Books should transition to Lite Coin

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  • jake2014
    SBR Rookie
    • 02-12-14
    • 34

    #1
    Books should transition to Lite Coin
    Low fees and Faster. They need to say goodbye to Bitcoin.
  • Roger T. Bannon
    SBR Hall of Famer
    • 06-28-18
    • 5139

    #2
    The fees will just go up for the other currencies. Anytime you have a middle man you are going to get fee'd. The more popular the currency becomes the higher the fees will go. That is the fatal flaw of crypto. You have to have fees and the people operating cryptos are all scammers.
    Comment
    • jake2014
      SBR Rookie
      • 02-12-14
      • 34

      #3
      Originally posted by Roger T. Bannon
      The fees will just go up for the other currencies. Anytime you have a middle man you are going to get fee'd. The more popular the currency becomes the higher the fees will go. That is the fatal flaw of crypto. You have to have fees and the people operating cryptos are all scammers.
      There are plenty of others, Competition will stabilize prices.
      Comment
      • Roger T. Bannon
        SBR Hall of Famer
        • 06-28-18
        • 5139

        #4
        Is it stabilizing bitcoin? When you have a currency that is based on making a profit, they will seek maximum profit. The fees will go down when the currency collapses but when it collapses there will be no fees to be had.
        Comment
        • ace7550
          SBR MVP
          • 05-08-15
          • 3729

          #5
          Originally posted by jake2014
          Low fees and Faster. They need to say goodbye to Bitcoin.
          Totally agree. I only use litecoin to deposit now unless it isn't an option. BTC costs 10 dollars to send. LTC costs 10 cents.
          Comment
          • NYproGambler
            SBR High Roller
            • 12-11-18
            • 178

            #6
            but don't you think that if books switch to lite coin, that means more ppl will use it and fees will eventually go up. no? maybe not as high as bitcoin anytime soon but I am sure we will see the increase and there will be delay as well too.
            Comment
            • ace7550
              SBR MVP
              • 05-08-15
              • 3729

              #7
              Originally posted by NYproGambler
              but don't you think that if books switch to lite coin, that means more ppl will use it and fees will eventually go up. no? maybe not as high as bitcoin anytime soon but I am sure we will see the increase and there will be delay as well too.
              It doesn't quite work that way. The value of LTC would have to be much much higher for the fees to also be a lot higher. We wont see LTC transaction fees over a dollar anytime soon.
              Comment
              • jake2014
                SBR Rookie
                • 02-12-14
                • 34

                #8
                Originally posted by ace7550
                Totally agree. I only use litecoin to deposit now unless it isn't an option. BTC costs 10 dollars to send. LTC costs 10 cents.
                What books take Lite coin?
                Comment
                • ace7550
                  SBR MVP
                  • 05-08-15
                  • 3729

                  #9
                  Originally posted by jake2014
                  What books take Lite coin?
                  Pretty much all of them at this point. Off the top of my head: bol, bm, betus, betnow, youwager, gt, and many more.
                  Comment
                  • jake2014
                    SBR Rookie
                    • 02-12-14
                    • 34

                    #10
                    Originally posted by ace7550
                    Pretty much all of them at this point. Off the top of my head: bol, bm, betus, betnow, youwager, gt, and many more.
                    Thanks I have a Bet online account. I asked Bet Any Sports, they told me to use another book
                    Comment
                    • ThaWoj
                      SBR Hall of Famer
                      • 03-09-10
                      • 6760

                      #11
                      Originally posted by ace7550
                      Pretty much all of them at this point. Off the top of my head: bol, bm, betus, betnow, youwager, gt, and many more.
                      I wish nitro took alt coins
                      Comment
                      • pimike
                        BARRELED IN @ SBR!
                        • 03-23-08
                        • 37139

                        #12
                        Bitcoin cash

                        Fees are peanuts.
                        Comment
                        • povis
                          SBR Sharp
                          • 08-31-16
                          • 353

                          #13
                          Bitcoin is trash i wish more books had litecoin deposits
                          Comment
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