Satoshi's original vision now lives on in LTC!

My assumption is that Bitcoin has drifted away from the original vision that Satoshi intended. It’s clearly stated in the whitepaper “a peer-to-peer electronic cash system.”
But look at Bitcoin today, new narratives pushed by institutions and large investors have turned it into something to be hoarded, not used.
This accumulation by a small group is a major irony it has become a new playground for the elite.
Data shows that less than 2% of wallets control over 90% of all circulating BTC, much of it held in exchanges, ETFs, and custodial services.
Now, it’s clear that Satoshi’s original vision is alive in LTC
Those who think critically won’t miss this.
Stay sharp out there

3 Likes

Bitcoin is best suited for HODLing—holding long-term to reach the moon. Its scarcity and security make it ideal as a store of value rather than everyday cash. Meanwhile, crypto like Litecoin (LTC) and others excel in liquidity, enabling fast transactions and easier access to funds, sometimes with minor losses. This complements Bitcoin’s role, aligning with Satoshi’s vision of peer-to-peer cash by providing practical, spendable alternatives.

1 Like

I agree with what you said. I wrote before, that LTC feels like the early days of BTC. I think that’s how it should be marketed. I don’t like bringing up BTC when you’re talking about LTC and saying it’s silver and gold. I think it would be more respected if it had independence from BTC. BTC has ego, LTC has none and I think it needs some edge to it. I love that I can invest in LTC (cheaply) and use it knowing it’s secure, permissionless and decentralized vs. other ‘alts’ that we don’t know what the future holds for. But as far as peer to peer, well I don’t know… It’s so valuable and as long as everyone is paid in fiat it makes no sense to transact with it until one day it gets mass adopted. We’re in a strange phase of currency right now. I’m not sure it will every make sense to spend my crypto until I am of old age and still yet have to convert it to fiat to make purchases… We will see what the future holds, I am just grateful I get to be an ‘early’ adopter as the market makes it mind up on crypto over the next decades of my life. Whatever the case I will hold and pass it on via a trust when I am gone. So SOMEONE will get to enjoy it :slight_smile:

With AI making waves in the world, I would hate to spend my crypto when you never know what the economics of our world will look like when the layoffs get greater, and those entry level jobs shrink. Accumulating crypto during this phase in society seems to make sense to me, because we haven’t experienced any real scarcity in it YET, but when we do we will be able to measure the risks of trading it for fiat…

It makes sense for a number of reasons:

  1. Promotes use-case of LTC.
  2. Makes the mining profitable in bear markets.
  3. Wards off proposal of ‘tail emission’ instead of 84 million limit.
  4. Boosts individual freedom.
  5. Diminishes the reach and profitability of Surveillance Capitalism.
  6. Makes crypto seem a reasonable choice for merchants.

People who don’t actually use litecoin are dependent on those who do for the eventual success of the coin.

Could you explain this tail emission statement you made

When Satoshi created bitcoin, he very much wanted to counter the endless money printing of the fiat system, so he made a strict 21 million limit. As you know, this ensures that the money gets more valuable over time, all other things being equal.

But there’s another way. If you keep a constant emission schedule, then the more overall amount, the lower the inflation. Monero (XMR) has this system. There is an infinite supply of monero, but a fixed rate of release. When you get billions of monero, but only 1.2 (or whatever) released every block, the inflation rate is miniscule.

Now, many people are saying this is the better system.

The reason is that miners won’t be happy when the work they do yields no new bitcoin or litecoin.

(You probably know all this, but it’s worth summarizing)

Fees come to the rescue. As fees go up, the miners are under less pressure to make a profit from the newly minted coin.

You don’t get fees without people actually using the crypto.

I believe that this isn’t something that will only bother us in 2050 or whenever in the distant future. Over the next few years, we will have an increasing amount of people saying that tail emission is the way to go. Already, Peter Todd, bitcoin’s most famous developer, is suggesting that bitcoin could switch to a tail emission schedule.

For those who think this is a terrible idea, they need the miners to earn fees. Hence, they need a lot of activity on the blockchain. Hence they need people to use the crypto, rather than just hoard it.

I’m going to disagree with the NEED to transact with LTC in order to gain traction. If we take any lessons from BTC we can see that people see the value in it as a digital currency, not just because it makes it easier to transact, but at current time, it’s more so that you can store your wealth in it as a digital asset vs. the failing fiat.

In some instances, like the trucker protests in Canada a few years ago where the prime minister froze some of the drivers’ bank accounts, and BTC was used to donate money; that was a good use case for transacting with it. It’s an awesome technology, but to say that it NEEDS to be transacted with in order to gain a following I’d have to disagree with. BTC has to be converted to fiat still, and look at how much it has returned in profits since it’s inception.

Fastforward to XX many years into the future, when the need for transacting it will become a necessity, it is already in place, but I see no reason it has to be used now. It will be really easy for vendors to set up a wallet in their storefront when that day comes. Or for two parties to simply exchange QR codes over the internet. The tech necessary for day to day transactions is already there. Maybe not at the speed we wish (in my opinion) but enough to be a workaround to the banking system we use right now.
I just don’t see pushing others to spend what I see as a savings, as a way to move this into the public acceptance… I’m not sure what will shift the attention to LTC…there’s tons of people in the crypto space already that probably don’t understand the tokenomics behind the very coins they own… the failures of a lot of the sh-tcoins haven’t stopped anyone from the pump n dump schemes. The POTUS even participated…

You haven’t dealt with my arguments, except maybe (1).

I believe you’re saying that Satoshi’s vision of a decentralized, peer-to-peer cash, was a good one, but we can just wait for some time in the future (a decade? Two decades?) when we’ll actually use it and in the meantime we can just spend s***ty fiat pseudo-money.

I can’t prove you wrong because we’ll have to see how things pan out.

I believe that your position taken to its logical conclusion…

  • …makes litecoin fight giant cryptos like XRP and ETH on their own terms while taking away LTC’s biggest advantage- a very stupid tactic.
  • …puts litecoin on a path to irrelevance, as less and less merchants bother to accept it, and more and more payment gateways exclude it
  • …is analogous to someone buying MacDonalds shares because of its real-estate value and then hoping that nobody eats there.

The market will decide. You can’t force anything that isn’t meant to be. I am drawn to crypto specifically to safeguard my future from the collapsing fiat standard. Spending LTC right now would be self defeating as I have a long-term holding position on it. There’s plenty of liquidity at the moment, and when it gains traction it will have multiples more, even with loads of people like me trying to hoard as much as they can. I am trying to meet a goal of becoming independently wealthy and having the ability to pass along my wealth to my offspring, that I don’t want to think about having to struggle the way I did so far in my life.

Why even be concerned with XRP and ETH? Apples to Oranges. Merchants interest will rise with general interest. If it’s in the shadows now of course no merchant is going to put the extra energy into setting up a kiosk for payment. But the second it becomes a good idea to their business they can have one set up same day. Mcdonalds is actually (partly at least) a real-estate business from what I have read.