Why I stacked #Bitcoin all of 2020 but started stacking #Litecoin in January 2021: 👇A thread: 👇
What is #Litecoin #LTC was created in Oct 2011 by computer scientist Charlie Lee, an ex-Googler.
$LTC is based on Bitcoin protocol but it has a different hashing algorithm, and the total supply is capped like Bitcoin, but a higher number of total tokens (84M vs 21M).
Gold vs Silver #Litecoin is scarce in the same way #Bitcoin is, but it is cheaper and faster to transact in on the base chain (Layer 1). This leads to the narrative that #LTC is the "silver" currency to #BTC's "gold" store of value.
Its network is 10 years old with 100$ uptime.
@elonmusk@CathieDWood@jack@elonmusk "For #crypto in general, that it can improve the efficiency of the information system we call 'money'. And more power to the individual which I very much agree with."
@elonmusk@CathieDWood@jack@CathieDWood " ... convergence of blockchain technology and artificial intelligence from a technology point of view.
Think about Internet in the earliest days. Impetus to grow was pretty incredible.
[It will] change the world in ways we cannot even imagine right now."
@Jack Dorsey
"We are still fairly early" in #Bitcoin
"I want a currency that is standard and sound - for (use on) the Internet"
@CathieDWood@ARKInvest
"#Bitcoin is a global rules-based system. [Scarcity and store of value means] purchasing power WILL go up globally around the world" with Bitcoin
It's so funny to watch people openly demonstrate their ignorance.
Just because you don't understand something, doesn't mean it's "stupid".
Humble yourself and maybe you'll learn.
If not, that's fine, there's always next cycle.
Some of you doubt me.
But I'm writing a book right now.
It's already in process.
I've told you how it's going to end.
We're just writing the chapters right now. #GoldenRatio#Bitcoin