While this may be true I dont think its worth much. The original quote says these features do not bring anyone new in and only the people already in the community care and/or buyin to these coins and I tend to agree.
The more supportive of Bitcoin/Litecoin someone is, the more supportive of that statement they tend to be. It doesn't change the fact it is an opinion. I have a different opinion, and I know I am not alone.. I am just more vocal than most people.
Even someone like me who is an active member of the community did not know the details of some of those coins you listed above. If I dont know about them, how is the general public going to know and be able to pick the best for their needs? (Dont take that as 'I know everything about crypto' because I defiantly do not!)
Exactly, this was my main point at the end. The features may not be bringing in a ton of people right now, but I am sure they are bringing in some people. Once these services and their benefits are more widely known, advertised, and improved upon, I am speculating that they will bring in a lot of people to crypto currencies that otherwise wouldn't have partaken. The crypto currencies that have these features will be the ones that benefit most from this. The ones with the most popular features will win out over those with more "gimmicky" features. On top of that there will be another level of the crypto currencies with the most well implemented of those most popular features will win out over those with the most poorly implemented of the popular features.
You guys are entitled to your opinion and this is mine. I get annoyed that most people don't acknowledge that what they say is speculation and opinion when talking about this stuff... the Satoshi Nakamoto Institute guys are the worst example of this with their articles about alt coins and appcoins which are one side of the debate passed off as fact. No one is doing a good job at debating for the other side when it comes to the issue of adding features on top of a crypto currency and being innovative... I am pretty much only one of the few sticking up for this side. That is because I believe my opinion is correct, probably just as much as you guys believe your own opinions are correct. I think most people are probably just tired of debating this issue with Bitcoin/Litecoin supporters, because it is a never ending debate.
Point is there are too many options for a general person to pick from. Chevy, Dodge, Ford - Pepsi, Coke - Dell, HP, Gateway (are they even around anymore) - people like options but they are not going to read the specs of 400 coins to pick exactly whats best for them, they will pick one of the top 5 and deal with it even if there is a 'better' option available.
This line of thinking assumes that the top 5 coins will always be the same- I very much disagree. Bitcoin and Litecoin are not "too big to fail"- no entity is and no entity ever will be. Once consumers are more educated about which options are available, they will pick the better option IMO. This just has to do with marketing, liquidity, infrastructure, the network effect, and consumer awareness as to why they aren't already picking the better options. These dynamics are just that- dynamic. They can and will change in the future. Sure, it is confined to a niche group at this point in time, but it will not always be that way as cryptos expand their user base and more people are educated on what else is out there. Admittedly it is hard to tell what alternative coin will rise above the pack, but over time it will become more clear and I am 99% certain that crypto currency will not be Litecoin.
