Quote from: MargaretsDream on November 03, 2013, 09:26:06 AM

Quote from: tacotime on November 02, 2013, 07:06:57 PM

Quote from: usahero on November 02, 2013, 07:05:05 PM

The price is the result of supply&demand equilibrium, and not result of electricity wasted.

The price is always the result of supply and demand equilibrium -- but you don't think the cost of production plays into the quantities of a commodity that people are willing to sell for a given price (supply)?

Nope, the only use of Litecoin is speculation, and not many want to put money in.

I personally wont as I believe Litecoin is overvalued and I dont want to burn money

Well, people mining BTC may see it differently, though, as they are only putting a little work and investment into obtaining BTC with current hardware and can easily trade this BTC for comparatively more difficult to generate LTC.