Quote from: RussiaCoinDotInfo on September 08, 2014, 05:43:37 PM

Quote from: Bitcoin Fiction on September 06, 2014, 01:23:14 PM

Quote from: DooMAD on September 05, 2014, 05:45:25 PM

Quote from: RussiaCoinDotInfo on September 05, 2014, 04:04:54 PM

Litecoin and Dogecoin fill a niche market for purchasing coins with small values - Like a silver and bronze (copper?) to Bitcoin's gold.

I'd hardly call that a niche, there are thousands of coins that you can get cheaper than BTC. You've just described every altcoin in existence, heh. Rather than just being cheap, why not look for a coin that serves an actual purpose? Lots of coins now have, or will soon have, features like asset exchange AND are still cheaper than Bitcoin. What new features does Litecoin have in the development pipeline? Does it even have a development pipeline?

interesting point of view.

From one hand,I agree that if altcoin would like to live long term it's better to serve a purpose, now there a plenty of altcoins that are cheap and good only in a manner to mine it asap and sell it to BTC. And from another hand, it's really difficult to create a coin with features that would make it popular and liquid. There are disputes about features that good coin should have and probably this dispute will never end

You could also have a case where a coin become region-centric (with or without a country name). Already there are reports that China is gobbling up BTC's - Imagine if BTC disappeared from Western use.

How does that tie in with merchant acceptance of litecoin though? or do you think all these gocoin clients will do a u-turn in a couple of months after realising no one wants litecoin anymore? would make a lot of people look rather stupid hey..