So litecoin might not seem as exciting as bitcoin, but this coin is not going away. The technology is there and so are the people.
If you ever use it, litecoins become addicting because the transactions are so fast. I run a small service and tell people to learn about litecoin if they can and pay me in litecoin. Another thing about litecoin, people start to go crazy over it. I am guessing they get the same feeling after seeing how fast and secure this crypto is. Starbucks really needs to except one or two of these, and after that, so long fiat.
Although I do have another theory on the US dollar. I think we will always need a fiat, or how are these prices going to keep going up? Regardless of what fails or prospers, we will always need something to compare the worth of a crypto to. So we need the dollar for this believe it or not? Maybe everything will be back by gold, but then we need more gold. If bitcoin takes off to 100k, how many can you buy? and with what? The dollar maybe. If you try to buy lets just say 100 bitcoins with gold at 5kou, you will need a huge truck to carry all that gold. Then there will be a frenzy for both and the gold price will go too high or have to become fixed. The answer, more debt free dollars.
I just don't think you could ever back up and existing or future crypto coin not token with anything like precious metals. Why would you want to anyways? Thats like putting waits on your coin that is trying to climb. My opinion.
Thanks for reading; Silvertom1/Tom