What do you do with a litecoin?

[freeAgent]

I haven't seen much action around Litecoin as far as real usefulness goes.  In that respect, it seems like a ponzi scheme where new investors pay for the returns of current holders.  There is no asset and there has been no attempt that I've seen, to actually use Litecoin for commerce.  There are a number of businesses that actually transact in Bitcoin.  It therefore has some value outside of its exchange rate.  I will admit, however, that I think a lot of Bitcoin's value is also driven by speculation.  It's not a stable market yet, but it has a lot better positioning than Litecoin.

[nima]

Well.. People don't want them (anymore).

if people don't want them, why are the diff doing up every time there is a diff change?

People definitely do still want them, however people don't want them as much anymore I suppose.

sure they still will, they just don't wont to buy them

it depends on if one sees btc/ltc/etc. as the utlimate solution of e-currency, or just another step toward something like PerfectCoin.
IMHO, litecoin has been remarkably successful compared to other coins that failed, right?   

[finkleshnorts]

it depends on if one sees btc/ltc/etc. as the utlimate solution of e-currency, or just another step toward something like PerfectCoin.
IMHO, litecoin has been remarkably successful compared to other coins that failed, right?   

Yes, but that's not saying much. Namecoin is more successful in my opinion, depending on how success is measured (not price).

I'm all for competition I suppose, but litecoin is certainly not that. It's a gimmick fork.

[bitcool]

Yes, but that's not saying much. Namecoin is more successful in my opinion, depending on how success is measured (not price).

I'm all for competition I suppose, but litecoin is certainly not that. It's a gimmick fork.

So far we've seen more than half a dozen alt-chains, which one is not considered gimmick?  none?

[finkleshnorts]

Yes, but that's not saying much. Namecoin is more successful in my opinion, depending on how success is measured (not price).

I'm all for competition I suppose, but litecoin is certainly not that. It's a gimmick fork.

So far we've seen more than half a dozen alt-chains, which one is not considered gimmick?  none?

Namecoin is less of a gimmick than the others. But, yeah pretty much.

[AndrewBUD]

What do you do with a namecoin? I have a few

[gnpeer]

What do you do with a namecoin? I have a few

The same as LTC:)

[AndrewBUD]

so exchange for BTC and be done with them?

[gnpeer]

so exchange for BTC and be done with them?

Actually I've saved some to buy domains in the future.

[AndrewBUD]

so exchange for BTC and be done with them?

Actually I've saved some to buy domains in the future.

Okay have fun

[molecular]

What do you do with a namecoin? I have a few

The same as LTC:)

Namecoin has some "real use" (buying .bit domains), however slim that use might be, taking the view that any commodity must have (had) a "real use" before being used as money to "bootstrap" the value, namecoin should be more apt to be used as money than bitcoin.

Bitcoin managed to bootstrap it's value some other way (10,000 BTC Pizza?), so I think above view has to be abolished or at least somehow modded.

All the AltCoins are good, they each teach us some thing or other and maybe some other good will come from one at some point. I doubt (at the low level of innovation of the to-date invented OtherCoins) any of them will be a serious competitor to bitcoin. Niche-product? Yes, maybe. Playground? Definitely. Objects of speculation? Yep, but for a very small group of people.