You are viewing a single comment's thread from:
RE: Crypto Hedge Fund Says "Short Litecoin"
The function of litecoin is being a backup for bitcoin. If digital gold fails, digital silver steps in. That's one of the advantages of currency competition. But I agree there are better coins out there. Personally I'm a big fan of DAG coins (minus IOTA), but for some reason they have trouble getting adopted.
Wouldn't BCH be the backup for bitcoin at this point? Either way, if bitcoin were to fail I highly doubt another POW coin would take it's place. If bitcoin fails, all the POW coins in their form would likely fail as well.