Correct! Almost nobody in the altcoin world seems to be aware of this.
(And that's a good way to state the problem.)
I see this all the time. People assuming that Litecoin's confirmations are somehow way more secure. And I see people claiming LTC should be used for POS, when clearly there is low risk in taking BTC with 0 confirmations at POS. I even think the risks of doing so are greatly exaggerated.
But at the same time, I always see this response "it takes 4 ltc confirmations to equal 1 BTC confirmation." The reasons behind this statement are obvious and true. Here is my question though, that no one ever answers and oddly, no one even brings up:
Isn't one LTC confirmation still better than 0 BTC confirmations? If not, why?
And I really wish people would stop going on about LTC confirmations and POS. I have the same issues with waiting 2 minutes at a cash register as I do 10 minutes at a cash register. No one is going to wait for confirmations. They will take the (very) minor risk of accepting 0 confirmation transactions or they are going to have a 3rd party take the risk.