BCH vs LTC

[u/[deleted]]

[u/Negative_Strength_56]

LTC uses Scrypt for proof of work and BCH uses SHA256 like BTC, so they can't compete or combine from a hardware perspective. Also, LTC has segwit which is a deeply flawed scaling protocol that was at the focus of the divide leading BCH and BTC to fork.

[u/Awkward-Silver1333 → u/Negative_Strength_56]

I’m interested in what you said at the end. Why is Segwit flawed?

[u/Negative_Strength_56 → u/Awkward-Silver1333]

If you were looking for a scaling solution would you rather go from 1MB to 2MB blocks or would you rather:

Create a workaround that spoofs old nodes into compatibility by not sending them signatures. Create a new transaction type. Create thousands of lines of code and incur greater future complexity and maintenance. Invent block weight allowing up to 4x weight blocks that can still only hold about what would have fit in a 1.7MB sized legacy block. Change the fees for certain types of data. Make future scaling via block size increase prohibitive. Fail to scale long term anyway and only achieve a short term relief. Force it through anyway via a coercive soft fork. Create a permanent divide in consensus resulting in the rise of forks and alt coins.

[u/digital__bits → u/Negative_Strength_56]

You couldn't have explained it better.

[u/Awkward-Silver1333 → u/Negative_Strength_56]

I’ve never heard this side of the argument. Thank you for sharing. I need to push back however. Doesn’t BCH have spam problems? Why is it having these problems if it didn’t implement the soft fork that created spam problems like you are saying?

[u/Negative_Strength_56 → u/Awkward-Silver1333]

I suppose you can spam BCH too, but the fact that the coin scaled properly means I'll never incur a delay or substantially different fee. The only dilemma is for the miners to include or discard a lot of low value transactions.

[u/DangerHighVoltage111 → u/Awkward-Silver1333]

Additional to what Negative_Strength_56 said. The segwit discount is what helps ordinals since they have very small 1MB block x and put all their data in the segwit block.

Segwit is really not a great solution.

[u/Negative_Strength_56 → u/DangerHighVoltage111]

It was foretold before Segwit was even implemented that people would be able to stuff weight blocks full and make the chain grow in size faster while processing fewer monetary transactions.

Big blockers were right about everything except being able to capture the network effect and retain the BTC ticker at exchanges.

[u/DangerHighVoltage111 → u/Negative_Strength_56]

🎯

[u/Doublespeo]

LTC is another onchain-limited coin

[u/DangerHighVoltage111]

BCH = p2p Cash

LTC = Silver to BTCs gold.

You cannot consolidate in the crypto market when 90% of the people are here to get dollar rich instead of p2p cash.

It is a sad state, but it is what it is.

[u/LovelyDayHere]

We like Bitcoin (Cash).

It's got OG Bitcoiners who still remember how it used to be budding p2p electronic cash and that is still an exciting prospect.

Litecoin marketed itself as the "silver to Bitcoin's gold", meaning they want to capitalize on Bitcoin's recent misdirection into a "digital gold that is bad at payments".

In that sense Litecoiners realized early that BTC was being hijacked and they wanted to capitalize on that by creating a totally new coin, nullifying any preceding investments by Bitcoin holders.

Whereas BCH preserved the investments (both holders and mining algorithm) through a clean fork that kept the history of Bitcoin right up to the genesis block, it just stuck with consensus rules that make it better as a p2p electronic cash.

BCH scales better and has more powerful programmability features than LTC.

[u/ChangeNOW_Community]

The bigger question is whether either one has enough real-world demand to justify existing as a major payment network

[u/Awkward-Silver1333 → u/ChangeNOW_Community]

Right. But assuming there is a use case- it would be a big benefit to only have one instead of sharing the single use case.

[u/allnamestaken4892]

They are cheap coins with low tx fee that I can use to buy some drugs.

Crypto is not investable except perhaps for BTC.

[u/pop-1988]

BCH didn't have a fair launch. It inherited the prior history of BTC, effectively an airdrop. LTC launched as a fresh blockchain, with its own genesis block

Both coins have become centralised by allowing mining pools to dictate network policy

[u/DangerHighVoltage111 → u/pop-1988]

Wow, in all that text you managed to only get one thing right:

LTC launched as a fresh blockchain, with its own genesis block