@FranceGuy1: Chill out
But seriously, I wanted to post up regarding the scarcity/value thing. Someone tweeted "scarcity =/= value" at our twitter today.
First off, scarcity DOES NOT equal value. Any monkey knows this. Lets get that out of the way, as when I've manned our twitter feed I've had folks saying that. Just because I say I'm young and handsome doesn't mean everyone who is handsome must also be young or vice versa. I've also had a 'ponzi' mention on twitter, so don't get me started on that one.
Now scarcity +
demand@rate in excess of supply, DOES typically equal great value.
Demand @rate in excess of supply for this coin is being generated by a few things:
a) the namesake of the coin stands for economics that many folks in the crypto scene happen to strongly agree with
b) the coin is a scrypt coin meaning folks are able to mine it (at least to some degree) without be blown out by ASICs (for now) - yes this creates a type of demand, not demand you'll necessarily see on the coinedup exchange but a demand being reflected in the hashrate
c) recent crypto community growth, and subsequently purchasing power, is such that multiple coins are being viewed as legitimate alternatives to bitcoin - at least as a stores of value. Viewing the future a 'bitcoin-only' world is becoming less and less realistic with each day. However, many recent alts are seemingly practical jokes with near-infinite supply's (Cagecoin, mooncoin, and i'll say it...dogecoin) leaving a large amount of new purchasing power confused about what to purchase so they stick with litecoin. <
All of these things drive up the DEMAND for the coin.
Now, supply. Supply is already fairly limited. Add to this, the fact that many folks who are buying/mining this coin are very content with the items listed above so their desire to sell is low. In fact, they even have a desire to buy low-mid priced coins (as we've seen on coinedup, and read throughout this thread). So this is now compounding the short supply issue.
Subsequently, if the rate of demand relative to new supply does not change, this will continue to rise, possibly even exponentially.
However, demand can easily change! a) RP could file a C&D letter like Kanye's attorney did (extremely unlikely but possible) b) Scrypt ASICs could ruin the party c) crypto community growth could stall or regress if gov't regulation went through the roof, a bunch of money was lost and subsequently people just gave up, or folks just go straight BTC.
/rant. Scarce AND valuable. Not valuable only because it's scarce.
Fast way to get an ignore click. If you're going to post, try and have something to say, please. 
:D 
