Litecoin (LTCUSD)

[Ramiel]

I think 10% attention 2 years ago is much too high. Heck, not even 1% of the world has a bitcoin wallet yet. SMH. What you saw in the winter of 2017 is the Wall Street whales testing the scalability of Bitcoin’s blockchain. Besides slow transaction times and high fees, it passed with flying colors. Developers are hard at work implementing segwit and the lightening network which will improve speed and fees but it’s just a bandaid. Scalability will once again become an issue once segwit/LN limits get tested. This time the market cap will blow by last year’s ATH and we’ll have similar dissention amongst the bitcoin developer community on how to solve these new scalability problems. But that’s way down the line. Bottom line is Blockchain technology has proven it’s virtually unhackable (bitcoin’s blockchain has never been hacked. Specific wallets have been but the blockchain itself hasn’t), definitely immutable, and definitely scalable to a $325 billion market cap (bitcoin’s ATH estimate). Segwit/LN will allow greater scalability and faster speed to a point. How high can Bitcoin market cap go with Segwit/LN? We will definitely find out but I can promise you that this isn’t the final solution to scalability. What is? Maybe a new token or technology using Block-lattice technology (basically using trees and ending balances on the blockchain recorded on “trees” instead of every transaction ever made in the ledger recorded on the blockchain stored on a block). Will Bitcoin/Litecoin implement this emerging technology via a hard fork or will some other crypto (NANO) overtake Bitcoin with this better tech? Only time will tell but we are years away from finding out.