Post
Topic
Board Announcements (Altcoins)
Re: [ANN][LCC] Litecoin Cash | SHA256 LTC fork @ block 1371111 | 10:1 claim ratio
by
Viper1
on 22/02/2018, 03:05:31 UTC
Quote from: Viper1

What exactly does Charlie have to do with any of this?

He was pretty vocal about calling the fork a scam, so I thought I was taking the cautious route by waiting to see how things got off the ground.  Looks like that's my loss, but hopefully the fork goes well.
History has shown that these sorts of things end up being a scam or simply never really going anywhere. Using the name of the coin that it's forked from is usually the first sign. How many people remember litecoindark? I made some money out of that one but as soon as I saw the writing on the wall so to speak, I got out.

Typically theses things go the route of, devs come across as serious people with real plans, coin gets released, there's an initial pump and dump where many will then disappear. Sometimes it will go for a bit longer and then there's a much bigger pump and dump.. After which they usually disappear leaving a bunch of bag holders. Then there might be a community take over and a slow death. It's POW so it has a better chance of keeping itself going than a POS coin. But who knows, maybe these guys will be the exception.