Can Bitcoins and Litecoins (or other alt currencies) co-exist?

[hashman]

Any altcoin that just copies BitCoin will die.

Do you feel the same way about all the "other"  linux distros? 

Litecoin will die

I'd like to see your scenario of predicted coin death.  Somebody will break scrypt?  BTC miners will turn their hardware onto scrypt and push the difficulty up and then flee?  Something else? 

 

[digicoin]

>> Do you feel the same way about all the "other"  linux distros?

How do you compare a Linux distros and a currency? How do they look similar?  

>> Somebody will break scrypt?  BTC miners will turn their hardware onto scrypt and push the difficulty up and then flee?  Something else?  

It looks like that you are a technical guy. Miner? Developer? Bitcoin can gain wide adoption. Litecoin is just a copy of Bitcoin. Bitcoin will push LTC out of the market or it is accepted by a very small amount of people who are mining it. Please think as if you are an economist, who cares a currency that fails to gain wide adoption. Will it die?

I know, some people promote it because they are late to BTC game: get rich quick scheme. No more.

[hashman]

>> Do you feel the same way about all the "other"  linux distros?

> How do you compare a Linux distros and a currency? How do they look similar?  

Well they aren't the same kind of codebase, but:

One can fork a linux distro, modify it, and release your own. 
One can fork a coin, modify it, and release your own.

>> Somebody will break scrypt?  BTC miners will turn their hardware onto scrypt and push the difficulty up and then flee?  Something else?  

It looks like that you are a technical guy. Miner? Developer? Bitcoin can gain wide adoption. Litecoin is just a copy of Bitcoin. Bitcoin will push LTC out of the market or it is accepted by a very small amount of people who are mining it. Please think as if you are an economist, who cares a currency that fails to gain wide adoption. Will it die?

I know, some people promote it because they are late to BTC game: get rich quick scheme. No more.

Actually litecoin is a fork of bitcoin, not an exact copy.  It uses a different hash function called "Scrypt" for proof-of-work validation.  This means in theory that it will be harder for the guys with tons of SHA-256 equipment to control the coin.  There are some other cosmetic differences as well.   

I don't think it's too much of a stretch to say that the crypto-currency ecosystem is well served by some diversity.   

Proof of work coins have a pulse, you can see if they are alive by looking for new blocks.  No new block = dead coin.  I guess you are right, if nobody wants the coins the value goes down, miners flee and are not even lured back by lower difficulty, and eventually you have a dead coin.     




 

[virtualmaster]

As I observed on the litecoin forum they are very eager to embrace and take over illegal activities which are taking place actually in bitcoin.
It is a possible scenario that bitcoin will be more and more accepted and more recognized by governments and more analyzing mechanisms appear which could better reveal illegal transactions then most of the illegal activities will go to litecoin. May be because their network structure is also better suited to withstand government seizure of mining networks.
Bitcoin is more likely to go a way of partial cooperation with governments which can also guaranty an additional security against 51% attacks.
Principally I think that asic type mining has a better 51% withstand capability than scrypt mining if  the network is at least tolerated by the majority of governments. (because by asic mining it is a much higher hash power than by scrypt mining at the same investment)