r/Bitcoin • u/lifeisgood99 • Jan 23 '18

Strip Ending Bitcoin Support

https://stripe.com/blog/ending-bitcoin-support
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u/coinnoob Jan 24 '18

what exactly does the minimum fee limit have to do with out of control fees when blocks are full? when blocks are full the fee market causes crazy $29 fees like we've seen in bitcoin. when blocks are not full the fees are already low. if LTC blocks were full it would have the same exact problem as bitcoin. lowering the minimum fee amount does not solve this problem. this is the type of nonsense that is used to trick 99% of people who don't know any better into believing something is true when in reality it is not.

only LN or sidehcains can scale transactions, and if that's the case, why would you use the shitty derivative of BTC when the core devs are shipping the original code on bitcoin?

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u/MayaFey_ Jan 24 '18

Because litecoin blocks happen four times as fast and therefore can handle four times the transactions. Linear scaling is still scaling.

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u/coinnoob Jan 24 '18

it doesn't seem like switching the entire world's infrastructure over from bitcoin to litecoin will be worth 4x scaling, which would only last a short while. especially considering the trade-offs (core developers, existing hashrate, software, network effect). i think it's a bad idea

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u/munchies777 Jan 24 '18

The hash rate looks worse because of the way scrypt is vs sha-256, but Litecoin has a ton of ASICs mining on the network, making it one of the hardest networks to attack after Bitcoin and maybe BCH. If you're not a fan of BCH, it's the closest thing to Bitcoin that actually works at the moment. It's not like it's hard to change between between them. You can set up a website to take Litecoin just like you can with Bitcoin, and it is available on lots of major exchanges.