Also, having two or more "strong" alt-coins provides competition. With three strong dev-teams there's bound to be a lot more cool innovative ideas than just one "super-strong" dev-team spinning away on a single track.
I agree in theory however that wasn't his point however with the exception of NMC and PPC there hasn't been any real innovation. His point was about mining being profitable. That implies by simply adding a continual supply of new coins/chains you could ensure all mining is always profitable. Like I said just make a million of then and end global poverty.
I see. You're absolutely right.
My main reason for prefer litecoin (or a faster coin) over bitcoin is simply the confirmation time. When I have to wait over an hour after a transaction is initiated in order to use that amount, it's simply impractical and completely unnecessary. litecoin takes much less time. (though something like worldcoin would be more ideal).
Why wait an hour then? You are accepting less security just starting accepting Bitcoin with 2 confirmations. Tada 66% faster.
can you prove it is less security than?