Anyone who considers Litecoin to be a rival to anything else is clearly high or drunk.
Litecoin, the "special" coin that used Scrypt as their battle cry to defend against that nasty technology-development treadmill in mining, is now embracing ASIC because they are a bunch of lying bastards.
Also, the trading patterns in Litecoin mirror a bunch of stocks on the "pink sheets", you know, the ones that are worth jack and shit, but there are a few dedicated person(s) using them as a pump-and-dump vehicle (and even naming a private group after that, in a stunning admission).
If you trade Litecoin and make money, good for you, just don't expect this has-been to have any staying power.
Litecoin, the "special" coin that used Scrypt as their battle cry to defend against that nasty technology-development treadmill in mining, is now embracing ASIC because they are a bunch of lying bastards.
Also, the trading patterns in Litecoin mirror a bunch of stocks on the "pink sheets", you know, the ones that are worth jack and shit, but there are a few dedicated person(s) using them as a pump-and-dump vehicle (and even naming a private group after that, in a stunning admission).
If you trade Litecoin and make money, good for you, just don't expect this has-been to have any staying power.
You're so wrong.
Well, I agree with one thing you said, that we shouldn't expect the staying power of Litecoin, but that's equally true for Bitcoin as well. Most things in life are transitory, they even say the sun has a limited life span, so go figure
