Fair comment.
Here:
http://www.youtube.com/watch?v=KCaYBsrz4k4I'm not posting anymore, you'll have to do the hard work yourself if you want more. (Google). But don't fall into the trap of only looking at the stuff you
'want to see' when doing your research.
Oh please.
Litecoin is not hard to understand if you understand Bitcoin. I've been around here for more than a year and can promise you I've done far more research (in the hundreds of hours) on these currencies than you have. Furthermore, Bitcoin is arguably a bigger risk than Litecoin since 1) you can still CPU mine with Litecoin, and as such you don't need to drop a ton of money on a huge mining rig to stay competitive, and 2) there's virtually no economy backing Litecoin, and so there's really almost nothing to be lost if it disappears. This is especially true since the market cap is so small.
I have a CPU, I mine Litecoins with it, I've made money from it. I hope its creators have made a ton of money from it because they at least allowed me to make some. All I had to do was download the software. Wow, some risk.
If Litecoin crashes completely within the next 5 seconds, I will have understood the risk from the beginning, and I will have lost nothing. I don't know of a single person that has bought a mining rig specifically for Litecoins. Furthermore, Litecoin will offer a great opportunity for those GPU miners whose profit margins will tighten when ASICs reach consumers.
All of the early Bitcoin adopters profited handsomely in ponzi-esque fashion during the June 2011 bubble. I truly have no idea where you're coming from.
