Quote from: chondrite on September 17, 2013, 05:09:31 AM

Quote from: MicroGuy on September 16, 2013, 10:47:39 PM

Quote from: adpinbr on September 16, 2013, 09:57:01 PM

is the price just a wait to dump on box? will it go up? i feel like its only a matter of time until more and more services start accepting litecoin since they already have the infrastructure.

The main drawback for litecoin is its name.

It is reminiscent of a lite beer or a lighter version of something bigger and better. Your point about the infrastructure is spot on. What is going to happen is a few of these alts will eventually become noticed and adopted by the masses. Then the existing bitcoin infrastructure will be modified to accept these newly popular alts. However, history shows that it will be difficult to predict which ones will be the winners since technical fundamentals will have less impact on acceptance than name. Think of early windows, a horrendous mess of an operating system from a technical standpoint, but a consumer grand slam in terms of sales and popularity.

I think litecoin may become widely successful, but it will first have to overcome its image somehow of being the "light version" of something better.

Plenty of "light" versions of products exist in the world and are just as popular as the original product, some maybe even more famous and popular.

The reason Coca Cola release Coke Zero is because they wanted to increase the sales of diet coke for men but REAL burly hulking men like ourselves dont do Diet so they had to find something that appealed to men, Appearntly the letter Z is quite appealing to men (I know i like it due to the old PC game Z ^.^ lol that was fun)

So dont doubt the power of a name and the disavantage of have diet/lite/light in the name - but that being said, we arent eating this coin so it shouldnt really matter in the long run Tongue

(also it could be easily accosiated with health foods or gym equipment and suddenly the name is more than fitting.)

Also to Hydro about the name "Windows" I actually think its a perfect name considering everything thats done on the OS is done in some form of window ;-)