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.

When people use the word "light" in regards to money, it's most always in a derogatory sense.

You might have heard people say "sorry, I can't afford that honey I'm a little light" or "damn, I would go... but my wallet's a bit light". I understand that light can work in some situations like light beer (less calories) or light cigarettes (less tar) but I don't think people want "less money". imo