So you are saying that LTC now being 30 USD is a pure bubble because it doesn't even come close to the miner/developer/user network built around it right?
Of course it is!
I don't know of a single thing I would buy with Litecoins at this point in time whereas I do spend Bitcoins on real things quite a bit.
Litecoin is a crypto-currency speculative bubble based on the speculative bubble in another crypto-currency.
Litecoin is the mother of all bubbles!
(yes, I am profiting from it.......so far anyways)
Ok, but if you look at the long term, why won't merchants start accepting it like they started accepting bitcoins?
Why don't you think ltc is a great buying opportunity for the long term?
I don't say you are wrong just trying to understand.
Because BTC is already there. Its like saying why don't websites suddenly switch all their HTTPS to port 70. It would be weird and random. Especially considering it uses scrypt making it inferior.
It wouldn't be weird and random if someone were to use port 70 as a more secure port or attached some function that port 70 could use. To translate that into the crypto coin world, if there were another coin that provided decentralization and more security than bitcoin perhaps people would flock to that instead of bitcoin. Perhaps the developers of bitcoin could get together and come up with an alt coin that incorporates those functions that make that alt coin better. Perhaps they already have. ;-)
