Betamax was a superior technology than VHS but it never took off
+1
it's all about adoption and what is a standard. I don't see the media talking about litecoin do ya?
Not always the best makes it to the most adopted.
I think bitcoin will have upgrades to make it lightweight and more efficient, hell I even think that a branch of bitcoin maybe something like bitcoinX/bitcoin 2.0 whatever you want to call it will take over and people will be able to transform their old bitcoins to the new version of the coins for free or something.
But litecoin *isn't* better. It's faster, but in this case it's not better. It's also going to have more coins, which devalues each one, and it was only created because someone missed the gravy train of early bitcoin mining and they wanted to try to get rich.
At least namecoin had another intended purpose that was interesting in concept.