I also think that since litecoins are a ridiculous noninnovation, BTC people should really stop being so smug and move on to mBTC.
It is a shame to be beaten by ltc!
I think LTC is controlled by single wealthy entity. He was able to collect/create large amount of LTC (creating currency, using GPU mining), and now he can pump and only he can dump :-) (he is owner of majority of LTC ... smart ass :-) ).
Satoshi has quite a big stash too. I guess that sooner or later we will end up knowing about him.
You can dump giant amounts of litecoins for bitcoins, but dumping giant amounts of bitcoins for fiat is a tough trick to pull.
