Quote from: virtualmaster on April 27, 2013, 09:46:03 AM

Quote from: mmitech on April 27, 2013, 08:42:42 AM

+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.
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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.

your argument is not valid as well, people bought Drugs weapons watched porn and all this shit existed even before BTC was introduced so OK go ahead and cancel USD and Euro and.... because this is what they used to use so it is evil, and tell your company that you wont accept FIAT as a payment because you can buy all evil listed things above with it.

-and when you say that LTC didn't introduce any improvement over BTC than you are just being ignorant or you do not understand what encryption and Block generation means .

-When Avalon deliver all the remaining units, BTC mining will be exclusive to a few people on the network which will hold allot of coins , this will kill the spirit of BTC that was intended the very first day, remember that even now it is not cheap for the working class people and medium class to buy some BTCs if buying 5 BTC will be taking the half of your pay check in rich countries not to mention the poor ones.

-LTC give the chance to any one who own a GPU,CPU in other word a PC to get some, if not you can just buy it, even if it hits 100$ it will be always cheap comparing to BTC that will be more than 1000 $ .

-even if they make a prototype like ASIC for LTC it wont improve the hash rate but maybe the power consumption , this is what a proof of of work we are talking about .

-but again if we wont talk about the technical deferences between BTC and LTC because as miners and developers we know what are they , but in the future not everyone will ask about these things because people will use it as an investment or paying system as it was intended to be. so from the economic side it is like if you are asking why we have allot of different banks and paying systems if we can stick to just one ?

- LTC is already mainstream you should worry about other ALTS rather than worrying about BTC and LTC, because it is here to stay this is my point of view