Real life bitcoin scenario for non-bitcoiners

[Portnoy]

"Litecoin: silver pyrite to Bitcoin's gold"

Lol 

foolscoin

flash in the pan

 

[xDan]

If Litecoin becomes popular, it will be used for drugs.

It will have scandals too.

I'm going to make a prediction here, maybe I'll quote this in ten years: No first world government will make Bitcoin illegal. Probably, it'll be given special notice in legislation of some kind (i.e. We know it exists, and we want tax from any profit you make using it). And organisations that provide financial services with it will be regulated, much like banks. Anonymously operated and unregulated exchanges or e-wallets might be cracked down on (but good luck with that).

[Roger_Murdock]

"Litecoin: silver pyrite to Bitcoin's gold"

"Litecoin: silver carbon to Bitcoin's gold"

Well, geez, it's not quite that bad. I think the ratio for the price of an ounce of gold to an ounce of carbon is around 2700 to 1. Bitcoin to Litecoin value is only around 125 to 1. On the other hand, the analogy isn't terrible. Litecoin is basically a carbon copy of Bitcoin. And I guess you could also compare it to a lump of charcoal. It's still smoldering, but it will burn itself out before too long. Or take atmospheric carbon. Some people consider that to be pollution. Some might say that Litecoin is the equivalent of pollution in the cryptocurrency space. Heck, even your diamond comparison sort of works. After all, diamonds ARE a pretty poor currency (due to a lack of fungibility and divisibility).

(And by the way, dude. I'm just messing with you. I mean, I AM a Litecoin skeptic, but I wish it, and you, good luck. )