I think it showed that bitcoin still is the king and will be for a while, and that none of the Scrypt coins are interesting enough to justify his enormous hash rate that the asics are making.
don't get me wrong, I am not saying LTC is crap, on the contrary, i believe in it, but i don't think it has enough market usage to justify such a huge difficulty, so in a way, yes the entering of the scrypt asics to the scene are damaging LTC.
my money is on VTC right now
i would love to hear other opinions.
Couldn't disagree more. The fact is, there is simply little reason for more then one crypto to be in use. When you cut through all the hype, and all the bullshit (look, our coin has a great community, or a video game built into the wallet, or whatever shit people are hyping at the moment), at the end of the day what matters is acceptance. Can the coin actually be used as a currency? For the vast majority of coins, the answer is no, and so they are ultimately worthless. They start out having some value because speculators hope they will be the one in a million that breaks out like BTC did, and then when they don't, they decline in value. A currency you can't buy things with doesn't have much use. And we all know that there is barely enough acceptance for one coin, let alone several hundred. It's nice to pretend that all the bullshit that is built into coins these days is important, but can you buy anything with it? No? Then gtfo. It's a little like a social media platform in that regard. You can have the best one in the world, but at the end of the day, people are going to use the one their friends are all using. ASICS don't really have anything to do with this process except to accelerate the inevitable.
