competition with other coins is something on the subject, trying to censor or hide everything you don't like is not going to make you a good investor/trader, you need to hear other opinions to make your own rational opinion.... don't be fanatic and dont get emotionally attached to any of your investments.
OK so you are an LTC fan and you've come here to stir the pot, were you upset that we spoke about LTC dying about a month ago? Are you putting your sharp memory to good use now?
Well you can remember this then. LTC is currently being held up by Scrypt ASIC manufacturers who are facing the prospect of having warehouses full of expensive paperweights. As soon as they move those units LTC is going to die a very sudden death.
Nobody want's a 2nd round of centralisation, this is not what Crypto is about. Spiritually, LTC is already dead. It's a nothing coin that's being artificially kept alive by companies looking to dump as soon as their warehouses are empty.
fair enough, what do you think is keeping DRK alive ? because last time I checked the order book it was horrific, it took me a whole week of slow dumping to get out without effecting the price majorly.
I'll agree that the orderbook is pretty thin, but that's both ways as well. DRK is alive because there is still a void that needs to be filled (privacy-centric coin). What coin comes out on top to fill that niche is to be seen. While there are other alternatives out there (CN coins), DRK is building a network that will hopefully offer even more utility to the end user than just anonymous transactions. You can see the climb in masternode count (already over 800 again) so there are obviously believers in the future potential here.
Litecoin will continue to linger but at its core, there isn't anything that LTC offers over just buying and using BTC. Sure, LTC has the most merchant adoption out of all the altcoins but that's still not enough to keep it from losing a substantial portion of its market cap. LTC will continue to feel inflationary pressure from miners selling, at least until the block halve and even then, who knows at that point. Having 4x the max coin supply of BTC and 1/4 the block time isn't enough differentiation to justify using LTC over BTC. Scrypt was a big draw to LTC but now that there are ASICs, the advantage is now moot.
Of course, it is about choice, maybe we will see a future with many coins to exist and DRK could a have a chance of being one of them, who knows how the future will look like
But just to point out the Scrypt theory, Scrypt was chosen at the the time to prevent Bitcoin miners from hopping between LTC and BTC and to prevent them from performing a 51% attack, it was an important feature for its survival, and to add something, we always said that LTC is ASIC resistant and no one said ASIC proof, this means that it is not easy neither profitable at that point to build ASICs, but once the price skyrocketed people did show interest into investing money into this.