Quote from: cdog on April 27, 2013, 01:38:26 PM

(copy&pasted from my response to another thread)

Litecoin serves a huge function in the crypto-currency world, because Scrypt based hashing is orders of magnitudes more secure than SHA256.

http://www.reddit.com/r/litecoin/comments/1cssqr/the_math_why_litecoin_is_more_secure_than_bitcoin/

http://en.wikipedia.org/wiki/Scrypt

So the first reddit links provides a very dubious calculation based on some Javascript calculator that's on some random website. And the second link discusses Scrypt as key-deriviation function, where it provides considerable benefits over other function. But as proof-of-work requirements are considerable different from key-derivation requirements those benefits don't really apply to Litecoin.

Quote

LTC serves as a hedge against any issues with BTC, both in terms of bugs with the software and any sort of attack on the network.

Bugs with the software? Litecoin isn't some new software, but just an outdated Bitcoin client. Look at the source code.