+1
I own both of Bitcoin and Litecoin, I will explain why people are afraid of litecoin , just because they do not own any or/and they are afraid to try to buy some because they think it will fail in one point . just to explain something at this moment LTC network is at 14,000,000 Kh/s and it is rising everyday . so just to tell people if you do not believe in something just keep away of it, if it is hard for you to understand the technical part than it is the same like a Christian asking why Islam or a Muslim asking why Judaism, they worship the same god but that's how things works.
They are not really valid arguments just some emotional assertions.
And exactly that is what became litecoin.
I also had a good amount of litecoin and promoted it among friends at the beginning but I sold them all as they became overvalued.
Litecoin is not a currency of technical innovation but a mass currency especially as bitcoin became more asic mined and the miners went to litecoin.
Now they are a lot of aggressive spammers among them and they think they can promote it posting litecoin everywhere and I've got a more negative impression.
Beside of this they openly promote porno sites, drug markets so if this continues it will become the most evil currency.
At the moment litecoin is trying to become successful by sucking blood from bitcoin and making everywhere false assertions that litecoin would be superior to bitcoin.
But masses are not predictable and other new currencies appear.
How many miners will go to feathercoin and to mincoin ?
One day when this currencies will enter trading all users which want to remain legitimate will go away from litecoin and only drug dealers and porno providers will remain.
------------
However I must say as positive that at least litecoin is open source, decentral and has a clear structure what cannot be said on ripple, novacoin and ppcoin.
Novacoin is open source but still has a lot of obscure practices. Nobody knows exactly how it works and how many coins will be.
Ripple is obscure, closed source, centralized and inflationary.
PPcoin is open source but still centralized with checkpoints and they try to obscure how many ppcoins will be. They have a limit of 2 billions ppcoins which they say will not necessary be achieved but they have a very obscure formula which calculates the block reward which is 450ppcoins/block at the moment.