What will Litecoins be worth in a year or two?

[marnie]

People said ltc would never be worth more than .02$ a few months ago; all I'm gonna say for now.

Excited for the day they hit $1.  I'm sitting on a little pile of LTC.

So are probably thousands of people, which is a good indication it will fail.

[maxcarjuzaa]

At least 4x today value

[maxcarjuzaa]

I personally think the other crypto currencies will bolster the BTC economy.  Wide spread acceptance in all the currencies will be much stronger and diverse than a solo type entity.  I would think the strong sub crypto like LTC (Litecoin) and PPcoin will have greater value in the future.

Once the rest of the world catches on with the beauty and somewhat simplicity of these currencies (although the technical understanding for them can be very daunting).  The values of these currencies will skyrocket.

It will just take a few more major players (like Wordpress, etc) to jump on board... and then see the BTC etc rates on the news channels and the exchanges.

The way the internet was the infinite change to information solicitation - Cypto online currencies will dominate the "old world" physical currencies.

Think of the poorer countries with their currency which is either decimated or valueless...  The world controlled BTC and its bit brothers will be a serious consideration for those affected.

Its the dawn of a new beginning.... Very exciting to see the birth and realization of it.

TooCas.

there is no value in ppc, if you can have a 51% attack protected alt coin you can have a thousand millon, just copy replace ppc by your-name-coin and voila! you have millions of new coins in circulation, so you cannot have value there. Is a pitty I love the concept of a protected currency and a planet friendly currency,  but ppc is not the solution for now... I hope ppc creators come up with a new idea.

[Bendur]

PPC's main problem is it changed too many parameters from bitcoin. New cryptocurrencies shouldn't change parameters just for the sake of it. Only change them if there is a good reason to do so. PPC having practically an unlimited supply of coins is the main pointless parameter change, but there are several others. This pretty much ensures they will always remain worthless. Bitcoin and litecoin on the other hand have a fairly low number of coins, and because of that, they are both worth something.

[CountSparkle]

LTC was designed to be GPU-hostile, which meant that it would be more efficient to mine on a CPU. This was the entire purpose of the currency, however it was discovered months later that it wasn't GPU-hostlile and GPU mining is more efficient than CPU. A lot of people have accused the Litecoin developers of GPU mining LTC since day one with the plan of doing a pump-and-dump. It is also strange as originally LTC was supposed to use Bcrypt as its hashing algorithm which should make it GPU-hostile, but this was later changed to scrypt, which isn't GPU-hostile at all.

Wow, did not know that. I didn't think Litecoin was that suspiciously scummy. Thanks for letting us know.

[Brunic]

People said ltc would never be worth more than .02$ a few months ago; all I'm gonna say for now.

Excited for the day they hit $1.  I'm sitting on a little pile of LTC.

So are probably thousands of people, which is a good indication it will fail.

Like that 78% of the BTC that are used for the same reason?

http://arstechnica.com/tech-policy/2012/10/78-percent-of-bitcoin-currency-stashed-under-digital-mattress-study-finds/

LTC was designed to be GPU-hostile, which meant that it would be more efficient to mine on a CPU. This was the entire purpose of the currency, however it was discovered months later that it wasn't GPU-hostlile and GPU mining is more efficient than CPU. A lot of people have accused the Litecoin developers of GPU mining LTC since day one with the plan of doing a pump-and-dump. It is also strange as originally LTC was supposed to use Bcrypt as its hashing algorithm which should make it GPU-hostile, but this was later changed to scrypt, which isn't GPU-hostile at all.

You know also that Bitcoin was supposed to be mined by many different CPU processors in its beginning and it was not envisioned that people would make pools, fill warehouses with GPU and try to develop ASIC for it? It's not because that the ending result is not the same as the original vision that the project is worthless.

Anyway, my belief is that the value of Litecoin is not by looking at Litecoin alone, but depending of its relation with Bitcoin. I think the real value is what you can do between multiple blockchains, and how blockchains can be adapted for different needs. Bitcoin is only a couple of specific parameters for the concept of crypto-currencies and doesn't make it better or worse than having different parameters for the same concept. There's a lot more potential with multiple crypto-currencies than sticking only with one.

[CountSparkle]

You know also that Bitcoin was supposed to be mined by many different CPU processors in its beginning and it was not envisioned that people would make pools, fill warehouses with GPU and try to develop ASIC for it? It's not because that the ending result is not the same as the original vision that the project is worthless.

Anyway, my belief is that the value of Litecoin is not by looking at Litecoin alone, but depending of its relation with Bitcoin. I think the real value is what you can do between multiple blockchains, and how blockchains can be adapted for different needs. Bitcoin is only a couple of specific parameters for the concept of crypto-currencies and doesn't make it better or worse than having different parameters for the same concept. There's a lot more potential with multiple crypto-currencies than sticking only with one.

Bitcoin was supposed to be mined by few large competing datacenters, so with more specialized hardware, it's right on track.

I don't really see what Litecoin has to offer. It has more coins, and shorter time between blocks, but the coin value is relative, so the number doesn't matter, and shorter block times don't offer any security advantages, so... It's just Bitcoin with less support.

[Blazr]

You know also that Bitcoin was supposed to be mined by many different CPU processors in its beginning and it was not envisioned that people would make pools, fill warehouses with GPU and try to develop ASIC for it? It's not because that the ending result is not the same as the original vision that the project is worthless.

Actually, you're wrong. Satoshi did mention many times that he envisioned in the future Bitcoin mining would be done by specialist hardware (ASIC's). Everybody knew CPU-mining was an extremely inefficient way to secure the blockchain, but there was no alternative at the time. Pooled mining wasn't envisioned, however pools are dying out due to projects such as P2Pool.

Also I think you're missing the point here. Litecoin's one and only purpose was to be CPU minable only (Google if you don't believe me), and obviously enough, it isn't & wasn't from the get go.