Quote from: thoughtfan on January 14, 2014, 10:26:46 PM

Quote from: pungopete468 on January 14, 2014, 06:44:39 PM

I see you tend to agree with me about the perception of affordability being a huge benefit of Litecoin over Bitcoin even if it's really nothing more than a perception. People can ignore that fact or they can understand it and in turn profit from it.

I most certainly did not agree that at all. I see no benefit of Litecoin over Bitcoin. What I see is value perpetuated by a misunderstanding, even, one could say, a delusion. The problem for me with delusions is I can't be confident people won't get a light bulb moment and go 'Doh! How come I didn't see that before' and they are deluded no more. And in this day and age it only takes an effective meme for that to spread. Then of what value is Litecoin?

Quote from: pungopete468 on January 14, 2014, 06:44:39 PM

If I wrote an informative piece about the refraction of light and said, "The sky is blue but I feel certain it will turn red." Would you feel that I was basing my entire thesis on nothing more than a feeling even after I went further to identify my reasons being the angle of the sun in relation to the thickness of the atmosphere. Would you discount my future opinions based on the inclusion of the simple statement, "I have a feeling?"

Sorry if it came across that way. I was failing to see something substantive. Now I see you believe people's 'persceptions' irrespective of whether they have a basis in reason is a basis on which to invest. We'll have to agree to disagree on that one I'm afraid.

We can agree to disagree.

I do believe that the perception by the masses is a major market price driver regardless of the reasoning behind it or the accuracy of the perception. Value in anything be it platinum, oil, Bitcoin, or Litecoin is based by nothing more than a mass perception of value given by the people who desire to buy it and sell it. The market won't distinguish between Bitcoin and Litecoin overall because not enough of the population will care about or even understand the small differences between them. Both coins accomplish the same goal and both coins are a "strange and new" concept to them.

Litecoin might not have the "first mover" status but the same exchanges who provide merchants with the ability to safely accept Bitcoin will soon allow those merchants to accept Litecoin too. Litecoin has a large enough following to make an exchange service profitable. Basic laws of economics provide that if money exists to be made by offering a service then it's only a matter of time before somebody capitalizes...

I guess time will tell.