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[approved] Sythe Discord, add LTC

Discussion in 'Approved Suggestions' started by President, Aug 20, 2024.

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  1. President

    President Hero
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    [approved] Sythe Discord, add LTC
    Problem:
    LTC, a commonly used payment method, is missing from the current price display in Sythe General. Especially now that the two discords have been merged, I see only more reason to add LTC.

    Current Rule(s):
    No specific rule on which crypto prices are shown.

    Change:
    Add LTC to the displayed crypto prices, potentially replacing DOGE.

    Why:
    LTC is more relevant for the community, simplifying transactions.

    Side-effects:
    Improved user experience.
     
    Last edited: Aug 20, 2024
    President, Aug 20, 2024
    #1
    Phantom_X, abyyy123, Primal and 2 others like this.
  2. ShawnIsThaBeast

    ShawnIsThaBeast Skreet Legend
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    [approved] Sythe Discord, add LTC
    I 100% Agree I Believe that 90% of the community preferred currency is LTC.. Very nice suggestion
     
    ShawnIsThaBeast, Aug 20, 2024
    #2
  3. Suedi

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    [approved] Sythe Discord, add LTC
    Support, I don't see people using DOGE for any transactions daily.
     
    Suedi, Aug 20, 2024
    #3
  4. Primal

    Primal Primalrs.com - your runescape one stop shop
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    [approved] Sythe Discord, add LTC
    Support ltc is the main currency today
     
    Primal, Aug 21, 2024
    #4
  5. abyyy123

    abyyy123 Grand Master
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    [approved] Sythe Discord, add LTC
    Support ltc is the main cryptocurrency nowadays.
     
    abyyy123, Aug 21, 2024
    #5
  6. Yoshiki

    Yoshiki Runestake.com - Slots & Original Games
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    [approved] Sythe Discord, add LTC
    Support as well, LTC is a popular currency and should be on the list.
     
    Yoshiki, Aug 21, 2024
    #6
  7. Corby

    Corby Discord:_corby_
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    [approved] Sythe Discord, add LTC
    While we are add it. incorporate Bitcoin Lightning Network payments
     
    Corby, Aug 31, 2024
    #7
  8. BlackBlasses

    BlackBlasses Runestake.com - Social Casino
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    [approved] Sythe Discord, add LTC
    I would contend that LTC is currently the most widely used crypto in terms of transaction volume and number of transactions, not only on Sythe/OSRS markets but also on other forums and in different markets (exception being XMR markets, of course). This has been the case for several months.

    Ricco previously stated that four bots could be used to display the price. If he has not reconsidered, we will need to replace one.
    Based on the current display of DOGE, XRP, ETH, and BTC, XRP is arguably the least relevant, so I would propose replacing it with LTC.
    DOGE is another potential candidate, but given that memcoins dominated the last market bubble, DOGE may warrant consideration.
    ETH, while it may not be a widely used or traded cryptocurrency, its market capitalization makes it a relevant indicator.
    BTC, with the largest market capitalization is a key price point to monitor.
    XRP is currently the least relevant cryptocurrency in this market out of the other 4, but its relevance may shift in the future, potentially replacing DOGE as the dominant altcoin.

    As a donation method, or is this intended for a general audience? A typical user found destination tags and multichain too complex, so he opted for LTC. Layering BTC by opening and closing channels is not a realistic approach when there are more straightforward alternatives. Lightning is currently for maxies, and geeks.
    However, if you create a very, very, very technically simple and visual guide and link it to everyone, then maybe.
     
    Last edited: Sep 11, 2024
    BlackBlasses, Sep 11, 2024
    #8
    MyPvM and President like this.
  9. Corby

    Corby Discord:_corby_
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    [approved] Sythe Discord, add LTC

    Lightning network Bitcoin has low fees, and shows up instantly. Its like LTC but uses BTC. If you are collecting BTC for paymetns lightning network should be looked into as it would save staff time waiting on blockchain confirmations, and would streamline donations more,.
     
    Last edited: Sep 11, 2024
    Corby, Sep 11, 2024
    #9
  10. Corby

    Corby Discord:_corby_
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    [approved] Sythe Discord, add LTC
    How about these websites do it for me <3 lol

    Coinbase - https://www.coinbase.com/blog/coinbase-integrates-bitcoins-lightning-network-in-partnership-with

    Binance - https://www.binance.com/en/support/...c-on-binance-7a4eb2d9ccaf4433908b448aa3a93493

    Kraken - https://support.kraken.com/hc/en-us...w-do-I-send-bitcoin-on-the-Lightning-Network-

    Bitfinex - https://support.bitfinex.com/hc/en-...tning-Network-BTC-LN-BTC-Deposits-Withdrawals

    Cash App - Sending and Receiving Bitcoin with Lightning

    Strike - https://strike.me/faq/how-do-i-receive-payments-to-my-lightning-address/

    River - How do I receive Bitcoin into my account? | River Help Center
     
    Last edited: Sep 11, 2024
    Corby, Sep 11, 2024
    #10
  11. Zora

    Zora
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    [approved] Sythe Discord, add LTC
    Sythe does not take btc as a donation method. Bond holders do, but they are free of course to take whatever method they like.

    It could be used for the CRF. To my knowledge it's not a very popular method, however. It also requires a different kind of wallet. The ones you listed are all centralized wallets, something we don't want for the CRF.
     
    Zora, Sep 11, 2024
    #11
  12. Corby

    Corby Discord:_corby_
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    [approved] Sythe Discord, add LTC
    fair enuf
     
    Corby, Sep 11, 2024
    #12
  13. Phantom_X

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    [approved] Sythe Discord, add LTC
    Support, one of the few places that doesn't directly take crypto these days :D
     
    Phantom_X, Sep 11, 2024
    #13
  14. Zora

    Zora
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    [approved] Sythe Discord, add LTC
    Keep in mind this suggestion is regarding the Crypto Price bots in the Discord server. It is not related to donating to this website.
     
    Zora, Sep 12, 2024
    #14
    owned likes this.
  15. Corby

    Corby Discord:_corby_
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    [approved] Sythe Discord, add LTC
    Upgrading to lightning would avoid the risk of transactions being sent getting stuck when sending regular BTC. LTC is a great alternative due to its speed
     
    Corby, Sep 26, 2024
    #15
  16. Zora

    Zora
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    [approved] Sythe Discord, add LTC
    Upgrade what to lightning? The crypto price bot on Discord?
     
    Last edited: Sep 26, 2024
    Zora, Sep 26, 2024
    #16
  17. Corby

    Corby Discord:_corby_
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    [approved] Sythe Discord, add LTC
    Oh i thought i was out of the loop on something else. I thought this was about taking donations or something with bond holders my bad.
     
    Corby, Sep 26, 2024
    #17
  18. Sunny

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    [approved] Sythe Discord, add LTC
    LTC is a top dog now
    support
     
    Sunny, Sep 27, 2024
    #18
  19. Jibby Jibby

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    [approved] Sythe Discord, add LTC
    Lots of people use LTC so i dont see why not. Support.
     
    Jibby Jibby, Sep 28, 2024
    #19
  20. owned

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    [approved] Sythe Discord, add LTC
    LTC is about all that I even use at this point because of BTC transaction fees. Support!
     
    owned, Sep 29, 2024
    #20
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