IMO the biggest mistake LTC has made:
To replicate the same settlement system/payment system split BTC introduced, by following the exact same scaling strategy.
- block size cap + RBF + Segwit
- LN to scale payments
LTC was the original copy cat. And it only became a BTC testnet.
I guess this makes sense from a "we are BTC's testnet" POV.
But not from a "we want to be the medium of exchange for BTC's store of value" POV.
Nevermind ignoring the competition :-)
