Just because of trolls, I felt compelled to post something (that and mentioning anything Litecoin summons TheMage!
)
Looks we get it, no development, no community, dying coin blah blah blah.
Litecoin has been around for 5 years, and its not by accident. People love to measure a coin against its market cap, with the unwitting assumption that market cap rules all. Well it doesnt, and there has been many times in history where Litecoin has been bounced from its "second" spot where it was in third or even forth. Want to know what happens? Ask dogecoin, DASH, Blackcoin, NXT, Ripple (even with faking shares or coins or whatever they are called), Auroracoin, or the other 10 that was able to knock Litecoin off its market cap pedestal. Note: I hold no ill will towards any coin, and have close friends in all these community's.
BUT....with that said, who cares? Litecoin isnt around to enrich folks. I've had many discussions with Charlie over the years, and even most recently we both agree that Litecoins purpose, development, and promotion is to become an alternative payment method. This is far beyond even Bitcoin it seems at this point, where the interpretation of Satoshi's vision was it to become an alternate payment method to help others escape banks strangle on the world.
Litecoin isn't here to enrich others from legal gambling. Litecoin is here to promote financial freedom.
With that said, courtesy of shyliar from reddit here is a nice list of why he loves Litecoin (incomplete to me, more could be added but im tired haha).
Capable of four times as many transactions as Bitcoin in a ten minute period. Frankly if payment processors had adopted Litecoin in the past year current Bitcoin block discussions would be irrelevant (and likely the price of both coins higher). Anyone who has watched these discussions understands the immediate advantage of a network with larger transactional capability.
Faster confirmation times. The only people who don't think this is important have never spent a single coin or they have patience that the average person does not possess.
The faster block time of litecoin reduces the risk of double spending attacks.
Anti-spam.
Fast well established network. Current Hashrate is 1,643 GH/s. Since scrypt is memory intensive it is known to be approximately 1000 times slower hardware wise in comparison to SHA256. Fair comparison to the Bitcoin network requires multiplying that hashrate by 1000 (1,643 TH/s). The fact is for most of Litecoins history the hashrate has been relatively high and secure. Those comparing it to the Bitcoin network without considering this 1k factor are either being disingenuous or just ignorant of the facts.
Continuous development look here at number of releases in past year:
https://github.com/litecoin-project/litecoin/releases Upcoming new features and active development look here for whats happening in 2016:
https://www.reddit.com/r/litecoin/comments/3z2ta1/ama_official_litecoin_developers_and_litecoin/Longevity. Many coins have temporarily eclipsed litecoin as they were marketed for the purpose of increasing the fiat accounts of a small group and emptying the accounts of new users. Unfortunately this has been detrimental to crypto-space in general.
Great community.
Fully supported by GoCoin a growing merchant payment processor used by thousands of merchants
https://www.gocoin.com/ as well as other processors such as coinpayments, Asmoney, Alfacoins and Coinify
Liquidity. You can sell thousands and not crash the market. Maintains value. Look at the chart here indicating volume in the last 24 hours relative to other coins.
http://cryptocoincharts.info/coins/graphicalComparison In fact volume has remained high since last June while maintaining a stable price.
Soon to be added to coinbase.
Upcoming release to include a on-chain adaptive block size scaling solution. This will substantially increase the transactional capacity of Litecoin.
Security.
