Greetings!

I am getting started on using Litecoin Core with my Devuan computer.

However, it seems that downloading the blockchain uses way too much Internet (according to my ISP's webpage, the maximum is 10000 kilobits; nice way to show off little speed with a small unit of measure), and it locks me and my family out of the Internet.

Is there a way to throttle the Internet speed AND disable listening to prevent damage to the Litecoin network? I'm a newbie at crypto, but I have my skeptical points of view anyways.

I have a address LY... and private key T6r... that I am unable to import into electrum. Does anyone know what format these are or how I can import them?

EDIT: I also have a password for it

Is there such a way with this, as opposed to Bitcoin? With Bitcoin and the like, it's ridiculous. You can't buy or send anything without uploading your identification and using SMS/a phone, which nullifies anything anonymous.

I have no interest in trading, etc. for long term. I just wish there was a simple site where you could buy $20 of Litecoin with a MasterCard/Visa gift card and then simply send that $20 of Litecoin to someone who only takes Litecoin.

The Tor protocol's method of decentralization seems to not be safe, because of the node's ability to read whatever information it receives, and its ability to manipulate the data it sends.

Even if it is decentralized, does Litecoin have workarounds to become reliable?

I would like to save the .litecoin config folder on my computer's internal HDD, while saving the blockchain on a different storage device, and be able to change where I save it

I have no plans to replace my HDD for increasing the storage space, due to today's HDDs lasting less time without failing.

My operating system is Devuan (Debian without systemd).

Can Litecoin be used for the following?

• Carrying money anywhere I go (as long as my laptop has a low-density HDD, of course)
• Not losing money by accident or by server exploit being abused
• Using it to pay to anyone that accepts it (shops, banks, rent, providers, if possible)
• Using it and not expect it to be unusable some day
• Use it in replacement of the country currency (mine's Bs., that's why)
• Use it whenever I can

I just sent $1000 Mexican pesos in eyh from bitso to my eth wallet and the network fee was $36 pesos (like $1.5usd). Then I sent $1000 pesos in ltc and I paid $0.01 pesos.

I don't care what the maximalists say. Litecoin beats bitcoin and ethereum. And it is my coin of choice.

has been very steady over last few years, this looks significant

https://twitter.com/pblogyeah/status/1308070506067668993

Hey, i'm not a trader or something, just holding crypto,

got some ltc..

now I saw some people that saying its a "shitcoin" it was 2nd place now its 10th, its going to die, other projects will rise and this one will fall.

what do you guys think about that? I'm just curious and I wanna hear peoples opinions...

do you guys think its a really good project now or nah?

​

have a nice day :)

If the above reference doesn’t resonate with you, then you are jejune. Fraught times, those, and with frightening overtones of which we are now heirs

To return to earth, I have taken up with my first card: blockcard. If the ltc foundation sees good in it who am I to argue? It’s a puzzle. When i fund this card I am exchanging my hard-won ltc for a ( does shitcoin apply here?) token called tern. Is this not a step backwards in my quest? Yes, and no. I favor the thought of furthering crypto adoption, which this appears to do, but I have locked up my precious, ltc, and now hold terns - a bird in the hand....? I seem to risk downside in the arbitrage swap of floating ltc against floating tern, or it might somedays turn out to be upside. The same occurs when I spend my tern; is a tern token worth more, or less, when I convert to $usd. than when I swapped ltc for it? Since I will lock in enough tern, 145,000, to reap the 6%+ return on spending reward I have some buffer here to even things out. I will have locked-in about $1k to achieve this. I can handle that.

That’s just the odds and ends of my considerations here. Not exactly earth-shattering. It’s the first card I’ve gotten to use on a daily basis, and I wanted you to see my thinking. What this post is really about is a question I have about scalability. Ltc will scale much better with upcoming additions like lightning, but will still lag. Now if visa, and yes this is a visa debit card, can scale at a rate that makes it actually efficacious at the point of sale, how can tern not be scaling at a commensurate rate since its conversion to $usd is happening at that instant at the p.o.s.?

If tern can scale at that rate using ltc, or btc, etc., why isn’t this the solution to the scalability problem? I am sure i am missing something basic here. It doesn’t make sense that to me that by going thru tern ltc instantly scales at multiple thousand transactions/sec. Does this not mean the scalability issue is solved and we can go mainstream with crypto right now? I am sure it doesn’t - so tell me why not. Keep it simple, guys (non-gender specific here). If your explanation gets very complex I will expire of old age, I am pushing toward 80, before I “get it”.

I know some of you will think this hybrid approach is evil incarnate, but if it pushes crypto adoption I want to have my shoulder to that wheel

If you are a strong Bitcoin believer and think this is the only real thing, but still want to leverage your long-term investment in interesting ways, you can use Wrapped BTC (WBTC) which wraps a Bitcoin as ERC-20 token, backed by a custodian holding actual BTC. Here is how Bitcoin as WBTC looks on Uniswap: https://uniswap.info/token/0x2260fac5e5542a773aa44fbcfedf7c193bc2c599

Such wrapping, would of course be the golden addition to the Litecoin ecosystem, since Litecoin is by many believed to be a long-term play, potentially undervalued vs. BTC. Let's call it WLTC. With WLTC, you could earn extra yield on your long-term Litecoin holdings and it would also lock a potentially significant amount of Litecoin.

So, who's going to create WLTC to get the both of quality crypto and DeFi potential?

Another way to ask it is: how aggresively does the price in USD of 1 LTC change, compared to the Bitcoin?