I've been spreading my lies all over the Steem blockchain!

Somewhere along the way I read something and got a little confused about Litecoin distribution. I know it's a fork of Bitcoin so I knew the blocks would start out at a reward of 50 coins, but this whole time I've been acting like the last halving event was the first one...

Uh... It's not.

Second halving... yes... of course. How did I miss that?

Is it better to correct yourself or be corrected?

It honestly doesn't even matter.
All the numbers I've been using (2.6 million coins/year subtracted from liquidity) have been accurate.

• 50 coins per 2.5 min
• 1200 coins per hour
• 42 million in four years.
• 21 million for the next four years.

Summary

• Litecoin founded in 2011. (50)
• First halving: Aug. 26, 2015. (25)
• Second halving: August 5, 2019 (12.5)
  • 75% of all coins have been mined.

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Extremely Bullish Speculation

What's gonna happen when Bitcoin has $50 transaction fees again? Lot's of people are going to look elsewhere. Litecoin looking pretty solid. Nice Bitcoin clone that's a bit faster at the cost of slightly reducing security.

Litecoin has survived for 8 years under attack as a robust solution to transfer value inside a transparent borderless peer-to-peer network.

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Think about all the people who are going to put the time in to learning Bitcoin. They feel exhausted... They're over it. They aren't really in to learning about new tech shit... but they did it. Good for them.

Oops, Bitcoin transactions are now $50. Remember all that stuff you learned about Bitcoin? How would you like to learn about a completely different network all over again?

Hell No thanks, what are the other projects closest to Bitcoin?

_{Litecoin (2011) and Bitcoin Cash (2017)
Time in the market means something.}

There are going to be a lot of people who use crypto with zero intent to invest.

Do you think they're going to diverge from the opening gates?
Maybe eventually?
Some don't.

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Trickle-Down Theory works with systems that are highly inefficient.

The reason it works is due to the root of the inefficiency:

Trust.

The inefficiency is caused by verifying certain levels of trust.
Therefore when trust becomes a valuable commodity, Bitcoin money overflows into all of the other projects. No one thinks we are going to have another dumb money ICO cash grab frenzy.

Really? Not in the most complex technical market of all time? There really is no more dumb money left? Are you sure?

We're creating synergistic economies and have no idea how they are going to react with the world. This rocket ship is headed past the moon and we have no idea what's out there in the darkness.

Bitcoin is for rich people... super rich people. The richer Bitcoin gets (doubling every year) the more poor people at the bottom are going to be punted off to other chains. No one cares about a $50 charge on a transfer of $10k.

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Demand is going to grow to use the most secure network to transfer value. Many players all around the world are going to be willing to pay that price.

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Lightning Network?

What's the point of using Lightning Network if you're on the bitcoin blockchain to get the most secure transaction? We seriously need to ponder this. Lightning Network could easily turn into a dead technology if a different network does the same job with more convenience.

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That's the beauty of this new open-source economy. All roads are being tested. We are bound to find the one that leads to economic salvation.

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Bitcoin will evolve into a tool of the elite.

How could it not?
Seriously though.
It's the network with the highest security... It is literally designed to be utilized for transactions that require the highest security.

Which transactions require the highest security?

The ones that have the highest value.
_{You were never meant to buy coffee with Bitcoin.}

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When the legacy economy is in shambles from rampant unabashed corruption what are all these floundering corporations and governments going to do?

They'll do what they always do. We can always count on the market to be greedy. They're going to latch on to anything that isn't going down in flames. Precious metals and Bitcoin are the safest bets by far.

Forced to use Bitcoin.

It's already happening slowly. Bitcoin is clearly on the front lines all across the world when it comes down to laying a foundation for the open-source economy.

That foundation will allow other networks to move in on top of it. Bitcoin provides the security and robust unchanging dependability. There are still thousands of other needs yet to be met.

Conclusion

Litecoin is a redundant technology. Few understand that the most robust networks require this kind of redundancy. We need to stop applying the lessons of the legacy system onto the open-source economy. Those experiences do not apply to the new emerging system. The equation to Dot Com and other technological bubbles is going to burn a lot of investors.

This digital gold-rush is completely new and unexplored territory.