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February 23, 2013, 06:05:57 PM |
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we do not "need" a backup coin, Bitcoin is fine, LTC will gaine value because it was in the right place at the correct time, ASIC proof means that a high percent of gpu mine (25%-35%) will switch to LTC.
And the most important thing, LTC has the bigest userbase after BTC.
There are a payment procesor working in a solution for LTC and lot of projets working for LTC.
We need an alternative coin for speculators to trade against BTC without using us dollars :-)
you know, some people hate fiat currency.
REMEMBER: THE VALUE OF A COIN COMES FROM ITS NETWORK EFFECT.
BIG USER BASE=MORE PEOPLE TRYING TO GET THE COIN=HIGHER VALUE (ignore unknows coins with artifically manipulated high prices), You can spot these cases (if any) in the graph above)
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