4. Litecoin confirms in 1/4 the time that Bitcoin does. This one is brought up the most often for obvious reasons. I am sometimes impatient and do not want to wait 10 minutes to a hour+ for one or ten confirmations on the Bitcoin block chain. Although in theory this makes Litecoin 1/4 as secure as Bitcoin, I personally have never suffered any problems using Litecoin. Also, Bitcoiners refute this point by stating Bitcoin will soon be faster as soon as the devs increase the block size (I think this is the method they are trying to use), but it is a lot easier said than done. If it was an easy thing to do, then it would have been done long ago. Litecoin is faster right at this moment, which is valuable to me.
Waiting for 6 transactions (or whatever) is just an arbitrary number. You correctly noticed that the same transaction amount for Litecoins is less secure than for Bitcoins. So why not just wait for less transactions when using Bitcoins?
That is true, but one of the reasons I saw usefulness in Litecoin and why Litecoin would be a good 2nd crypto was the faster confirmation. 1 confirmation for Litecoin isn't as secure as 1 from Bitcoin, for large amounts it doesn't matter, you need to wait just as long. But if you buy a bottle of water, the security isn't that important, you easily can take the risk to just wait for 1 confirmation, so waiting 10min or 2,5min waiting is for small purchases a big deal.
For me Bitcoin = larger purchases and Litecoin = small purchases were the security of 1 confirmation is enough.
It will never be bitcoin 2.0, it never was supposed to be, for me the differences were big enough to adopt it. Besides ppcoin (which imo could be bitcoin2.0 but we'll see how this experiment turns out) there isn't really another alt I adopted.
Beside of this they openly promote porno sites, drug markets so if this continues it will become the most evil currency.
You seem to forget that silkroad was pretty good for the marketing of Bitcoin, some users also thought that Bitcoin would be seen as bad because of this.
The reality is, any currency is used to buy drugs and porn, everybody knows this, if we would deny any currency that is used for buying these things, we wouldn't have a currency at all.