CryptoScam #3 – Litecoin (w/ Junseth)

Here is the 3rd episode of the CryptoScam podcast. In this episode Junseth and I discuss Litecoin. I try to bring up use cases for Litecoin outside of speculation like being a viable testnet for SegWit (Segregated Witness) and a potential Lightning Network channel (LN). I also understand that in the long run, Litecoin is competing with Bitcoin for the same electricity so there probably isn’t much room for multiple PoW Blockchains. In the end I give Litecoin a 3-5% chance of long term survival which while being much higher than Junseth’s, is not an indication that I somehow think Litecoin is a good investment. Another way to look at what i’m saying is that if you hold Litecoin, there is a 95-97% chance it will be worth 0 in the near future.