I'm skeptical that adding CT will have adverse affects to LTC on a socioeconomic level.
CT is only part of the solution to privacy/anonymity.
CT is only part of the solution to privacy/anonymity.
Let's face it, the recent effect in anonymous coins is mostly because of hype (or over expectations). I do agree that it would not really affect LTC's price (unless certain groups decide something else). Bad thing is that in the past 2 years cryptocurrencies are restraining from adoption more and more. We have a new "gimmicks race", which probably leads to nowhere.
well first of all hype is not a bad thing for altcoins to gain some momentum and then gain some better foothold in the market to raise their price and stay there. besides no trader is going to miss a good hype because there is a lot of profit to me made
That's what I meant. Sometimes you do need hype, but that is when you are focused to something more important - adoption (i.e. to get some traction in a coin/asset/token). But that is something we are not seeing lately. Most of the people only care about their profits and that's it.
also it is not all hype, there are so many people looking for more privacy so they will look for better anonymous coins. they may not be using it on dark markets and such but that doesn't mean people don't like or want this feature and what coin is better than litecoin to implement this feature. of course only if they don't break everything by doing so!
Privacy doesn't necessarily means wider usage.