Decoupling LTC from BTC

[GuiltySpark343]

Does anyone think that LTC will one day be decoupled from BTC?

In other words, currently:

1 LTC = 0.0236 BTC
1 LTC = $3.01
1 BTC = $128

If you converted 1 LTC into USD, then used those USD to buy BTC, you would get 0.0234 BTC, which is pretty close to what you'd get if you just converted LTC into BTC directly at BTC-E.

There are some who feel that they should primarily mine LTC today, because they speculate that the value of LTC would rise in the future? But since LTC/BTC are linked currently, why not just mine BTC instead? It seems to me that if LTC were to rise in the future, so would BTC.

[crypt0maniac]

what did you smoke ?

[Taxidermista]

Does anyone think that LTC will one day be decoupled from BTC?

In other words, currently:

1 LTC = 0.0236 BTC
1 LTC = $3.01
1 BTC = $128

If you converted 1 LTC into USD, then used those USD to buy BTC, you would get 0.0234 BTC, which is pretty close to what you'd get if you just converted LTC into BTC directly at BTC-E.

There are some who feel that they should primarily mine LTC today, because they speculate that the value of LTC would rise in the future? But since LTC/BTC are linked currently, why not just mine BTC instead? It seems to me that if LTC were to rise in the future, so would BTC.

LTC and BTC has been decoupled many times in the past. During the present BTC rally the LTC value has been coupled with USD, not BTC.

[fenican]

LOL there's no "magic string" that attaches them.  The LTC/BTC exchange is just for convenience so that traders do not have to use fiat as an intermediary.

I have said and stand by the statement that the day will come, possibly soon, when one LTC is more valuable in USD than one BTC.

I'd rather trust a currency backed by the iron of a million GPU's than one backed by three ASICS farms

[crypt0maniac]

Correct, ASICS will kill Bitcoin. LiteCoin or eventually some new coin will take it place in future. ASIC farms are easy to shutdown. We need currency trully decentralized.

[Gabi]

ASICS will kill Bitcoin

lol