If litecoin fails, every alt coin (except pos, or whatever weird shit goes on, will fail), as scrypt was the 2nd, sha-256 being the first, to go through the inevitable mining cycle, of gpus becoming useless.
Why invest in any other alt, if litecoin has shown us that when a coin reaches enough popularity to have specialized hardware...it is dead.
Sure, someone will chime in, but no one in the real world cares about fancy dark magic tech behind new coins.
No one in the real world is going to go I will use btc for this and (your choice of another coin) for these purchases. Do you go pay your bills in usd, and then buy a pack gum with fucking yen?
It is hard enough to explain why btc is valuable, try that with everything else.
That is why I bought some, and debate buying more everyday. Then I realized that is what I thought about mt gox......
How do you think that worked out for me lol
Why invest in any other alt, if litecoin has shown us that when a coin reaches enough popularity to have specialized hardware...it is dead.
Sure, someone will chime in, but no one in the real world cares about fancy dark magic tech behind new coins.
No one in the real world is going to go I will use btc for this and (your choice of another coin) for these purchases. Do you go pay your bills in usd, and then buy a pack gum with fucking yen?
It is hard enough to explain why btc is valuable, try that with everything else.
Litecoin too big to fail - just like automobile manufacturers and the banks. Some rich person will come in last minute, buy up the sell walls and send LTC to $30.
That is why I bought some, and debate buying more everyday. Then I realized that is what I thought about mt gox......
How do you think that worked out for me lol