There is no second best.
Discussion
Nice. But can you actually explain?
Is the question, why isn’t it trading in tighter correlation to bitcoin’s current YTD performance?
No I’m trying to build a rebuttal to someone who says litecoin PoW is just as valuable as Bitcoin and should have a place in one’s allocation. I don’t agree but can’t really make an argument until I understand the flaws in LT.
Digital scarcity can only be discovered once. After that, any copy is inherently not scarce and therefore doesn’t have the same properties of the original.
There are other details about Litecoin which are relevant but you can apply the above logic to 95% of shitcoins and it checks out.