Quote:
Originally Posted by jaydorn
Fill me in here, what's the intention of the alternate coins (EG: litecoin) at the end of the day? With Bitcoin I can at least see there's a desire & drive to get merchants to accept them and lead to consumer adaptation as an alternate currency, but it kinda looks like the alternate coins are just playing to the spectators game.
No one seems to be talking about using litecoins at Subway, but simply the lower spectator/entry cost at the current time. Am I missing something here? Are people backing litecoin in hopes it overtakes bitcoin or becomes another strong alternative currency?
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I'm assuming that they are hoping that Litecoin will be the "Silver" to bitcoin's gold. There will be 4X as many Litecoins down the road, so they are figuring that it should have around 1/4 or slightly less the value of Bitcoin.