Quote from: ArticMine on November 27, 2013, 03:49:18 AM

Quote from: TheKoziTwo on November 27, 2013, 03:44:09 AM

Quote from: mccorvic on November 27, 2013, 03:22:59 AM

LTC is the largest threat to crypto. If it wins, everyone loses. Not even jokin' mang. It needs to crash. Not I want but we need.

If you want to see how irrational people who claim to be "rational" can be, just find yourself a litecoin user. They gain no benefit from using litecoin except providing some funding to BTC-E in ways of fees and give the public and investors a reason to be skeptical.
It used to me that we could laugh off queries about why someone couldn't just make up a new coin that would make theirs worth less. We'd laugh and say "because people aren't so stupid as to actively ruin their own investments!" Our laughter is a lot more nervous now. Turns out people are so stupid.
The only possible goal of litecoin is to make all cryptocurrency worth nothing in the long term.

I keep seeing tards asking "when will 4 LTC = 1 BTC" thinking it's inevitable because there are 4 times as many LTC. Well, what they don't seem to realize is that if this happens both LTC and BTC will be worthless because long before this becomes a reality it will be clear to everyone that bitcoin can be inflated thus invalidating the limited supply and paving way for unlimited other currencies to be included (and unlimited inflation).

I don't think this will happen though, there is very little support for LTC and other alternative currencies beyond wild speculation. Also if anything new significant comes out, bitcoiners have vested interest in adopting those features into bitcoin.

It is quite possible that LTC will do poorly with respect to BTC but very well with respect to USD. EUR, CAD etc., sort of like silver has done with respect to both gold and fiat. Now will 15.5 oz of silver ever equal 1 oz of gold again?

Yeah I agree. I think the LTC/BTC ratio will keep dropping over time while the value goes up in USD. LTC is not keeping up with the progress bitcoin is making, the ratio has to fall.