Quote from: Its About Sharing on July 04, 2014, 07:51:21 AM

Quote from: AlexGR on July 03, 2014, 09:04:34 PM

Quote from: dunchy on July 03, 2014, 06:46:07 PM

Quote from: Este Nuno on July 03, 2014, 06:38:25 PM

I haven't seen any reasonable argument for holding litecoin in a very long time. I think anyone who is still holding LTC is insane at this point. There's probably 5 or more alts that have at least a chance at gaining a chunk of the market. Those LTC could be sold and put in to pretty much any promising coin and have a vastly better chance at actually making money.

What could possibly be the rationale for holding litecoin in the year 2014?

To make things even worse, I have a feeling that many of LTC holders are using DRK as a life vest, buying it at unreasonable peak. They will end up with another heavy bag.

LTC does not represent store of value. DRK though, does. DRK issues 2880 coins per day instead of 28800 of LTC. With a similar price of 8-9$ per coin, LTC is a nightmare to preserve price as it sucks BTC at a rate that isn't really funny (250k usd per day).

DRK is scarcer + inflates slower. Plus DRK also pays for itself (20% on masternodes) something that LTC doesn't. You need to buy ASIC miners for LTC while with DRK you can ...mine DRKs by simply running a node. So with a 30-50% ROI due to masternode payments alone for DRK + scarcer coin + much lower inflation, the LTC bag suddenly seems much less attractive.

DRK has some serious problems that have already been mentioned here. The HUGE instamine being one of them but that is just the start. https://bitcointalk.org/index.php?topic=560138.0

Huge? It's only 10% of the total monetary supply - and it's already distributed through the market at prices of 0.0000x to 0.002 for months. But I don't expect you to know it because you weren't there watching it. I did though and therefore I'm better informed.

Compare that to PoW/PoS which have 100% of their monetary supply instamined in a week or so and no-one bitches about them "scam scam scam" or "problematic distribution". Nobody cares about "fairness" to future miners. If they did, they'd also say Bitcoin is a 1bn USD scam due to Satoshi mining >1mn coins on his own with a few desktops and laptops. And those who scream scam for DRK because it disadvantages future miners, are actively supporting PoW/PoS coins that give 0 chance of mining to future miners.

Besides, most of the accusations use a retroactive logic, in that the miners who mined at the launch somehow knew that the coin would be worth it 15-20$ each a few months later, when in reality miners were selling 100.000 DRK for 2 to 2.5 BTC to buyers. It was considered a very good profit back then. You can make a coin, you can instamine it as much as you like, but it will still be a worthless coin if you do not assign value to it. And DRK gradually added value in terms of features.

PS. The thread you link is not the most objective source of information. Poster there used an out of context quote of Evan when he proposed an airdrop to fix the distribution a few months ago. In the airdrop scenario, Evan would issue 2mn coins and then distribute it. Poster took the quote of "2mn coins that I own" and presented it out of context in big red letters to show that Evan actually has ...2mn coins - when this refers to an event that never took place because the community voted it down (the airdrop).