Why did the Coblee decide to keep the vanilla scrypt algo and let Litecoin go to the ASICs anyway? I read his post with his supposed explanation, but the logic was so weak that it almost seems like he would have more to gain by letting this happen. The justification was just odd and went against the one of the primary, if not the primary goal of Litecoin.
Coblee could care less. He has already made his money off Litecoin.
Litecoin was interesting at some point, but now its just another coin with hardly any redeeming features. As an investor why would you even bother with it when you can easily get Bitcoin.
You would bother with it because the model of LTC and BTC has followed a path of one going on a downtrend and the other an uptrend. Theen it reverses. You make money, or BTC or LTC, when you play the two positions. This is how you turn a handful of BTC into 50 BTC, or a handful of LTC into 1000 LTC.
Look at the charts.
Disclaimer: Yes, we may be in a new paradigm, but so far there is no evidence to suggest that. LTC is not behaving typically.
Shhhhh.... don't tap the aquarium.
