Some refer to Bitcoin as “gold” and Litcoin as “silver”. I would refer to an analogy of Bitcoin is your savings account you rarely touch and Litecoin is your checking account or Debit card you use daily.

Below are transactions across these two coins (and others....note Steemit ). As far as a CURRENCY goes, there is really only Bitcoin and Litecoin that are in the top 5 today.

PROBLEMS — ISSUES — SOLUTIONS AND 2018

We all know that Bitcoin is slow for transaction confirmations — and expensive to use today (which is why I wonder why people use it like a debit card). Litecoin today, is quicker and cheaper transaction fees.

2018 is going to add new software to BOTH Bitcoin and Litecoin. You see they share the same architecture / heritage and what is developed on LTC may be used on BTC and vice versa —- it has to go through their adoption process but they can share.

Anyway, Litecoin and Bitcoin will be adopting the Lightning Network “hopefully” in 2018. I think LTC will be first to roll and BTC may take longer (bigger highway with more off ramps to consider). Lightning networks will SPEED UP both BTC and LTC to handle more.

LTC fees will even become LOWER and the speed will be extremely quick — but neither one can handle 7.4 billion people simultaneously —- so there will always be room for more crypto’s doing what they do— many can win.

$0 Fee using LTC back in Sept 2017 testing of the Lightning Network (with Charlie Lee — creator of LTC)

For 2018 — I see Litecoin moving quicker than BTC — implementation of the Lightning Network and because of the speed and fees — you will see more “partnerships”.

RUMOR #1 - Facebook — Litecoin will be part of the Coinbase plug in on Facebook sometime in Q1 which can be used to by users to purchase cryptos — that would be big.

RUMOR #2 - Amazon - Litecoin will be part of a number of cryptos that they will accept for payment.

As far as fees go, Litecoin will be used more because it costs less and these merchants also REQUIRE fast processing times — this is where the Lightning Network will offer both — but LTC will be first.

The investor part of me says “why use any of them in 2018”??? The new 2018 Tax Ruling means you have to pay Capital Gains taxes (short term or long term) on every transaction — #1 who wants to do that? And #2 — who wants to keep track of that ? The tax law needs a look again — they were trying to under $600 transactions as tax exempt — did not make it into the bill this go around.

Also, there is another capability called “Atomic Swaps”...what ????? Yes, you will have the ability to instantly transfer between BTC/LTC WITHOUT GOING THRU AN EXCHANGE...imagine that.

Atomic Swaps can be used for more than just LTC to BTC

So back to the title — Bitcoin is your savings account and Litecoin is your checking/debit card...it’s all about speed and fees.

I’m ok with BTC taking their time and doing it right or what they need to solve....what is the rush? Litecoin will essentially be implementing many enhancements that will be great for users. And for investors that are HOLD’RS....well you are seeing the price jump.

They say Litecoin would be 1/4 the price of Bitcoin... because it has 4 times the coins of BTC. If this is true, than Litecoin is going to have a sweet year.

Appreciate your comments...