Post
Topic
Board Announcements (Altcoins)
Re: [ANN][LCC] Litecoin Cash | SHA256 LTC fork @ block 1371111 | 10:1 claim ratio
by
Viper1
on 23/02/2018, 10:13:54 UTC
For those still calling this a scam and that haven't seen this quote:

“We're using the Litecoin Cash name simply because it has become customary in recent months for a coin which forks a blockchain to prefix its name with the name of the coin being forked. This practice has become a widely understood convention. We're not associated or affiliated with Charlie Lee or any of the Litecoin team in any way; we are big fans though.”


P.S. I believe it's the Bitcoin Core wallet that sets off antivirus', probably an older forked version that was modified but never updated for the fix (if there even exists one, I haven't looked ...)
And I'll put this here since you seem to want to cheerlead for some reason.

Explain if it is not a scam just taking the name?

- It's become customary in recent months that when a blockchain is hardforked, the new coin takes the name of the old as a prefix.

We're not saying it's a great convention, but it's instantly understood by people as "oh it's a Litecoin hard fork".
No. It's generally understood that a coin is co-opting the name for other reasons such as to mislead people and try and gain a level of "respectability" they have not earned. Last time there was a lot of this sort of thing if was "Dark" stuff. i.e. BitcoinDark, LitecoinDark, DogeDark, DarkDoge and so on and so forth. So those that have been around awhile, do not view any coin using another's name in a favorable light.