Thread by @lite_hause

⏰Litecoin's Bull Case re-visited
1/15
As the longest surviving crypto aside from BTC, Litecoin, now 10 years old, has seen a lot over the years. Recycled comments about it being a "boring coin" have dated back to 2011 on its BitcoinTalk thread, but, it's still here. Why?

Cutting to the chase, it's proven to be reliable (it has the longest continuous uptime of ANY crypto), is convenient and very cheap to transact with (the infrastructure is already built), non-security like (fairly launched and so far, regulation friendly), and has a very loyal

group of die-hard supporters--the last possibly being its best feature. Why? Because 99% of crypto's do not survive 2+ bear markets. For that matter, many don't even survive even one. Litecoin has persisted throughout the best, and *worst* times of the crypto space, and is here.

Its Lindy effect and long term reliability have, as of this year, allowed it to become integrated into PayPal, Venmo, BitPay (which, after just a few months of being added, has already outperformed Eth/Doge/BCH/others in number of payments), AMC theaters, Regal, multiple banks,

European ETP's, the list goes on and on. When you watch financial news, it's always the BTC/ETH/LTC price tickers that are being shown. Litecoin isn't waiting on some major promised upgrade to become a usable day-to-day currency, it's *already here* and fulfilling its promise.

Litecoin is a low-maintenance protocol that simply must pump block after block to live up to its purpose. Saying that, contrary to noise in the space, there's innovation and development occurring on Litecoin's protocol. MWEB, the major fungibility and privacy preserving update

being led by Grin++ dev @DavidBurkett38, which is en route to being released Q1 of 2022. Not to mention, the just-finished development of OmniLite (NFT/DEX/Token creating platform), and an upcoming user-friendly Lightning Network wallet being launched in the near future.

More than anything, under current global circumstances and the high inflationary period we're currently finding ourselves in, it seems logical that hard capped money such as Litecoin or BTC could potentially act as a value preserver. Litecoin's third halving will occur in 2023.

There's only about a year and a half left to go before Litecoin's newly introduced coin supply is permanently cut in half, once again. Litecoin doesn't claim to be some flashy crypto protocol promising it can do what 10 crypto's can "all in one"--Litecoin's main objective

is to simply work as intended and be a reliable crypto you can count on to store and transact with--it has not let us down. Many protocol's prioritize "building fast" over network security, and when it comes to people's invested money, could be a detrimental decision.

Although Litecoin is still one of the most used crypto's, you probably won't hear about it much in comparison to other coins because the project didn't have a premine--no coins were awarded to project devs, creators, marketers, promoters. It didn't raise hundreds of millions in

an ICO to get started. There isn't a whole bunch of money on the sidelines to pay crypto youtubers and famous twitter accounts to talk about it. Because of this, it'll probably be harder to come across a video about it by a famous YouTuber. Litecoin is a lot more grass-rootsy,

which makes it all the more impressive in regards to how it's the longest surviving altcoin. On the contrary, most crypto's didn't have fair launches. I used to think Litecoin's best assets were its technical features, but now, I think it's the community behind it.

Defying all odds, competing against projects with hundreds of millions in pre-raised money, against coins with billionaires trying to push their investment forward, Litecoin has stood its ground. I'm counting on it continuing to kick ass against rich VC's trying to make a buck.

Which fundamentals do you stand by?

#Litecoin

@AriDavidPaul @zhusu @LynAldenContact