I read "most" of the posts above, and here is my take on crypto-currency (any type)

People give them value, people keep the power.

---- Thoughts on using Crypto-Currency as a replacement to current currency

• Until you purchase something point-to-point with bitcoin (100% transaction) you can be tracked down, even still then you can be tracked down to some extent.
• Eventually you will purchase something for x.xx bitcoins / litecoins ... not the $$ value of the coins (this defeats the whole crypto-currency theme).
• If you base the value of the crypto-currency on the paper money value, you are doing it WRONG...

The value of the currency needs to come from the currency itself, once you can trade the currency for the good directly without converting its physical value, it has not done its job.[/li]
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---- Thoughts on using Crypto-Currency in conjunction with paper currency

• Paper currency fluctuates in value as does crypto-currency, this un-stable system can make people money and it can also lose people's money (both crypto and paper) solely on speculation or emotions/fear. This makes the money "soft" and weak in times of turmoil and despair.
• Crypto-currency can be controlled similar to that of bittorrent traffic. Governments can analyze the traffic that your sending on the internet and tell what IP addresses are using crypto-currency, or are a node at least. Using new acts that the government (US) has enacted due to "Terrorism" (I have my feelings about terrorism, I will not discuss it here [not a terrorist, fyi]) the government could get search warrants and search your home. Place you on a list that you don't want to be on. Potentially be held for conspiring to commit Terrorism... SAD!
• There are some positives to having multiple currencies, both paper and Crypto, The main being that if you maintain your lifestyle bby using paper currency and only use crypto for your extra purchases like vacations, etc. you can create a slightly better life for yourself. You deserve it!!!! Most people that don't agree with what it is we are trying to do either rely on the government to give them money or rely on people that rely on the government to work in their companies for a low wage to only line their pockets more.

anyhow, there is more positives and negatives... just something to give a different angle on someone's views.

Peace!