I read about how they want your private key from a wallet that is empty just to verify that you had coins at one point after the fork. Once that wallet is used it def can not be used again. They did not say you cant use that wallet again though so maybe they are hoping people will reuse the wallets dow the line and take the coins you deposit back into that wallet?
I'm on the fence and theres a couple of days to go before the fork they are paying out 10 litecoin cash to 1 ltc
thoughts?
I think personally this is a garbage coin, and isn't well received or supported. Most times when forks happen, whales will use the fomo to run up the price and dump it before the block happens so people are stuck waiting while the price plummets on them. I sold my litecoin yesterday and will buy back after the fork. Charlie himself doesn't support this fork Heres what he head to say.
https://twitter.com/SatoshiLite/status/958170338621145089?ref_src=twsrc%5Etfw&ref_url=http%3A%2F%2Fbitcoinist.com%2Fcharlie-lee-labels-litecoin-cash-scam%2F If the creator of litecoin himself is saying that this coin is a scam and a waste of time then I tend to agree.
I was thinking that.. everyone gets stuck hodlng the bag as ltc dumps especially since its in a wallet and you have to get it back on the exchange before you can sell, by that time it may already be down. perhaps its a new way to pump a coin up?
on the other side of this though I have read that the bitcoin cash fork was done the same way as this litecoin cash fork so I am on the fence about it
also, if you do recieve the litecoin cash how can you sell it if it is not on any exchange as of yet!?