Is Litecoin the next Bitcoin?
No, unfortunately it's a centralized grift, be aware!
Like most alternative cryptocurrencies, Litecoin differs fundamentally from Bitcoin's decentralized, trustless design.
Critical breaches of Trust by Litecoin
| Principle Broken | Specific Issue |
|---|---|
| ❌ Trustlessness | Charlie Lee sold all LTC holdings at market top, December 2017 |
| ❌ Trustlessness | Accused of leveraging Coinbase role to secure LTC listing |
| ❌ Trustlessness | Allegations of "pump and dump" after June 2017 Coinbase departure |
| ❌ Neutrality | CFTC fined Coinbase $6.5 million for wash trading LTC/BTC 2015-2018 |
| ❌ Neutrality | Irregular trading spikes before Coinbase listing announcement |
| ❌ Neutrality | Public Twitter exchange suggested Lee had prior listing knowledge |
| ❌ Proven Security | Wash trading on LTC/BTC pair undermined market integrity, 2016 |
| ❌ Fair Launch | 150 pre-mined coins created for testing purposes |
| ❌ Decentralization | Mining now dominated by ASICs in enterprise data centers |
Why Bitcoin?
Bitcoin is the only truly decentralized cryptocurrency. It has no CEO, no company behind it, and no central authority that can change the rules. Unlike Litecoin and thousands of other cryptocurrencies, Bitcoin's supply is fixed at 21 million coins, and this cannot be changed.
Most alternative cryptocurrencies (often called "altcoins" or "shitcoins") are created to enrich their founders and early investors. They often have:
- Centralized control and decision-making
- Pre-mined tokens given to insiders
- Unlimited or changeable supply
- Unproven technology and security
- Heavy marketing but little substance
Don't fall for the hype. Educate yourself about Bitcoin and understand why it's different from every other cryptocurrency.
Learn About Bitcoin
Understand what makes Bitcoin different from every other cryptocurrency. No CEO. No company. No central authority.