Litecoin

“I mean, look, there's a lot of assets in the top 10 that most people who are sophisticated retail market participants view as, you know, garbage, XRP, Cardano, Litecoin, Bitcoin Cash, etc. I cannot explain to you how those assets are trading nine, 10 figures a…”

“So I sold all my cryptocurrency in 2015. Like when there's this big bear market included. Yeah, Bitcoin. I had a bunch of Bitcoin, a bunch of light coin, and I was just like, whatever like this is a bear market was like three years. At that point. So, you know…”

“The first money in Boston insights was mined in a basement. And still yet, we haven't diluted. We have, we've essentially raised a seed round, almost a million dollars, but we haven't diluted at all.”

“But to me, like the price doesn't matter because it's kind of just all speculation right now.”

“So the major difference is, is Litecoin is, is faster than Bitcoin in terms of transaction speed or blocks, block speed. And there's more amount of Litecoin out there. There's four times as many Litecoin units than Bitcoin.”

“Another analogy that people can think of is Bitcoin would be your savings account, and Litecoin would be your checking account. So you would keep for long-term store of value, Bitcoin is definitely well, arguably better, and Litecoin is better for a day-to-day…”

“I mean, for me, it's only if the value goes up. Like, I have an investment in Bitcoin and Litecoin, and if the value goes up, I make money. And that's true for most people.”

“No, no, definitely not. I don't have, I definitely don't have the largest holding. I know quite a few people who have more Litecoin than me.”

“Well, I created Litecoin, but I didn't, like, pre-mine coins. I didn't create coins for myself, right? I had to mine the Litecoins or buy the Litecoins off exchange just like anyone else.”

“So I kept it very similar to Bitcoin where every four years the reward halves. So as, so I, it has enough like runway to succeed. Right. If you make it have to, too soon, then the coin before it succeeds, the rewards will run out.”

“For example, this year we activated Segwit, which is a huge improvement to the protocol on Litecoin before it activated on Bitcoin.”

“Actually, our work, I believe, helped it get activated on Bitcoin to show that Segwit is actually a good upgrade and has none of the fear that people associate with it.”

“Back in August there were probably people afraid of the Bitcoin hard fork. Litecoin was a good hedge against that. So People started buying up Litecoin and they kind of snowballed and kind of shot up and then it found it's kind of the right level right now.”

“It has four times the block space. So right now it scales better than Bitcoin and transactions are faster.”

“Pretty much, Bitcoin is going to be the best store of value, and Litecoin being faster, more nimble, will be, and also have cheaper fees, will be better used for transactions as a payment method.”

“Like, Litecoin hasn't experienced any kind of pressure to fork. I think there are so many other cryptos out there, so if you disagree with the direction of a crypto, it's always easier for you to just join another crypto community.”

“So, for example, Litecoin was able to activate SegWit back in April, May of this year, whereas it took to August before Bitcoin activated SegWit.”

“I think there will be a slight to quality. So people would Sell their tokens for Ether, and potentially sell their Ether for Bitcoin. So, it would crash a lot of the ICO tokens, a lot of the altcoins, but I think it would be good for the stronger currencies ou…”

“Biggest misconception, I guess it would be that people would think, You have to buy one whole Bitcoin or one whole Litecoin. People then realize you can actually buy, like, a small portion of a Bitcoin. I guess that helped Litecoin in some sense, where people …”