Some of the responses in this thread are very interesting, and what I find the most interesting is the philosophy that some folks have and how different it is from those who work on Litecoin (whether it be the developers or the Litecoin Association).

There is no desperation, there is no flavor of the month, no gimmick, and certainly no pumping. If any of this were happening, then it would have happened 2 years ago when that article came out that shyliar linked. We actively look for opportunities to make the Litecoin and crypto experience better because we honestly believe in the work that we do. Unlike the vast majority of cryptos out there, Litecoin isnt here to make people rich or a get rich quick scheme.

I've personally (and openly) stated that I believe in the Satoshi vision, which is to utilize cryptos as an alternate payment method to fiat. This is the goal of Litecoin, and something that I have discussed with Charlie at lengths about. Our vision is to see "USD, Bitcoin, and Litecoin accepted here". Is it a long hard road ahead of us? Hell yes! Even Bitcoin cant get away from the traders grasp and the ideology that cryptos are nothing more than penny stocks. But that doesnt mean that we just say "screw it" and throw our hands up in the air.

Right now confidential transactions are not set in stone, but merely one of many items that we are looking at in order to improve the Litecoin experience. Xinxi just happens to be very enthusiastic about this particular item, to the point where he wants to have more community interaction and thoughts from folks on the subject. And from an ecosystem perspective, I personally wouldnt be doing anyone any favors without reading the pros and cons from the community on the subject when advising the developers on how this could affect the larger Litecoin ecosystem.


Just a little more information to add to this, the Litecoin developers nor do the Litecoin Association staff are paid at all. We are all volunteers, and work on Litecoin because we all share the same mindset and sets of philosophies and ideologies (in regards to Litecoin core being more well funded). For the funds that are raised, it helps with paying for help we may need in terms of contractors, web hosting and protection, and other items such as the trademark issue we have been fighting.

Litecoin was one of the most if not the most fair launches ever in crypto currency. The Binaries were supplied weeks in advanced (at least a month if I remember correctly) so people could set up and configure on the test net, Charlie only mined the first 2 blocks for testing, and the launch date and time were picked by the community. It was so fair in fact that to this day there is a nasty rumor that Litecoin was instamined because the difficulty didnt catch up with the amount of support that Litecoin received at launch (you know, difficulty retargeting an all).

Back to the desperation part and my small tangent here, the same article that Shyliar posted also includes a small snippit from one of the many charities I helped organize. Just some proof to show that yes we do care about the community and dont do it for the greed. We feel that we must hold ourselves to higher standards to show cryptos and the world as a whole that we arent just a bunch of wolf of wallstreet wannabe's.



On a side note, spartak_t are you the one behind @failcommunity handle?