Remind me to steer away from that site for info because they evidently know this scene - nOT! The last thing we need is a panic... People thinking that bitcoin has competition, because it doesn't, it never did. LTC and FTC were created to compliment BTC, not to compete. Altcoins worth 10 times less, collectively, than bitcoins is not competing with bitcoin... against each other, sure. But no altcoin should have so much confidence that it considers itself competition -at least none out there now can.

OP, is this article written by you? If not, please remove this garbage... It's confusing the noobs and those already confused. If this was written by you, after removing this thread please educate your a little bit more before making a claim like this.