Hello Community,

The New Development team wanted to step in here and make an official announcement regarding the state of LTCD in the current market.

We have now almost finalized the takeover of the currency and we are working hard to layout a roadmap and get genuinely obtainable goals set so that the community can come together and vote on which we should fund second after Proof of Stake.


We understand what has all went on. You were promised innovation, you were teased with 2.0 Technology and because of the lack of releases you are hurt. We are hurt. The new development team invested heavily in this currency just as you had and we all shared the vision of changing cryptocurrency for the better.

This has failed. There was no innovation, there was no 2.0... YET. Yet is the keyword here. The existing developers didn't simply have enough time to get these features set and in place.

Instead of focusing on what they didn't accomplish, we the new development team are choosing to look at what they did create. Let me remind you. We have a large and active community, we have a stable blockchain with good mining support for now, we have decent volume, we have a great difficulty shield that can help with future forks.

I ask you to hold your tongue. We get that this has become a sad excuse and we are working to revamp and re-establish this currency. Posting facts about the past team no longer has validity on this new page. If we as the new development team mess up, lie to you, or other instances, please let us know.

With this weekend and into next week (I have next week off of work) we will be GRINDING out so much work to get a foothold so that we can move FORWARD. We have taken so many steps backward lately that we need to leap forward to stay in the game, or it's over. I get that, we get that, you get that.

POS will be out number one target short term. Following that we want untraceable transactions, and many other suggested features. But for the time being we will be focusing on POS. I have developed a Proof of Stake Decay whitepaper that will be used for the new feature. This POSD will extend the life of the currency with a POS system and give us the needed short term boost to get to where we should be.

Again, we are working hard. I will admit, it's incredibly crappy for me to come here and read all of the people that have lost hope. Hope is all we have left and with our incoming improvements we hope to re-establish the belief that there is a capable development team behind this currency.

Thanks,

-Alec