Quote from: Saltzman Alaric on April 19, 2015, 07:20:58 AM

Bitcoin was an awesome idea, but lets face it, it needs to be improved upon. That is why Litecoin is better. I would say NXT and Ripple is better than Bitcoin too, but that is bullshit. Ripple is a full on premine owned almost all by the Ripple foundation. And NXT isn't much better too. It was started by a known sock puppet master. He probably had like half of NXT.

Quote from: BCNext on September 28, 2013, 07:29:09 AM

I’d like to announce Nxt (pronounced as "next"), a cryptocurrency based on Bitcoin paradigm.
P.S. I’m a veteran member of this forum. I have to use this brand new account to remain anonymous but later I may reveal my identity.

I don't think the fact that he chose to launch his coin using a newbie account proves that he is a "sockpuppet master". He could have had many sockpuppet accounts, or he might not have had any. It's not something that is known at all.

Quote from: TruthBear on April 19, 2015, 08:15:52 AM

What does LTC do that 100's of other alt coins can't do? Technically a lot of alt coins are 'better' in your perspective because they have faster tx times. Therefore, why have they failed to gain any meaningful marketshare? How can a coin based on being silver to Bitcoin's gold ever hope to overtake it?

Conclusion
Do fast tx times = success? No.

Litecoin might not look very innovative today but it actually achieved quite a lot when it was first introduced.

Before Litecoin, there was Tenebrix. Tenebrix was an innovative coin because it was the first to use the Scrypt algorithm which was resistant to GPU mining at the time. This meant that while Bitcoin mining was dominated by those who had the money to afford massive GPU mining rig setups, those who still had "normal" PC systems could now choose to mine an alternative currency which didn't yet have GPU miners pushing everyone out of the competition. Unfortunately, Tenebrix was a premined buggy failure based on the already very buggy Multicoin. In response to the premine, coblee decided to fork Tenebrix to create Fairbrix which wasn't premined but still a buggy failure (since it was based on Tenebrix which was based on the very buggy Multicoin). So then he decided to start from scratch by forking Bitcoin directly and incorporating all of the innovations that Tenebrix and Fairbrix introduced and thus Litecoin was born.

Technology-wise, Litecoin doesn't do anything that the now hundreds of other altcoins can't do, so you're correct in this regard. But you could say the exact same thing for Bitcoin as well. What does Bitcoin do that Catcoin doesn't? Or Flappycoin? Or Pesetacoin? Or any of the other 1,000 or so Litecoin and Bitcoin clones out there? Well, the answer to that can be found by not looking at the technology but the community. No other coin has the same infrastructure, the same network hashrate, the same security, the same volume, the same startups which aim to develop services on top of it, the same numbers, the same brand recognition, the same media exposure, the same exchanges which support it, or the same network effect.

Litecoin is no. 2* because it is the original altcoin**. Bitcoin is no. 1 because it is the original coin.

*Not counting Ripple since the dynamics behind LTC and XRP are completely different.

**Not counting altcoins which existed before it since pretty much all of them are dead and irrelevant. Think of Litecoin as being the "original" second child and other altcoins like Dogecoin and Catcoin as being the third, fourth, fifth children, etc.