Even Litecoin is a joke.
Litecoin keeps us GPU miners going, don't diss Litecoin.
Before you say, why not buy an ASIC. I have an asicminer blade. I have had it 3 months and it still has not mined back the bitcoins I spent on it. Yea the value of the bitcoins I mined went up, but so wouldthe bitcoins I spent had I kept them.
Fair enough, but that suggests the value of these coins is primarily based on people squeezing money out of obsolete mining rigs. Is this a good foundation for a cryptocurrency? It is too inherently unstable. This is precisely why we see pump and dumps across the crypto coin market. What we need are real Bitcoin-competitive features, not tweaks and copycats.