How to impact a blockchain (A thread):

The last 48 hrs has proven to be a full blown experiment on the #Litecoin blockchain with the announcement of the RPG game @litebringergame

It has shown how the use of every move in the game affects #LTC in various ways (cont...)
2/ #Litecoin's daily numbers are fairly consistent, from hashrate, trx fees, volume, etc.

But after the announcement yesterday that #Litebringer was live & built on the #LTC blockchain, those numbers changed drastically in some areas.

Was that good or bad? Let's find out...👇
3/ On any given 24 hr period, #Litecoin has approximately 40k trx's.

Avg. trx's per second for the past 90 days was around .45.

As of the announcement, 24 hr trx's were up to +60k & avg. trx per second was as high as .70+ (raises of 33% & 36%)

Cont...
4/ These are obviously positive numbers for #Litecoin!

But by having so many micro trx's under $1, how did it affect things like median trx value & median trx fee?

The median #LTC trx value in a 24 hr period avg's between $35-$75, mostly sitting at around $50

This is good...
5/ With a current median #LTC trx value of only $17.35 since #Litebringer was announced, it has been cut in 1/2

With median trx fees plummeting to $.0002 from around $.0005-.0008 previously.

Some may say the game is 'spamming' the blockchain with each move as a trx.

Cont...
6/ NMO's (Non-Monetary Outputs) do indeed add trx's to the #Litecoin blockchain, but unlike other blockchains, the trx's are not coming from a fabricated network created by the creators of the blockchain.

The makers of @litebringergame have been around for decades.

Cont...
7/ So has the #Litecoin blockchain benefited from the increase in trx's, but decrease in median #LTC trx value?

YES

#Litebringer from @CipSoft has brought additional attention and usage of LTC, through micro trx's via legitimate gaming.

Cont...
8/ Ultimately @litebringergame has provided evidence of a desire for gaming on the blockchain where every move is recorded through trx's made in #LTC

This in itself shows value beyond the $'s & proves the flexibility, cheap fees & speed of #Litecoin

This makes us all winners

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More from @DaddyCool1991

28 May
A thread:

Non-monetary inputs are an important indicator of actual usage on a blockchain. #Litecoin's NMO% is 2% or lower. Many times 0%.

This chart below shows #LTC is 99% used for monetary trx's.

Others use it for sending weather, info, etc.
Know what you are investing in.
Over the past 24 hrs, there were 30,559 #Litecoin trx's worth $83,876,422. With a median trx value of $58.93 & median trx cost of $0.00081.

The last 24 hr non-monetary output % was 1%.

That means 99% of all #LTC trx's involve actual monetary trx's between wallets. Continued...
#Bitcoin has a NMO% of <2% over the past month as seen below.

This also shows that #BTC is sent for mainly monetary purposes. Just like #LTC.

#BSV consistently has a NMO% of 25-50% which means almost 1/2 of what is sent on the BSV blockchain is not worth anything. Continued...
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