THELOGICALINDIAN - Litecoin architect Charlie Lee took to Twitter accusatory about contempo efforts to abolish Litecoin amount with FUD overextension by those shorting LTC and that see Litecoin as a threat
Big Up Da Litecoin
Lee had a lot to say apropos accusations that Litecoin [coin_price coin=litecoin] had absent its bend in an more oversaturated market.
Illustrating the aerial akin of aegis in the network, he accent the miners’ abridgement of allurement to advance it, as this would cheapen $150 actor of accouterments investment. He additionally mentioned Litecoin’s ascendancy of Scrypt mining.
Regarding liquidity, Lee acicular out that Litecoin trades on around every exchange. Nine above acquittal processors abutment it, and the arrangement processes $200 actor of affairs every day.
Charlie Lee: LN Doesn’t Make Litecoin Obsolete
Rather than authoritative LTC bombastic technology, Lightning Network absolutely plays nice calm with both Bitcoin and Litecoin, according to Lee. Many LN clients/apps abutment Litecoin, acceptance atomic swaps, and alike abysmal swaps, application LTC to pay lightning BTC invoices. He adds:
Even if Litecoin’s alone amount were as a bitcoin test-net, Lee argues that its amount is greater than the 3 percent of bitcoin’s bazaar cap it currently represents.
Litecoin’s applied affidavit of SegWit account enabled its acceptance and activation on the Bitcoin network. This affectionate of testing is not accessible on the absolute Bitcoin testnet, as valueless bill actualize no allurement for awful actors to drudge it.
Charlie DOES Care and Litecoin IS Still Being Developed
Lee acquired a aspersion aftermost year when, faced with accusations that he was acting for ‘personal benefit,’ he sold and donated all his LTC holdings. He has aback declared that he will never buy aback in, abetment up his claims of “conflict of interest.” However, he additionally afresh appeared to favor Bitcoin over Litecoin as an antecedent crypto investment.
Despite this, his tweets affirm that he is still alive on Litecoin full-time and announcement Litecoin adoption. Countering suggestions that Litecoin has had no development in the accomplished 6 months, he highlights two updates in the accomplished 2 weeks. He additionally credibility out that it is acceptable convenance not to do development assignment “on the adept branch, area bodies are looking.”
As would be expected, responses to the tweets alter from the “Litecoin rulez! Charlie is my hero!” academy of anticipation to “Well why did you advertise castigation then?”
You can amuse some of the people, some of the time, eh?
Are there concerted accomplishments actuality taken to abolish Litecoin price? Share your thoughts below!
Images address of Twitter, Shutterstock
