Quote from: marnie on December 19, 2012, 08:22:01 PM

Quote from: Lab_Rat on December 18, 2012, 07:23:09 AM

Quote from: Killer19 on December 18, 2012, 07:13:04 AM

People said ltc would never be worth more than .02$ a few months ago; all I'm gonna say for now.

Excited for the day they hit $1. I'm sitting on a little pile of LTC.

So are probably thousands of people, which is a good indication it will fail.

Like that 78% of the BTC that are used for the same reason?

http://arstechnica.com/tech-policy/2012/10/78-percent-of-bitcoin-currency-stashed-under-digital-mattress-study-finds/

Quote from: Blazr on December 19, 2012, 08:24:06 AM

LTC was designed to be GPU-hostile, which meant that it would be more efficient to mine on a CPU. This was the entire purpose of the currency, however it was discovered months later that it wasn't GPU-hostlile and GPU mining is more efficient than CPU. A lot of people have accused the Litecoin developers of GPU mining LTC since day one with the plan of doing a pump-and-dump. It is also strange as originally LTC was supposed to use Bcrypt as its hashing algorithm which should make it GPU-hostile, but this was later changed to scrypt, which isn't GPU-hostile at all.

You know also that Bitcoin was supposed to be mined by many different CPU processors in its beginning and it was not envisioned that people would make pools, fill warehouses with GPU and try to develop ASIC for it? It's not because that the ending result is not the same as the original vision that the project is worthless.

Anyway, my belief is that the value of Litecoin is not by looking at Litecoin alone, but depending of its relation with Bitcoin. I think the real value is what you can do between multiple blockchains, and how blockchains can be adapted for different needs. Bitcoin is only a couple of specific parameters for the concept of crypto-currencies and doesn't make it better or worse than having different parameters for the same concept. There's a lot more potential with multiple crypto-currencies than sticking only with one.