Losertarians are spoiled decadent man-children who are deep down nihilists wanting to party while the world burns. They are neither democrat or republican and feel better about themselves for that, and believe that makes them superior to the other two parties.
You might find it interesting that on the last ballot at the Libertarian National Convention, the choices were Chase Oliver or None of the Above (meaning they would go without a presidential nominee.) Close to 40 percent voted for NOTA.