With China right now breaking the back of the Bitcoin monopoly.
Facts and reality says that they have also gained a key position on the monopoly over Litecoin.
so with Bitcoin running out of investors due to its monopoly being shattered and opening itself to continual 51% style attacks, from another large monopoly
we could easily see the position where key Chinese (or other large manufacturers) have the ability to do this:
Mess with one currency and leave the other one alone.
and if we extend some fundamental analysis to which one they have a complete monopoly on and which one they can break you can see which could be the winner.
now if you are stupid or have a very low IQ let me slowly explain this:
1. Bitcoin started as a monopoly of people that turned into a mining monopoly.
2. but ASIC production can not be funded by state operator alone, it needs the "free market"
3. in this game China wins every time, China has all the productive capacity and to a degree free energy. (thanks to many subsidization situations )
4. China also has a key exchange rate advantage in every aspect.now i will have to explain this very carefully in case people don't understand
of the two entities BTC V LTC
The Chinese had a distinct lead and advantage on the production of ASICs on one of these.
and that is LTC (Litecoin) so now the situation looks like this in the monopoly crypto
Chinese free market participant have the ability to out pace and out mine the other participants in the Bitcoin area of production.
But they to all degree and purposes own the Litecoin productive mining capacity - but no one can essentially break this monopoly.
(at least there is no evidence to suggest they can)
so which one is weaker?If i have to choose a monopoly Crypto i'll choose the one with the most secure monopoly thanks, and that is Litecoin.Scenario for Bitcoin future instability
Ready for some "Nash" game theory fun? http://hackingdistributed.com/2014/06/16/how-a-mining-monopoly-can-attack-bitcoin/^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
A large miner (or a few free market miners working together) can choose destabilize one (say Bitcoin) and leave the other one completely alone if they have the ability to own the majority of both markets.
the one they would choose to "save" would be the one that they can most completely control and will\make them the most wealth, by "bringing down" Bitcoin and supporting Litcoin there is probable much more millions to be made.
happy for feedback .